American Resources (AREC) Operating Expenses (2013 - 2025)
American Resources (AREC) posted Operating Expenses of $6.8 million for Q4 2025, up 54.59% on a QoQ basis from $4.4 million in Q3 2025, and up 166.84% year-over-year from $2.5 million in Q4 2024.
Analysis
American Resources (AREC) Operating Expenses (2013 - 2025) Analysis & Trends
American Resources has reported Operating Expenses for 13 years, with the latest figure at $6.8 million in Q4 2025.
- On a quarterly basis, Operating Expenses rose 166.84% year-over-year to $6.8 million in Q4 2025; TTM through Dec 2025 was $6.0 million, a 49.62% decrease from a year earlier, with the FY2025 full-year figure at $11.3 million, down 20.66% from the prior year.
- Operating Expenses was $6.8 million for Q4 2025 at American Resources, up from $4.4 million in the prior quarter.
- The five-year high for Operating Expenses was $22.9 million in Q4 2023, with the low at -$10.1 million in Q4 2024.
- Average Operating Expenses over 5 years is $7.8 million, with a median of $9.0 million recorded in 2023.
- The sharpest annual moves came in 2021 and 2022: Operating Expenses slumped 296.83% in 2021, then soared 440.04% in 2022.
- Over 5 years, Operating Expenses stood at $13.5 million in 2021, then decreased by 15.18% to $11.4 million in 2022, then jumped by 100.85% to $22.9 million in 2023, then slumped by 144.18% to -$10.1 million in 2024, then surged by 166.84% to $6.8 million in 2025.
- The last three Operating Expenses figures came in at $6.8 million (Q4 2025), $4.4 million (Q3 2025), and $5.0 million (Q1 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Warrior Met Coal | 5.51 Bn | 5.19 Bn | 169.64 Mn | 415.17 Mn |
| 2 | Core Natural Resources | 4.96 Bn | 4.49 Bn | 252.03 Mn | 985.26 Mn |
| 3 | Peabody Energy | 3.52 Bn | 3.04 Bn | - | 953.90 Mn |
| 4 | Alliance Resource Partners | 3.41 Bn | 3.30 Bn | 210.21 Mn | 455.98 Mn |
| 5 | Alpha Metallurgical Resources | 2.86 Bn | 2.52 Bn | 49.19 Mn | 503.36 Mn |
| 6 | Ramaco Resources | 836.16 Mn | 552.80 Mn | 16.62 Mn | 163.05 Mn |
| 7 | Nacco Industries | 316.54 Mn | 271.01 Mn | 15.20 Mn | 19.25 Mn |
| 8 | American Resources | 185.28 Mn | 183.69 Mn | -301,480.00 | 6.78 Mn |
| 9 | Coronado Global Resources | 23.47 Mn | -74.23 Mn | 156.53 Mn | 558.65 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 6.78 Mn |
| Sep 30, 2025 | 4.38 Mn |
| Mar 31, 2025 | 5.02 Mn |
| Dec 31, 2024 | -10.14 Mn |
| Sep 30, 2024 | 9.06 Mn |
| Jun 30, 2024 | 6.23 Mn |
| Mar 31, 2024 | 6.82 Mn |
| Dec 31, 2023 | 22.95 Mn |
| Sep 30, 2023 | 4.74 Mn |
| Jun 30, 2023 | 9.01 Mn |
| Mar 31, 2023 | 11.50 Mn |
| Dec 31, 2022 | 11.42 Mn |
| Sep 30, 2022 | 14.14 Mn |
| Jun 30, 2022 | 20.33 Mn |
| Mar 31, 2022 | 13.06 Mn |
| Dec 31, 2021 | 13.47 Mn |
| Sep 30, 2021 | 10.66 Mn |
| Jun 30, 2021 | -5.98 Mn |
| Mar 31, 2021 | -5.98 Mn |
| Dec 31, 2020 | 7.16 Mn |