4 unchanged sentences
Our results of operations are highly dependent upon the prices we receive for our coal, oil and natural gas.
−Removed: The short-term coal contracts favored by some of our customers leave us more exposed to risks of declining coal price periods.
−Removed: Also, as seen in our second quarter results, a significant decline in oil and natural gas prices, caused by lower global energy demand during the COVID-19 pandemic and actions of major oil producing countries, had a significant impact on our royalty revenues.
−Removed: Please see "Part I - Item 2.
+Added: Regarding coal, the short-term sales contracts favored by some of our coal customers leave us more exposed to risks of declining coal price periods.
+Added: Regarding oil & natural gas, as seen in our second and third quarter results, lower sales price realizations, caused by lower global energy demand during the COVID-19 pandemic and actions of major oil producing countries, had a significant impact on our royalty revenues.
+Added: Please see discussions above, "Part I - Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations"
−Removed: for more information on the impacts of the COVID-19 pandemic and lower oil and natural gas prices on the results of our operations.
+Added: and discussions in our Form 10-Q for the quarterly period ended June 30, 2020, for more information regarding the impact of the COVID-19 pandemic and lower oil and natural gas prices on the results of our operations for the 2020 Quarter and the Sequential Quarter.
We have exposure to coal, oil and natural gas sales prices and price risk for supplies that are used directly or indirectly in the normal course of coal and oil & gas production such as steel, electricity and other supplies.
18 unchanged sentences
Historically, our earnings have not been materially affected by changes in interest rates and we have not utilized interest rate derivative instruments related to our outstanding debt.
−Removed: We had $265.0 million in borrowings under the Revolving Credit Facility and $38.9 million in borrowings under the Securitization Facility at June 30, 2020.
−Removed: A one percentage point increase in the interest rates related to the Revolving Facility and Securitization Facility would result in an annualized increase in interest expense of $3.0 million, based on borrowing levels at June 30, 2020.
+Added: We had $135.0 million in borrowings under the Revolving Credit Facility and $72.2 million in borrowings under the Securitization Facility at September 30, 2020.
+Added: A one percentage point increase in the interest rates related to the Revolving Facility and Securitization Facility would result in an annualized increase in interest expense of $2.1 million, based on borrowing levels at September 30, 2020.
There were no other changes in our quantitative and qualitative disclosures about market risk as set forth in our Annual Report on Form 10-K for the year ended December 31, 2019.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.