METC Earnings Prediction
The chart below shows how METC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, METC sees a +5.21% change in stock price 10 days leading up to the earnings, and a +5.27% change 10 days following the report. On the earnings day itself, the stock moves by -2.13%. This data can give you a slight idea of what to expect for the next quarter's release.
METC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
167.41M
-10.46%
7.79%
Gross Margin
8.88%
-40.48%
-17.24%
Operating Margin
1.16%
-86.80%
-68.73%
Net Margin
-0.14%
-101.34%
-103.92%
EPS
-0.00
-100.00%
-100.00%
No Data Available
METC Earnings Analysis
Ramaco Resources, Inc. Class A Common Stock Corporation (METC.O) Earnings Conference Call
Positive
Operational Efficiency Improvement: The third quarter was easily our strongest operational quarter this year, with cash costs declining by over 25%.
Record Production and Sales: We saw a record production of 972,000 tons, up 35% from Q3 of 2023, and enjoyed record sales of 1.02 million tons, the first time we eclipsed the 1 million ton figure in company history for a single quarter.
Cash Cost Improvement: Our cash costs improved to $102 per ton versus $108 per ton in Q2 and $118 per ton in Q1, reflecting our strong cost control measures.
Q4 Production and Sales Growth: We are projecting more growth again in both production and sales for the fourth quarter, with a year-end run rate in excess of 5 million tons on sales with normalized cash costs below $100 at ton.
CapEx Guidance Increase: We have increased the 2024 CapEx guidance to $61 million to $65 million from $53 million to $63 million, largely due to the timing of the Maben prep plant, which was commissioned a bit earlier than we had anticipated.
Negative
Operating Margin Stability: Despite a 13% decline in the Australian benchmark price this quarter, we seem to be the only public metallurgical coal group to have maintained essentially the same operating margins for both the second and third quarters.
Cost Reduction Progress: Quarterly costs have dropped from $118 per ton in the first quarter to $102 tons this quarter, and we hope to actually improve on that in Q4.
EBITDA and Net Income Decline: Q3 adjusted EBITDA was $24 million compared to $29 million in Q2, with third quarter net income of breakeven compared to second quarter net income of $6 million.
EPS Decline Due to Mine Closure: Q3 Class A EPS showed a $0.03 loss compared to an $0.08 gain in Q2, negatively impacted by the closure of the Jawbone mine.
Industry Production Decline: Overall industry Q3 US met production was down 8%, bringing overall growth back to flat on the year.
METC FAQs
How does METC typically perform around its earnings report dates?
Is Ramaco Resources, Inc. (METC) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
METC Earning Call Sentiment
Ramaco Resources, Inc. (METC) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
METC.O
-2.01%Positive
The earnings call reveals several challenges: declining financial performance with reduced EBITDA and net income, weak market demand due to global steel and coal market conditions, and no shareholder return initiatives. Despite record production and improved cost control, the guidance reduction and increased expenses negatively impact sentiment. The Q&A session indicates uncertainty in pricing and market conditions, which further dampens outlook. Overall, the sentiment is negative, suggesting a potential stock price decline in the near term.
