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Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company currently conducts its mining operations within the Central Appalachia (“CAPP”) coal basin located in the United States. The Company has one reportable operating segment: Met, which consists of six active mining complexes whose primary product is metallurgical quality coal that is extracted, processed, and marketed to domestic and international steel and coke producers. In addition to its primary product, thermal quality coal may also be produced as a by-product and marketed to domestic and international utilities and industrial customers. The segment’s equity method investment in DTA facilitates the export of coal to international customers. Segment operating results are regularly reviewed by the Company’s Chief Executive Officer, who is considered its Chief Operating Decision Maker (“CODM”).

Due to the cessation of mining activity within the Company’s former CAPP – Thermal operating segment in 2023, the Company’s CODM began to manage the Company on a consolidated basis in 2024. As a result, beginning with 2024, Met segment assets and operating results are consistent with consolidated assets and operating results.

During the fourth quarter of 2024, the Company adopted Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which required the Company to present the measure of profit or loss used by the CODM to allocate resources and assess performance whose measurement principles were most consistent with those used in its Consolidated Financial Statements. As a result, the Company changed its reported segment measure of profit and loss to net income.
Met reportable segment results for the three months ended March 31, 2025 and 2024 are as follows:

Three Months Ended March 31,
20252024
Coal revenues$529,667 $861,283 
Other revenues2,290 2,789 
Total revenues$531,957 $864,072 
Non-GAAP Cost of coal sales$414,669 $504,814 
Freight and handling costs83,924 133,724 
Idled and closed mine costs5,991 9,775 
Cost of coal sales (exclusive of items shown separately below)$504,584 $648,313 
Depreciation, depletion and amortization$43,910 $40,701 
Accretion on asset retirement obligations5,614 6,143 
Amortization of acquired intangibles1,357 1,675 
Selling, general and administrative expenses15,424 22,377 
Interest expense763 1,086 
Interest income(4,046)(3,971)
Equity loss in affiliates4,960 1,640 
Other segment items (1)
4,775 4,948 
Income tax (benefit) expense(11,437)14,165 
Total other expenses$61,320 $88,764 
Net (loss) income$(33,947)$126,995 
(1) Other segments items include Other operating loss and Miscellaneous expense, net.
Refer to the Company’s Condensed Consolidated Balance Sheets and Statements of Cash Flows for information on its consolidated assets and capital expenditures. The Company’s investment in equity method investees as of March 31, 2025 and December 31, 2024 was $45,448 and $41,072, respectively. No further segment level asset information is reviewed by the CODM.

The Company markets produced, processed and purchased coal to customers in the United States and in international markets. Revenue is tracked within the Company’s accounting records based on the product destination. The following tables present additional information on the Company’s revenues and top customers:
Three Months Ended March 31,
20252024
Total coal revenues$529,667 $861,283 
Total revenues$531,957 $864,072 
Export coal revenues$395,715 $701,301 
Export coal revenues as % of total coal revenues75 %81 %
Countries with export coal revenue exceeding 10% of total revenuesIndiaIndia, Brazil
Top customer as % of total revenues18 %16 %
Top 10 customers as % of total revenues73 %81 %
Number of customers exceeding 10% of total revenues34
As of March 31,
 20252024
Number of customers exceeding 10% of total trade accounts receivable, net33