American Resources Corporation

NasdaqCM:AREC Stock Report

Market Cap: US$194.7m

American Resources Past Earnings Performance

Past criteria checks 0/6

American Resources's earnings have been declining at an average annual rate of -10.9%, while the Oil and Gas industry saw earnings growing at 8% annually. Revenues have been declining at an average rate of 22% per year.

Key information

-10.86%

Earnings growth rate

5.14%

EPS growth rate

Oil and Gas Industry Growth33.67%
Revenue growth rate-21.96%
Return on equity-19.14%
Net Marginn/a
Last Earnings Update31 Dec 2025

Recent past performance updates

Recent updates

Narrative Update Jun 19

(Deep Dive) American Resources Corporation, ReElement Technologies Exposed with $72M Cash But Zero Revenue

In this deep dive series, we discussed American Resources Corporation is repositioning from legacy coal into a critical minerals and rare earth supply chain powerhouse. With $72.5M cash, a 19% stake in ReElement Technologies, and its Electrified Materials platform, AREC offers high-upside exposure to U.S. supply chain security.
New Narrative Jun 13

American Resources, $263M Market Cap + 19% ReElement Stake, From Coal to Critical Minerals

Disclaimer This material is provided for informational and educational purposes only and should not be considered financial, investment, legal, tax, or other professional advice. The views expressed are based on publicly available information, company filings, technical reports, news releases, corporate presentations, and personal analysis at the time of writing, and they may change without notice.
Analysis Article Dec 24

Is American Resources Corporation (NASDAQ:AREC) Trading At A 41% Discount?

Key Insights American Resources' estimated fair value is US$4.44 based on 2 Stage Free Cash Flow to Equity American...
Seeking Alpha Feb 14

American Resources Is Misunderstood And Has An Enormous Upside

Summary American Resources Corporation is a coal company with multiple mining complexes, primarily focused on metallurgical coal. AREC has acquired mining rights to several large areas, with potential deals that could significantly increase shareholder value. AREC also has a promising processing business that could disrupt China's dominance in rare earth metals and strategically important minerals markets. Read the full article on Seeking Alpha
Analysis Article Feb 06

Would American Resources (NASDAQ:AREC) Be Better Off With Less Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Sep 27

Does American Resources (NASDAQ:AREC) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jun 08

With American Resources Corporation (NASDAQ:AREC) It Looks Like You'll Get What You Pay For

When close to half the companies in the Oil and Gas industry in the United States have price-to-sales ratios (or "P/S...
Analysis Article Apr 03

Here's Why American Resources (NASDAQ:AREC) Can Afford Some Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Seeking Alpha Aug 29

American Resources rallies on $10M share repurchase program

American Resources (NASDAQ:AREC) has announced that its Board of Directors has authorized a stock repurchase program for up to $10M of its shares of common stock outstanding. Under the Program, the Co. is authorized to repurchase shares through the open market, in privately-negotiated transactions, or otherwise in accordance with applicable federal securities laws. The share repurchase authorization will be used at management's discretion and will expire on Sept. 15, 2023. "We have the financial flexibility to continue to execute our business plans, and believe that launching this stock buyback program reflects our confidence in the prospects of the businesses and provides us an opportunity to create value for our long-term shareholders." said Kirk Taylor, CFO.  AREC shares +8.45% to $3.21.
Seeking Alpha Aug 15

American Resources GAAP EPS of -$0.04 beats by $0.01, revenue of $16.2M misses by $2.8M

American Resources press release (NASDAQ:AREC): Q2 GAAP EPS of -$0.04 beats by $0.01. Revenue of $16.2M (+312.2% Y/Y) misses by $2.8M. Shares +3.5%.
Seeking Alpha Jul 19

American Resources cheers significant estimated Y/Y growth in Q2 revenue

American Resources (NASDAQ:AREC) surges 11% in premarket after it estimates Q2 revenue to be $16.196M compared to $9.08M in Q1 and $393,210 in year ago quarter. Analysts consensus estimates for revenue stands ay $19M. "Our extensive asset base, reserves and permits put us in a unique position to capitalize in these incredibly strong markets and provide supply growth to our customer base. We feel our preliminary results for Q2 of this year showcase the beginning of a significant infliction point for our carbon business at a time that we continue to drive significant innovation in the critical and rare earth element space," CFO Kirk Taylor commented. Q2 results are scheduled for Aug.15.
Seeking Alpha Jul 01

American Resources' reELEMENT secures working capital facility

American Resources (NASDAQ:AREC) has announced that reELEMENT Technologies has put in place an independent working capital facility that will enable the division to expand to revenue and cash flow generation. This initial working capital facility of $2M will be used to expand the production capabilities of rare earth and battery element recycling. Its also enables reELEMENT Technologies to establish credit history and provides low cost, non-dilutive, growth capital to expand current rare earth and battery element purification facility. "We're impressed by the revolutionary technology that they're commercializing and believe our capital is a cost effective way to leverage their asset base and expand their magnet and battery recycling capacity." said Mike Dance, COO of Maxus Capital.
Analysis Article Jan 13

Is American Resources (NASDAQ:AREC) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Sep 24

Is American Resources (NASDAQ:AREC) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Revenue & Expenses Breakdown

How American Resources makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqCM:AREC Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 250-18100
30 Sep 250-21172
30 Jun 250-27212
31 Mar 250-39222
31 Dec 240-16130
30 Sep 24-5-53242
30 Jun 241-46193
31 Mar 243-42156
31 Dec 2312-391211
30 Sep 2321-5717
30 Jun 2325-7619
31 Mar 2339-2527
31 Dec 2239-1528
30 Sep 2239-21530
30 Jun 2233-25532
31 Mar 2217-29523
31 Dec 218-33518
30 Sep 213-30513
30 Jun 211-2148
31 Mar 211-1346
31 Dec 201-1044
30 Sep 207-4253
30 Jun 209-4973
31 Mar 2018-6076
31 Dec 1924-71127
30 Sep 1926-36126
30 Jun 1934-32135
31 Mar 1931-25124
31 Dec 1832-1384
30 Sep 1829-1266
30 Jun 1824-1027
31 Mar 1822-1327
31 Dec 1721-1327
30 Sep 1721-1014
30 Jun 1718-1214
31 Mar 1713-1772
31 Dec 168-22132

Quality Earnings: AREC is currently unprofitable.

Growing Profit Margin: AREC is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: AREC is unprofitable, and losses have increased over the past 5 years at a rate of 10.9% per year.

Accelerating Growth: Unable to compare AREC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AREC is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (6%).


Return on Equity

High ROE: AREC has a negative Return on Equity (-19.14%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/10 03:39
End of Day Share Price 2026/07/10 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

American Resources Corporation is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tate SullivanMaxim Group
Richard NiehuserRoth Capital Partners
Neal DingmannWilliam Blair & Company L.L.C.