v3.26.1
Revenue Recognition
 3 Months Ended
Mar. 31, 2026
Revenue Recognition [Abstract]  
Revenue Recognition Revenue Recognition
Refer to Note 1. “Summary of Significant Accounting Policies” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, for the Company’s policies regarding “Revenue” and “Accounts receivable, net.”
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.
Three Months Ended March 31, 2026
Seaborne ThermalSeaborne MetallurgicalPowder River BasinOther U.S. Thermal
Corporate and Other (1)
Consolidated
(Dollars in millions)
Thermal coal
Domestic$35.5 $— $289.5 $184.5 $— $509.5 
Export161.8 — — — — 161.8 
Total thermal197.3 — 289.5 184.5 — 671.3 
Metallurgical coal
Export— 282.3 — — — 282.3 
Total metallurgical— 282.3 — — — 282.3 
Other0.2 0.7 — — 18.8 19.7 
Revenue$197.5 $283.0 $289.5 $184.5 $18.8 $973.3 
Three Months Ended March 31, 2025
Seaborne ThermalSeaborne MetallurgicalPowder River BasinOther U.S. Thermal
Corporate and Other (1)
Consolidated
(Dollars in millions)
Thermal coal
Domestic$37.7 $— $275.5 $168.7 $— $481.9 
Export227.3 — — — — 227.3 
Total thermal265.0 — 275.5 168.7 — 709.2 
Metallurgical coal
Export— 219.7 — — — 219.7 
Total metallurgical— 219.7 — — — 219.7 
Other0.1 0.4 0.1 — 7.5 8.1 
Revenue$265.1 $220.1 $275.6 $168.7 $7.5 $937.0 
(1)    Corporate and Other includes the following:
Three Months Ended March 31,
20262025
(Dollars in millions)
Revenue from physical sale of coal (2)
$13.7 $4.0 
Other5.1 3.5 
Total Corporate and Other$18.8 $7.5 
(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. Primarily represents the difference between the price contracted with the customer and the price allocated to the reportable segment.
Accounts Receivable
“Accounts receivable, net” at March 31, 2026 and December 31, 2025 consisted of the following:
March 31, 2026December 31, 2025
 (Dollars in millions)
Trade receivables, net$254.1 $267.0 
Miscellaneous receivables, net55.4 47.9 
Accounts receivable, net$309.5 $314.9 
None of the above receivables included allowances for credit losses at March 31, 2026 or December 31, 2025. No charges for credit losses were recognized during the three months ended March 31, 2026 or 2025.