Ramaco Resources, Inc. (METC) Tops Q1 EPS by 10c, Revenues Miss
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Ramaco Resources, Inc. Reports First Quarter 2021 Financial Results
May 12, 2021 4:05 PM EDTLEXINGTON, Ky., May 12, 2021 /PRNewswire/ --Â Ramaco Resources, Inc. (NASDAQ: METC) ("Ramaco" or the "Company") today reported quarterly net income of $4.1 million, or $0.10 per diluted share for the three months ended March 31, 2021, which was over 100% above net income of $2.0 million or $0.05 per diluted share for the three months ended March 31, 2020.
The Company's adjusted earnings before interest, taxes, depreciation, amortization and equity-based compensation ("Adjusted EBITDA") was $11.5 million for the three months ended March 31, 2021 almost 40% higher compared with $8.4 million of Adjusted EBITDA for the three months ended March 31, 2020.
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