Ramaco Resources Declares $0.1489 Stock Dividend Payable in Class B Shares
Ramaco Resources, Inc., a metallurgical coal producer, announced a quarterly stock dividend of $0.1489 per share of Class B common stock. The dividend will be paid in shares rather than cash, with fractional shares settled in cash based on the stock's closing price on the record date.
Ramaco Resources, Inc. (NASDAQ: METC), a metallurgical coal producer operating mining complexes in Central Appalachia, declared a quarterly stock dividend of $0.1489 per share of Class B common stock. The dividend will be paid in shares of Class B common stock rather than cash, with the number of shares issued determined by dividing $0.1489 by the closing price of the stock on the record date. Read more dividend announcements.
Shareholders of record as of March 13, 2026 will receive the dividend on March 27, 2026. The company will not issue fractional shares. Instead, shareholders entitled to fractional shares will receive a cash payment equal to the fair value of those fractions, calculated using the closing price on the record date.
| Dividend Detail | Information |
|---|---|
| Amount | $0.1489 per share |
| Payment Type | Class B Common Stock |
| Record Date | March 13, 2026 |
| Payment Date | March 27, 2026 |
| Fractional Shares | Cash settlement at closing price |
Fourth Quarter and Full Year 2025 Results
The dividend announcement came alongside the company's fourth quarter and full year 2025 financial results. Ramaco Resources produced 892,000 tons in the fourth quarter of 2025, down from 945,000 tons in the prior quarter but below the 954,000 tons produced in the fourth quarter of 2024.
For the full year 2025, the company produced 3.826 million tons compared to 3.671 million tons in 2024. Sales totaled 3.834 million tons in 2025, down from 3.989 million tons the prior year.
Average revenue per ton was $116 in the fourth quarter, compared to $120 in the third quarter and $129 in the year-ago period. Full-year average revenue declined to $120 per ton from $140 per ton in 2024.
Cash costs of coal sold averaged $92 per ton in the fourth quarter, down from $97 per ton in the third quarter and $96 per ton a year earlier. Full-year cash costs improved to $98 per ton from $105 per ton in 2024, helping to offset weaker pricing.
Operations and Production Mix
The Elk Creek Mining Complex produced 697,000 tons in the fourth quarter, up from 647,000 tons in the third quarter and 672,000 tons a year earlier. For the full year, Elk Creek output reached 2.719 million tons, up 19% from 2.286 million tons in 2024.
The Berwind Mining Complex, which includes Knox Creek and Maben operations, produced 195,000 tons in the fourth quarter, down from 298,000 tons in the prior quarter and 282,000 tons in the year-ago period. Full-year Berwind production declined to 1.107 million tons from 1.385 million tons in 2024.
2026 Guidance
Ramaco Resources provided full-year 2026 guidance projecting company production of 3.7 million to 4.1 million tons and sales of 4.1 million to 4.5 million tons. The sales figure includes purchased coal.
The company expects cash costs per ton sold of $95 to $100, below the $98 average achieved in 2025. Capital expenditures are projected at $85 million to $90 million, up from $64.3 million in 2025.
Selling, general and administrative expenses are forecast at $67 million to $72 million, compared to $69.4 million in 2025. Depreciation, depletion and amortization expense is expected to increase to $75 million to $80 million from $68.2 million in 2025.
The company projects net interest income of $1 million to $2 million in 2026, a significant improvement from interest expense of $7.8 million in 2025. The normalized effective tax rate is expected to be 20% to 25%, up from 17% in 2025.