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Ramaco Resources reports net income of $5.3M in Q1'18

Ramaco Resources Inc. on May 15 reported net income of $5.3 million, or 13 cents per share, in the first quarter, compared with a loss of $3.1 million, or 10 cents per share, a year earlier.

The S&P Capital IQ consensus normalized earnings estimate for the first quarter was 30 cents per share.

Revenue was $55.9 million, compared with $11.5 million in the same quarter a year earlier.

The company reported sales of 522,000 tons of coal in the most recent quarter. The average sales price was $91.37 per ton.