american resources corporation supplies raw materials for the global infrastructure marketplace. the company focuses on the extraction and processing of metallurgical carbon used in steelmaking. it has a portfolio of operations located in the central appalachian basin of eastern kentucky and southern west virginia. the company was founded in 2006 and is headquartered in fishers, indiana.
Company profile
Ticker
AREC
Exchange
Website
CEO
Mark Jensen
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
NATURAL GAS FUELING & CONVERSION INC., NGFC Equities, Inc.
SEC CIK
Corporate docs
Subsidiaries
American Carbon Corp • Deane Mining, LLC • ERC Mining Indiana Corp • McCoy Elkhorn Coal LLC • Knott County Coal LLC • Wyoming County Coal LLC • Perry County Resources LLC • reELEMENT Technologies Corp • American Metals LLC • Advanced Carbon Materials LLC ...
AREC stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
15 Apr 24
8-K
Entry into a Material Definitive Agreement
8 Apr 24
NT 10-K
Notice of late annual filing
1 Apr 24
8-K
Results of Operations and Financial Condition
28 Mar 24
8-K
Regulation FD Disclosure
5 Mar 24
8-K
American Resources Corporation’s American Carbon Corporation Completes Strategic Acquisition of 51% Interest in Iron Ore and Titanium Assets
9 Feb 24
8-K
Regulation FD Disclosure
9 Jan 24
8-K
Regulation FD Disclosure
3 Jan 24
10-Q
2023 Q3
Quarterly report
14 Nov 23
8-K
American Resources Corporation Reports Third Quarter 2023 Financial Results and Provides Business Outlook
14 Nov 23
Transcripts
AREC
Earnings call transcript
2023 Q4
28 Mar 24
AREC
Earnings call transcript
2023 Q3
14 Nov 23
AREC
Earnings call transcript
2023 Q2
14 Aug 23
AREC
Earnings call transcript
2023 Q1
15 May 23
AREC
Earnings call transcript
2022 Q4
30 Mar 23
AREC
Earnings call transcript
2022 Q3
16 Nov 22
AREC
Earnings call transcript
2022 Q2
15 Aug 22
AREC
Earnings call transcript
2022 Q1
16 May 22
AREC
Earnings call transcript
2021 Q4
29 Mar 22
AREC
Earnings call transcript
2021 Q3
16 Nov 21
Latest ownership filings
SC 13D
Midwest General Investment Co LLC
28 Aug 23
SC 13D
White River Ventures LLC
28 Aug 23
4
Mark C. Jensen
16 Aug 23
4
Thomas M. Sauve
16 Aug 23
4
Kirk Patrick Taylor
16 Jun 23
4
Kirk Patrick Taylor
24 May 23
4
Mark C. Jensen
10 May 23
4
Mark C. Jensen
12 Apr 23
4
Mark C. Jensen
16 Mar 23
4
Mark C. Jensen
13 Feb 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 44.71 mm | 44.71 mm | 44.71 mm | 44.71 mm | 44.71 mm | 44.71 mm |
Cash burn (monthly) | 2.27 mm | (no burn) | (no burn) | 1.65 mm | 1.04 mm | (no burn) |
Cash used (since last report) | 15.42 mm | n/a | n/a | 11.21 mm | 7.07 mm | n/a |
Cash remaining | 29.29 mm | n/a | n/a | 33.50 mm | 37.64 mm | n/a |
Runway (months of cash) | 12.9 | n/a | n/a | 20.3 | 36.1 | n/a |
Institutional ownership, Q3 2023
8.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 33 |
Opened positions | 7 |
Closed positions | 10 |
Increased positions | 4 |
Reduced positions | 16 |
13F shares | Current |
---|---|
Total value | 10.15 bn |
Total shares | 7.01 mm |
Total puts | 266.10 k |
Total calls | 123.10 k |
Total put/call ratio | 2.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 2.68 mm | $4.47 bn |
BLK Blackrock | 921.96 k | $1.54 bn |
Janney Montgomery Scott | 780.12 k | $1.30 mm |
Bridgeway Capital Management | 684.65 k | $1.14 bn |
Geode Capital Management | 612.01 k | $1.02 bn |
Susquehanna International | 428.31 k | $715.28 mm |
STT State Street | 214.49 k | $358.19 mm |
Simplex Trading | 138.39 k | $231.00 k |
NTRS Northern Trust | 92.21 k | $153.99 mm |
Citadel Advisors | 78.68 k | $131.39 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Aug 23 | Sauve Thomas M. | Class A Common | Gift | Acquire G | Yes | No | 0 | 4,429,501 | 0.00 | 4,429,501 |
15 Aug 23 | Sauve Thomas M. | Class A Common Stock | Gift | Dispose G | No | No | 0 | 4,429,501 | 0.00 | 0 |
15 Aug 23 | Jensen Mark C. | Class A Common | Gift | Acquire G | Yes | No | 0 | 5,199,896 | 0.00 | 5,199,896 |
15 Aug 23 | Jensen Mark C. | Class A Common | Gift | Dispose G | No | No | 0 | 5,199,896 | 0.00 | 0 |
15 Jun 23 | Kirk Patrick Taylor | Class A Common Stock | Buy | Acquire P | No | Yes | 1.74 | 1,250 | 2.18 k | 1,624,883 |
23 May 23 | Kirk Patrick Taylor | Class A Common Stock | Buy | Acquire P | No | Yes | 1.5687 | 1,250 | 1.96 k | 1,623,633 |
10 May 23 | Jensen Mark C. | Class A Common Stock | Buy | Acquire P | No | Yes | 1.5493 | 5,000 | 7.75 k | 5,199,896 |
News
Recap: American Res Q4 Earnings
28 Mar 24
American Res Q4 2023 GAAP EPS $(0.15) Misses $(0.04) Estimate, Sales $66.404K Miss $2.200M Estimate
28 Mar 24
Earnings Scheduled For March 28, 2024
28 Mar 24
American Res Earnings Preview
27 Mar 24
American Resources Corp Secures Up to $50M Investment for Subsidiary ReElement Technologies
12 Mar 24
Press releases
American Resources Corporation's ReElement Technologies Launches Powered By ReElement Service Offering
22 Apr 24
American Resources Corporation's ReElement Technologies Expands Its Exclusive Rights for Rare Earth Element Purification Technology to Include All Feedstocks
19 Apr 24
American Resources Corporation's ReElement Technologies Announces April Slate of Conferences and Events
12 Apr 24
American Resources Corporation Sets Record Date of May 14, 2024 for Special Dividend of American Carbon Corporation Division
4 Apr 24
American Resources Corporation's American Carbon Corporation Receives Additional $1,055,780 in Environmental Bond Releases
2 Apr 24