| Schedule of the Company's reportable segment information |
The following tables present the Company’s reportable segment information: | | | | | | | | | | | | | Three Months Ended March 31, 2026 | (In thousands) | | | Metallurgical Coal | | | REE & Critical Minerals | | | Total | | | | | | | | | | | Revenue | | $ | 121,613 | | $ | - | | $ | 121,613 | | | | | | | | | | | Significant segment expenses: | | | | | | | | | | Cost of sales (exclusive of transportation costs) | | | (88,547) | | | - | | | (88,547) | Transportation costs | | | (19,967) | | | - | | | (19,967) | Selling, general, and administrative (a) | | | (6,215) | | | (6,614) | | | (12,829) | Other segment items (b) | | | 1,850 | | | 2 | | | 1,852 | Segment Adjusted EBITDA | | $ | 8,734 | | $ | (6,612) | | $ | 2,122 | | | | | | | | | | | Corporate expenses (c) | | | | | | | | | (2,548) | Stock-based compensation | | | | | | | | | (4,908) | Asset retirement obligations accretion | | | | | | | | | (506) | Depreciation, depletion, and amortization | | | | | | | | | (16,613) | Other expenses | | | | | | | | | (1,367) | Interest expense, net | | | | | | | | | (334) | Income tax benefit (expense) | | | | | | | | | 5,835 | | | | | | | | | | | Net (loss) income | | | | | | | | $ | (18,319) | | | | | | | | | | | Segment capital expenditures | | $ | 17,680 | | $ | 2,326 | | $ | 20,006 | Other capital expenditures (d) | | | | | | | | | - | Total capital expenditures (including accrued capital expenditures and capitalized interest) | | | | | | | | $ | 20,006 | | | | | | | | | | | (a) The primary differences between this significant segment expense and “Selling, general and administrative” within the Company’s Consolidated Statements of Operations relates to stock-based compensation and unallocated corporate costs, which are included in “Corporate expenses” and "Stock-based compensation" in the table above. Other differences are the result of excluding certain other costs because they are non-recurring and are not related to the segments’ underlying business performance. | (b) "Other segment items" consists of items within "Other income (expense), net" on the Company's Consolidated Statements of Operations, less idle and other non-recurring costs that are not related to the segments' underlying business performance. | (c) Corporate expenses represent costs incurred at the corporate offices that are not specifically attributable to the reportable segments. | (d) Includes amounts not allocated to the reportable segments, primarily related to corporate capital expenditures. |
| | | | | | | | | | | | | Three Months Ended March 31, 2025 | (In thousands) | | | Metallurgical Coal | | | REE & Critical Minerals | | | Total | | | | | | | | | | | Revenue | | $ | 134,656 | | $ | - | | $ | 134,656 | | | | | | | | | | | Significant segment expenses: | | | | | | | | | | Cost of sales (exclusive of transportation costs) (a) | | | (93,222) | | | - | | | (93,222) | Transportation costs | | | (18,998) | | | - | | | (18,998) | Selling, general, and administrative (b) | | | (4,693) | | | (4,183) | | | (8,876) | Other segment items (c) | | | 964 | | | - | | | 964 | Segment Adjusted EBITDA | | $ | 18,707 | | $ | (4,183) | | $ | 14,524 | | | | | | | | | | | Corporate expenses (d) | | | | | | | | | (4,277) | Stock-based compensation | | | | | | | | | (3,361) | Asset retirement obligations accretion | | | | | | | | | (402) | Depreciation, depletion, and amortization | | | | | | | | | (17,542) | Other expenses | | | | | | | | | (459) | Interest expense, net | | | | | | | | | (2,230) | Income tax benefit (expense) | | | | | | | | | 4,290 | | | | | | | | | | | Net (loss) income | | | | | | | | $ | (9,457) | | | | | | | | | | | Segment capital expenditures | | $ | 21,393 | | $ | 59 | | $ | 21,452 | Other capital expenditures (e) | | | | | | | | | - | Total capital expenditures (including accrued capital expenditures and capitalized interest) | | | | | | | | $ | 21,452 | | | | | | | | | | | (a) The difference between this significant segment expense and “Cost of sales” within the Company’s Consolidated Statements of Operations relates to transportation costs, which are presented as a separate significant segment expense, and alternative mineral development costs, which are included in “Selling, general, and administrative” in the Rare Earths and Critical Minerals segment in the table above. The presentation of these amounts conform to the current year presentation. | (b) The primary differences between this significant segment expense and “Selling, general and administrative” within the Company’s Consolidated Statements of Operations relates to stock-based compensation and unallocated corporate costs, which are included in “Corporate expenses” and "Stock-based compensation" in the table above, and alternative mineral development costs described above. | (c) "Other segment items" consists of items within "Other income (expense), net" on the Company's Consolidated Statements of Operations, less idle and other non-recurring costs that are not related to the segments' underlying business performance. | (d) Corporate expenses represent costs incurred at the corporate offices that are not specifically attributable to the reportable segments. | (e) Includes amounts not allocated to the reportable segments, primarily related to corporate capital expenditures. |
|