Note 18 - Segments of Business

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

(18) SEGMENTS OF BUSINESS

As of March 31, 2024, our operations are divided into two primary reportable segments, the Electric Operations and Coal 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, LLC, which the Company accounts 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 March 31,
	2024			2023
	(in thousands)
Operating revenues
Electric operations	$	58,912		$	92,494
Coal operations		66,870			95,273
Corporate and other and eliminations		(16,110	)		567
Consolidated operating revenues	$	109,672		$	188,334
Income (loss) from operations
Electric operations	$	15,247		$	18,705
Coal operations		(11,457	)		13,088
Corporate and other and eliminations		(1,057	)		(2,560	)
Consolidated income (loss) from operations	$	2,733		$	29,233
Depreciation, depletion and amortization
Electric operations	$	4,697		$	4,675
Coal operations		10,728			13,275
Corporate and other and eliminations		18			26
Consolidated depreciation, depletion and amortization	$	15,443		$	17,976
Assets
Electric operations	$	211,116		$	218,132
Coal operations		370,292			391,248
Corporate and other and eliminations		4,012			7,247
Consolidated assets	$	585,420		$	616,627
Capital expenditures
Electric operations	$	6,242		$	843
Coal operations		8,632			12,639
Corporate and other and eliminations		—			—
Consolidated capital expenditures	$	14,874		$	13,482