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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
SALES AND OPERATING REVENUES:        
Other revenues $ 945 $ 1,522 $ 3,888 $ 5,187
Total revenue 165,768 85,084 515,296 209,920
EXPENSES:        
Operating expenses 119,042 64,557 367,983 170,552
Depreciation, depletion and amortization 16,230 11,187 51,375 31,882
Asset retirement obligations accretion 468 255 1,380 751
Exploration costs 171 121 682 393
General and administrative 6,054 3,569 18,596 10,440
Total operating expenses 141,965 79,689 440,016 214,018
INCOME (LOSS) FROM OPERATIONS 23,803 5,395 75,280 (4,098)
Interest expense (1) [1] (3,030) (3,355) (10,470) (7,476)
Loss on extinguishment of debt (1,491) 0 (1,491) 0
Equity method investment (loss) income (177) 168 (325) 506
NET INCOME (LOSS) BEFORE INCOME TAXES 19,105 2,208 62,994 (11,068)
INCOME TAX EXPENSE (BENEFIT):        
Current (178) 0 315 0
Deferred 3,208 596 7,638 840
Total income tax expense 3,030 596 7,953 840
NET INCOME (LOSS) $ 16,075 $ 1,612 $ 55,041 $ (11,908)
NET INCOME (LOSS) PER SHARE:        
Basic (in dollars per share) $ 0.49 $ 0.05 $ 1.66 $ (0.38)
Diluted (in dollars per share) $ 0.44 $ 0.05 $ 1.52 $ (0.38)
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 33,140 32,983 33,088 31,727
Diluted (in shares) 36,848 33,268 36,748 31,727
(1) Interest Expense:        
Interest on bank debt $ 2,006 $ 2,133 $ 6,316 $ 5,555
Other interest 422 227 1,316 285
Amortization and swap-related interest:        
Payments on interest rate swap, net of changes in value 0 0 0 (867)
Amortization of debt issuance costs 602 995 2,838 2,503
Total amortization and swap related interest 602 995 2,838 1,636
Total interest expense [1] 3,030 3,355 10,470 7,476
Coal Sales [Member]        
SALES AND OPERATING REVENUES:        
Revenues 97,420 83,562 280,596 204,733
Electric Sales [Member]        
SALES AND OPERATING REVENUES:        
Revenues $ 67,403 $ 230,812 $ 0
[1] Interest Expense: