RAMACO RESOURCES REPORTS THIRD QUARTER 2024 RESULTS
Ramaco Resources, Inc. - Class B (METCB)
Company Research
Source: PR Newswire
LEXINGTON, Ky., Nov. 4, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, "Ramaco" or the "Company"), is a leading operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and future developer of rare earth and critical minerals in Wyoming. Today it reported financial results for the three months and nine months ended September 30, 2024.THIRD QUARTER 2024 HIGHLIGHTSFor the quarter ended September 30, 2024, the Company had adjusted earnings before interest, taxes, depreciation, amortization, certain non-operating expenses, and equity-based compensation ("Adjusted EBITDA", a non-GAAP measure), of $23.6 million, compared to $28.8 million in the second quarter of 2024. (See "Reconciliation of Non-GAAP Measures" below.)For the quarter ended September 30, 2024, the Company had net income of $(0.2) million, compared to $5.5 million in the second quarter of 2024 and $19.5 million in the third quarter of 2023. Class A diluted EPS was $(0.03) for
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