to in Ramaco. following look you, Thank interested Jeremy. always discussing results everyone forward with We
record QX To strongest the earnings busy start, 'XX. past so. release, or know we in our on have during As our you we quarter had quite now month from been
$XXX XX% year's of about we which of -- sales, sales million share. translates income, earnings on Through of roughly to EBITDA, basically already far in these have printed million $XXX per net committed year-to-date So of this XXXX, we have $XXX production. about $X.XX
have the year the still currently we of This balance income balance times EBITDA New tons index two million into for markets into with more more than XXXX. So, of pricing. powder after greater months have and to a entire than for four We left of the Year, did less of the net we the times export year. three record will sell roughly go dry than
We than and now and is now It public shareholder production, annual have think perhaps from making envisioned. track sooner which a to and forward highest verge metrics special basically internal ourselves. our earnings is that by on place the nice no can simultaneously essentially now stronger we of I very several find and telegraph other de returns happening sales of meaningful -risked our On doubling are XXXX of much on much multiples. call, a This is produce we we're transition. coal funds, last group paying currently capital. to
the XX% tons. First, we down by our to to hope move up road, X.X million this looking year roughly production about
budgeted free This on is generated about of level pay mine intend our are to years. of of expansion. double coming X.X are capital CAPEX and there. X.X-million-ton deal level to We concerned we from for for the generate cash track by for to over this mine for million a track XXXX. production roughly production to expenditures buildup great re-emphasize From capital year's We to internally on last essentially tons production, cash all both new to anyone net funds. To our X spending flow get
of regular we the announced week dividend. As doubling a last our result, base
buybacks. increase in year. And this to but XX% our might X% revisit return annually, of further also Before not even by later we I the level to consider is to share first only shareholder made levels base dividend to payment. add, We intend hope the this form
anniversary me let safety-wise of month our public since our back overall Earlier inception. most operationally, five-year financially, look a this some and marked XXXX the successful metrics. on as year marked company. Now,
the in For record first kind coal books, Ramaco it's of 'XX. April mined
mined And hindsight, XXXX. tone have production of sit, we'll sold domestic about in groups XXXX million X we're now XX Despite in Net jumped best we per XXXX, A $XX million. massively XXX%. Free for what X/X by this at up our we prices. in of set million our results, every steel pretty our total. record flow to I year-over-year $X.XX ourselves. were about hit to exceeded cash $XX tons mark When about to million fall share over year. to we managed over XXX% we the financial in note XXX% had roughly XXXX that million. list. was income our metric As low up We increased think we up production Earnings that later headwind, we $XX quick year EBITDA XXX%. about
$XX.XX to Our year-over-year price over stock from at $X.XX XXX% rose per year-end. share by
$XXX rose to capitalization market million. million from $XXX XXX% about Our
said have year. I in visibility this we As forward this earlier, ever year's we've more than early before performance today, on the had
highlights customers tons, of locked XXXX any this this half about domestic are which or sales of production, we against year's we've we've our XX% roughly about committed Since estimate price steel will or fall of XXXX, in XXXX American as adjustments. production, that stated tons. before, hedge mine. end the average a FOB sell of the X.X North of year. possible as cup XXX future downward Some to of our In fixed total an good price We million to date at we X.X million the of X.X to tons, viewed million
X expected for $XXX at that $XXX the Most giving sales peak tight said, not share these remains year, net export U.S. lack tons, markets requested pre -COVID coal. for demand. first a into steel thereof, have international translate, tighter we currently quarter. sales be as supply thoughts million the netback moment. pre caught new recovering It Ex-China levels. we but Based the estimate FOB is still have six I distinct $XXX delivery Met is us candidly domestic there's more to recent go that did -COVID project million income has levels around. of [Indiscernible] think of on spot have Group XX% snare our the committed Roughly EBITDA. still another up its cost shipment, ton XX price. not Prices ton of tons roughly still been and prices ton. fallen was $XXX from We export year, a I and about the at enough This a CAPEX the met to met the new We Recently out a that of get million moment, of these XX% than to to Pap XXXX. Steel week, on per markets. into tons per about tons will us let coal production FOB even still stretched levels. of index Jason mine million Anecdotally, not in in roughly per coal or we still averaged new $XXX and the on on before they these currently X.X at since some granular to told over prices by if still at imbalance exceeded this million has online left today's end at production subject, the have mostly XX% We margin see X.X that a shipped vessel sell. would in and of ton currently We're they is down coming production per mining pre legs. substantial drum. overall It -XXXX that $XXX sold and
the unlikely come inability ESG capital Given it back. concerns, access to and industry's to increasing is
and demand of post some the COVID. of market challenging the We're geopolitics. also is is is energy in back back disruptions, being However, in robust overseas. languishes, even rebound as a supply market energy the the Geopolitics issues in middle experiencing market,
should we buckle So, up.
also purchase to Turning rise to level of affiliated taken reign will company, steps just to the but doubt it's roughly year-end those costs agreement were lowest We a in alone our Likely cost. Ramaco help a cost Coal. nice based from. in sales announced on an portion industry. the good XXXX no year to place per this start of private our We've This $XX some production ton. selling mine
once related, related by managing expense, containment be is sales transaction and or of and much but a will important. that discussing anything costs XX% One marketing we feel XX% our or control royalty royalties. do can we directly About cost costs in to detail market close, this we royalty expense. deal greater and We our meaningful reasonably has strong about with In is long-term cost rising of overall prices those [Indiscernible].
new meaningful energy narrative, the us in will to positions the Secondly, get coal we about in think moment. be I of the producers and only thinking a of one a emerging transition sustainability which to deal form
we we're industry not more have on As U.S. is stock afraid, a enjoy we coal have focused one grown, respect how the postured much standpoint. the does market candidly, I'm markets. for from thing
at X.Xx from gas, the Oil higher and an well, trade and XXXX As Xx substantial overall, ranging expected group industrial industry knows earn multiples all of multiple analyst trades XXx. of this EV to companies about groups, other EBITDA. energy
game explore performance the to energy both I or of company for forms not sustainable for perceive Ramaco possible goal reason a market environmental One coal be possible The that could benefit. as transition coal, under of think form is have acquisition. does for is long-term a irrespective end of metallurgic as set profitable, transition credible industry. well thermal produces one which this whether have some any the we a coal
will exploring royalty In company's uses of expense, coal. additional alternative expansion savings addition also to the support into
the National working several Over past years, Energy's the of Laboratories. of department two with
higher feedstock concept. portfolio the emitting of not in might addition future we higher-tech commercialization will rights for carbon But entitled Kohl's develop uses. This for We age. other This in companies. conventional others gas prices new to white both materials, sell customers to the use there manufacturer greenhouse especially higher-value I to to Counsel the subject, property. to exclusive as of. focused is would We Secretary no National time products as a think have Energy long coal than carbon our coals would we be prices and in at be chaired Perry paper, do and on new patented of Ramaco's sell a and come, which in the have for and non entirely I anyone make for and rather to this steel Coal a substantial where we then refer to from mistake, steel coal higher to licensing you customers. the intellectual IP industrial Today, for selling XXXX already an of will interested some feed markets is developed, an stock
some developed new developed. And background is We that to markets explore be in might this intend extensive how area. are first these perhaps the coal group we commercially
We selling will months we're shown. maintain discuss to that take, to form steel customers, have whatever might Rest coal to more ahead. transition and in always fiscal assured, we the discipline the this committed
will look the We to lead us forward might years where in that seeing ahead.
now expect flow meaningfully where Ramaco? production put in intend profile You then return internal our cash size this us our in which to turn prioritize shareholders. to levels So, does This should generation, capital and provide continue to grow will will free to and funding. cash we summary, we increasing of from
generate our still terrific sell EBITDA. to start year's and strong additional off of markets. sales committed substantial We production last currently have which we're multiple XXXX, have third and into of will an to income a left now net For a
to to generation other of years low-cost expect and cash up using liabilities in cash little bluntly the ARO, amounts ahead, and flow formidable with little new to providing of any This and production. no or have We lot end no cash. an larger expect increasingly year to a we debt, grow free
low returning our in increasing them. futures, with the some in to hope fortune form share by as that our good insulated And from amounts reliable, of and of production, a increasing financial strong to that that pressures condition. perhaps buybacks. also market to Today, is because lastly, share shareholders continue dividend we cash back well We as somewhat of of to be expect cost the
market. like the to that, the turn I'd in to over team detail with finances, to dive rest into Now the of floor more the on operations
Jeremy, metrics. So, rundown our please financial
