v3.25.2
Business Segments
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Business Segments Business Segments
Our operating segments are: (i) Utility Coal Mining, (ii) Contract Mining and (iii) Minerals and Royalties. We determine our reportable segments by first identifying our operating segments, and then by assessing whether any components of these segments constitute a business for which discrete financial information is available and where segment management regularly reviews the operating results of that component. Our President and Chief Executive Officer, who is the Chief Operating Decision Maker (CODM), utilizes Operating profit (loss) to evaluate segment performance and allocate resources. Our CODM considers actual, budgeted and forecasted Operating profit (loss) from operations on a monthly basis for evaluating the performance of each segment and making decisions about allocating capital and other resources to each segment. See Note 1 for a discussion of our reportable segments.

All financial statement line items below operating profit (other income, including interest expense and interest income, the provision (benefit) for income taxes and net income) are presented and discussed within this Form 10-Q on a consolidated basis.
The following table provides segment financial information and a reconciliation of segment results to consolidated results:
 THREE MONTHS ENDEDSIX MONTHS ENDED
 JUNE 30JUNE 30
 2025 20242025 2024
Revenues
Utility Coal Mining$28,626  $14,996 $47,865 $30,541 
Contract Mining30,723  27,920 62,249 52,403 
Minerals and Royalties7,268 5,593 18,170 15,994 
Unallocated Items2,223 4,566 6,623 7,828 
Eliminations(605)(730)(1,101)(1,132)
Total$68,235  $52,345 $133,806 $105,634 
Cost of sales
Utility Coal Mining$30,327 $16,138 $52,897 $37,081 
Contract Mining28,659 24,254 57,03745,925
Minerals and Royalties986 1,501 3,2302,865
Unallocated Items2,051 4,167 5,2886,879
Eliminations(608)(733)(1,120)(1,152)
Total$61,415 $45,327 $117,332 $91,598 
Earnings of unconsolidated operations
Utility Coal Mining$11,656 $12,006 $26,119 $24,013 
Contract Mining1,232 1,448 2,201 2,813 
Minerals and Royalties251 138 805 73 
Unallocated Items(1)— (1)— 
Total$13,138 $13,592 $29,124 $26,899 
Operating expenses (income)*
Utility Coal Mining$8,733 $8,097 $16,074 $15,123 
Contract Mining2,286 2,029 4,433 3,851 
Minerals and Royalties1,328 (3,361)2,633 (2,319)
Unallocated Items7,662 6,479 14,827 12,157 
Total$20,009 $13,244 $37,967 $28,812 
Operating (loss) profit   
Utility Coal Mining$1,222  $2,767 $5,013 $2,350 
Contract Mining1,010  3,085 2,9805,440
Minerals and Royalties5,205 7,591 13,11215,521
Unallocated Items(7,491)(6,080)(13,493)(11,208)
Eliminations3 3 1920
Total$(51) $7,366 $7,631 $12,123 

*Operating expenses (income) consist of Selling, general and administrative expenses, Amortization of intangible assets and Gain on sale of assets.
THREE MONTHS ENDEDSIX MONTHS ENDED
JUNE 30JUNE 30
2025202420252024
Expenditures for property, plant and equipment and acquisition of mineral interests
Utility Coal Mining$1,433 $1,913 $2,050 $3,707 
Contract Mining1,032 5,168 7,786 10,986 
Minerals and Royalties— 10 807 146 
Unallocated Items677 827 1,307 7,562 
Total$3,142  $7,918 $11,950 $22,401 
Depreciation, depletion and amortization
Utility Coal Mining$2,132 $2,896 $4,150 $5,110 
Contract Mining2,917 2,434 5,619 4,690 
Minerals and Royalties845 1,323 2,753 2,316 
Unallocated Items197 354 362 583 
Total$6,091 $7,007 $12,884 $12,699 
JUNE 30
2025		DECEMBER 31
2024
 Total assets
Utility Coal Mining$117,201 $125,301 
Contract Mining212,254 204,889 
Minerals and Royalties96,247 99,905 
Unallocated Items**
205,610 201,592 
Total$631,312 $631,687 

**Unallocated Items consist primarily of Cash and cash equivalents, assets of growth businesses, Deferred income taxes and Investments in unconsolidated subsidiaries.