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

$315.33M

P/E (TTM)

-6.9

5.9

Dividend Yield

52W High

$7.11

52W Low

$0.38

52W Range

41%

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

-$0.05-41.67%

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)

JKS

$9.50B

-34.4%

NBR

$3.18B

+8.7%

ACDC

$1.96B

-11.9%

Gross Margin (Latest Quarter)

VTLE

95.1%

+68.3pp

NGS

59.5%

-0.0pp

OBE

32.0%

-10.6pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
PUMP	$1.50B	1557.1	0.1%	19.3%
NBR	$1.12B	4.1	57.7%	53.6%
ACDC	$906.16M	-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

Cash Flow Needs Attention

Deep Research

Next earnings:Mar 27, 2026

EPS:-$0.10

Revenue:$673.33K

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data