Ramaco Resources, Inc. (METC) Tops Q2 EPS by 16c
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Ramaco Resources, Inc. Reports Second Quarter 2021 Financial Results
August 2, 2021 4:05 PM EDTLEXINGTON, Ky., Aug. 2, 2021 /PRNewswire/ --Â
Net income was $9.9 million (EPS of $0.23) and Adjusted EBITDA was $18.1 million for the second quarter of 2021. Adjusted EBITDA was the second-best quarter for the Company since our inception, driven by record total sales of 686,000 tons, annualized production from Elk Creek of 2.20 million tons, and continued strong cost control. As a result of our solid year-to-date results, we are again increasing both our full-year 2021 production and sales guidance, while lowering both our full-year 2021 cost and capital expenditure guidance. Due to our strong second... More