Ramaco Resources reports Q2 class A EPS 8c, consensus (1c)

Class B EPS was 18c. Reports Q2 revenue $355.3M, consensus $150.23M. Randall Atkins, Ramaco Resources’ Chairman and Chief Executive Officer commented, “Our second quarter met coal results clearly exceeded our first quarter results both operationally and financially. This was despite continued softness in global coal pricing as shown by the 15% quarterly decline in US met coal indices. Production this quarter of 901,000 tons was a record, increasing by 7% over the first quarter, and was due largely to better productivity, geology, and labor availability. As a result, second quarter non-GAAP mine cash cost per ton sold declined roughly $10 per ton to $108 per ton”.