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ARECAmerican Resources Corporation
$1.89$202M
Overview & Verdict
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AREC logoAmerican Resources Corporation(AREC)Earnings, Financials & Key Ratios

AREC•NASDAQ
$1.89
3.0× P/E·Price updated Jul 7, 2026
SectorEnergyIndustryCoalSub-IndustryCoal Mining and Exporters
AboutAmerican Resources Corporation engages in the extraction, processing, transportation, distribution, and sale of metallurgical coal to the steel industries. The company supplies raw materials; and sells coal used in pulverized coal injections. It has a portfolio of operations located in the Pike, Knott, and Letcher Counties in Kentucky; and Wyoming County, West Virginia. American Resources Corporation was founded in 2006 and is headquartered in Fishers, Indiana.Show more
  • Revenue$0-100.0%
  • EBITDA-$11M+60.0%
  • Net Income$55M+238.2%
  • EPS (Diluted)0.63+221.2%
  • ROE982.55%

AREC Price & Volume

American Resources Corporation (AREC) stock price & volume — 10-year historical chart

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Strategic Pivot Masks Severe Operational Financial Instability

Investment Thesis • Updated 2025Q4

VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Commercialization of REE technology

Key Thesis Takeaways

  • American Resources Corporation is currently undergoing a high-risk transition from legacy metallurgical coal mining to an unproven rare earth element processing model, which has resulted in a near-total cessation of revenue.
  • The company's financial statements are heavily distorted by non-operating accounting anomalies, including a $2.5 billion SG&A charge in 2025Q4, making traditional valuation metrics unreliable.
  • Investors should exercise extreme caution as the firm continues to burn cash, evidenced by a negative $11.8 million free cash flow in the most recent quarter, while maintaining a fragile capital structure.

Verdict Logic

the company's reliance on non-cash accounting adjustments to report a $77.0 million net income despite negative revenue indicates significant insolvency risk and a lack of core operational viability.

AREC Growth Metrics

American Resources Corporation (AREC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years-
TTM-100%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM239.62%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM218.89%

Return on Capital

10 Years-412.05%
5 Years-144.04%
3 Years-173.42%
Last Year-9.92%

AREC Recent Earnings

American Resources Corporation (AREC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 0/12 qtrs (0%)
Q3 2026Latest
Jul 7, 2026
Metric
Actual
Est
EPS
$0.12-24.0%
$0.10
Rev
$95,349-109.5%
$1M
Q3 2026
Jul 6, 2026
Metric
Actual
Est
EPS
$0.12-24.0%
$0.10
Rev
$95,349-109.5%
$1M
Q3 2026
Jul 2, 2026
Metric
Actual
Est
EPS
$0.12-24.0%
$0.10
Rev
$95,349-109.5%
$1M
Q3 2026
Jul 1, 2026
Metric
Actual
Est
EPS
$0.12-24.0%
$0.10
Rev
$95,349-109.5%
$1M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026LatestJul 7, 2026
$0.12vs $0.10-24.0%
$95,349vs $1M-109.5%
Q3 2026Jul 6, 2026
$0.12vs $0.10-24.0%
$95,349vs $1M-109.5%
Q3 2026Jul 2, 2026
$0.12vs $0.10-24.0%
$95,349vs $1M-109.5%
Q3 2026Jul 1, 2026
$0.12vs $0.10-24.0%
$95,349vs $1M-109.5%
Based on last 12 quarters of dataView full earnings history →

Latest AREC News

Recent stock market news and headlines for American Resources Corporation (AREC)

Proactive Investors·Jun 26, 2026
American Resources CEO provides update on Marion critical minerals refining facility – ICYMI

American Resources Corp (NASDAQ:AREC) earlier this week provided an update on the development of its Marion, Indiana, critical minerals refining facility, highlighting progress toward commercial germanium production and outlining a broader strategy to expand domestic supply of strategic materials. Speaking with Proactive, chief executive officer Mark Jensen said the company was approaching a significant milestone with the launch of its first germanium production line, expected during the third quarter of 2026.

Proactive Investors - Finance·Jun 26, 2026
American Resources CEO provides update on Marion critical minerals refining facility – ICYMI

American Resources Corp (NASDAQ:AREC) earlier this week provided an update on the development of its Marion, Indiana, critical minerals refining facility,...

Proactive Investors - Finance·Jun 26, 2026
Chinese AI model emerges as fresh threat to Anthropic ahead of planned float

Jefferies' Christopher Wood flags a "DeepSeek moment" as cheaper Chinese models gain ground on Western incumbents The launch of a low-cost Chinese...

Proactive Investors·Jun 26, 2026
American Resources set to join Russell 3000 and Russell Microcap Indexes

American Resources Corp (NASDAQ:AREC) announced that it is expected to be added to the Russell 3000 Index and the Russell Microcap Index as part of FTSE Russell's annual 2026 index reconstitution. The company appears on FTSE Russell's preliminary additions lists under the ticker symbol ‘AREC' for both indexes.

Accesswire·Jun 26, 2026
American Resources Corporation Set to Join Russell 3000(R) and Russell Microcap(R) Indexes

Inclusion Expected to Take Effect Following the U.S. Market Close Today, June 26, 2026 FISHERS, IN / ACCESS Newswire / June 26, 2026 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a leader in the critical mineral supply chain, today announced that the Company is set to be added to both the Russell 3000® Index and the Russell Microcap® Index as part of the 2026 Russell indexes reconstitution. FTSE Russell's preliminary 2026 additions lists include American Resources Corporation under the symbol AREC for both the Russell 3000 Index and Russell Microcap Index.

Peers Comparison

Key metrics vs top competitors for American Resources Corporation (AREC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AREC logoARECAmerican Resources CorporationCurrent
$1.89$202.18M3.00-100%—982.55%—
METC logoMETCRamaco Resources, Inc.
$12.16$660.37M-11.81-19.46%-11.52%-13.44%—
AMR logoAMRAlpha Metallurgical Resources, Inc.
$152.03$1.93B-32.01-27.99%-1.83%-2.47%—
HCC logoHCCWarrior Met Coal, Inc.
$77.74$4.1B71.98-14.12%9.36%6.44%—
MP logoMPMP Materials Corp.
$50.49$8.99B-100.9835.12%-20.48%-3.49%—
UUUU logoUUUUEnergy Fuels Inc.
$12.86$3.21B-34.76-15.61%-82.7%-10.16%—

Compare AREC vs Peers

American Resources Corporation (AREC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs METC

Most directly comparable listed peer for AREC.

Scale Benchmark

vs TSLA

Larger-name benchmark to compare AREC against a more recognizable public peer.

Peer Set

Compare Top 5

vs METC, AMR, HCC, MP

AREC SEC Filings & Documents

American Resources Corporation (AREC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jun 4, 2026·SEC

Material company update

Apr 30, 2026·SEC

Material company update

Apr 17, 2026·SEC

10-K Annual Reports

3
FY 2026

May 20, 2026·SEC

FY 2025

May 19, 2025·SEC

FY 2024

Apr 15, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 14, 2025·SEC

FY 2025

Aug 19, 2025·SEC

FY 2025

May 28, 2025·SEC

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AREC Frequently Asked Questions

American Resources Corporation (AREC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is American Resources Corporation's revenue?

American Resources Corporation (AREC) reported $-0.0M in revenue for fiscal year 2025.

How fast is American Resources Corporation growing?

American Resources Corporation (AREC) saw revenue decline by 100.0% over the past year.

Is AREC profitable?

Yes, American Resources Corporation (AREC) is profitable, generating $57.3M in net income for fiscal year 2025.

Dividend & Returns
What is AREC's return on equity?

American Resources Corporation (AREC) has a return on equity (ROE) of 982.5%. This is excellent, indicating efficient use of shareholder capital.

What is American Resources Corporation's free cash flow?

American Resources Corporation (AREC) had negative free cash flow of $20.3M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in AREC back in 2014?

Total return calculator · dividends reinvested · 12+ years of data

See returns →