Total Revenue

Up 80% (from $565.042 million in Q1 2024 to $1,017.406 million in Q1 2025)

Total Revenue surged primarily due to the strong performance in Coal Revenue, which nearly doubled. The higher contribution from export markets (accounting for about 61% of total revenue) also amplified the growth, contrasting with the previous period's lower export contribution. " " "

Coal Revenue

Up 86% (from $447.927 million in Q1 2024 to $835.804 million in Q1 2025)

This significant increase is likely driven by higher sales volumes and improved pricing, especially in export markets. Compared to the previous period where lower average prices and volumes moderated revenue, the current period reflects a recovery and strong market demand boosting coal sales. " "

Terminal Revenue

Down 80% (from $24.528 million in Q1 2024 to $4.956 million in Q1 2025)

The sharp decline in Terminal Revenue may be attributed to reduced handling activity and lower demand for transloading services. This contrasts with previous periods where higher volumes and favorable service contracts generated more revenue, indicating a possible shift in customer demand or operational adjustments. " " " " "

Net Cash Used in Operating Activities

Q1 2025 stands at $(109,638) thousand, reflecting increased operational cash outflow compared to Q1 2024

The increase in cash usage reflects ongoing pressure from lower realized coal revenue per ton and additional operational costs, such as those incurred from events like the combustion incident at the Leer South mine. This continues a trend seen previously where operational challenges impacted cash flows. "