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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 11,192 $ 82,313 $ 116,042
Adjustments to reconcile net income to net cash from operating activities:      
Accretion of asset retirement obligations 1,465 1,403 1,115
Depreciation, depletion, and amortization 65,615 54,252 41,194
Amortization of debt issuance costs 934 776 491
Stock-based compensation 17,466 12,905 8,222
(Gain)/loss on disposal of equipment (18)   756
Other income - gain on insurance recoveries   (10,192)  
Other income - gain on sale of mineral rights     (2,113)
Deferred income taxes 1,675 18,714 29,229
Changes in operating assets and liabilities:      
Accounts receivable 23,284 (55,692) 3,279
Prepaid expenses and other current assets 1,869 14,361 (14,378)
Inventories (6,195) 7,810 (29,182)
Other assets and liabilities (2,982) (430) 1,127
Accounts payable (4,834) 24,549 12,727
Accrued liabilities 3,194 10,267 19,361
Net cash provided by operating activities 112,665 161,036 187,870
Cash flows from investing activities:      
Capital expenditures (55,236) (82,904) (123,012)
Proceeds from sale of mineral rights 260   2,000
Insurance proceeds related to property, plant, and equipment   11,256  
Maben preparation plant capital expenditures (13,606)    
Capitalized interest (1,498) (1,137) (1,061)
Other (755) (608)  
Net cash used for investing activities (70,835) (72,211) (145,708)
Cash flows from financing activities:      
Proceeds from issuance of senior note debt (net of $2,340 commissions and fees) 55,160    
Proceeds from borrowings 141,500 130,000 42,000
Proceeds from stock options exercised 534   107
Payments of debt issuance costs (senior note debt) (657)    
Payment of dividends (24,602) (25,820) (20,041)
Repayment of borrowings (197,966) (127,514) (26,026)
Repayment of Ramaco Coal acquisition financing - related party   (40,000) (15,000)
Repayments of insurance financing (5,540) (5,207) (1,290)
Repayments of equipment finance leases (8,636) (6,659) (5,062)
Shares surrendered for withholding taxes payable (10,581) (7,317) (3,183)
Net cash used for financing activities (50,788) (82,517) (28,495)
Net change in cash and cash equivalents and restricted cash (8,958) 6,308 13,667
Cash and cash equivalents and restricted cash, beginning of period 42,781 36,473 22,806
Cash and cash equivalents and restricted cash, end of period 33,823 42,781 36,473
Supplemental cash flow information:      
Cash paid for interest (net of amounts capitalized) 4,756 8,113 5,997
Cash paid for income taxes 1,228 771 15,500
Cash received for income tax refund   11,758  
Non-cash investing and financing activities:      
Leased assets obtained under new financing leases 12,000 6,144 7,888
Financed equipment purchases     6,409
Capital expenditures included in accounts payable and accrued liabilities 12,447 4,939 13,404
Financed insurance 5,811 5,803 5,587
Financed insurance (2022 adjustment recorded in 2023)   (1,136)  
Accrued dividends and dividend equivalents payable $ 7,085 7,198 5,524
Ramaco Coal Asset Acquisition      
Cash flows from investing activities:      
Acquisition of assets     (11,738)
Non-cash investing and financing activities:      
Coal acquisition     56,551
Maben Asset Acquisition      
Cash flows from investing activities:      
Acquisition of Maben assets (bond recovery in 2023)   $ 1,182 (11,897)
Non-cash investing and financing activities:      
Coal acquisition     $ 21,000