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American Resources Corporation

American Resources Corporation

NASDAQ•AREC
CEO: Mr. Mark C. Jensen
Sector: Energy
Industry: Coal
Listing Date: 2017-06-30
American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.
Contact Information
12115 Visionary Way, Suite 174, Fishers, IN, 46038, United States
317-855-9926
www.americanresourcescorp.com
Market Cap
$443.09M
P/E (TTM)
-9.2
6.1
Dividend Yield
--
52W High
$7.11
52W Low
$0.38
52W Range
59%
Rank63Top 94.0%
1.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 1.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$50.17K-78.69%
4-Quarter Trend

EPS

-$0.07-41.67%
4-Quarter Trend

FCF

$0.00-100.00%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Loss Significantly Narrows Nine months net loss improved $5.74M USD to $(23.02M) USD in 2025 versus $(28.76M) USD in 2024, reflecting cost controls.
Operating Costs Decline Total operating expenses fell $8.22M USD for nine months 2025 to $16.18M USD, driven by $5.63M USD reduction in G&A expenses.
Cash Position Improved Cash and cash equivalents increased to $2.08M USD by September 30, 2025, up from $604.49K USD at year-end 2024.
Coal Revenue Virtually Ceased Q3 2025 revenue was only $165 USD, down from $235.44M USD in Q3 2024, due to suspended coal production activities.

Risk Factors

Going Concern Substantial Doubt Current liabilities exceed current assets by $75M USD; continuation relies on successful future debt or equity financing efforts.
Significant Litigation Reserves Accrued litigation settlement liability stands at $14.52M USD as of September 30, 2025, stemming from various legal proceedings.
Coal Operations Remain Idled All primary coal mining operations remain idled since 2023 due to adverse market conditions and focus shift.
Total Liabilities Increased Total liabilities grew to $297.42M USD by September 30, 2025, resulting in a wider total stockholders' deficit of $(95.06M) USD.

Outlook

Major REE Supply Chain Funding Announced $1.4B partnership with US Dept of War to scale domestic rare earth magnet production capabilities.
Recent Equity Financing Closed Secured gross proceeds of approximately $74M USD in October 2025 private placements to support liquidity needs.
Focus Shift Continues Business focus remains on ReElement and Electrified Materials segments for revenue diversification into critical minerals.
Disclosure Controls Ineffective Management concluded disclosure controls were not effective due to insufficient accounting staff performing required reporting functions.

Peer Comparison

Revenue (TTM)

Nabors Industries Ltd.NBR
$3.12B
+6.5%
ProFrac Holding Corp.ACDC
$1.96B
-11.9%
Vital Energy, Inc.VTLE
$1.90B
+1.9%

Gross Margin (Latest Quarter)

Vital Energy, Inc.VTLE
95.1%
+4.5pp
Nabors Industries Ltd.NBR
20.3%
-20.7pp
Core Laboratories Inc.CLB
19.3%
+1.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
PUMP$1.14B-67.0-2.1%15.8%
NBR$945.89M4.460.5%48.8%
ACDC$913.40M-2.6-35.3%44.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.3%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:May 18, 2026
|
EPS:-$0.09
|
Revenue:-
Reports
All Years

  • Form 10-Q/A - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 17, 2025|
    Revenue: $50.17K-78.7%
    |
    EPS: $-0.07-41.7%
    Meet

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 14, 2025|Refer to amended data

  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: Oct 24, 2025|
    Revenue: $383.23K-97.1%
    |
    EPS: $-0.52-246.7%
    Miss

  • Form 10-Q/A - Q4 2025

    Period End: Mar 31, 2025|Filed: Oct 24, 2025|Refer to amended data

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 19, 2025|
    Revenue: $13.26K+223.8%
    |
    EPS: $-0.10+17.0%
    Miss

  • Form 10-Q/A - Q1 2025

    Period End: Mar 31, 2025|Filed: Jun 2, 2025|
    Revenue: $31.93K-66.0%
    |
    EPS: $-0.08-8.4%
    Meet

  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: Jun 2, 2025|Refer to amended data

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 28, 2025|Refer to amended data