v3.26.1
INVENTORY
6 Months Ended
Jun. 30, 2026
INVENTORY  
INVENTORY

(3)

INVENTORY

Inventory is valued at the lower of cost or net realizable value (“NRV”). Coal inventory includes NRV adjustments of $0.1 million as of June 30, 2026, and December 31, 2025. During 2025, as part of the Company’s routine inventory reconciliation process, a downward adjustment of $2.6 million was recorded to coal inventory.