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Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Segment Reporting Information by Segment

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


	PAMC		CONSOL Marine Terminal		Other, Corporate and Eliminations		Consolidated
Coal Revenue	$	431,090	$	—	$	18,528	$	449,618
Terminal Revenue	—		22,676		—		22,676
Freight Revenue	64,507		—		3,865		68,372
Total Revenue from Contracts with Customers	$	495,597	$	22,676	$	22,393	$	540,666
Adjusted EBITDA	$	183,790	$	14,853	$	(13,135)	$	185,508
Segment Assets	$	1,616,224	$	83,422	$	959,869	$	2,659,515
Depreciation, Depletion and Amortization	$	50,663	$	1,181	$	6,948	$	58,792
Capital Expenditures	$	35,404	$	2,630	$	3,633	$	41,667

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


	PAMC		CONSOL Marine Terminal		Other, Corporate and Eliminations		Consolidated
Coal Revenue	$	465,643	$	—	$	6,915	$	472,558
Terminal Revenue	—		14,840		—		14,840
Freight Revenue	42,618		—		1		42,619
Total Revenue from Contracts with Customers	$	508,261	$	14,840	$	6,916	$	530,017
Adjusted EBITDA	$	179,516	$	8,328	$	(6,963)	$	180,881
Segment Assets	$	1,782,514	$	80,534	$	859,228	$	2,722,276
Depreciation, Depletion and Amortization	$	49,316	$	1,149	$	4,308	$	54,773
Capital Expenditures	$	50,112	$	2,248	$	6,035	$	58,395

Reportable segment results for the nine months ended September 30, 2023 are:


	PAMC		CONSOL Marine Terminal		Other, Corporate and Eliminations		Consolidated
Coal Revenue	$	1,515,603	$	—	$	58,493	$	1,574,096
Terminal Revenue	—		80,755		—		80,755
Freight Revenue	206,725		—		10,710		217,435
Total Revenue from Contracts with Customers	$	1,722,328	$	80,755	$	69,203	$	1,872,286
Adjusted EBITDA	$	784,819	$	59,324	$	(36,385)	$	807,758
Segment Assets	$	1,616,224	$	83,422	$	959,869	$	2,659,515
Depreciation, Depletion and Amortization	$	152,302	$	3,513	$	27,056	$	182,871
Capital Expenditures	$	99,706	$	4,329	$	13,714	$	117,749

Reportable segment results for the nine months ended September 30, 2022 are:


	PAMC		CONSOL Marine Terminal		Other, Corporate and Eliminations		Consolidated
Coal Revenue	$	1,457,595	$	—	$	24,073	$	1,481,668
Terminal Revenue	—		58,016		—		58,016
Freight Revenue	128,394		—		3,025		131,419
Total Revenue from Contracts with Customers	$	1,585,989	$	58,016	$	27,098	$	1,671,103
Adjusted EBITDA	$	541,753	$	37,882	$	(13,185)	$	566,450
Segment Assets	$	1,782,514	$	80,534	$	859,228	$	2,722,276
Depreciation, Depletion and Amortization	$	149,737	$	3,456	$	15,414	$	168,607
Capital Expenditures	$	84,763	$	2,608	$	47,085	$	134,456

Schedule of Revenue by Major Customers by Reporting Segments

For the three and nine months ended September 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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Customer A	$	72,335	*		$	207,746	*
Customer B	$	69,322	*		$	220,726	*

Customer C	*		$	100,635	*		$	311,707
Customer D	*		$	98,424	*		$	229,595

*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 September 30, 2023
	PAMC		CONSOL Marine Terminal		Other		Total Company
Net Income (Loss)	$	132,442	$	12,098	$	(43,815)	$	100,725
Income Tax Expense	—		—		21,032		21,032
Interest Expense	—		1,524		5,121		6,645
Interest Income	(723)		—		(3,301)		(4,024)
Depreciation, Depletion and Amortization	50,663		1,181		6,948		58,792
Stock-Based Compensation	1,408		50		218		1,676
Loss on Debt Extinguishment	—		—		662		662
Adjusted EBITDA	$	183,790	$	14,853	$	(13,135)	$	185,508


	Three Months Ended September 30, 2022
	PAMC		CONSOL Marine Terminal		Other		Total Company
Net Income (Loss)	$	210,855	$	5,602	$	(64,336)	$	152,121
Income Tax Expense	—		—		39,414		39,414
Interest Expense	—		1,528		10,434		11,962
Interest Income	(437)		—		(1,104)		(1,541)
Depreciation, Depletion and Amortization	49,316		1,149		4,308		54,773
Stock-Based Compensation	1,028		49		147		1,224
Loss on Debt Extinguishment	—		—		674		674
Equity Affiliate Adjustments	—		—		3,500		3,500
Fair Value Adjustment of Commodity Derivative Instruments	(81,246)		—		—		(81,246)
Adjusted EBITDA	$	179,516	$	8,328	$	(6,963)	$	180,881


	Nine Months Ended September 30, 2023
	PAMC		CONSOL Marine Terminal		Other		Total Company
Net Income (Loss)	$	627,053	$	50,981	$	(179,209)	$	498,825
Income Tax Expense	—		—		100,199		100,199
Interest Expense	—		4,576		19,503		24,079
Interest Income	(1,644)		—		(7,758)		(9,402)
Depreciation, Depletion and Amortization	152,302		3,513		27,056		182,871
Stock-Based Compensation	7,108		254		1,099		8,461
Loss on Debt Extinguishment	—		—		2,725		2,725


Adjusted EBITDA	$	784,819	$	59,324	$	(36,385)	$	807,758


	Nine Months Ended September 30, 2022
	PAMC		CONSOL Marine Terminal		Other		Total Company
Net Income (Loss)	$	372,408	$	29,569	$	(128,015)	$	273,962
Income Tax Expense	—		—		59,115		59,115
Interest Expense	205		4,589		34,641		39,435
Interest Income	(1,304)		—		(3,005)		(4,309)
Depreciation, Depletion and Amortization	149,737		3,456		15,414		168,607
Stock-Based Compensation	5,622		268		804		6,694
Loss on Debt Extinguishment	—		—		4,361		4,361
Equity Affiliate Adjustments	—		—		3,500		3,500
Fair Value Adjustment of Commodity Derivative Instruments	15,085		—		—		15,085
Adjusted EBITDA	$	541,753	$	37,882	$	(13,185)	$	566,450