Strong Cash Generation
Generated adjusted EBITDA of $144 million and free cash flow of $131 million during Q2, despite a softer market environment and Leer South mine outage.
Increased Shareholder Returns
Returned $87 million to investors in Q2 through share buybacks and dividends, totaling $194 million in the first half of 2025, surpassing the 75% free cash flow return target.
Operational Excellence and Cost Reduction
The high CV thermal segment increased sales volumes and lowered unit costs, while the Powder River Basin segment delivered strong performance.
Significant Synergy Target Increase
Increased merger-related annual synergy target to $150-$170 million, a 30% increase from original guidance.
Positive Market Dynamics for Thermal Coal
Domestic thermal markets strengthened and PJM capacity auction cleared at a record price, indicating rising demand.
Supportive Legislation
New U.S. legislation provides tax credits and lowers royalty rates, enhancing competitiveness.