What changed in this filing

/stocks — the workspaceLOADING

Item 4. Controls and Procedures

2021-05-07 compared with 2020-11-05 · 27 added, 20 removed, 61 unchanged (44% of the section changed)

1 unchanged sentence

We maintain controls and procedures designed to provide reasonable assurance that information required to be disclosed in the reports we file with the Securities and Exchange Commission ("SEC") is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow for timely decisions regarding required disclosure.

As required by Rule 13a-15(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), we have evaluated, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) or Rule 15d-15(e) of the Exchange Act) as of September 30, 2020.

Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that these controls and procedures are effective as of September 30, 2020.

During the quarterly period ended September 30, 2020, there have not been any changes in our internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) identified in connection with this evaluation

(including changes as a result of remote work arrangements, staggered shift practices, personnel changes and other responses to the COVID-19 pandemic) that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

During this period, we completed our evaluation and integration of the internal controls and processes of the mineral interests acquired in the Wing Acquisition.

Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that these controls and procedures are effective as of March 31, 2021.

During the quarterly period ended March 31, 2021, there have not been any changes in our internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) identified in connection with this evaluation that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

FORWARD-LOOKING STATEMENTS

Certain statements and information in this Quarterly Report on Form 10-Q may constitute "forward-looking statements."

Certain statements and information in this Quarterly Report on Form 10-Q, and certain oral statements made from time to time by our representatives, constitute "forward-looking statements."

These statements are based on our beliefs as well as assumptions made by, and information currently available to, us.

2 unchanged sentences

"continue,"

"could,"

"estimate,"

1 unchanged sentence

"forecast,"

"foresee,"

"may,"

"outlook,"

"plan,"

"project,"

"potential,"

"should,"

"will,"

"would,"

and similar expressions identify forward-looking statements.

Without limiting the foregoing, all statements relating to our future outlook, the potential impacts of the COVID-19 pandemic on our business operations, anticipated capital expenditures, future cash flows and borrowings and sources of funding are forward-looking statements.

These statements reflect our current views with respect to future events and are subject to numerous assumptions that we believe are reasonable, but are open to a wide range of uncertainties and business risks, and actual results may differ materially from those discussed in these statements.

Without limiting the foregoing, all statements relating to our future outlook, anticipated capital expenditures, future cash flows and borrowings and sources of funding are forward-looking statements.

These forward-looking statements are based on our current expectations and beliefs concerning future developments and reflect our current views with respect to future events and are subject to numerous assumptions that we believe are reasonable, but are open to a wide range of uncertainties and business risks, and actual results could differ materially from those discussed in these statements.

Among the factors that could cause actual results to differ from those in the forward-looking statements are:

● the severity, magnitude and duration of the COVID-19 pandemic, including impacts of the pandemic and of businesses' and governments' responses to the pandemic on our operations and personnel, and on demand for coal, oil and natural gas, the financial condition of our customers and suppliers, available liquidity and capital sources and broader economic disruptions;

● changes in macroeconomic and market conditions and market volatility arising from the COVID-19 pandemic, including coal, oil, natural gas and natural gas liquids prices, and the impact of such changes and volatility on our financial position;

● decline in the coal industry's share of electricity generation, including as a result of environmental concerns related to coal mining and combustion and the cost and perceived benefits of other sources of electricity and fuels, such as oil & gas, nuclear energy, and renewable fuels;

1 unchanged sentence

● changes in coal prices and/or oil & gas prices, demand and availability which could affect our operating results and cash flows;

● actions of the major oil producing countries with respect to oil production volumes and prices may have direct and indirect impacts over the near and long term on oil & gas exploration and production operations at the properties in which we hold mineral interests;

● the severity, magnitude and duration of the COVID-19 pandemic, including impacts of the pandemic and of businesses ' and governments ' responses to the pandemic on our operations and personnel, and on demand for coal, oil and natural gas, the financial condition of our customers and suppliers, available liquidity and credit sources and broader economic disruption that is evolving;

● actions of the major oil producing countries with respect to oil production volumes and prices could have direct and indirect impacts over the near and long term on oil & gas exploration and production operations at the properties in which we hold mineral interests;

● the effectiveness or lack of effectiveness in distributed vaccines to reduce the impact of COVID-19;

● changes in competition in domestic and international coal markets and our ability to respond to such changes;

● potential shut-ins of production by operators of the properties in which we hold mineral interests due to lack of downstream demand or storage capacity;

● potential shut-ins of production by operators of the properties in which we hold mineral interests due to low oil, natural gas and natural gas liquid prices or the lack of downstream demand or storage capacity;

● risks associated with the expansion of our operations and properties;

3 unchanged sentences

● recent action and the possibility of future action on trade made by United States and foreign governments;

● the effect of new tariffs and other trade measures;

● the effect of changes in taxes or tariffs and other trade measures;

● legislation, regulations, and court decisions and interpretations thereof, both domestic and foreign, including those relating to the environment and the release of greenhouse gases, mining, miner health and safety, hydraulic fracturing, and health care;

● deregulation of the electric utility industry or the effects of any adverse change in the coal industry, electric utility industry, or general economic conditions;

● investors' and other stakeholders' increasing attention to environmental, social and governance matters;

● liquidity constraints, including those resulting from any future unavailability of financing;

25 unchanged sentences

Legal Proceedings"

in our Annual Report on Form 10-K for the year ended December 31, 2019 and in "Part II - Item 1A.

Risk Factors"

in our Form 10-Q for the quarterly period ended March 31, 2020.

If one or more of these or other risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results may differ materially from those described in any forward-looking statement.

When considering forward-looking statements, you should also keep in mind the risk factors described in "Item 1A.

in our Annual Report on Form 10-K for the year ended December 31, 2020.

If one or more of these or other risks or uncertainties materialize, or should our underlying assumptions prove incorrect, our actual results could differ materially from those described in any forward-looking statement.

When considering forward-looking statements, you should also keep in mind our risk factors and legal proceedings.

Known material factors that could cause our actual results to differ from those in the forward-looking statements are described in "Item 1.

Legal Proceedings"

and "Item 1A.

Risk Factors"

These risk factors could also cause our actual results to differ materially from those contained in any forward-looking statement.

We disclaim any obligation to update the above list or to announce publicly the result of any revisions to any of the forward-looking statements to reflect future events or developments.

We disclaim any obligation to update or revise any forward-looking statements or to announce publicly the result of any revisions to any of the forward-looking statements to reflect future events or developments, unless required by law.

You should consider the information above when reading or considering any forward-looking statements contained in:

6 unchanged sentences

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.

What changed 10-Q

Item 4. Controls and Procedures