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Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Segment Reporting Information by Segment

Reportable segment results for the three months ended June 30, 2023 are:


	PAMC		CONSOL Marine Terminal		Other		Adjustments and Eliminations		Consolidated
Coal Revenue	$	521,176	$	—	$	19,923	$	—	$	541,099
Terminal Revenue	—		31,368		—		—		31,368
Freight Revenue	77,882		—		3,674		—		81,556
Total Revenue from Contracts with Customers	$	599,058	$	31,368	$	23,597	$	—	$	654,023
Adjusted EBITDA	$	270,065	$	23,856	$	(17,971)	$	—	$	275,950
Segment Assets	$	1,682,118	$	82,326	$	913,905	$	—	$	2,678,349
Depreciation, Depletion and Amortization	$	50,268	$	1,176	$	13,084	$	—	$	64,528
Capital Expenditures	$	37,495	$	1,124	$	3,706	$	—	$	42,325

Reportable segment results for the three months ended June 30, 2022 are:


	PAMC		CONSOL Marine Terminal		Other		Adjustments and Eliminations		Consolidated
Coal Revenue	$	518,976	$	—	$	13,750	$	—	$	532,726
Terminal Revenue	—		21,779		—		—		21,779
Freight Revenue	47,386		—		3,025		—		50,411
Total Revenue from Contracts with Customers	$	566,362	$	21,779	$	16,775	$	—	$	604,916
Adjusted EBITDA	$	203,980	$	15,077	$	(2,718)	$	—	$	216,339
Segment Assets	$	1,735,635	$	80,238	$	904,613	$	—	$	2,720,486
Depreciation, Depletion and Amortization	$	49,465	$	1,142	$	7,273	$	—	$	57,880
Capital Expenditures	$	21,673	$	188	$	17,557	$	—	$	39,418

Reportable segment results for the six months ended June 30, 2023 are:


	PAMC		CONSOL Marine Terminal		Other		Adjustments and Eliminations		Consolidated
Coal Revenue	$	1,084,513	$	—	$	39,965	$	—	$	1,124,478
Terminal Revenue	—		58,079		—		—		58,079
Freight Revenue	142,219		—		6,844		—		149,063
Total Revenue from Contracts with Customers	$	1,226,732	$	58,079	$	46,809	$	—	$	1,331,620
Adjusted EBITDA	$	601,029	$	44,471	$	(23,250)	$	—	$	622,250
Segment Assets	$	1,682,118	$	82,326	$	913,905	$	—	$	2,678,349
Depreciation, Depletion and Amortization	$	101,639	$	2,332	$	20,108	$	—	$	124,079
Capital Expenditures	$	64,302	$	1,699	$	10,081	$	—	$	76,082

Reportable segment results for the six months ended June 30, 2022 are:


	PAMC		CONSOL Marine Terminal		Other		Adjustments and Eliminations		Consolidated
Coal Revenue	$	991,953	$	—	$	17,157	$	—	$	1,009,110
Terminal Revenue	—		43,176		—		—		43,176
Freight Revenue	85,775		—		3,025		—		88,800
Total Revenue from Contracts with Customers	$	1,077,728	$	43,176	$	20,182	$	—	$	1,141,086
Adjusted EBITDA	$	362,239	$	29,554	$	(6,224)	$	—	$	385,569
Segment Assets	$	1,735,635	$	80,238	$	904,613	$	—	$	2,720,486
Depreciation, Depletion and Amortization	$	100,421	$	2,307	$	11,106	$	—	$	113,834
Capital Expenditures	$	34,651	$	360	$	41,050	$	—	$	76,061

Schedule of Revenue by Major Customers by Reporting Segments

For the three and six months ended June 30, 2023 and 2022, the Company's reportable segments had revenues from the following customers, each comprising over 10% of the Company's total sales:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Customer A	$	70,725	$	67,174	$	145,034	*
Customer B	$	67,197	*		$	135,412	*
Customer C	*		*		$	151,404	*
Customer D	*		$	124,469	*		$	211,055
Customer E	*		$	64,874	*		$	131,164

*Revenues from these customers during the periods presented were less than 10% of the Company's total sales.

Schedule of Adjusted EBITDA

Reconciliation of Segment Information to Consolidated Amounts:


	Three Months Ended June 30, 2023
	PAMC		CONSOL Marine Terminal		Other		Total Company
Net Income (Loss)	$	218,636	$	21,094	$	(72,007)	$	167,723
Income Tax Expense	—		—		37,574		37,574
Interest Expense	—		1,526		5,629		7,155
Interest Income	(513)		—		(3,198)		(3,711)
Depreciation, Depletion and Amortization	50,268		1,176		13,084		64,528
Stock-Based Compensation	1,674		60		259		1,993
Loss on Debt Extinguishment	—		—		688		688
Adjusted EBITDA	$	270,065	$	23,856	$	(17,971)	$	275,950


	Three Months Ended June 30, 2022
	PAMC		CONSOL Marine Terminal		Other		Total Company
Net Income (Loss)	$	159,404	$	12,354	$	(45,467)	$	126,291
Income Tax Expense	—		—		23,223		23,223
Interest Expense	68		1,530		11,523		13,121
Interest Income	(452)		—		(987)		(1,439)
Depreciation, Depletion and Amortization	49,465		1,142		7,273		57,880
Stock-Based Compensation	1,066		51		152		1,269
Loss on Debt Extinguishment	—		—		1,565		1,565
Fair Value Adjustment of Commodity Derivative Instruments	(5,571)		—		—		(5,571)
Adjusted EBITDA	$	203,980	$	15,077	$	(2,718)	$	216,339


	Six Months Ended June 30, 2023
	PAMC		CONSOL Marine Terminal		Other		Total Company
Net Income (Loss)	$	494,611	$	38,883	$	(135,394)	$	398,100
Income Tax Expense	—		—		79,167		79,167
Interest Expense	—		3,052		14,382		17,434
Interest Income	(921)		—		(4,457)		(5,378)
Depreciation, Depletion and Amortization	101,639		2,332		20,108		124,079
Stock-Based Compensation	5,700		204		881		6,785
Loss on Debt Extinguishment	—		—		2,063		2,063


Adjusted EBITDA	$	601,029	$	44,471	$	(23,250)	$	622,250


	Six Months Ended June 30, 2022
	PAMC		CONSOL Marine Terminal		Other		Total Company
Net Income (Loss)	$	161,501	$	23,967	$	(63,627)	$	121,841
Income Tax Expense	—		—		19,701		19,701
Interest Expense	257		3,061		24,155		27,473
Interest Income	(866)		—		(1,902)		(2,768)
Depreciation, Depletion and Amortization	100,421		2,307		11,106		113,834
Stock-Based Compensation	4,595		219		656		5,470
Loss on Debt Extinguishment	—		—		3,687		3,687
Fair Value Adjustment of Commodity Derivative Instruments	96,331		—		—		96,331
Adjusted EBITDA	$	362,239	$	29,554	$	(6,224)	$	385,569