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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
SALES AND OPERATING REVENUES:        
Other revenues $ 1,267 $ 1,603 $ 2,554 $ 2,943
Total sales and operating revenues 90,914 161,194 200,586 349,528
EXPENSES:        
Fuel 10,439 32,641 18,498 88,614
Other operating and maintenance costs 35,912 41,908 73,394 74,428
Utilities 3,396 4,343 7,770 8,840
Labor 26,555 36,528 61,723 77,059
Depreciation, depletion and amortization 13,649 17,169 29,092 35,145
Asset retirement obligations accretion 399 461 798 912
Exploration costs 47 305 117 511
General and administrative 7,803 5,595 13,747 12,542
Total operating expenses 98,200 138,950 205,139 298,051
INCOME (LOSS) FROM OPERATIONS (7,286) 22,244 (4,553) 51,477
Interest expense (1) (3,735) (3,541) (7,672) (7,440)
Loss on extinguishment of debt (1,937) 0 (2,790) 0
Equity method investment (loss) (257) (217) (506) (148)
NET INCOME (LOSS) BEFORE INCOME TAXES (13,215) 18,486 (15,521) 43,889
INCOME TAX EXPENSE (BENEFIT):        
Current 0 61 0 493
Deferred (3,011) 1,510 (3,621) 4,430
Total income tax expense (benefit) (3,011) 1,571 (3,621) 4,923
NET INCOME (LOSS) $ (10,204) $ 16,915 $ (11,900) $ 38,966
NET INCOME (LOSS) PER SHARE:        
Basic (in dollars per share) $ (0.27) $ 0.51 $ (0.32) $ 1.18
Diluted (in dollars per share) $ (0.27) $ 0.47 $ (0.32) $ 1.08
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 37,879 33,137 37,026 33,061
Diluted (in shares) 37,879 36,708 37,026 36,696
(1) Interest Expense:        
Interest on bank debt $ 2,779 $ 2,055 $ 5,584 $ 4,310
Other interest 547 462 1,275 894
Amortization:        
Amortization of debt issuance costs 409 1,024 813 2,236
Total amortization 409 1,024 813 2,236
Total interest expense 3,735 3,541 7,672 7,440
Electric Sales [Member]        
SALES AND OPERATING REVENUES:        
Revenues 56,846 71,017 115,601 163,409
Coal Sales [Member]        
SALES AND OPERATING REVENUES:        
Revenues $ 32,801 $ 88,574 $ 82,431 $ 183,176