The damage and fracture of coal is accompanied by a complex energy conversion process, and these different stages of energy evolution are closely related to coal failure. In this paper, an evolution model describing the behavior of coal failure was proposed using the energy dissipation under cyclic loading/unloading. The energy growth pattern and energy consumption characteristics of the coal fracture were analyzed under cyclic loading/unloading. An evolution model of the energy behavior of coal fracture was established. The damage variables of energy dissipation were defined, and a theoretical model was established. The parameters included the relationship between the energy state, damage state, and strength state according to the uniaxial cyclic loading/unloading test. The results show that there are energy excitation and inhibition effects in the process of coal fracture; that is, the accumulation rate and level of energy are affected by the energy storage state, and the energy storage rate changes in the mode of “low promotion and high inhibition”. The abrupt increase in dissipated energy can be regarded as the precursor of coal fracture. Based on the analysis of the characteristics of the damage and failure state and dissipated energy, the discriminant equation for the stability of the coal energy state was constructed; it is a meaningful discovery for predicting and evaluating coal failure.