Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2019 | May 03, 2019 | |
Entity Registrant Name | Rhino Resource Partners LP | |
Entity Central Index Key | 0001490630 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2019 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business Flag | true | |
Entity Emerging Growth Company | false | |
Entity Ex Transition Period | false | |
Trading Symbol | RHNO | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2019 | |
Common Units [Member] | ||
Entity Common Stock, Shares Outstanding | 13,098,353 | |
Subordinated Units [Member] | ||
Entity Common Stock, Shares Outstanding | 1,143,171 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
CURRENT ASSETS: | ||
Cash and cash equivalents | $ 4,201 | $ 6,172 |
Accounts receivable, net of allowance for doubtful accounts ($0.7 million as of March 31, 2019 and December 31, 2018). | 16,981 | 15,126 |
Inventories | 11,420 | 6,573 |
Advance royalties, current portion | 366 | 548 |
Investment in available for sale securities | 1,872 | |
Prepaid expenses and other | 2,132 | 2,766 |
Total current assets | 35,100 | 33,057 |
PROPERTY, PLANT AND EQUIPMENT: | ||
At cost, including coal properties, mine development and construction costs | 450,591 | 450,888 |
Less accumulated depreciation, depletion and amortization | (282,437) | (277,029) |
Net property, plant and equipment | 168,154 | 173,859 |
Operating lease right-of-use assets (net) | 13,523 | |
Advance royalties, net of current portion | 8,366 | 8,026 |
Deposits - Workers' Compensation and Surety Programs | 8,266 | 8,266 |
Other non-current assets | 25,160 | 25,410 |
TOTAL | 258,569 | 248,618 |
CURRENT LIABILITIES: | ||
Accounts payable | 20,814 | 14,185 |
Accrued expenses and other | 10,840 | 10,107 |
Accrued preferred distributions | 300 | 3,210 |
Current portion of lease liabilities | 3,175 | |
Current portion of long-term debt | 3,057 | 2,174 |
Current portion of asset retirement obligations | 465 | 465 |
Total current liabilities | 38,651 | 30,141 |
NON-CURRENT LIABILITIES: | ||
Long-term debt, net | 21,208 | 22,458 |
Asset retirement obligations, net of current portion | 18,388 | 18,084 |
Operating lease liabilities, net of current portion | 9,971 | |
Other non-current liabilities | 41,495 | 41,500 |
Total non-current liabilities | 91,062 | 82,042 |
Total liabilities | 129,713 | 112,183 |
COMMITMENTS AND CONTINGENCIES (NOTE 13) | ||
PARTNERS' CAPITAL: | ||
Limited partners | 107,958 | 115,505 |
General partner | 8,760 | 8,792 |
Preferred partners | 15,000 | 15,000 |
Investment in Royal common stock (NOTE 11) | (4,126) | (4,126) |
Common unit warrants | 1,264 | 1,264 |
Total partners' capital | 128,856 | 136,435 |
TOTAL | $ 258,569 | $ 248,618 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Financial Position (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Statement of Financial Position [Abstract] | ||
Accounts receivable, allowance for doubtful accounts | $ 700 | $ 700 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
REVENUES: | ||
Total revenues | $ 58,737 | $ 54,800 |
COSTS AND EXPENSES: | ||
Cost of operations (exclusive of depreciation, depletion and amortization shown separately below) | 54,646 | 49,653 |
Freight and handling costs | 1,155 | 904 |
Depreciation, depletion and amortization | 5,549 | 5,427 |
Selling, general and administrative (exclusive of depreciation, depletion and amortization shown separately above) | 2,743 | 2,696 |
Loss/(gain) on sale/disposal of assets, net | 222 | (2,937) |
Total costs and expenses | 64,315 | 55,743 |
(LOSS) FROM OPERATIONS | (5,578) | (943) |
INTEREST AND OTHER (EXPENSE)/INCOME: | ||
Interest expense and other | (1,701) | (1,885) |
Interest income and other | 7 | |
Total interest and other (expense) | (1,701) | (1,878) |
(LOSS) BEFORE INCOME TAXES FROM CONTINUING OPERATIONS | (7,279) | (2,821) |
INCOME TAXES | ||
NET (LOSS) | (7,279) | (2,821) |
Other comprehensive income: | ||
Fair value adjustment for investment | 4,182 | |
Reclass for disposition | (2,644) | |
Total other comprehensive income | 1,538 | |
COMPREHENSIVE (LOSS) | (7,279) | (1,283) |
General Partner's [Member] | ||
INTEREST AND OTHER (EXPENSE)/INCOME: | ||
NET (LOSS) | $ (32) | $ (13) |
Net (loss)/income per limited partner unit, basic: | ||
Net (loss)/income per unit, basic | ||
Net (loss)/income per limited partner unit, diluted: | ||
Net (loss)/income per unit, diluted | ||
Weighted average number of limited partner units outstanding, basic: | ||
Weighted average number of limited partner units outstanding, basic | ||
Weighted average number of limited partner units outstanding, diluted: | ||
Weighted average number of limited partner units outstanding, diluted | ||
Common Unitholders' [Member] | ||
INTEREST AND OTHER (EXPENSE)/INCOME: | ||
NET (LOSS) | $ (6,941) | $ (2,856) |
Net (loss)/income per limited partner unit, basic: | ||
Net (loss)/income per unit, basic | $ (0.53) | $ (0.22) |
Net (loss)/income per limited partner unit, diluted: | ||
Net (loss)/income per unit, diluted | $ (0.53) | $ (0.22) |
Weighted average number of limited partner units outstanding, basic: | ||
Weighted average number of limited partner units outstanding, basic | 13,098,000 | 12,994,000 |
Weighted average number of limited partner units outstanding, diluted: | ||
Weighted average number of limited partner units outstanding, diluted | 13,098,000 | 12,994,000 |
Subordinated Unitholders' [Member] | ||
INTEREST AND OTHER (EXPENSE)/INCOME: | ||
NET (LOSS) | $ (606) | $ (252) |
Net (loss)/income per limited partner unit, basic: | ||
Net (loss)/income per unit, basic | $ (0.53) | $ (0.22) |
Net (loss)/income per limited partner unit, diluted: | ||
Net (loss)/income per unit, diluted | $ (0.53) | $ (0.22) |
Weighted average number of limited partner units outstanding, basic: | ||
Weighted average number of limited partner units outstanding, basic | 1,144,000 | 1,146,000 |
Weighted average number of limited partner units outstanding, diluted: | ||
Weighted average number of limited partner units outstanding, diluted | 1,144,000 | 1,146,000 |
Preferred Unitholders' [Member] | ||
INTEREST AND OTHER (EXPENSE)/INCOME: | ||
NET (LOSS) | $ 300 | $ 300 |
Net (loss)/income per limited partner unit, basic: | ||
Net (loss)/income per unit, basic | $ 0.20 | $ 0.20 |
Net (loss)/income per limited partner unit, diluted: | ||
Net (loss)/income per unit, diluted | $ 0.20 | $ 0.20 |
Weighted average number of limited partner units outstanding, basic: | ||
Weighted average number of limited partner units outstanding, basic | 1,500,000 | 1,500,000 |
Weighted average number of limited partner units outstanding, diluted: | ||
Weighted average number of limited partner units outstanding, diluted | 1,500,000 | 1,500,000 |
Coal Sales [Member] | ||
REVENUES: | ||
Total revenues | $ 57,863 | $ 54,272 |
Other Revenues [Member] | ||
REVENUES: | ||
Total revenues | $ 874 | $ 528 |
Consolidated Statements of Part
Consolidated Statements of Partners' Capital (Unaudited) - USD ($) $ in Thousands | Limited Partners Common Capital [Member] | Limited Partners Subordinated Capital [Member] | General Partner Capital [Member] | Preferred Partner Capital [Member] | Accumulated Other Comprehensive Income/(Loss) [Member] | Other [Member] | Total |
Balance at Dec. 31, 2017 | $ 52,850 | $ 77,383 | $ 8,855 | $ 15,000 | $ 4,220 | $ (2,862) | $ 155,446 |
Balance, shares at Dec. 31, 2017 | 12,994,000 | 1,146,000 | |||||
Net (loss)/income | $ (2,856) | $ (252) | (13) | 300 | (2,821) | ||
Preferred partner distribution earned | (300) | (300) | |||||
Reclass of disposition of Mammoth shares | (2,644) | (2,644) | |||||
Mark-to-market investment in Mammoth | 4,182 | 4,182 | |||||
Balance at Mar. 31, 2018 | $ 49,994 | $ 77,131 | 8,842 | 15,000 | 5,758 | (2,862) | 153,863 |
Balance, shares at Mar. 31, 2018 | 12,994,000 | 1,146,000 | |||||
Balance at Dec. 31, 2018 | $ 39,324 | $ 76,181 | 8,792 | 15,000 | (2,862) | 136,435 | |
Balance, shares at Dec. 31, 2018 | 13,098,000 | 1,144,000 | |||||
Net (loss)/income | $ (6,941) | $ (606) | (32) | 300 | (7,279) | ||
Preferred partner distribution earned | (300) | (300) | |||||
Reclass of disposition of Mammoth shares | |||||||
Mark-to-market investment in Mammoth | |||||||
Balance at Mar. 31, 2019 | $ 32,383 | $ 75,575 | $ 8,760 | $ 15,000 | $ (2,862) | $ 128,856 | |
Balance, shares at Mar. 31, 2019 | 13,098,000 | 1,144,000 |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | |||
Net (loss) | $ (7,279) | $ (2,821) | |
Adjustments to reconcile net (loss) to net cash provided by operating activities: | |||
Depreciation, depletion and amortization | 5,549 | 5,427 | |
Accretion on asset retirement obligations | 319 | 315 | $ 1,269 |
Amortization of advance royalties | 407 | 185 | |
Amortization of debt issuance costs | 516 | 395 | |
Amortization of debt discount | 105 | 105 | |
Loss on retirement of advance royalties | 112 | 108 | |
(Gain)/loss on sale/disposal of assets-net | 655 | (31) | |
(Gain) on sale of Mammoth shares | (433) | (2,906) | |
Changes in assets and liabilities: | |||
Accounts receivable | (1,855) | 3,268 | |
Inventories | (4,847) | 107 | |
Advance royalties | (677) | (288) | |
Prepaid expenses and other assets | 537 | 369 | |
Accounts payable | 6,463 | 3,503 | |
Accrued expenses and other liabilities | 977 | 638 | |
Asset retirement obligations | (15) | (19) | |
Net cash provided by operating activities | 534 | 8,355 | |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||
Additions to property, plant, and equipment | (2,001) | (9,179) | |
Proceeds from sales of property, plant, and equipment | 1,401 | 3 | |
Proceeds from sale of Mammoth shares | 2,304 | 4,823 | |
Net cash provided by/(used in) investing activities | 1,704 | (4,353) | |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||
Repayments on long-term debt | (375) | (5,100) | |
Repayments on other debt | (522) | ||
Repayments on finance leases | (1) | ||
Deposit for workers' compensation and surety programs | (5,209) | ||
Payments of debt issuance costs | (101) | (56) | |
Preferred distributions paid | (3,210) | (6,038) | |
Net cash (used in) by financing activities | (4,209) | (16,403) | |
NET (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (1,971) | (12,401) | |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH-Beginning of period | 6,172 | 21,120 | 21,120 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH-End of period | 4,201 | 8,719 | 6,172 |
Summary Statement of Financial Position: | |||
Cash and cash equivalents | 4,201 | 4,991 | $ 6,172 |
Restricted cash | 3,728 | ||
Total cash, cash equivalents and restricted cash | $ 4,201 | $ 8,719 |
Basis of Presentation and Organ
Basis of Presentation and Organization | 3 Months Ended |
Mar. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation and Organization | 1. BASIS OF PRESENTATION AND ORGANIZATION Basis of Presentation and Principles of Consolidation. Cash, Cash Equivalents and Restricted Cash. Statement of Cash Flows-Restricted Cash Unaudited Interim Financial Information. Organization. Through a series of transactions completed in the first quarter of 2016, Royal Energy Resources, Inc. (“Royal”) acquired a majority ownership and control of the Partnership and 100% ownership of the Partnership’s general partner. The Partnership’s common units trade on the OTCQB Marketplace under the ticker symbol “RHNO.” |
Summary of Significant Accounti
Summary of Significant Accounting Policies and General | 3 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies and General | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND GENERAL Revenue Recognition. Freight and handling costs paid directly to third-party carriers and invoiced separately to coal customers are recorded as freight and handling costs and freight and handling revenues, respectively. Freight and handling costs billed to customers as part of the contractual per ton revenue of customer contracts is included in coal sales revenue. Other revenues generally consist of coal royalty revenues, coal handling and processing revenues, rebates and rental income. With respect to other revenues recognized in situations unrelated to the shipment of coal, the Partnership carefully reviews the facts and circumstances of each transaction and does not recognize revenue until the following criteria are met: persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the seller’s price to the buyer is fixed or determinable and collectability is reasonably assured. Debt Issuance Costs. Recently Issued Accounting Standards. Leases (Topic 842) In July 2017, the FASB issued ASU 2017-11, “Earnings Per Share (Topic 260): Distinguishing Liabilities from Equity (Topic 480), I. Derivatives and Hedging (Topic 815): Accounting for Certain Financial Instruments with Down Round Features and II. Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception.” Part I of ASU 2017-11 will result in freestanding equity-linked financial instruments, such as warrants, and conversion options in convertible debt or preferred stock to no longer be accounted for as a derivative liability at fair value as a result of the existence of a down round feature. For freestanding equity-classified financial instruments, the amendments require entities that present earnings per share (EPS) in accordance with Topic 260 to recognize the effect of the down round feature when it is triggered. That effect is treated as a dividend and as a reduction of income available to common shareholders in basic EPS. The amendments in Part II recharacterize the indefinite deferral of certain provisions of Topic 480 that now are presented as pending content in the Codification. The amendments in Part II do not require any transition guidance as the amendments do not have an accounting effect. The amendments in ASU 2017-11 will be effective on January 1, 2020, and the Part I amendments must be applied retrospectively. Early application is permitted. The Partnership early adopted ASU 2017-11, which did not have any material impact. |
Prepaid Expenses and Other Curr
Prepaid Expenses and Other Current Assets | 3 Months Ended |
Mar. 31, 2019 | |
Prepaid Expense and Other Assets, Current [Abstract] | |
Prepaid Expenses and Other Current Assets | 3. PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets as of March 31, 2019 and December 31, 2018 consisted of the following: March 31, 2019 December 31, 2018 (in thousands) Other prepaid expenses $ 996 $ 971 Prepaid insurance 741 1,397 Prepaid leases 89 92 Supply inventory 306 306 Total $ 2,132 $ 2,766 The Partnership acquired 568,794 shares of Mammoth Energy Services, Inc. (NASDAQ: TUSK)(“Mammoth Inc.”) through a series of transactions in years prior to 2018. As of December 31, 2018, the Partnership owned 104,100 shares of Mammoth Inc., which were recorded at fair market value as a current asset on the Partnership’s consolidated statements of financial position. During the three months ended March 31, 2019, the Partnership sold its 104,100 shares for net consideration of approximately $2.3 million. |
Property, Plant and Equipment
Property, Plant and Equipment | 3 Months Ended |
Mar. 31, 2019 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment | 4. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment, including coal properties and mine development and construction costs, as of March 31, 2019 and December 31, 2018 are summarized by major classification as follows: Useful Lives March 31, 2019 December 31, 2018 (in thousands) Land and land improvements $ 10,872 $ 13,181 Mining and other equipment and related facilities 2 - 20 Years 308,417 307,300 Mine development costs 1 - 15 Years 64,552 63,681 Coal properties 1 - 15 Years 63,527 63,527 Construction work in process 3,223 3,199 Total 450,591 450,888 Less accumulated depreciation, depletion and amortization (282,437 ) (277,029 ) Net $ 168,154 $ 173,859 Depreciation expense for mining and other equipment and related facilities, depletion expense for coal properties, amortization expense for mine development costs and amortization expense for asset retirement costs for the three months ended March 31, 2019 and 2018 were as follows: Three Months Ended March 31, 2019 2018 (in thousands) Depreciation expense-mining and other equipment and related facilities $ 4,163 $ 4,087 Depletion expense for coal properties 466 472 Amortization expense for mine development costs 844 749 Amortization expense for asset retirement costs 76 119 Total $ 5,549 $ 5,427 |
Leases
Leases | 3 Months Ended |
Mar. 31, 2019 | |
Leases [Abstract] | |
Leases | 5. LEASES The Partnership leases various mining, transportation and other equipment under operating and finance leases. The leases have remaining lease terms of 1 year to 9 years, some of which include options to extend the leases for up to 15 years. The Partnership determines if an arrangement is a lease at inception. Some of the leases include both lease and non-lease components which are accounted for as a single lease component as the Partnership has elected the practical expedient to combine these components for all leases. Operating leases are included in operating lease right-of-use (“ROU”) assets, current liabilities and non-current liabilities on our unaudited condensed consolidated statements of financial position. Finance leases are included in plant, property and equipment, current liabilities and long-term liabilities on our unaudited condensed consolidated statements of financial position. ROU assets represent the Partnership’s right to use an underlying asset for the lease term and lease liabilities represent the Partnership’s obligation to make lease payments related to the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. The Partnership utilizes the implicit rate in the lease, if determinable, at the commencement date of the lease to determine the present value of the lease payments. If the implicit rate is not determinable, the Partnership utilizes its incremental borrowing rate at the commencement date of the lease to determine the present value of the lease payments. The Partnership’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Partnership will exercise the option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Supplemental balance sheet information related to leases was as follows: March 31, 2019 (in thousands) Operating leases Operating lease right-of use assets $ 13,523 Operating lease liabilities-current $ 3,175 Operating lease liabilities-long-term 9,971 Total operating lease liabilities $ 13,146 Finance leases Property. Plant and Equipment, gross $ 10 Accumulated depreciation (1 ) Total Property, Plant and Equipment, net $ 9 Finance leases - current portion $ 4 Finance leases - noncurrent portion 5 Total finance lease obligation $ 9 Weighted Average Discount Rate March 31, 2019 Operating leases 7.0 % Finance leases 7.0 % Operating leases 5.4 years Finance leases 2.1 years Supplemental cash flow information related to leases was as follows: Three months ended March 31, 2019 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 977 Operating cash flows for finance leases $ - Financing cash flows for finance leases $ 1 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 13,896 Finance leases $ 10 Maturities of lease liabilities are as follows: Operating leases Finance leases Year ending December 31, (in thousands) 2019 (excluding the three months ended March 31, 2019) $ 2,986 $ 4 2020 3,903 5 2021 2,842 4 2022 1,819 - 2023 911 - Thereafter 3,303 - Total lease payments 15,764 13 Less imputed interest 2,618 4 Total $ 13,146 $ 9 The components of lease expense were as follows: Three months ended March 31, 2019 (in thousands) Operating lease cost $ 983 Finance lease cost: Amortization of right-of-use assets $ 1 Interest on lease liabilities - Total finance lease cost $ 1 |
Other Non-Current Assets
Other Non-Current Assets | 3 Months Ended |
Mar. 31, 2019 | |
Other Assets, Noncurrent Disclosure [Abstract] | |
Other Non-Current Assets | 6. OTHER NON-CURRENT ASSETS Other non-current assets as of March 31, 2019 and December 31, 2018 consisted of the following: March 31, 2019 December 31, 2018 (in thousands) Deposits and other $ 856 $ 1,144 Due (to) Rhino GP (39 ) (84 ) Non-current receivable 24,192 24,192 Deferred expenses 151 158 Total $ 25,160 $ 25,410 Non-current receivable Balance Sheet |
Accrued Expenses and Other Curr
Accrued Expenses and Other Current Liabilities | 3 Months Ended |
Mar. 31, 2019 | |
Payables and Accruals [Abstract] | |
Accrued Expenses and Other Current Liabilities | 7. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities as of March 31, 2019 and December 31, 2018 consisted of the following: March 31, 2019 December 31, 2018 (in thousands) Payroll, bonus and vacation expense $ 2,104 $ 2,151 Non-income taxes 2,668 2,168 Royalty expenses 2,001 1,669 Accrued interest 55 35 Health claims 907 868 Workers’ compensation & pneumoconiosis 1,900 1,900 Other 1,205 1,316 Total $ 10,840 $ 10,107 |
Debt
Debt | 3 Months Ended |
Mar. 31, 2019 | |
Debt Disclosure [Abstract] | |
Debt | 8. DEBT Debt as of March 31, 2019 and December 31, 2018 consisted of the following: March 31, 2019 December 31, 2018 (in thousands) Note payable -Financing Agreement $ 28,673 $ 29,048 Note payable-other debt - 522 Finance lease obligation 9 - Net unamortized debt issuance costs (3,679 ) (4,095 ) Net unamortized original issue discount (738 ) (843 ) Total 24,265 24,632 Less current portion (3,057 ) (2,174 ) Long-term debt $ 21,208 $ 22,458 Financing Agreement On December 27, 2017, the Operating Company, a wholly-owned subsidiary of the Partnership, certain of the Operating Company’s subsidiaries identified as Borrowers (together with the Operating Company, the “Borrowers”), the Partnership and certain other Operating Company subsidiaries identified as Guarantors (together with the Partnership, the “Guarantors”), entered into a Financing Agreement (the “Financing Agreement”) with Cortland Capital Market Services LLC, as Collateral Agent and Administrative agent, CB Agent Services LLC, as Origination Agent and the parties identified as Lenders therein (the “Lenders”), pursuant to which the Lenders agreed to provide the Borrowers with a multi-draw term loan in the original aggregate principal amount of $80 million, subject to the terms and conditions set forth in the Financing Agreement. The total principal amount is divided into a $40 million commitment, the conditions of which were satisfied at the execution of the Financing Agreement (the “Effective Date Term Loan Commitment”) and an additional $35 million commitment that is contingent upon the satisfaction of certain conditions precedent specified in the Financing Agreement (“Delayed Draw Term Loan Commitment”). Loans made pursuant to the Financing Agreement are secured by substantially all of the Borrowers’ and Guarantors’ assets. The Financing Agreement terminates on December 27, 2020. Loans made pursuant to the Financing Agreement are, at the Operating Company’s option, either “Reference Rate Loans” or “LIBOR Rate Loans.” Reference Rate Loans bear interest at the greatest of (a) 4.25% per annum, (b) the Federal Funds Rate plus 0.50% per annum, (c) the LIBOR Rate (calculated on a one-month basis) plus 1.00% per annum or (d) the Prime Rate (as published in the Wall Street Journal) or if no such rate is published, the interest rate published by the Federal Reserve Board as the “bank prime loan” rate or similar rate quoted therein, in each case, plus an applicable margin of 9.00% per annum (or 12.00% per annum if the Operating Company has elected to capitalize an interest payment pursuant to the PIK Option, as described below). LIBOR Rate Loans bear interest at the greater of (x) the LIBOR for such interest period divided by 100% minus the maximum percentage prescribed by the Federal Reserve for determining the reserve requirements in effect with respect to eurocurrency liabilities for any Lender, if any, and (y) 1.00%, in each case, plus 10.00% per annum (or 13.00% per annum if the Borrowers have elected to capitalize an interest payment pursuant to the PIK Option). Interest payments are due on a monthly basis for Reference Rate Loans and one-, two- or three-month periods, at the Operating Company’s option, for LIBOR Rate Loans. If there is no event of default occurring or continuing, the Operating Company may elect to defer payment on interest accruing at 6.00% per annum by capitalizing and adding such interest payment to the principal amount of the applicable term loan (the “PIK Option”). Commencing December 31, 2018, the principal for each loan made under the Financing Agreement will be payable on a quarterly basis in an amount equal to $375,000 per quarter, with all remaining unpaid principal and accrued and unpaid interest due on December 27, 2020. In addition, the Borrowers must make certain prepayments over the term of any loans outstanding, including: (i) the payment of 25% of Excess Cash Flow (as that term is defined in the Financing Agreement) of the Partnership and its subsidiaries for each fiscal year, commencing with respect to the year ending December 31, 2019, (ii) subject to certain exceptions, the payment of 100% of the net cash proceeds from the dispositions of certain assets, the incurrence of certain indebtedness or receipts of cash outside of the ordinary course of business, and (iii) the payment of the excess of the outstanding principal amount of term loans outstanding over the amount of the Collateral Coverage Amount (as that term is defined in the Financing Agreement). In addition, the Lenders are entitled to (i) certain fees, including 1.50% per annum of the unused Delayed Draw Term Loan Commitment for as long as such commitment exists, (ii) for the 12-month period following the execution of the Financing Agreement, a make-whole amount equal to the interest and unused Delayed Draw Term Loan Commitment fees that would have been payable but for the occurrence of certain events, including among others, bankruptcy proceedings or the termination of the Financing Agreement by the Operating Company, and (iii) audit and collateral monitoring fees and origination and exit fees. The Financing Agreement requires the Borrowers and Guarantor to comply with several affirmative covenants at any time loans are outstanding, including, among others: (i) the requirement to deliver monthly, quarterly and annual financial statements, (ii) the requirement to periodically deliver certificates indicating, among other things, (a) compliance with terms of the Financing Agreement and ancillary loan documents, (b) inventory, accounts payable, sales and production numbers, (c) the calculation of the Collateral Coverage Amount (as that term is defined in the Financing Agreement), (d) projections for the Partnership and its subsidiaries and (e) coal reserve amounts; (iii) the requirement to notify the Administrative Agent of certain events, including events of default under the Financing Agreement, dispositions, entry into material contracts, (iv) the requirement to maintain insurance, obtain permits, and comply with environmental and reclamation laws (v) the requirement to sell up to $5.0 million of shares in Mammoth Energy Services Inc. and use the net proceeds therefrom to prepay outstanding term loans, which was completed during the first half of 2018 and (vi) establish and maintain cash management services and establish a cash management account and deliver a control agreement with respect to such account to the Collateral Agent. The Financing Agreement also contains negative covenants that restrict the Borrowers and Guarantors ability to, among other things: (i) incur liens or additional indebtedness or make investments or restricted payments, (ii) liquidate or merge with another entity, or dispose of assets, (iii) change the nature of their respective businesses; (iv) make capital expenditures in excess, or, with respect to maintenance capital expenditures, lower than, specified amounts, (v) incur restrictions on the payment of dividends, (vi) prepay or modify the terms of other indebtedness, (vii) permit the Collateral Coverage Amount to be less than the outstanding principal amount of the loans outstanding under the Financing Agreement or (viii) permit the trailing six month Fixed Charge Coverage Ratio of the Partnership and its subsidiaries to be less than 1.20 to 1.00 commencing with the six-month period ending June 30, 2018. See Note 19 for information relating to the lenders’ waiver of the Fixed Charge Coverage Ratio for the six-month period ending March 31, 2019. The Financing Agreement contains customary events of default, following which the Collateral Agent may, at the request of lenders, terminate or reduce all commitments and accelerate the maturity of all outstanding loans to become due and payable immediately together with accrued and unpaid interest thereon and exercise any such other rights as specified under the Financing Agreement and ancillary loan documents. The Partnership entered into a warrant agreement with certain parties that are also parties to the Financing Agreement discussed above. (See Note 11 for further discussion) On April 17, 2018, Rhino amended its Financing Agreement to allow for certain activities including a sale leaseback of certain pieces of equipment, the extension of the due date for lease consents required under the Financing Agreement to June 30, 2018 and the distribution to holders of the Series A preferred units of $6.0 million (accrued in the consolidated financial statements at December 31, 2017). Additionally, the amendments provided that the Partnership could sell additional shares of Mammoth Energy Services Inc. stock and retain 50% of the proceeds with the other 50% used to reduce debt. The Partnership reduced its outstanding debt by $3.4 million with proceeds from the sale of Mammoth Energy Services Inc. stock in the second quarter of 2018. On July 27, 2018, the Partnership entered into a consent with its Lenders related to the Financing Agreement. The consent included the lenders agreement to make a $5 million loan from the Delayed Draw Term Loan Commitment, which was repaid in full on October 26, 2018 pursuant to the terms of the consent. The consent also included a waiver of the requirements relating to the use of proceeds of any sale of the shares of Mammoth Inc. set forth in the consent to the Financing Agreement, dated as of April 17, 2018 and also waived any Event of Default that arose or would otherwise arise under the Financing Agreement for failing to comply with the Fixed Charge Coverage Ratio for the six months ended June 30, 2018. On November 8, 2018, the Partnership entered into a consent with its Lenders related to the Financing Agreement. The consent includes the lenders agreement to waive any Event of Default that arose or would otherwise arise under the Financing Agreement for failing to comply with the Fixed Charge Coverage Ratio for the six months ended September 30, 2018. On December 20, 2018, the Partnership, entered into a limited waiver and consent (the “Waiver”) to the Financing Agreement. The Waiver relates to the sales by the Partnership of certain real property in Western Colorado, the net proceeds of which are required to be used to reduce the Partnership’s debt under the Financing Agreement. As of the date of the Waiver, the Partnership had sold 9 individual lots in smaller transactions. On December 31, 2018, the Partnership used the sale proceeds of approximately $379,000 to reduce the debt. Rather than transmitting net proceeds with respect to each individual transaction, the Partnership and Lenders agreed in principle to delay repayment until an aggregate payment could be made at the end of 2018. The Waiver (i) contains a ratification by the Lenders of the sale of the individual lots to date and waives the associated technical defaults under the Financing Agreement for not making immediate payments of net proceeds therefrom, (ii) permits the sale of certain specified additional lots and (iii) subject to Lender consent, permits the sale of other lots on a going forward basis. The net proceeds of future sales will be held by the Partnership until a later date to be determined by the Lenders. On February 13, 2019, the Partnership entered into a second amendment (the “Amendment”) to the Financing Agreement. The Amendment provided the Lender’s consent for the Partnership to pay a one-time cash distribution on February 14, 2019 to the Series A Preferred Unitholders not to exceed approximately $3.2 million. The Amendment allowed the Partnership to sell its remaining shares of Mammoth Energy Services, Inc. and utilize the proceeds for payment of the one-time cash distribution to the Series A Preferred Unitholders and waived the requirement to use such proceeds to prepay the outstanding principal amount outstanding under the Financing Agreement. The Amendment also waived any Event of Default that has or would otherwise arise under Section 9.01(c) of the Financing Agreement solely by reason of the Borrowers failing to comply with the Fixed Charge Coverage Ratio covenant in Section 7.03(b) of the Financing Agreement for the fiscal quarter ending December 31, 2018. The Amendment includes an amendment fee of approximately $0.6 million payable by the Partnership on May 13, 2019 and an exit fee equal to 1% of the principal amount of the term loans made under the Financing Agreement that is payable on the earliest of (w) the final maturity date of the Financing Agreement, (x) the termination date of the Financing Agreement, (y) the acceleration of the obligations under the Financing Agreement for any reason, including, without limitation, acceleration in accordance with Section 9.01 of the Financing Agreement, including as a result of the commencement of an insolvency proceeding and (z) the date of any refinancing of the term loan under the Financing Agreement. The Amendment amended the definition of the Make-Whole Amount under the Financing Agreement to extend the date of the Make-Whole Amount period to December 31, 2019. At March 31, 2019, the Partnership had $28.7 million of borrowings outstanding at a variable interest rate of Libor plus 10.00% (12.50%). |
Asset Retirement Obligations
Asset Retirement Obligations | 3 Months Ended |
Mar. 31, 2019 | |
Asset Retirement Obligation Disclosure [Abstract] | |
Asset Retirement Obligations | 9. ASSET RETIREMENT OBLIGATIONS The changes in asset retirement obligations for the three months ended March 31, 2019 and the year ended December 31, 2018 are as follows: March 31, 2019 December 31, 2018 (in thousands) Balance at beginning of period (including current portion) $ 18,549 $ 18,662 Accretion expense 319 1,269 Adjustments to the liability from annual recosting and other - (1,083 ) Liabilities settled (15 ) (299 ) Balance at end of period 18,853 18,549 Less current portion of asset retirement obligation (465 ) (465 ) Long-term portion of asset retirement obligation $ 18,388 $ 18,084 |
Employee Benefits
Employee Benefits | 3 Months Ended |
Mar. 31, 2019 | |
Retirement Benefits [Abstract] | |
Employee Benefits | 10. EMPLOYEE BENEFITS 401(k) Plans The Operating Company sponsors a defined contribution savings plans for all employees. Under the defined contribution savings plan, the Operating Company matches voluntary contributions of participants up to a maximum contribution based upon a percentage of a participant’s salary with an additional matching contribution possible at the Partnership’s discretion. The expense under these plans for the three months ended March 31, 2019 and 2018 is included in Cost of operations and Selling, general and administrative expense in the Partnership’s unaudited condensed consolidated statements of operations and comprehensive income and was as follows: Three Months Ended March 31, 2019 2018 (in thousands) 401(k) plan expense $ 489 $ 436 |
Partners' Capital
Partners' Capital | 3 Months Ended |
Mar. 31, 2019 | |
Equity [Abstract] | |
Partners' Capital | 11. PARTNERS’ CAPITAL Common Unit Warrants In December 2017, the Partnership entered into a warrant agreement with certain parties that are also parties to the Financing Agreement discussed above. The warrant agreement included the issuance of a total of 683,888 warrants for common units (“Common Unit Warrants”) of the Partnership at an exercise price of $1.95 per unit, which was the closing price of the Partnership’s common units on the OTC market as of December 27, 2017. The Common Unit Warrants have a five year expiration date. The Common Unit Warrants and the Partnership’s common units after exercise are both transferable, subject to applicable US securities laws. The Common Unit Warrant exercise price is $1.95 per unit, but the price per unit will be reduced by future common unit distributions and other further adjustments in price included in the warrant agreement for transactions that are dilutive to the amount of the Partnership’s common units outstanding. The warrant agreement includes a provision for a cashless exercise whereby the warrant holders can receive a net number of common units. Per the warrant agreement, the warrants are detached from the Financing Agreement and fully transferable. The Partnership analyzed the Common Unit Warrants in accordance with the applicable accounting literature and concluded the Common Unit Warrants should be classified as equity. The Partnership allocated the $40.0 million proceeds from the Financing Agreement between the Common Unit Warrants and the Financing Agreement based upon their relative fair values. The allocation based upon relative fair values resulted in approximately $1.3 million being recorded for the Common Unit Warrants in the Partner’s Capital equity section and a corresponding reduction in Long-term debt, net on the Partnership’s consolidated statements of financial position. Series A Preferred Units On December 30, 2016, the general partner entered into the Fourth Amended and Restated Agreement of Limited Partnership of the Partnership (“Amended and Restated Partnership Agreement”) to create, authorize and issue the Series A preferred units. The Series A preferred units rank senior to all classes or series of equity securities of the Partnership with respect to distribution rights and rights upon liquidation. The holders of the Series A preferred units are entitled to receive annual distributions equal to the greater of (i) 50% of the CAM Mining free cash flow (as defined below) and (ii) an amount equal to the number of outstanding Series A preferred units multiplied by $0.80. “CAM Mining free cash flow” is defined in the Amended and Restated Partnership Agreement as (i) the total revenue of the Partnership’s Central Appalachia business segment, minus (ii) the cost of operations (exclusive of depreciation, depletion and amortization) for the Partnership’s Central Appalachia business segment, minus (iii) an amount equal to $6.50, multiplied by the aggregate number of coal tons sold by the Partnership from its Central Appalachia business segment. If the Partnership fails to pay any or all of the distributions in respect of the Series A preferred units, such deficiency will accrue until paid in full and the Partnership will not be permitted to pay any distributions on its Partnership interests that rank junior to the Series A preferred units, including its common units. The Series A preferred units will be liquidated in accordance with their capital accounts and upon liquidation will be entitled to distributions of property and cash in accordance with the balances of their capital accounts prior to such distributions on equity securities that rank junior to the Series A preferred units. The Series A preferred units vote on an as-converted basis with the common units, and the Partnership is restricted from taking certain actions without the consent of the holders of a majority of the Series A preferred units, including: (i) the issuance of additional Series A preferred units, or securities that rank senior or equal to the Series A preferred units; (ii) the sale or transfer of CAM Mining or a material portion of its assets; (iii) the repurchase of common units, or the issuance of rights or warrants to holders of common units entitling them to purchase common units at less than fair market value; (iv) consummation of a spin off; (v) the incurrence, assumption or guaranty of indebtedness for borrowed money in excess of $50.0 million except indebtedness relating to entities or assets that are acquired by the Partnership or its affiliates that is in existence at the time of such acquisition or (vi) the modification of CAM Mining’s accounting principles or the financial or operational reporting principles of the Partnership’s Central Appalachia business segment, subject to certain exceptions. The Partnership has the option to convert the outstanding Series A preferred units at any time on or after the time at which the amount of aggregate distributions paid in respect of each Series A preferred unit exceeds $10.00 per unit. Each Series A preferred unit will convert into a number of common units equal to the quotient (the “Series A Conversion Ratio”) of (i) the sum of $10.00 and any unpaid distributions in respect of such Series A Preferred Unit divided by (ii) 75% of the volume-weighted average closing price of the common units for the preceding 90 trading days (the “VWAP”); provided however, that the VWAP will be capped at a minimum of $2.00 and a maximum of $10.00. On December 31, 2021, all outstanding Series A preferred units will convert into common units at the then applicable Series A Conversion Ratio. During the first quarter of 2019, we paid $3.2 million to the holders of Series A preferred units for distributions earned for the year ended December 31, 2018. During the first quarter of 2018, we paid the holders of Series A preferred units $6.0 million in distributions earned for the year ended December 31, 2017. We have accrued approximately $0.3 million for distributions to holders of the Series A preferred units for the three months ended March 31, 2019. Investment in Royal Common Stock On September 1, 2017, Royal elected to convert certain obligations to the Partnership totaling $4.1 million to shares of Royal common stock. Royal issued 914,797 shares of its common stock to the Partnership at a conversion price of $4.51 per share. The price per share was equal to the outstanding balance multiplied by seventy-five percent (75%) of the volume-weighted average closing price of Royal’s common stock for the 90 days preceding the date of conversion (“Royal VWAP”), subject to a minimum Royal VWAP of $3.50 and a maximum Royal VWAP of $7.50. The Partnership recorded the $4.1 million conversion as Investment in Royal common stock in the Partners’ Capital section of the Partnership’s unaudited condensed consolidated statements of financial position since Royal does not have significant economic activity apart from its investment in the Partnership. Other Comprehensive Income In accordance with Accounting Standards Codification (“ASU”) 2016-01, which was effective for fiscal years that began after December 15, 2017, the Partnership ceased recording fair market adjustments for the shares it owns in Mammoth Energy Services, Inc. (NASDAQ: TUSK) (“Mammoth Inc.”) in Other Comprehensive Income during the fourth quarter of 2018. Upon adoption during the fourth quarter of 2018, the Partnership recorded a $4.2 million reclassification from Other Comprehensive Income to Partners’ Capital relating to its Mammoth Inc. shares that had a readily determinable fair value. Accumulated Distribution Arrearages Pursuant to the Partnership’s partnership agreement, the Partnership’s common units accrue arrearages every quarter when the distribution level is below the minimum level of $4.45 per unit. Beginning with the quarter ended June 30, 2015 and continuing through the quarter ended March 31, 2019, the Partnership has suspended the cash distribution on its common units. For each of the quarters ended September 30, 2014, December 31, 2014 and March 31, 2015, the Partnership announced cash distributions per common unit at levels lower than the minimum quarterly distribution. The Partnership has not paid any distribution on its subordinated units for any quarter after the quarter ended March 31, 2012. As of March 31, 2019, the Partnership had accumulated arrearages of $731.6 million. |
Earnings Per Unit ('EPU')
Earnings Per Unit ('EPU') | 3 Months Ended |
Mar. 31, 2019 | |
Earnings Per Unit [Abstract] | |
Earnings Per Unit ("EPU") | 12. EARNINGS PER UNIT (“EPU”) The following table presents a reconciliation of the numerators and denominators of the basic and diluted EPU calculations for the periods ended March 31, 2019 and 2018: Three Months Ended March 31, 2019 General Partner Common Unitholders Subordinated Unitholders Preferred Unitholders Numerator: (in thousands, except per unit data) Interest in net (loss)/ income $ (32 ) $ (6,941 ) $ (606 ) $ 300 Denominator: Weighted average units used to compute basic EPU n/a 13,098 1,144 1,500 Weighted average units used to compute diluted EPU n/a 13,098 1,144 1,500 Net (loss)/income per limited partner unit, basic: n/a $ (0.53 ) $ (0.53 ) $ 0.20 Net (loss)/income per limited partner unit, diluted n/a $ (0.53 ) $ (0.53 ) $ 0.20 Three Months Ended March 31, 2018 General Partner Common Unitholders Subordinated Unitholders Preferred Unitholders Numerator: (in thousands, except per unit data) Interest in net (loss)/income $ (13 ) $ (2,856 ) $ (252 ) $ 300 Denominator: Weighted average units used to compute basic EPU n/a 12,994 1,146 $ 1,500 Weighted average units used to compute diluted EPU n/a 12,994 1,146 $ 1,500 Net (loss)/income per limited partner unit, basic n/a $ (0.22 ) $ (0.22 ) $ 0.20 Net (loss)/income per limited partner unit, diluted n/a $ (0.22 ) $ (0.22 ) $ 0.20 Diluted EPU gives effect to all dilutive potential common units outstanding during the period using the treasury stock method. Diluted EPU excludes all dilutive potential units calculated under the treasury stock method if their effect is anti-dilutive. Since the Partnership incurred a total net losses for three months ended March 31, 2019 and 2018, all potential dilutive units were excluded from the diluted EPU calculation for these periods because when an entity incurs a net loss in a period, potential dilutive units shall not be included in the computation of diluted EPU since their effect will always be anti-dilutive. There were 683,888 potential dilutive common units related to the Common Unit Warrants as discussed in Note 11 for the three months ended March 31, 2019 and 2018. |
Commitments and Contingencies
Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 13. COMMITMENTS AND CONTINGENCIES Coal Sales Contracts and Contingencies Year Tons (in thousands) Number of customers 2019 Q2-Q4 3,360 19 2020 1,880 7 2021 852 3 Some of the contracts have sales price adjustment provisions, subject to certain limitations and adjustments, based on a variety of factors and indices. Purchased Coal Expenses Leases Three Months Ended March 31, 2019 2018 (in thousands) Lease expense $ 1,254 $ 430 Royalty expense $ 3,905 $ 3,644 Guarantees/Indemnifications and Financial Instruments with Off-Balance Sheet Risk |
Major Customers
Major Customers | 3 Months Ended |
Mar. 31, 2019 | |
Risks and Uncertainties [Abstract] | |
Major Customers | 14. MAJOR CUSTOMERS The Partnership had sales or receivables from the following major customers that in each period equaled or exceeded 10% of revenues: March 31, 2019 Receivable Balance December 31, 2018 Receivable Balance Three months ended March 31, 2019 Sales Three months ended March 31, 2018 Sales (in thousands) Javelin Global $ 2,036 $ 4,347 $ 12,911 $ 4,042 Integrity Coal - 937 2,664 6,528 Dominion Energy 1,268 - 2,497 8,165 Big Rivers 946 863 4,048 5,515 Trafigura Trading - - - 7,159 |
Revenue
Revenue | 3 Months Ended |
Mar. 31, 2019 | |
Revenue from Contract with Customer [Abstract] | |
Revenue | 15. REVENUE The Partnership adopted ASC Topic 606 on January 1, 2018, using the modified retrospective method. The adoption of Topic 606 has no impact on revenue amounts recorded on the Partnership’s financial statements. The new disclosures required by ASC Topic 606, as applicable, are presented below. The majority of the Partnership’s revenues are generated under coal sales contracts. Coal sales accounted for approximately 99.0% of the Partnership’s total revenues for the three months ended March 31, 2019 and 2018. Other revenues generally consist of coal royalty revenues, coal handling and processing revenues, rebates and rental income, which accounted for approximately 1.0% of the Partnership’s total revenues for the three months ended March 31, 2019 and 2018. The majority of the Partnership’s coal sales contracts have a single performance obligation (shipment or delivery of coal according to terms of the sales agreement) and as such, the Partnership is not required to allocate the contract’s transaction price to multiple performance obligations. All of the Partnership’s coal sales revenue is recognized when shipment or delivery to the customer has occurred, the title or risk of loss has passed in accordance with the terms of the coal sales agreement, prices are fixed or determinable and collectability is reasonably assured. With respect to other revenues recognized in situations unrelated to the shipment of coal, the Partnership carefully reviews the facts and circumstances of each transaction and does not recognize revenue until the following criteria are met: persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the seller’s price to the buyer is fixed or determinable and collectability is reasonably assured. In the tables below, the Partnership has disaggregated its revenue by category for each reportable segment as required by ASC Topic 606. The following table disaggregates revenue by type for each reportable segment for the three months ended March 31, 2019: Central Appalachia Northern Appalachia Rhino Western Illinois Basin Other Total Consolidated (in thousands) Coal sales Steam coal $ 13,389 $ 6,065 $ 8,711 $ 13,000 $ - $ 41,165 Met coal 16,698 - - - - 16,698 Other revenue 320 554 - - - 874 Total $ 30,407 $ 6,619 $ 8,711 $ 13,000 $ - $ 58,737 The following table disaggregates revenue by type for each reportable segment for the three months ended March 31, 2018: Central Appalachia Northern Appalachia Rhino Western Illinois Basin Other Total Consolidated (in thousands) Coal sales Steam coal $ 11,662 $ 3,687 $ 8,061 $ 11,611 $ - $ 35,021 Met coal 19,251 - - - - 19,251 Other revenue 62 457 9 - - 528 Total $ 30,975 $ 4,144 $ 8,070 $ 11,611 $ - $ 54,800 |
Fair Value Measurements
Fair Value Measurements | 3 Months Ended |
Mar. 31, 2019 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | 16. FAIR VALUE MEASUREMENTS The Partnership determines the fair value of assets and liabilities based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. The fair values are based on assumptions that market participants would use when pricing an asset or liability, including assumptions about risk and the risks inherent in valuation techniques and the inputs to valuations. The fair value hierarchy is based on whether the inputs to valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Partnership’s assumptions of what market participants would use. The fair value hierarchy includes three levels of inputs that may be used to measure fair value as described below: Level One - Quoted prices for identical instruments in active markets. Level Two - The fair value of the assets and liabilities included in Level 2 are based on standard industry income approach models that use significant observable inputs. Level Three - Unobservable inputs significant to the fair value measurement supported by little or no market activity. In those cases when the inputs used to measure fair value meet the definition of more than one level of the fair value hierarchy, the lowest level input that is significant to the fair value measurement in its totality determines the applicable level in the fair value hierarchy. The book values of cash and cash equivalents, accounts receivable and accounts payable are considered to be representative of their respective fair values because of the immediate short-term maturity of these financial instruments. The fair value of the Partnership’s Financing Agreement was determined based upon a market approach and approximates the carrying value at March 31, 2019. The fair value of the Partnership’s Financing Agreement is a Level 2 measurement. As of December 31, 2018, the Partnership had a recurring fair value measurement relating to its investment in Mammoth Inc. As discussed in Note 5, the Partnership sold the balance of its Mammoth Inc. shares (104,100 shares) during the first quarter of 2019. The Partnership’s shares of Mammoth Inc. were classified as an investment on the Partnership’s unaudited condensed consolidated statements of financial position as of December 31, 2018. Based on the availability of a quoted price, the recurring fair value measurement of the Mammoth Inc. shares was a Level 1 measurement. |
Supplemental Disclosures of Cas
Supplemental Disclosures of Cash Flow Information | 3 Months Ended |
Mar. 31, 2019 | |
Supplemental Cash Flow Information [Abstract] | |
Supplemental Disclosures of Cash Flow Information | 17. SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION Cash payments for interest were $1.1 million and $1.4 million for the three months ended March 31, 2019 and 2018, respectively. The unaudited condensed consolidated statement of cash flows for the three months ended March 31, 2019 and 2018 excludes approximately $1.4 million and $2.8 million, respectively, of property, plant and equipment additions which are recorded in Accounts payable. |
Segment Information
Segment Information | 3 Months Ended |
Mar. 31, 2019 | |
Segment Reporting [Abstract] | |
Segment Information | 18. SEGMENT INFORMATION The Partnership primarily produces and markets coal from surface and underground mines in Kentucky, West Virginia, Ohio and Utah. The Partnership sells primarily to electric utilities in the United States. As of March 31, 2019, the Partnership has four reportable business segments: Central Appalachia, Northern Appalachia, Rhino Western and Illinois Basin. Additionally, the Partnership has an Other category that includes its ancillary businesses. The Partnership has not provided disclosure of total expenditures by segment for long-lived assets, as the Partnership does not maintain discrete financial information concerning segment expenditures for long lived assets, and accordingly such information is not provided to the Partnership’s chief operating decision maker. The information provided in the following tables represents the primary measures used to assess segment performance by the Partnership’s chief operating decision maker. Reportable segment results of operations for the three months ended March 31, 2019 are as follows (Note: “DD&A” refers to depreciation, depletion and amortization): Central Appalachia Northern Appalachia Rhino Western Illinois Basin Other Total Consolidated (in thousands) Total revenues $ 30,407 $ 6,619 $ 8,711 $ 13,000 $ - $ 58,737 DD&A 1,901 408 1,094 2,058 88 5,549 Interest expense - - - - 1,701 1,701 Net Income/(loss) $ 1,183 $ (1,123 ) $ (327 ) $ (3,587 ) $ (3,425 ) $ (7,279 ) Reportable segment results of operations for the three months ended March 31, 2018 are as follows Central Appalachia Northern Appalachia Rhino Western Illinois Basin Other Total Consolidated (in thousands) Total revenues $ 30,975 $ 4,144 $ 8,070 $ 11,611 $ - $ 54,800 DD&A 2,196 140 1,061 1,939 91 5,427 Interest expense - - - - 1,885 1,885 Net Income/(loss) $ 930 $ (1,117 ) $ 963 $ (2,329 ) $ (1,268 ) $ (2,821 ) |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2019 | |
Subsequent Events [Abstract] | |
Subsequent Events | 19. SUBSEQUENT EVENTS On May 8, 2019, the Partnership entered into a consent with its Lenders related to the Financing Agreement. The consent includes the lenders agreement to waive any Event of Default that arose or would otherwise arise under the Financing Agreement for failing to comply with the Fixed Charge Coverage Ratio for the six months ended March 31, 2019. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies and General (Policies) | 3 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Revenue Recognition | Revenue Recognition. Freight and handling costs paid directly to third-party carriers and invoiced separately to coal customers are recorded as freight and handling costs and freight and handling revenues, respectively. Freight and handling costs billed to customers as part of the contractual per ton revenue of customer contracts is included in coal sales revenue. Other revenues generally consist of coal royalty revenues, coal handling and processing revenues, rebates and rental income. With respect to other revenues recognized in situations unrelated to the shipment of coal, the Partnership carefully reviews the facts and circumstances of each transaction and does not recognize revenue until the following criteria are met: persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the seller’s price to the buyer is fixed or determinable and collectability is reasonably assured. |
Debt Issuance Costs | Debt Issuance Costs. |
Recently Issued Accounting Standards | Recently Issued Accounting Standards. Leases (Topic 842) In July 2017, the FASB issued ASU 2017-11, “Earnings Per Share (Topic 260): Distinguishing Liabilities from Equity (Topic 480), I. Derivatives and Hedging (Topic 815): Accounting for Certain Financial Instruments with Down Round Features and II. Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception.” Part I of ASU 2017-11 will result in freestanding equity-linked financial instruments, such as warrants, and conversion options in convertible debt or preferred stock to no longer be accounted for as a derivative liability at fair value as a result of the existence of a down round feature. For freestanding equity-classified financial instruments, the amendments require entities that present earnings per share (EPS) in accordance with Topic 260 to recognize the effect of the down round feature when it is triggered. That effect is treated as a dividend and as a reduction of income available to common shareholders in basic EPS. The amendments in Part II recharacterize the indefinite deferral of certain provisions of Topic 480 that now are presented as pending content in the Codification. The amendments in Part II do not require any transition guidance as the amendments do not have an accounting effect. The amendments in ASU 2017-11 will be effective on January 1, 2020, and the Part I amendments must be applied retrospectively. Early application is permitted. The Partnership early adopted ASU 2017-11, which did not have any material impact. |
Prepaid Expenses and Other Cu_2
Prepaid Expenses and Other Current Assets (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Prepaid Expense and Other Assets, Current [Abstract] | |
Schedule of Prepaid Expenses and Other Current Assets | Prepaid expenses and other current assets as of March 31, 2019 and December 31, 2018 consisted of the following: March 31, 2019 December 31, 2018 (in thousands) Other prepaid expenses $ 996 $ 971 Prepaid insurance 741 1,397 Prepaid leases 89 92 Supply inventory 306 306 Total $ 2,132 $ 2,766 |
Property, Plant and Equipment (
Property, Plant and Equipment (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Property, Plant and Equipment by Major Classification | Property, plant and equipment, including coal properties and mine development and construction costs, as of March 31, 2019 and December 31, 2018 are summarized by major classification as follows: Useful Lives March 31, 2019 December 31, 2018 (in thousands) Land and land improvements $ 10,872 $ 13,181 Mining and other equipment and related facilities 2 - 20 Years 308,417 307,300 Mine development costs 1 - 15 Years 64,552 63,681 Coal properties 1 - 15 Years 63,527 63,527 Construction work in process 3,223 3,199 Total 450,591 450,888 Less accumulated depreciation, depletion and amortization (282,437 ) (277,029 ) Net $ 168,154 $ 173,859 |
Schedule of Depreciation, Depletion and Amortization | Depreciation expense for mining and other equipment and related facilities, depletion expense for coal properties, amortization expense for mine development costs and amortization expense for asset retirement costs for the three months ended March 31, 2019 and 2018 were as follows: Three Months Ended March 31, 2019 2018 (in thousands) Depreciation expense-mining and other equipment and related facilities $ 4,163 $ 4,087 Depletion expense for coal properties 466 472 Amortization expense for mine development costs 844 749 Amortization expense for asset retirement costs 76 119 Total $ 5,549 $ 5,427 |
Leases (Tables)
Leases (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Leases [Abstract] | |
Schedule of Supplemental Balance Sheet Information Related to Leases | Supplemental balance sheet information related to leases was as follows: March 31, 2019 (in thousands) Operating leases Operating lease right-of use assets $ 13,523 Operating lease liabilities-current $ 3,175 Operating lease liabilities-long-term 9,971 Total operating lease liabilities $ 13,146 Finance leases Property. Plant and Equipment, gross $ 10 Accumulated depreciation (1 ) Total Property, Plant and Equipment, net $ 9 Finance leases - current portion $ 4 Finance leases - noncurrent portion 5 Total finance lease obligation $ 9 |
Schedule of Weighted Average Discount Rate | Weighted Average Discount Rate March 31, 2019 Operating leases 7.0 % Finance leases 7.0 % Operating leases 5.4 years Finance leases 2.1 years |
Schedule of Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases was as follows: Three months ended March 31, 2019 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 977 Operating cash flows for finance leases $ - Financing cash flows for finance leases $ 1 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 13,896 Finance leases $ 10 |
Schedule of Maturities of Lease Liabilities | Maturities of lease liabilities are as follows: Operating leases Finance leases Year ending December 31, (in thousands) 2019 (excluding the three months ended March 31, 2019) $ 2,986 $ 4 2020 3,903 5 2021 2,842 4 2022 1,819 - 2023 911 - Thereafter 3,303 - Total lease payments 15,764 13 Less imputed interest 2,618 4 Total $ 13,146 $ 9 |
Schedule of Components of Lease Expense | The components of lease expense were as follows: Three months ended March 31, 2019 (in thousands) Operating lease cost $ 983 Finance lease cost: Amortization of right-of-use assets $ 1 Interest on lease liabilities - Total finance lease cost $ 1 |
Other Non-Current Assets (Table
Other Non-Current Assets (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Other Assets, Noncurrent Disclosure [Abstract] | |
Schedule of Other Non-Current Assets | Other non-current assets as of March 31, 2019 and December 31, 2018 consisted of the following: March 31, 2019 December 31, 2018 (in thousands) Deposits and other $ 856 $ 1,144 Due (to) Rhino GP (39 ) (84 ) Non-current receivable 24,192 24,192 Deferred expenses 151 158 Total $ 25,160 $ 25,410 |
Accrued Expenses and Other Cu_2
Accrued Expenses and Other Current Liabilities (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Payables and Accruals [Abstract] | |
Schedule of Accrued Expenses and Other Current Liabilities | Accrued expenses and other current liabilities as of March 31, 2019 and December 31, 2018 consisted of the following: March 31, 2019 December 31, 2018 (in thousands) Payroll, bonus and vacation expense $ 2,104 $ 2,151 Non-income taxes 2,668 2,168 Royalty expenses 2,001 1,669 Accrued interest 55 35 Health claims 907 868 Workers’ compensation & pneumoconiosis 1,900 1,900 Other 1,205 1,316 Total $ 10,840 $ 10,107 |
Debt (Tables)
Debt (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Debt Disclosure [Abstract] | |
Schedule of Debt | Debt as of March 31, 2019 and December 31, 2018 consisted of the following: March 31, 2019 December 31, 2018 (in thousands) Note payable -Financing Agreement $ 28,673 $ 29,048 Note payable-other debt - 522 Finance lease obligation 9 - Net unamortized debt issuance costs (3,679 ) (4,095 ) Net unamortized original issue discount (738 ) (843 ) Total 24,265 24,632 Less current portion (3,057 ) (2,174 ) Long-term debt $ 21,208 $ 22,458 |
Asset Retirement Obligations (T
Asset Retirement Obligations (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Asset Retirement Obligation Disclosure [Abstract] | |
Schedule of Asset Retirement Obligations | The changes in asset retirement obligations for the three months ended March 31, 2019 and the year ended December 31, 2018 are as follows: March 31, 2019 December 31, 2018 (in thousands) Balance at beginning of period (including current portion) $ 18,549 $ 18,662 Accretion expense 319 1,269 Adjustments to the liability from annual recosting and other - (1,083 ) Liabilities settled (15 ) (299 ) Balance at end of period 18,853 18,549 Less current portion of asset retirement obligation (465 ) (465 ) Long-term portion of asset retirement obligation $ 18,388 $ 18,084 |
Employee Benefits (Tables)
Employee Benefits (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Retirement Benefits [Abstract] | |
Schedule of Expense Under Defined Contribution Savings Plan | Three Months Ended March 31, 2019 2018 (in thousands) 401(k) plan expense $ 489 $ 436 |
Earnings Per Unit ('EPU') (Tabl
Earnings Per Unit ('EPU') (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Earnings Per Unit [Abstract] | |
Schedule of Calculation of Numerator and Denominator in Earnings Per Unit | The following table presents a reconciliation of the numerators and denominators of the basic and diluted EPU calculations for the periods ended March 31, 2019 and 2018: Three Months Ended March 31, 2019 General Partner Common Unitholders Subordinated Unitholders Preferred Unitholders Numerator: (in thousands, except per unit data) Interest in net (loss)/ income $ (32 ) $ (6,941 ) $ (606 ) $ 300 Denominator: Weighted average units used to compute basic EPU n/a 13,098 1,144 1,500 Weighted average units used to compute diluted EPU n/a 13,098 1,144 1,500 Net (loss)/income per limited partner unit, basic: n/a $ (0.53 ) $ (0.53 ) $ 0.20 Net (loss)/income per limited partner unit, diluted n/a $ (0.53 ) $ (0.53 ) $ 0.20 Three Months Ended March 31, 2018 General Partner Common Unitholders Subordinated Unitholders Preferred Unitholders Numerator: (in thousands, except per unit data) Interest in net (loss)/income $ (13 ) $ (2,856 ) $ (252 ) $ 300 Denominator: Weighted average units used to compute basic EPU n/a 12,994 1,146 $ 1,500 Weighted average units used to compute diluted EPU n/a 12,994 1,146 $ 1,500 Net (loss)/income per limited partner unit, basic n/a $ (0.22 ) $ (0.22 ) $ 0.20 Net (loss)/income per limited partner unit, diluted n/a $ (0.22 ) $ (0.22 ) $ 0.20 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Delivery Commitments | As of March 31, 2019, the Partnership had commitments under sales contracts to deliver annually scheduled base quantities of coal as follows: Year Tons (in thousands) Number of customers 2019 Q2-Q4 3,360 19 2020 1,880 7 2021 852 3 |
Schedule of Lease and Royalty Expense | Lease and royalty expense for the three months ended March 31, 2019 and 2018 are included in Cost of operations in the Partnership’s unaudited condensed consolidated statements of operations and comprehensive income and was as follows: Three Months Ended March 31, 2019 2018 (in thousands) Lease expense $ 1,254 $ 430 Royalty expense $ 3,905 $ 3,644 |
Major Customers (Tables)
Major Customers (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Risks and Uncertainties [Abstract] | |
Summary of Major Customers | March 31, 2019 Receivable Balance December 31, 2018 Receivable Balance Three months ended March 31, 2019 Sales Three months ended March 31, 2018 Sales (in thousands) Javelin Global $ 2,036 $ 4,347 $ 12,911 $ 4,042 Integrity Coal - 937 2,664 6,528 Dominion Energy 1,268 - 2,497 8,165 Big Rivers 946 863 4,048 5,515 Trafigura Trading - - - 7,159 |
Revenue (Tables)
Revenue (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Revenue from Contract with Customer [Abstract] | |
Schedule of Disaggregation of Revenue | The following table disaggregates revenue by type for each reportable segment for the three months ended March 31, 2019: Central Appalachia Northern Appalachia Rhino Western Illinois Basin Other Total Consolidated (in thousands) Coal sales Steam coal $ 13,389 $ 6,065 $ 8,711 $ 13,000 $ - $ 41,165 Met coal 16,698 - - - - 16,698 Other revenue 320 554 - - - 874 Total $ 30,407 $ 6,619 $ 8,711 $ 13,000 $ - $ 58,737 The following table disaggregates revenue by type for each reportable segment for the three months ended March 31, 2018: Central Appalachia Northern Appalachia Rhino Western Illinois Basin Other Total Consolidated (in thousands) Coal sales Steam coal $ 11,662 $ 3,687 $ 8,061 $ 11,611 $ - $ 35,021 Met coal 19,251 - - - - 19,251 Other revenue 62 457 9 - - 528 Total $ 30,975 $ 4,144 $ 8,070 $ 11,611 $ - $ 54,800 |
Segment Information (Tables)
Segment Information (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Segment Reporting [Abstract] | |
Schedule of Reportable Segment Results of Operations | Reportable segment results of operations for the three months ended March 31, 2019 are as follows (Note: “DD&A” refers to depreciation, depletion and amortization): Central Appalachia Northern Appalachia Rhino Western Illinois Basin Other Total Consolidated (in thousands) Total revenues $ 30,407 $ 6,619 $ 8,711 $ 13,000 $ - $ 58,737 DD&A 1,901 408 1,094 2,058 88 5,549 Interest expense - - - - 1,701 1,701 Net Income/(loss) $ 1,183 $ (1,123 ) $ (327 ) $ (3,587 ) $ (3,425 ) $ (7,279 ) Reportable segment results of operations for the three months ended March 31, 2018 are as follows Central Appalachia Northern Appalachia Rhino Western Illinois Basin Other Total Consolidated (in thousands) Total revenues $ 30,975 $ 4,144 $ 8,070 $ 11,611 $ - $ 54,800 DD&A 2,196 140 1,061 1,939 91 5,427 Interest expense - - - - 1,885 1,885 Net Income/(loss) $ 930 $ (1,117 ) $ 963 $ (2,329 ) $ (1,268 ) $ (2,821 ) |
Basis of Presentation and Org_2
Basis of Presentation and Organization (Details Narrative) | Mar. 31, 2016 |
Royal Energy Resources, Inc [Member] | |
Ownership percentage | 100.00% |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies and General (Details Narrative) | Mar. 31, 2019 | Mar. 31, 2018 |
Accounting Policies [Abstract] | ||
Debt effective interest rate | 21.93% | 18.79% |
Prepaid Expenses and Other Cu_3
Prepaid Expenses and Other Current Assets (Details Narrative) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2019 | Dec. 31, 2017 | Dec. 31, 2018 | |
Number of shares sold, shares | 104,100 | ||
Number of shares sold for net consideration | $ 2,300 | ||
Mammoth Energy Services, Inc. [Member] | |||
Number of shares acquired | 568,794 | ||
Shares owned by partnership | 104,100 |
Prepaid Expenses and Other Cu_4
Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Prepaid Expense and Other Assets, Current [Abstract] | ||
Other prepaid expenses | $ 996 | $ 971 |
Prepaid insurance | 741 | 1,397 |
Prepaid leases | 89 | 92 |
Supply inventory | 306 | 306 |
Total Prepaid expenses and other assets | $ 2,132 | $ 2,766 |
Property, Plant and Equipment -
Property, Plant and Equipment - Schedule of Property, Plant and Equipment by Major Classification (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Dec. 31, 2018 | |
Property, Plant and Equipment [Line Items] | ||
Total | $ 450,591 | $ 450,888 |
Less accumulated depreciation, depletion and amortization | (282,437) | (277,029) |
Net | 168,154 | 173,859 |
Mining and Other Equipment and Related Facilities [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total | $ 308,417 | 307,300 |
Mining and Other Equipment and Related Facilities [Member] | Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, Useful Lives | 2 years | |
Mining and Other Equipment and Related Facilities [Member] | Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, Useful Lives | 20 years | |
Mine Development Costs [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total | $ 64,552 | 63,681 |
Mine Development Costs [Member] | Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, Useful Lives | 1 year | |
Mine Development Costs [Member] | Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, Useful Lives | 15 years | |
Coal Properties [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total | $ 63,527 | 63,527 |
Coal Properties [Member] | Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, Useful Lives | 1 year | |
Coal Properties [Member] | Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, Useful Lives | 15 years | |
Land and Land Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total | $ 10,872 | 13,181 |
Construction Work in Process [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total | $ 3,223 | $ 3,199 |
Property, Plant and Equipment_2
Property, Plant and Equipment - Schedule of Depreciation, Depletion and Amortization (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Property, Plant and Equipment [Line Items] | ||
Total depreciation, depletion and amortization | $ 5,549 | $ 5,427 |
Mining and Other Equipment and Related Facilities [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total depreciation, depletion and amortization | 4,163 | 4,087 |
Coal Properties [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total depreciation, depletion and amortization | 466 | 472 |
Mine Development Costs [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total depreciation, depletion and amortization | 844 | 749 |
Asset Retirement Costs [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total depreciation, depletion and amortization | $ 76 | $ 119 |
Leases (Details Narrative)
Leases (Details Narrative) | 3 Months Ended |
Mar. 31, 2019 | |
Leases [Abstract] | |
Leases term description | The leases have remaining lease terms of 1 year to 9 years, some of which include options to extend the leases for up to 15 years. |
Leases - Schedule of Supplement
Leases - Schedule of Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Leases [Abstract] | ||
Operating lease right-of use assets | $ 13,523 | |
Operating lease liabilities-current | 3,175 | |
Operating lease liabilities-long-term | 9,971 | |
Total operating lease liabilities | 13,146 | |
Finance leases: Property. Plant and Equipment, gross | 10 | |
Finance leases: Accumulated depreciation | (1) | |
Finance leases: Total Property, Plant and Equipment, net | 9 | |
Finance leases - current portion | 4 | |
Finance leases - noncurrent portion | 5 | |
Total finance lease obligation | $ 9 |
Leases - Schedule of Weighted A
Leases - Schedule of Weighted Average Discount Rate (Details) | Mar. 31, 2019 |
Leases [Abstract] | |
Weighted Average Discount Rate: Operating leases | 7.00% |
Weighted Average Discount Rate: Finance leases | 7.00% |
Weighted Average Discount Rate: Operating leases term | 5 years 4 months 24 days |
Weighted Average Discount Rate: Finance leases term | 2 years 1 month 6 days |
Leases - Schedule of Suppleme_2
Leases - Schedule of Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Leases [Abstract] | ||
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases | $ 977 | |
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for finance leases | ||
Cash paid for amounts included in the measurement of lease liabilities: Financing cash flows for finance leases | (1) | |
Right-of-use assets obtained in exchange for lease obligations: Operating liabilities | 13,896 | |
Right-of-use assets obtained in exchange for lease obligations: Finance liabilities | $ 10 |
Leases - Schedule of Maturities
Leases - Schedule of Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Leases [Abstract] | ||
Operating leases: 2019 (excluding the three months ended March 31, 2019) | $ 2,986 | |
Operating leases: 2020 | 3,903 | |
Operating leases: 2021 | 2,842 | |
Operating leases: 2022 | 1,819 | |
Operating leases: 2023 | 911 | |
Operating leases: Thereafter | 3,303 | |
Operating leases: Total lease payments | 15,764 | |
Operating Leases Less: Imputed interest | 2,618 | |
Operating leases: Total | 13,146 | |
Finance Leases: 2019 (excluding the three months ended March 31, 2019) | 4 | |
Finance Leases: 2020 | 5 | |
Finance Leases: 2021 | 4 | |
Finance Leases: 2022 | ||
Finance Leases: 2023 | ||
Finance Leases: Thereafter | ||
Finance Leases: Total lease payments | 13 | |
Finance Leases Less: Imputed interest | 4 | |
Finance Leases: Total | $ 9 |
Leases - Schedule of Components
Leases - Schedule of Components of Lease Expense (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2019USD ($) | |
Leases [Abstract] | |
Operating Lease Cost | $ 983 |
Finance lease cost: Amortization of right-of-use assets | 1 |
Finance lease cost: Interest on lease liabilities | |
Total finance lease cost | $ 1 |
Other Non-Current Assets (Detai
Other Non-Current Assets (Details Narrative) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Other Assets, Noncurrent Disclosure [Abstract] | ||
Non-current receivable | $ 24,192 | $ 24,192 |
Workers' compensation benefits liability, noncurrent | $ 24,200 | $ 24,200 |
Other Non-Current Assets - Sche
Other Non-Current Assets - Schedule of Other Non-Current Assets (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Other Assets, Noncurrent Disclosure [Abstract] | ||
Deposits and other | $ 856 | $ 1,144 |
Due (to) Rhino GP | (39) | (84) |
Non-current receivable | 24,192 | 24,192 |
Deferred expenses | 151 | 158 |
Total | $ 25,160 | $ 25,410 |
Accrued Expenses and Other Cu_3
Accrued Expenses and Other Current Liabilities - Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Payables and Accruals [Abstract] | ||
Payroll, bonus and vacation expense | $ 2,104 | $ 2,151 |
Non-income taxes | 2,668 | 2,168 |
Royalty expenses | 2,001 | 1,669 |
Accrued interest | 55 | 35 |
Health claims | 907 | 868 |
Workers' compensation & pneumoconiosis | 1,900 | 1,900 |
Other | 1,205 | 1,316 |
Total | $ 10,840 | $ 10,107 |
Debt (Details Narrative)
Debt (Details Narrative) - USD ($) $ in Thousands | Feb. 14, 2019 | Oct. 26, 2018 | Apr. 17, 2018 | Dec. 27, 2017 | Mar. 31, 2019 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2018 | Dec. 31, 2017 |
Line of Credit Facility [Line Items] | |||||||||
Accrued preferred distributions | $ 300 | $ 3,210 | |||||||
Proceeds from sale of real property | $ 1,401 | $ 3 | |||||||
Financing Agreement [Member] | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Debt due date | Dec. 27, 2020 | ||||||||
Debt instruments interest terms | Loans made pursuant to the Financing Agreement are, at the Operating Company's option, either "Reference Rate Loans" or "LIBOR Rate Loans. "Reference Rate Loans bear interest at the greatest of (a) 4.25% per annum, (b) the Federal Funds Rate plus 0.50% per annum, (c) the LIBOR Rate (calculated on a one-month basis) plus 1.00% per annum or (d) the Prime Rate (as published in the Wall Street Journal) or if no such rate is published, the interest rate published by the Federal Reserve Board as the "bank prime loan" rate or similar rate quoted therein, in each case, plus an applicable margin of 9.00% per annum (or 12.00% per annum if the Operating Company has elected to capitalize an interest payment pursuant to the PIK Option, as described below). LIBOR Rate Loans bear interest at the greater of (x) the LIBOR for such interest period divided by 100% minus the maximum percentage prescribed by the Federal Reserve for determining the reserve requirements in effect with respect to eurocurrency liabilities for any Lender, if any, and (y) 1.00%, in each case, plus 10.00% per annum (or 13.00% per annum if the Borrowers have elected to capitalize an interest payment pursuant to the PIK Option). Interest payments are due on a monthly basis for Reference Rate Loans and one-, two- or three-month periods, at the Operating Company's option, for LIBOR Rate Loans. If there is no event of default occurring or continuing, the Operating Company may elect to defer payment on interest accruing at 6.00% per annum by capitalizing and adding such interest payment to the principal amount of the applicable term loan (the "PIK Option"). | ||||||||
Loan payable on quarterly basis | $ 375 | ||||||||
Debt instrument description | Borrowers must make certain prepayments over the term of any loans outstanding, including: (i) the payment of 25% of Excess Cash Flow (as that term is defined in the Financing Agreement) of the Partnership and its subsidiaries for each fiscal year, commencing with respect to the year ending December 31, 2019, (ii) subject to certain exceptions, the payment of 100% of the net cash proceeds from the dispositions of certain assets, the incurrence of certain indebtedness or receipts of cash outside of the ordinary course of business, and (iii) the payment of the excess of the outstanding principal amount of term loans outstanding over the amount of the Collateral Coverage Amount (as that term is defined in the Financing Agreement). In addition, the Lenders are entitled to (i) certain fees, including 1.50% per annum of the unused Delayed Draw Term Loan Commitment for as long as such commitment exists, (ii) for the 12-month period following the execution of the Financing Agreement, a make-whole amount equal to the interest and unused Delayed Draw Term Loan Commitment fees that would have been payable but for the occurrence of certain events, including among others, bankruptcy proceedings or the termination of the Financing Agreement by the Operating Company, and (iii) audit and collateral monitoring fees and origination and exit fees. | ||||||||
Debt covenant description | Fixed Charge Coverage Ratio of the Partnership and its subsidiaries to be less than 1.20 to 1.00 | ||||||||
Repayments of loan | $ 5,000 | ||||||||
Proceeds from sale of real property | $ 379 | ||||||||
One time cash distribution not exceed amount | $ 3,200 | ||||||||
Partnership borrowed amount | $ 28,700 | ||||||||
Short term variable interest rate | 12.50% | ||||||||
Financing Agreement [Member] | LIBOR Plus [Member] | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Short term variable interest rate | 10.00% | ||||||||
Financing Agreement [Member] | May 13, 2019 [Member] | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Amendment fee amount | $ 600 | ||||||||
Exit fee percentage | 1.00% | ||||||||
Financing Agreement [Member] | Series A Preferred Units [Member] | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Accrued preferred distributions | $ 6,000 | ||||||||
Financing Agreement [Member] | Effective Date Term Loan Commitment [Member] | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Debt instrument principal amount | $ 40,000 | ||||||||
Financing Agreement [Member] | Delayed Draw Term Loan Commitment [Member] | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Debt instrument principal amount | 35,000 | ||||||||
Financing Agreement [Member] | Cortland Capital Market Services LLC [Member] | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Debt instrument principal amount | $ 80,000 | ||||||||
Debt due date | Dec. 27, 2020 | ||||||||
Financing Agreement [Member] | Mammoth Energy Services, Inc. [Member] | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Proceed from sale of shares | $ 5,000 | ||||||||
Percentage of additional shares sold, description | Additionally, the amendments provided that the Partnership could sell additional shares of Mammoth Energy Services Inc. stock and retain 50% of the proceeds with the other 50% used to reduce debt. | ||||||||
Proceeds from sale of stock reduced of outstanding debt | $ 3,400 |
Debt - Schedule of Debt (Detail
Debt - Schedule of Debt (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Debt Disclosure [Abstract] | ||
Note payable -Financing Agreement | $ 28,673 | $ 29,048 |
Note payable-other debt | 522 | |
Finance lease obligation | 9 | |
Net unamortized debt issuance costs | (3,679) | (4,095) |
Net unamortized original issue discount | (738) | (843) |
Total | 24,265 | 24,632 |
Less current portion | (3,057) | (2,174) |
Long-term debt | $ 21,208 | $ 22,458 |
Asset Retirement Obligations -
Asset Retirement Obligations - Schedule of Asset Retirement Obligations (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Asset Retirement Obligation Disclosure [Abstract] | |||
Balance at beginning of period (including current portion) | $ 18,549 | $ 18,662 | $ 18,662 |
Accretion expense | 319 | $ 315 | 1,269 |
Adjustments to the liability from annual recosting and other | (1,083) | ||
Liabilities settled | (15) | (299) | |
Balance at end of period | 18,853 | 18,549 | |
Less current portion of asset retirement obligation | (465) | (465) | |
Long-term portion of asset retirement obligation | $ 18,388 | $ 18,084 |
Employee Benefits - Schedule of
Employee Benefits - Schedule of Expense Under Defined Contribution Savings Plan (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Retirement Benefits [Abstract] | ||
401(k) plan expense | $ 489 | $ 436 |
Partners' Capital (Details Narr
Partners' Capital (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands | Sep. 02, 2017 | Dec. 30, 2016 | Mar. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Mar. 31, 2019 |
First Quarter of 2018 [Member] | Mammoth Energy Services, Inc. [Member] | ||||||
Reclassification from Other Comprehensive Income | $ 4,200 | |||||
Series A Preferred Units [Member] | ||||||
Partnership paid for distributions earned | 300 | |||||
Series A Preferred Units [Member] | First Quarter of 2019 [Member] | ||||||
Partnership paid for distributions earned | $ 3,200 | |||||
Series A Preferred Units [Member] | First Quarter of 2018 [Member] | ||||||
Partnership paid for distributions earned | $ 6,000 | |||||
Series A Preferred Units [Member] | Minimum [Member] | ||||||
Debt conversion price per share | $ 2 | |||||
Series A Preferred Units [Member] | Maximum [Member] | ||||||
Debt conversion price per share | $ 10 | |||||
Royal Common Stock [Member] | ||||||
Weighted average closing price, conversion percent | 75.00% | |||||
Debt conversion price per share | $ 4.51 | |||||
Conversion of debt | $ 4,100 | |||||
Common stock issued for conversion | 914,797 | |||||
Royal Common Stock [Member] | Minimum [Member] | ||||||
Debt conversion price per share | $ 3.50 | |||||
Royal Common Stock [Member] | Maximum [Member] | ||||||
Debt conversion price per share | $ 7.50 | |||||
Fourth Amended and Restated Agreement [Member] | Series A Preferred Units [Member] | ||||||
Units of partnership interest, description | 50% of the CAM Mining free cash flow (as defined below) and (ii) an amount equal to the number of outstanding Series A preferred units multiplied by $0.80. "CAM Mining free cash flow" is defined in the Amended and Restated Partnership Agreement as (i) the total revenue of the Partnership's Central Appalachia business segment, minus (ii) the cost of operations (exclusive of depreciation, depletion and amortization) for the Partnership's Central Appalachia business segment, minus (iii) an amount equal to $6.50, multiplied by the aggregate number of coal tons sold by the Partnership from its Central Appalachia business segment. | |||||
Indebtedness | $ 50,000 | |||||
Unpaid distribution | $ 10 | |||||
Weighted average closing price, conversion percent | 75.00% | |||||
Common Unit Warrants [Member] | ||||||
Number of warrant issuance shares | 683,888 | |||||
Warrant exercise price per share | $ 1.95 | |||||
Warrant expiration term | 5 years | |||||
Common Unit Warrants [Member] | Warrant Agreement [Member] | ||||||
Proceeds from warrant | $ 40,000 | |||||
Fair value of warrants | $ 1,300 | |||||
Partnership's Common Units [Member] | ||||||
Partnership accumulated arrearages | $ 731,600 | $ 731,600 | ||||
Partnership's Common Units [Member] | Minimum [Member] | ||||||
Unpaid distribution | $ 4.45 |
Earnings Per Unit ('EPU') (Deta
Earnings Per Unit ('EPU') (Details Narrative) - shares | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Earnings Per Unit [Abstract] | ||
Potential antidilutive common units warrants | 683,888 | 683,888 |
Earnings Per Unit ('EPU') - Sch
Earnings Per Unit ('EPU') - Schedule of Calculation of Numerator and Denominator in Earnings Per Unit (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Earnings Per Unit [Line Items] | ||
Net (loss)/income | $ (7,279) | $ (2,821) |
General Partner's [Member] | ||
Earnings Per Unit [Line Items] | ||
Net (loss)/income | $ (32) | $ (13) |
Denominator: Weighted average units used to compute basic EPU | ||
Denominator: Weighted average units used to compute diluted EPU | ||
Net (loss)/income per limited partner unit, basic: | ||
Net (loss)/income per limited partner unit, diluted | ||
Common Unitholders' [Member] | ||
Earnings Per Unit [Line Items] | ||
Net (loss)/income | $ (6,941) | $ (2,856) |
Denominator: Weighted average units used to compute basic EPU | 13,098,000 | 12,994,000 |
Denominator: Weighted average units used to compute diluted EPU | 13,098,000 | 12,994,000 |
Net (loss)/income per limited partner unit, basic: | $ (0.53) | $ (0.22) |
Net (loss)/income per limited partner unit, diluted | $ (0.53) | $ (0.22) |
Subordinated Unitholders' [Member] | ||
Earnings Per Unit [Line Items] | ||
Net (loss)/income | $ (606) | $ (252) |
Denominator: Weighted average units used to compute basic EPU | 1,144,000 | 1,146,000 |
Denominator: Weighted average units used to compute diluted EPU | 1,144,000 | 1,146,000 |
Net (loss)/income per limited partner unit, basic: | $ (0.53) | $ (0.22) |
Net (loss)/income per limited partner unit, diluted | $ (0.53) | $ (0.22) |
Preferred Unitholders' [Member] | ||
Earnings Per Unit [Line Items] | ||
Net (loss)/income | $ 300 | $ 300 |
Denominator: Weighted average units used to compute basic EPU | 1,500,000 | 1,500,000 |
Denominator: Weighted average units used to compute diluted EPU | 1,500,000 | 1,500,000 |
Net (loss)/income per limited partner unit, basic: | $ 0.20 | $ 0.20 |
Net (loss)/income per limited partner unit, diluted | $ 0.20 | $ 0.20 |
Commitments and Contingencies_2
Commitments and Contingencies (Details Narrative) $ in Thousands | Mar. 31, 2019USD ($) |
Letter of credit, outstanding | $ 0 |
Cash collateral on deposit | 3,000 |
Deane Mining, LLC [Member] | |
Letter of credit, outstanding | 400 |
Sands Hill Mining, LLC [Member] | |
Letter of credit, outstanding | 3,400 |
Third Parties [Member] | |
Letter of credit, outstanding | $ 42,300 |
Commitments and Contingencies -
Commitments and Contingencies - Schedule of Delivery Commitments (Details) | 3 Months Ended |
Mar. 31, 2019NumberT | |
Commitments and Contingencies Disclosure [Abstract] | |
Tons, 2019 Q2-Q4 | T | 3,360,000 |
Tons, 2020 | T | 1,880,000 |
Tons, 2021 | T | 852,000 |
Number of customers, 2019 | Number | 19 |
Number of customers, 2020 | Number | 7 |
Number of customers, 2021 | Number | 3 |
Commitments and Contingencies_3
Commitments and Contingencies - Schedule of Lease and Royalty Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | ||
Lease expense | $ 1,254 | $ 430 |
Royalty expense | $ 3,905 | $ 3,644 |
Major Customers - Summary of Ma
Major Customers - Summary of Major Customers (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Revenue, Major Customer [Line Items] | |||
Receivable balance | $ 16,981 | $ 15,126 | |
Sales | 58,737 | $ 54,800 | |
Javelin Global [Member] | |||
Revenue, Major Customer [Line Items] | |||
Receivable balance | 2,036 | 4,347 | |
Sales | 12,911 | 4,042 | |
Integrity Coal [Member] | |||
Revenue, Major Customer [Line Items] | |||
Receivable balance | 937 | ||
Sales | 2,664 | 6,528 | |
Dominion Energy [Member] | |||
Revenue, Major Customer [Line Items] | |||
Receivable balance | 1,268 | ||
Sales | 2,497 | 8,165 | |
Big Rivers [Member] | |||
Revenue, Major Customer [Line Items] | |||
Receivable balance | 946 | 863 | |
Sales | 4,048 | 5,515 | |
Trafigura Trading [Member] | |||
Revenue, Major Customer [Line Items] | |||
Receivable balance | |||
Sales | $ 7,159 |
Revenue (Details Narrative)
Revenue (Details Narrative) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Sales Revenue, Net [Member] | ||
Partnership total revenue, percentage | 99.00% | 99.00% |
Other Revenue [Member] | ||
Partnership total revenue, percentage | 1.00% | 1.00% |
Revenue - Schedule of Disaggreg
Revenue - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Total revenue | $ 58,737 | $ 54,800 |
Steam Coal Revenue [Member] | ||
Total revenue | 41,165 | 35,021 |
Met Coal Revenue [Member] | ||
Total revenue | 16,698 | 19,251 |
Other Revenue [Member] | ||
Total revenue | 874 | 528 |
Central Appalachia [Member] | ||
Total revenue | 30,407 | 30,975 |
Central Appalachia [Member] | Steam Coal Revenue [Member] | ||
Total revenue | 13,389 | 11,662 |
Central Appalachia [Member] | Met Coal Revenue [Member] | ||
Total revenue | 16,698 | 19,251 |
Central Appalachia [Member] | Other Revenue [Member] | ||
Total revenue | 320 | 62 |
Northern Appalachia [Member] | ||
Total revenue | 6,619 | 4,144 |
Northern Appalachia [Member] | Steam Coal Revenue [Member] | ||
Total revenue | 6,065 | 3,687 |
Northern Appalachia [Member] | Met Coal Revenue [Member] | ||
Total revenue | ||
Northern Appalachia [Member] | Other Revenue [Member] | ||
Total revenue | 554 | 457 |
Rhino Western [Member] | ||
Total revenue | 8,711 | 8,070 |
Rhino Western [Member] | Steam Coal Revenue [Member] | ||
Total revenue | 8,711 | 8,061 |
Rhino Western [Member] | Met Coal Revenue [Member] | ||
Total revenue | ||
Rhino Western [Member] | Other Revenue [Member] | ||
Total revenue | 9 | |
Illinois Basin [Member] | ||
Total revenue | 13,000 | 11,611 |
Illinois Basin [Member] | Steam Coal Revenue [Member] | ||
Total revenue | 13,000 | 11,611 |
Illinois Basin [Member] | Met Coal Revenue [Member] | ||
Total revenue | ||
Illinois Basin [Member] | Other Revenue [Member] | ||
Total revenue | ||
Other [Member] | ||
Total revenue | ||
Other [Member] | Steam Coal Revenue [Member] | ||
Total revenue | ||
Other [Member] | Met Coal Revenue [Member] | ||
Total revenue | ||
Other [Member] | Other Revenue [Member] | ||
Total revenue |
Fair Value Measurements (Detail
Fair Value Measurements (Details Narrative) - shares | 3 Months Ended | 12 Months Ended |
Mar. 31, 2019 | Dec. 31, 2018 | |
Number of shares sold, shares | 104,100 | |
Mammoth Energy Services, Inc. [Member] | First Quarter of 2018 [Member] | ||
Number of shares sold, shares | 104,100 |
Supplemental Disclosures of C_2
Supplemental Disclosures of Cash Flow Information (Details Narrative) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Other Significant Noncash Transactions [Line Items] | ||
Interest paid | $ 1,100 | $ 1,400 |
Accounts Payable [Member] | ||
Other Significant Noncash Transactions [Line Items] | ||
Additions to property, plant, and equipment | $ 1,400 | $ 2,800 |
Segment Information (Details Na
Segment Information (Details Narrative) | 3 Months Ended |
Mar. 31, 2019Segments | |
Segment Reporting [Abstract] | |
Number of reportable business segments | 4 |
Segment Information - Schedule
Segment Information - Schedule of Reportable Segment Results of Operations (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Segment Reporting Information [Line Items] | ||
Total revenues | $ 58,737 | $ 54,800 |
DD&A | 5,549 | 5,427 |
Interest expense | 1,701 | 1,885 |
Net (loss)/income | (7,279) | (2,821) |
Central Appalachia [Member] | ||
Segment Reporting Information [Line Items] | ||
Total revenues | 30,407 | 30,975 |
DD&A | 1,901 | 2,196 |
Interest expense | ||
Net (loss)/income | 1,183 | 930 |
Northern Appalachia [Member] | ||
Segment Reporting Information [Line Items] | ||
Total revenues | 6,619 | 4,144 |
DD&A | 408 | 140 |
Interest expense | ||
Net (loss)/income | (1,123) | (1,117) |
Rhino Western [Member] | ||
Segment Reporting Information [Line Items] | ||
Total revenues | 8,711 | 8,070 |
DD&A | 1,094 | 1,061 |
Interest expense | ||
Net (loss)/income | (327) | 963 |
Illinois Basin [Member] | ||
Segment Reporting Information [Line Items] | ||
Total revenues | 13,000 | 11,611 |
DD&A | 2,058 | 1,939 |
Interest expense | ||
Net (loss)/income | (3,587) | (2,329) |
Segment Other [Member] | ||
Segment Reporting Information [Line Items] | ||
Total revenues | ||
DD&A | 88 | 91 |
Interest expense | 1,701 | 1,885 |
Net (loss)/income | $ (3,425) | $ (1,268) |