XML 21 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
SALES AND OPERATING REVENUES:        
Other revenues $ 1,667 $ 945 $ 4,221 $ 3,888
Total sales and operating revenues 105,044 165,768 310,175 515,296
EXPENSES:        
Fuel 13,176 11,345 31,674 99,959
Other operating and maintenance costs 33,320 65,551 106,714 139,979
Cost of purchased power 3,149   7,694  
Utilities 3,185 4,507 10,955 13,347
Labor 26,721 37,639 88,444 114,698
Depreciation, depletion, and amortization 13,838 16,230 42,930 51,375
Asset retirement obligations accretion 410 468 1,208 1,380
Exploration costs 62 171 179 682
General and administrative 6,471 6,054 20,218 18,596
Total operating expenses 100,332 141,965 310,016 440,016
INCOME FROM OPERATIONS 4,712 23,803 159 75,280
Interest expense (1) (2,692) (3,030) (10,364) (10,470)
Loss on extinguishment of debt   (1,491) (2,790) (1,491)
Equity method investment (loss) (234) (177) (740) (325)
NET INCOME (LOSS) BEFORE INCOME TAXES 1,786 19,105 (13,735) 62,994
INCOME TAX EXPENSE (BENEFIT):        
Current   (178)   315
Deferred 232 3,208 (3,389) 7,638
Total income tax expense (benefit) 232 3,030 (3,389) 7,953
NET INCOME (LOSS) $ 1,554 $ 16,075 $ (10,346) $ 55,041
NET INCOME (LOSS) PER SHARE:        
Basic (in dollar per share) $ 0.04 $ 0.49 $ (0.27) $ 1.66
Diluted (in dollar per share) $ 0.04 $ 0.44 $ (0.27) $ 1.52
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 42,598 33,140 38,455 33,088
Diluted (in shares) 43,018 36,848 38,455 36,748
Interest Expense:        
Interest on bank debt $ 2,073 $ 2,006 $ 7,657 $ 6,316
Other interest 181 422 1,456 1,316
Amortization:        
Amortization of debt issuance costs 438 602 1,251 2,838
Total amortization 438 602 1,251 2,838
Total interest expense 2,692 3,030 10,364 10,470
Electric sales        
SALES AND OPERATING REVENUES:        
Revenues 71,715 67,403 191,861 230,812
Coal sales        
SALES AND OPERATING REVENUES:        
Revenues $ 31,662 $ 97,420 $ 114,093 $ 280,596