$METC
Ramaco Resources, Inc.

2022 Q2 Form 10-Q Financial Statement

#000155837022008756 Filed on May 13, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $138.7M $154.9M $87.51M
YoY Change 82.3% 256.42% 71.08%
Cost Of Revenue $76.64M $81.25M $51.64M
YoY Change 32.69% 160.44% 5.94%
Gross Profit $62.01M $73.63M $35.86M
YoY Change 238.95% 500.71% 1394.21%
Gross Profit Margin 44.72% 47.54% 40.98%
Selling, General & Admin $8.786M $11.82M $5.862M
YoY Change 70.11% 151.2% 10.6%
% of Gross Profit 14.17% 16.06% 16.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.783M $8.680M $7.344M
YoY Change 64.28% 41.02% 38.31%
% of Gross Profit 15.78% 11.79% 20.48%
Operating Expenses $19.32M $11.82M $13.36M
YoY Change 274.13% 151.2% 24.28%
Operating Profit $42.69M $52.89M $22.50M
YoY Change 507.99% 4151.61% -369.47%
Interest Expense -$1.937M $1.130M -$1.138M
YoY Change -784.45% 459.41% 267.1%
% of Operating Profit -4.54% 2.14% -5.06%
Other Income/Expense, Net $2.348M $366.0K $273.0K
YoY Change -31.59% -87.53% -41.91%
Pretax Income $43.10M $52.13M $21.64M
YoY Change 323.78% 1210.69% -364.18%
Income Tax $9.818M $10.66M $2.997M
% Of Pretax Income 22.78% 20.44% 13.85%
Net Earnings $33.28M $41.47M $18.64M
YoY Change 234.74% 900.99% -492.4%
Net Earnings / Revenue 24.0% 26.78% 21.3%
Basic Earnings Per Share $0.75 $0.94
Diluted Earnings Per Share $737.3K $0.92 $413.8K
COMMON SHARES
Basic Shares Outstanding 44.27M 44.18K 44.11M
Diluted Shares Outstanding 45.14M 44.91K

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $43.46M $71.47M $21.89M
YoY Change 124.1% 1199.49% 313.04%
Cash & Equivalents $43.46M $71.47M $21.89M
Short-Term Investments
Other Short-Term Assets $3.513M $2.939M $4.626M
YoY Change -28.48% -49.33% -7.48%
Inventory $32.39M $19.54M $15.79M
Prepaid Expenses $2.939M $4.626M
Receivables $52.75M $47.65M $44.45M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $132.1M $141.6M $86.76M
YoY Change 128.71% 147.12% 104.15%
LONG-TERM ASSETS
Property, Plant & Equipment $352.5M $245.9M $227.1M
YoY Change 98.51% 38.4% 25.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.089M $1.892M $491.0K
YoY Change 788.13% -67.93% -39.31%
Total Long-Term Assets $357.6M $264.8M $242.3M
YoY Change 88.89% 44.13% 30.17%
TOTAL ASSETS
Total Short-Term Assets $132.1M $141.6M $86.76M
Total Long-Term Assets $357.6M $264.8M $242.3M
Total Assets $489.7M $406.4M $329.0M
YoY Change 98.2% 68.62% 43.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.96M $40.41M $15.35M
YoY Change 101.6% 147.89% 30.69%
Accrued Expenses $35.35M $23.95M $19.41M
YoY Change 173.06% 123.79% 67.46%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $40.53M $7.133M $7.674M
YoY Change 721.96% 45.57% 57.51%
Total Short-Term Liabilities $110.8M $76.23M $46.66M
YoY Change 200.13% 128.92% 60.27%
LONG-TERM LIABILITIES
Long-Term Debt $58.97M $2.698M $3.339M
YoY Change 1787.1% -83.14% -73.45%
Other Long-Term Liabilities $27.40M $2.411M $2.532M
YoY Change 2637.26% -84.84% 162.38%
Total Long-Term Liabilities $86.37M $5.109M $5.871M
YoY Change 1993.36% -83.98% -56.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $110.8M $76.23M $46.66M
Total Long-Term Liabilities $86.37M $5.109M $5.871M
Total Liabilities $210.0M $154.4M $118.0M
YoY Change 240.66% 131.53% 98.16%
SHAREHOLDERS EQUITY
Retained Earnings $86.04M $47.07M
YoY Change 379.83%
Common Stock $165.9M $164.0M
YoY Change 2.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $279.7M $251.9M $211.1M
YoY Change
Total Liabilities & Shareholders Equity $489.7M $406.4M $329.0M
YoY Change 98.2% 68.62% 43.92%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $33.28M $41.47M $18.64M
YoY Change 234.74% 900.99% -492.4%
Depreciation, Depletion And Amortization $9.783M $8.680M $7.344M
YoY Change 64.28% 41.02% 38.31%
Cash From Operating Activities $31.93M $77.37M $15.58M
YoY Change -1.51% 15404.81% 26.08%
INVESTING ACTIVITIES
Capital Expenditures -$34.07M $19.74M -$11.82M
YoY Change 606.6% 429.99% 179.53%
Acquisitions
YoY Change
Other Investing Activities -$9.738M -$30.15M
YoY Change
Cash From Investing Activities -$43.80M -$19.74M -$41.97M
YoY Change 808.59% 429.99% 892.22%
FINANCING ACTIVITIES
Cash Dividend Paid $4.998M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.90M -7.920M 1.522M
YoY Change 14.11% -362.69% -116.45%
NET CHANGE
Cash From Operating Activities 31.93M 77.37M 15.58M
Cash From Investing Activities -43.80M -19.74M -41.97M
Cash From Financing Activities -15.90M -7.920M 1.522M
Net Change In Cash -27.77M 49.71M -24.87M
YoY Change -303.1% -23657.82% 2120.18%
FREE CASH FLOW
Cash From Operating Activities $31.93M $77.37M $15.58M
Capital Expenditures -$34.07M $19.74M -$11.82M
Free Cash Flow $66.00M $57.63M $27.41M
YoY Change 77.21% -1886.33% 65.2%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q1 dei City Area Code
CityAreaCode
859
CY2022Q1 dei Amendment Flag
AmendmentFlag
false
CY2022Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
40507
CY2022Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001687187
CY2022Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2022Q1 dei Entity Registrant Name
EntityRegistrantName
Ramaco Resources, Inc.
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q4 us-gaap Restricted Cash Asset Statement Of Financial Position Extensible List
RestrictedCashAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherAssetsCurrent
CY2022Q1 us-gaap Restricted Cash Asset Statement Of Financial Position Extensible List
RestrictedCashAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherAssetsCurrent
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
44092981
CY2021Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherAssetsNoncurrent
CY2022Q1 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherAssetsNoncurrent
CY2021Q4 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesCurrent
CY2022Q1 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesCurrent
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
44273388
CY2022Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022Q1 dei Document Type
DocumentType
10-Q
CY2022Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2022Q1 dei Entity File Number
EntityFileNumber
001-38003
CY2022Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
38-4018838
CY2022Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
250 West Main Street, Suite 1800
CY2022Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Lexington
CY2022Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
KY
CY2022Q1 dei Local Phone Number
LocalPhoneNumber
244-7455
CY2022Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022Q1 dei Entity Small Business
EntitySmallBusiness
true
CY2022Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2022Q1 dei Entity Ex Transition Period
EntityExTransitionPeriod
true
CY2022Q1 dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
44273388
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
71472000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
21891000
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
47647000
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
280000
CY2021Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
14000
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1887000
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1055000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
44453000
CY2022Q1 us-gaap Inventory Net
InventoryNet
19543000
CY2021Q4 us-gaap Inventory Net
InventoryNet
15791000
CY2022Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2939000
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
4626000
CY2022Q1 us-gaap Assets Current
AssetsCurrent
141601000
CY2021Q4 us-gaap Assets Current
AssetsCurrent
86761000
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
245930000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
227077000
CY2022Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
12296000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
9128000
CY2022Q1 us-gaap Advance Royalties Noncurrent
AdvanceRoyaltiesNoncurrent
4645000
CY2021Q4 us-gaap Advance Royalties Noncurrent
AdvanceRoyaltiesNoncurrent
5576000
CY2022Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1892000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
491000
CY2022Q1 us-gaap Assets
Assets
406364000
CY2021Q4 us-gaap Assets
Assets
329033000
CY2022Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
40406000
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
15346000
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
23946000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
19410000
CY2022Q1 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
489000
CY2021Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
489000
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
7133000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
7674000
CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
4081000
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
3461000
CY2022Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
175000
CY2022Q1 us-gaap Liabilities Current
LiabilitiesCurrent
76230000
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
46660000
CY2022Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
23223000
CY2021Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
22060000
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2698000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3339000
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
5968000
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
4599000
CY2022Q1 us-gaap Senior Notes
SeniorNotes
32478000
CY2021Q4 us-gaap Senior Notes
SeniorNotes
32363000
CY2022Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
11421000
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
6406000
CY2022Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2411000
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2532000
CY2022Q1 us-gaap Liabilities
Liabilities
154429000
CY2021Q4 us-gaap Liabilities
Liabilities
117959000
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000
CY2021Q1 metc Other Income Expense Employee Retention Credit
OtherIncomeExpenseEmployeeRetentionCredit
2462000
CY2022Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
5015000
CY2021Q1 us-gaap Interest Expense
InterestExpense
202000
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
260000000
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
260000000
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
44273388
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
44092981
CY2022Q1 us-gaap Common Stock Value
CommonStockValue
443000
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
441000
CY2022Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
165451000
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
163566000
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
86041000
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
47067000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
251935000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
211074000
CY2022Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
406364000
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
329033000
CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
154882000
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
43455000
CY2022Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
81253000
CY2021Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
31198000
CY2022Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
235000
CY2021Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
151000
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8680000
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6155000
CY2022Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
11824000
CY2021Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4707000
CY2022Q1 us-gaap Costs And Expenses
CostsAndExpenses
101992000
CY2021Q1 us-gaap Costs And Expenses
CostsAndExpenses
42211000
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
52890000
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1244000
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
366000
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2935000
CY2022Q1 us-gaap Interest Expense
InterestExpense
1130000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
52126000
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3977000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10655000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-166000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
41471000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
4143000
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.94
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44181
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43443
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44908
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43443
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6155000
CY2022Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
121000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
211074000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1887000
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
2497000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
41471000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
251935000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
169095000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1055000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
4143000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
174293000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
41471000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
4143000
CY2022Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
235000
CY2021Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
151000
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8680000
CY2021Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-166000
CY2022Q1 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
3194000
CY2021Q1 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
1444000
CY2022Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-1807000
CY2021Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-1127000
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3752000
CY2021Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
12243000
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
591000
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
220000
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
18653000
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5324000
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
7037000
CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-935000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
77369000
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
499000
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19742000
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3725000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-19742000
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3725000
CY2022Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1337000
CY2021Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
11600000
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
4998000
CY2022Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
2519000
CY2021Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
8208000
CY2022Q1 metc Repayments Of Financed Insurance Payable
RepaymentsOfFinancedInsurancePayable
105000
CY2021Q1 metc Repayments Of Financed Insurance Payable
RepaymentsOfFinancedInsurancePayable
377000
CY2022Q1 metc Repayments Of Financing Leased Equipment
RepaymentsOfFinancingLeasedEquipment
1635000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7920000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
4143000
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3015000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
49707000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-211000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22806000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6710000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72513000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6499000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
903000
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
186000
CY2022Q1 metc Leased Assets Obtained Under New Financing Leases
LeasedAssetsObtainedUnderNewFinancingLeases
3624000
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
13059000
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
913000
CY2022Q1 metc Asset Retirement Obligation Liabilities Incurred Or Assumed
AssetRetirementObligationLiabilitiesIncurredOrAssumed
928000
CY2021Q1 metc Asset Retirement Obligation Liabilities Incurred Or Assumed
AssetRetirementObligationLiabilitiesIncurredOrAssumed
26000
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
1000000.0
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
900000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
80269000
CY2022Q1 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
3600000
CY2022Q1 metc Label Estimated Aggregate Liability For Uninsured Claims Included In Other Noncurrent Liabilities
LabelEstimatedAggregateLiabilityForUninsuredClaimsIncludedInOtherNoncurrentLiabilities
2400000
CY2021Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
3900000
CY2021Q4 metc Label Estimated Aggregate Liability For Uninsured Claims Included In Other Noncurrent Liabilities
LabelEstimatedAggregateLiabilityForUninsuredClaimsIncludedInOtherNoncurrentLiabilities
2400000
CY2022Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;"><i style="font-style:italic;">Concentrations—</i>During the three months ended March 31, 2022, sales to our top four customers accounted for approximately 23%, 18%, 18% and 11% of our total revenue, respectively, aggregating to approximately 70% of our total revenue. The balances due in the aggregate from these four customers at March 31, 2022 was approximately 60% of our total accounts receivable. During the three months ended March 31, 2021, sales to our top two customers accounted for approximately 66% of total revenue. </p>
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
87294000
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
245930000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
227077000
CY2022Q1 us-gaap Depreciation
Depreciation
4754000
CY2021Q1 us-gaap Depreciation
Depreciation
4399000
CY2022Q1 us-gaap Operating Leases Income Statement Depreciation Expense On Property Subject To Or Held For Lease
OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease
714000
CY2022Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
3212000
CY2021Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
1756000
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8680000
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6155000
CY2022Q1 metc Number Of Monthly Installments
NumberOfMonthlyInstallments
P48M
CY2022Q1 us-gaap Lessee Finance Lease Term Of Contract1
LesseeFinanceLeaseTermOfContract1
P36M
CY2022Q1 metc Number Of Operating Leases
NumberOfOperatingLeases
1
us-gaap Operating Lease Expense
OperatingLeaseExpense
20000
CY2022Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
12296000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
9128000
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
25000
CY2022Q1 metc Right Of Use Assets
RightOfUseAssets
12302000
CY2021Q4 metc Right Of Use Assets
RightOfUseAssets
9153000
CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
4081000
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
3461000
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
25000
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
5968000
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
4599000
CY2022Q1 metc Lease Liabilities
LeaseLiabilities
10055000
CY2021Q4 metc Lease Liabilities
LeaseLiabilities
8085000
CY2022Q1 metc Revenue Contract Term
RevenueContractTerm
P1Y
CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
154882000
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
43455000
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.195
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.05
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
41471000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44181
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43443
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44908
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43443
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.94
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
937424

Files In Submission

Name View Source Status
0001558370-22-008756-index-headers.html Edgar Link pending
0001558370-22-008756-index.html Edgar Link pending
0001558370-22-008756.txt Edgar Link pending
0001558370-22-008756-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
metc-20220331.xsd Edgar Link pending
metc-20220331x10q.htm Edgar Link pending
metc-20220331x10q_htm.xml Edgar Link completed
metc-20220331xex31d1.htm Edgar Link pending
metc-20220331xex31d2.htm Edgar Link pending
metc-20220331xex32d1.htm Edgar Link pending
metc-20220331xex32d2.htm Edgar Link pending
metc-20220331xex95d1.htm Edgar Link pending
metc-20220331_cal.xml Edgar Link unprocessable
metc-20220331_def.xml Edgar Link unprocessable
metc-20220331_lab.xml Edgar Link unprocessable
metc-20220331_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending