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Segment Information
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION:
Prior to the completion of the Merger, the Company consisted of two reportable segments, the PAMC segment and the CONSOL Marine Terminal segment. Following completion of the Merger, the Company adjusted its internal reporting structure and the Company's CODM changed the manner in which he measures financial performance and allocates resources. Thus, the Company reassessed its reporting segments and the Company now consists of four reportable segments: (1) the High CV Thermal segment; (2) the Metallurgical segment; (3) the Powder River Basin (“PRB”) segment; and (4) the Baltimore Marine Terminal segment. Accordingly, the manner in which the Company reports its operations has been changed retrospectively, and all relevant prior period amounts have been recast to reflect this change.
The Company reports segment information based on the “management” approach. The management approach designates the internal reporting used by management to make decisions on and assess performance of the Company’s reportable segments. The Company manages its segments by market and coal quality, not by individual mining complex or geographic region. The High CV Thermal segment contains the Company’s High CV Thermal operations in Pennsylvania, West Virginia, and Colorado; the Metallurgical segment contains the Company’s metallurgical operations in West Virginia; the PRB segment contains the Company’s surface mining complexes in Wyoming; and the Baltimore Marine Terminal segment contains the Company's coal export terminal operations in the Port of Baltimore. The Company’s Other segment includes revenue and expenses from various corporate and diversified business activities that are not allocated to the High CV Thermal, Metallurgical, PRB or Baltimore Marine Terminal segments. The diversified business activities currently include the carbon products and materials businesses led by CONSOL Innovations LLC, the Greenfield Reserves and Resources, corporate overhead, closed and idle mine activities, land management activities, certain other income, income or loss from the Company's equity investment in DTA and gain on asset sales related to non-core assets. Additionally, interest expense and income taxes, as well as various other non-operated activities, none of which are individually significant to the Company, are also reflected in the Company's Other segment and are not allocated to the High CV Thermal, Metallurgical, PRB or Baltimore Marine Terminal segments.
The Company’s CODM is the chief executive officer, who utilizes Adjusted EBITDA to monitor each segment. Adjusted EBITDA removes financial activity not related to ongoing operations, which allows for a review of more streamlined operating results. It is used by the CODM to review the budget versus actual results and to evaluate the operating performance of each segment. This review and evaluation is utilized by the CODM to determine the best allocation of resources across the segments and for other business purposes.
Reportable segment results for the three months ended June 30, 2025 were:
High CV Thermal Metallurgical PRBBaltimore Marine TerminalOther, Corporate and Eliminations Consolidated
Revenues$606,500 $299,994 $186,872 $22,572 $(13,577)$1,102,361 
Cash Costs of Revenue331,058 214,365 168,246 7,578 3,211 
Transportation Costs99,084 67,088 2,460 — (18,032)
Other Segment Items(1)
— 21,243 — — 61,790 
Adjusted EBITDA$176,358 $(2,702)$16,166 $14,994 $(60,546)$144,270 
Segment Assets$2,072,304 $2,334,353 $361,452 $87,156 $1,353,473 $6,208,738 
Capital Expenditures$48,175 $30,509 $2,413 $1,538 $6,550 $89,185 
Reportable segment results for the three months ended June 30, 2024 were:
High CV ThermalMetallurgicalPRBBaltimore Marine TerminalOther, Corporate and Eliminations Consolidated
Revenues$454,752 $27,503 $— $12,020 $(3,555)$490,720 
Cash Costs of Revenue230,262 33,842 — 6,135 3,263 
Transportation Costs70,310 2,623 — — (7,293)
Other Segment Items(1)
928 — — — 26,112 
Adjusted EBITDA$153,252 $(8,962)$— $5,885 $(25,637)$124,538 
Segment Assets$1,665,463 $118,842 $— $85,445 $840,704 $2,710,454 
Capital Expenditures$47,043 $1,886 $— $3,737 $2,742 $55,408 
Reportable segment results for the six months ended June 30, 2025 were:
High CV Thermal Metallurgical PRBBaltimore Marine TerminalOther, Corporate and Eliminations Consolidated
Revenues$1,148,586 $604,574 $349,461 $43,798 $(26,652)$2,119,767 
Cash Costs of Revenue634,619 425,140 301,404 15,403 6,038 
Transportation Costs192,813 144,070 5,200 — (34,302)
Other Segment Items(1)
— 57,649 — — 103,978 
Adjusted EBITDA$321,154 $(22,285)$42,857 $28,395 $(102,366)$267,755 
Segment Assets$2,072,304 $2,334,353 $361,452 $87,156 $1,353,473 $6,208,738 
Capital Expenditures$82,170 $54,473 $4,909 $2,780 $9,675 $154,007 
Reportable segment results for the six months ended June 30, 2024 were:
High CV Thermal Metallurgical PRBBaltimore Marine TerminalOther, Corporate and Eliminations Consolidated
Revenues$951,481 $62,599 $— $36,548 $(13,219)$1,037,409 
Cash Costs of Revenue472,698 68,468 — 13,304 5,457 
Transportation Costs150,852 5,979 — — (21,349)
Other Segment Items(1)
(1,322)— — — 37,031 
Adjusted EBITDA$329,253 $(11,848)$— $23,244 $(34,358)$306,291 
Segment Assets$1,665,463 $118,842 $— $85,445 $840,704 $2,710,454 
Capital Expenditures$84,001 $4,979 $— $4,800 $3,980 $97,760 
(1) Other segment items include other non-operating income, general and administrative costs, and other non-operating expenses that are not part of each segment's ongoing operations.
For the three and six months ended June 30, 2025 and 2024, 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,
2025202420252024
Customer A*$60,982 *$107,468 
Customer B***$109,828 
Customer C***$108,921 
* Revenues from these customers during the periods presented were less than 10% of the Company's total sales.
Reconciliation of Segment Information to Consolidated Amounts:
Three Months Ended June 30, 2025
High CV ThermalMetallurgicalPRBBaltimore Marine TerminalOther, Corporate and Eliminations Consolidated
Earnings (Loss) Before Income Tax$124,337 $(78,019)$10,500 $13,600 $(99,858)$(29,440)
Interest Expense, net— — — — 3,650 3,650 
Depreciation, Depletion and Amortization52,021 75,317 5,666 1,394 34,865 169,263 
Other Adjustments— — — — 797 797 
Adjusted EBITDA$176,358 $(2,702)$16,166 $14,994 $(60,546)$144,270 
Three Months Ended June 30, 2024
High CV ThermalMetallurgicalPRBBaltimore Marine TerminalOther, Corporate and Eliminations Consolidated
Earnings (Loss) Before Income Tax$111,896 $(11,121)$— $4,709 $(38,396)$67,088 
Interest Expense, net— — — — 366 366 
Depreciation, Depletion and Amortization41,356 2,159 — 1,176 10,156 54,847 
Other Adjustments— — — — 2,237 2,237 
Adjusted EBITDA$153,252  $(8,962) $— $5,885 $(25,637) $124,538 
Six Months Ended June 30, 2025
High CV ThermalMetallurgicalPRBBaltimore Marine TerminalOther, Corporate and EliminationsConsolidated
Earnings (Loss) Before Income Tax$217,843 $(143,491)$26,411 $25,622 $(229,318)$(102,933)
Interest Expense, net— — — — 5,351 5,351 
Depreciation, Depletion and Amortization103,311 121,206 16,446 2,773 47,083 290,819 
Loss on Debt Extinguishment— — — — 11,680 11,680 
Other Adjustments— — — — 62,838 62,838 
Adjusted EBITDA$321,154 $(22,285)$42,857 $28,395 $(102,366)$267,755 
Six Months Ended June 30, 2024
High CV ThermalMetallurgicalPRBBaltimore Marine TerminalOther, Corporate and EliminationsConsolidated
Earnings (Loss) Before Income Tax$242,413 $(16,059)$— $20,976 $(61,508)$185,822 
Interest Expense, net— — — — 1,270 1,270 
Depreciation, Depletion and Amortization86,840 4,211 — 2,268 18,525 111,844 
Other Adjustments— — — — 7,355 7,355 
Adjusted EBITDA$329,253 $(11,848)$— $23,244 $(34,358)$306,291