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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Reportable Segment Results | Reportable segment results were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (Dollars in millions)
Revenue: |  |  |  |  |  |  |
Seaborne Thermal | $ | 307.5 |  |  | $ | 399.5 |  |  | $ | 591.4 |  |  | $ | 746.0 |
Seaborne Metallurgical | 294.3 |  |  | 372.5 |  |  | 541.3 |  |  | 660.9 |
Powder River Basin | 221.9 |  |  | 259.7 |  |  | 476.0 |  |  | 565.0 |
Other U.S. Thermal | 202.0 |  |  | 199.9 |  |  | 393.6 |  |  | 449.3 |
Corporate and Other | 16.3 |  |  | 37.2 |  |  | 23.3 |  |  | 211.6 |
Total | $ | 1,042.0 |  |  | $ | 1,268.8 |  |  | $ | 2,025.6 |  |  | $ | 2,632.8 |
Adjusted EBITDA: |  |  |  |  |  |  |
Seaborne Thermal | $ | 104.4 |  |  | $ | 197.5 |  |  | $ | 198.2 |  |  | $ | 361.5 |
Seaborne Metallurgical | 143.6 |  |  | 102.5 |  |  | 191.9 |  |  | 193.3 |
Powder River Basin | 17.8 |  |  | 26.2 |  |  | 34.2 |  |  | 62.0 |
Other U.S. Thermal | 35.4 |  |  | 51.9 |  |  | 81.9 |  |  | 116.1 |
Corporate and Other | 8.5 |  |  | (19.9) |  |  | (36.0) |  |  | 15.9 |
Total | $ | 309.7 |  |  | $ | 358.2 |  |  | $ | 470.2 |  |  | $ | 748.8 |
Reconciliation of Consolidated (Loss) Income from Continuing Operations, Net of Income Taxes to Adjusted EBITDA | A reconciliation of consolidated income from continuing operations, net of income taxes to Adjusted EBITDA follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (Dollars in millions)
Income from continuing operations, net of income taxes | $ | 210.8 |  |  | $ | 204.1 |  |  | $ | 256.5 |  |  | $ | 488.2 |
Depreciation, depletion and amortization | 82.9 |  |  | 80.6 |  |  | 162.7 |  |  | 156.9 |
Asset retirement obligation expenses | 12.9 |  |  | 15.5 |  |  | 25.8 |  |  | 30.9 |
Restructuring charges | 0.1 |  |  | 2.0 |  |  | 0.2 |  |  | 2.1 |
Asset impairment | — |  |  | — |  |  | — |  |  | 2.0 |
Provision for NARM and Shoal Creek losses | 1.9 |  |  | 33.7 |  |  | 3.7 |  |  | 33.7 |
Shoal Creek insurance recovery - property damage | (28.7) |  |  | — |  |  | (28.7) |  |  | — |
Changes in amortization of basis difference related to equity affiliates | (0.3) |  |  | (0.4) |  |  | (0.7) |  |  | (0.7) |
Interest expense, net of capitalized interest | 10.7 |  |  | 13.3 |  |  | 25.4 |  |  | 31.7 |
Net loss on early debt extinguishment | — |  |  | 2.0 |  |  | — |  |  | 8.8 |
Interest income | (16.8) |  |  | (23.1) |  |  | (36.0) |  |  | (36.2) |
Unrealized gains on derivative contracts related to forecasted sales | — |  |  | (40.3) |  |  | — |  |  | (159.0) |
Unrealized (gains) losses on foreign currency option contracts | (2.4) |  |  | (2.8) |  |  | 3.3 |  |  | (0.6) |
Take-or-pay contract-based intangible recognition | (0.8) |  |  | (0.6) |  |  | (1.5) |  |  | (1.2) |
Income tax provision | 39.4 |  |  | 74.2 |  |  | 59.5 |  |  | 192.2 |
Adjusted EBITDA | $ | 309.7 |  |  | $ | 358.2 |  |  | $ | 470.2 |  |  | $ | 748.8 |

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