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INVENTORIES
9 Months Ended
Sep. 30, 2023
INVENTORIES  
INVENTORIES

4.INVENTORIES

Inventories consist of the following:

    

September 30, 

December 31, 

2023

    

2022

 

(in thousands)

Coal

$

67,965

$

23,553

Supplies (net of reserve for obsolescence of $7,869 and $6,601, respectively)

 

67,903

 

53,773

Total inventories, net

$

135,868

$

77,326

During the nine months ended September 30, 2023, we recorded lower of cost or net realizable value adjustments of $14.2 million to our coal inventories as a result of lower coal sale prices and higher cost per ton primarily due to the impact of the Mettiki longwall being idle since June 2023 as a result of delayed development of a new longwall district.