Ramaco Resources, Inc. (NASDAQ: METC) reported Q3 EPS of $0.15, $0.13 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $62.2 million versus the consensus estimate of $65.32 million.

Randall Atkins, Ramaco Resources' Executive Chairman and Chief Financial Officer remarked, "As reported, we experienced a partial structural failure earlier this week at one 2,000-ton silo at our Elk Creek complex in West Virginia. For some perspective, we have over 350,000 tons of raw coal storage capacity at Elk Creek. The significance of the Elk Creek silo failure is that the silo system served as the conduit for delivery of coal to the preparation plant through various conveying belts and equipment. Given the damage to the silo, we will now plan to build an alternative conveying system to the preparation plant from an existing stockpile area."

Atkins continued, "At this stage of our review we are not able to provide clear guidance relative to the timing that this construction will take or when we will resume normal coal washing and loading. We hope to have this completed during the fourth quarter. I would also point out that all Elk Creek mines are continuing to operate under normal schedules."

"We are of course hopeful that both this interruption will have only near- to intermediate-term impacts at Elk Creek, and that we will resume coal preparation and loading during the fourth quarter. We will be reporting more information on our earnings call on November 8th and more afterward as additional information becomes available."

For earnings history and earnings-related data on Ramaco Resources, Inc. (METC) click here.