Updating estimates. We have updated our 2022 revenue, EBITDA and EPS estimates to $2.362 billion, $759.2 million, and $3.45 from $2.391 billion, $744.6 million, and $3.40. Our respective second quarter estimates are $588.7 million, $190.8 million, and $0.88. While our 2022 revenue estimate was trimmed about $30 million to reflect modest changes in our production estimates, we anticipate stronger margins than previously forecast. Coal prices have strengthened since the beginning of June, and we have increased our 2023 revenue, EBITDA and EPS estimates to $2.6 billion, $799.4 million, and $3.65, respectively.A win for coal-producing states. In a win for coal-producing states last week, the U.S. Supreme Court ruled that the Environmental Protection Agency (EPA) does not have the authority to set limits on carbon emissions from existing power plants. In our view, the outcome limits federal agencies from exercising broad regulatory power beyond what is authorized by Congress and could lead to a longer transition to lower carbon fuels using a more thoughtful and balanced framework. Read More >>