Filing Flows › Ramaco Resources (METC) › Q2 2026 › vs Q1 2026
Ramaco Resources (METC) Q2 2026 vs Q1 2026 (quarter over quarter)
Ramaco Resources's revenue rose $23.2M (+19%) from $122M in Q1 2026 to $145M in Q2 2026. The biggest changes: Export revenue, excluding Canada +$20.3M (+24%); North American revenue +$2.9M (+8%).
Ramaco Resources, Q2 2026: revenue $145M (-5% year over year), operating margin -12.6%, net loss $15.4M, operating cash flow $12.2M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Export revenue, excluding Canada | $104M | $84.1M | $20.3M | +24% |
| North American revenue | $40.4M | $37.5M | $2.9M | +8% |
| Revenue | $145M | $122M | $23.2M | +19% |
| Income tax benefit | $4.2M | $5.8M | −$1.7M | -29% |
| Net loss | $15.4M | $18.3M | −$2.9M | -16% |
| Costs & expenses | $164M | $146M | $18.5M | +13% |
| Operating costs | $163M | $146M | $17.1M | +12% |
| Interest & other, net | $1.3M | −$151K | $1.5M | — |
| Cost of revenue | $128M | $109M | $19.7M | +18% |
| SG&A | $17.6M | $20.3M | −$2.7M | -13% |
| Other operating costs | $17.3M | $17.1M | $175K | +1% |
| Operating cash sources | $27.6M | −$16.3M | $43.9M | — |
| Depreciation & amortization | $16.8M | $16.6M | $198K | +1% |
| Share-based compensation | $5.0M | $4.9M | $67K | +1% |
| Working capital & other | $5.8M | −$37.8M | $43.6M | — |
| Net loss absorbed | $15.4M | $18.3M | −$2.9M | -16% |
| Operating cash flow | $12.2M | −$34.6M | $46.8M | — |
| Capital expenditures | $27.1M | $17.5M | $9.6M | +55% |
| Negative free cash flow (OCF − capex) | $15.0M | $52.1M | −$37.1M | -71% |
Questions
How much did Ramaco Resources's revenue grow quarter over quarter in Q2 2026?
Ramaco Resources's revenue rose $23.2M (+19%) from $122M in Q1 2026 to $145M in Q2 2026.
What drove Ramaco Resources's revenue change in Q2 2026?
Export revenue, excluding Canada +$20.3M (+24%); North American revenue +$2.9M (+8%).