Filing Flows › Ramaco Resources (METC) › Q1 2026
Ramaco Resources (METC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Ramaco Resources (METC) reported revenue of $122M for the first quarter 2026 (Q1 2026), -10% from a year earlier and -5% from the quarter before. Operating margin was -20.0%, net loss $18.3M (15.1% of revenue).
Ramaco Resources, Q1 2026: revenue $122M (-10% year over year), operating margin -20.0%, net loss $18.3M, operating cash flow −$34.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $122M | -5% | -10% |
| Operating profit | −$24.3M | — | — |
| Net earnings | −$18.3M | — | — |
| Operating cash flow | −$34.6M | — | -233% |
What changed
Revenue was $121.6M in Q1 2026, down 10% year over year and down 5% from the previous quarter. Export revenue, excluding Canada was the largest line at 69% of revenue. North American revenue lost $6.5M year over year (down 15%), 50% of the total change.
Operating costs exceeded revenue by $24.3M, an operating margin of -20.0%. Total costs fell 1% while revenue fell 10%. The fastest-growing cost line was SG&A (+39%). The quarter ended with a net loss of $18.3M, wider than the previous quarter's $14.7M loss.
Operating cash flow was −$34.6M. Non-cash charges added back $16.6M of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items used $37.8M. Capital expenditures of $17.5M exceeded it, leaving free cash flow of −$52.1M.
Questions
What was Ramaco Resources' revenue in the first quarter 2026?
Ramaco Resources (METC) reported revenue of $122M for the first quarter 2026 (Q1 2026), -10% from a year earlier and -5% from the quarter before.
Was Ramaco Resources profitable in the first quarter 2026?
Operating loss was $24.3M (-20.0% of revenue) and net loss $18.3M.
Source: Ramaco Resources 10-Q on SEC EDGAR.