Note 15 - Segments of Business

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

(15) SEGMENTS OF BUSINESS

As of September 30, 2023, our operations are divided into two primary reportable segments, the Coal Operations and Electric Operations segments.  The remainder of our operations, which are not significant enough on a stand-alone basis to warrant treatment as an operating segment, are presented as "Corporate and Other and Eliminations" and primarily are comprised of unallocated corporate costs and activities, the elimination of coal sales from coal operations to electric operations, a 50% interest in Sunrise Energy, LLC, a private gas exploration company with operations in Indiana, which we account for using the equity method, and our wholly-owned subsidiary Summit Terminal LLC, a logistics transport facility located on the Ohio River.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2023			2022			2023			2022
	(in thousands)						(in thousands)
Operating Revenues
Coal Operations	$	134,896		$	84,530		$	343,267		$	208,190
Electric Operations		67,544			-			231,141			-
Corporate and Other and Eliminations		(36,672	)		554			(59,112	)		1,730
Consolidated Operating Revenues	$	165,768		$	85,084		$	515,296		$	209,920
Income (Loss) from Operations
Coal Operations	$	24,764		$	6,098		$	64,215		$	580
Electric Operations		(2,676	)		(991	)		25,285			(991	)
Corporate and Other and Eliminations		1,715			288			(14,220	)		(3,687	)
Consolidated Income (Loss) from Operations	$	23,803		$	5,395		$	75,280		$	(4,098	)
Depreciation, Depletion and Amortization
Coal Operations	$	11,508		$	11,149		$	37,249		$	31,772
Electric Operations		4,695			-			14,045			-
Corporate and Other and Eliminations		27			38			81			110
Consolidated Depreciation, Depletion and Amortization	$	16,230		$	11,187		$	51,375		$	31,882
Assets
Coal Operations	$	375,682		$	374,223		$	375,682		$	374,223
Electric Operations		209,455			351			209,455			351
Corporate and Other and Eliminations		49			8,787			49			8,787
Consolidated Assets	$	585,186		$	383,361		$	585,186		$	383,361
Capital Expenditures
Coal Operations	$	11,570		$	15,097		$	38,654		$	38,000
Electric Operations		6,566			344			10,092			344
Corporate and Other and Eliminations		-			-			-			-
Consolidated Capital Expenditures	$	18,136		$	15,441		$	48,746		$	38,344