7Baggers

Ramaco Resources, Inc
(NASDAQ:METC) 

METC stock logo

Ramaco Resources, Inc. produces and sells metallurgical coal. The company's development portfolio includes the Elk Creek project consisting of approximately 20,166 acres of controlled mineral and 25 seams located in southern West Virginia; the Berwind property comprising approximately 31,200 acres o...

Founded: 2011
Full Time Employees: 395
CEO / Founder: Randall W. Atkins 
Sector: Basic Materials
Industry: Coking Coal
Materials
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• Market Cap:
• Exchange:
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 
                                          
      revenue
    		121,613,000 128,007,000 120,996,000 152,959,000 134,656,000 170,892,000 167,411,000 155,315,000 172,676,000 202,729,000 186,966,000 137,469,000 166,360,000 135,227,000 136,925,000 138,655,000 154,882,000 87,505,000 76,377,000 76,057,000 43,455,000 51,146,000 39,459,000 36,374,000 41,935,000 230,028,399 61,380 65,761           
      yoy
    		-9.69% -25.09% -27.73% -1.52% -22.02% -15.70% -10.46% 12.98% 3.80% 49.92% 36.55% -0.86% 7.41% 54.54% 79.28% 82.30% 256.42% 71.09% 93.56% 109.10% 3.62% -77.77% 64186.41% 55212.42%               
      qoq
    		-5.00% 5.79% -20.90% 13.59% -21.20% 2.08% 7.79% -10.05% -14.82% 8.43% 36.01% -17.37% 23.02% -1.24% -1.25% -10.48% 77.00% 14.57% 0.42% 75.02% -15.04% 29.62% 8.48% -13.26% -81.77% 374661.16% -6.66%            
      costs and expenses
    		                                      
      cost of sales
    		108,514,000 107,063,000 101,842,000 134,182,000 114,132,000 136,079,000 134,731,000 122,770,000 139,713,000 139,410,000 144,635,000 99,199,000 110,549,000 95,430,000 79,634,000 76,644,000 81,253,000 51,644,000 54,808,000 57,762,000 31,198,000 48,745,000 35,689,000 30,134,000 30,934,000 162,340,792 44,983  41,006 35,399,316.25 49,406,271 47,860,149 44,330,847      
      asset retirement obligations accretion
    		506,000 461,000 402,000 402,000 402,000 402,000 354,000 354,000 354,000 354,000 349,000 349,000 350,000 -370,000 495,000 755,000 235,000 154,000 156,000 154,000                   
      depreciation, depletion, and amortization
    		16,613,000 16,484,000 17,091,000 17,038,000 17,542,000 16,706,000 17,811,000 15,879,000 15,220,000 14,402,000 14,443,000 13,556,000 11,852,000                          
      selling, general, and administrative
    		20,285,000 19,606,000 16,143,000 15,181,000 14,602,000 11,354,000 12,921,000 10,897,000 14,114,000 11,312,000 11,458,000 14,319,000 11,742,000                          
      total costs and expenses
    		145,918,000 143,614,000 135,478,000 166,803,000 146,678,000 164,541,000 165,817,000 149,900,000 169,401,000 165,478,000 170,885,000 127,423,000 134,493,000 117,106,000 100,236,000 95,968,000 101,992,000 65,004,000 67,610,000 69,036,000 42,211,000 59,498,000 47,041,000 40,673,000 40,794,000         12,563,143.75 20,747,507 14,783,096 14,721,979  
      operating income
    		-24,305,000 -15,607,000 -14,482,000 -13,844,000 -12,022,000 6,351,000 1,594,000 5,415,000 3,275,000 37,251,000 16,081,000 10,046,000 31,867,000 18,121,000 36,689,000 42,687,000 52,890,000 22,501,000 8,767,000 7,021,000 1,244,000 -8,352,000 -7,582,000 -4,299,000 1,141,000 29,504,408 6,452 12,889 8,250 2,025,177 5,803,827 10,646,805 5,620,189 -2,657,044 -6,342,528 -3,709,594 -3,183,707  
      yoy
    		102.17% -345.74% -1008.53% -355.66% -467.08% -82.95% -90.09% -46.10% -89.72% 105.57% -56.17% -76.47% -39.75% -19.47% 318.49% 507.99% 4151.61% -369.41% -215.63% -263.32% 9.03% -128.31% -117613.95% -33454.02% 13730.30% 1356.88% -99.89% -99.88% -99.85% -176.22% -191.51% -387.01% -276.53%      
      qoq
    		55.73% 7.77% 4.61% 15.16% -289.29% 298.43% -70.56% 65.34% -91.21% 131.65% 60.07% -68.48% 75.86% -50.61% -14.05% -19.29% 135.06% 156.66% 24.87% 464.39% -114.89% 10.16% 76.37% -476.77% -96.13% 457190.89% -49.94% 56.23% -99.59% -65.11% -45.49% 89.44% -311.52% -58.11% 70.98% 16.52%   
      operating margin %
    		-19.99% -12.19% -11.97% -9.05% -8.93% 3.72% 0.95% 3.49% 1.90% 18.37% 8.60% 7.31% 19.16% 13.40% 26.79% 30.79% 34.15% 25.71% 11.48% 9.23% 2.86% -16.33% -19.21% -11.82% 2.72% 12.83% 10.51% 19.60% Infinity% Infinity% Infinity% Infinity% Infinity% -Infinity% -Infinity% -Infinity% -Infinity%  
      other income
    		485,000 332,000 125,000 658,000 505,000 1,332,000 -76,000 2,522,000 629,000 3,245,000 11,333,000 2,495,000 1,247,000 856,000 -933,000 2,348,000 366,000 273,000 789,000 3,432,000 2,935,000 470,000 1,743,000 8,504,000 1,210,000 1,756,937 573 194 298 479,574 1,036,418 512,693 489,317      
      interest expense
    		-334,000 -506,000 -2,250,000 -2,818,000 -2,230,000 -1,614,000 -1,696,000 -1,481,000 -1,332,000 -1,629,000 -2,447,000 -2,518,000 -2,309,000 -1,506,000 -2,255,000 -1,937,000 -1,130,000 -1,138,000 -933,000 -283,000 -202,000 -309,000 -344,000 -293,000 -279,000 -1,192,049 -342 -302 -307 -456,882 -589,199 -315,761 -101,159  -21 -212 -22,608  
      income before tax
    		-24,154,000 -15,781,000 -16,607,000 -16,004,000 -13,747,000 6,069,000 -178,000 6,456,000 2,572,000 38,867,000 24,967,000 10,023,000 30,805,000 17,471,000 33,501,000 43,098,000 52,126,000 21,636,000 8,623,000 10,170,000 3,977,000 -8,191,000 -6,183,000 3,912,000 2,072,000 30,069,296 6,683 12,781           
      income tax expense
    		-5,835,000 -1,076,000 -3,299,000 -2,030,000 -4,290,000 2,211,000 61,000 915,000 540,000 8,829,000 5,505,000 2,467,000 5,548,000 3,085,000 6,596,000 9,818,000 10,655,000 2,997,000 1,588,000 228,000 -166,000 -3,446,000 -1,407,000 1,260,000 110,000 5,158,342 1,133 2,168 1,358 -1,335,479 62,873 642,299 743,307      
      net income
    		-18,319,000 -14,705,000 -13,308,000 -13,974,000 -9,457,000 3,858,000 -239,000 5,541,000 2,032,000 30,038,000 19,462,000 7,556,000 25,257,000 14,386,000 26,905,000 33,280,000 41,471,000 18,639,000 7,035,000 9,942,000 4,143,000 -4,745,000 -4,776,000 2,652,000 1,962,000 24,910,954 5,550 10,613 6,883 3,392,959 6,211,328 10,203,436 5,266,277 -2,599,891 -6,235,543 -3,487,971 -3,093,143  
      yoy
    		93.71% -481.16% 5468.20% -352.19% -565.40% -87.16% -101.23% -26.67% -91.95% 108.80% -27.66% -77.30% -39.10% -22.82% 282.44% 234.74% 900.99% -492.81% -247.30% 274.89% 111.16% -119.05% -86154.05% 24888.22% 28405.01% 634.20% -99.91% -99.90% -99.87% -230.50% -199.61% -392.53% -270.26%      
      qoq
    		24.58% 10.50% -4.77% 47.76% -345.13% -1714.23% -104.31% 172.69% -93.24% 54.34% 157.57% -70.08% 75.57% -46.53% -19.16% -19.75% 122.50% 164.95% -29.24% 139.97% -187.31% -0.65% -280.09% 35.17% -92.12% 448746.02% -47.71% 54.19% -99.80% -45.37% -39.13% 93.75% -302.56% -58.31% 78.77% 12.76%   
      net income margin %
    		-15.06% -11.49% -11.00% -9.14% -7.02% 2.26% -0.14% 3.57% 1.18% 14.82% 10.41% 5.50% 15.18% 10.64% 19.65% 24.00% 26.78% 21.30% 9.21% 13.07% 9.53% -9.28% -12.10% 7.29% 4.68% 10.83% 9.04% 16.14% Infinity% Infinity% Infinity% Infinity% Infinity% -Infinity% -Infinity% -Infinity% -Infinity%  
      earnings per common share *
    		                                      
      basic - class a
    		-300 -250 -250 -290 -190 60 -30 80  620 410 30                           
      basic - class b
    		-150 -70 -50 -120 -200 20 60 180 240 250 170                            
      diluted - class a
    		-300 -250 -250 -290 -190 60 -30 80  590 400 30                           
      diluted - class b
    		-150 -70 -50 -120 -200 10 60 180 230 240 160                            
      * refer to notes 7 and 11 for dividends and earnings per common share information
    		                                      
      * refer to notes 6 and 10 for dividends and earnings per common share information
    		                                      
      basic - single class
    		           140                           
      total
    		     60 -30 80  620 410 170                           
      diluted - single class
    		           140                           
      * refer to note 10 for earnings per common share calculations
    		                                      
      earnings per common share
    		                                      
      basic
    		            570 330 610 750 940 420 160 230 100  -110 60 50              
      diluted
    		            570 330 600 740 920 420 160 230 100  -110 60 50              
      basic weighted-average shares outstanding
    		            44,281,000 44,164,000 44,085,000 44,271,000 44,181,000 43,964,000 44,109,000 44,184,000 43,443,000 42,460,000 42,647,000 42,704,000 41,760,000 40,838,000 40,936 40,869  40,039         
      diluted weighted-average shares outstanding
    		            44,692,000 44,702,000 44,543,000 45,135,000 44,908,000 44,257,000 44,465,000 44,184,000 43,443,000 42,460,000 42,647,000 42,704,000 41,760,000 40,838,000 40,936 40,965  40,263         
      depreciation and amortization
    		             7,474,500 11,435,000 9,783,000 8,680,000 7,344,000 6,751,000 5,955,000 6,155,000 5,311,000 5,258,000 5,341,000 5,002,000 19,506,709 5,353 4,822 4,116 3,682,341 3,347,777 2,955,382 2,437,500      
      selling, general and administrative
    		             10,750,000 8,672,000 8,786,000 11,824,000 5,862,000 5,895,000 5,165,000 4,707,000 5,300,000 5,966,000 5,039,000 4,717,000 18,165,873 4,464 4,703 3,960 3,398,207 3,484,395 3,692,254 3,431,144 2,922,567 3,237,682 2,227,116 3,286,585  
      asset retirement obligation accretion
    		                    151,000 142,000 128,000 159,000 141,000 510,617 128 128 128 123,597 123,468 123,467 123,468 101,277 101,276 101,276 101,277  
      cost and expenses
    		                                      
      total cost and expenses
    		                         200,523,991 54,928 52,872 49,210 42,161,880 56,361,911 54,631,252 50,322,959      
      earnings per common share
    		                                      
      basic earnings per share
    		                         0.14 0.14 0.26           
      diluted earnings per share
    		                         0.14 0.14 0.26           
      cost of coal sales
    		                           43,219      22,743,573 14,751,276 9,787,810 9,837,613  
      in thousands, except per share amounts
    		                                      
      revenues
    		                            57,460 45,846,735.75 62,165,738 65,278,057 55,943,148      
      income before taxes
    		                            8,241 5,782,380 6,274,201 10,845,735 6,009,584      
      basic and diluted earnings per share
    		                                      
      basic
    		                            0.17 0.135 0.15 0.25 0.13      
      diluted
    		                            0.17 0.135 0.15 0.25 0.13      
      weighted-average common shares outstanding
    		                                      
      basic
    		                            40,604  40,082,467 40,082,467 39,905,327      
      diluted
    		                            40,652  40,329,309 40,339,749 40,141,652      
      other operating costs and expenses
    		                                 -1,219,619 1,308,400 1,396,690 17,300  
      interest and dividend income
    		                             9,611 23,155 1,998 1,237 -3,899 76,843 100,343 113,172  
      coal sales
    		                                 8,694,769.75 14,404,979 10,522,122 9,851,978  
      coal processing
    		                                 559,418.5  551,380 1,686,294  
      total revenue
    		                                 9,254,188.25 14,404,979 11,073,502 11,538,272  
      cost of coal processing
    		                                   687,151 1,008,299  
      depreciation, depletion and amortization
    		                                 333,745.75 867,968 310,889 156,127  
      professional fees
    		                                 309,208 480,905 272,164 314,778  
      other income and expense
    		                                 35,730.25 30,163 121,492   
      unaudited pro forma basic and fully diluted loss per share
    		                                 -0.088 -0.16 -0.09 -0.1  
                                          
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 
                                           
        assets
      		                                     
        current assets
      		                                     
        cash and cash equivalents
      		355,205,000 440,347,000 193,846,000 28,130,000 43,466,000 33,009,000 22,864,000 27,571,000 30,503,000 41,962,000 42,924,000 33,883,000 36,616,000 35,613,000 46,608,000 43,461,000 71,472,000 21,891,000 46,672,000 19,394,000 5,544,000 5,300,000 6,360,000 9,759,000 15,319,000 5,532,000 5,498,000 5,541,000 1,939,000 6,951,000 5,482,285 5,911,310 7,323,571 5,934,043 9,263,356 2,858,014 13,968,046 
        accounts receivable
      		66,335,000 54,354,000 43,612,000 55,943,000 52,122,000 73,582,000 62,905,000 69,613,000 103,539,000 96,866,000 63,634,000 58,973,000 71,099,000 41,174,000 50,358,000 52,746,000 47,647,000 44,453,000 37,592,000 13,882,000 21,743,000 20,299,000 21,286,000 15,801,000 14,420,000 19,256,000 30,054,000 26,099,000 27,285,000 10,729,000 31,288,010 28,265,692 23,496,089 7,165,487 2,616,727 1,869,930 1,573,996 
        inventories
      		105,546,000 87,155,000 81,574,000 59,310,000 56,123,000 43,358,000 53,051,000 52,396,000 41,280,000 37,163,000 50,242,000 67,425,000 50,971,000 44,973,000 40,028,000 32,388,000 19,543,000 15,791,000 13,880,000 19,575,000 24,190,000 11,947,000 23,288,000 25,455,000 23,458,000 15,261,000 12,644,000 16,593,000 15,027,000 14,185,000 7,950,960 11,294,596 10,131,419 10,057,787    
        prepaid expenses and other
      		15,616,000 15,750,000 9,695,000 11,527,000 12,256,000 17,685,000 7,853,000 11,053,000 7,286,000 13,748,000 12,422,000 17,521,000 19,005,000 25,729,000 4,962,000 3,513,000 2,939,000 4,626,000 4,339,000 4,912,000 5,833,000 4,953,000 3,789,000 3,160,000 4,943,000 4,274,000 3,324,000           
        total current assets
      		542,702,000 597,606,000 328,727,000 154,910,000 163,967,000 167,634,000 146,673,000 160,633,000 182,608,000 189,739,000 169,222,000 177,802,000 177,691,000 147,489,000 141,956,000 132,108,000 141,601,000 86,761,000 102,483,000 57,763,000 57,310,000 42,499,000 54,723,000 54,175,000 58,140,000 44,323,000 51,520,000 49,837,000 46,209,000 35,019,000 48,043,292 48,341,895 44,308,035 29,461,615 37,165,773 57,752,846 78,440,746 
        property, plant, and equipment
      		517,090,000 511,943,000 489,170,000 487,334,000 487,872,000 482,019,000 476,748,000 474,516,000 466,253,000 459,091,000 456,712,000 457,564,000 444,075,000                         
        financing lease right-of-use assets
      		14,998,000 15,763,000 19,808,000 19,683,000 19,679,000 12,437,000 12,014,000 14,265,000 17,148,000 10,282,000 13,201,000 17,363,000 12,443,000 12,905,000 9,839,000 10,913,000 12,296,000 9,128,000 8,897,000 5,750,000                  
        advanced coal royalties
      		6,260,000 5,815,000 5,446,000 4,884,000 5,129,000 4,709,000 3,884,000 3,460,000 3,410,000 2,964,000 3,606,000 3,464,000 3,277,000 3,271,000 3,618,000 2,903,000 4,645,000 5,576,000 5,509,000 5,421,000 5,397,000 4,784,000 4,605,000 3,832,000 3,640,000 3,271,000 3,250,000 3,113,000 3,126,000 3,045,000 3,039,153 2,785,748 2,719,315 2,867,369 2,984,482 2,782,748 2,050,000 
        other
      		10,538,000 9,442,000 6,504,000 7,835,000 9,088,000 7,887,000 6,076,000 6,354,000 4,592,000 3,760,000 3,965,000 4,198,000 3,830,000 2,832,000 3,589,000 2,186,000 1,892,000 491,000 520,000 573,000 540,000 885,000 965,000 949,000 983,000 1,017,000 1,041,000 994,000 116,000 975,000 603,258 361,918 568,631  385,514 218,706 21,841 
        total assets
      		1,091,588,000 1,140,569,000 849,655,000 674,646,000 685,735,000 674,686,000 645,395,000 659,228,000 674,011,000 665,836,000 646,706,000 660,391,000 641,316,000 596,339,000 562,132,000 489,706,000 406,364,000 329,033,000 299,084,000 247,082,000 240,983,000 228,623,000 241,312,000 242,101,000 244,659,000 226,813,000 227,756,000 218,137,000 206,691,000 188,244,000 196,177,594 188,226,849 173,275,475 148,098,031 143,547,102 149,087,956 149,424,390 
        liabilities and stockholders' equity
      		                                     
        liabilities
      		                                     
        current liabilities
      		                                     
        accounts payable
      		57,004,000 41,600,000 41,675,000 56,271,000 59,496,000 48,855,000 53,783,000 47,863,000 59,694,000 51,624,000 51,584,000 49,781,000 49,850,000 34,825,000 30,130,000 34,363,000 40,406,000 15,346,000 21,157,000 16,847,000 16,751,000 11,742,000 11,803,000 8,236,000 13,099,000 10,663,000 13,851,000 16,325,000 15,247,000 16,393,000 22,723,150 20,062,221 28,327,276 19,532,531 14,484,726 16,307,435 10,117,174 
        accrued liabilities
      		43,487,000 54,724,000 58,467,000 47,591,000 53,851,000 61,659,000 48,378,000 58,021,000 49,657,000 52,225,000 46,485,000 38,703,000 33,070,000                         
        current portion of asset retirement obligations
      		997,000 1,797,000 1,035,000 1,035,000 1,035,000 1,035,000 110,000 110,000 110,000 110,000 110,000 29,000 29,000                         
        current portion of long-term debt
      		6,000 56,000 140,000 223,000 307,000 359,000 383,000 7,198,000 28,227,000 56,534,000 28,015,000 25,333,000 29,684,000 35,639,000 30,839,000 6,066,000 7,133,000 7,674,000 5,781,000 4,931,000 4,902,000 4,872,000 4,914,000 4,914,000 3,333,000 3,333,000 5,000,000 5,000,000 5,000,000 5,000,000        
        current portion of financing lease obligations
      		7,625,000 7,281,000 8,966,000 8,239,000 7,307,000 6,218,000 6,134,000 7,145,000 8,541,000 5,456,000 6,312,000 7,366,000 6,114,000 5,969,000 4,776,000 4,465,000 4,081,000 3,461,000 3,057,000 1,748,000                  
        insurance financing liability
      		2,121,000 4,042,000 283,000 428,000 2,365,000 4,302,000  439,000 2,238,000 4,037,000  846,000 2,415,000 4,577,000                        
        total current liabilities
      		111,240,000 109,500,000 110,566,000 113,787,000 124,361,000 122,428,000 108,788,000 120,776,000 148,467,000 169,986,000 142,506,000 142,058,000 151,162,000 162,845,000 150,438,000 110,798,000 76,230,000 46,660,000 45,281,000 36,917,000 33,254,000 29,113,000 27,086,000 27,837,000 28,652,000 26,411,000 30,741,000 31,228,000 29,779,000 29,845,000 45,527,563 44,520,516 41,085,771 22,424,569 17,237,798 17,725,439 14,818,543 
        long-term asset retirement obligations
      		34,270,000 33,122,000 31,208,000 30,806,000 30,454,000 30,052,000                                
        long-term financing lease obligations
      		9,137,000 10,184,000 10,955,000 12,258,000 13,203,000 7,517,000 6,684,000 7,506,000 8,543,000 4,915,000 5,765,000 8,296,000 3,980,000 4,917,000 3,783,000 4,501,000 5,968,000 4,599,000 4,847,000 3,584,000                  
        long-term debt
      		452,063,000 451,361,000     43,141,000 42,155,000 24,739,000 349,000 34,157,000 63,975,000 45,567,000 18,757,000 16,838,000 1,877,000 2,698,000 3,339,000 2,809,000 3,125,000 15,954,000 12,578,000 21,022,000 15,901,000 22,295,000 9,614,000 11,766,000 10,002,000 13,737,000 4,474,000        
        deferred tax liability
      		38,469,000 44,309,000 46,386,000 49,689,000 51,359,000 56,027,000 54,573,000 54,740,000 52,424,000 54,352,000 45,685,000 42,257,000 37,791,000 35,637,000 17,985,000 12,854,000 11,421,000 6,406,000 3,412,000 1,824,000 1,596,000  5,228,000 6,635,000 5,375,000 5,265,000 4,670,000 3,537,000 1,450,000 109,000 1,448,478 1,385,717 708,465     
        other long-term liabilities
      		9,405,000 8,527,000 7,312,000 7,061,000 6,754,000 7,664,000 5,414,000 4,941,000 4,961,000 4,483,000 4,322,000 4,084,000 3,742,000 3,299,000 3,368,000 2,637,000 2,411,000 2,532,000 2,054,000 1,001,000 1,013,000 965,000 982,000 975,000 975,000 854,000 701,000 155,000 182,000         
        total liabilities
      		654,584,000 657,003,000 322,743,000 327,207,000 330,487,000 311,880,000 283,571,000 293,102,000 301,743,000 296,231,000 294,108,000 323,286,000 304,393,000 287,141,000 263,463,000 210,024,000 154,429,000 117,959,000 105,277,000 61,652,000 66,690,000 59,528,000 68,465,000 65,568,000 71,691,000 56,730,000 60,543,000 57,578,000 57,805,000 47,135,000 59,159,090 58,114,359 54,061,107 34,700,745 27,904,798 27,530,115 24,378,578 
        commitments and contingencies
      		                                     
        stockholders' equity
      		                                     
        preferred stock, 0.01 par value...
      		                                     
        class a common stock, 0.01 par value...
      		458,000 445,000 445,000 444,000 444,000 438,000 438,000 437,000 443,000 440,000 439,000 439,000                          
        class b common stock, 0.01 par value...
      		110,000 106,000 104,000 103,000 103,000 95,000 87,000 87,000 88,000 88,000 88,000 88,000                          
        additional paid-in capital
      		470,099,000 483,326,000 509,272,000 314,341,000 306,312,000 292,739,000 281,079,000 276,734,000 279,962,000 277,133,000 275,929,000 272,728,000 171,531,000 168,711,000 166,994,000 164,918,000 165,451,000 163,566,000 162,437,000 161,095,000 159,899,000 158,859,000 157,866,000 156,777,000 155,863,000 154,957,000 153,976,000 152,872,000 151,813,000 150,926,000 150,228,209 149,533,523 148,838,837 148,293,263 147,938,891 147,618,884 147,623,351 
        treasury stock
      		-15,031,000                                     
        retained earnings
      		-18,632,000 -311,000 17,091,000 32,551,000 48,389,000 69,534,000 80,220,000 88,868,000 91,775,000 91,944,000 76,142,000 63,850,000 164,948,000 140,045,000 131,234,000 114,323,000 86,041,000 47,067,000 30,929,000 23,894,000 13,952,000 9,809,000 14,554,000 19,330,000 16,678,000 14,716,000 12,828,000 7,278,000          
        total stockholders' equity
      		437,004,000 483,566,000  347,439,000 355,248,000 362,806,000 361,824,000 366,126,000 372,268,000 369,605,000 352,598,000 337,105,000 336,923,000 309,198,000 298,669,000 279,682,000 251,935,000 211,074,000 193,807,000 185,430,000 174,293,000 169,095,000 172,847,000 176,533,000 172,968,000 170,083,000 167,213,000  148,886,000  137,018,504 130,112,490 119,214,368     
        total liabilities and stockholders' equity
      		1,091,588,000 1,140,569,000  674,646,000 685,735,000 674,686,000 645,395,000 659,228,000 674,011,000 665,836,000 646,706,000 660,391,000 641,316,000 596,339,000 562,132,000 489,706,000 406,364,000 329,033,000 299,084,000 247,082,000 240,983,000 228,623,000 241,312,000 242,101,000 244,659,000 226,813,000 227,756,000 218,137,000 206,691,000 188,244,000 196,177,594 188,226,849 173,275,475     
        long-term equipment loans
      		     57,000                                
        liabilities and stockholders’ equity
      		                                     
        long-term borrowings on revolving credit facility
      		   25,000,000 16,000,000                                 
        senior notes
      		  116,316,000 88,606,000 88,356,000 88,135,000 33,646,000 33,529,000 33,412,000 33,296,000 33,178,000 33,061,000 32,945,000 32,830,000 32,712,000 32,594,000 32,478,000 32,363,000 32,245,000                   
        stockholders’ equity
      		                                     
        total stockholders’ equity
      		  526,912,000                                   
        total liabilities and stockholders’ equity
      		  849,655,000                                   
        asset retirement obligations
      		      31,325,000 29,455,000 29,197,000 28,850,000 28,495,000 29,555,000 29,206,000 29,000 484,000 484,000 489,000 489,000 1,161,000 334,000 395,000 46,000 1,044,000 702,000 361,000 19,000 734,000 513,000 292,000 71,000 734,188 512,997 291,806 70,616 1,195,337 1,032,388 863,092 
        current portion of related party debt
      		          10,000,000 20,000,000 30,000,000 40,000,000 35,000,000 30,000,000                      
        common stock, 0.01 par value...
      		            444,000 442,000 441,000 441,000 443,000 441,000 441,000 441,000 442,000 427,000 427,000 426,000 427,000 410,000 409,000 409,000 408,000 401,000 400,825 400,825 400,825 395,594    
        * common stock was reclassified to class a common stock during q2 2023. refer to note 9.
      		                                     
        * common stock was reclassified to class a common stock during q2 2023. refer to note 6.
      		                                     
        ​
      		                                     
        in thousands, except per-share amounts
      		          2,023,000 2,023,000 2,023,000  2,022,000 2,022,000 2,022,000  2,021,000 2,021,000 2,021,000  2,020,000               
        revenue
      		          186,966,000 137,469,000 166,360,000  136,925,000 138,655,000 154,882,000  76,377,000 76,057,000 43,455,000  39,459,000 36,374,000              
        costs and expenses
      		                                     
        cost of sales
      		          144,635,000 99,199,000 110,549,000  79,634,000 76,644,000 81,253,000  54,808,000 57,762,000 31,198,000  35,689,000 30,134,000     41,006,000  49,406,271 47,860,149 44,330,847     
        asset retirement obligations accretion
      		          349,000 349,000 350,000  495,000 755,000 235,000  156,000 154,000                  
        depreciation, depletion, and amortization
      		          14,443,000 13,556,000 11,852,000                         
        selling, general, and administrative
      		          11,458,000 14,319,000 11,742,000                         
        total costs and expenses
      		          170,885,000 127,423,000 134,493,000  100,236,000 95,968,000 101,992,000  67,610,000 69,036,000 42,211,000  47,041,000 40,673,000              
        operating income
      		          16,081,000 10,046,000 31,867,000  36,689,000 42,687,000 52,890,000  8,767,000 7,021,000 1,244,000  -7,582,000 -4,299,000     8,250,000  5,803,827 10,646,805 5,620,189     
        other income
      		          11,333,000 2,495,000 1,247,000  -933,000 2,348,000 366,000  789,000 3,432,000 2,935,000  1,743,000 8,504,000     298,000  1,036,418 512,693 489,317     
        interest expense
      		          -2,447,000 -2,518,000 -2,309,000  -2,255,000 -1,937,000 -1,130,000  -933,000 -283,000 -202,000  -344,000 -293,000     -307,000  -589,199 -315,761 -101,159     
        income before tax
      		          24,967,000 10,023,000 30,805,000  33,501,000 43,098,000 52,126,000  8,623,000 10,170,000 3,977,000  -6,183,000 3,912,000              
        income tax expense
      		          5,505,000 2,467,000 5,548,000  6,596,000 9,818,000    228,000    1,260,000     1,358,000  62,873 642,299 743,307     
        net income
      		          19,462,000 7,556,000 25,257,000  26,905,000 33,280,000 41,471,000  7,035,000 9,942,000 4,143,000  -4,776,000 2,652,000     6,883,000  6,211,328 10,203,436 5,266,277     
        earnings per common share *
      		                                     
        basic - single class
      		           140                          
        basic - class a
      		          410 30                          
        total
      		          410 170                          
        basic - class b
      		          170                           
        diluted - single class
      		           140                          
        diluted - class a
      		          400 30                          
        diluted - class b
      		          160                           
        * refer to note 10 for earnings per common share calculations
      		                                     
        earnings per common share
      		                                     
        basic
      		            570  610 750 940  160 230 100  -110 60     170  0.15 0.25 0.13     
        diluted
      		            570  600 740 920  160 230 100  -110 60     170  0.15 0.25 0.13     
        basic weighted-average shares outstanding
      		            44,281,000  44,085,000 44,271,000 44,181,000  44,109,000 44,184,000 43,443,000  42,647,000 42,704,000              
        diluted weighted-average shares outstanding
      		            44,692,000  44,543,000 45,135,000 44,908,000  44,465,000 44,184,000 43,443,000  42,647,000 42,704,000              
        property, plant and equipment
      		             429,842,000 403,130,000 341,596,000 245,930,000 227,077,000 181,675,000 177,575,000         156,343,000  144,470,229 136,574,558 125,825,988 115,450,841    
        accrued expenses
      		             41,806,000 49,209,000 35,350,000 23,946,000 19,410,000 14,081,000 12,946,000 10,721,000 11,591,000 9,325,000 12,752,000 11,484,000 11,740,000 11,156,000 9,390,000 9,124,000 8,094,000 6,630,213 8,824,787 6,107,123 2,821,422 1,557,735 385,616 2,294,485 
        other current liabilities
      		               70,000 175,000 280,000 44,000 111,000 485,000 862,000                
        long-term related party debt
      		              10,000,000 20,000,000                      
        depreciation and amortization
      		              11,435,000 9,783,000 8,680,000  6,751,000 5,955,000 6,155,000  5,258,000 5,341,000     4,116,000  3,347,777 2,955,382 2,437,500     
        selling, general and administrative
      		              8,672,000 8,786,000 11,824,000  5,895,000 5,165,000 4,707,000  5,966,000 5,039,000     3,960,000  3,484,395 3,692,254 3,431,144     
        income tax benefit
      		                10,655,000  1,588,000    -1,407,000               
        in thousands, except share and per-share amounts
      		                                     
        property, plant and equipment – net
      		                    177,736,000 180,455,000 181,019,000 183,145,000 181,896,000 178,202,000 171,945,000 164,193,000  149,205,000        
        asset retirement obligation accretion
      		                    151,000  128,000 159,000     128,000  123,468 123,467 123,468     
        income tax (benefit) expense
      		                    -166,000                 
        current assets:
      		                                     
        deferred tax
      		                     1,762,000                
        deferred income
      		                       1,139,000              
        in thousands, except per share amounts
      		                       2,020,000              
        prepaid expenses
      		                           1,604,000 1,958,000 3,154,000 3,322,037 2,870,297 3,356,956 1,104,437 1,473,838 766,989 1,075,826 
        total equity
      		                           160,559,000  141,109,000    113,397,286 115,642,304 121,557,841 125,045,812 
        other assets
      		                            1,013,000  624,920 524,648 422,137 318,206    
        accumulated deficit
      		                            -3,335,000 -10,218,000 -13,610,530 -19,821,858 -30,025,294     
        revenues
      		                            57,460,000  62,165,738 65,278,057 55,943,148     
        cost and expenses
      		                                     
        total cost and expenses
      		                            49,210,000  56,361,911 54,631,252 50,322,959     
        income before taxes
      		                            8,241,000  6,274,201 10,845,735 6,009,584     
        basic and diluted earnings per share
      		                                     
        weighted-average common shares outstanding
      		                                     
        short-term investments
      		                                 5,199,861 19,859,952 49,842,881 59,652,571 
        financed insurance payable
      		                             287,000        
        notes payable
      		                              14,836,754 14,758,593      
        other operating costs and expenses
      		                                     
        interest and dividend income
      		                              23,155 1,998 1,237     
        note payable
      		                                5,790,935     
        long-term investments
      		                                    5,199,278 
        deferred offering costs
      		                                     
        liabilities and equity
      		                                     
        distributions payable
      		                                    1,499,840 
        note payable - ramaco coal, llc
      		                                     
        series a preferred units
      		                                     
        equity
      		                                     
        contributed capital
      		                                     
        accumulated losses
      		                                 -35,291,571 -32,691,680 -26,456,136 -22,968,165 
        total liabilities and equity
      		                                 148,098,031 143,547,102 149,087,956 149,424,390 
        inventory
      		                                  3,951,900 2,415,032 2,170,307 
        property, plant and equipment - net
      		                                  103,011,333 88,333,656 63,712,525 
        preferred stock, 50,000,000 shares authorized, none outstanding
      		                                     
        common stock
      		                                  395,093 395,093 390,626 
        note payable - ramaco carbon, llc
      		                                     
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 
                                             
          cash flows from operating activities:
        		                                     
          net income
        		-18,319,000 -14,705,000 -13,310,000 -13,974,000 -9,457,000 3,858,000 -239,000 5,541,000 2,032,000 30,038,000 19,462,000 7,556,000 25,257,000 14,386,000 26,905,000 33,280,000 41,471,000 18,639,000 7,035,000 9,942,000 4,143,000 -4,745,000 -4,776,000 2,652,000 1,962,000 1,888,000 5,550,000 10,613,000 6,883,000 3,392,959 6,211,328 10,203,436 5,266,277     
          adjustments to reconcile net income to net cash from operating activities:
        		                                     
          accretion of asset retirement obligations
        		506,000 461,000 402,000 402,000 402,000 402,000 354,000 355,000 354,000 354,000 349,000 350,000 350,000 -370,000 495,000 755,000 235,000 154,000 156,000 154,000 151,000 142,000 128,000 159,000 141,000 128,000 127,000 128,000 128,000 123,597 123,468 123,467 123,468 101,277 202,553 -1 101,277 
          depreciation, depletion, and amortization
        		16,613,000 16,484,000 17,091,000 17,038,000 17,542,000 16,706,000 17,811,000 15,878,000 15,220,000 14,402,000 14,443,000 13,555,000 11,852,000                         
          amortization of debt issuance costs
        		924,000 1,132,000 868,000 358,000 353,000 270,000 223,000 234,000 207,000 210,000 209,000 208,000 149,000 124,000 124,000 122,000 121,000 118,000 67,000 15,000 14,000 15,000 14,000 15,000 14,000 15,000 15,000 14,000 14,000 162,956 218,911 138,758 48,375     
          stock-based compensation
        		4,908,000 4,725,000 4,731,000 4,752,000 3,361,000 4,211,000 3,970,000 4,583,000 4,702,000 3,199,000 3,201,000 3,568,000 2,937,000 2,030,000 2,019,000 2,286,000 1,887,000 1,341,000 1,342,000 1,522,000 1,055,000 1,021,000 1,090,000 1,106,000 923,000 1,002,000   894,000         
          loss on disposal of assets
        		-448,000                                     
          deferred income taxes
        		-5,840,000 -2,077,000 -3,303,000 -1,670,000 -4,668,000 1,454,000 -167,000 2,316,000 -1,928,000 8,666,000 3,428,000 4,466,000 2,154,000 17,650,000 5,131,000 1,433,000 5,015,000 2,994,000 1,588,000 228,000 -166,000 -3,466,000 -1,407,000 1,260,000 110,000 595,000 1,132,000           
          changes in operating assets and liabilities:
        		                                     
          accounts receivable
        		-11,981,000 -10,742,000 12,331,000 -3,821,000 21,460,000 -10,677,000 6,708,000 33,926,000 -6,673,000 -33,232,000 -4,661,000 12,126,000 -29,925,000 9,184,000 2,388,000 -5,099,000 -3,194,000 -6,861,000 -23,710,000 7,861,000 -1,444,000 987,000 -5,485,000 -1,381,000 4,836,000 10,798,000 -3,955,000 1,186,000 -16,556,000 20,559,523 -3,022,318 -4,769,603 -16,330,602 -4,548,760 -1,406,052   
          prepaid expenses and other current assets
        		297,000 4,069,000 1,832,000 729,000 5,429,000 -4,026,000 3,200,000 -3,767,000 6,462,000 4,246,000 5,009,000 327,000 4,779,000 -15,620,000 -230,000 -335,000 1,807,000 -92,000 887,000 3,597,000 1,127,000 356,000 -599,000 1,783,000 -554,000 893,000            
          inventories
        		-18,391,000 -5,581,000 -22,264,000 -3,187,000 -12,765,000 9,693,000 -655,000 -11,116,000 -4,117,000 13,079,000 17,183,000 -16,454,000 -5,998,000 -4,945,000 -7,640,000 -12,845,000 -3,752,000 -1,911,000 5,695,000 4,615,000 -12,243,000 11,341,000 2,167,000 -1,997,000 -8,197,000 -2,617,000 3,949,000 -1,566,000 -842,000 -6,233,827 3,343,636 -1,163,177 -73,632    -651,669 
          other assets and liabilities
        		-673,000 -2,884,000 504,000 464,000 -1,253,000 -478,000 211,000 -2,221,000 -494,000 386,000 141,000 -134,000 -823,000 1,036,000 -1,172,000 1,854,000 -591,000 364,000 1,018,000 -38,000 -220,000 -116,000 -782,000 -158,000 -214,000 55,000   144,000  -100,272    -150,299 -221,502 7,641 
          accounts payable
        		12,896,000 -6,392,000 -11,141,000 -2,318,000 9,809,000 -7,410,000 7,966,000 -11,691,000 6,301,000 5,296,000 6,223,000 -872,000 13,902,000 295,000 2,372,000 -8,593,000 18,653,000 -9,335,000 2,953,000 -762,000 5,324,000 -656,000 3,086,000 -2,326,000 2,649,000 -2,022,000 -1,170,000 38,000 -4,159,000 -6,756,807 3,895,395 -7,221,258 8,561,670 13,208,002 -3,710,454 10,670,494 -4,632,988 
          accrued liabilities
        		-15,096,000 -2,897,000 10,818,000 -3,033,000 -4,174,000 1,679,000 -2,001,000 371,000 3,145,000 196,000 7,887,000 5,456,000 -3,272,000                         
          net cash from operating activities
        		-34,604,000 -18,369,000 -1,441,000 -4,260,000 26,039,000 15,682,000 37,381,000 34,414,000 25,188,000 41,560,000 69,898,000 28,216,000 21,362,000 29,071,000 49,498,000 31,932,000 77,369,000 15,583,000 4,835,000 32,423,000 499,000 12,365,000 -5,886,000 417,000 6,416,000 16,754,000 12,514,000 19,005,000 -5,891,000 15,564,514 12,362,803 4,674,322 3,436,361 3,768,403 -12,395,830 6,068,604 -6,194,204 
          cash flows from investing activities:
        		                                     
          capital expenditures
        		-17,495,000 -12,642,000 -16,100,000 -15,566,000 -18,473,000 -9,604,000 -12,799,000 -14,103,000 -18,730,000 -17,980,000 -16,908,000 -24,470,000 -23,546,000 -31,628,000 -37,577,000 -34,065,000 -19,742,000 -11,824,000 -9,091,000 -4,826,000 -3,725,000 -4,238,000 -2,496,000 -9,119,000 -8,900,000 -11,679,000 -14,306,000 -11,538,000 -8,199,000 -8,253,998 -12,405,268 -14,708,770 -12,768,964 -21,757,807 -28,787,366 -13,046,128 -11,447,432 
          free cash flows
        		-52,099,000 -31,011,000 -17,541,000 -19,826,000 7,566,000 6,078,000 24,582,000 20,311,000 6,458,000 23,580,000 52,990,000 3,746,000 -2,184,000 -2,557,000 11,921,000 -2,133,000 57,627,000 3,759,000 -4,256,000 27,597,000 -3,226,000 8,127,000 -8,382,000 -8,702,000 -2,484,000 5,075,000 -1,792,000 7,467,000 -14,090,000 7,310,516 -42,465 -10,034,448 -9,332,603 -17,989,404 -41,183,196 -6,977,524 -17,641,636 
          capitalized interest
        		-327,000 -270,000 -226,000 -186,000 -527,000                                 
          other
        		805,000 323,000 442,000 1,235,000 -1,416,000 -737,000 0 5,000 -23,000  2,976,000                           
          net cash from investing activities
        		-17,017,000 -27,522,000 -19,788,000 -14,099,000 -22,256,000 -12,733,000 -18,119,000 -21,318,000 -18,665,000 -14,445,000 -13,932,000 -21,470,000 -22,364,000 -33,871,000 -48,292,000 -43,803,000 -19,742,000 -41,971,000 -9,091,000 -4,826,000 -3,725,000     -11,679,000 -14,306,000 -11,538,000 -8,199,000 -8,253,859 -12,405,268 -14,708,770 -7,569,103 -7,097,716 -3,219,462 6,377,664 -15,862,256 
          cash flows from financing activities:
        		                                     
          proceeds from borrowings
        		 0 5,000,000 28,000,000 19,000,000 5,000,000 40,000,000 45,000,000 51,500,000 35,000,000 17,500,000 32,500,000 45,000,000 25,000,000 15,663,000 0 1,337,000 3,823,000 36,445,000 2,500,000 11,600,000 4,500,000 16,100,000 7,243,000 22,200,000 15,700,000 13,750,000 17,800,000 26,500,000         
          repayment of borrowings
        		-50,000 -87,000 -30,086,000 -19,086,000 -3,110,000 -48,045,000 -45,892,000 -48,612,000 -55,417,000 -40,289,000 -44,637,000 -18,443,000 -24,145,000 -8,960,000 -7,659,000 -6,888,000 -2,519,000 -1,400,000   -8,208,000 -13,001,000 -10,993,000 -12,071,000 -9,533,000 -19,534,000 -12,001,000           
          purchase of treasury shares
        		-11,929,000                                     
          payment of dividends
        		 0 0 -1,864,000 -2,476,000 -128,000 -7,971,000 -8,184,000 -8,319,000 -7,771,000 -6,941,000 -5,552,000 -5,556,000 -5,045,000 -5,000,000 -4,998,000 -4,998,000                     
          repayments of insurance financing
        		-1,921,000 -3,257,000 -145,000 -1,937,000 -1,937,000 -1,508,000 -434,000 -1,799,000 -1,799,000 -1,359,000 -847,000 -1,568,000 -1,433,000                         
          repayments of equipment finance leases
        		-1,741,000 -3,456,000 -2,895,000 -2,090,000 -2,056,000 -1,896,000 -2,230,000 -2,433,000 -2,077,000 -1,705,000 -1,856,000 -1,352,000 -1,746,000                         
          payment of debt issuance costs
        		-265,000 -1,712,000                             -140,750 -171,100 -257,440     
          shares surrendered for withholding taxes payable
        		-17,616,000 2,000 -811,000 0 -2,680,000 -735,000 -7,976,000 0 -1,870,000 -1,994,000 -144,000 -5,064,000 -115,000                         
          net cash from financing activities
        		-33,522,000 292,399,000 186,945,000   7,191,000 -23,969,000 -16,028,000 -17,982,000 -28,118,000 -46,925,000 -9,479,000 2,005,000 -6,629,000 1,949,000 -15,895,000 -7,920,000 1,522,000 31,757,000 -13,925,000 3,015,000 -9,255,000 5,013,000 3,142,000 12,386,000 -4,137,000 1,749,000 -3,865,000 9,078,000 -5,841,897 -386,560 8,622,187 5,522,270 0 30,791,766 -32,327,432 30,827,592 
          net change in cash and cash equivalents and restricted cash
        		-85,143,000 246,508,000 165,716,000 -15,336,000 10,457,000 10,140,000 -4,707,000 -2,932,000 -11,459,000 -1,003,000 9,041,000 -2,733,000 1,003,000 -11,429,000 3,155,000 -27,766,000 49,707,000 -24,866,000 27,501,000 13,672,000 -211,000 -1,128,000 -3,369,000 -5,560,000 9,902,000             
          cash and cash equivalents and restricted cash, beginning of period
        		441,168,000 0 0 0 33,823,000 0 0 0 42,781,000 0 0 0 36,473,000 0 0 0 22,806,000 0 0 0 6,710,000 0 0 0 6,865,000             
          cash and cash equivalents and restricted cash, end of period
        		356,025,000 246,508,000 165,716,000 -15,336,000 44,280,000 10,140,000 -4,707,000 -2,932,000 31,322,000 -1,003,000 9,041,000 -2,733,000 37,476,000 -11,429,000 3,155,000 -27,766,000 72,513,000 -24,866,000 27,501,000 13,672,000 6,499,000 -1,128,000 -3,369,000 -5,560,000 16,767,000             
          cash and cash equivalents
        		355,205,000 246,501,000                                    
          restricted cash
        		820,000 7,000                                    
          total cash, cash equivalents and restricted cash
        		356,025,000 246,508,000                                    
          supplemental cash flow information:
        		                                     
          cash paid for interest
        		2,320,000             1,317,000 2,040,000 1,737,000 903,000 749,000 433,000 233,000 186,000 275,000 288,000 290,000 242,000 178,000 253,000           
          non-cash investing and financing activities:
        		                                     
          leased assets under financing leases
        		1,014,000                                     
          capital expenditures included in accounts payable and accrued liabilities
        		15,842,000 4,607,000 -3,497,000 -907,000 13,060,000 7,863,000 -1,984,000 -140,000 6,708,000 -5,971,000 -3,705,000 803,000 13,812,000                         
          accrued purchase of treasury shares
        		3,102,000                                     
          accrued dividends and dividend equivalents payable
        		314,000 723,000 2,000 0 32,000 6,350,000 438,000 264,000 33,000                             
          other income - gain on insurance recoveries
        		                                     
          land and mineral acquisition
        		                                     
          acquisition of maben assets
        		         0                            
          insurance proceeds related to property, plant, and equipment
        		                                     
          maben preparation plant capital expenditures
        		 231,000 -526,000 418,000 -1,840,000 -1,318,000 -4,986,000                               
          proceeds from equity offering
        		 0                                    
          payment of equity offering costs
        		 167,000                                   -1,755,685 
          proceeds from long-term debt issuances
        		                                     
          purchase of capped calls
        		                                     
          repayments of senior notes
        		 0                                    
          repayment of ramaco coal acquisition financing - related party
        		         -10,000,000 -10,000,000 -10,000,000 -10,000,000                         
          proceeds from stock options exercised
        		 0    0                                
          cash paid for income taxes
        		                                     
          cash received for income tax refund
        		                                     
          financed insurance
        		         5,396,000 1,000 -1,000 407,000                         
          loss on disposal of equipment
        		                                     
          mineral rights acquisition
        		                                     
          proceeds from senior notes
        		                                     
          leased assets obtained under new financing leases
        		  2,319,000 2,077,000 8,831,000 2,813,000 398,000 -1,000 8,790,000 0 -1,730,000 6,920,000 954,000 3,629,000 635,000 0 3,624,000 845,000 3,416,000                   
          payments of debt issuance costs
        		   0 -67,000                                 
          tax liability on shares surrendered by employees
        		                                     
          net cash from (used) for financing activities
        		    6,674,000                                 
          other income - gain on sale of mineral rights
        		             0 0                       
          acquisition of ramaco coal assets
        		             0 0                       
          proceeds from sale of mineral rights
        		             0 0                       
          proceeds from issuance of senior note debt
        		                                     
          financed equipment purchases
        		             679,000                        
          ramaco coal acquisition financing
        		                                     
          maben coal acquisition financing
        		                                     
          the accompanying notes are an integral part of these consolidated financial statements
        		                                     
          other income - employee retention tax credit
        		                 0 -91,000 -2,854,000 -2,462,000                 
          acquisition of amonate assets
        		                                     
          payments of debt issuance cost
        		                 0                    
          accrued dividends payable
        		         6,465,000 229,000   530,000                        
          other income
        		          -2,976,000                           
          cash flow from investing activities:
        		                                     
          maben acquisition bond recovery
        		           0 1,182,000                         
          accrued dividends payable adjustment
        		            322,000                         
          other income - ppp loan
        		                     0 -1,139,000               
          accrued expenses
        		             -6,751,000 7,671,000 11,404,000 7,037,000 2,828,000 1,144,000 2,188,000 -935,000 2,175,000 -3,441,000 1,268,000 -256,000 584,000 1,767,000 264,000 1,031,000 1,464,401 -2,194,575 2,717,664 3,563,510 985,878 2,291,700 -3,028,450 1,119,581 
          acquisition of maben coal assets
        		                                     
          proceeds from ppp loan
        		                     0 0               
          cash paid for taxes
        		             0 2,500,000                       
          capital expenditures included in accounts payable and accrued expenses
        		             4,400,000 -6,605,000 2,550,000 13,059,000 3,524,000 1,357,000 858,000 913,000 595,000 481,000 -2,537,000 2,689,000 -1,166,000            
          depreciation and amortization
        		              11,435,000 9,783,000 8,680,000 7,344,000 6,751,000 5,955,000 6,155,000 5,311,000 5,258,000 5,341,000 5,002,000 5,230,000 5,353,000 4,822,000 4,116,000 3,682,341 3,347,777 2,955,382 2,437,500     
          proceeds from stock option exercises
        		                                     
          repayments of financed insurance payable
        		              -70,000 -105,000 -105,000 0 -111,000 -374,000 -377,000 -726,000 -94,000 -281,000 -281,000 -283,000 0 -116,000 -171,000 -316,187 -245,810 -206,713 -220,290 0   -91,224 
          repayments of financing leased equipment
        		              -1,042,000 -1,083,000 -1,635,000 -689,000 -844,000                   
          restricted stock surrendered for withholding taxes payable
        		              -50,000   -212,000 0   -28,000 0               
          ramaco coal acquisition
        		              0                       
          maben coal acquisition
        		                                     
          additional asset retirement obligations incurred
        		              2,974,000 780,000 928,000 6,605,000 90,000 119,000 26,000 -86,000 155,000 8,000 9,000 277,000            
          purchases of property, plant and equipment
        		                 -11,824,000 -9,091,000 -4,826,000 -3,725,000 -4,238,000 -2,496,000 -9,119,000 -8,900,000 -11,679,000 -14,306,000 -11,538,000 -8,199,000 -8,253,998 -12,405,268 -14,708,770 -12,768,964 -21,757,807 -28,787,366 -13,046,128 -11,447,432 
          dividend accrued not paid
        		                                     
          cash flows from operating activities
        		                                     
          cash flows from financing activities
        		                                     
          repayments of borrowings
        		                            -17,251,000         
          proceeds from maturities of investment securities
        		                             139 0 0 5,199,861 -253,733 40,481,728 4,509,968 10,499,000 
          proceeds from notes payable - related party
        		                                     
          repayment of notes payable - related party
        		                                     
          proceeds from issuance of common stock
        		                                 0   47,709,000 
          payments of equity offering costs
        		                                     
          repayments to ramaco coal, llc
        		                                 0    
          payment of distributions
        		                                 0 -3,905,224 2,405,384 -3,905,224 
          advanced coal royalties
        		                          -137,000 13,000 -81,000  -253,405    -201,734   
          net change in cash and cash equivalents
        		                          -43,000 3,602,000 -5,012,000 1,468,758 -429,025 -1,412,261 1,389,528 -3,329,313 15,176,474 -19,881,164 8,771,132 
          cash and cash equivalents, beginning of period
        		                          0 0 6,951,000  0 0 5,934,043  -8,771,132 8,771,132 5,196,914 
          cash and cash equivalents, end of period
        		                          -43,000 3,602,000 1,939,000  -429,025 -1,412,261 7,323,571  6,405,342 -11,110,032 13,968,046 
          equity-based compensation
        		                             697,823   550,805 354,873   2,145,333 
          prepaid expenses
        		                           354,000 1,196,000 167,529 35,410 486,659 -1,463,598 369,401 -1,393,754 995,742 -686,905 
          other assets
        		                                44,123     
          additional asset retirement obligations acquired or incurred
        		                                     
          adjustments to reconcile net income to net cash from operating activities
        		                                     
          deferred income tax expense
        		                            1,341,000  62,762 677,252 708,465     
          changes in operating assets and liabilities
        		                                     
          cash flow from investing activities
        		                                     
          costs associated with abandoned offering
        		                                     
          acquisition of knox creek
        		                                     
          purchase of investment securities
        		                                    -14,913,824 
          proceeds from notes payable
        		                             0 0 7,000,000 6,000,000     
          repayment of notes payable
        		                                     
          proceeds from issuance of series a preferred units
        		                                     
          offering costs for series a preferred units
        		                                     
          advances from ramaco coal, llc
        		                                     
          contributed capital from members
        		                                     
          cash and cash equivalents, beginning of year
        		                                     
          cash and cash equivalents, end of year
        		                                     
          proceeds from notes payable to related party
        		                              0       
          repayment of note payable
        		                              0       
          payment of note payable
        		                                 0   -500,000 
          net loss
        		                                 -2,599,891 -9,328,687 -394,828 -3,093,143 
          adjustments to reconcile net loss to net cash from operating activities:
        		                                     
          proceeds from withdrawal of investments restricted for surety bond
        		                                     
          depreciation, depletion and amortization
        		                                  1,024,094 154,762 156,127 
          inventory
        		                                  -2,188,537   
          purchases of investment securities
        		                                     
          issuance of series a preferred units
        		                                     
          proceeds from note payable - related party
        		                                     
          contributed capital from existing members
        		                                     
          repayments to ramaco carbon, llc
        		                                    -10,629,275 
          accounts and notes receivable
        		                                    -659,458 
          advances from ramaco carbon, llc
        		                                     
          contributed capital from existing member
        		                                     
          contributed capital from new member