
Coal News & Price Data – February 13, 2024 – Ramaco Upgrades Guidance
Ramaco increased its 2024 sales and production guidance due to strong market demand. Sales guidance raised to 4.2-4.6 million tons

Ramaco increased its 2024 sales and production guidance due to strong market demand. Sales guidance raised to 4.2-4.6 million tons

Ramaco Resources has raised its 2024 sales and production guidance, which it says reflects the strong market acceptance of the company’s coal

Ramaco Resources unveiled positive operational & financial updates today, highlighting a successful 2023 and an optimistic outlook for 2024.

Peabody Energy reported mixed results for Q4 2023, missing analyst expectations for both net income and revenues.

Since sending out the alert yesterday, I’ve gone through the earnings call transcript and tinkered with the numbers a bit more.

As the earnings call is just getting started, I just wanted to share I high conviction thought with you:

CONSOL Energy (CEIX) reported mixed results for Q4 2023, with net income declining but total revenue and other income increasing.

The primary risk for Alliance continues to be the coming demand destruction in power generation markets in the US.

Alliance Resource Partners (ARLP) capped off a strong 2023 with record revenues and net income, driven by its well-contracted coal order book

A major artery for Alabama’s coal exports the Demopolis lock on the Black Warrior River remains closed after a concrete failure last week.

Let’s start with the big overall trend, and for that we need to think in terms of thermal coal, generally when discussing US coal production.

Coal still remains a vital part of our energy mix. In fact, a recent report by the IEA found global coal demand hit an all-time high in 2022