v3.26.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
SALES AND OPERATING REVENUES:        
Other revenues $ 1,276,000 $ 2,066,000 $ 4,302,000 $ 8,364,000
Total sales and operating revenues 130,250,000 146,557,000 336,243,000 367,106,000
EXPENSES:        
Fuel 28,764,000 27,119,000 59,178,000 57,392,000
Other operating and maintenance costs 31,547,000 44,415,000 99,835,000 101,759,000
Cost of purchased power 11,103,000 2,074,000 34,599,000 11,086,000
Utilities 5,108,000 4,543,000 15,082,000 13,202,000
Labor 30,488,000 27,574,000 86,688,000 81,402,000
Depreciation, depletion and amortization 7,623,000 9,142,000 28,134,000 29,661,000
Asset retirement obligations accretion 427,000 446,000 1,251,000 1,310,000
Exploration costs 36,000 38,000 407,000 157,000
General and administrative 6,971,000 4,770,000 21,381,000 19,096,000
(Gain) loss on disposal or abandonment of assets, net 343,000 (2,334,000) 157,000 (2,410,000)
Total operating expenses 122,410,000 117,787,000 346,712,000 312,655,000
INCOME (LOSS) FROM OPERATIONS 7,840,000 28,770,000 (10,469,000) 54,451,000
Interest income 855,000 289,000 1,281,000 416,000
Interest expense [1] (6,007,000) (4,927,000) (13,753,000) (12,469,000)
Loss on extinguishment of debt (5,717,000) 0 (5,947,000) 0
Equity method investment (loss) 358,000 (248,000) (7,000) (287,000)
NET INCOME (LOSS) BEFORE INCOME TAXES (2,671,000) 23,884,000 (28,895,000) 42,111,000
INCOME TAX EXPENSE (BENEFIT):        
Current 0 0 0 0
Deferred 1,826,000 0 158,000 0
Total income tax expense (benefit) 1,826,000 0 158,000 0
NET INCOME (LOSS) $ (4,497,000) $ 23,884,000 $ (29,053,000) $ 42,111,000
NET INCOME (LOSS) PER SHARE:        
Basic (in USD per share) $ (0.10) $ 0.56 $ (0.62) $ 0.98
Diluted (in USD per share) $ (0.10) $ 0.55 $ (0.62) $ 0.97
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 47,145 43,007 46,937 42,869
Diluted (in shares) 47,145 43,434 46,937 43,287
Interest Expense:        
Interest on debt $ 3,408,000 $ 1,763,000 $ 5,249,000 $ 4,661,000
Other interest 1,923,000 2,585,000 7,027,000 6,208,000
Amortization of debt issuance costs 676,000 579,000 1,478,000 1,600,000
Total interest expense 6,007,000 4,927,000 13,753,000 12,469,000
Electric sales        
SALES AND OPERATING REVENUES:        
Total Sales 92,846,000 93,235,000 220,132,000 239,154,000
Coal sales        
SALES AND OPERATING REVENUES:        
Total Sales $ 36,128,000 $ 51,256,000 $ 111,809,000 $ 119,588,000
[1]
(1) Interest Expense:
Interest on bank debt$3,408 $1,763 $5,249 $4,661 
Other interest1,923 2,585 7,027 6,208 
Amortization of debt issuance costs676 579 1,478 1,600 
Total interest expense$6,007 $4,927 $13,753 $12,469