Filing Flows › Ramaco Resources (METC) › Q2 2026 › vs Q2 2025
Ramaco Resources (METC) Q2 2026 vs Q2 2025 (year over year)
Ramaco Resources's revenue fell $8.2M (-5%) from $153M in Q2 2025 to $145M in Q2 2026. The biggest changes: North American revenue −$23.2M (-37%); Export revenue, excluding Canada +$15.1M (+17%).
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 Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Export revenue, excluding Canada | $104M | $89.3M | $15.1M | +17% |
| North American revenue | $40.4M | $63.6M | −$23.2M | -37% |
| Revenue | $145M | $153M | −$8.2M | -5% |
| Income tax benefit | $4.2M | $2.0M | $2.1M | +105% |
| Net loss | $15.4M | $14.0M | $1.4M | +10% |
| Costs & expenses | $164M | $169M | −$4.6M | -3% |
| Operating costs | $163M | $167M | −$3.8M | -2% |
| Interest & other, net | $1.3M | $2.2M | −$830K | -38% |
| Cost of revenue | $128M | $134M | −$6.0M | -4% |
| SG&A | $17.6M | $15.2M | $2.4M | +16% |
| Other operating costs | $17.3M | $17.4M | −$146K | -0.8% |
| Operating cash sources | $27.6M | $9.7M | $17.9M | +184% |
| Depreciation & amortization | $16.8M | $17.0M | −$227K | -1% |
| Share-based compensation | $5.0M | $4.8M | $223K | +5% |
| Working capital & other | $5.8M | −$12.1M | $17.9M | — |
| Net loss absorbed | $15.4M | $14.0M | $1.4M | +10% |
| Operating cash flow | $12.2M | −$4.3M | $16.4M | — |
| Capital expenditures | $27.1M | $15.1M | $12.0M | +79% |
| Negative free cash flow (OCF − capex) | $15.0M | $19.4M | −$4.4M | -23% |
Questions
How much did Ramaco Resources's revenue grow year over year in Q2 2026?
Ramaco Resources's revenue fell $8.2M (-5%) from $153M in Q2 2025 to $145M in Q2 2026.
What drove Ramaco Resources's revenue change in Q2 2026?
North American revenue −$23.2M (-37%); Export revenue, excluding Canada +$15.1M (+17%).