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Revenue Recognition
 12 Months Ended
Dec. 31, 2025
Revenue Recognition [Abstract]  
Revenue Recognition Revenue Recognition
Disaggregation of Revenue
Revenue by product type and market is set forth in the following tables. With respect to its seaborne reportable segments, the Company classifies as “Export” certain revenue from domestically-delivered coal under contracts in which the price is derived on a basis similar to export contracts.
Year Ended December 31, 2025
Seaborne ThermalSeaborne MetallurgicalPowder River BasinOther U.S. Thermal
Corporate and Other (1)
Consolidated
(Dollars in millions)
Thermal coal
Domestic$136.0 $— $1,153.0 $707.5 $— $1,996.5 
Export771.8 — — — — 771.8 
Total thermal907.8 — 1,153.0 707.5 — 2,768.3 
Metallurgical coal
Export— 1,034.8 — — — 1,034.8 
Total metallurgical— 1,034.8 — — — 1,034.8 
Other0.7 1.8 — (0.2)56.1 58.4 
Revenue$908.5 $1,036.6 $1,153.0 $707.3 $56.1 $3,861.5 
Year Ended December 31, 2024
Seaborne ThermalSeaborne MetallurgicalPowder River BasinOther U.S. Thermal
Corporate and Other (1)
Consolidated
 (Dollars in millions)
Thermal coal
Domestic$150.8 $— $1,096.4 $785.0 $— $2,032.2 
Export1,060.6 — — — — 1,060.6 
Total thermal1,211.4 — 1,096.4 785.0 — 3,092.8 
Metallurgical coal
Export— 1,049.5 — — — 1,049.5 
Total metallurgical— 1,049.5 — — — 1,049.5 
Other
2.5 6.1 2.4 37.6 45.8 94.4 
Revenue$1,213.9 $1,055.6 $1,098.8 $822.6 $45.8 $4,236.7 
Year Ended December 31, 2023
Seaborne ThermalSeaborne MetallurgicalPowder River BasinOther U.S. Thermal
Corporate and Other (1)
Consolidated
 (Dollars in millions)
Thermal coal
Domestic$136.4 $— $1,193.9 $867.7 $— $2,198.0 
Export1,192.5 — — — — 1,192.5 
Total thermal1,328.9 — 1,193.9 867.7 — 3,390.5 
Metallurgical coal
Export— 1,299.6 — — — 1,299.6 
Total metallurgical— 1,299.6 — — — 1,299.6 
Other0.8 2.3 4.2 20.5 228.8 256.6 
Revenue$1,329.7 $1,301.9 $1,198.1 $888.2 $228.8 $4,946.7 
(1)    Corporate and Other includes the following:
Year Ended December 31,
202520242023
(Dollars in millions)
Unrealized gains on derivative contracts related to forecasted sales$— $— $159.0 
Realized losses on derivative contracts related to forecasted sales— — (80.9)
Revenue from physical sale of coal (2)
35.4 27.8 109.4 
Other20.7 18.0 41.3 
 Total Corporate and Other$56.1 $45.8 $228.8 

(2)    Includes revenue recognized upon the physical sale of coal purchased from the Company’s reportable segments and sold to customers through the Company’s coal trading business, including as part of settling certain derivative contracts. Primarily represents the difference between the price contracted with the customer and the price allocated to the reportable segment.
Committed Revenue from Contracts with Customers
The Company expects to recognize revenue subsequent to December 31, 2025 of approximately $5.0 billion related to contracts with customers in which volumes and prices per ton were fixed or reasonably estimable at December 31, 2025. Approximately 33% of such amount is expected to be recognized over the next twelve months and the remainder thereafter. Actual revenue related to such contracts may differ materially for various reasons, including price adjustment features for coal quality and cost escalations, volume optionality provisions and potential force majeure events. This estimate of future revenue does not include any revenue related to contracts with variable prices per ton that cannot be reasonably estimated, such as the majority of seaborne metallurgical and seaborne thermal coal contracts where pricing is negotiated or settled quarterly or annually.
Accounts Receivable
“Accounts receivable, net” at December 31, 2025 and 2024 consisted of the following:
December 31,
20252024
 (Dollars in millions)
Trade receivables, net$267.0 $294.9 
Miscellaneous receivables, net47.9 64.4 
Accounts receivable, net$314.9 $359.3 
None of the above receivables included allowances for credit losses at December 31, 2025 or 2024. No charges for credit losses were recognized during the years ended December 31, 2025, 2024 or 2023.