Filing Flows › Ramaco Resources (METC) › Q2 2026
Ramaco Resources (METC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Ramaco Resources (METC) reported revenue of $145M for the second quarter 2026 (Q2 2026), -5% from a year earlier and +19% from the quarter before. Operating margin was -12.6%, net loss $15.4M (10.6% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $145M | +19% | -5% |
| Operating profit | −$18.2M | — | — |
| Net earnings | −$15.4M | — | — |
| Operating cash flow | $12.2M | — | — |
What changed
Revenue was $144.8M in Q2 2026, down 5% year over year and up 19% from the previous quarter. Export revenue, excluding Canada was the largest line at 72% of revenue. North American revenue lost $23.2M year over year (down 37%), 285% of the total change.
Operating costs exceeded revenue by $18.2M, an operating margin of -12.6%. Total costs fell 2% while revenue fell 5%. The fastest-growing cost line was SG&A (+16%). The quarter ended with a net loss of $15.4M, narrower than the previous quarter's $18.3M loss.
Operating cash flow was $12.2M. Non-cash charges added back $16.8M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items added $5.8M. Capital expenditures of $27.1M exceeded it, leaving free cash flow of −$15.0M.
Questions
What was Ramaco Resources' revenue in the second quarter 2026?
Ramaco Resources (METC) reported revenue of $145M for the second quarter 2026 (Q2 2026), -5% from a year earlier and +19% from the quarter before.
Was Ramaco Resources profitable in the second quarter 2026?
Operating loss was $18.2M (-12.6% of revenue) and net loss $15.4M.
Source: Ramaco Resources 10-Q on SEC EDGAR.