Filing Flows › Ramaco Resources (METC) › Q3 2026
Ramaco Resources (METC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Ramaco Resources (METC) reported revenue of $150M for the third quarter 2026 (Q3 2026), +24% from a year earlier and +4% from the quarter before. Operating margin was -14.1%, net loss $18.2M (12.1% of revenue).
Ramaco Resources, Q3 2026: revenue $150M (+24% year over year), operating margin -14.1%, net loss $18.2M, operating cash flow −$12.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $150M | +4% | +24% |
| Operating profit | −$21.1M | — | — |
| Net earnings | −$18.2M | — | — |
| Operating cash flow | −$12.0M | -198% | — |
What changed
Revenue was $150.1M in Q3 2026, up 24% year over year and up 4% from the previous quarter. Export revenue, excluding Canada was the largest line at 65% of revenue. Export revenue, excluding Canada added $24.1M year over year (up 33%), 83% of the total change.
Operating costs exceeded revenue by $21.1M, an operating margin of -14.1%. Total costs grew 26% against revenue growth of 24%. The fastest-growing cost line was Cost of revenue (+31%). The quarter ended with a net loss of $18.2M, wider than the previous quarter's $15.4M loss.
Operating cash flow was −$12.0M. Non-cash charges added back $17.6M of depreciation and amortization and $5.1M of share-based compensation. Working capital and other items used $16.4M. Capital expenditures of $35.5M exceeded it, leaving free cash flow of −$47.5M.
Questions
What was Ramaco Resources' revenue in the third quarter 2026?
Ramaco Resources (METC) reported revenue of $150M for the third quarter 2026 (Q3 2026), +24% from a year earlier and +4% from the quarter before.
Was Ramaco Resources profitable in the third quarter 2026?
Operating loss was $21.1M (-14.1% of revenue) and net loss $18.2M.
Source: Ramaco Resources 10-Q on SEC EDGAR.