Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2026

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 Thermal		Seaborne Metallurgical		Powder River Basin		Other U.S. Thermal		Corporate and Other (1)		Consolidated
	(Dollars in millions)
Thermal coal
Domestic	$	35.5	$	—	$	289.5	$	184.5	$	—	$	509.5
Export	161.8		—		—		—		—		161.8
Total thermal	197.3		—		289.5		184.5		—		671.3
Metallurgical coal

Export	—		282.3		—		—		—		282.3
Total metallurgical	—		282.3		—		—		—		282.3
Other	0.2		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 Thermal		Seaborne Metallurgical		Powder River Basin		Other U.S. Thermal		Corporate and Other (1)		Consolidated
	(Dollars in millions)
Thermal coal
Domestic	$	37.7	$	—	$	275.5	$	168.7	$	—	$	481.9
Export	227.3		—		—		—		—		227.3
Total thermal	265.0		—		275.5		168.7		—		709.2
Metallurgical coal

Export	—		219.7		—		—		—		219.7
Total metallurgical	—		219.7		—		—		—		219.7
Other	0.1		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,
		2026		2025
		(Dollars in millions)


Revenue from physical sale of coal (2)		$	13.7	$	4.0

Other		5.1		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.

Schedule of Accounts Receivable

“Accounts receivable, net” at March 31, 2026 and December 31, 2025 consisted of the following:


	March 31, 2026		December 31, 2025
	(Dollars in millions)
Trade receivables, net	$	254.1	$	267.0
Miscellaneous receivables, net	55.4		47.9
Accounts receivable, net	$	309.5	$	314.9