Ramaco Resources Inc

For the period ended Dec 31, 2023. Filed Mar 14, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 14, 2024

METC$6.82+9.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Operations


· · Year ended December 31,
In thousands, except per-share amounts	2023		2022		2021

Revenue		$693,524		$565,688		$283,394

Costs and expenses
Cost of sales (exclusive of items shown separately below)		493,793		332,960		195,412
Asset retirement obligations accretion		1,403		1,115		615
Depreciation, depletion, and amortization		54,252		41,194		26,205
Selling, general, and administrative		48,831		40,032		21,629
Total costs and expenses		598,279		415,301		243,861

Operating income		95,245		150,387		39,533

Other income (expense), net		18,321		2,637		7,429
Interest expense, net		(8,903)		(6,829)		(2,556)

Income before tax		104,663		146,195		44,406
Income tax expense		22,350		30,153		4,647
Net income		$82,313		$116,042		$39,759

Earnings per common share *
Basic - Single class (through 6/20/2023)		$0.71		$2.63		$0.90
Basic - Class A (6/21/2023 - 12/31/2023)		$1.06		$—		$—
Total		$1.77		$2.63		$0.90

Basic - Class B (6/21/2023 - 12/31/2023)		$0.42		$—		$—

Diluted - Single class (through 6/20/2023)		$0.70		$2.60		$0.90
Diluted - Class A (6/21/2023 - 12/31/2023)		$1.03		$—		$—
Total		$1.73		$2.60		$0.90

Diluted - Class B (6/21/2023 - 12/31/2023)		$0.40		$—		$—

* Refer to Note 14 for earnings per common share calculations

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.