Hallador Energy (HNRG) 10-Q 10 Nov 14 2014 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 10, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'HALLADOR ENERGY COMPANY	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	28,776,766
Amendment Flag	'false	'
Entity Central Index Key	'0000788965	'
Entity Filer Category	'Accelerated Filer	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

Consolidated_Balance_Sheet

Consolidated Balance Sheet (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$22,018	$16,228
Marketable securities	1,720	'
Accounts receivable	35,698	10,577
Amounts due from subsidiary	8,200	'
Prepaid income taxes	2,541	4,661
Coal inventory	17,883	4,778
Parts and supply inventory	14,902	2,826
Other	4,173	291
Total current assets	107,135	39,361
Coal properties, at cost:	'	'
Land and mineral rights	130,492	26,476
Buildings and equipment	335,059	148,077
Mine development	86,395	85,333
Total coal properities, at cost	551,946	259,886
Less - accumulated DD&A	-94,523	-77,545
Total coal properties, net	457,423	182,341
Other assets (Note 5)	22,377	17,405
Total assets	610,957	260,413
Current liabilities:	'	'
Current portion of long-term debt	19,688	'
Accounts payable and accrued liabilities	29,512	10,357
Total current liabilities	49,200	10,357
Long-term liabilities:	'	'
Bank debt	325,938	16,000
Deferred income taxes	39,237	43,304
Asset retirement obligations	11,856	5,290
Other	1,838	2,128
Total long-term liabilities	378,869	66,722
Total liabilities	428,069	77,079
Commitments and contingencies	'	'
Stockholders' equity:	'	'
Preferred stock, $.10 par value, 10,000 shares authorized; none issued	'	'
Common stock, $.01 par value, 100,000 shares authorized; 28,778 and 28,751 shares outstanding, respectively	287	287
Additional paid-in capital	90,112	87,872
Retained earnings	92,029	94,796
Accumulated other comprehensive income	460	379
Total stockholders' equity	182,888	183,334
Total liabilities and stockholders' equity	610,957	260,413
Savoy [Member]	'	'
Current assets:	'	'
Total current assets	27,247	'
Coal properties, at cost:	'	'
Investment in subsidiaries	19,258	16,733
Total assets	56,187	'
Long-term liabilities:	'	'
Total liabilities	10,814	'
Stockholders' equity:	'	'
Total liabilities and stockholders' equity	56,187	'
Sunrise Energy [Member]	'	'
Current assets:	'	'
Total current assets	3,496	'
Coal properties, at cost:	'	'
Investment in subsidiaries	4,764	4,573
Total assets	10,241	'
Long-term liabilities:	'	'
Total liabilities	724	'
Stockholders' equity:	'	'
Total liabilities and stockholders' equity	$10,241	'

Consolidated_Balance_Sheet_Par

Consolidated Balance Sheet (Parentheticals) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, par value (in dollars per share)	$0.10	$0.10
Preferred stock, issued	0	0
Common stock, shares authorized	100,000,000	100,000,000
Common stock,par value (in dollars per share)	$0.01	$0.01
Common stock, outstanding	28,778,000	28,751,000

Consolidated_Statement_of_Oper

Consolidated Statement of Operations (USD $)	3 Months Ended				9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Revenue:	'		'		'		'
Coal sales	$64,764		$34,985		$133,910		$103,129
Liability entinguishment (Note 9)	'		'		'		4,300
Other (Note 5)	237		455		717		3,615
Revenue	66,322		37,660		140,549		116,058
Costs and expenses:	'		'		'		'
Operating costs and expenses	52,588		23,407		101,689		68,959
DD&A	6,979		4,772		17,131		13,982
Coal exploration costs	716		739		1,907		1,725
SG&A	2,511		1,936		7,220		5,586
Interest	1,825		308		2,687		1,131
Write off deferred financing costs	1,021		'		1,021		'
Acquisition deal costs (Note 10)	7,891		'		7,891		'
Costs and expenses	73,531		31,162		139,546		91,383
Income (loss) before income taxes	-7,209		6,498		1,003		24,675
Less income taxes:	'		'		'		'
Current	-157		-609		4,244		1,297
Deferred	-1,284		2,277		-4,067		4,915
Income taxes	-1,441		1,668		177		6,212
Net income (loss)	-5,768	[1]	4,830	[1]	826	[1]	18,463	[1]
Net income per share: (Note 8)	'		'		'		'
Basic (in Dollars per share)	($0.20)		$0.17		$0.03		$0.65
Diluted (in Dollars per share)	($0.20)		$0.17		$0.03		$0.64
Weighted average shares outstanding:	'		'		'		'
Basic (in Shares)	28,772		28,607		28,766		28,580
Diluted (in Shares)	29,310		28,838		29,108		28,851
Savoy [Member]	'		'		'		'
Revenue:	'		'		'		'
Equity income (loss)	1,217		2,048		5,731		4,495
Revenue	'		'		32,135		29,444
Costs and expenses:	'		'		'		'
Costs and expenses	'		'		19,423		19,471
Less income taxes:	'		'		'		'
Net income (loss)	'		'		12,712		9,973
Sunrise Energy [Member]	'		'		'		'
Revenue:	'		'		'		'
Equity income (loss)	104		172		191		519
Revenue	'		'		2,328		2,551
Costs and expenses:	'		'		'		'
Costs and expenses	'		'		1,945		1,513
Less income taxes:	'		'		'		'
Net income (loss)	'		'		$383		$1,038
[1]	There is no material difference between net income (loss) and comprehensive income (loss).

Consolidated_Statement_of_Cash

Consolidated Statement of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Operating activities:	'	'
Cash provided by operating activities	$20,730	$20,310
Investing activities:	'	'
Capital expenditures for coal properties	-14,326	-23,558
Ohio River Terminal	'	-2,866
Acquisition	-319,762	'
Other	'	256
Cash used in investing activities	-334,088	-26,168
Financing activities:	'	'
Dividends	-3,593	-2,317
Bank borrowings	350,000	'
Payments on bank debt	-20,375	'
Deferred financing costs	-6,884	'
Cash provided by (used in) financing activities	319,148	-2,317
Increase (decrease) in cash and cash equivalents	5,790	-8,175
Cash and cash equivalents, beginning of period	16,228	21,888
Cash and cash equivalents, end of period	$22,018	$13,713

Consolidated_Statement_of_Stoc

Consolidated Statement of Stockholders' Equity (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]		Total
In Thousands
Balance at Dec. 31, 2013	$287	$87,872	$94,796	$379	[1]	$183,334
Balance (in Shares) at Dec. 31, 2013	28,751	'	'	'		'
Stock-based compensation	'	2,289	'	'		2,289
Stock-based compensation (in Shares)	7	'	'	'		'
Other	'	-49	'	81	[1]	32
Other (in Shares)	20	'	'	'		'
Dividends	'	'	-3,593	'		-3,593
Net income (loss)	'	'	826	'		826	[2]
Balance at Sep. 30, 2014	$287	$90,112	$92,029	$460	[1]	$182,888
Balance (in Shares) at Sep. 30, 2014	28,778	'	'	'		'
[1]	Accumulated Other Comprehensive Income
[2]	There is no material difference between net income (loss) and comprehensive income (loss).

General_Business

General Business	9 Months Ended
	Sep. 30, 2014
General Business [Abstract]	'
General Business	'
	(1)   General Business
	The interim financial data is unaudited; however, in our opinion, it includes all adjustments, consisting only of normal recurring adjustments necessary for a fair statement of the results for the interim periods.  The financial statements included herein have been prepared pursuant to the SEC’s rules and regulations; accordingly, certain information and footnote disclosures normally included in GAAP financial statements have been condensed or omitted.
	The results of operations and cash flows for the nine months ended September 30, 2014 are not necessarily indicative of the results to be expected for future quarters or for the year ending December 31, 2014.  To maintain consistency and comparability, certain 2013 amounts have been reclassified to conform to the 2014 presentation.
	Our organization and business, the accounting policies we follow and other information, are contained in the notes to our consolidated financial statements filed as part of our 2013 Form 10-K. This quarterly report should be read in conjunction with such 10-K.
	The consolidated financial statements include the accounts of Hallador Energy Company (the Company) and its wholly-owned subsidiary Sunrise Coal, LLC (Sunrise) and Sunrise’s wholly-owned subsidiaries.  All significant intercompany accounts and transactions have been eliminated.  We are engaged in the production of steam coal from mines located in western Indiana.  We own a 40% equity interest in Savoy Energy, L.P., a private oil and gas company which has operations in Michigan and a 50% interest in Sunrise Energy, LLC, a private entity engaged in natgas operations in the same vicinity as the Carlisle mine.

Bank_Debt

Bank Debt	9 Months Ended
	Sep. 30, 2014
Bank Debt [Abstract]	'
Bank Debt	'
	(2)   Bank Debt
	To finance the Vectren Fuels acquisition (see Note 10) we entered into a credit agreement with PNC Bank as administrative agent for a group of several other banks.  The credit agreeme-+
	nt allows for a $250 million revolver and a $175 million term loan. Considering the acquisition and the payment of bank fees, our debt at September 30, 2014 is $345.6 million.  The maximum that we can currently borrow is $398 million due to the covenants. The credit facility is collateralized by substantially all of Sunrise’s assets and we are the guarantor.  Bank fees and other costs incurred in connection with this new facility were about $6.8 million which were deferred and are being amortized over five years.  Deferred financing costs, associated with our previous credit facility, approximated $1 million and were expensed.
	All borrowings under the credit agreement bear interest at LIBOR plus 2.25% if the leverage ratio is less than 1X; LIBOR plus 2.5% if the leverage ratio is over 1X but less than 1.5X; LIBOR plus 2.75% if the ratio is over 1.5X but less than 2X; LIBOR plus 3% if the ratio is over 2X but less than 2.5X and at LIBOR plus 3.5% if the leverage ratio is over 2.5X (which it currently is).  We are required to pay at the highest rate (LIBOR plus 3.5%) through the first quarter of 2015.  The maximum leverage ratio is currently 3.25X.  The leverage ratio is equal to funded debt/EBITDA.  We entered into swap agreements to fix the LIBOR component of the interest rate to achieve an effective fixed rate of no greater than 5% on 100% ($175 million) of the term loan and on $100 million of the revolver.  The revolver steps down 10% each quarter commencing March 31, 2016.  As of September 30, 2014 these two interest rate swaps had a de minimus fair value.
	The credit agreement also imposes certain other customary restrictions and covenants as well as certain milestones we must meet in order to draw down the full amount.  Any non-tax cash distributions from Savoy are required to be applied toward the debt.  The term loan requires annual amortization during the five years at 10%,  15%,  15%,  20%, and 20% with a balloon at maturity.
	The credit agreement matures on August 29, 2019, but we have the right to prepay the loan at any time without penalty.

Investment_in_Savoy

Investment in Savoy (Savoy [Member])	9 Months Ended
	Sep. 30, 2014
Savoy [Member]	'
Investment	'
	(3)   Investment in Savoy
	We currently own a 40% interest in Savoy Energy, L.P., a private company engaged in the oil and gas business primarily in the state of Michigan. Savoy uses the successful efforts method of accounting.  We account for our interest using the equity method of accounting.  Our ownership was 45% but was decreased on October 1, 2014 due to the exercise of options by Savoy’s management.
	Below (in thousands) to the 100% is a condensed balance sheet at September 30, 2014, and a condensed statement of operations for the nine months ended September 30, 2014 and 2013.
	Condensed Balance Sheet
			2014
	Current assets		$	27,247
	Oil and gas properties, net			28,940
			$	56,187
	Total liabilities		$	10,814
	Partners' capital			45,373
			$	56,187
	Condensed Statement of Operations
		2014			2013
	Revenue	$	32,135		$	29,444
	Expenses		-19,423			-19,471
	Net income	$	12,712		$	9,973
	Late last year Savoy engaged Energy Spectrum Advisors Inc. (ESA) to market its Trenton-Black River oil properties located in southeast Michigan. No acceptable offers were received. Marketing efforts are on hold until oil prices recover. Savoy made a $12 million cash distribution in early October 2014; our share was $4.9 million; such amount was applied toward our bank debt.

Investment_in_Sunrise_Energy

Investment in Sunrise Energy (Sunrise Energy [Member])	9 Months Ended
	Sep. 30, 2014
Sunrise Energy [Member]	'
Investment	'
	(4)   Investment in Sunrise Energy
	We own a 50% interest in Sunrise Energy, LLC, a private company engaged in the oil and gas business that develops and explores for coal-bed methane gas reserves on or near our underground coal reserves. They use the successful efforts method of accounting. We account for our interest using the equity method of accounting.
	Below (in thousands) to the 100% is a condensed balance sheet at September 30, 2014, and a condensed statement of operations for the nine months ended September 30, 2014 and 2013.
	Condensed Balance Sheet
		2014
	Current assets	$	3,496
	Oil and gas properties, net		6,745
		$	10,241
	Total liabilities	$	724
	Members' capital		9,517
		$	10,241
	Condensed Statement of Operations
		2014		2013
	Revenue	$	2,328	$	2,551
	Expenses		-1,945		-1,513
	Net income	$	383	$	1,038

Other_LongTerm_Assets_and_Othe

Other Long-Term Assets and Other Income	9 Months Ended
	Sep. 30, 2014
Other Long Term Assets And Other Income [Abstract]	'
Other Long Term Assets And Other Income	'
	(5)   Other Long-Term Assets and Other Income
		September 30,		December 31,
		2014		2013
	Long-term assets:
	Advance coal royalties	$	5,462	$	4,693
	Deferred financing costs, net		6,855		1,195
	Marketable equity securities available for sale, at fair value (restricted)*		2,374		3,889
	Ohio River Terminal (see Note 7)		2,698		2,836
	Other		4,988		4,792
		$	22,377	$	17,405
	____________________
	*Held by Sunrise Indemnity, Inc., our wholly-owned captive insurance company.
			Nine months ended
			September 30,
			2014			2013
	Other income:
	MSHA reimbursements*					$	2,053
	Coal storage fees		$		83		964
	Miscellaneous				634		598
			$		717	$	3,615
	_______________________
	*See “MSHA Reimbursements” on page 20.

Self_Insurance

Self Insurance	9 Months Ended
	Sep. 30, 2014
Self Insurance [Abstract]	'
Self Insurance	'
	(6)   Self Insurance
	In late August 2010 we decided to terminate the property insurance on our underground mining equipment.  Such equipment is allocated among 13 mining units spread out over 23 miles.  The historical cost of such equipment is about $245 million.

Ohio_River_Terminal

Ohio River Terminal	9 Months Ended
	Sep. 30, 2014
Ohio River Terminal [Abstract]	'
Ohio River Terminal	'
	(7)   Ohio River Terminal
	On May 31, 2013 we purchased for $2.8 million a multi-commodity truck/barge terminal.  Over 17 acres of secured area is available.  The terminal is at mile point 743.8 on the Indiana bank of the Ohio River near the William Natcher Bridge between Rockport and Grandview, Indiana.  Currently the dock will handle third party commodities. In the long term, we plan to ship coal through the dock.  The terminal is in close proximity to the NS railroad, the CSX railroad, and American Electric Power's Rockport generating power plant.

Net_Income_Loss_per_Share

Net Income (Loss) per Share	9 Months Ended
	Sep. 30, 2014
Net Income (Loss) per Share [Abstract]	'
Net Income (Loss) per Share	'
	(8)   Net Income (Loss) per Share
	We compute net income (loss) per share using the two-class method, which is an allocation formula that determines net income (loss) per share for common stock and participating securities which for us are our outstanding RSUs (restricted stock units).
	The following table sets forth the computation of net income (loss) per share for the nine and three months ended September 30, 2014. The adjustments for 2013 were not significant (in thousands, except per share amounts):
		Nine months		Three months
	Numerator:
	Net income (loss)	$	826	$	-5,768
	Less:  earnings allocated to RSUs		-23
	Net income (loss) available to common shareholders	$	803	$	-5,768
	Denominator:
	Average number of common shares outstanding		28,766		28,772
	Potential dilutive shares		342		538
	Average number of diluted shares outstanding		29,108		29,310
	Net income (loss) per share:
	Basic	$	0.03	$	-0.2
	Diluted	$	0.03	$	-0.2

Liability_Extinguishment

Liability Extinguishment	9 Months Ended
	Sep. 30, 2014
Liability Extinguishment [Abstract]	'
Liability Extinguishment	'
	(9)   Liability Extinguishment
	During the 2013 second quarter we concluded that an approximate $4.3 million liability we recorded during 2006 upon the purchase of Sunrise Coal relating to a terminated coal contract was no longer required. The amount had no effect on cash flows.

Vectren_Fuels_Acquisition

Vectren Fuels Acquisition	9 Months Ended
	Sep. 30, 2014
Vectren Fuels Acquisition [Abstract]	'
Vectren Fuels Acquisition	'
	(10)  Vectren Fuels Acquisition
	On August 29, 2014, we consummated the acquisition of all the common stock of Vectren Fuels, Inc. (VFI) for $320 million, which was accounted for as a business acquisition requiring measurement of acquired assets and assumed liabilities at their estimated fair value in applying purchase accounting.  The estimated fair values are based on market participant assumptions.  The acquisition was financed through a new debt facility, and the preliminary purchase price allocation and use of proceeds from the new debt facility were as follows (assets not received or liabilities not assumed were retained by the parent company of VFI):
	Assets received:
	Accounts receivable	$	25,109
	Coal inventory		21,484
	Parts and supply inventory		13,176
	Advance royalties		685
	Prepaid expenses		909
	Land and mineral rights		103,577
	Buildings and equipment		174,180
	Total assets received		339,120
	Liabilities assumed:
	Accounts payable and accrued liabilities		12,808
	Asset retirement obligations		6,550
	Total liabilities assumed		19,358
	Total consideration paid for VFI	$	319,762
	Use of proceeds from new debt facility:
	Cash	$	1,805
	Consideration paid for VFI		319,762
	Deferred financing costs		6,163
	Payoff existing debt facility		16,149
	Acquisition costs paid at closing		6,121
	Total	$	350,000
	The allocation of the purchase price is preliminary pending the completion of various analyses and the finalization of estimates. During the measurement period (which is not to exceed one year from the acquisition date), additional assets or liabilities may be recognized if new information is obtained about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in the recognition of those assets or liabilities as of that date. The preliminary allocation may be adjusted after obtaining additional information regarding, among other things, asset valuations, liabilities assumed and revisions of previous estimates. These adjustments may be significant and will be accounted for retrospectively.  The closing expenses include certain contract termination costs related to the termination of a contract post combination, which was to our benefit.
	The acquisition generated $26.6 million of revenue and $2.5 million of pretax income since the August 29, 2014 acquisition date, and these amounts are included in our operations for the nine months ended September 30, 2014.
	The following unaudited pro forma information has been prepared for illustrative purposes only and assumes the acquisition occurred on January 1, 2013. The unaudited pro forma results have been prepared based on estimates and assumptions, which we believe are reasonable, however, they are not necessarily indicative of the consolidated results of operations had the acquisition occurred on January 1, 2013, or of future results of operations. Vectren deal costs of $7.9 million have been excluded from the pro forma amounts.
		Nine Months Ended
		September 30,
		2014		2013
		(In thousands, except per share data)
	Total Revenues
	As reported	$	140,549	$	116,058
	Pro forma	$	361,464	$	335,625
	Net income applicable to common shareholders
	As reported	$	826	$	18,463
	Pro forma	$	33,843	$	34,877
	Basic net income per share applicable to common shareholders
	As reported	$	0.03	$	0.65
	Pro forma	$	1.18	$	1.22

Investment_in_Savoy_Tables

Investment in Savoy (Tables) (Savoy [Member])	9 Months Ended
	Sep. 30, 2014
Savoy [Member]	'
Condensed Balance Sheet	'
	Condensed Balance Sheet
			2014
	Current assets		$	27,247
	Oil and gas properties, net			28,940
			$	56,187
	Total liabilities		$	10,814
	Partners' capital			45,373
			$	56,187
Condensed Statement of Operations	'
	Condensed Statement of Operations
		2014			2013
	Revenue	$	32,135		$	29,444
	Expenses		-19,423			-19,471
	Net income	$	12,712		$	9,973

Investment_in_Sunrise_Energy_T

Investment in Sunrise Energy (Tables) (Sunrise Energy [Member])	9 Months Ended
	Sep. 30, 2014
Sunrise Energy [Member]	'
Condensed Balance Sheet	'
	Condensed Balance Sheet
		2014
	Current assets	$	3,496
	Oil and gas properties, net		6,745
		$	10,241
	Total liabilities	$	724
	Members' capital		9,517
		$	10,241
Condensed Statement of Operations	'
	Condensed Statement of Operations
		2014		2013
	Revenue	$	2,328	$	2,551
	Expenses		-1,945		-1,513
	Net income	$	383	$	1,038

Other_LongTerm_Assets_and_Othe1

Other Long-Term Assets and Other Income (Tables)	9 Months Ended
	Sep. 30, 2014
Other Long Term Assets And Other Income [Abstract]	'
Schedule of Long-Term Assets	'
		September 30,		December 31,
		2014		2013
	Long-term assets:
	Advance coal royalties	$	5,462	$	4,693
	Deferred financing costs, net		6,855		1,195
	Marketable equity securities available for sale, at fair value (restricted)*		2,374		3,889
	Ohio River Terminal (see Note 7)		2,698		2,836
	Other		4,988		4,792
		$	22,377	$	17,405
	____________________
	*Held by Sunrise Indemnity, Inc., our wholly-owned captive insurance company.
Schedule of Other Income	'
		Nine months ended
		September 30,
		2014		2013
	Other income:
	MSHA reimbursements*			$	2,053
	Coal storage fees	$	83		964
	Miscellaneous		634		598
		$	717	$	3,615
	_______________________
	*See “MSHA Reimbursements” on page 20

Net_Income_Loss_per_Share_Tabl

Net Income (Loss) per Share (Tables)	9 Months Ended
	Sep. 30, 2014
Net Income (Loss) per Share [Abstract]	'
Computation of Earnings per Share	'
	The following table sets forth the computation of net income (loss) per share for the nine and three months ended September 30, 2014. The adjustments for 2013 were not significant (in thousands, except per share amounts):
		Nine months		Three months
	Numerator:
	Net income (loss)	$	826	$	-5,768
	Less:  earnings allocated to RSUs		-23
	Net income (loss) available to common shareholders	$	803	$	-5,768
	Denominator:
	Average number of common shares outstanding		28,766		28,772
	Potential dilutive shares		342		538
	Average number of diluted shares outstanding		29,108		29,310
	Net income (loss) per share:
	Basic	$	0.03	$	-0.2
	Diluted	$	0.03	$	-0.2

Vectren_Fuels_Acquisition_Tabl

Vectren Fuels Acquisition (Tables)	9 Months Ended
	Sep. 30, 2014
Vectren Fuels Acquisition [Abstract]	'
Schedule of Business Acquisition	'
	The estimated fair values are based on market participant assumptions.  The acquisition was financed through a new debt facility, and the preliminary purchase price allocation and use of proceeds from the new debt facility were as follows (assets not received or liabilities not assumed were retained by the parent company of VFI):
	Assets received:
	Accounts receivable	$	25,109
	Coal inventory		21,484
	Parts and supply inventory		13,176
	Advance royalties		685
	Prepaid expenses		909
	Land and mineral rights		103,577
	Buildings and equipment		174,180
	Total assets received		339,120
	Liabilities assumed:
	Accounts payable and accrued liabilities		12,808
	Asset retirement obligations		6,550
	Total liabilities assumed		19,358
	Total consideration paid for VFI	$	319,762
	Use of proceeds from new debt facility:
	Cash	$	1,805
	Consideration paid for VFI		319,762
	Deferred financing costs		6,163
	Payoff existing debt facility		16,149
	Acquisition costs paid at closing		6,121
	Total	$	350,000
Schedule of Business Acquisition Pro Forma Information	'
	The following unaudited pro forma information has been prepared for illustrative purposes only and assumes the acquisition occurred on January 1, 2013. The unaudited pro forma results have been prepared based on estimates and assumptions, which we believe are reasonable, however, they are not necessarily indicative of the consolidated results of operations had the acquisition occurred on January 1, 2013, or of future results of operations. Vectren deal costs of $7.9 million have been excluded from the pro forma amounts.
		Nine Months Ended
		September 30,
		2014		2013
		(In thousands, except per share data)
	Total Revenues
	As reported	$	140,549	$	116,058
	Pro forma	$	361,464	$	335,625
	Net income applicable to common shareholders
	As reported	$	826	$	18,463
	Pro forma	$	33,843	$	34,877
	Basic net income per share applicable to common shareholders
	As reported	$	0.03	$	0.65
	Pro forma	$	1.18	$	1.22

General_Business_Details

General Business (Details)	Sep. 30, 2014
Savoy [Member]	'
Equity method investment ownership percentage	40.00%
Sunrise Energy [Member]	'
Equity method investment ownership percentage	50.00%

Bank_Debt_Details

Bank Debt (Details) (USD $)	9 Months Ended
	Sep. 30, 2014
Debt Instrument [Line Items]	'
Deferred financing costs expensed	$1,000,000
Debt maturity date	29-Aug-19
PNC Bank [Member]	'
Debt Instrument [Line Items]	'
Closing costs of debt	6,800,000
Loan initiation amortization period	'5 years
Credit agreement, amount outstanding	345,600,000
Credit facility, maximum borrowing capacity	398,000,000
Maximum [Member]	'
Debt Instrument [Line Items]	'
Maximum leverage ratio	325.00%
Revolving Credit Facility [Member] | PNC Bank [Member]	'
Debt Instrument [Line Items]	'
Credit facility, maximum borrowing capacity	250,000,000
Term Loan [Member]	'
Debt Instrument [Line Items]	'
Amortization period of loan	'5 years
Term Loan [Member] | Debt Instrument, Redemption, Period Five [Member]	'
Debt Instrument [Line Items]	'
Loan annual amortization	20.00%
Term Loan [Member] | Debt Instrument, Redemption, Period Four [Member]	'
Debt Instrument [Line Items]	'
Loan annual amortization	20.00%
Term Loan [Member] | Debt Instrument, Redemption, Period One [Member]	'
Debt Instrument [Line Items]	'
Loan annual amortization	10.00%
Term Loan [Member] | Debt Instrument, Redemption, Period Three [Member]	'
Debt Instrument [Line Items]	'
Loan annual amortization	15.00%
Term Loan [Member] | Debt Instrument, Redemption, Period Two [Member]	'
Debt Instrument [Line Items]	'
Loan annual amortization	15.00%
Term Loan [Member] | PNC Bank [Member]	'
Debt Instrument [Line Items]	'
Debt face amount	175,000,000
Sunrise Coal [Member] | PNC Bank [Member]	'
Debt Instrument [Line Items]	'
Percentage decrease in amount of debt with maximum interest rate per quarter after commencement date	10.00%
Date that the percentage of debt with a maximum interest rate begins to decrease quarterly	31-Mar-16
Sunrise Coal [Member] | Maximum [Member] | PNC Bank [Member]	'
Debt Instrument [Line Items]	'
Interest rate maximum	5.00%
Sunrise Coal [Member] | Revolving Credit Facility [Member] | PNC Bank [Member]	'
Debt Instrument [Line Items]	'
Amount of debt with maximum interest rate	100,000,000
Sunrise Coal [Member] | Term Loan [Member] | PNC Bank [Member]	'
Debt Instrument [Line Items]	'
Amount of debt with maximum interest rate	$175,000,000
Leverage Ratio Less Than 1 [Member] | London Interbank Offered Rate (LIBOR) [Member]	'
Debt Instrument [Line Items]	'
Debt, interest rate spread on variable rate	2.25%
Leverage Ratio Between 1 and 1.5 [Member] | London Interbank Offered Rate (LIBOR) [Member]	'
Debt Instrument [Line Items]	'
Debt, interest rate spread on variable rate	2.50%
Leverage Ratio Between 1.5 and 2 [Member] | London Interbank Offered Rate (LIBOR) [Member]	'
Debt Instrument [Line Items]	'
Debt, interest rate spread on variable rate	2.75%
Leverage Ratio Between 2 and 2.5 [Member] | London Interbank Offered Rate (LIBOR) [Member]	'
Debt Instrument [Line Items]	'
Debt, interest rate spread on variable rate	3.00%
Leverage Ratio Above 2.5 [Member] | London Interbank Offered Rate (LIBOR) [Member]	'
Debt Instrument [Line Items]	'
Debt, interest rate spread on variable rate	3.50%

Investment_in_Savoy_Narrative_

Investment in Savoy (Narrative) (Details) (USD $)	1 Months Ended		1 Months Ended
In Millions, unless otherwise specified	Oct. 31, 2014	Sep. 30, 2014	Oct. 31, 2014	Oct. 01, 2014
	Subsequent Event [Member]	Savoy [Member]	Savoy [Member]	Savoy [Member]
			Subsequent Event [Member]	Subsequent Event [Member]
Equity method investment ownership percentage	'	40.00%	'	40.00%
Cash distributions paid	'	'	$12	'
Cash distributions	$4.90	'	'	'

Investment_in_Savoy_Condensed_

Investment in Savoy (Condensed Balance Sheet - Savoy) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets	$107,135	$39,361
Total assets	610,957	260,413
Total liabilities	428,069	77,079
Total liabilities and stockholders' equity	610,957	260,413
Savoy [Member]	'	'
Current assets	27,247	'
Oil and gas properties, net	28,940	'
Total assets	56,187	'
Total liabilities	10,814	'
Partners' capital	45,373	'
Total liabilities and stockholders' equity	$56,187	'

Investment_in_Savoy_Condensed_1

Investment in Savoy (Condensed Statement of Operations - Savoy) (Details) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Revenue	$66,322		$37,660		$140,549		$116,058
Expenses	-73,531		-31,162		-139,546		-91,383
Net income (loss)	-5,768	[1]	4,830	[1]	826	[1]	18,463	[1]
Savoy [Member]	'		'		'		'
Revenue	'		'		32,135		29,444
Expenses	'		'		-19,423		-19,471
Net income (loss)	'		'		$12,712		$9,973
[1]	There is no material difference between net income (loss) and comprehensive income (loss).

Investment_in_Sunrise_Energy_N

Investment in Sunrise Energy (Narrative) (Details) (Sunrise Energy [Member], USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Sunrise Energy [Member]	'	'
Investment in subsidiaries	$4,764	$4,573
Equity method investment ownership percentage	50.00%	'

Investment_in_Sunrise_Energy_C

Investment in Sunrise Energy (Condensed Balance Sheet - Sunrise) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets	$107,135	$39,361
Total assets	610,957	260,413
Total liabilities	428,069	77,079
Total liabilities and stockholders' equity	610,957	260,413
Sunrise Energy [Member]	'	'
Current assets	3,496	'
Oil and gas properties, net	6,745	'
Total assets	10,241	'
Total liabilities	724	'
Members' capital	9,517	'
Total liabilities and stockholders' equity	$10,241	'

Investment_in_Sunrise_Energy_C1

Investment in Sunrise Energy (Condensed Statement of Operations - Sunrise) (Details) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Revenue	$66,322		$37,660		$140,549		$116,058
Expenses	-73,531		-31,162		-139,546		-91,383
Net income (loss)	-5,768	[1]	4,830	[1]	826	[1]	18,463	[1]
Sunrise Energy [Member]	'		'		'		'
Revenue	'		'		2,328		2,551
Expenses	'		'		-1,945		-1,513
Net income (loss)	'		'		$383		$1,038
[1]	There is no material difference between net income (loss) and comprehensive income (loss).

Other_LongTerm_Assets_and_Othe2

Other Long-Term Assets and Other Income (Schedule of Other Long-Term Assets) (Details) (USD $)	Sep. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Long-term assets:	'		'
Advance coal royalties	$5,462		$4,693
Deferred financing costs, net	6,855		1,195
Marketable equity securities available for sale, at fair value (restricted)*	2,374	[1]	3,889	[1]
Ohio River Terminal (see Note 7)	2,698		2,836
Other	4,988		4,792
Long-term assets	$22,377		$17,405
[1]	Held by Sunrise Indemnity, Inc., our wholly-owned captive insurance company.

Other_LongTerm_Assets_and_Othe3

Other Long-Term Assets and Other Income (Schedule of Other Income) (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Other income:	'	'
MSHA reimbursements*	'	$2,053	[1]
Coal storage fees	83	964
Miscellaneous	634	598
Other income	$717	$3,615
[1]	See bMSHA Reimbursementsb on page 20.

Self_Insurance_Details

Self Insurance (Details) (USD $)	Sep. 30, 2014	Aug. 31, 2010
In Millions, unless otherwise specified	mi
	site
Self Insurance [Abstract]	'	'
Number of mining units with self-insured equipment	13	'
Area of self-insured mining units	23	'
Mining equipment at historical cost	'	$245

Ohio_River_Terminal_Details

Ohio River Terminal (Details) (Ohio River Terminal [Member], USD $)	Sep. 30, 2014	31-May-13
In Millions, unless otherwise specified	mi
	acre
Ohio River Terminal [Member]	'	'
Terminal purchased	'	$2.80
Secured area available	17	'
Ohio River terminal mile point location	743.8	'

Net_Income_Loss_per_Share_Deta

Net Income (Loss) per Share (Details) (USD $)	3 Months Ended				9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Net Income (Loss) per Share [Abstract]	'		'		'		'
Net income (loss)	($5,768)	[1]	$4,830	[1]	$826	[1]	$18,463	[1]
Less: earnings allocated to RSUs	'		'		-23		'
Net income (loss) available to common shareholders	($5,768)		'		$803		'
Average number of common shares outstanding	28,772		28,607		28,766		28,580
Potential dilutive shares	538		'		342		'
Average number of diluted shares outstanding	29,310		28,838		29,108		28,851
Basic	($0.20)		$0.17		$0.03		$0.65
Diluted	($0.20)		$0.17		$0.03		$0.64
[1]	There is no material difference between net income (loss) and comprehensive income (loss).

Liability_Extinguishment_Narra

Liability Extinguishment (Narrative) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2013
Liability Extinguishment [Abstract]	'
Liability extinguishment	$4.30

Vectren_Fuels_Acquisition_Narr

Vectren Fuels Acquisition (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended		1 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2014	Aug. 29, 2014
					Vectren Fuels [Member]	Vectren Fuels [Member]	Vectren Fuels [Member]
Business Acquisition [Line Items]	'	'	'	'	'	'	'
Revenues	$66,322,000	$37,660,000	$140,549,000	$116,058,000	$26,600,000	'	'
Income before income taxes	-7,209,000	6,498,000	1,003,000	24,675,000	2,500,000	'	'
Closing expenses	'	'	'	'	'	'	7,900,000
Business acquisition purchase price	'	'	'	'	$320,000,000	($319,762,000)	'

Vectren_Fuels_Acquisition_Sche

Vectren Fuels Acquisition (Schedule of Business Acquisition) (Details) (USD $)	1 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2014
Use of proceeds from new debt facility:	'	'
Cash	'	$350,000
Deferred financing costs	'	-6,884
Vectren Fuels [Member]	'	'
Assets received:	'	'
Accounts receivable	25,109	25,109
Advance royalties	685	685
Prepaid expense	909	909
Land and mineral rights	103,577	103,577
Building and equipment	174,180	174,180
Total assets received	339,120	339,120
Liabilities assumed:	'	'
Accounts payable and accrued liabilities	12,808	12,808
Asset retirement obligations	6,550	6,550
Total liabilities assumed	19,358	19,358
Total consideration paid	319,762	319,762
Use of proceeds from new debt facility:	'	'
Cash	'	1,805
Consideration paid for VFI	-320,000	319,762
Deferred financing costs	'	6,163
Payments on bank debt	'	16,149
Closing expenses	'	6,121
Total	'	350,000
Vectren Fuels [Member] | Coal [Member]	'	'
Assets received:	'	'
Inventory	21,484	21,484
Vectren Fuels [Member] | Replacement Parts [Member]	'	'
Assets received:	'	'
Inventory	$13,176	$13,176

Vectren_Fuels_Acquisition_Sche1

Vectren Fuels Acquisition (Schedule of Business Acquisition Pro Forma Information) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues [Abstract]	'	'	'	'
As reported	$64,764	$34,985	$133,910	$103,129
Net income applicable to common shareholders	'	'	'	'
As reported	-5,768	'	803	'
Net Income (Loss) per Share [Abstract]	'	'	'	'
As reported	($0.20)	$0.17	$0.03	$0.65
Vectren Fuels [Member]	'	'	'	'
Revenues [Abstract]	'	'	'	'
As reported	'	'	140,549	116,058
Pro forma	'	'	361,464	335,625
Net income applicable to common shareholders	'	'	'	'
As reported	'	'	826	18,463
Pro forma	'	'	$33,843	$34,877
Net Income (Loss) per Share [Abstract]	'	'	'	'
As reported	'	'	$0.03	$0.65
Pro forma	'	'	$1.18	$1.22