3 unchanged sentences
Most of the long-term sales contracts are subject to price adjustment provisions, which periodically permit an increase or decrease in the contract price, typically to reflect changes in specified indices or changes in production costs resulting from regulatory changes, or both.
+Added: In the past several years, global fossil fuel commodity prices have experienced periodic downturns and sustained volatility.
+Added: In particular, since being sworn into office, President Trump has issued numerous Executive Orders aimed to
+Added: increase oil production and decrease commodity prices for consumers.
+Added: For example, President Trump declared a “national energy emergency” in early January 2025, and gave the executive branch more power to expedite approvals for energy resource infrastructure (including coal, oil and gas).
+Added: Additionally, President Trump’s “Unleashing American Energy” and “Reinvigorating America’s Beautiful Clean Coal Industry” Executive Orders incorporated numerous provisions aimed at unburdening and removing impediments to the development of various domestic energy resources, such as coal, oil and gas.
+Added: In April 2025, President Trump signed an Executive Order that, among other matters, directed the U.S.
+Added: Attorney General to investigate certain state laws that may adversely impact the development of energy resources, including state laws relating to climate change, environmental, social and governance initiatives, and funds collecting carbon penalties and/or taxes.
+Added: We cannot predict what impact these Executive Orders or other executive actions may ultimately have on production or the prices we receive for our coal, oil and natural gas.
Our results of operations are highly dependent upon the prices we receive for our coal, oil and natural gas.
20 unchanged sentences
Borrowings under the Revolving Credit Facility and Securitization Facility are at variable rates and, as a result, we have interest rate exposure on any amounts drawn under these facilities.
−Removed: 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
−Removed: outstanding debt.
−Removed: We did not have an outstanding balance under either the Revolving Credit Facility or the Securitization Facility at September 30, 2024.
+Added: 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.
+Added: We did not have an outstanding balance under either the Revolving Credit Facility or the Securitization Facility at March 31, 2025.
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, 2024.
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.