Adjusted EBITDA Increase
Adjusted EBITDA for Q1 was $30.0 million, up from $28.5 million in the prior year quarter, an increase of approximately $1.5 million (≈5.3%).
Higher Realizations for Metallurgical Coal
Met segment realizations improved quarter-over-quarter: average realization $124.39/ton in Q1 vs $115.31/ton in Q4 (+≈7.9%). Total weighted metallurgical realization was $128.40/ton vs $118.10/ton in Q4 (+≈8.7%). Export tons linked to Australian indices realized $144.09/ton (vs $114.96 in Q4, +≈25.3%).
Operating Cash Flow Improvement
Cash provided by operating activities rose to $29.0 million in Q1 from $19.0 million in Q4, an increase of $10.0 million (≈52.6%).
Strong Contracted Coverage
At midpoint guidance, 48% of metallurgical tonnage is committed and priced at an average of $132.03/ton, with another 43% committed but not yet priced; thermal byproduct portion is fully committed and priced at $74.53/ton.
CapEx and Mine Ramp Supporting Future Production
Q1 capital expenditures increased to $40.7 million from $29.0 million in Q4 (+≈40.3%), and the Wildcat (low-vol) mine reached coal and is expected to complete development in Q2 with ramped production in Q3–Q4.
Operational Resilience and Recognition
Teams received third-party recognition for safety, mine rescue, environmental stewardship and reclamation; sales team successfully mitigated a four-week outage at Dominion Terminal by utilizing additional Hampton Roads capacity.