Note 18 - Segments of Business

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

(18)     SEGMENTS OF BUSINESS

At December 31, 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, including a 50% interest in Sunrise Energy, which is accounted for using the equity method and our wholly-owned subsidiary Summit Terminal LLC, a logistics transport facility located on the Ohio River.

Year Ended December 31, (in thousands)	2023			2022
Operating Revenues
Coal Operations	$	435,425		$	293,344
Electric Operations	$	268,341		$	66,316
Corporate and Other and Eliminations	$	(69,286	)	$	2,331
Consolidated Operating Revenues	$	634,480		$	361,991
Income (Loss) from Operations
Coal Operations	$	63,600		$	3,736
Electric Operations	$	12,552		$	31,505
Corporate and Other and Eliminations	$	(11,140	)	$	(4,811	)
Consolidated Income (Loss) from Operations	$	65,012		$	30,430
Depreciation, Depletion and Amortization
Coal Operations	$	48,365		$	43,612
Electric Operations	$	18,739		$	3,117
Corporate and Other and Eliminations	$	107		$	146
Consolidated Depreciation, Depletion and Amortization	$	67,211		$	46,875
Assets
Coal Operations	$	376,387		$	376,228
Electric Operations	$	208,331		$	266,730
Corporate and Other and Eliminations	$	5,062		$	(12,404	)
Consolidated Assets	$	589,780		$	630,554
Capital Expenditures
Coal Operations	$	56,521		$	50,367
Electric Operations	$	18,831		$	3,653
Corporate and Other and Eliminations	$	-		$	-
Consolidated Capital Expenditures	$	75,352		$	54,020