XML 32 R4.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
SALES AND OPERATING REVENUES:    
Other revenues $ 10,074 $ 5,184
Total sales and operating revenues 469,466 404,159
EXPENSES:    
Fuel 63,854 49,343
Other operating and maintenance costs 129,246 118,364
Cost of purchased power 20,892 10,888
Utilities 16,801 15,914
Labor 110,678 116,164
Depreciation, depletion and amortization 41,222 65,626
Asset retirement obligations accretion 1,764 1,628
Exploration costs 216 260
General and administrative 26,226 26,527
Gain on disposal or abandonment of assets, net (2,489) (50)
Asset impairment 0 215,136
Settlement of litigation   2,750
Total operating expenses 408,410 622,550
INCOME FROM OPERATIONS 61,056 (218,391)
Interest income 602 235
Interest expense (16,896) (13,850)
Loss on extinguishment of debt (608) (2,790)
Equity method investment (loss) (450) (746)
NET INCOME (LOSS) BEFORE INCOME TAXES 43,704 (235,542)
INCOME TAX EXPENSE (BENEFIT):    
Current   (169)
Deferred 1,833 (9,235)
Total income tax expense (benefit) 1,833 (9,404)
NET INCOME (LOSS) $ 41,871 $ (226,138)
NET INCOME (LOSS) PER SHARE:    
Basic (in dollar per share) $ 0.98 $ (5.72)
Diluted (in dollar per share) $ 0.96 $ (5.72)
WEIGHTED AVERAGE SHARES OUTSTANDING    
Basic (in shares) 42,932 39,504
Diluted (in shares) 43,432 39,504
Interest Expense:    
Interest on bank debt $ 5,806 $ 9,286
Other interest 9,097 2,817
Amortization of debt issuance costs 1,993 1,747
Total interest expense 16,896 13,850
Electric sales    
SALES AND OPERATING REVENUES:    
Revenues 310,737 261,527
EXPENSES:    
NET INCOME (LOSS) BEFORE INCOME TAXES 43,704  
Coal sales    
SALES AND OPERATING REVENUES:    
Revenues $ 148,655 $ 137,448