SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2025

SEGMENT REPORTING

Schedule of the Company's reportable segment information

The following tables present the Company’s reportable segment information:


			Year Ended December 31, 2025
(In thousands)			Metallurgical Coal			REE & Critical Minerals			Total

Revenue		$	536,618		$	-		$	536,618

Significant segment expenses:
Cost of sales (exclusive of transportation costs)			(378,062)			-			(378,062)
Transportation costs			(75,327)			-			(75,327)
Selling, general, and administrative ^(a)			(18,941)			(18,355)			(37,296)
Other segment items ^(b)			5,101			78			5,179
Segment Adjusted EBITDA			69,389			(18,277)			51,112

Corporate expenses^(c)									(11,998)
Stock-based compensation									(17,569)
Asset retirement obligations accretion									(1,667)
Depreciation, depletion, and amortization									(68,155)
Other expense									(5,559)
Other non-operating									(500)
Interest expense, net									(7,804)
Income tax benefit (expense)									10,694

Net (loss) income								$	(51,446)

Segment capital expenditures		$	61,738		$	4,546		$	66,284
Other capital expenditures^(d)									23
Total capital expenditures (including accrued capital expenditures and capitalized interest)								$	66,307

^(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.


			Year Ended December 31, 2024
(In thousands)			Metallurgical Coal			REE & Critical Minerals			Total

Revenue		$	666,295		$	-		$	666,295

Significant segment expenses:
Cost of sales (exclusive of transportation costs) ^(a)			(422,297)			-			(422,297)
Transportation costs			(106,241)			-			(106,241)
Selling, general, and administrative ^(b)			(25,904)			(4,755)			(30,659)
Other segment items ^(c)			7,661			(1,522)			6,139
Segment Adjusted EBITDA			119,514			(6,277)			113,237

Corporate expenses ^(d)									(5,916)
Stock-based compensation									(17,466)
Asset retirement obligations accretion									(1,465)
Depreciation, depletion, and amortization									(65,615)
Other expenses									(1,732)
Interest expense, net									(6,123)
Income tax benefit (expense)									(3,728)

Net (loss) income								$	11,192

Segment capital expenditures		$	71,200		$	196		$	71,397
Other capital expenditures^(e)									260
Total capital expenditures (including accrued capital expenditures and capitalized interest)								$	71,657

^(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.


			Year Ended December 31, 2023
(In thousands)			Metallurgical Coal			REE & Critical Minerals			Total

Revenue		$	693,524		$	-		$	693,524

Significant segment expenses:
Cost of sales (exclusive of transportation costs) ^(a)			(384,205)			-			(384,205)
Transportation costs			(105,739)			-			(105,739)
Selling, general, and administrative ^(b)			(28,426)			(4,255)			(32,681)
Other segment items ^(c)			23,444			(1,145)			22,299
Segment Adjusted EBITDA			198,598			(5,400)			193,198

Corporate expenses ^(d)									(7,094)
Stock-based compensation									(12,905)
Asset retirement obligations accretion									(1,403)
Depreciation, depletion, and amortization									(54,252)
Other expenses									(3,978)
Interest expense, net									(8,903)
Income tax benefit (expense)									(22,350)

Net (loss) income								$	82,313

Segment capital expenditures		$	75,770		$	30		$	75,800
Other capital expenditures^(e)									26
Total capital expenditures (including accrued capital expenditures and capitalized interest)								$	75,826

^(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 of $3.8 million, 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.