Ramaco Resources, Inc. (NASDAQ:METC) Q3 2023 Earnings Conference Call November 8, 2023 11:00 AM ET

Company Participants

Jeremy Sussman - Chief Financial Officer

Randall Atkins - Chairman and Chief Executive Officer

Chris Blanchard - Chief Operating Officer

Conference Call Participants

Lucas Pipes - B. Riley Securities

Nathan Martin - Benchmark Company

Operator

Welcome to the Ramaco Resources Third Quarter 2023 Earnings Conference Call. At this time, all participants have been placed on the listen-only mode, and the floor will be open for your questions following the presentation. [Operator Instructions].

I would now like to turn the call over to Jeremy Sussman, Chief Financial Officer. Sir, please go ahead.

Jeremy Sussman

Thank you. On behalf of Ramaco Resources, I would like to welcome all of you to our third quarter 2023 earnings conference call. With me this morning is Randall Atkins, our Chairman and CEO; and Chris Blanchard, our Chief Operating Officer. Before we start, I would like to share our normal cautionary statement. Certain items discussed on today's call constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

These forward-looking statements represent Ramaco's expectations concerning future events. These statements are subject to risks, uncertainties, and other factors, many of which are outside of Ramaco's control, which could cause actual results to differ materially from the results discussed in the forward-looking statements.

Any forward-looking statements speaks only as of the date on which it is made, and except as required by law, Ramaco does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

I'd also like to remind you that you can find a reconciliation of the non-GAAP financial measures that we plan to discuss today in our press release, which can be viewed on our website, www.ramacoresources.com. Lastly, I'd encourage everyone on this call to go on to our website and download today's investor presentation.

With that said, let me introduce our Chairman and CEO, Randall Atkins.

Randall Atkins

Thanks, Jeremy. Good morning everyone, and thanks for joining the call. We have a lot of positive developments to unpack this morning since we spoke in August. From the time we started Ramaco, we have generally been somewhat idiosyncratic within our industry.

For over five years before we went public in 2017, we were investing in developing geologically-advantaged coal reserves. During most of that time, a majority of the industry was in bankruptcy, and certainly not aggressively buying greenfield coal reserves to develop from scratch.