Jun 2026 (Q2 FY26) — Aug 5, 2026
Ramaco Resources Q2 FY26 — Transformative Growth in Critical Minerals and Low Vol Met Coal
Read the full callRamaco Resources earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 145 | −5.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -12.6 | −3.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -15.4 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $45.78 on 17 Oct 2025 → $7.64. High $47.67 (20 Oct 2025), low $7.64 (19 Oct 2026).
Overview
Call summaries
Ramaco Resources Q2 FY26 — Transformative Growth in Critical Minerals and Low Vol Met Coal
Read the full callEvery analysed call
Financials
Net profit, year on year: −10% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 167 | 171 | 135 | 153 | 121 | 128 | 122 | 145 |
| Expenses | 166 | 165 | 147 | 167 | 135 | 144 | 146 | 163 |
| Operating profit | 2 | 6 | -12 | -14 | -14 | -16 | -24 | -18 |
| Operating margin | 0.9% | 3.7% | −8.9% | −9.1% | −12.0% | −12.2% | −20.0% | −12.6% |
| Other income | — | — | -0 | -1 | — | — | -1 | -2 |
| Interest | 2 | -11 | -2 | -3 | 2 | — | -0 | -2 |
| Profit before tax | -0 | 6 | -14 | -16 | -17 | -16 | -24 | -20 |
| Tax rate | −34.3% | 36.4% | 31.2% | 12.7% | 19.9% | 6.8% | 24.2% | 21.3% |
| Net profit | -0 | 4 | -9 | -14 | -13 | -15 | -18 | -15 |
| EPS ($ per share) | -0.03 | — | — | — | — | — | — | — |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | — | — | — |
| Reserves | -10 | 15 | 10 | 47 | 140 | 92 | 70 | -0 |
| Total liabilities | 47 | 57 | 60 | 118 | 287 | 296 | 312 | 657 |
| Fixed assets | 149 | 178 | 181 | 227 | 430 | 459 | 482 | 512 |
| Total assets | 188 | 227 | 229 | 329 | 596 | 666 | 675 | 1,141 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 36 | 42 | 13 | 53 | 188 | 161 | 113 | 2 |
| Cash from investing | -43 | -46 | -25 | -60 | -146 | -72 | -71 | -84 |
| Cash from financing | 8 | 3 | 11 | 22 | -28 | -83 | -51 | 489 |
| Capital expenditure | -48 | -46 | -25 | -29 | -123 | -83 | -55 | -63 |
| Free cash flow | -12 | -3 | -11 | 24 | 65 | 78 | 57 | -61 |
224 filings between Jan 30, 2026 and Sep 2, 2026.
Purchases
None
No insider bought shares.
Sales
$66.10M
112 sales by 7 insiders
Also filed: 17 other filings, 1 gift.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Lawrence Bryan H. | — | $28.74M | Mar 30, 2026 |
| LEIDEL PETER A | — | $28.74M | Mar 30, 2026 |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT | — | $7.74M | Aug 6, 2026 |
| Yorktown Energy Partners XI, L.P. | — | $217.8K | Mar 30, 2026 |
| Yorktown XI Associates LLC | — | $217.8K | Mar 30, 2026 |
| Yorktown Energy Partners IX, L.P. | — | $214.9K | Mar 30, 2026 |
| Yorktown IX Associates LLC | — | $214.9K | Mar 30, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 2, 2026 | Lawrence Bryan H. Director | Other | 1,000,000 | $0 |
| Sep 2, 2026 | LEIDEL PETER A Director | Other | 46,777 | $0 |
| Sep 2, 2026 | Lawrence Bryan H. Director | Other | 88,135 | $0 |
| Sep 2, 2026 | LEIDEL PETER A Director | Other | 1,000,000 | $0 |
| Aug 27, 2026 | Atkins Randall Whittaker CHIEF EXECUTIVE OFFICER | Gift | 500,000 | $0 |
| Aug 25, 2026 | Lawrence Bryan H. Director | Other | 13,634 | $0 |
| Aug 25, 2026 | LEIDEL PETER A Director | Other | 8,571 | $0 |
| Aug 25, 2026 | LEIDEL PETER A Director | Other | 1,000,000 | $0 |
| Aug 25, 2026 | Lawrence Bryan H. Director | Other | 1,000,000 | $0 |
| Aug 6, 2026 | DISCOVERY CAPITAL MANAGEMENT, LLC / CT 10% owner | Sale | 500,000 | $4.79M |
| Jun 9, 2026 | Lawrence Bryan H. Director | Other | 17,043 | $0 |
| Jun 9, 2026 | Lawrence Bryan H. Director | Other | 1,000,000 | $0 |
| Jun 9, 2026 | LEIDEL PETER A Director | Other | 1,000,000 | $0 |
| Jun 9, 2026 | LEIDEL PETER A Director | Other | 10,713 | $0 |
| May 1, 2026 | DISCOVERY CAPITAL MANAGEMENT, LLC / CT 10% owner | Sale | 200,000 | $2.96M |
| Mar 30, 2026 | LEIDEL PETER A Director | Sale | 2,297 | $23.7K |
| Mar 30, 2026 | LEIDEL PETER A Director | Sale | 1,518 | $15.7K |
| Mar 30, 2026 | LEIDEL PETER A Director | Sale | 2,266 | $23.4K |
| Mar 30, 2026 | Yorktown IX Associates LLC 10% owner | Sale | 2,266 | $23.4K |
| Mar 30, 2026 | Lawrence Bryan H. Director | Sale | 2,297 | $23.7K |
| Mar 30, 2026 | Lawrence Bryan H. Director | Sale | 2,266 | $23.4K |
| Mar 30, 2026 | Yorktown Energy Partners IX, L.P. 10% owner | Sale | 2,266 | $23.4K |
| Mar 30, 2026 | Yorktown XI Associates LLC 10% owner | Sale | 2,297 | $23.7K |
| Mar 30, 2026 | Lawrence Bryan H. Director | Sale | 1,518 | $15.7K |
| Mar 30, 2026 | Yorktown Energy Partners XI, L.P. 10% owner | Sale | 2,297 | $23.7K |
| Mar 27, 2026 | LEIDEL PETER A Director | Sale | 47,968 | $734.3K |
| Mar 27, 2026 | LEIDEL PETER A Director | Sale | 72,567 | $1.11M |
| Mar 27, 2026 | LEIDEL PETER A Director | Sale | 59,350 | $908.5K |
| Mar 27, 2026 | LEIDEL PETER A Director | Sale | 8,168 | $89.3K |
| Mar 27, 2026 | LEIDEL PETER A Director | Sale | 5,398 | $59.0K |
| Mar 27, 2026 | LEIDEL PETER A Director | Sale | 8,059 | $88.1K |
| Mar 27, 2026 | Yorktown Energy Partners IX, L.P. 10% owner | Sale | 8,059 | $88.1K |
| Mar 27, 2026 | Lawrence Bryan H. Director | Sale | 72,567 | $1.11M |
| Mar 27, 2026 | Yorktown IX Associates LLC 10% owner | Sale | 8,059 | $88.1K |
| Mar 27, 2026 | Lawrence Bryan H. Director | Sale | 8,059 | $88.1K |
| Mar 27, 2026 | Lawrence Bryan H. Director | Sale | 59,350 | $908.5K |
| Mar 27, 2026 | Lawrence Bryan H. Director | Sale | 8,168 | $89.3K |
| Mar 27, 2026 | Yorktown XI Associates LLC 10% owner | Sale | 8,168 | $89.3K |
| Mar 27, 2026 | Yorktown Energy Partners XI, L.P. 10% owner | Sale | 8,168 | $89.3K |
| Mar 27, 2026 | Lawrence Bryan H. Director | Sale | 47,968 | $734.3K |
| Mar 27, 2026 | Lawrence Bryan H. Director | Sale | 5,398 | $59.0K |
| Mar 26, 2026 | LEIDEL PETER A Director | Sale | 80,683 | $1.10M |
| Mar 26, 2026 | LEIDEL PETER A Director | Sale | 53,328 | $729.1K |
| Mar 26, 2026 | LEIDEL PETER A Director | Sale | 65,989 | $902.2K |
| Mar 26, 2026 | LEIDEL PETER A Director | Sale | 2,396 | $25.8K |
| Mar 26, 2026 | LEIDEL PETER A Director | Sale | 1,583 | $17.1K |
| Mar 26, 2026 | LEIDEL PETER A Director | Sale | 2,364 | $25.5K |
| Mar 26, 2026 | Lawrence Bryan H. Director | Sale | 2,364 | $25.5K |
| Mar 26, 2026 | Lawrence Bryan H. Director | Sale | 1,583 | $17.1K |
| Mar 26, 2026 | Lawrence Bryan H. Director | Sale | 53,328 | $729.1K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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