Quarterly Coal Report—Fourth Quarter 2025

The Quarterly Coal Report provides detailed quarterly data on U.S. coal production, exports, imports, receipts, prices, consumption, quality, and stocks. The report also provides data on U.S. coke production, consumption, stocks, imports, and exports. All data for 2024 and previous years are final. All data for 2025 are preliminary.

• U.S. coal exports for the fourth quarter of 2025 (23.5 million short tons [MMst]) increased 5% from the third quarter of 2025. The average price of U.S. coal exports during the fourth quarter of 2025 was $106.85 per short ton.
• The United States continued to import coal primarily from Colombia (68.2%) and Canada (25.6%). Imports from Australia were recorded for the first time since 2017. U.S. coal imports in the third quarter of 2025 totaled 0.7 MMst. The average price of U.S. coal imports during the third quarter of 2025 was $144.88 per short ton.
• The United States continued to import coal primarily from Colombia (78.1%) and Canada (16.5%). No imports from Australia or Indonesia were recorded for the fourth quarter of 2024. U.S. coal imports in the fourth quarter of 2025 totaled 0.9 MMst. The average price of U.S. coal imports during the fourth quarter of 2025 was $126.27 per short ton.
• Steam coal exports totaled 10.2 MMst (4.5% higher than the third quarter of 2025). Metallurgical coal exports totaled 13.3 MMst (5.4% higher than the third quarter of 2025).
• U.S. coal consumption totaled 108.2 MMst in the fourth quarter of 2025, which was 14.8% lower than the 127 MMst reported in the third quarter of 2025 and 9.3% higher than the 99 MMst reported in the fourth quarter of 2024. The electric power sector accounted for about 91.7% of the total U.S. coal consumption in the fourth quarter of 2025.
• In the third quarter of 2025, coal stocks dropped to 132.1 MMst from 144.8 MMst at the end of the second quarter of 2025, down 8.8%. Stocks in the electric power sector decreased to 105.4 MMst from 116.4 MMst at the end of the second quarter of 2025.
• In the fourth quarter of 2025, coal stocks grew to 136.2 MMst from 132.1 MMst at the end of the third quarter of 2025, up 3.1%. Stocks in the electric power sector increased to 109.5 MMst from 105.4 MMst at the end of the third quarter of 2025.