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New words:
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added, adversely, AG, back, banned, BOF, bond, Branch, cap, case, categorized, Cayman, communicate, constrain, contracted, criteria, dispatch, distort, divestiture, eliminate, Elk, encountered, enhancing, ESG, established, exist, exporter, falling, fluctuating, force, forecasted, Furnace, greater, half, hedge, hedging, historically, hold, idled, importation, Indian, initially, intrinsic, larger, launched, led, LIBOR, lifting, location, macro, majeure, mark, mature, moderate, moderated, negotiated, offered, optimization, outlook, Oxygen, past, persistently, prevented, privately, professional, pursue, rated, reestablished, reopening, repaid, represent, repurchasing, restriction, revert, separate, shown, situation, staying, Suisse, suspension, tightening, underlie, unfavorable, unknown, utilized, voting, work
Financial report summary
?Competition
Peabody Energy Corp. - Ordinary Shares • Alliance Resource Partners • Cloud Peak Energy • Rhino Resource Partners • Cloud Peak Energy • American Resources Corporation - Ordinary Shares • Ramaco Resources Inc - Ordinary Shares • Warrior Met Coal • Alpha Metallurgical ResourcesManagement Discussion
- Revenues. Our revenues include sales to customers of coal produced at our operations and coal purchased from third parties. Transportation costs are included in cost of coal sales and amounts billed by us to our customers for transportation are included in revenues.
- On a consolidated basis, coal sales in the first quarter of 2024 were approximately $189.7 million, or 21.8%, less than in the first quarter of 2023, while tons sold decreased approximately 4.2 million tons, or 21.9%. Coal sales from Metallurgical operations decreased approximately $119.1 million, primarily due to decreased pricing. Thermal coal sales decreased approximately $70.6 million due to decreased volume partially offset by increased pricing primarily due to transportation on our export shipments. See the discussion in “Operational Performance” for further information about segment results.
- Cost of sales. Our cost of sales for the first quarter of 2024 decreased approximately $4.0 million, or 0.7%, versus the first quarter of 2023. The decrease in cost of sales is due to decreased sales sensitive costs of approximately $30.1 million and reduced repairs and supplies costs of approximately $22.0 million offset by increased compensation and benefit costs of approximately $28.8 million and transportation costs of approximately $14.0 million. See discussion in “Operational Performance” for further information about segment results.