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Core Natural Resources Announces Leadership Change
Prnewswire· 2025-10-08 11:55
Brock was elected CEO and board member of CONSOL Energy in 2017 and added the role of chairman to his CONSOL Energy responsibilities in 2024. During his more than 40 years in the industry, he has held the positions of chief operating officer, superintendent, longwall coordinator, and mine foreman. He currently serves as board chair of America's Power and the Pennsylvania Coal Alliance, and is a member of the executive committee (and past board chair) of the National Mining Association. He is also a past boa ...
Core Natural Resources to Announce Second Quarter 2025 Results on August 5
Prnewswire· 2025-07-22 12:00
Company Overview - Core Natural Resources, Inc. (NYSE: CNR) is a leading producer of high-quality metallurgical and thermal coals for the global market [4] - The company operates a portfolio of large-scale, low-cost longwall mines, including the Pennsylvania Mining Complex, Leer, Leer South, and West Elk mines, as well as the Black Thunder surface mine [4] - Core plays a crucial role in meeting the global demand for steel, infrastructure, and energy, while also supporting the U.S. power generation sector [4] - The company was formed in January 2025 through the merger of CONSOL Energy and Arch Resources [4] Financial Results Announcement - Core will discuss its second quarter 2025 financial results in an investor conference call scheduled for August 5, 2025, at 10:00 a.m. Eastern time [1] - The earnings release will be distributed via PR Newswire before the market opens on August 5 and will be available on the company's website [3] Conference Call Access - Participants can access the conference call by dialing 800-836-8184 or +1 646-357-8785 for international calls, with no passcode required [2] - The call will also be webcast and available in the "investor" section of the Core website, with a replay accessible afterward [2]
Ramaco Resources (METC) Moves 6.1% Higher: Will This Strength Last?
ZACKS· 2025-06-30 15:00
Company Overview - Ramaco Resources (METC) shares increased by 6.1% to close at $12.2, with a notable trading volume, reflecting a 26.2% gain over the past four weeks [1] - The company is well-positioned due to its high-quality met coal production, primarily utilized in steel making, supported by robust infrastructure and a diversified customer base [2][3] Financial Performance - Ramaco is expected to report a quarterly loss of $0.25 per share, a significant year-over-year decline of 412.5%, with revenues projected at $129.29 million, down 16.8% from the previous year [4] - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, indicating a lack of upward earnings estimate revisions [5] Competitive Advantage - The company's favorable reserve geology allows for low cash production costs per ton, providing a competitive edge in the market [3] - Ramaco's extensive experience in acquiring, developing, financing, and operating coal assets enhances its operational efficiency and long-term value [3] Industry Context - Ramaco Resources is part of the Zacks Coal industry, where another company, Alliance Resource Partners (ARLP), has seen a 0.4% increase in its stock price, but has returned -2.4% over the past month [5] - Alliance Resource Partners is expected to report an EPS of $0.61, reflecting a year-over-year decline of 22.8% [6]
Ramaco Compliments Aurelia S. Giacometto on Joining E&W Law
Prnewswire· 2025-05-14 20:15
Company Overview - Ramaco Resources, Inc. operates and develops high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and is emerging as a producer of rare earth elements and critical minerals [3] - The company has active mining complexes in Central Appalachia and the Brook Mine in Sheridan, Wyoming, where significant deposits of rare earth elements have been discovered [3] - Ramaco holds approximately 50 intellectual property patents, pending applications, exclusive licensing agreements, and various trademarks related to its operations [3] Leadership Changes - Aurelia Skipwith Giacometto has joined Earth & Water Law, LLC as a partner while continuing her role on the Board of Directors of Ramaco Resources [1][2] - Aurelia has over 20 years of experience in agriculture, wildlife conservation, and energy development, including her recent position as the 14th Secretary of the Louisiana Department of Environmental Quality [1] - The leadership of Aurelia has been recognized for driving innovation and fostering collaboration within the company, contributing significantly to its direction and success [2]
2 Coal Stocks to Watch Amid the Ongoing Weakness in the Industry
ZACKS· 2025-04-24 19:00
Industry Overview - The Zacks Coal industry is facing challenges due to a decline in coal usage in thermal power plants in the U.S., with demand expected to decrease further by 2025 due to the retirement of coal units and a shift towards renewable energy sources [1][2] - Current U.S. recoverable coal reserves are estimated at 252 billion short tons, with 58% being underground mineable coal, but the industry's prospects are hindered by increasing renewable energy adoption and natural gas competitiveness [2][4] Production and Export Trends - U.S. coal production is projected to be 490 million short tons in 2025, an increase from previous estimates, but is expected to decline by 4.5% year-over-year in 2025 and 4.7% in 2026 [5] - Coal exports are anticipated to drop to 93 million short tons in 2025, a 4.1% decrease from earlier projections, with thermal coal exports expected to fall from 49 million short tons in 2025 to 47 million short tons in 2026 due to tariffs imposed by China [3][10] Emission Policies and Market Position - The U.S. aims for 100% carbon pollution-free electricity by 2030 and net-zero emissions by 2050, which is contributing to reduced coal usage in electricity generation [4] - The Zacks Coal industry currently ranks 239 out of 246 Zacks industries, placing it in the bottom 3%, reflecting a negative earnings outlook and a 47.2% decline in earnings estimates for 2025 since December 2024 [6][8] Stock Performance and Valuation - Over the past year, the coal industry has lost 9%, outperforming the Zacks Oil and Gas sector's decline of 14.5%, but lagging behind the Zacks S&P 500 composite, which gained 6.9% [10] - The industry is trading at a trailing 12-month EV/EBITDA ratio of 4.7X, significantly lower than the Zacks S&P 500 composite's 15.86X, indicating a challenging valuation environment [13] Notable Companies - SunCoke Energy focuses on metallurgical coal production, essential for steel manufacturing, and has an annual coke-making capacity of 5.9 million tons, with a current dividend yield of 5.14% [17][18] - Ramaco Resources is positioned to benefit from improving metallurgical coal demand, with 3.5 million tons contracted for 2025 at a fixed price of $145 per ton, and plans to invest $60 to $70 million in capital expenditures for growth initiatives [22][23]
Alpha Metallurgical Resources(AMR) - 2024 Q4 - Earnings Call Transcript
2025-02-28 17:29
Financial Data and Key Metrics Changes - Adjusted EBITDA for Q4 2024 was $53 million, an increase from $49 million in Q3 2024 [13] - Coal shipped in Q4 2024 was 4.1 million tons, consistent with Q3 2024 [13] - Net segment realizations decreased to an average of $127.84 per ton in Q4 from $132.76 in Q3 [14] - Cash provided by operating activities was $56.3 million in Q4, down from $189.5 million in Q3 [17] - Total liquidity increased to $519.4 million at the end of Q4 from $507 million at the end of Q3 [17] Business Line Data and Key Metrics Changes - Realizations for metallurgical sales averaged $132.63 per ton in Q4, down from $136.35 in Q3 [15] - Incidental thermal portion realizations decreased to $75.39 per ton in Q4 from $76.33 in Q3 [15] - Coal sales for the Met segment decreased to $108.82 per ton in Q4 from $114.27 in Q3 [15] - SG&A expenses increased to $14.3 million in Q4 from $13.4 million in Q3 [16] Market Data and Key Metrics Changes - Metallurgical coal markets ended 2024 sharply lower, with indices dropping at least 30% [33] - The Australian Premium Low Vol Index fell from $204.75 per metric ton at the start of 2024 to $196.50 by year-end [34] - The U.S. East Coast Low Vol Index decreased slightly from $189 per metric ton to $188 per metric ton during Q4 [34] - The API 2 index for thermal coal decreased from $118.25 per metric ton at the start of Q4 to $113.15 by year-end [35] Company Strategy and Development Direction - The company is open to evaluating M&A opportunities to strengthen its long-term position despite current market challenges [11] - The focus remains on cash preservation and maintaining liquidity in light of market uncertainties [66] - The company aims to protect its franchise and will not consider share repurchases until market conditions improve [66] Management's Comments on Operating Environment and Future Outlook - Management noted that severe weather conditions have impacted production and transportation, affecting Q1 and potentially Q2 results [31][39] - The company anticipates continued challenges in the metallurgical coal market due to weak steel demand and geopolitical uncertainties [36][38] - Management expressed confidence in the long-term demand for metallurgical coal despite current market conditions [12] Other Important Information - The company did not repurchase any shares in Q4 under its buyback program, maintaining approximately 4 million shares outstanding [20] - The Kingston Wildcat Slope development is on track to reach coal seam by late 2025, expected to produce approximately 1 million tons of low-vol coal annually [30] Q&A Session Summary Question: How should we think about the cadence of sales through 2025? - Management indicated that domestic shipments should be roughly pro rata throughout the year, with export shipments expected to increase in the latter half as they catch up from missed shipments [44] Question: Can you break down the cost per ton guidance increase? - Management stated that the $2 increase in the upper range is a precautionary measure to guard against Q1 issues, with some cost impacts already observed in January [47] Question: What are your thoughts on domestic demand given the new administration's tariffs? - Management noted the ability to shift tons between domestic and export markets, but current customer operations are stable without indications of increased blast furnace production [56] Question: What is the target cash level if the market remains weak? - Management aims to maintain a cash level in the $400 to $500 million range while preserving liquidity until market conditions improve [65] Question: Any updates on potential M&A opportunities? - Management acknowledged ongoing processes with certain assets and potential opportunities but emphasized caution regarding cash burn from operations [70] Question: How much supply from Central Appalachia has come out of the market? - Management indicated that some tons have exited the market due to operational interruptions, but it is difficult to quantify the exact amount [75]