Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Mar. 31, 2015 | Apr. 17, 2015 | |
Document Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | FALSE | |
Document Period End Date | 31-Mar-15 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q1 | |
Entity Registrant Name | CONSOL Energy Inc | |
Entity Central Index Key | 1070412 | |
Current Fiscal Year End Date | -19 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 228,822,133 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Income Statement [Abstract] | ||
Natural Gas, NGLs and Oil Sales | $254,580 | $266,298 |
Unrealized Gain (Loss) on Derivatives | 60,004 | 0 |
Coal Sales | 496,666 | 534,681 |
Other Revenue, Net | 13,130 | 69,287 |
Gas Royalty Interests and Purchased Gas Sales | 18,456 | 30,219 |
Freight-Outside | 6,525 | 9,945 |
Other Income (including equity earnings) | 38,066 | 55,054 |
Gain (Loss) on Disposition of Assets | 2,165 | 3,669 |
Total Revenue and Other Income | 889,592 | 969,153 |
Oil and Gas Property, Lease Operating Expense | 31,612 | 29,243 |
Gas Gathering, Transportation, Marketing and Processing Costs | 78,744 | 53,782 |
Production Tax Expense | 9,192 | 10,187 |
E&P Direct Administration and Selling | 14,667 | 11,653 |
E&P Depreciation, Depletion, and Amortization | 85,104 | 71,729 |
Exploration and Production Costs | 2,040 | 3,099 |
Production Royalty Interests and Purchased Gas Costs | 16,127 | 26,096 |
Other Expenses | 19,096 | 26,164 |
Results of Operations, General and Administrative Related to Oil and Gas Producing Activities | 15,142 | 17,364 |
Oil and Gas Production Expense | 271,724 | 249,317 |
Operating Expenses | 311,583 | 333,810 |
Taxes, Miscellaneous | 22,317 | 26,488 |
Direct Administration, Selling and Other Costs | 8,983 | 11,542 |
Coal Depreciation, Depletion, Amortization | 65,483 | 56,866 |
Freight Expense | 6,525 | 9,945 |
General and Administrative Expense | 7,408 | 12,709 |
Other Cost and Expense, Operating | 8,895 | 19,295 |
Cost of Coal Products and Services | 431,194 | 470,655 |
Other Nonoperating Expense | 10,384 | 67,340 |
Other General and Administrative Expense | 0 | 210 |
Depreciation, Depletion and Amortization, Nonproduction | 7 | 521 |
Gains (Losses) on Extinguishment of Debt | 67,734 | 0 |
Interest Expense | 55,122 | 50,931 |
Other General Expense | 133,247 | 119,002 |
Total Costs | 836,165 | 838,974 |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 53,427 | 130,179 |
Income Tax Expense (Benefit) | -25,603 | 8,489 |
Income (Loss) from Continuing Operations Attributable to Parent | 79,030 | 121,690 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | -5,687 |
Net Income (Loss) | $79,030 | $116,003 |
Consolidated_Statements_of_Inc1
Consolidated Statements of Income Earnings Per Share (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Earnings Per Share [Abstract] | ||
Income (Loss) from Continuing Operations, Per Basic Share | $0.34 | $0.53 |
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share | $0 | ($0.02) |
Earnings Per Share, Basic | $0.34 | $0.51 |
Income (Loss) from Continuing Operations, Per Diluted Share | $0.34 | $0.53 |
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share | $0 | ($0.03) |
Earnings Per Share, Diluted | $0.34 | $0.50 |
Common Stock, Dividends, Per Share, Cash Paid | $0.06 | $0.06 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2015 |
Net Income (Loss) | $79,030 | $116,003 | |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract] | |||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | -149 | 5,119 | |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 0 | -46,965 | |
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | -19,314 | 16,313 | 58,737 |
Other Comprehensive Income (Loss), Net of Tax | -19,463 | -25,533 | |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $59,567 | $90,470 |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (Parentheticals) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Other Comprehensive Income (Loss), Tax | $11,213 | ($10,951) |
Adjustment For Actuarially Determined Liabilities [Member] | ||
Other Comprehensive Income (Loss), Tax | 90 | -2,985 |
Cash Flow Hedging [Member] | ||
Other Comprehensive Income (Loss), Tax | $0 | $30,856 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Current Assets: | ||
Cash and Cash Equivalents | $5,318 | $176,989 |
Accounts and Notes Receivable: | ||
Trade | 226,991 | 259,817 |
Other Receivables | 263,490 | 347,146 |
Accounts Receivable - Securitized | 32,669 | 0 |
Inventories | 105,244 | 101,873 |
Deferred Income Taxes | 74,725 | 66,569 |
Recoverable Income Taxes | 20,566 | 20,401 |
Prepaid Expenses | 203,711 | 193,555 |
Total Current Assets | 932,714 | 1,166,350 |
Property, Plant and Equipment: | ||
Property, Plant and Equipment | 15,014,326 | 14,674,777 |
Less-Accumulated Depreciation, Depletion and Amortization | 4,647,745 | 4,512,305 |
Total Property, Plant and Equipment-Net | 10,366,581 | 10,162,472 |
Other Assets: | ||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 192,273 | 152,958 |
Other | 289,828 | 277,750 |
Total Other Assets | 482,101 | 430,708 |
Total Assets | 11,781,396 | 11,759,530 |
Current Liabilities: | ||
Accounts Payable | 532,388 | 531,973 |
Current Portion of Long-Term Debt | 13,242 | 13,016 |
Notes and Loans Payable, Current | 760,500 | 0 |
Borrowings Under Securitization Facility | 32,669 | 0 |
Other Accrued Liabilities | 569,185 | 602,972 |
Total Current Liabilities | 1,907,984 | 1,147,961 |
Long-Term Debt: | ||
Long-Term Debt | 2,561,681 | 3,236,422 |
Capital Lease Obligations | 38,854 | 39,456 |
Total Long-Term Debt | 2,600,535 | 3,275,878 |
Deferred Credits and Other Liabilities | ||
Deferred Tax Liabilities, Net, Noncurrent | 304,303 | 325,592 |
Postretirement Benefits Other Than Pensions | 696,327 | 703,680 |
Pneumoconiosis Benefits | 117,608 | 116,941 |
Mine Closing | 305,906 | 306,789 |
Gas Well Closing | 178,680 | 175,369 |
Workers' Compensation | 74,725 | 75,947 |
Salary Retirement | 107,637 | 109,956 |
Reclamation | 33,394 | 33,788 |
Other | 156,570 | 158,171 |
Total Deferred Credits and Other Liabilities | 1,975,150 | 2,006,233 |
TOTAL LIABILITIES | 6,483,669 | 6,430,072 |
Stockholders' Equity: | ||
Common Stock, $.01 Par Value; 500,000,000 Shares Authorized, 228,680,338 Issued and Outstanding at March 31, 2015; 230,265,463 Issued and Outstanding at December 31, 2014 | 2,291 | 2,306 |
Capital in Excess of Par Value | 2,412,587 | 2,424,102 |
Preferred Stock, 15,000,000 shares authorized, None issued and outstanding | 0 | 0 |
Retained Earnings | 3,053,412 | 3,054,150 |
Accumulated Other Comprehensive Loss | -170,563 | -151,100 |
Stockholders' Equity Attributable to Parent | 5,297,727 | 5,329,458 |
TOTAL LIABILITIES AND EQUITY | $11,781,396 | $11,759,530 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
Common Stock [Member] | ||
Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 |
Common Stock, Shares Authorized | 500,000,000 | 500,000,000 |
Common Stock, Shares, Issued | 228,680,338 | 230,265,463 |
Common Stock, Shares, Outstanding | 228,680,338 | 230,265,463 |
Treasury Stock, Shares | 0 | 0 |
Preferred Stock [Member] | ||
Preferred Stock, Shares Authorized | 15,000,000 | 15,000,000 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity (USD $) | Total | Common Stock [Member] | Capital in Excess of Par Value [Member] | Retained Earnings (Deficit) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total CONSOL Energy Inc. Stockholders' Equity [Member] |
In Thousands, unless otherwise specified | ||||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2014 | $2,306 | $2,424,102 | $3,054,150 | ($151,100) | $5,329,458 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 0 | 0 | 0 | |||
Net Income (Loss) | 79,030 | 79,030 | 79,030 | |||
Other Comprehensive Income (Loss), Net of Tax | -19,463 | 0 | 0 | 0 | -19,463 | -19,463 |
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | 0 | 0 | 79,030 | -19,463 | 59,567 | |
Proceeds from Issuance of Common Stock | 1,736 | 7 | 1,729 | 0 | 0 | 1,736 |
Stock Repurchased and Retired During Period, Shares | -22 | -17,683 | -53,969 | 0 | -71,674 | |
Stock Issued During Period, Value, Treasury Stock Reissued | 0 | 0 | 0 | |||
Treasury Stock, Value, Acquired, Cost Method | -71,674 | -11,399 | -11,399 | |||
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation | 0 | -3,042 | 0 | 0 | -3,042 | |
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition | 0 | 7,481 | 0 | 0 | 7,481 | |
Dividends, Cash | 0 | 0 | -14,400 | 0 | -14,400 | |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Mar. 31, 2015 | $2,291 | $2,412,587 | $3,053,412 | ($170,563) | $5,297,727 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Net Income (Loss) | $79,030 | $116,003 |
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities: | ||
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | 5,687 |
Depreciation, Depletion and Amortization | 150,594 | 129,116 |
Stock-Based Compensation | 7,481 | 15,892 |
(Gain) Loss on Sale of Assets | -2,165 | -3,669 |
Gains (Losses) on Extinguishment of Debt | 67,734 | 0 |
Unrealized Gain (Loss) on Derivatives | -60,004 | 0 |
Deferred Income Taxes | -21,200 | 8,149 |
Equity in Earnings of Affiliates | -11,323 | -7,450 |
Changes in Operating Assets: | ||
Accounts and Notes Receivable | 26,523 | -22,231 |
Inventories | -3,371 | 1,729 |
Prepaid Expenses | 38,476 | 15,493 |
Changes in Other Assets | 6,966 | 354 |
Changes in Operating Liabilities: | ||
Accounts Payable | -17,720 | 16,595 |
Increase (Decrease) in Interest Payable, Net | 42,719 | 51,233 |
Other Operating Liabilities | -68,711 | 18,260 |
Changes in Other Liabilities | -10,305 | 3,655 |
Other | 3,646 | 1,125 |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | 228,370 | 349,941 |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | 0 | -13,839 |
Net Cash Provided by Operating Activities | 228,370 | 336,102 |
Investing Activities: | ||
Capital Expenditures | -294,019 | -451,009 |
Proceeds from Sale of Productive Assets | 2,108 | 125,528 |
Net Investment in Equity Affiliates | -27,992 | -10,000 |
Net Cash Used in Investing Activities | -319,903 | -335,481 |
Financing Activities: | ||
(Payments on) Proceeds from Short-Term Borrowings | 760,500 | 0 |
Payments on Miscellaneous Borrowings | -2,478 | -4,670 |
Payments on Long Term Notes, including Redemption Premium | -1,261,009 | 0 |
Payments on Securitzation Facility | 32,669 | 0 |
Proceeds from Issuance of Long-Term Notes | 492,760 | 0 |
Tax Benefit from Stock-Based Compensation | 15 | 92 |
Dividends Paid | -14,400 | -14,351 |
Proceeds from Issuance of Common Stock | 1,736 | 4,976 |
Issuance of Treasury Stock | 0 | -1 |
Treasury Stock, Value, Acquired, Cost Method | -71,674 | 0 |
Debt Issuance and Financing Fees | -18,257 | 0 |
Net Cash (Used in) Provided by Financing Activities | -80,138 | -13,954 |
Net Increase in Cash and Cash Equivalents | -171,671 | -13,333 |
Cash and Cash Equivalents at Beginning of Period | 176,989 | 327,420 |
Cash and Cash Equivalents at End of Period | $5,318 | $314,087 |
Basis_of_Presentation
Basis of Presentation | 3 Months Ended | |||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||
BASIS OF PRESENTATION: [Abstract] | ||||||||||||||||||
Basis of Presentation | BASIS OF PRESENTATION: | |||||||||||||||||
The accompanying Unaudited Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2015 are not necessarily indicative of the results that may be expected for future periods. | ||||||||||||||||||
The balance sheet at December 31, 2014 has been derived from the Audited Consolidated Financial Statements at that date but does not include all the notes required by generally accepted accounting principles for complete financial statements. For further information, refer to the Consolidated Financial Statements and related notes for the year ended December 31, 2014 included in CONSOL Energy Inc.'s Form 10-K. | ||||||||||||||||||
Certain amounts in prior periods have been reclassified to conform with the report classifications of the year ended December 31, 2014, with no effect on previously reported net income or stockholders' equity. | ||||||||||||||||||
Basic earnings per share are computed by dividing net income by the weighted average shares outstanding during the reporting period. Dilutive earnings per share are computed similarly to basic earnings per share except that the weighted average shares outstanding are increased to include additional shares from stock options, performance stock options, CONSOL Energy stock units, and restricted stock units and performance share units, if dilutive. The number of additional shares is calculated by assuming that outstanding stock options and performance share options were exercised, that outstanding restricted stock units, performance share units, and CONSOL Energy stock units were released, and that the proceeds from such activities were used to acquire shares of common stock at the average market price during the reporting period. CONSOL Energy Inc. (CONSOL Energy or the Company) includes the impact of pro forma deferred tax assets in determining potential windfalls and shortfalls for purposes of calculating assumed proceeds under the treasury stock method. The table below sets forth the share-based awards that have been excluded from the computation of the diluted earnings per share because their effect would be anti-dilutive: | ||||||||||||||||||
Three Months Ended March 31, | ||||||||||||||||||
2015 | 2014 | |||||||||||||||||
Anti-Dilutive Options | 1,834,432 | 359,488 | ||||||||||||||||
Anti-Dilutive Restricted Stock Units | 85,018 | — | ||||||||||||||||
Anti-Dilutive Performance Stock Options | 802,804 | — | ||||||||||||||||
2,722,254 | 359,488 | |||||||||||||||||
The table below sets forth the share-based awards that have been exercised or released: | ||||||||||||||||||
Three Months Ended March 31, | ||||||||||||||||||
2015 | 2014 | |||||||||||||||||
Options | 76,028 | 265,339 | ||||||||||||||||
Restricted Stock Units | 449,005 | 334,399 | ||||||||||||||||
Performance Share Units | 497,134 | 378,971 | ||||||||||||||||
1,022,167 | 978,709 | |||||||||||||||||
The weighted average exercise price per share of the options exercised during the three months ended March 31, 2015 and 2014 was $22.75 and $18.74, respectively. | ||||||||||||||||||
The computations for basic and dilutive earnings per share are as follows: | ||||||||||||||||||
Three Months Ended March 31, | ||||||||||||||||||
2015 | 2014 | |||||||||||||||||
Income from Continuing Operations | $ | 79,030 | $ | 121,690 | ||||||||||||||
Loss from Discontinued Operations | — | (5,687 | ) | |||||||||||||||
Net Income | $ | 79,030 | $ | 116,003 | ||||||||||||||
Weighted Average Shares of Common Stock Outstanding: | ||||||||||||||||||
Basic | 229,734,412 | 229,526,033 | ||||||||||||||||
Effect of Stock-Based Compensation Awards | 712,287 | 1,341,493 | ||||||||||||||||
Dilutive | 230,446,699 | 230,867,526 | ||||||||||||||||
Earnings per Share: | ||||||||||||||||||
Basic (Continuing Operations) | $ | 0.34 | $ | 0.53 | ||||||||||||||
Basic (Discontinued Operations) | — | (0.02 | ) | |||||||||||||||
Total Basic | $ | 0.34 | $ | 0.51 | ||||||||||||||
Dilutive (Continuing Operations) | $ | 0.34 | $ | 0.53 | ||||||||||||||
Dilutive (Discontinued Operations) | — | (0.03 | ) | |||||||||||||||
Total Dilutive | $ | 0.34 | $ | 0.5 | ||||||||||||||
Changes in Accumulated Other Comprehensive Loss by component, net of tax, were as follows: | ||||||||||||||||||
Gains and Losses on Cash Flow Hedges | Postretirement Benefits | Total | ||||||||||||||||
Balance at December 31, 2014 | $ | 121,521 | $ | (272,621 | ) | $ | (151,100 | ) | ||||||||||
Amounts Reclassified from Accumulated Other Comprehensive Income | (19,314 | ) | (149 | ) | (19,463 | ) | ||||||||||||
Balance at March 31, 2015 | $ | 102,207 | $ | (272,770 | ) | $ | (170,563 | ) | ||||||||||
The following table shows the reclassification of adjustments out of Accumulated Other Comprehensive Loss: | ||||||||||||||||||
Three Months Ended March 31, | ||||||||||||||||||
2015 | 2014 | |||||||||||||||||
Derivative Instruments (Note 13) | ||||||||||||||||||
Natural Gas Price Swaps and Options | $ | (30,527 | ) | $ | 27,264 | |||||||||||||
Tax Expense (Benefit) | 11,213 | (10,951 | ) | |||||||||||||||
Net of Tax | $ | (19,314 | ) | $ | 16,313 | |||||||||||||
Actuarially Determined Long-Term Liability Adjustments (Note 4 and Note 5) | ||||||||||||||||||
Amortization of Prior Service Costs | $ | (14,812 | ) | $ | (2,542 | ) | ||||||||||||
Recognized Net Actuarial Loss | 14,573 | 10,646 | ||||||||||||||||
Total | (239 | ) | 8,104 | |||||||||||||||
Tax Expense (Benefit) | 90 | (2,985 | ) | |||||||||||||||
Net of Tax | $ | (149 | ) | $ | 5,119 | |||||||||||||
Acquisitions_and_Dispositions
Acquisitions and Dispositions | 3 Months Ended |
Mar. 31, 2015 | |
ACQUISITIONS AND DISPOSITIONS: [Abstract] | |
Acquisitions and Dispositions: | ACQUISITIONS AND DISPOSITIONS: |
On December 29, 2014, CNX Gas Company LLC (CNX Gas Company), a wholly-owned subsidiary of CONSOL Energy, finalized an agreement with Columbia Energy Ventures (CEVCO) to sublease approximately 20,000 acres of Utica Shale and Upper Devonian gas rights in Greene and Washington Counties in Pennsylvania and Marshall and Ohio Counties in West Virginia. Up-front bonus consideration of up to $96,106 will be paid by CONSOL Energy over the next five years as drilling occurs in addition to royalties, of which $49,533 was recorded in Other Current Liabilities and $40,286 was recorded on a discounted basis in Other Long-term Liabilities. In the three months ended March 31, 2015, CONSOL Energy made payments to CEVCO totaling $15,216 which decreased the amount recorded in Other Current Liabilities to $34,317. As of March 31, 2015, the long-term portion of the liability remains unchanged at $40,286. | |
On December 12, 2014, CONSOL Energy completed the sale of its industrial supplies subsidiary, to an unrelated third party for net proceeds of approximately $51,000 of which $44,035 was received and included in cash flows from investing activities during the year ended December 31, 2014. In connection with the sale, CONSOL Energy signed a supply agreement under which, among other things, it will continue to purchase certain goods exclusively from the new entity for a period of at least three years. CONSOL Energy could also receive up to an additional $6,000 of cash consideration in the future, which has not been recognized in the consolidated financial statements as it is subject to future events. CONSOL Energy recorded a net loss on the sale of $30,845, which was included in Gain on Sale of Assets in the Consolidated Statement of Income. | |
In March 2014, CONSOL Energy completed a sale-leaseback of longwall shields for the Harvey Mine. Cash proceeds for the sale offset the basis of $75,357; therefore, no gain or loss was recognized on the sale. The five-year lease has been accounted for as an operating lease. | |
In December 2013, CONSOL Energy acquired the gas drilling rights to approximately 90,000 contiguous acres from Dominion Transmission, a unit of Dominion Resources Inc. The acreage, which is associated with Dominion’s Fink-Kennedy, Lost Creek, and Racket Newberne gas storage fields in West Virginia, lies in the northern portion of Lewis County and the southern portion of Harrison County. CONSOL Energy anticipates that over one-half of the acres will have wet gas. CONSOL Energy has acquired the gas rights to both the Marcellus Shale and the Upper Devonian formations in the storage fields. Consideration of up to $190,000 will be paid by CONSOL Energy in two installments: 50% was paid at closing and the remaining balance is due over time as the acres are drilled. In addition, CONSOL Energy will pay an overriding royalty to Dominion Resources based on a sliding scale. Finally, CONSOL Energy has committed to be an anchor shipper on Dominion’s transmission system, with the specific terms to be negotiated at a future date. CONSOL Energy paid $91,243 in 2013 related to this transaction. In the first quarter of 2014, CONSOL Energy made an additional bonus payment of $12,000 to Dominion Transmission. Noble Energy Inc., our joint venture partner, acquired 50% of the acres and reimbursed CONSOL Energy for 50% of the associated costs also in the first quarter of 2014. | |
In December 2013, CONSOL Energy completed the sale of its Consolidation Coal Company (CCC) subsidiary, which included all five of its longwall coal mines in West Virginia, to a subsidiary of Murray Energy Corporation (Murray Energy). CONSOL Energy retained an overriding royalty interests in certain reserves sold in the transaction. Murray Energy also assumed $2,050,656 of CONSOL Energy's employee benefit obligations valued as of December 5, 2013 and its UMWA 1974 Pension Trust obligations. Murray Energy is primarily liable for all 1993 Coal Act liabilities. Cash proceeds of $825,285 were received related to this transaction, which were net of $24,715 in transaction fees. A pre-tax gain of $1,035,346 was included in Income from Discontinued Operations on the Consolidated Statement of Income. In the first quarter of 2014, there was a pre-tax reduction in gain on sale of $7,044 related to the estimated working capital adjustment and various other miscellaneous items. |
Pension_and_OPEB_Periodic_Cost
Pension and OPEB - Periodic Cost | 3 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS NET PERIODIC BENEFIT COSTS: [Abstract] | ||||||||||||||||
Components of Pension and Other Postretirement Benefit Plans: | COMPONENTS OF PENSION AND OTHER POST-EMPLOYMENT BENEFIT (OPEB) PLANS NET PERIODIC BENEFIT COSTS: | |||||||||||||||
Components of net periodic benefit costs for the three months ended March 31, 2015 and 2014 are as follows: | ||||||||||||||||
Pension Benefits | Other Post-Employment Benefits | |||||||||||||||
Three Months Ended | Three Months Ended | |||||||||||||||
March 31, | March 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Service cost | $ | 2,350 | $ | 4,308 | $ | — | $ | 2,331 | ||||||||
Interest cost | 8,580 | 9,151 | 6,995 | 12,097 | ||||||||||||
Expected return on plan assets | (12,689 | ) | (12,747 | ) | — | — | ||||||||||
Amortization of prior service credits | (176 | ) | (346 | ) | (14,636 | ) | (2,196 | ) | ||||||||
Recognized net actuarial loss | 6,939 | 5,891 | 8,926 | 6,369 | ||||||||||||
Net periodic benefit cost | $ | 5,004 | $ | 6,257 | $ | 1,285 | $ | 18,601 | ||||||||
For the three months ended March 31, 2015, $2,215 was paid to the pension trust from operating cash flows. Additional contributions to the pension trust are not expected to be significant for the remainder of 2015. | ||||||||||||||||
CONSOL Energy does not expect to contribute to the other post-employment benefit plan in 2015. The Company intends to pay benefit claims as they become due. For the three months ended March 31, 2015, $14,333 of other post-employment benefits have been paid. |
CWP_and_Workers_Comp_Net_Perio
CWP and Workers Comp - Net Periodic Costs | 3 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
CWP And Workers Comp Net Periodic Cost [Abstract] | ||||||||||||||||
Coal Workers' Pneumoconiosis (CWP) and Workers' Compensation: | COMPONENTS OF COAL WORKERS’ PNEUMOCONIOSIS (CWP) AND WORKERS’ COMPENSATION NET PERIODIC BENEFIT COSTS: | |||||||||||||||
Components of net periodic benefit costs for the three months ended March 31, 2015 and 2014 are as follows: | ||||||||||||||||
CWP | Workers' Compensation | |||||||||||||||
Three Months Ended | Three Months Ended | |||||||||||||||
March 31, | March 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Service cost | $ | 1,623 | $ | 1,419 | $ | 2,347 | $ | 2,445 | ||||||||
Interest cost | 1,279 | 1,384 | 799 | 894 | ||||||||||||
Amortization of actuarial gain | (1,394 | ) | (1,549 | ) | (8 | ) | (95 | ) | ||||||||
State administrative fees and insurance bond premiums | — | — | 903 | 1,111 | ||||||||||||
Net periodic benefit cost | $ | 1,508 | $ | 1,254 | $ | 4,041 | $ | 4,355 | ||||||||
CONSOL Energy does not expect to contribute to the CWP plan in 2015. The Company intends to pay benefit claims as they become due. For the three months ended March 31, 2015, $2,653 of CWP benefit claims have been paid. | ||||||||||||||||
CONSOL Energy does not expect to contribute to the workers’ compensation plan in 2015. The Company intends to pay benefit claims as they become due. For the three months ended March 31, 2015, $5,306 of workers’ compensation benefits, state administrative fees and surety bond premiums have been paid. |
Income_Taxes
Income Taxes | 3 Months Ended |
Mar. 31, 2015 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | INCOME TAXES: |
The effective tax rate for the three months ended March 31, 2015 and 2014 was (47.9)% and 6.5%, respectively. | |
The effective rate for the three months ended March 31, 2015 differs from the U.S. federal statutory rate of 35% primarily due to a $59,285 income tax benefit for excess percentage depletion. | |
The effective rate for the three months ended March 31, 2014 differs from the U.S. federal statutory rate of 35% primarily due to a $27,422 income tax benefit for excess percentage depletion, an $8,820 discrete income tax benefit related to the completion of the Internal Revenue Service audit of tax years 2008 and 2009, and a $7,766 discrete income tax benefit as a result of changes in estimates of excess percentage depletion and Domestic Production Activities Deduction related to the prior-year tax provision. | |
There were no uncertain tax positions at March 31, 2015. The total amount of uncertain tax positions at March 31, 2014 were $2,540. If these uncertain tax positions were recognized, approximately $1,651, would have an affect on CONSOL Energy’s effective tax rate. There were no additions to the liability for unrecognized tax benefits during the three months ended March 31, 2015 and 2014. | |
CONSOL Energy recognizes interest accrued related to uncertain tax positions in its interest expense. There was no accrued interest on uncertain tax positions as of March 31, 2015. As of March 31, 2014, the Company reported an accrued interest liability relating to uncertain tax positions of $1,351. The accrued interest liability included $4,849 of interest income that is reflected in the Company’s Consolidated Statements of Income for the three months ended March 31, 2014. | |
CONSOL Energy recognizes penalties accrued related to uncertain tax positions in its income tax expense. As of March 31, 2015 and 2014, CONSOL Energy had no accrued liability for tax penalties. | |
CONSOL Energy and its subsidiaries file federal income tax returns with the United States and returns within various states and Canadian jurisdictions. With few exceptions, the Company is no longer subject to United States federal, state, local, or non-U.S. income tax examinations by tax authorities for the years before 2010. The Company expects the Internal Revenue Service to begin its audit of tax years 2010 through 2013 in the second quarter of 2015. |
Inventories
Inventories | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Inventory Disclosure [Abstract] | ||||||||
Inventories | INVENTORIES: | |||||||
Inventory components consist of the following: | ||||||||
March 31, | December 31, | |||||||
2015 | 2014 | |||||||
Coal | $ | 22,596 | $ | 19,242 | ||||
Supplies | 82,648 | 82,631 | ||||||
Total Inventories | $ | 105,244 | $ | 101,873 | ||||
Inventories are stated at the lower of cost or market. The cost of coal inventories is determined by the first-in, first-out (FIFO) method. Coal inventory costs include labor, supplies, equipment costs, operating overhead, depreciation, depletion and amortization, and other related costs. |
Accounts_Receivable_Securitiza
Accounts Receivable Securitization | 3 Months Ended |
Mar. 31, 2015 | |
ACCOUNTS RECEIVABLE SECURITIZATION: [Abstract] | |
Accounts Receivable Securitization | ACCOUNTS RECEIVABLE SECURITIZATION: |
CONSOL Energy and certain of its U.S. subsidiaries are party to a trade accounts receivable facility with financial institutions for the sale on a continuous basis of eligible trade accounts receivable. On March 27, 2015, this facility was amended to allow the Company to receive, on a revolving basis, up to $100,000 of short-term funding and letters of credit. The receivables facility expires in July 2015. CONSOL Energy may also issue letters of credit against the facility, which decreases the amount available to be drawn upon. | |
CNX Funding Corporation, a wholly owned, special purpose, bankruptcy-remote subsidiary, buys and sells eligible trade receivables generated by certain subsidiaries of CONSOL Energy. Under the receivables facility, CONSOL Energy and certain subsidiaries, irrevocably and without recourse, sell all of their eligible trade accounts receivable to CNX Funding Corporation, who in turn sells these receivables to financial institutions and their affiliates, while maintaining a subordinated interest in a portion of the pool of trade receivables. This retained interest, which is included in Accounts and Notes Receivable-Trade in the Consolidated Balance Sheets, is recorded at fair value. Due to a short average collection cycle for such receivables, CONSOL Energy's collection experience history and the composition of the designated pool of trade accounts receivable that are part of this program, the fair value of its retained interest approximates the total amount of the designated pool of accounts receivable. CONSOL Energy will continue to service the sold trade receivables for the financial institutions for a fee based upon market rates for similar services. | |
CONSOL Energy records transactions under the securitization facility as secured borrowings on the Consolidated Balance Sheets. The pledge of collateral is reported as Accounts Receivable - Securitized and the borrowings are classified as debt in Borrowings under Securitization Facility. | |
At March 31, 2015 and December 31, 2014, eligible accounts receivable totaled $77,500 and $77,800, respectively. After taking into account outstanding letters of credit of $49,431 and $60,230, and outstanding borrowings there remained no subordinated retained interest at March 31, 2015 and $17,570 in subordinated retained interest at December 31, 2014. CONSOL Energy's management believes that the letters of credit will expire without being funded, and therefore, the commitments will not have a material adverse effect on the Company's financial condition. No amounts related to these financial guarantees and letters of credit are recorded as liabilities on the financial statements. | |
Borrowings totaled $32,669 at March 31, 2015; there were no borrowings at December 31, 2014. These changes are reflected in the Net Cash Used in Financing Activities section of the Consolidated Statement of Cash Flows. |
Property_Plant_and_Equipment
Property, Plant and Equipment | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Property, Plant and Equipment [Abstract] | ||||||||
Property, Plant and Equipment | PROPERTY, PLANT AND EQUIPMENT: | |||||||
March 31, | December 31, | |||||||
2015 | 2014 | |||||||
Coal and other plant and equipment | $ | 3,747,817 | $ | 3,726,514 | ||||
Intangible drilling cost | 3,057,859 | 2,798,394 | ||||||
Proven gas properties | 1,766,692 | 1,768,007 | ||||||
Unproven gas properties | 1,554,505 | 1,540,835 | ||||||
Coal properties and surface lands | 1,364,481 | 1,358,306 | ||||||
Gas gathering equipment | 1,101,113 | 1,088,238 | ||||||
Gas wells and related equipment | 754,918 | 716,748 | ||||||
Airshafts | 467,455 | 468,924 | ||||||
Mine development | 412,130 | 414,501 | ||||||
Coal advance mining royalties | 389,175 | 386,245 | ||||||
Leased coal lands | 253,615 | 263,946 | ||||||
Other gas assets | 124,362 | 123,539 | ||||||
Gas advance royalties | 20,204 | 20,580 | ||||||
Total Property Plant and Equipment | 15,014,326 | 14,674,777 | ||||||
Less: Accumulated DD&A | 4,647,745 | 4,512,305 | ||||||
Total Net PP&E | $ | 10,366,581 | $ | 10,162,472 | ||||
Industry Participation Agreements | ||||||||
CONSOL Energy has two significant industry participation agreements (referred to as "joint ventures" or "JVs") that provided drilling and completion carries for the Company's retained interests. | ||||||||
CNX Gas Company LLC (CNX Gas Company), a wholly owned subsidiary of CONSOL Energy, is party to a joint development agreement with Hess Ohio Developments, LLC (Hess) with respect to approximately 153,000 net Utica Shale acres in Ohio in which each party has a 50% undivided interest. Under the agreement, as amended, Hess is obligated to pay a total of approximately $335,000 in the form of a 50% drilling carry of certain CONSOL Energy working interest obligations as the acreage is developed. As of March 31, 2015, Hess’ remaining carry obligation is $76,401. For the quarters ending March 31, 2015 and March 31, 2014, Hess' carry payments to CNX Gas Company reduced capital expenditures by $18,600 and $15,869, respectively. | ||||||||
CNX Gas Company is party to a joint development agreement with Noble Energy, Inc. (Noble) with respect to approximately 702,000 net Marcellus Shale oil and gas acres in West Virginia and Pennsylvania, in which each party owns a 50% undivided interest. Under the agreement, as amended, Noble Energy is obligated to pay a total of approximately $1,846,000 in the form of a one-third drilling carry of certain of CONSOL Energy’s working interest obligations as the property is developed, subject to certain limitations. These limitations include the suspension of the carry if average Henry Hub natural gas prices are below $4.00 per million British thermal units (MMbtu) for three consecutive months. The carry was in effect from March 1, 2014, and remained in effect until November 1, 2014 when average natural gas prices fell below $4.00/MMbtu for three consecutive months. The carry continues to be suspended. Restrictions also include a $400,000 annual maximum on Noble Energy's carried cost obligation. As of March 31, 2015, Noble Energy’s remaining carry obligation is $1,626,135. For the quarter ending March 31, 2015 Noble's carry payments to CNX Gas Company reduced capital expenditures by $27,916. Payments received during the quarter ended March 31, 2015 were for expenditures made while the carry was in effect during 2014. For the quarter ending March 31, 2014 there was no carry related reductions to capital expenditures. |
ShortTerm_Notes_Payable
Short-Term Notes Payable | 3 Months Ended |
Mar. 31, 2015 | |
Short-term Debt, Other Disclosures [Abstract] | |
Short-Term Notes Payable: | SHORT-TERM NOTES PAYABLE: |
CONSOL Energy's current senior secured credit agreement expires on June 18, 2019. The credit facility allows for up to $2,000,000 of borrowings, which includes a $750,000 letters of credit sub-limit. CONSOL Energy can request an additional $500,000 increase in the aggregate borrowing limit amount. | |
The current facility is secured by substantially all of the assets of CONSOL Energy and certain of its subsidiaries. Fees and interest rate spreads are based on the percentage of facility utilization, measured quarterly. Availability under the facility is limited to a borrowing base, which is determined by the lenders administrative agent and approved by the required number of lenders in good faith by calculating a value of CONSOL Energy's proved gas reserves. | |
The current facility contains a number of affirmative and negative covenants that limit the Company's ability to dispose of assets, make investments, purchase or redeem CONSOL Energy common stock, pay dividends, merge with another corporation and amend, modify or restate the senior unsecured notes. The facility also requires that CONSOL Energy maintains a minimum interest coverage ratio of 2.50 to 1.00 which is calculated as the ratio of Adjusted EBITDA to cash interest expense of CONSOL Energy and certain of its subsidiaries, measured quarterly. CONSOL Energy must also maintain a minimum current ratio of 1.00 to 1.00 which is calculated as the ratio of current assets, plus revolver availability, to current liabilities excluding borrowings under the revolver and accounts receivable securitization facility, measured quarterly. At March 31, 2015, the interest coverage ratio was 4.72 to 1.00 and the current ratio was 1.60 to 1.00. Further, the credit facility allows unlimited investments in joint ventures for the development and operation of gas gathering systems and permits CONSOL Energy to separate its gas and coal businesses if the leverage ratio (which is, essentially, the ratio of debt to EBITDA) of the E&P business immediately after the separation would not be greater than 2.75 to 1.00. | |
At March 31, 2015, the $2,000,000 facility had $760,500 of borrowings outstanding and $214,650 of letters of credit outstanding, leaving $1,024,850 of unused capacity. At December 31, 2014, the $2,000,000 facility had no borrowings outstanding and $244,418 of letters of credit outstanding, leaving $1,755,582 of unused capacity. | |
On March 9, 2015, Consol Pennsylvania Coal Company LLC (CPCC) and Conrhein Coal Company (Conrhein) which are wholly owned subsidiaries of the Company, entered into a $600,000 commitment for a senior secured term loan facility. If drawn, the maturity date of the term loan facility is March 9, 2018. The facility is secured by the thermal coal assets related to CONSOL Energy’s existing Pennsylvania operations along with CONSOL Energy providing a guarantee to the lenders and a pledge of its equity interests in CPCC and Conrhein. At March 31, 2015, the term loan facility is undrawn. | |
The term loan commitment will expire on the earlier of (1) December 31, 2015 or (2) the consummation of the CNX Coal Resources LP initial public offering. The term loan facility will contain affirmative and negative covenants that, among other things, limit the ability to dispose of assets, pay dividends, merge with another corporation and incur indebtedness. The term loans shall bear interest at a rate per annum equal to LIBOR plus 3.0% or Base Rate plus 2.0%. |
LongTerm_Debt
Long-Term Debt | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Long-term Debt, Other Disclosures [Abstract] | ||||||||
Long-term Debt | LONG-TERM DEBT: | |||||||
March 31, | December 31, | |||||||
2015 | 2014 | |||||||
Debt: | ||||||||
Senior notes due April 2020 at 8.25%, issued at par value | $ | 76,978 | $ | 1,014,800 | ||||
Senior notes due March 2021 at 6.375%, issued at par value | 20,824 | 250,000 | ||||||
Senior notes due April 2022 at 5.875%, including amortization of bond premium | 1,856,283 | 1,856,506 | ||||||
Senior notes due April 2023 at 8.00%, including amortization of bond discount | 492,760 | — | ||||||
MEDCO revenue bonds in series due September 2025 at 5.75% | 102,865 | 102,865 | ||||||
Advance royalty commitments (7.91% weighted average interest rate for March 31, 2015 and December 31, 2014) | 13,473 | 13,473 | ||||||
Other long-term note maturing in 2018 (total value of $4,129 and $4,473 less unamortized discount of $555 and $643 at March 31, 2015 and December 31, 2014, respectively). | 3,574 | 3,830 | ||||||
2,566,757 | 3,241,474 | |||||||
Less amounts due in one year * | 5,076 | 5,052 | ||||||
Long-Term Debt | $ | 2,561,681 | $ | 3,236,422 | ||||
* Excludes current portion of Capital Lease Obligations of $8,166 and $7,964 at March 31, 2015 and December 31, 2014, respectively. | ||||||||
Accrued interest related to Long-Term Debt of $54,118 and $51,159 was included in Other Accrued Liabilities in the Consolidated Balance Sheets at March 31, 2015 and December 31, 2014, respectively. |
Commitments_and_Contingencies
Commitments and Contingencies | 3 Months Ended | |||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ||||||||||||||||||||
Commitments and Contingencies | COMMITMENTS AND CONTINGENT LIABILITIES: | |||||||||||||||||||
CONSOL Energy and its subsidiaries are subject to various lawsuits and claims with respect to such matters as personal injury, wrongful death, damage to property, exposure to hazardous substances, governmental regulations including environmental remediation, employment and contract disputes and other claims and actions arising out of the normal course of business. CONSOL Energy accrues the estimated loss for these lawsuits and claims when the loss is probable and can be estimated. The Company's current estimated accruals related to these pending claims, individually and in the aggregate, are immaterial to the financial position, results of operations or cash flows of CONSOL Energy. It is possible that the aggregate loss in the future with respect to these lawsuits and claims could ultimately be material to the financial position, results of operations or cash flows of CONSOL Energy; however, such amounts cannot be reasonably estimated. The amount claimed against CONSOL Energy is disclosed below when an amount is expressly stated in the lawsuit or claim, which is not often the case. The maximum aggregate amount claimed in those lawsuits and claims, regardless of probability, where a claim is expressly stated or can be estimated, exceeds the aggregate amounts accrued for all lawsuits and claims by approximately $389,011. | ||||||||||||||||||||
The following lawsuits and claims include those for which a loss is probable and an accrual has been recognized. | ||||||||||||||||||||
Hale Litigation: This class action lawsuit was filed on September 23, 2010 in the U.S. District Court in Abingdon, Virginia. The putative class consists of forced-pooled unleased gas owners whose ownership of the coalbed methane (CBM) gas was declared to be in conflict with rights of others. The lawsuit seeks a judicial declaration of ownership of the CBM and damages based on allegations CNX Gas Company failed to either pay royalties due to conflicting claimants, or deemed lessors or paid them less than required because of the alleged practice of improper below market sales and/or taking alleged improper post-production deductions. On September 30, 2013, the District Judge entered an Order certifying the class, and CNX Gas Company appealed the Order to the U.S. Fourth Circuit Court of Appeals. On August 19, 2014, the Fourth Circuit agreed with CNX Gas Company, reversed the Order certifying the class and remanded the case to the trial court for further proceedings consistent with the decision. On April 23, 2015, Plaintiffs filed their Renewed Motion for Class Certification, seeking to certify a class for purposes of an accounting of escrowed and suspended royalties. The Company’s opposition to the Renewed Motion is due on June 23, 2015, and the Court has set aside September 8 through 10, 2015 for a hearing. CONSOL Energy continues to believe this action cannot properly proceed as a class action in any form, believes the case has meritorious defenses, and intends to defend it vigorously. The Company has established an accrual to cover its estimated liability for this case. This accrual is immaterial to the overall financial position of CONSOL Energy and is included in Other Accrued Liabilities on the Consolidated Balance Sheets. | ||||||||||||||||||||
Addison Litigation: This class action lawsuit was filed on April 28, 2010 in the United States District Court in Abingdon, Virginia. The putative class consists of gas lessors whose gas ownership is in conflict. The lawsuit seeks a judicial declaration of ownership of the CBM and damages based on the allegations that CNX Gas Company failed to either pay royalties due these conflicting claimant lessors or paid them less than required because of the alleged practice of improper below market sales and/or taking alleged improper post-production deductions. On September 30, 2013, the District Judge entered an Order certifying the class, and CNX Gas Company appealed the Order to the U.S. Court of Appeals for the Fourth Circuit. On August 19, 2014, the Fourth Circuit agreed with CNX Gas Company, reversed the Order certifying the class and remanded the case to the trial court for further proceedings consistent with the decision. On April 23, 2015, Plaintiffs filed their Renewed Motion for Class Certification, seeking to certify a class for purposes of an accounting of escrowed and suspended royalties. The Company’s opposition to the Renewed Motion is due on June 23, 2015, and the Court has set aside September 8 through 10, 2015 for a hearing. CONSOL Energy continues to believe this action cannot properly proceed as a class action in any form, believes the case has meritorious defenses, and intends to defend it vigorously. The Company has established an accrual to cover its estimated liability for this case. This accrual is immaterial to the overall financial position of CONSOL Energy and was included in Other Accrued Liabilities on the Consolidated Balance Sheets. | ||||||||||||||||||||
Clean Water Act - Bailey Mine: The Company received from the U.S. EPA on April 8, 2011 a request for information relating to National Pollutant Discharge Element System Permit compliance at the Company's Bailey and Enlow Fork Mines. In response, CONSOL Pennsylvania Coal Company submitted water discharge monitoring and other data to the EPA. In early 2013, the case was referred to the U.S. Department of Justice (DOJ), and the Pennsylvania Department of Environmental Protection also became involved. On December 18, 2014, the DOJ provided the Company a proposed Consent Decree to resolve certain Clean Water Act and Clean Streams Law claims against CONSOL Energy Inc. and CONSOL Pennsylvania Coal Company with respect to the Bailey Mine Complex. The parties continue to negotiate the terms of the proposed Consent Decree. The Company has established an accrual to cover its estimated liability in this matter. This accrual is immaterial to the overall financial position of CONSOL Energy and was included in Other Accrued Liabilities on the Consolidated Balance Sheets. | ||||||||||||||||||||
The following royalty and land right lawsuits and claims include those for which a loss is reasonably possible, but not probable, and accordingly, an accrual may not have been recognized. These claims are influenced by many factors which prevent the estimation of a range of potential loss. These factors include, but are not limited to, generalized allegations of unspecified damages (such as improper deductions), discovery having not commenced or not having been completed, unavailability of expert reports on damages and non-monetary issues are being tried. For example, in instances where a gas lease termination is sought, damages would depend on speculation as to if and when the gas production would otherwise have occurred, how many wells would have been drilled on the lease premises, what their production would be, what the cost of production would be, and what the price of gas would be during the production period. An estimate is calculated, if applicable, when sufficient information becomes available. | ||||||||||||||||||||
Virginia Mine Void Litigation: The Company is currently defending five lawsuits naming Consolidation Coal Company (CCC), Island Creek Coal Company (ICCC), CNX Gas Company, and/or CONSOL Energy. Four of the lawsuits are pending in the U.S. District Court for the Western District of Virginia. The Complaints seek damages and injunctive relief in connection with the transfer of water from mining activities at the Company's Buchanan Mine into void spaces in inactive ICCC mines adjacent to the Buchanan operations, which are voids ostensibly underlying plaintiffs' properties. While some of the plaintiffs have an ownership interest in the coal, others have some interest in one or more of the fee, surface, coal, oil/gas or other mineral estates. The suits allege that the water storage precludes access to and has damaged coal, impeded coalbed methane gas production and was made without compensation to the property owners. Plaintiffs seek recovery in tort, contract and trespass assumpsit (quasi-contract). The suits each seek damages between $50,000 and in excess of $100,000 plus punitive damages. The Company intends to vigorously defend these suits. The Company has established an accrual to cover the low end of the estimated range of possible losses. This accrual is immaterial to the overall financial position of CONSOL Energy and was included in Other Accrued Liabilities on the Consolidated Balance Sheets. | ||||||||||||||||||||
Kennedy Litigation: The Company is a party to a case filed on March 26, 2008 captioned Earl Kennedy (and others) v. CNX Gas Company and CONSOL Energy in the Court of Common Pleas of Greene County, Pennsylvania. The lawsuit alleges that CNX Gas Company and CONSOL Energy trespassed and converted gas and other minerals allegedly belonging to the plaintiffs in connection with wells drilled by CNX Gas Company. The complaint, as amended, seeks injunctive relief, including removing CNX Gas Company from the property, and compensatory damages of $20,000. The suit also sought to overturn existing law as to the ownership of coalbed methane in Pennsylvania, but that claim was dismissed by the court. The suit further sought a determination that the Pittsburgh 8 coal seam does not include the “roof/rider” coal. The court held a bench trial on the “roof/rider” coal issue in November 2011 and ruled in favor of CNX Gas Company and CONSOL Energy. On March 3, 2014, the Company won summary judgment on Counts 1 through 10 of the Amended Complaint, each relating to the alleged trespass of horizontal CBM wells into strata other than the Pittsburgh 8 Seam. The last remaining Count, seeking to quiet title to approximately 40 acres of Pittsburgh Seam coal, was nonsuited by Plaintiffs, without prejudice, on March 26, 2014. On March 28, 2014, Plaintiffs filed Notices of Appeal with the Pennsylvania Superior Court. On April 22, 2015, the Superior Court ruled in favor of the Company on all issues and affirmed each of the trial court orders and judgments that was appealed. | ||||||||||||||||||||
Rowland Litigation: Rowland Land Company filed a complaint in May 2011 against CONSOL Energy, CNX Gas Company, Dominion Resources Inc., and EQT Production Company (EQT) in Raleigh County Circuit Court, West Virginia. Rowland is the lessor on a 33,000 acre oil and gas lease in southern West Virginia. EQT was the original lessee, but farmed out the development of the lease to Dominion Resources in exchange for an overriding royalty. Dominion Resources sold the indirect subsidiary that held the lease to a subsidiary of CONSOL Energy on April 30, 2010. Subsequent to that acquisition, the subsidiary that held the lease was merged into CNX Gas Company as part of an internal reorganization. Rowland alleges that (i) Dominion Resources' sale of the subsidiary to CONSOL Energy was a change in control that required its consent under the terms of the farmout agreement and lease, and/or (ii) the subsequent merger of the subsidiary into CNX Gas Company was an assignment that required its consent under the lease. The parties have reached a settlement in principle of this matter, which will be dismissed with prejudice. | ||||||||||||||||||||
At March 31, 2015, CONSOL Energy has provided the following financial guarantees, unconditional purchase obligations and letters of credit to certain third parties, as described by major category in the following table. These amounts represent the maximum potential total of future payments that the Company could be required to make under these instruments. These amounts have not been reduced for potential recoveries under recourse or collateralization provisions. Generally, recoveries under reclamation bonds would be limited to the extent of the work performed at the time of the default. No amounts related to these financial guarantees and letters of credit are recorded as liabilities in the financial statements. CONSOL Energy management believes that these guarantees will expire without being funded, and therefore the commitments will not have a material adverse effect on financial condition. | ||||||||||||||||||||
Amount of Commitment Expiration Per Period | ||||||||||||||||||||
Total | Less Than | 1-3 Years | 3-5 Years | Beyond | ||||||||||||||||
Amounts | 1 Year | 5 Years | ||||||||||||||||||
Committed | ||||||||||||||||||||
Letters of Credit: | ||||||||||||||||||||
Employee-Related | $ | 94,947 | $ | 75,624 | $ | 19,323 | $ | — | $ | — | ||||||||||
Environmental | 4,786 | 4,186 | 600 | — | — | |||||||||||||||
Other | 164,347 | 164,347 | — | — | — | |||||||||||||||
Total Letters of Credit | 264,080 | 244,157 | 19,923 | — | — | |||||||||||||||
Surety Bonds: | ||||||||||||||||||||
Employee-Related | 181,720 | 181,720 | — | — | — | |||||||||||||||
Environmental | 553,656 | 545,391 | 8,265 | — | — | |||||||||||||||
Other | 24,454 | 24,449 | 4 | 1 | ||||||||||||||||
Total Surety Bonds | 759,830 | 751,560 | 8,269 | 1 | — | |||||||||||||||
Guarantees: | ||||||||||||||||||||
Coal | 108,550 | 83,500 | 25,050 | — | — | |||||||||||||||
Other | 84,421 | 42,119 | 16,939 | 12,649 | 12,714 | |||||||||||||||
Total Guarantees | 192,971 | 125,619 | 41,989 | 12,649 | 12,714 | |||||||||||||||
Total Commitments | $ | 1,216,881 | $ | 1,121,336 | $ | 70,181 | $ | 12,650 | $ | 12,714 | ||||||||||
Included in the above table are commitments and guarantees entered into in conjunction with the sale of Consolidation Coal Company and certain of its subsidiaries, which contain all five of its longwall coal mines in West Virginia, and its river operations to a subsidiary of Murray Energy Corporation (Murray Energy). As part of the sales agreement, CONSOL Energy has guaranteed certain equipment lease obligations and coal sales agreements that were assumed by Murray Energy. In the event that Murray Energy would default on the obligations defined in the agreements, CONSOL Energy would be required to perform under the guarantees. If CONSOL Energy would be required to perform, the stock purchase agreement provides various recourse actions. At March 31, 2015, the fair value of these guarantees was $1,275 and are included in Other Accrued Liabilities on the Consolidated Balance Sheets. The fair value of certain of the guarantees was determined using CONSOL Energy’s risk adjusted interest rate. Significant increases or decreases in the risk-adjusted interest rates may result in a significantly higher or lower fair value measurement. Coal sales agreement guarantees were valued based on an evaluation of coal market pricing compared to contracted sales price and includes an adjustment for nonperformance risk. No other amounts related to financial guarantees and letters of credit are recorded as liabilities in the financial statements. Significant judgment is required in determining the fair value of these guarantees. The guarantees of the leases and sales agreements are classified within Level 3 of the fair value hierarchy. | ||||||||||||||||||||
CONSOL Energy regularly evaluates the likelihood of default for all guarantees based on an expected loss analysis and records the fair value, if any, of its guarantees as an obligation in the consolidated financial statements. | ||||||||||||||||||||
CONSOL Energy and CNX Gas Company enter into long-term unconditional purchase obligations to procure major equipment purchases, natural gas firm transportation, gas drilling services and other operating goods and services. These purchase obligations are not recorded on the Consolidated Balance Sheets. As of March 31, 2015, the purchase obligations for each of the next five years and beyond were as follows: | ||||||||||||||||||||
Obligations Due | Amount | |||||||||||||||||||
Less than 1 year | $ | 263,985 | ||||||||||||||||||
1 - 3 years | 314,084 | |||||||||||||||||||
3 - 5 years | 197,923 | |||||||||||||||||||
More than 5 years | 626,620 | |||||||||||||||||||
Total Purchase Obligations | $ | 1,402,612 | ||||||||||||||||||
Derivative_Instruments
Derivative Instruments | 3 Months Ended | ||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||
Derivative Instruments: | DERIVATIVE INSTRUMENTS: | ||||||||||||||||
CONSOL Energy enters into economic derivative instruments to manage its exposure to commodity price volatility. CONSOL Energy de-designated all of its cash flow hedges on December 31, 2014 and accounts for all existing and future gas commodity hedges on a mark-to-market basis with changes in fair value recorded in current period earnings. In connection with this change, CONSOL Energy froze the balances recorded in Accumulated Other Comprehensive Income at December 31, 2014 and will reclassify balances to earnings as the underlying physical transactions occur, unless it is no longer probable that the physical transaction will occur at which time the related Other Comprehensive Income (OCI) will be immediately recorded in earnings. In November 2014, CONSOL Energy entered into basis only swaps that did not qualify for hedge accounting. These swaps were entered into to decrease the risk related to pricing differentials between local markets and NYMEX. | |||||||||||||||||
CONSOL Energy is exposed to credit risk in the event of nonperformance by counterparties. The creditworthiness of counterparties is subject to continuing review. The Company has not experienced any issues of non-performance by derivative counterparties. | |||||||||||||||||
None of the Company's counterparty master agreements currently require CONSOL Energy to post collateral for any of its hedges. However, as stated in the counterparty master agreements, if CONSOL Energy's obligations with one of its counterparties cease to be secured on the same basis as similar obligations with the other lenders under the credit facility, CONSOL Energy would have to post collateral for hedges in a liabilities position in excess of defined thresholds. All of the Company's derivative instruments are subject to master netting arrangements with our counterparties. CONSOL Energy recognizes all financial derivative instruments as either assets or liabilities at fair value on the Consolidated Balance Sheets on a gross basis. | |||||||||||||||||
Each of CONSOL Energy's counterparty master agreements allows, in the event of default, the ability to elect early termination of outstanding contracts. If early termination is elected, CONSOL Energy and the applicable counterparty would net settle all open hedge positions. | |||||||||||||||||
CONSOL Energy’s commodity derivative instruments accounted for a total notional amount of production of 213.3 bcf at March 31, 2015 and are forecasted to settle through 2017. At December 31, 2014, the commodity derivative instruments accounted for a total notional amount of production of 215.9 bcf. At March 31, 2015, the basis only swaps were for notional amounts of 8.0 bcf and are forecasted to settle through 2015. At December 31, 2014, the basis only swaps were for notional amounts of 10.6 bcf. | |||||||||||||||||
The gross fair value of CONSOL Energy's derivative instruments at March 31, 2015 and December 31, 2014 were as follows: | |||||||||||||||||
Asset Derivative Instruments | Liability Derivative Instruments | ||||||||||||||||
March 31, | December 31, | March 31, | December 31, | ||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||||
Commodity Derivative Instruments | |||||||||||||||||
Prepaid Expense | $ | 138,772 | $ | 123,676 | Other Liabilities | $ | 272 | $ | — | ||||||||
Other Assets | 85,463 | 68,656 | Other Accrued Liabilities | 526 | — | ||||||||||||
Total Asset | $ | 224,235 | $ | 192,332 | Total Liability | $ | 798 | $ | — | ||||||||
Basis Only Swaps | |||||||||||||||||
Prepaid Expense | $ | 72 | $ | 1,064 | Other Accrued Liabilities | $ | 962 | $ | 327 | ||||||||
The commodity derivative instruments resulted in a gain of $61,631 being recorded in Unrealized Gain on Commodity Derivative Instruments on the Consolidated Statements of Income during the quarter ending March 31, 2015. | |||||||||||||||||
The basis only swaps resulted in a loss of $1,627 being recorded in Unrealized Gain on Commodity Derivative Instruments on the Consolidated Statements of Income during the quarter ending March 31, 2015. | |||||||||||||||||
The derivative instruments in which CONSOL Energy discontinued cash flow hedging had an effect on the Consolidated Statements of Income and the Consolidated Statements of Stockholders' Equity, net of tax, as follows: | |||||||||||||||||
Three Months Ended March 31, | |||||||||||||||||
2015 | 2014 | ||||||||||||||||
Natural Gas Price Swaps and Options | |||||||||||||||||
Beginning Balance – Accumulated OCI | $ | 121,521 | $ | 42,493 | |||||||||||||
Loss recognized in Accumulated OCI | — | (46,965 | ) | ||||||||||||||
Less: Gain (Loss) reclassified from Accumulated OCI (Net of tax: $11,213, ($10,951)) | 19,314 | (16,313 | ) | ||||||||||||||
Ending Balance – Accumulated OCI | $ | 102,207 | $ | 11,841 | |||||||||||||
Gain recognized in Outside Sales for ineffectiveness * | $ | — | $ | 355 | |||||||||||||
* No amounts were excluded from effectiveness testing of cash flow hedges. | |||||||||||||||||
CONSOL Energy expects to reclassify an additional $58,737, net of tax of $33,841, out of Accumulated Other Comprehensive Income over the remaining period ended December 31, 2015. |
Fair_Value_of_Financial_Instru
Fair Value of Financial Instruments | 3 Months Ended | |||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ||||||||||||||||||||||||
Fair Value of Financial Instruments | FAIR VALUE OF FINANCIAL INSTRUMENTS: | |||||||||||||||||||||||
CONSOL Energy determines the fair value of assets and liabilities based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. The fair values are based on assumptions that market participants would use when pricing an asset or liability, including assumptions about risk and the risks inherent in valuation techniques and the inputs to valuations. The fair value hierarchy is based on whether the inputs to valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources (including NYMEX forward curves, LIBOR-based discount rates and basis forward curves), while unobservable inputs reflect the Company's own assumptions of what market participants would use. | ||||||||||||||||||||||||
The fair value hierarchy includes three levels of inputs that may be used to measure fair value as described below. | ||||||||||||||||||||||||
Level One - Quoted prices for identical instruments in active markets. | ||||||||||||||||||||||||
Level Two - The fair value of the assets and liabilities included in Level Two are based on standard industry income approach models that use significant observable inputs, including NYMEX forward curves, LIBOR-based discount rates and basis forward curves. | ||||||||||||||||||||||||
Level Three - Unobservable inputs significant to the fair value measurement supported by little or no market activity. The significant unobservable inputs used in the fair value measurement of the Company's third party guarantees are the credit risk of the third party and the third party surety bond markets. A significant increase or decrease in these values, in isolation, would have a directionally similar effect resulting in higher or lower fair value measurement of the Company's Level Three guarantees. | ||||||||||||||||||||||||
In those cases when the inputs used to measure fair value meet the definition of more than one level of the fair value hierarchy, the lowest level input that is significant to the fair value measurement in its totality determines the applicable level in the fair value hierarchy. | ||||||||||||||||||||||||
The financial instruments measured at fair value on a recurring basis are summarized below: | ||||||||||||||||||||||||
Fair Value Measurements at March 31, 2015 | Fair Value Measurements at December 31, 2014 | |||||||||||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||||||
Gas Derivatives | $ | — | $ | 222,547 | $ | — | $ | — | $ | 193,069 | $ | — | ||||||||||||
Murray Energy Guarantees | $ | — | $ | — | $ | 1,275 | $ | — | $ | — | $ | 1,275 | ||||||||||||
The following methods and assumptions were used to estimate the fair value for which the fair value option was not elected: | ||||||||||||||||||||||||
Cash and cash equivalents: The carrying amount reported in the Consolidated Balance Sheets for cash and cash equivalents approximates its fair value due to the short-term maturity of these instruments. | ||||||||||||||||||||||||
Short-term notes payable: The carrying amount reported in the Consolidated Balance Sheets for short-term notes payable approximates its fair value due to the short-term maturity of these instruments. | ||||||||||||||||||||||||
Borrowings under Securitization Facility: The carrying amount reported in the Consolidated Balance Sheets for borrowings under the securitization facility approximates its fair value due to the short-term maturity of these instruments. | ||||||||||||||||||||||||
Long-term debt: The fair value of long-term debt is measured using unadjusted quoted market prices or estimated using discounted cash flow analyses. The discounted cash flow analyses are based on current market rates for instruments with similar cash flows. | ||||||||||||||||||||||||
The carrying amounts and fair values of financial instruments for which the fair value option was not elected are as follows: | ||||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||
Carrying | Fair | Carrying | Fair | |||||||||||||||||||||
Amount | Value | Amount | Value | |||||||||||||||||||||
Cash and Cash Equivalents | $ | 5,318 | $ | 5,318 | $ | 176,989 | $ | 176,989 | ||||||||||||||||
Short-Term Notes Payable | $ | (760,500 | ) | $ | (760,500 | ) | $ | — | $ | — | ||||||||||||||
Borrowings Under Securitization Facility | $ | (32,669 | ) | $ | (32,669 | ) | $ | — | $ | — | ||||||||||||||
Long-Term Debt | $ | (2,566,757 | ) | $ | (2,398,682 | ) | $ | (3,241,474 | ) | $ | (3,169,154 | ) |
Segment_Information
Segment Information | 3 Months Ended |
Mar. 31, 2015 | |
Segment Reporting Information [Line Items] | |
Segment Reporting Disclosure [Text Block] | SEGMENT INFORMATION: |
CONSOL Energy consists of two principal business divisions: Exploration and Production (E&P) and Coal. The principal activity of the E&P division, which includes four reportable segments, is to produce pipeline quality natural gas for sale primarily to gas wholesalers. The E&P division's reportable segments are Marcellus, Utica, Coalbed Methane, and Other Gas. The Other Gas segment is primarily related to shallow oil and gas production as well as Upper Devonian Shale, and includes the Company's purchased gas activities and general and administrative activities, as well as various other activities assigned to the E&P division but not allocated to each individual well type. | |
The principal activities of the Coal division, which includes three reportable segments, are mining, preparation and marketing of thermal coal, sold primarily to power generators, and metallurgical coal, sold to metal and coke producers. The Coal division's reportable segments are Pennsylvania (PA) Operations, Virginia (VA) Operations, and Other Coal. Each of these reportable segments includes a number of operating segments (individual mines). For the three months ended March 31, 2015, the PA Operations aggregated segment includes the following mines: Bailey Mine, Enlow Fork Mine, and Harvey Mine and the corresponding preparation plant facilities. For the three months ended March 31, 2015, the VA Operations aggregated segment includes the Buchanan Mine and the corresponding preparation plant facilities. For the three months ended March 31, 2015, the Other Coal segment includes the Miller Creek Complex, coal terminal operations, the Company's purchased coal activities, idled mine activities and general and administrative activities, as well as various other activities assigned to the Coal division but not allocated to each individual mine. | |
CONSOL Energy’s All Other division includes expenses from various other corporate activities that are not allocated to the E&P or Coal divisions. | |
In the preparation of the following information, intersegment sales have been recorded at amounts approximating market. Operating profit for each segment is based on sales less identifiable operating and non-operating expenses. Assets are reflected at the division level for E&P and are not allocated between each individual E&P segment. These assets are not allocated to each individual segment due to the diverse asset base controlled by CONSOL Energy, whereby each individual asset may service more than one segment within the division. An allocation of such asset base would not be meaningful or representative on a segment by segment basis. |
Related_Party_Transaction
Related Party Transaction | 3 Months Ended |
Mar. 31, 2015 | |
NOTE 16- RELATED PARTY TRANSACTIONS [Abstract] | |
Related Party Transactions Disclosure [Text Block] | RELATED PARTY TRANSACTIONS: |
On September 30, 2011, CNX Gas Company and Noble Energy, Inc., an unrelated third party and joint venture partner, formed CONE Gathering LLC to develop and operate each company's gas gathering system needs in the Marcellus Shale play. CONSOL Energy accounts for CNX Gas Company's 50% ownership interest in CONE Gathering LLC under the equity method of accounting. | |
On May 30, 2014, CONE Gathering LLC formed CONE Midstream Partners, LP (the Partnership). On September 30, 2014, CONE Gathering LLC contributed certain assets and liabilities to the Partnership, which closed on an initial public offering of 20,125,000 of its common units at a per unit price of $22.00, which included a 2,625,000 common unit over-allotment option that was exercised in full by the underwriters (the CONE IPO). The Partnership received net proceeds of $413,005 in connection with the CONE IPO, which is net of underwriting discounts, commissions, structuring fees, and other offering expenses of $29,745. The Partnership distributed $203,986 of the net proceeds from the CONE IPO to CNX Gas Company, which CONSOL Energy recorded as a return on equity investments within cash flows from operating activities and as a net investment in equity affiliates within cash flows from investing activities, pursuant to the cumulative earnings approach. Under this approach, all distributions received by the investor are deemed to be returns on the investment unless the cumulative distributions exceed the cumulative equity in earnings recognized by the investor. The excess distributions are deemed to be returns of the investment and are classified as investing cash flows. | |
During the three months ended March 31, 2015 there was $3,608 of additional capital contributions to CONE Gathering, LLC and $30,487 to CONE Midstream Partners, LP. The capital contributions were offset, in part, by $4,103 of distributions from CONE Midstream Partners, LP. During the three months ended March 31, 2014 there was $12,000 of additional capital contributions to CONE Gathering, LLC. | |
Following the CONE IPO, CONE Gathering LLC has a 2% general partner interest in the Partnership, while each sponsor has a 32.1% limited partner interest. CNX Gas Company accounts for its portion of the earnings in the Partnership under the equity method of accounting. At March 31, 2015, CNX Gas Company and Noble Energy each continue to own a 50% interest in the assets of CONE Gathering LLC that were not contributed to the Partnership. Equity in earnings of affiliates during the three months ended March 31, 2015 and 2014 related to CONE Gathering LLC was $3,138 and $4,401, respectively. Equity in earnings of affiliates related to CONE Midstream Partners, LP. was $4,518 during the three months ended March 31, 2015. | |
During the three months ended March 31, 2015 and 2014, CONE Gathering LLC (prior to September 30, 2014) and the Partnership (after September 30, 2014) provided gathering services to CNX Gas Company in the ordinary course of business totaling $22,360 and $11,825 respectively. These costs were included in Exploration and Production Costs - Transportation, Gathering and Compression on CONSOL Energy’s accompanying Consolidated Statements of Income. At March 31, 2015 and March 31, 2014, CONSOL Energy had a net payable of $8,137 and $5,352 respectively, due to both the Partnership and CONE Gathering LLC primarily for accrued but unpaid gathering services. The net payable for both periods is included in Accounts Payable on CONSOL Energy’s accompanying Consolidated Balance Sheets. |
Stock_Repurchase_Notes
Stock Repurchase (Notes) | 3 Months Ended |
Mar. 31, 2015 | |
Stock Repurchase [Abstract] | |
Treasury Stock [Text Block] | In December 2014, CONSOL Energy's Board of Directors approved a stock repurchase program under which CONSOL Energy may purchase from time to time up to $250,000 of its common stock over the next two years. Under the terms of the program, CONSOL Energy may make repurchases in the open market, in privately negotiated transactions, accelerated repurchase programs or in structured share repurchase programs. Any repurchases of common stock will be funded from available cash on hand or short-term borrowings. The program does not obligate CONSOL Energy to acquire any particular amount of common stock, and it may be modified or suspended at any time at the Company's discretion. The program will be conducted in compliance with applicable legal requirements and within the limits imposed by any credit agreement, receivables purchase agreement or indenture and shall be subject to market conditions and other factors. During the three months ended March 31, 2015, 2,213,100 shares were repurchased and retired at an average price of $32.37 per share. |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements (Notes) | 3 Months Ended |
Mar. 31, 2015 | |
Accounting Changes and Error Corrections [Abstract] | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | In February 2015, the Financial Accounting Standards Board (FASB) issued Update 2015-02 - Consolidation (Topic 810): Amendments to the Consolidation Analysis. The objective of the amendments in this update is to change the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. The amendments in this update affect reporting entities that are required to evaluate whether they should consolidate certain legal entities. All legal entities are subject to reevaluation under the revised consolidation model. Specifically, the amendments: (1) modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs) or voting interest entities; (2) eliminate the presumption that a general partner should consolidate a limited partnership; (3) affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and (4) provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. The amendments in this update affect the following areas: (1) limited partnerships and similar legal entities; (2) evaluating fees paid to a decision maker or a service provider as a variable interest; (3) the effect of fee arrangements on the primary beneficiary determination; (4) the effect of related parties on the primary beneficiary determination; and (5) certain investment funds. Current GAAP includes different requirements for performing a consolidation analysis if, among other factors, the entity under evaluation is any one of the following: (1) a legal entity that qualifies for the indefinite deferral of Statement 167; (2) a legal entity that is within the scope of Statement 167; and (3) a limited partnership or similar legal entity that is considered a voting interest entity. Under the amendments in this update, all reporting entities are within the scope of Subtopic 810-10, Consolidation-Overall, including limited partnerships and similar legal entities, unless a scope exception applies. The presumption that a general partner controls a limited partnership has been eliminated. Overall, the amendments in this update are an improvement to current GAAP because they simplify the Codification and reduce the number of consolidated models through the elimination of the indefinite deferral of Statement 167 and because they place more emphasis on risk of loss when determining a controlling financial interest. The amendments in this update are effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact this guidance may have on CONSOL Energy's financial statements. |
In April 2015, the FASB issued update 2015-03 - Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This update is part of the FASB's initiative to reduce complexity in accounting standards (the Simplification Initiative). The Board received feedback that having different balance sheet presentation requirements for debt issuance costs and debt discounts and premiums creates unnecessary complexity. Recognizing debt issuance costs as a deferred charge (that is, an asset) also is different from the guidance in International Financial Reporting Standards (IFRS), which requires that transaction costs be deducted from the carrying value of the financial liability and not recorded as separate assets. Additionally, the requirement to recognize debt issuance costs as deferred charges conflicts with the guidance in FASB Concepts Statement No. 6, Elements of Financial Statements, which states that debt issuance costs are similar to debt discounts and in effect reduce the proceeds of borrowing, thereby increasing the effective interest rate. Concepts Statement 6 further states that debt issuance costs cannot be an asset because they provide no future economic benefit. To simplify the presentation of debt issuance costs, the amendments in this update require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct reduction from the carrying amount of that debt liability, consistent with debt discounts. For public business entities, the amendments in this update are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption of the amendments in this update is permitted for financial statements that have not been previously issued. The Company believes adoption of this new guidance will not have a material impact on CONSOL Energy's financial statements. | |
In April 2015, the FASB issued update 2015-04 - Compensation-Retirement Benefits (Topic 715): Practical Expedient for the Measurement Date of an Employer's Defined Benefit Obligation and Plan Assets. This update is part of the FASB's initiative to reduce complexity in accounting standards (the Simplification Initiative). If a contribution or significant event (such as a plan amendment, settlement, or curtailment that calls for a remeasurement in accordance with existing requirements) occurs between the month-end date used to measure defined benefit plan assets and obligations and an entity's fiscal year-end, the entity should adjust the measurement of defined benefit plan assets and obligations to reflect the effects of those contributions or significant events. However, an entity should not adjust the measurement of defined benefit plan assets and obligations for other events that occur between the month-end measurement and the entity's fiscal year-end that are not caused by the entity (for example, changes in market prices or interest rates). For an entity that has a significant event in an interim period that calls for a remeasurement of defined benefit plan assets and obligations (for example, a partial settlement), the amendments in this update also provide a practical expedient that permits the entity to remeasure defined benefit plan assets and obligations using the month-end that is closest to the date of the significant event. An entity is required to disclose the accounting policy election and the date used to measure defined benefit plan assets and obligations in accordance with the amendments in this update. The amendments in this update are effective for public business entities for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Earlier application is permitted. The Company believes adoption of this new guidance will not have a material impact on CONSOL Energy's financial statements. | |
In April 2015, the FASB issued update 2015-05 - Intangibles-Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer's Accounting for Fees Paid in a Cloud Computing Arrangement. This update is part of the FASB's initiative to reduce complexity in accounting standards (the Simplification Initiative). Existing GAAP does not include explicit guidance about a customer's accounting for fees paid in a cloud computing arrangement. Examples of cloud computing arrangements include software as a service, platform as a service, infrastructure as a service, and other similar hosting arrangements. Guidance was added to Subtopic 350-40, Intangibles-Goodwill and Other-Internal-Use Software, which will help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement. The amendments in this update provide guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The guidance will not change GAAP for a customer's accounting for service contracts. For public business entities, the amendments will be effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted. The Company believes adoption of this new guidance will not have a material impact on CONSOL Energy's financial statements. | |
In May 2014, the Financial Accounting Standards Board issued Update 2014-09 - Revenue from Contracts with Customers (Topic 606). The objective of the amendments in this update is to improve financial reporting by creating common revenue recognition guidance for accounting principles generally accepted in the United States (U.S. GAAP) and International Financial Reporting Standards (IFRS). The guidance in this update supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance throughout the Industry Topics of the Codification. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity should disclose sufficient information, both qualitative and quantitative, to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amendments in this update are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. Management believes adoption of this new guidance will not have a material impact on CONSOL Energy's financial statements. |
Basis_of_Presentation_Tables
Basis of Presentation (Tables) | 3 Months Ended | |||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||
BASIS OF PRESENTATION: [Abstract] | ||||||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | The computations for basic and dilutive earnings per share are as follows: | |||||||||||||||||
Three Months Ended March 31, | ||||||||||||||||||
2015 | 2014 | |||||||||||||||||
Income from Continuing Operations | $ | 79,030 | $ | 121,690 | ||||||||||||||
Loss from Discontinued Operations | — | (5,687 | ) | |||||||||||||||
Net Income | $ | 79,030 | $ | 116,003 | ||||||||||||||
Weighted Average Shares of Common Stock Outstanding: | ||||||||||||||||||
Basic | 229,734,412 | 229,526,033 | ||||||||||||||||
Effect of Stock-Based Compensation Awards | 712,287 | 1,341,493 | ||||||||||||||||
Dilutive | 230,446,699 | 230,867,526 | ||||||||||||||||
Earnings per Share: | ||||||||||||||||||
Basic (Continuing Operations) | $ | 0.34 | $ | 0.53 | ||||||||||||||
Basic (Discontinued Operations) | — | (0.02 | ) | |||||||||||||||
Total Basic | $ | 0.34 | $ | 0.51 | ||||||||||||||
Dilutive (Continuing Operations) | $ | 0.34 | $ | 0.53 | ||||||||||||||
Dilutive (Discontinued Operations) | — | (0.03 | ) | |||||||||||||||
Total Dilutive | $ | 0.34 | $ | 0.5 | ||||||||||||||
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | The table below sets forth the share-based awards that have been excluded from the computation of the diluted earnings per share because their effect would be anti-dilutive: | |||||||||||||||||
Three Months Ended March 31, | ||||||||||||||||||
2015 | 2014 | |||||||||||||||||
Anti-Dilutive Options | 1,834,432 | 359,488 | ||||||||||||||||
Anti-Dilutive Restricted Stock Units | 85,018 | — | ||||||||||||||||
Anti-Dilutive Performance Stock Options | 802,804 | — | ||||||||||||||||
2,722,254 | 359,488 | |||||||||||||||||
Schedule of Changes in Accumulated Other Comprehensive Income/(Loss) by Component [Table Text Block] | Changes in Accumulated Other Comprehensive Loss by component, net of tax, were as follows: | |||||||||||||||||
Gains and Losses on Cash Flow Hedges | Postretirement Benefits | Total | ||||||||||||||||
Balance at December 31, 2014 | $ | 121,521 | $ | (272,621 | ) | $ | (151,100 | ) | ||||||||||
Amounts Reclassified from Accumulated Other Comprehensive Income | (19,314 | ) | (149 | ) | (19,463 | ) | ||||||||||||
Balance at March 31, 2015 | $ | 102,207 | $ | (272,770 | ) | $ | (170,563 | ) | ||||||||||
Schedule of Reclassification of Adjustments to Accumulated Other Comprehensive Income [Table Text Block] | The following table shows the reclassification of adjustments out of Accumulated Other Comprehensive Loss: | |||||||||||||||||
Three Months Ended March 31, | ||||||||||||||||||
2015 | 2014 | |||||||||||||||||
Derivative Instruments (Note 13) | ||||||||||||||||||
Natural Gas Price Swaps and Options | $ | (30,527 | ) | $ | 27,264 | |||||||||||||
Tax Expense (Benefit) | 11,213 | (10,951 | ) | |||||||||||||||
Net of Tax | $ | (19,314 | ) | $ | 16,313 | |||||||||||||
Actuarially Determined Long-Term Liability Adjustments (Note 4 and Note 5) | ||||||||||||||||||
Amortization of Prior Service Costs | $ | (14,812 | ) | $ | (2,542 | ) | ||||||||||||
Recognized Net Actuarial Loss | 14,573 | 10,646 | ||||||||||||||||
Total | (239 | ) | 8,104 | |||||||||||||||
Tax Expense (Benefit) | 90 | (2,985 | ) | |||||||||||||||
Net of Tax | $ | (149 | ) | $ | 5,119 | |||||||||||||
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] | The table below sets forth the share-based awards that have been exercised or released: | |||||||||||||||||
Three Months Ended March 31, | ||||||||||||||||||
2015 | 2014 | |||||||||||||||||
Options | 76,028 | 265,339 | ||||||||||||||||
Restricted Stock Units | 449,005 | 334,399 | ||||||||||||||||
Performance Share Units | 497,134 | 378,971 | ||||||||||||||||
1,022,167 | 978,709 | |||||||||||||||||
Pension_and_OPEB_Periodic_Cost1
Pension and OPEB - Periodic Cost (Tables) | 3 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS NET PERIODIC BENEFIT COSTS: [Abstract] | ||||||||||||||||
Components of Net Periodic Costs | Components of net periodic benefit costs for the three months ended March 31, 2015 and 2014 are as follows: | |||||||||||||||
Pension Benefits | Other Post-Employment Benefits | |||||||||||||||
Three Months Ended | Three Months Ended | |||||||||||||||
March 31, | March 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Service cost | $ | 2,350 | $ | 4,308 | $ | — | $ | 2,331 | ||||||||
Interest cost | 8,580 | 9,151 | 6,995 | 12,097 | ||||||||||||
Expected return on plan assets | (12,689 | ) | (12,747 | ) | — | — | ||||||||||
Amortization of prior service credits | (176 | ) | (346 | ) | (14,636 | ) | (2,196 | ) | ||||||||
Recognized net actuarial loss | 6,939 | 5,891 | 8,926 | 6,369 | ||||||||||||
Net periodic benefit cost | $ | 5,004 | $ | 6,257 | $ | 1,285 | $ | 18,601 | ||||||||
CWP_and_Workers_Comp_Net_Perio1
CWP and Workers Comp - Net Periodic Costs (Tables) | 3 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
CWP And Workers Comp Net Periodic Cost [Abstract] | ||||||||||||||||
Components of Net Periodic Benefit Costs | Components of net periodic benefit costs for the three months ended March 31, 2015 and 2014 are as follows: | |||||||||||||||
CWP | Workers' Compensation | |||||||||||||||
Three Months Ended | Three Months Ended | |||||||||||||||
March 31, | March 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Service cost | $ | 1,623 | $ | 1,419 | $ | 2,347 | $ | 2,445 | ||||||||
Interest cost | 1,279 | 1,384 | 799 | 894 | ||||||||||||
Amortization of actuarial gain | (1,394 | ) | (1,549 | ) | (8 | ) | (95 | ) | ||||||||
State administrative fees and insurance bond premiums | — | — | 903 | 1,111 | ||||||||||||
Net periodic benefit cost | $ | 1,508 | $ | 1,254 | $ | 4,041 | $ | 4,355 | ||||||||
Inventories_Tables
Inventories (Tables) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Inventory Disclosure [Abstract] | ||||||||
Inventory components | ||||||||
March 31, | December 31, | |||||||
2015 | 2014 | |||||||
Coal | $ | 22,596 | $ | 19,242 | ||||
Supplies | 82,648 | 82,631 | ||||||
Total Inventories | $ | 105,244 | $ | 101,873 | ||||
Property_Plant_and_Equipment_T
Property, Plant and Equipment (Tables) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Property, Plant and Equipment [Abstract] | ||||||||
Property, Plant and Equipment | ||||||||
March 31, | December 31, | |||||||
2015 | 2014 | |||||||
Coal and other plant and equipment | $ | 3,747,817 | $ | 3,726,514 | ||||
Intangible drilling cost | 3,057,859 | 2,798,394 | ||||||
Proven gas properties | 1,766,692 | 1,768,007 | ||||||
Unproven gas properties | 1,554,505 | 1,540,835 | ||||||
Coal properties and surface lands | 1,364,481 | 1,358,306 | ||||||
Gas gathering equipment | 1,101,113 | 1,088,238 | ||||||
Gas wells and related equipment | 754,918 | 716,748 | ||||||
Airshafts | 467,455 | 468,924 | ||||||
Mine development | 412,130 | 414,501 | ||||||
Coal advance mining royalties | 389,175 | 386,245 | ||||||
Leased coal lands | 253,615 | 263,946 | ||||||
Other gas assets | 124,362 | 123,539 | ||||||
Gas advance royalties | 20,204 | 20,580 | ||||||
Total Property Plant and Equipment | 15,014,326 | 14,674,777 | ||||||
Less: Accumulated DD&A | 4,647,745 | 4,512,305 | ||||||
Total Net PP&E | $ | 10,366,581 | $ | 10,162,472 | ||||
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Long-term Debt, Other Disclosures [Abstract] | ||||||||
Schedule of Long-term Debt | ||||||||
March 31, | December 31, | |||||||
2015 | 2014 | |||||||
Debt: | ||||||||
Senior notes due April 2020 at 8.25%, issued at par value | $ | 76,978 | $ | 1,014,800 | ||||
Senior notes due March 2021 at 6.375%, issued at par value | 20,824 | 250,000 | ||||||
Senior notes due April 2022 at 5.875%, including amortization of bond premium | 1,856,283 | 1,856,506 | ||||||
Senior notes due April 2023 at 8.00%, including amortization of bond discount | 492,760 | — | ||||||
MEDCO revenue bonds in series due September 2025 at 5.75% | 102,865 | 102,865 | ||||||
Advance royalty commitments (7.91% weighted average interest rate for March 31, 2015 and December 31, 2014) | 13,473 | 13,473 | ||||||
Other long-term note maturing in 2018 (total value of $4,129 and $4,473 less unamortized discount of $555 and $643 at March 31, 2015 and December 31, 2014, respectively). | 3,574 | 3,830 | ||||||
2,566,757 | 3,241,474 | |||||||
Less amounts due in one year * | 5,076 | 5,052 | ||||||
Long-Term Debt | $ | 2,561,681 | $ | 3,236,422 | ||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 3 Months Ended | |||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||
Long-term Purchase Commitment [Table Text Block] | At March 31, 2015, CONSOL Energy has provided the following financial guarantees, unconditional purchase obligations and letters of credit to certain third parties, as described by major category in the following table. These amounts represent the maximum potential total of future payments that the Company could be required to make under these instruments. These amounts have not been reduced for potential recoveries under recourse or collateralization provisions. Generally, recoveries under reclamation bonds would be limited to the extent of the work performed at the time of the default. No amounts related to these financial guarantees and letters of credit are recorded as liabilities in the financial statements. CONSOL Energy management believes that these guarantees will expire without being funded, and therefore the commitments will not have a material adverse effect on financial condition. | |||||||||||||||||||
Amount of Commitment Expiration Per Period | ||||||||||||||||||||
Total | Less Than | 1-3 Years | 3-5 Years | Beyond | ||||||||||||||||
Amounts | 1 Year | 5 Years | ||||||||||||||||||
Committed | ||||||||||||||||||||
Letters of Credit: | ||||||||||||||||||||
Employee-Related | $ | 94,947 | $ | 75,624 | $ | 19,323 | $ | — | $ | — | ||||||||||
Environmental | 4,786 | 4,186 | 600 | — | — | |||||||||||||||
Other | 164,347 | 164,347 | — | — | — | |||||||||||||||
Total Letters of Credit | 264,080 | 244,157 | 19,923 | — | — | |||||||||||||||
Surety Bonds: | ||||||||||||||||||||
Employee-Related | 181,720 | 181,720 | — | — | — | |||||||||||||||
Environmental | 553,656 | 545,391 | 8,265 | — | — | |||||||||||||||
Other | 24,454 | 24,449 | 4 | 1 | ||||||||||||||||
Total Surety Bonds | 759,830 | 751,560 | 8,269 | 1 | — | |||||||||||||||
Guarantees: | ||||||||||||||||||||
Coal | 108,550 | 83,500 | 25,050 | — | — | |||||||||||||||
Other | 84,421 | 42,119 | 16,939 | 12,649 | 12,714 | |||||||||||||||
Total Guarantees | 192,971 | 125,619 | 41,989 | 12,649 | 12,714 | |||||||||||||||
Total Commitments | $ | 1,216,881 | $ | 1,121,336 | $ | 70,181 | $ | 12,650 | $ | 12,714 | ||||||||||
Unrecorded Unconditional Purchase Obligations Disclosure | ONSOL Energy and CNX Gas Company enter into long-term unconditional purchase obligations to procure major equipment purchases, natural gas firm transportation, gas drilling services and other operating goods and services. These purchase obligations are not recorded on the Consolidated Balance Sheets. As of March 31, 2015, the purchase obligations for each of the next five years and beyond were as follows: | |||||||||||||||||||
Obligations Due | Amount | |||||||||||||||||||
Less than 1 year | $ | 263,985 | ||||||||||||||||||
1 - 3 years | 314,084 | |||||||||||||||||||
3 - 5 years | 197,923 | |||||||||||||||||||
More than 5 years | 626,620 | |||||||||||||||||||
Total Purchase Obligations | $ | 1,402,612 | ||||||||||||||||||
Supply Commitment [Table Text Block] | NOTE 12—COMMITMENTS AND CONTINGENT LIABILITIES: | |||||||||||||||||||
CONSOL Energy and its subsidiaries are subject to various lawsuits and claims with respect to such matters as personal injury, wrongful death, damage to property, exposure to hazardous substances, governmental regulations including environmental remediation, employment and contract disputes and other claims and actions arising out of the normal course of business. CONSOL Energy accrues the estimated loss for these lawsuits and claims when the loss is probable and can be estimated. The Company's current estimated accruals related to these pending claims, individually and in the aggregate, are immaterial to the financial position, results of operations or cash flows of CONSOL Energy. It is possible that the aggregate loss in the future with respect to these lawsuits and claims could ultimately be material to the financial position, results of operations or cash flows of CONSOL Energy; however, such amounts cannot be reasonably estimated. The amount claimed against CONSOL Energy is disclosed below when an amount is expressly stated in the lawsuit or claim, which is not often the case. The maximum aggregate amount claimed in those lawsuits and claims, regardless of probability, where a claim is expressly stated or can be estimated, exceeds the aggregate amounts accrued for all lawsuits and claims by approximately $389,011. | ||||||||||||||||||||
The following lawsuits and claims include those for which a loss is probable and an accrual has been recognized. | ||||||||||||||||||||
Hale Litigation: This class action lawsuit was filed on September 23, 2010 in the U.S. District Court in Abingdon, Virginia. The putative class consists of forced-pooled unleased gas owners whose ownership of the coalbed methane (CBM) gas was declared to be in conflict with rights of others. The lawsuit seeks a judicial declaration of ownership of the CBM and damages based on allegations CNX Gas Company failed to either pay royalties due to conflicting claimants, or deemed lessors or paid them less than required because of the alleged practice of improper below market sales and/or taking alleged improper post-production deductions. On September 30, 2013, the District Judge entered an Order certifying the class, and CNX Gas Company appealed the Order to the U.S. Fourth Circuit Court of Appeals. On August 19, 2014, the Fourth Circuit agreed with CNX Gas Company, reversed the Order certifying the class and remanded the case to the trial court for further proceedings consistent with the decision. On April 23, 2015, Plaintiffs filed their Renewed Motion for Class Certification, seeking to certify a class for purposes of an accounting of escrowed and suspended royalties. The Company’s opposition to the Renewed Motion is due on June 23, 2015, and the Court has set aside September 8 through 10, 2015 for a hearing. CONSOL Energy continues to believe this action cannot properly proceed as a class action in any form, believes the case has meritorious defenses, and intends to defend it vigorously. The Company has established an accrual to cover its estimated liability for this case. This accrual is immaterial to the overall financial position of CONSOL Energy and is included in Other Accrued Liabilities on the Consolidated Balance Sheets. | ||||||||||||||||||||
Addison Litigation: This class action lawsuit was filed on April 28, 2010 in the United States District Court in Abingdon, Virginia. The putative class consists of gas lessors whose gas ownership is in conflict. The lawsuit seeks a judicial declaration of ownership of the CBM and damages based on the allegations that CNX Gas Company failed to either pay royalties due these conflicting claimant lessors or paid them less than required because of the alleged practice of improper below market sales and/or taking alleged improper post-production deductions. On September 30, 2013, the District Judge entered an Order certifying the class, and CNX Gas Company appealed the Order to the U.S. Court of Appeals for the Fourth Circuit. On August 19, 2014, the Fourth Circuit agreed with CNX Gas Company, reversed the Order certifying the class and remanded the case to the trial court for further proceedings consistent with the decision. On April 23, 2015, Plaintiffs filed their Renewed Motion for Class Certification, seeking to certify a class for purposes of an accounting of escrowed and suspended royalties. The Company’s opposition to the Renewed Motion is due on June 23, 2015, and the Court has set aside September 8 through 10, 2015 for a hearing. CONSOL Energy continues to believe this action cannot properly proceed as a class action in any form, believes the case has meritorious defenses, and intends to defend it vigorously. The Company has established an accrual to cover its estimated liability for this case. This accrual is immaterial to the overall financial position of CONSOL Energy and was included in Other Accrued Liabilities on the Consolidated Balance Sheets. | ||||||||||||||||||||
Clean Water Act - Bailey Mine: The Company received from the U.S. EPA on April 8, 2011 a request for information relating to National Pollutant Discharge Element System Permit compliance at the Company's Bailey and Enlow Fork Mines. In response, CONSOL Pennsylvania Coal Company submitted water discharge monitoring and other data to the EPA. In early 2013, the case was referred to the U.S. Department of Justice (DOJ), and the Pennsylvania Department of Environmental Protection also became involved. On December 18, 2014, the DOJ provided the Company a proposed Consent Decree to resolve certain Clean Water Act and Clean Streams Law claims against CONSOL Energy Inc. and CONSOL Pennsylvania Coal Company with respect to the Bailey Mine Complex. The parties continue to negotiate the terms of the proposed Consent Decree. The Company has established an accrual to cover its estimated liability in this matter. This accrual is immaterial to the overall financial position of CONSOL Energy and was included in Other Accrued Liabilities on the Consolidated Balance Sheets. | ||||||||||||||||||||
The following royalty and land right lawsuits and claims include those for which a loss is reasonably possible, but not probable, and accordingly, an accrual may not have been recognized. These claims are influenced by many factors which prevent the estimation of a range of potential loss. These factors include, but are not limited to, generalized allegations of unspecified damages (such as improper deductions), discovery having not commenced or not having been completed, unavailability of expert reports on damages and non-monetary issues are being tried. For example, in instances where a gas lease termination is sought, damages would depend on speculation as to if and when the gas production would otherwise have occurred, how many wells would have been drilled on the lease premises, what their production would be, what the cost of production would be, and what the price of gas would be during the production period. An estimate is calculated, if applicable, when sufficient information becomes available. | ||||||||||||||||||||
Virginia Mine Void Litigation: The Company is currently defending five lawsuits naming Consolidation Coal Company (CCC), Island Creek Coal Company (ICCC), CNX Gas Company, and/or CONSOL Energy. Four of the lawsuits are pending in the U.S. District Court for the Western District of Virginia. The Complaints seek damages and injunctive relief in connection with the transfer of water from mining activities at the Company's Buchanan Mine into void spaces in inactive ICCC mines adjacent to the Buchanan operations, which are voids ostensibly underlying plaintiffs' properties. While some of the plaintiffs have an ownership interest in the coal, others have some interest in one or more of the fee, surface, coal, oil/gas or other mineral estates. The suits allege that the water storage precludes access to and has damaged coal, impeded coalbed methane gas production and was made without compensation to the property owners. Plaintiffs seek recovery in tort, contract and trespass assumpsit (quasi-contract). The suits each seek damages between $50,000 and in excess of $100,000 plus punitive damages. The Company intends to vigorously defend these suits. The Company has established an accrual to cover the low end of the estimated range of possible losses. This accrual is immaterial to the overall financial position of CONSOL Energy and was included in Other Accrued Liabilities on the Consolidated Balance Sheets. | ||||||||||||||||||||
Kennedy Litigation: The Company is a party to a case filed on March 26, 2008 captioned Earl Kennedy (and others) v. CNX Gas Company and CONSOL Energy in the Court of Common Pleas of Greene County, Pennsylvania. The lawsuit alleges that CNX Gas Company and CONSOL Energy trespassed and converted gas and other minerals allegedly belonging to the plaintiffs in connection with wells drilled by CNX Gas Company. The complaint, as amended, seeks injunctive relief, including removing CNX Gas Company from the property, and compensatory damages of $20,000. The suit also sought to overturn existing law as to the ownership of coalbed methane in Pennsylvania, but that claim was dismissed by the court. The suit further sought a determination that the Pittsburgh 8 coal seam does not include the “roof/rider” coal. The court held a bench trial on the “roof/rider” coal issue in November 2011 and ruled in favor of CNX Gas Company and CONSOL Energy. On March 3, 2014, the Company won summary judgment on Counts 1 through 10 of the Amended Complaint, each relating to the alleged trespass of horizontal CBM wells into strata other than the Pittsburgh 8 Seam. The last remaining Count, seeking to quiet title to approximately 40 acres of Pittsburgh Seam coal, was nonsuited by Plaintiffs, without prejudice, on March 26, 2014. On March 28, 2014, Plaintiffs filed Notices of Appeal with the Pennsylvania Superior Court. On April 22, 2015, the Superior Court ruled in favor of the Company on all issues and affirmed each of the trial court orders and judgments that was appealed. | ||||||||||||||||||||
Rowland Litigation: Rowland Land Company filed a complaint in May 2011 against CONSOL Energy, CNX Gas Company, Dominion Resources Inc., and EQT Production Company (EQT) in Raleigh County Circuit Court, West Virginia. Rowland is the lessor on a 33,000 acre oil and gas lease in southern West Virginia. EQT was the original lessee, but farmed out the development of the lease to Dominion Resources in exchange for an overriding royalty. Dominion Resources sold the indirect subsidiary that held the lease to a subsidiary of CONSOL Energy on April 30, 2010. Subsequent to that acquisition, the subsidiary that held the lease was merged into CNX Gas Company as part of an internal reorganization. Rowland alleges that (i) Dominion Resources' sale of the subsidiary to CONSOL Energy was a change in control that required its consent under the terms of the farmout agreement and lease, and/or (ii) the subsequent merger of the subsidiary into CNX Gas Company was an assignment that required its consent under the lease. The parties have reached a settlement in principle of this matter, which will be dismissed with prejudice. | ||||||||||||||||||||
At March 31, 2015, CONSOL Energy has provided the following financial guarantees, unconditional purchase obligations and letters of credit to certain third parties, as described by major category in the following table. These amounts represent the maximum potential total of future payments that the Company could be required to make under these instruments. These amounts have not been reduced for potential recoveries under recourse or collateralization provisions. Generally, recoveries under reclamation bonds would be limited to the extent of the work performed at the time of the default. No amounts related to these financial guarantees and letters of credit are recorded as liabilities in the financial statements. CONSOL Energy management believes that these guarantees will expire without being funded, and therefore the commitments will not have a material adverse effect on financial condition. | ||||||||||||||||||||
Amount of Commitment Expiration Per Period | ||||||||||||||||||||
Total | Less Than | 1-3 Years | 3-5 Years | Beyond | ||||||||||||||||
Amounts | 1 Year | 5 Years | ||||||||||||||||||
Committed | ||||||||||||||||||||
Letters of Credit: | ||||||||||||||||||||
Employee-Related | $ | 94,947 | $ | 75,624 | $ | 19,323 | $ | — | $ | — | ||||||||||
Environmental | 4,786 | 4,186 | 600 | — | — | |||||||||||||||
Other | 164,347 | 164,347 | — | — | — | |||||||||||||||
Total Letters of Credit | 264,080 | 244,157 | 19,923 | — | — | |||||||||||||||
Surety Bonds: | ||||||||||||||||||||
Employee-Related | 181,720 | 181,720 | — | — | — | |||||||||||||||
Environmental | 553,656 | 545,391 | 8,265 | — | — | |||||||||||||||
Other | 24,454 | 24,449 | 4 | 1 | ||||||||||||||||
Total Surety Bonds | 759,830 | 751,560 | 8,269 | 1 | — | |||||||||||||||
Guarantees: | ||||||||||||||||||||
Coal | 108,550 | 83,500 | 25,050 | — | — | |||||||||||||||
Other | 84,421 | 42,119 | 16,939 | 12,649 | 12,714 | |||||||||||||||
Total Guarantees | 192,971 | 125,619 | 41,989 | 12,649 | 12,714 | |||||||||||||||
Total Commitments | $ | 1,216,881 | $ | 1,121,336 | $ | 70,181 | $ | 12,650 | $ | 12,714 | ||||||||||
Included in the above table are commitments and guarantees entered into in conjunction with the sale of Consolidation Coal Company and certain of its subsidiaries, which contain all five of its longwall coal mines in West Virginia, and its river operations to a subsidiary of Murray Energy Corporation (Murray Energy). As part of the sales agreement, CONSOL Energy has guaranteed certain equipment lease obligations and coal sales agreements that were assumed by Murray Energy. In the event that Murray Energy would default on the obligations defined in the agreements, CONSOL Energy would be required to perform under the guarantees. If CONSOL Energy would be required to perform, the stock purchase agreement provides various recourse actions. At March 31, 2015, the fair value of these guarantees was $1,275 and are included in Other Accrued Liabilities on the Consolidated Balance Sheets. The fair value of certain of the guarantees was determined using CONSOL Energy’s risk adjusted interest rate. Significant increases or decreases in the risk-adjusted interest rates may result in a significantly higher or lower fair value measurement. Coal sales agreement guarantees were valued based on an evaluation of coal market pricing compared to contracted sales price and includes an adjustment for nonperformance risk. No other amounts related to financial guarantees and letters of credit are recorded as liabilities in the financial statements. Significant judgment is required in determining the fair value of these guarantees. The guarantees of the leases and sales agreements are classified within Level 3 of the fair value hierarchy. | ||||||||||||||||||||
CONSOL Energy regularly evaluates the likelihood of default for all guarantees based on an expected loss analysis and records the fair value, if any, of its guarantees as an obligation in the consolidated financial statements. | ||||||||||||||||||||
CONSOL Energy and CNX Gas Company enter into long-term unconditional purchase obligations to procure major equipment purchases, natural gas firm transportation, gas drilling services and other operating goods and services. These purchase obligations are not recorded on the Consolidated Balance Sheets. As of March 31, 2015, the purchase obligations for each of the next five years and beyond were as follows: | ||||||||||||||||||||
Obligations Due | Amount | |||||||||||||||||||
Less than 1 year | $ | 263,985 | ||||||||||||||||||
1 - 3 years | 314,084 | |||||||||||||||||||
3 - 5 years | 197,923 | |||||||||||||||||||
More than 5 years | 626,620 | |||||||||||||||||||
Total Purchase Obligations | $ | 1,402,612 | ||||||||||||||||||
Derivative_Instruments_Tables
Derivative Instruments (Tables) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||||||
Schedule of Derivative Instruments | he derivative instruments in which CONSOL Energy discontinued cash flow hedging had an effect on the Consolidated Statements of Income and the Consolidated Statements of Stockholders' Equity, net of tax, as follows: | |||||||
Three Months Ended March 31, | ||||||||
2015 | 2014 | |||||||
Natural Gas Price Swaps and Options | ||||||||
Beginning Balance – Accumulated OCI | $ | 121,521 | $ | 42,493 | ||||
Loss recognized in Accumulated OCI | — | (46,965 | ) | |||||
Less: Gain (Loss) reclassified from Accumulated OCI (Net of tax: $11,213, ($10,951)) | 19,314 | (16,313 | ) | |||||
Ending Balance – Accumulated OCI | $ | 102,207 | $ | 11,841 | ||||
Gain recognized in Outside Sales for ineffectiveness * | $ | — | $ | 355 | ||||
* No amounts were excluded from effectiveness testing of cash flow hedges. | ||||||||
CONSOL Energy expects to reclassify an additional $58,737, net of tax of $33,841, out of Accumulated Other Comprehensive Income over the remaining period ended December 31, 2015. |
Fair_Value_of_Financial_Instru1
Fair Value of Financial Instruments (Tables) | 3 Months Ended | |||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ||||||||||||||||||||||||
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | The financial instruments measured at fair value on a recurring basis are summarized below: | |||||||||||||||||||||||
Fair Value Measurements at March 31, 2015 | Fair Value Measurements at December 31, 2014 | |||||||||||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||||||
Gas Derivatives | $ | — | $ | 222,547 | $ | — | $ | — | $ | 193,069 | $ | — | ||||||||||||
Murray Energy Guarantees | $ | — | $ | — | $ | 1,275 | $ | — | $ | — | $ | 1,275 | ||||||||||||
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block] | ||||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||
Carrying | Fair | Carrying | Fair | |||||||||||||||||||||
Amount | Value | Amount | Value | |||||||||||||||||||||
Cash and Cash Equivalents | $ | 5,318 | $ | 5,318 | $ | 176,989 | $ | 176,989 | ||||||||||||||||
Short-Term Notes Payable | $ | (760,500 | ) | $ | (760,500 | ) | $ | — | $ | — | ||||||||||||||
Borrowings Under Securitization Facility | $ | (32,669 | ) | $ | (32,669 | ) | $ | — | $ | — | ||||||||||||||
Long-Term Debt | $ | (2,566,757 | ) | $ | (2,398,682 | ) | $ | (3,241,474 | ) | $ | (3,169,154 | ) |
Segment_Information_Tables
Segment Information (Tables) | 3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mar. 31, 2015 | Mar. 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Industry segment results | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Marcellus | Utica Shale | Coalbed Methane | Other | Total | PA Operations | VA Operations | Other | Total Coal | All | Corporate, | Consolidated | Marcellus | Utica | Coalbed Methane | Other | Total E&P | PA Operations | VA Operations | Other | Total | All | Corporate, | Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shale | Gas | E&P | Coal | Other | Adjustments | Shale | Gas | Coal | Coal | Other | Adjustments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
& | & | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Eliminations | Eliminations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales—outside | $ | 137,360 | $ | 18,603 | $ | 74,984 | $ | 23,633 | $ | 254,580 | $ | 384,437 | $ | 80,515 | $ | 31,714 | $ | 496,666 | $ | — | $ | — | $ | 751,246 | (A) | Sales—outside | $ | 124,957 | $ | 7,031 | $ | 96,071 | $ | 38,239 | $ | 266,298 | $ | 412,081 | $ | 84,505 | $ | 38,095 | $ | 534,681 | $ | — | $ | — | $ | 800,979 | (D) | |||||||||||||||||||||||||||||||||||||||||||||||
Other outside sales | — | — | — | — | — | — | — | 13,130 | 13,130 | — | — | 13,130 | Other outside sales | — | — | — | — | — | — | — | 10,483 | 10,483 | 58,804 | — | 69,287 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales—purchased gas | — | — | — | 3,597 | 3,597 | — | — | — | — | — | — | 3,597 | Sales—purchased gas | — | — | — | 3,574 | 3,574 | — | — | — | — | — | — | 3,574 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales—gas royalty interests | — | — | — | 14,859 | 14,859 | — | — | — | — | — | — | 14,859 | Sales—gas royalty interests | — | — | — | 26,645 | 26,645 | — | — | — | — | — | — | 26,645 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Freight—outside | — | — | — | — | — | 2,369 | — | 4,156 | 6,525 | — | — | 6,525 | Freight—outside | — | — | — | — | — | 7,430 | 358 | 2,157 | 9,945 | — | — | 9,945 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intersegment transfers | — | — | 547 | — | 547 | — | — | — | — | — | (547 | ) | — | Intersegment transfers | — | — | 897 | — | 897 | — | — | — | — | 19,311 | (20,208 | ) | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Sales and Freight | $ | 137,360 | $ | 18,603 | $ | 75,531 | $ | 42,089 | $ | 273,583 | $ | 386,806 | $ | 80,515 | $ | 49,000 | $ | 516,321 | $ | — | $ | (547 | ) | $ | 789,357 | Total Sales and Freight | $ | 124,957 | $ | 7,031 | $ | 96,968 | $ | 68,458 | $ | 297,414 | $ | 419,511 | $ | 84,863 | $ | 50,735 | $ | 555,109 | $ | 78,115 | $ | (20,208 | ) | $ | 910,430 | |||||||||||||||||||||||||||||||||||||||||||||||
Earnings (Loss) Before Income Taxes | $ | 42,244 | $ | (5,053 | ) | $ | 14,732 | $ | 24,068 | $ | 75,991 | $ | 98,402 | $ | 22,567 | $ | (15,087 | ) | $ | 105,882 | $ | 102 | $ | (128,548 | ) | $ | 53,427 | (B) | Earnings (Loss) Before Income Taxes | $ | 59,105 | $ | 539 | $ | 33,619 | $ | (13,519 | ) | $ | 79,744 | $ | 132,790 | $ | (881 | ) | $ | (21,510 | ) | $ | 110,399 | $ | (1,737 | ) | $ | (58,227 | ) | $ | 130,179 | (E) | |||||||||||||||||||||||||||||||||||||||
Segment assets | $ | 7,530,979 | $ | 2,100,349 | $ | 344,098 | $ | 1,583,303 | $ | 4,027,750 | $ | 78,553 | $ | 144,114 | $ | 11,781,396 | (C) | Segment assets | $ | 6,521,994 | $ | 2,027,866 | $ | 372,745 | $ | 1,865,849 | $ | 4,266,460 | $ | 193,679 | $ | 602,342 | $ | 11,584,475 | (F) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Depreciation, depletion and amortization | $ | 85,104 | $ | 44,850 | $ | 11,975 | $ | 8,658 | $ | 65,483 | $ | 7 | $ | — | $ | 150,594 | Depreciation, depletion and amortization | $ | 71,729 | $ | 35,162 | $ | 11,712 | $ | 9,992 | $ | 56,866 | $ | 521 | $ | — | $ | 129,116 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital expenditures | $ | 250,303 | $ | 32,936 | $ | 6,234 | $ | 1,671 | $ | 40,841 | $ | 2,875 | $ | — | $ | 294,019 | Capital expenditures | $ | 265,970 | $ | 174,194 | $ | 6,242 | $ | 3,647 | $ | 184,083 | $ | 976 | $ | — | $ | 451,029 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(A) Included in the Coal segment are sales of $120,577 to Xcoal Energy & Resources and sales of $84,623 to Duke Energy, each comprising over 10% of sales. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(B) Includes equity in earnings of unconsolidated affiliates of $8,377, $2,938 and $8 for E&P, Coal and All Other, respectively. | (D) | Included in the Coal segment are sales of $118,884 to Xcoal Energy & Resources, which comprises over 10% of sales. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(C) Includes investments in unconsolidated equity affiliates of $158,091 and $34,182 for E&P and Coal, respectively. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(E) | Includes equity in earnings of unconsolidated affiliates of $5,814, $2,860 and $(1,224) for E&P, Coal and All Other, respectively. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(F) Includes investments in unconsolidated equity affiliates of $223,874, $84,864 and $387 for E&P, Coal and All Other, respectively. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reconciliation of Revenue and Operating Income from Segments to Consolidated | Earnings Before Income Taxes: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Three Months Ended March 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2015 | 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Earnings Before Income Taxes for total reportable business segments | $ | 181,873 | $ | 190,143 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Earnings Before Income Taxes for all other businesses | 102 | (1,737 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest (expense), net (G) | (55,122 | ) | (50,931 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Evaluation fees for non-core asset dispositions (G) | (788 | ) | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other corporate items (G) | (4,904 | ) | (7,296 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss on debt extinguishment | (67,734 | ) | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Before Income Taxes | $ | 53,427 | $ | 130,179 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reconciliation of Assets and Liabilities from Segment to Consolidated | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Assets: | March 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2015 | 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment assets for total reportable business segments | $ | 11,558,729 | $ | 10,788,454 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment assets for all other businesses | 78,553 | 193,679 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Items excluded from segment assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash and other investments (G) | 5,252 | 300,090 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoverable income taxes | 20,567 | 4,434 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred tax assets | 74,725 | 265,226 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bond issuance costs | 43,570 | 32,592 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Consolidated Assets | $ | 11,781,396 | $ | 11,584,475 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
_________________________ | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(G) Excludes amounts specifically related to the E&P segment. |
Guarantor_Subsidiaries_Financi
Guarantor Subsidiaries Financial Information (Tables) | 3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||
Mar. 31, 2015 | Mar. 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||
Condensed Financial Statements, Captions [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||
Guarantor FInancial Statements [Table Text Block] [Table Text Block] | Income Statement for the Three Months Ended March 31, 2014 (unaudited): | |||||||||||||||||||||||||||||||||||||||||||||||
Parent | CNX Gas | Other | Non- | Elimination | Consolidated | |||||||||||||||||||||||||||||||||||||||||||
Issuer | Guarantor | Subsidiary | Guarantors | |||||||||||||||||||||||||||||||||||||||||||||
Guarantors | ||||||||||||||||||||||||||||||||||||||||||||||||
Revenues and Other Income: | ||||||||||||||||||||||||||||||||||||||||||||||||
Natural Gas, NGLs and Oil Sales | $ | — | $ | 267,194 | $ | — | $ | — | $ | (896 | ) | $ | 266,298 | |||||||||||||||||||||||||||||||||||
Coal Sales | — | — | 534,681 | — | — | 534,681 | ||||||||||||||||||||||||||||||||||||||||||
Other Outside Sales | — | — | 10,483 | 58,804 | — | 69,287 | ||||||||||||||||||||||||||||||||||||||||||
Gas Royalty Interests and Purchased Gas Sales | — | 30,219 | — | — | — | 30,219 | ||||||||||||||||||||||||||||||||||||||||||
Freight-Outside Coal | — | — | 9,945 | — | — | 9,945 | ||||||||||||||||||||||||||||||||||||||||||
Miscellaneous Other Income | 169,567 | 28,157 | 24,813 | 2,302 | (169,785 | ) | 55,054 | |||||||||||||||||||||||||||||||||||||||||
Gain (Loss) on Sale of Assets | — | 3,152 | 514 | 3 | — | 3,669 | ||||||||||||||||||||||||||||||||||||||||||
Total Revenue and Other Income | 169,567 | 328,722 | 580,436 | 61,109 | (170,681 | ) | 969,153 | |||||||||||||||||||||||||||||||||||||||||
Costs and Expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||
Exploration and Production Costs | ||||||||||||||||||||||||||||||||||||||||||||||||
Lease Operating Expense | — | 29,243 | — | — | — | 29,243 | ||||||||||||||||||||||||||||||||||||||||||
Transportation, Gathering and Compression | — | 53,782 | — | — | — | 53,782 | ||||||||||||||||||||||||||||||||||||||||||
Production, Ad Valorem, and Other Fees | — | 10,187 | — | — | — | 10,187 | ||||||||||||||||||||||||||||||||||||||||||
Direct Administrative and Selling | — | 11,653 | — | — | — | 11,653 | ||||||||||||||||||||||||||||||||||||||||||
Depreciation, Depletion and Amortization | — | 71,729 | — | — | — | 71,729 | ||||||||||||||||||||||||||||||||||||||||||
Exploration and Production Related Other Costs | — | 3,099 | — | — | — | 3,099 | ||||||||||||||||||||||||||||||||||||||||||
Production Royalty Interests and Purchased Gas Costs | — | 26,108 | — | — | (12 | ) | 26,096 | |||||||||||||||||||||||||||||||||||||||||
Other Corporate Expenses | — | 26,164 | — | — | — | 26,164 | ||||||||||||||||||||||||||||||||||||||||||
General and Administrative | — | 17,364 | — | — | — | 17,364 | ||||||||||||||||||||||||||||||||||||||||||
Total Exploration and Production Costs | — | 249,329 | — | — | (12 | ) | 249,317 | |||||||||||||||||||||||||||||||||||||||||
Coal Costs | ||||||||||||||||||||||||||||||||||||||||||||||||
Operating and Other Costs | 11,031 | — | 323,675 | — | (896 | ) | 333,810 | |||||||||||||||||||||||||||||||||||||||||
Royalties and Production Taxes | — | — | 26,488 | — | — | 26,488 | ||||||||||||||||||||||||||||||||||||||||||
Direct Administrative and Selling | — | — | 11,542 | — | — | 11,542 | ||||||||||||||||||||||||||||||||||||||||||
Depreciation, Depletion and Amortization | 156 | — | 56,710 | — | — | 56,866 | ||||||||||||||||||||||||||||||||||||||||||
Freight Expense | — | — | 9,945 | — | — | 9,945 | ||||||||||||||||||||||||||||||||||||||||||
General and Administrative Costs | — | — | 12,709 | — | — | 12,709 | ||||||||||||||||||||||||||||||||||||||||||
Other Corporate Expenses | 19,295 | — | — | — | — | 19,295 | ||||||||||||||||||||||||||||||||||||||||||
Total Coal Costs | 30,482 | — | 441,069 | — | (896 | ) | 470,655 | |||||||||||||||||||||||||||||||||||||||||
Other Costs | ||||||||||||||||||||||||||||||||||||||||||||||||
Miscellaneous Operating Expense | 7,237 | — | 288 | 58,671 | 1,144 | 67,340 | ||||||||||||||||||||||||||||||||||||||||||
General and Administrative Costs | — | — | 210 | — | — | 210 | ||||||||||||||||||||||||||||||||||||||||||
Depreciation, Depletion and Amortization | 6 | — | 42 | 473 | — | 521 | ||||||||||||||||||||||||||||||||||||||||||
Interest Expense | 48,433 | 1,809 | 1,584 | 63 | (958 | ) | 50,931 | |||||||||||||||||||||||||||||||||||||||||
Total Other Costs | 55,676 | 1,809 | 2,124 | 59,207 | 186 | 119,002 | ||||||||||||||||||||||||||||||||||||||||||
Total Costs And Expenses | 86,158 | 251,138 | 443,193 | 59,207 | (722 | ) | 838,974 | |||||||||||||||||||||||||||||||||||||||||
Earnings Before Income Tax | 83,409 | 77,584 | 137,243 | 1,902 | (169,959 | ) | 130,179 | |||||||||||||||||||||||||||||||||||||||||
Income Taxes | (32,594 | ) | 30,714 | 9,649 | 720 | — | 8,489 | |||||||||||||||||||||||||||||||||||||||||
Income From Continuing Operations | 116,003 | 46,870 | 127,594 | 1,182 | (169,959 | ) | 121,690 | |||||||||||||||||||||||||||||||||||||||||
Income From Discontinued Operations, net | — | — | — | (5,687 | ) | — | (5,687 | ) | ||||||||||||||||||||||||||||||||||||||||
Net Income (Loss) | $ | 116,003 | $ | 46,870 | $ | 127,594 | $ | (4,505 | ) | $ | (169,959 | ) | $ | 116,003 | ||||||||||||||||||||||||||||||||||
Guarantor Condensed Cash Flow [Table Text Block] | Cash Flow for the Three Months Ended March 31, 2014 (unaudited): | |||||||||||||||||||||||||||||||||||||||||||||||
Parent | CNX Gas | Other Subsidiary Guarantors | Non- | Elimination | Consolidated | |||||||||||||||||||||||||||||||||||||||||||
Guarantor | Guarantors | |||||||||||||||||||||||||||||||||||||||||||||||
Net Cash Provided by (Used in) Continuing Operations | $ | (11,711 | ) | $ | 219,148 | $ | 108,944 | $ | 14,160 | $ | 19,400 | $ | 349,941 | |||||||||||||||||||||||||||||||||||
Net Cash Used In Discontinued Operating Activities | — | — | — | (13,839 | ) | — | (13,839 | ) | ||||||||||||||||||||||||||||||||||||||||
Net Cash Provided by (Used in) Operating Activities | $ | (11,711 | ) | $ | 219,148 | $ | 108,944 | $ | 321 | $ | 19,400 | $ | 336,102 | |||||||||||||||||||||||||||||||||||
Cash Flows from Investing Activities: | ||||||||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures | $ | (531 | ) | $ | (265,970 | ) | $ | (184,508 | ) | $ | — | $ | — | $ | (451,009 | ) | ||||||||||||||||||||||||||||||||
Proceeds From Sales of Assets | — | 49,470 | 76,055 | 3 | — | 125,528 | ||||||||||||||||||||||||||||||||||||||||||
(Investments in), net of Distributions from, Equity Affiliates | — | (12,000 | ) | 2,000 | — | — | (10,000 | ) | ||||||||||||||||||||||||||||||||||||||||
Net Cash (Used in) Provided by Continuing Operations | $ | (531 | ) | $ | (228,500 | ) | $ | (106,453 | ) | $ | 3 | $ | — | $ | (335,481 | ) | ||||||||||||||||||||||||||||||||
Cash Flows from Financing Activities: | ||||||||||||||||||||||||||||||||||||||||||||||||
Payments on Miscellaneous Borrowings | $ | (495 | ) | $ | — | $ | (3,947 | ) | $ | (228 | ) | $ | — | $ | (4,670 | ) | ||||||||||||||||||||||||||||||||
Payments on Short-Term Borrowings | — | 19,400 | — | — | (19,400 | ) | — | |||||||||||||||||||||||||||||||||||||||||
Tax Benefit from Stock-Based Compensation | 92 | — | — | — | — | 92 | ||||||||||||||||||||||||||||||||||||||||||
Dividends (Paid) | (14,351 | ) | — | — | — | — | (14,351 | ) | ||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Common Stock | 4,976 | — | — | — | — | 4,976 | ||||||||||||||||||||||||||||||||||||||||||
Treasury Stock Activity | (1 | ) | — | — | — | — | (1 | ) | ||||||||||||||||||||||||||||||||||||||||
Other Financing Activities | — | (1,456 | ) | 1,456 | — | — | — | |||||||||||||||||||||||||||||||||||||||||
Net Cash (Used in) Provided by Continuing Operations | $ | (9,779 | ) | $ | 17,944 | $ | (2,491 | ) | $ | (228 | ) | $ | (19,400 | ) | $ | (13,954 | ) | |||||||||||||||||||||||||||||||
Guarantor Condensed Comprehensive Income [Table Text Block] | Statement of Comprehensive Income for the Three Months Ended March 31, 2014 (Unaudited): | |||||||||||||||||||||||||||||||||||||||||||||||
Parent | CNX Gas | Other Subsidiary Guarantors | Non- | Elimination | Consolidated | |||||||||||||||||||||||||||||||||||||||||||
Guarantor | Guarantors | |||||||||||||||||||||||||||||||||||||||||||||||
Net Income (Loss) | $ | 116,003 | $ | 46,870 | $ | 127,594 | $ | (4,505 | ) | $ | (169,959 | ) | $ | 116,003 | ||||||||||||||||||||||||||||||||||
Other Comprehensive (Loss) Income: | ||||||||||||||||||||||||||||||||||||||||||||||||
Actuarially Determined Long-Term Liability Adjustments | 5,119 | — | 5,119 | — | (5,119 | ) | 5,119 | |||||||||||||||||||||||||||||||||||||||||
Net (Decrease) Increase in the Value of Cash Flow Hedge | (46,965 | ) | (46,965 | ) | — | — | 46,965 | (46,965 | ) | |||||||||||||||||||||||||||||||||||||||
Reclassification of Cash Flow Hedge from OCI to Earnings | 16,313 | 16,313 | — | — | (16,313 | ) | 16,313 | |||||||||||||||||||||||||||||||||||||||||
Other Comprehensive (Loss) Income: | (25,533 | ) | (30,652 | ) | 5,119 | — | 25,533 | (25,533 | ) | |||||||||||||||||||||||||||||||||||||||
Comprehensive Income (Loss) | $ | 90,470 | $ | 16,218 | $ | 132,713 | $ | (4,505 | ) | $ | (144,426 | ) | $ | 90,470 | ||||||||||||||||||||||||||||||||||
Guarantor Balance Sheet [Table Text Block] | Balance Sheet at December 31, 2014: | |||||||||||||||||||||||||||||||||||||||||||||||
Parent | CNX Gas | Other | Non- | Elimination | Consolidated | |||||||||||||||||||||||||||||||||||||||||||
Issuer | Guarantor | Subsidiary | Guarantors | |||||||||||||||||||||||||||||||||||||||||||||
Guarantors | ||||||||||||||||||||||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||||||||||||||||||||||
Current Assets: | ||||||||||||||||||||||||||||||||||||||||||||||||
Cash and Cash Equivalents | $ | 145,239 | $ | 30,682 | $ | — | $ | 1,068 | $ | — | $ | 176,989 | ||||||||||||||||||||||||||||||||||||
Accounts and Notes Receivable: | ||||||||||||||||||||||||||||||||||||||||||||||||
Trade | — | 117,912 | — | 141,905 | — | 259,817 | ||||||||||||||||||||||||||||||||||||||||||
Other Receivables | 25,497 | 309,247 | 12,390 | 12 | — | 347,146 | ||||||||||||||||||||||||||||||||||||||||||
Inventories | — | 14,748 | 87,125 | — | — | 101,873 | ||||||||||||||||||||||||||||||||||||||||||
Recoverable Income Taxes | 79,426 | (59,025 | ) | — | — | — | 20,401 | |||||||||||||||||||||||||||||||||||||||||
Deferred Income Taxes | 99,776 | (33,207 | ) | — | — | — | 66,569 | |||||||||||||||||||||||||||||||||||||||||
Prepaid Expenses | 38,418 | 129,796 | 25,341 | — | — | 193,555 | ||||||||||||||||||||||||||||||||||||||||||
Total Current Assets | 388,356 | 510,153 | 124,856 | 142,985 | — | 1,166,350 | ||||||||||||||||||||||||||||||||||||||||||
Property, Plant and Equipment: | ||||||||||||||||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 158,555 | 8,066,308 | 6,449,914 | — | — | 14,674,777 | ||||||||||||||||||||||||||||||||||||||||||
Less-Accumulated Depreciation, Depletion and Amortization | 108,432 | 1,497,569 | 2,906,304 | — | — | 4,512,305 | ||||||||||||||||||||||||||||||||||||||||||
Total Property, Plant and Equipment-Net | 50,123 | 6,568,739 | 3,543,610 | — | — | 10,162,472 | ||||||||||||||||||||||||||||||||||||||||||
Other Assets: | ||||||||||||||||||||||||||||||||||||||||||||||||
Investment in Affiliates | 12,571,886 | 121,721 | 27,544 | — | (12,568,193 | ) | 152,958 | |||||||||||||||||||||||||||||||||||||||||
Other | 172,884 | 71,339 | 33,527 | — | — | 277,750 | ||||||||||||||||||||||||||||||||||||||||||
Total Other Assets | 12,744,770 | 193,060 | 61,071 | — | (12,568,193 | ) | 430,708 | |||||||||||||||||||||||||||||||||||||||||
Total Assets | $ | 13,183,249 | $ | 7,271,952 | $ | 3,729,537 | $ | 142,985 | $ | (12,568,193 | ) | $ | 11,759,530 | |||||||||||||||||||||||||||||||||||
Liabilities and Equity: | ||||||||||||||||||||||||||||||||||||||||||||||||
Current Liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||
Accounts Payable | $ | 86,313 | $ | 385,381 | $ | 60,279 | $ | — | $ | — | $ | 531,973 | ||||||||||||||||||||||||||||||||||||
Accounts Payable (Recoverable)-Related Parties | 4,499,174 | 182,758 | (5,333,209 | ) | (68,873 | ) | 720,150 | — | ||||||||||||||||||||||||||||||||||||||||
Current Portion of Long-Term Debt | 2,485 | 6,602 | 3,929 | — | — | 13,016 | ||||||||||||||||||||||||||||||||||||||||||
Short-Term Notes Payable | — | 720,150 | — | — | (720,150 | ) | — | |||||||||||||||||||||||||||||||||||||||||
Other Accrued Liabilities | 119,484 | 172,787 | 310,701 | — | — | 602,972 | ||||||||||||||||||||||||||||||||||||||||||
Total Current Liabilities | 4,707,456 | 1,467,678 | (4,958,300 | ) | (68,873 | ) | — | 1,147,961 | ||||||||||||||||||||||||||||||||||||||||
Long-Term Debt: | 3,124,129 | 37,342 | 114,407 | — | — | 3,275,878 | ||||||||||||||||||||||||||||||||||||||||||
Deferred Credits and Other Liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||
Deferred Income Taxes | (148,925 | ) | 474,517 | — | — | — | 325,592 | |||||||||||||||||||||||||||||||||||||||||
Postretirement Benefits Other Than Pensions | — | — | 703,680 | — | — | 703,680 | ||||||||||||||||||||||||||||||||||||||||||
Pneumoconiosis Benefits | — | — | 116,941 | — | — | 116,941 | ||||||||||||||||||||||||||||||||||||||||||
Mine Closing | — | — | 306,789 | — | — | 306,789 | ||||||||||||||||||||||||||||||||||||||||||
Gas Well Closing | — | 116,930 | 58,439 | — | — | 175,369 | ||||||||||||||||||||||||||||||||||||||||||
Workers’ Compensation | — | — | 75,947 | — | — | 75,947 | ||||||||||||||||||||||||||||||||||||||||||
Salary Retirement | 109,956 | — | — | — | — | 109,956 | ||||||||||||||||||||||||||||||||||||||||||
Reclamation | — | — | 33,788 | — | — | 33,788 | ||||||||||||||||||||||||||||||||||||||||||
Other | 61,175 | 94,378 | 2,618 | — | — | 158,171 | ||||||||||||||||||||||||||||||||||||||||||
Total Deferred Credits and Other Liabilities | 22,206 | 685,825 | 1,298,202 | — | — | 2,006,233 | ||||||||||||||||||||||||||||||||||||||||||
Total CONSOL Energy Inc. Stockholders’ Equity | 5,329,458 | 5,081,107 | 7,275,228 | 211,858 | (12,568,193 | ) | 5,329,458 | |||||||||||||||||||||||||||||||||||||||||
Total Liabilities and Equity | $ | 13,183,249 | $ | 7,271,952 | $ | 3,729,537 | $ | 142,985 | $ | (12,568,193 | ) | $ | 11,759,530 | |||||||||||||||||||||||||||||||||||
Basis_of_Presentation_AntiDilu
Basis of Presentation Anti-Dilutive Options and Units Exluded from Earnings Per Share (Details) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Antidilutive securities excluded from the computation of diluted earnings per share | 2,722,254 | 359,488 |
Antidilutive Options [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Antidilutive securities excluded from the computation of diluted earnings per share | 1,834,432 | 359,488 |
Restricted Stock Units (RSUs) [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Antidilutive securities excluded from the computation of diluted earnings per share | 85,018 | 0 |
Performance Options [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Antidilutive securities excluded from the computation of diluted earnings per share | 802,804 | 0 |
Basis_of_Presentation_Sharebas
Basis of Presentation Share-based Compensation (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 1,022,167 | 978,709 |
Performance Share Units [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Equity awards other than options, vested | 497,134 | 378,971 |
Employee Stock Option [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Options Exercised | 76,028 | 265,339 |
Share-based comp Options Granted Weighted average exercise price | 22.75 | 18.74 |
Restricted Stock [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Equity awards other than options, vested | 449,005 | 334,399 |
Basis_of_Presentation_Earnings
Basis of Presentation Earnings Per Share (Details) (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Income (Loss) from Continuing Operations Attributable to Parent | $79,030 | $121,690 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | -5,687 |
Net Income (Loss) | $79,030 | $116,003 |
Weighted average shares of common stock outstanding: | ||
Basic | 229,734,412 | 229,526,033 |
Effect of stock-based compensation awards | 712,287 | 1,341,493 |
Dilutive | 230,446,699 | 230,867,526 |
Earnings Per Share: | ||
Income (Loss) from Continuing Operations, Per Basic Share | $0.34 | $0.53 |
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share | $0 | ($0.02) |
Earnings Per Share, Basic | $0.34 | $0.51 |
Income (Loss) from Continuing Operations, Per Diluted Share | $0.34 | $0.53 |
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share | $0 | ($0.03) |
Earnings Per Share, Diluted | $0.34 | $0.50 |
Basis_of_Presentation_Changes_
Basis of Presentation Changes in Accumulated Other Comprehensive Income / (Loss) by component (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2015 | Dec. 31, 2014 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | ($170,563) | ($151,100) | ||
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 0 | -46,965 | ||
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | -19,314 | 16,313 | 58,737 | |
Other Comprehensive Income (Loss), Net of Tax | -19,463 | -25,533 | ||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | -149 | 5,119 | ||
Accumulated Other Comprehensive Income (Loss) [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | -170,563 | -151,100 | ||
Other Comprehensive Income (Loss), Net of Tax | -19,463 | |||
Amounts reclassified from accumulated other comprehensive income | -19,463 | |||
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | 102,207 | 121,521 | ||
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | -19,314 | |||
Accumulated Defined Benefit Plans Adjustment [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | -272,770 | -272,621 | ||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | ($149) |
Basis_of_Presentation_Reclassi
Basis of Presentation Reclassification of adjustments out of Accumulated Other Comprehensive Loss (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Natural Gas Swaps | ($30,527) | $27,264 |
Tax Benefit of Natural Gas Swaps | 11,213 | -10,951 |
Natural Gas Swaps, Net of Tax | -19,314 | 16,313 |
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | -14,812 | -2,542 |
Defined Benefit Plan, Amortization of Gains (Losses) | 14,573 | 10,646 |
Defined Benefit Plan, Net Periodic Benefit Cost | -239 | 8,104 |
Tax Expense on Actuarially Determined Long-Term Liabilities | 90 | -2,985 |
Actuarially Determined Long-Term Liability Adjustments, Net of Tax | -149 | 5,119 |
Pension Plans, Defined Benefit [Member] | ||
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | -176 | -346 |
Defined Benefit Plan, Amortization of Gains (Losses) | 6,939 | 5,891 |
Defined Benefit Plan, Net Periodic Benefit Cost | $5,004 | $6,257 |
Dispositions_Details
Dispositions (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 |
Significant Acquisitions and Disposals [Line Items] | ||||
Benefit Obligations Assumed By Murray Energy | $2,050,656 | |||
Proceeds from Sale of Property, Plant, and Equipment | 825,285 | |||
Gain (Loss) on Disposition of Assets | 2,165 | 3,669 | ||
Gain (Loss) on Sale of Property Plant Equipment | -1,035,346 | |||
Restructuring Costs | 24,715 | |||
Working Capital Adjustment | 7,044 | |||
Industrial Supplies [Member] | ||||
Significant Acquisitions and Disposals [Line Items] | ||||
Proceeds from Sale of Property, Plant, and Equipment | 51,000 | |||
cash flow from investing | 44,035 | |||
future cash flow consideration | 6,000 | |||
Gain (Loss) on Disposition of Assets | 30,845 | |||
Bailey Longwall Shields [Member] | ||||
Significant Acquisitions and Disposals [Line Items] | ||||
Proceeds from Sale of Property, Plant, and Equipment | $75,357 | |||
Dominion Acquisition Member | ||||
Significant Acquisitions and Disposals [Line Items] | ||||
Gas and Oil Area, Undeveloped, Gross | 90,000 |
Acquisitions_Details
Acquisitions (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2014 | |
acre | |||||
Business Acquisition [Line Items] | |||||
Payments to Acquire Property, Plant, and Equipment | $294,019,000 | $451,009,000 | |||
Gain (Loss) on Sale of Property Plant Equipment | 1,035,346,000 | ||||
Columbia Energy Ventures [Member] | |||||
Business Acquisition [Line Items] | |||||
Business Acquisition, Transaction Costs | 96,106 | ||||
Payments to Acquire Property, Plant, and Equipment | 15,216 | ||||
Gas and Oil Area, Undeveloped, Gross | 20,000 | ||||
Other Liabilities, Current | 34,317 | 49,533 | |||
Other Long-term Debt, Noncurrent | 40,286 | 40,286 | |||
Dominion Acquisition Member | |||||
Business Acquisition [Line Items] | |||||
Business Combination, Contingent Consideration Arrangements, Change in Range of Outcomes, Contingent Consideration, Liability, Value, High | 190,000,000 | ||||
Reimbursement From JV Partner | 0.5 | ||||
Payments to Acquire Property, Plant, and Equipment | 12,000,000 | 91,243,000 | |||
Gas and Oil Area, Undeveloped, Gross | 90,000 | ||||
Allegheny County Airport b Allegheny County Airport [Member] | |||||
Business Acquisition [Line Items] | |||||
Reimbursement From JV Partner | $0.50 |
Other_Income_Details
Other Income (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Component of Operating Income [Abstract] | ||
Proceeds from Contributions from Affiliates | $11,323 | $7,450 |
Rental Income, Nonoperating | 9,598 | 14,908 |
Gas Gathering, Transportation, Marketing and Processing Revenue | 6,095 | 18,730 |
Royalty Revenue | 4,545 | 5,279 |
Right of Way Income | 2,528 | 1,900 |
Interest Income, Other | 1,143 | 624 |
Other Nonoperating Income | 2,834 | 6,163 |
Other Income (including equity earnings) | $38,066 | $55,054 |
Pension_and_OPEB_Periodic_Cost2
Pension and OPEB - Periodic Cost (Details) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | |||
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | ($14,812) | ($2,542) | |
Amortization of actuarial gain | 14,573 | 10,646 | |
Defined Benefit Plan, Net Periodic Benefit Cost | -239 | 8,104 | |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | -149 | 5,119 | |
Deferred Income Taxes | 74,725 | 66,569 | |
Pension Plan [Member] | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | |||
Service cost | 2,350 | 4,308 | |
Interest cost | 8,580 | 9,151 | |
Expected return on plan assets | -12,689 | -12,747 | |
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | -176 | -346 | |
Amortization of actuarial gain | 6,939 | 5,891 | |
Defined Benefit Plan, Net Periodic Benefit Cost | 5,004 | 6,257 | |
Pension Contributions | 2,215 | ||
Other Postretirement Benefit Plan [Member] | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | |||
Service cost | 0 | 2,331 | |
Interest cost | 6,995 | 12,097 | |
Expected return on plan assets | 0 | 0 | |
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | -14,636 | -2,196 | |
Amortization of actuarial gain | 8,926 | 6,369 | |
Defined Benefit Plan, Net Periodic Benefit Cost | 1,285 | 18,601 | |
Defined Benefit Plan, Benefits Paid | $14,333 |
CWP_and_Workers_Comp_Net_Perio2
CWP and Workers Comp - Net Periodic Costs (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Amortization of actuarial gain | $14,573 | $10,646 |
Defined Benefit Plan, Net Periodic Benefit Cost | -239 | 8,104 |
Workers Compensation [Member] | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Interest cost | 799 | 894 |
Amortization of actuarial gain | -8 | -95 |
Defined Benefit Plan, Net Periodic Benefit Cost | 4,041 | 4,355 |
Payments for workers compensation benefits, state administrative fees and surety bond premiums | 5,306 | |
State administrative fees and insurance bond premiums | 903 | 1,111 |
Service cost | 2,347 | 2,445 |
Coal Workers Pneumoconiosis [Member] | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Interest cost | 1,279 | 1,384 |
Amortization of actuarial gain | -1,394 | -1,549 |
Defined Benefit Plan, Net Periodic Benefit Cost | 1,508 | 1,254 |
Payments for Coal Workers Pnenumoconiosis | 2,653 | |
State administrative fees and insurance bond premiums | 0 | 0 |
Service cost | $1,623 | $1,419 |
Income_Taxes_Income_Tax_Reconc
Income Taxes Income Tax Reconciliation (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Rate | Rate | |
Amount | ||
Unusual or Infrequent, Tax Effect | $7,766 | |
Income Tax Reconciliation, Nondeductible Expense, Depletion | 59,285 | 27,422 |
Percent | ||
Statutory U.S. Federal Income Tax Rate | 35.00% | 35.00% |
Income Tax Expense / Effective Rate | -47.90% | 6.50% |
Internal Revenue Service (IRS) [Member] | ||
Amount | ||
Unusual or Infrequent, Tax Effect | $8,820 |
Income_Taxes_Additional_Inform
Income Taxes Additional Information (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Income Tax Disclosure [Abstract] | ||
Income Tax Reconciliation, Nondeductible Expense, Depletion | $59,285 | $27,422 |
Uncertain tax positions | 2,540 | |
Uncertain tax positions that, if recognized, would impact effective tax rate | 1,651 | |
Accrued interest liability relating to uncertain tax positions | 1,351 | |
Interest expense included in accrued interest liability | $4,849 |
Income_Taxes_Tax_Examinations_
Income Taxes Tax Examinations (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Income Tax Examination [Line Items] | ||
Income Tax Reconciliation, Nondeductible Expense, Depletion | $59,285 | $27,422 |
Income_Taxes_Discrete_Items_De
Income Taxes Discrete Items (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Income Tax Disclosure [Abstract] | ||
Income Tax Reconciliation, Nondeductible Expense, Depletion | $59,285 | $27,422 |
Unusual or Infrequent, Tax Effect | $7,766 |
Inventory_Components_Details
Inventory Components (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Inventory Disclosure [Abstract] | ||
Coal | $22,596 | $19,242 |
Supplies | 82,648 | 82,631 |
Total Inventories | $105,244 | $101,873 |
Accounts_Receivable_Securitiza1
Accounts Receivable Securitization (Details) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 |
Subordinated Debt | $17,570 | ||
Accounts Receivable - Securitized | 32,669 | 0 | |
AR securitization facility [Member] | |||
Line of Credit Facility, Maximum Borrowing Capacity | 100,000 | ||
Current borrowing capacity of receivable facility | 77,500 | 77,800 | |
Letters of credit amount outstanding | 49,431 | ||
Costs associated with the receivables facility | $196 | $279 |
Property_Plant_and_Equipment_D
Property, Plant and Equipment (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ||
Coal and other plant and equipment | $3,747,817 | $3,726,514 |
Drilling Cost | 3,057,859 | 2,798,394 |
Proven gas properties | 1,766,692 | 1,768,007 |
Coal properties and surface lands | 1,554,505 | 1,540,835 |
Unproven gas properties | 1,364,481 | 1,358,306 |
Gas gathering equipment | 1,101,113 | 1,088,238 |
Airshafts | 754,918 | 716,748 |
Mine development | 467,455 | 468,924 |
Leased coal lands | 412,130 | 414,501 |
Gas wells and related equipment | 253,615 | 263,946 |
Coal advance mining royalties | 389,175 | 386,245 |
Other gas assets | 124,362 | 123,539 |
Gas advance royalties | 20,204 | 20,580 |
Total property plant and equipment | 15,014,326 | 14,674,777 |
Less Accumulated depreciation, depletion and amortization | 4,647,745 | 4,512,305 |
Total Property, Plant and Equipment-Net | $10,366,581 | $10,162,472 |
Property_Plant_and_Equipment_J
Property, Plant and Equipment Joint Venture Activity (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
acre | ||
Noble JV [Member] | ||
Significant Acquisitions and Disposals [Line Items] | ||
drill carry remaining | $1,626,135,000 | |
Drilling commitment carry | 1,846,000,000 | |
Maximum Drilling Commitment Carry | 400,000,000 | |
Gas and Oil Acreage, Unproved, Net | 702,000,000 | |
Drilling Carry Payments | 27,916 | |
Hess [Member] | ||
Significant Acquisitions and Disposals [Line Items] | ||
drill carry remaining | 76,401,000 | |
Maximum Drilling Commitment Carry | 335,000,000 | |
Gas and Oil Acreage, Unproved, Net | 153,000,000 | |
Drilling Carry Payments | $18,600 | $15,869 |
ShortTerm_Notes_Payable_Detail
Short-Term Notes Payable (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 |
Short-term Debt [Line Items] | ||
Term Loan facility | $600,000 | |
Revolving Credit Facility [Member] | ||
Short-term Debt [Line Items] | ||
Credit facility, face amount | 2,000,000 | |
Line of Credit Facility, Maximum Borrowing Capacity | 750,000 | |
Additional Capacity Available On Credit Lines At Request | 500,000 | |
Minimum interest coverage ratio | 2.5 | |
Interest coverage ratio | 4.72 | |
Current Ratio | 1.6 | |
Senior secured leverage ratio, maximum | 1 | |
Current secured leverage ratio | 2.75 | |
Short-term Debt | 760,500 | |
Letters of credit outstanding | 214,650 | 244,418 |
Borrowings and issuance of letters of credit remaining capacity | $1,024,850 | $1,755,582 |
LongTerm_Debt_Details
Long-Term Debt (Details) (USD $) | 3 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | |
Debt Instrument [Line Items] | |||
Capital Lease Obligations, Current | $8,166,000 | $7,964,000 | |
Debt | 2,566,757,000 | 3,241,474,000 | |
Long-Term Debt | 2,561,681,000 | 3,236,422,000 | |
Accrued interest | 54,118,000 | 51,159,000 | |
Less amounts due in one year | -5,076,000 | -5,052,000 | |
Gains (Losses) on Extinguishment of Debt | 67,734,000 | 0 | |
Senior notes due April 2020 at 8.25% | |||
Debt Instrument [Line Items] | |||
Debt | 76,978,000 | 1,014,800,000 | |
Long-term Debt, Percentage Bearing Fixed Interest, Amount | 0.0825 | ||
Senior Secured Notes Due March 2021 Par Value Amount Purchased [Member] | |||
Debt Instrument [Line Items] | |||
Debt | 229,176,000 | ||
Senior notes due March 2021 at 6.375% | |||
Debt Instrument [Line Items] | |||
Debt | 20,824,000 | 250,000,000 | |
Long-term Debt, Percentage Bearing Fixed Interest, Amount | 0.0638 | ||
Senior Secured Notes Due March 2021 Par Value [Member] [Member] [Member] | |||
Debt Instrument [Line Items] | |||
Debt | 1,856,283,000 | 1,856,506,000 | |
Senior Notes due April 2023 at 8.0% [Member] | |||
Debt Instrument [Line Items] | |||
Debt | 492,760,000 | ||
Long-term Debt, Percentage Bearing Fixed Interest, Amount | 0.08 | ||
Long-term Debt, Gross | 500,000,000 | ||
Debt Instrument, Unamortized Discount | 7,000,000 | ||
Senior Notes 8.25 Percent Due April 2020 Amount Purchased [Member] | |||
Debt Instrument [Line Items] | |||
Debt | 937,822,000 | ||
Baltimore Port Facility revenue bonds in series due September 2025 at 5.75% | |||
Debt Instrument [Line Items] | |||
Debt | 102,865,000 | 102,865,000 | |
Advance royalty commitments | |||
Debt Instrument [Line Items] | |||
Debt | 13,473,000 | 13,473,000 | |
Other long-term notes maturing at various dates through 2031 | |||
Debt Instrument [Line Items] | |||
Debt | $3,574,000 | $3,830,000 |
Commitments_and_Contingencies_1
Commitments and Contingencies Additional Information (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 |
Commitments and Contingencies Disclosure [Line Items] | ||
Loss Contingency, Range of Possible Loss, Portion Not Accrued | 389,011 | |
Remaining liability in PCB soil removal action | 569,185 | $602,972 |
Earl Kennedy [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Loss Contingency, Damages Sought | 20000 |
Unrecorded_Unconditional_Purch
Unrecorded Unconditional Purchase Obligation (Details) (USD $) | Mar. 31, 2015 |
In Thousands, unless otherwise specified | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | $1,216,881 |
Balance on First Anniversary [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 1,121,336 |
More Than One And Within Three Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 70,181 |
More Than Three And Within Five Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 12,650 |
Beyond Five Years of Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 12,714 |
Standby Letters of Credit [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 264,080 |
Standby Letters of Credit [Member] | Balance on First Anniversary [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 244,157 |
Standby Letters of Credit [Member] | More Than One And Within Three Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 19,923 |
Standby Letters of Credit [Member] | More Than Three And Within Five Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 0 |
Standby Letters of Credit [Member] | Beyond Five Years of Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 0 |
Surety Bonds [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 759,830 |
Surety Bonds [Member] | Balance on First Anniversary [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 751,560 |
Surety Bonds [Member] | More Than One And Within Three Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 8,269 |
Surety Bonds [Member] | More Than Three And Within Five Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 1 |
Surety Bonds [Member] | Beyond Five Years of Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 0 |
Guarantees [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 192,971 |
Guarantees [Member] | Balance on First Anniversary [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 125,619 |
Guarantees [Member] | More Than One And Within Three Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 41,989 |
Guarantees [Member] | More Than Three And Within Five Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 12,649 |
Guarantees [Member] | Beyond Five Years of Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 12,714 |
Employee Related Commitments [Member] | Standby Letters of Credit [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 94,947 |
Employee Related Commitments [Member] | Standby Letters of Credit [Member] | Balance on First Anniversary [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 75,624 |
Employee Related Commitments [Member] | Standby Letters of Credit [Member] | More Than One And Within Three Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 19,323 |
Employee Related Commitments [Member] | Standby Letters of Credit [Member] | More Than Three And Within Five Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 0 |
Employee Related Commitments [Member] | Standby Letters of Credit [Member] | Beyond Five Years of Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 0 |
Employee Related Commitments [Member] | Surety Bonds [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 181,720 |
Employee Related Commitments [Member] | Surety Bonds [Member] | Balance on First Anniversary [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 181,720 |
Employee Related Commitments [Member] | Surety Bonds [Member] | More Than One And Within Three Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 0 |
Employee Related Commitments [Member] | Surety Bonds [Member] | More Than Three And Within Five Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 0 |
Employee Related Commitments [Member] | Surety Bonds [Member] | Beyond Five Years of Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 0 |
Environment Related Commitments [Member] | Standby Letters of Credit [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 4,786 |
Environment Related Commitments [Member] | Standby Letters of Credit [Member] | Balance on First Anniversary [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 4,186 |
Environment Related Commitments [Member] | Standby Letters of Credit [Member] | More Than One And Within Three Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 600 |
Environment Related Commitments [Member] | Standby Letters of Credit [Member] | More Than Three And Within Five Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 0 |
Environment Related Commitments [Member] | Standby Letters of Credit [Member] | Beyond Five Years of Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 0 |
Environment Related Commitments [Member] | Surety Bonds [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 553,656 |
Environment Related Commitments [Member] | Surety Bonds [Member] | Balance on First Anniversary [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 545,391 |
Environment Related Commitments [Member] | Surety Bonds [Member] | More Than One And Within Three Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 8,265 |
Environment Related Commitments [Member] | Surety Bonds [Member] | More Than Three And Within Five Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 0 |
Environment Related Commitments [Member] | Surety Bonds [Member] | Beyond Five Years of Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 0 |
Other Commitments [Member] | Standby Letters of Credit [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 164,347 |
Other Commitments [Member] | Standby Letters of Credit [Member] | Balance on First Anniversary [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 164,347 |
Other Commitments [Member] | Standby Letters of Credit [Member] | More Than One And Within Three Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 0 |
Other Commitments [Member] | Standby Letters of Credit [Member] | More Than Three And Within Five Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 0 |
Other Commitments [Member] | Standby Letters of Credit [Member] | Beyond Five Years of Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 0 |
Other Commitments [Member] | Surety Bonds [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 24,454 |
Other Commitments [Member] | Surety Bonds [Member] | Balance on First Anniversary [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 24,449 |
Other Commitments [Member] | Surety Bonds [Member] | More Than One And Within Three Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 4 |
Other Commitments [Member] | Surety Bonds [Member] | More Than Three And Within Five Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 1 |
Other Commitments [Member] | Surety Bonds [Member] | Beyond Five Years of Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | |
Other Commitments [Member] | Guarantees [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 84,421 |
Other Commitments [Member] | Guarantees [Member] | Balance on First Anniversary [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 42,119 |
Other Commitments [Member] | Guarantees [Member] | More Than One And Within Three Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 16,939 |
Other Commitments [Member] | Guarantees [Member] | More Than Three And Within Five Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 12,649 |
Other Commitments [Member] | Guarantees [Member] | Beyond Five Years of Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 12,714 |
Coal Segment [Member] | Guarantees [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 108,550 |
Coal Segment [Member] | Guarantees [Member] | Balance on First Anniversary [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 83,500 |
Coal Segment [Member] | Guarantees [Member] | More Than One And Within Three Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 25,050 |
Coal Segment [Member] | Guarantees [Member] | More Than Three And Within Five Years From Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 0 |
Coal Segment [Member] | Guarantees [Member] | Beyond Five Years of Balance Sheet Date [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 0 |
Murray Energy [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Contractual Obligation | 1,275 |
Purchase Commitment [Member] | |
Unrecorded Unconditional Purchase Obligation [Line Items] | |
Less than 1 year | 263,985 |
1 - 3 years | 314,084 |
3 - 5 years | 197,923 |
More than 5 years | 626,620 |
Total Purchase Obligations | $1,402,612 |
Derivative_Instruments_Details
Derivative Instruments (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2015 | Dec. 31, 2014 |
MMcf | ||||
Derivative [Line Items] | ||||
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | ($19,314) | $16,313 | $58,737 | |
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, tax effect | 33,841 | |||
Commodity Member [Member] | ||||
Derivative [Line Items] | ||||
Derivative, Nonmonetary Notional Amount, Volume | 213,000,000,000 | 216,000,000,000 | ||
Derivative Liability, Current | 526 | 0 | ||
Derivative Liability, Noncurrent | 272 | 0 | ||
Derivative Asset, Noncurrent | 85,463 | 68,656 | ||
Basis Member [Member] | ||||
Derivative [Line Items] | ||||
Derivative, Nonmonetary Notional Amount, Volume | 8,000,000,000 | 11,000,000,000 | ||
Derivative Liability, Current | $962 | $327 |
The_Effect_of_Derivative_Instr
The Effect of Derivative Instruments on the Consolidated Statement of Income (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Derivative [Line Items] | ||
Unrealized Gain (Loss) on Derivatives | $60,004 | $0 |
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | 0 | -46,965 |
Derivative Instruments, Gain Reclassified from Accumulated OCI into Income, Effective Portion | 19,314 | -16,313 |
Commodity Member [Member] | ||
Derivative [Line Items] | ||
Unrealized Gain (Loss) on Derivatives | 61,631 | |
Swap [Member] | Cash Flow Hedging [Member] | Natural Gas [Member] | ||
Derivative [Line Items] | ||
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | 121,521 | 42,493 |
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax | 0 | 355 |
Basis Member [Member] | ||
Derivative [Line Items] | ||
Unrealized Gain (Loss) on Derivatives | -1,627 | |
Revenue Mineral Sales [Member] | Swap [Member] | Cash Flow Hedging [Member] | Natural Gas [Member] | ||
Derivative [Line Items] | ||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | $102,207 | $11,841 |
Derivative_Instruments_AssetLi
Derivative Instruments Asset/Liability Derivative Table (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Commodity Member [Member] | ||
Derivative [Line Items] | ||
Derivative Asset, Current | $138,772 | $123,676 |
Derivative Liability, Noncurrent | 272 | 0 |
Derivative Asset, Noncurrent | 85,463 | 68,656 |
Derivative Liability, Current | 526 | 0 |
Gas Cash Flow hedges | 224,235 | 192,332 |
Derivative Liability | 798 | 0 |
Basis Member [Member] | ||
Derivative [Line Items] | ||
Derivative Asset, Current | 72 | 1,064 |
Derivative Liability, Current | $962 | $327 |
Financial_Instruments_Measured
Financial Instruments Measured at Fair Value on a Recurring Basis (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ||
Gas Cash Flow hedges | $0 | $0 |
Guarantees, Fair Value Disclosure | 0 | 0 |
Significant Other Observable Inputs (Level 2) | ||
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ||
Gas Cash Flow hedges | 222,547 | 193,069 |
Guarantees, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | ||
Gas Cash Flow hedges | 0 | 0 |
Guarantees, Fair Value Disclosure | $1,275 | $1,275 |
Carrying_Amounts_and_Fair_Valu
Carrying Amounts and Fair Values of Financial Instruments for Which the Fair Value Option Was Not Elected (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||||
Fair Value, Option, Disclosures Related to Election, Items Existing at Effective Date [Line Items] | ||||
Cash and Cash Equivalents | $5,318 | $176,989 | $314,087 | $327,420 |
Notes and Loans Payable, Current | -760,500 | 0 | ||
Borrowings Under Securitization Facility | 32,669 | 0 | ||
Long-term debt | -2,566,757 | -3,241,474 | ||
Carrying Amount | ||||
Fair Value, Option, Disclosures Related to Election, Items Existing at Effective Date [Line Items] | ||||
Cash and Cash Equivalents | 5,318 | 176,989 | ||
Long-term debt | -2,566,757 | -3,241,474 | ||
Fair Value | ||||
Fair Value, Option, Disclosures Related to Election, Items Existing at Effective Date [Line Items] | ||||
Cash and Cash Equivalents | 5,318 | 176,989 | ||
Long-term debt | ($2,398,682) | ($3,169,154) |
Industry_Segment_Results_Detai
Industry Segment Results (Details) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 |
Segment Reporting Information [Line Items] | |||
Total Revenue and Other Income | $889,592 | $969,153 | |
Natural Gas, NGLs and Oil Sales | 254,580 | 266,298 | |
Revenue, Net | 789,357 | 910,430 | |
Sales-Outside | 751,246 | 800,979 | |
Sales Revenue, Services, Other | 13,130 | 69,287 | |
Revenue from Purchased Oil and Gas | 3,597 | 3,574 | |
Royalty Interest Gas Revenue | 14,859 | 26,645 | |
Freight-Outside | 6,525 | 9,945 | |
Segment Reporting - Intersegment Transfers | 0 | 0 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 53,427 | 130,179 | |
Total Assets | 11,781,396 | 11,584,475 | 11,759,530 |
Depreciation, Depletion and Amortization | 150,594 | 129,116 | |
Segment Reporting - Capital Expenditures | 294,019 | 451,029 | |
Income (Loss) from Equity Method Investments | 11,323 | 7,450 | |
XCoal Energy and Resources [Member] | |||
Segment Reporting Information [Line Items] | |||
Total Revenue and Other Income | 120,577 | 118,884 | |
Duke Energy [Member] [Member] | |||
Segment Reporting Information [Line Items] | |||
Total Revenue and Other Income | 84,623 | ||
Total Reportable Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 181,873 | 190,143 | |
Total Assets | 11,558,729 | 10,788,454 | |
Coal Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Revenue, Net | 516,321 | 555,109 | |
Sales-Outside | 496,666 | 534,681 | |
Sales Revenue, Services, Other | 13,130 | 10,483 | |
Revenue from Purchased Oil and Gas | 0 | 0 | |
Royalty Interest Gas Revenue | 0 | 0 | |
Freight-Outside | 6,525 | 9,945 | |
Segment Reporting - Intersegment Transfers | 0 | 0 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 105,882 | 110,399 | |
Total Assets | 4,027,750 | 4,266,460 | |
Depreciation, Depletion and Amortization | 65,483 | 56,866 | |
Segment Reporting - Capital Expenditures | 40,841 | 184,083 | |
Income (Loss) from Equity Method Investments | 8,377 | 5,814 | |
Equity Method Investments | 34,182 | 84,864 | |
Coal Segment [Member] | VA Operations [Member] | |||
Segment Reporting Information [Line Items] | |||
Revenue, Net | 80,515 | 84,863 | |
Sales-Outside | 80,515 | 84,505 | |
Sales Revenue, Services, Other | 0 | 0 | |
Revenue from Purchased Oil and Gas | 0 | 0 | |
Royalty Interest Gas Revenue | 0 | 0 | |
Freight-Outside | 0 | 358 | |
Segment Reporting - Intersegment Transfers | 0 | 0 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 22,567 | -881 | |
Total Assets | 344,098 | 372,745 | |
Depreciation, Depletion and Amortization | 11,975 | 11,712 | |
Segment Reporting - Capital Expenditures | 6,234 | 6,242 | |
Coal Segment [Member] | Other Coal [Member] | |||
Segment Reporting Information [Line Items] | |||
Revenue, Net | 49,000 | 50,735 | |
Sales-Outside | 31,714 | 38,095 | |
Sales Revenue, Services, Other | 13,130 | 10,483 | |
Revenue from Purchased Oil and Gas | 0 | 0 | |
Royalty Interest Gas Revenue | 0 | 0 | |
Freight-Outside | 4,156 | 2,157 | |
Segment Reporting - Intersegment Transfers | 0 | 0 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | -15,087 | -21,510 | |
Total Assets | 1,583,303 | 1,865,849 | |
Depreciation, Depletion and Amortization | 8,658 | 9,992 | |
Segment Reporting - Capital Expenditures | 1,671 | 3,647 | |
Coal Segment [Member] | PA Operations [Member] | |||
Segment Reporting Information [Line Items] | |||
Revenue, Net | 386,806 | 419,511 | |
Sales-Outside | 384,437 | 412,081 | |
Sales Revenue, Services, Other | 0 | 0 | |
Revenue from Purchased Oil and Gas | 0 | 0 | |
Royalty Interest Gas Revenue | 0 | 0 | |
Freight-Outside | 2,369 | 7,430 | |
Segment Reporting - Intersegment Transfers | 0 | 0 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 98,402 | 132,790 | |
Total Assets | 2,100,349 | 2,027,866 | |
Depreciation, Depletion and Amortization | 44,850 | 35,162 | |
Segment Reporting - Capital Expenditures | 32,936 | 174,194 | |
Gas Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Natural Gas, NGLs and Oil Sales | 254,580 | 266,298 | |
Revenue, Net | 273,583 | 297,414 | |
Sales Revenue, Services, Other | 0 | 0 | |
Revenue from Purchased Oil and Gas | 3,597 | 3,574 | |
Royalty Interest Gas Revenue | 14,859 | 26,645 | |
Freight-Outside | 0 | 0 | |
Segment Reporting - Intersegment Transfers | 547 | 897 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 75,991 | 79,744 | |
Total Assets | 7,530,979 | 6,521,994 | |
Depreciation, Depletion and Amortization | 85,104 | 71,729 | |
Segment Reporting - Capital Expenditures | 250,303 | 265,970 | |
Income (Loss) from Equity Method Investments | 2,938 | 2,860 | |
Equity Method Investments | 158,091 | 223,874 | |
Gas Segment [Member] | Marcellus Shale [Member] | |||
Segment Reporting Information [Line Items] | |||
Natural Gas, NGLs and Oil Sales | 137,360 | 124,957 | |
Revenue, Net | 137,360 | 124,957 | |
Sales Revenue, Services, Other | 0 | ||
Revenue from Purchased Oil and Gas | 0 | 0 | |
Royalty Interest Gas Revenue | 0 | 0 | |
Freight-Outside | 0 | 0 | |
Segment Reporting - Intersegment Transfers | 0 | 0 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 42,244 | 59,105 | |
Gas Segment [Member] | Utica Shale [Member] | |||
Segment Reporting Information [Line Items] | |||
Revenue, Net | 18,603 | 7,031 | |
Sales Revenue, Services, Other | 0 | 0 | |
Revenue from Purchased Oil and Gas | 0 | 0 | |
Royalty Interest Gas Revenue | 0 | 0 | |
Freight-Outside | 0 | 0 | |
Segment Reporting - Intersegment Transfers | 0 | 0 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | -5,053 | 539 | |
Gas Segment [Member] | Coalbed Methane [Member] | |||
Segment Reporting Information [Line Items] | |||
Natural Gas, NGLs and Oil Sales | 74,984 | 96,071 | |
Revenue, Net | 75,531 | 96,968 | |
Sales Revenue, Services, Other | 0 | 0 | |
Revenue from Purchased Oil and Gas | 0 | 0 | |
Royalty Interest Gas Revenue | 0 | 0 | |
Freight-Outside | 0 | 0 | |
Segment Reporting - Intersegment Transfers | 547 | 897 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 14,732 | 33,619 | |
Gas Segment [Member] | Other Gas [Member] | |||
Segment Reporting Information [Line Items] | |||
Natural Gas, NGLs and Oil Sales | 23,633 | 38,239 | |
Revenue, Net | 42,089 | 68,458 | |
Sales Revenue, Services, Other | 0 | 0 | |
Royalty Interest Gas Revenue | 14,859 | 26,645 | |
Freight-Outside | 0 | 0 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 24,068 | -13,519 | |
Other Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Revenue, Net | 0 | 78,115 | |
Sales-Outside | 0 | 0 | |
Sales Revenue, Services, Other | 0 | 58,804 | |
Revenue from Purchased Oil and Gas | 0 | 0 | |
Royalty Interest Gas Revenue | 0 | 0 | |
Freight-Outside | 0 | 0 | |
Segment Reporting - Intersegment Transfers | 0 | 19,311 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 102 | -1,737 | |
Total Assets | 78,553 | 193,679 | |
Depreciation, Depletion and Amortization | 7 | 521 | |
Segment Reporting - Capital Expenditures | 2,875 | 976 | |
Income (Loss) from Equity Method Investments | 8 | -1,224 | |
Intersegment Eliminations [Member] | |||
Segment Reporting Information [Line Items] | |||
Revenue, Net | -547 | -20,208 | |
Sales-Outside | 0 | 0 | |
Sales Revenue, Services, Other | 0 | 0 | |
Revenue from Purchased Oil and Gas | 0 | 0 | |
Royalty Interest Gas Revenue | 0 | 0 | |
Freight-Outside | 0 | 0 | |
Segment Reporting - Intersegment Transfers | -547 | -20,208 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | -128,548 | -58,227 | |
Total Assets | 144,114 | 602,342 | |
Depreciation, Depletion and Amortization | 0 | 0 | |
Segment Reporting - Capital Expenditures | 0 | 0 | |
All Other | |||
Segment Reporting Information [Line Items] | |||
Equity Method Investments | $387 |
Reconciliation_of_Segment_Info
Reconciliation of Segment Information, Revenue and Other Income (Details) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Royalty Interest Gas Revenue | $14,859 | $26,645 | |
Sales Revenue, Services, Other | 13,130 | 69,287 | |
Revenue, Net | 789,357 | 910,430 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 53,427 | 130,179 | |
Total Assets | 11,781,396 | 11,584,475 | 11,759,530 |
Depreciation, Depletion and Amortization | 150,594 | 129,116 | |
Segment Reporting - Capital Expenditures | 294,019 | 451,029 | |
Total Reportable Segments [Member] | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 181,873 | 190,143 | |
Total Assets | 11,558,729 | 10,788,454 | |
Other Segments [Member] | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Royalty Interest Gas Revenue | 0 | 0 | |
Sales Revenue, Services, Other | 0 | 58,804 | |
Revenue, Net | 0 | 78,115 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 102 | -1,737 | |
Total Assets | 78,553 | 193,679 | |
Depreciation, Depletion and Amortization | 7 | 521 | |
Segment Reporting - Capital Expenditures | 2,875 | 976 | |
Excludes Gas Segment [Member] | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Interest Income (Expense), Net and Other Non-operating Activity | -55,122 | -50,931 | |
Business Combination, Acquisition Related Costs | -788 | 0 | |
Fees for Disposing Non-core Assets | -4,904 | -7,296 | |
Corporate Adjustments And Eliminations [Member] | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Gain (Loss) Estimates on Extinguishment of Debt | -67,734 | 0 | |
Intersegment Eliminations [Member] | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Royalty Interest Gas Revenue | 0 | 0 | |
Sales Revenue, Services, Other | 0 | 0 | |
Revenue, Net | -547 | -20,208 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | -128,548 | -58,227 | |
Total Assets | 144,114 | 602,342 | |
Depreciation, Depletion and Amortization | 0 | 0 | |
Segment Reporting - Capital Expenditures | 0 | 0 | |
Gas Segment [Member] | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Royalty Interest Gas Revenue | 14,859 | 26,645 | |
Sales Revenue, Services, Other | 0 | 0 | |
Revenue, Net | 273,583 | 297,414 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 75,991 | 79,744 | |
Total Assets | 7,530,979 | 6,521,994 | |
Depreciation, Depletion and Amortization | 85,104 | 71,729 | |
Segment Reporting - Capital Expenditures | 250,303 | 265,970 | |
Coal Segment [Member] | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Royalty Interest Gas Revenue | 0 | 0 | |
Sales Revenue, Services, Other | 13,130 | 10,483 | |
Revenue, Net | 516,321 | 555,109 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 105,882 | 110,399 | |
Total Assets | 4,027,750 | 4,266,460 | |
Depreciation, Depletion and Amortization | 65,483 | 56,866 | |
Segment Reporting - Capital Expenditures | 40,841 | 184,083 | |
VA Operations [Member] | Coal Segment [Member] | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Royalty Interest Gas Revenue | 0 | 0 | |
Sales Revenue, Services, Other | 0 | 0 | |
Revenue, Net | 80,515 | 84,863 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 22,567 | -881 | |
Total Assets | 344,098 | 372,745 | |
Depreciation, Depletion and Amortization | 11,975 | 11,712 | |
Segment Reporting - Capital Expenditures | 6,234 | 6,242 | |
Coalbed Methane [Member] | Gas Segment [Member] | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Royalty Interest Gas Revenue | 0 | 0 | |
Sales Revenue, Services, Other | 0 | 0 | |
Revenue, Net | 75,531 | 96,968 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 14,732 | 33,619 | |
Utica Shale [Member] | Gas Segment [Member] | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Royalty Interest Gas Revenue | 0 | 0 | |
Sales Revenue, Services, Other | 0 | 0 | |
Revenue, Net | 18,603 | 7,031 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | -5,053 | 539 | |
Other Gas [Member] | Gas Segment [Member] | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Royalty Interest Gas Revenue | 14,859 | 26,645 | |
Sales Revenue, Services, Other | 0 | 0 | |
Revenue, Net | 42,089 | 68,458 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 24,068 | -13,519 | |
PA Operations [Member] | Coal Segment [Member] | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Royalty Interest Gas Revenue | 0 | 0 | |
Sales Revenue, Services, Other | 0 | 0 | |
Revenue, Net | 386,806 | 419,511 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 98,402 | 132,790 | |
Total Assets | 2,100,349 | 2,027,866 | |
Depreciation, Depletion and Amortization | 44,850 | 35,162 | |
Segment Reporting - Capital Expenditures | 32,936 | 174,194 | |
Other Coal [Member] | Coal Segment [Member] | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Royalty Interest Gas Revenue | 0 | 0 | |
Sales Revenue, Services, Other | 13,130 | 10,483 | |
Revenue, Net | 49,000 | 50,735 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | -15,087 | -21,510 | |
Total Assets | 1,583,303 | 1,865,849 | |
Depreciation, Depletion and Amortization | 8,658 | 9,992 | |
Segment Reporting - Capital Expenditures | $1,671 | $3,647 |
Reconciliation_of_Segment_Info1
Reconciliation of Segment Information, Total Assets (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 |
In Thousands, unless otherwise specified | |||
Assets: | |||
Total Assets | $11,781,396 | $11,759,530 | $11,584,475 |
Items excluded from segment assets: | |||
Recoverable Income Taxes | 20,566 | 20,401 | |
Total Reportable Segments [Member] | |||
Assets: | |||
Total Assets | 11,558,729 | 10,788,454 | |
Coal Segment [Member] | |||
Assets: | |||
Total Assets | 4,027,750 | 4,266,460 | |
Gas Segment [Member] | |||
Assets: | |||
Total Assets | 7,530,979 | 6,521,994 | |
Other Segments [Member] | |||
Assets: | |||
Total Assets | 78,553 | 193,679 | |
Excludes Gas Segment [Member] | |||
Items excluded from segment assets: | |||
Cash and Other Investments | 5,252 | 300,090 | |
Intersegment Eliminations [Member] | |||
Assets: | |||
Total Assets | 144,114 | 602,342 | |
Items excluded from segment assets: | |||
Recoverable Income Taxes | 20,567 | 4,434 | |
Deferred Tax Assets | 74,725 | 265,226 | |
Bond Issuance Costs | $43,570 | $32,592 |
Guarantor_Subsidiaries_Financi1
Guarantor Subsidiaries Financial Information Additional Information (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Cash and Cash Equivalents | $5,318 | $176,989 | $314,087 | $327,420 |
Trade | 226,991 | 259,817 | ||
Other Receivables | 347,146 | |||
Inventories | 105,244 | 101,873 | ||
Senior Notes Due April 2017 at 8.00% | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Debt Instrument, Face Amount | 76,978 | |||
Debt Instrument, Interest Rate, Stated Percentage | 8.25% | |||
Senior notes due April 2020 at 8.25% | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Debt Instrument, Face Amount | 20,824 | |||
Debt Instrument, Interest Rate, Stated Percentage | 6.38% | |||
Senior notes due March 2021 at 6.375% | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Debt Instrument, Face Amount | 1,856,283 | |||
Debt Instrument, Interest Rate, Stated Percentage | 5.88% | |||
Senior Notes 8 Percent Due April 2023 Par Value [Member] [Member] | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Debt Instrument, Face Amount | $492,760 | |||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% |
Guarantor_Subsidiaries_Income_
Guarantor Subsidiaries Income Statement (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Schedule of Condensed Consolidating Statement of Operations [Line Items] | ||
Natural Gas, NGLs and Oil Sales | $254,580 | $266,298 |
Coal Sales | 496,666 | 534,681 |
Other Revenue, Net | 13,130 | 69,287 |
Sales-Outside | 751,246 | 800,979 |
Gas Royalty Interests and Purchased Gas Sales | 18,456 | 30,219 |
Freight-Outside | 6,525 | 9,945 |
Other Income (including equity earnings) | 38,066 | 55,054 |
Gain (Loss) on Disposition of Assets | 2,165 | 3,669 |
Revenue from Purchased Oil and Gas | 3,597 | 3,574 |
Total Revenue and Other Income | 889,592 | 969,153 |
Oil and Gas Property, Lease Operating Expense | 31,612 | 29,243 |
Gas Gathering, Transportation, Marketing and Processing Costs | 78,744 | 53,782 |
Production Tax Expense | 9,192 | 10,187 |
E&P Direct Administration and Selling | 14,667 | 11,653 |
E&P Depreciation, Depletion, and Amortization | 85,104 | 71,729 |
Exploration and Production Costs | 2,040 | 3,099 |
Production Royalty Interests and Purchased Gas Costs | 16,127 | 26,096 |
Other Expenses | 19,096 | 26,164 |
Results of Operations, General and Administrative Related to Oil and Gas Producing Activities | 15,142 | 17,364 |
Oil and Gas Production Expense | 271,724 | 249,317 |
Operating Expenses | 311,583 | 333,810 |
Taxes, Miscellaneous | 22,317 | 26,488 |
Direct Administration, Selling and Other Costs | 8,983 | 11,542 |
Coal Depreciation, Depletion, Amortization | 65,483 | 56,866 |
Depreciation, Depletion and Amortization | 150,594 | 129,116 |
Freight Expense | 6,525 | 9,945 |
General and Administrative Expense | 7,408 | 12,709 |
Other Cost and Expense, Operating | 8,895 | 19,295 |
Cost of Coal Products and Services | 431,194 | 470,655 |
Other Nonoperating Expense | 10,384 | 67,340 |
Other General and Administrative Expense | 0 | 210 |
Depreciation, Depletion and Amortization, Nonproduction | 7 | 521 |
Interest Expense | 55,122 | 50,931 |
Other General Expense | 133,247 | 119,002 |
Total Costs | 836,165 | 838,974 |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 53,427 | 130,179 |
Income Tax Expense (Benefit) | -25,603 | 8,489 |
Income (Loss) from Continuing Operations Attributable to Parent | 79,030 | 121,690 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | -5,687 |
Net Income (Loss) | 79,030 | 116,003 |
Parent Issuer [Member] | ||
Schedule of Condensed Consolidating Statement of Operations [Line Items] | ||
Natural Gas, NGLs and Oil Sales | 0 | |
Coal Sales | 0 | |
Other Revenue, Net | 0 | |
Gas Royalty Interests and Purchased Gas Sales | 0 | |
Freight-Outside | 0 | |
Other Income (including equity earnings) | 169,567 | |
Gain (Loss) on Disposition of Assets | 0 | |
Total Revenue and Other Income | 169,567 | |
Oil and Gas Property, Lease Operating Expense | 0 | |
Gas Gathering, Transportation, Marketing and Processing Costs | 0 | |
Production Tax Expense | 0 | |
E&P Direct Administration and Selling | 0 | |
E&P Depreciation, Depletion, and Amortization | 0 | |
Exploration and Production Costs | 0 | |
Production Royalty Interests and Purchased Gas Costs | 0 | |
Other Expenses | 0 | |
Results of Operations, General and Administrative Related to Oil and Gas Producing Activities | 0 | |
Oil and Gas Production Expense | 0 | |
Operating Expenses | 11,031 | |
Taxes, Miscellaneous | 0 | |
Direct Administration, Selling and Other Costs | 0 | |
Coal Depreciation, Depletion, Amortization | 156 | |
Freight Expense | 0 | |
General and Administrative Expense | 0 | |
Other Cost and Expense, Operating | 19,295 | |
Cost of Coal Products and Services | 30,482 | |
Other Nonoperating Expense | 7,237 | |
Other General and Administrative Expense | 0 | |
Depreciation, Depletion and Amortization, Nonproduction | 6 | |
Interest Expense | 48,433 | |
Other General Expense | 55,676 | |
Total Costs | 86,158 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 83,409 | |
Income Tax Expense (Benefit) | -32,594 | |
Income (Loss) from Continuing Operations Attributable to Parent | 116,003 | |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | |
Net Income (Loss) | 116,003 | |
CNX Gas Guarantor [Member] | ||
Schedule of Condensed Consolidating Statement of Operations [Line Items] | ||
Natural Gas, NGLs and Oil Sales | 267,194 | |
Coal Sales | 0 | |
Other Revenue, Net | 0 | |
Gas Royalty Interests and Purchased Gas Sales | 30,219 | |
Freight-Outside | 0 | |
Other Income (including equity earnings) | 28,157 | |
Gain (Loss) on Disposition of Assets | 3,152 | |
Total Revenue and Other Income | 328,722 | |
Oil and Gas Property, Lease Operating Expense | 29,243 | |
Gas Gathering, Transportation, Marketing and Processing Costs | 53,782 | |
Production Tax Expense | 10,187 | |
E&P Direct Administration and Selling | 11,653 | |
E&P Depreciation, Depletion, and Amortization | 71,729 | |
Exploration and Production Costs | 3,099 | |
Production Royalty Interests and Purchased Gas Costs | 26,108 | |
Other Expenses | 26,164 | |
Results of Operations, General and Administrative Related to Oil and Gas Producing Activities | 17,364 | |
Oil and Gas Production Expense | 249,329 | |
Operating Expenses | 0 | |
Taxes, Miscellaneous | 0 | |
Direct Administration, Selling and Other Costs | 0 | |
Coal Depreciation, Depletion, Amortization | 0 | |
Freight Expense | 0 | |
General and Administrative Expense | 0 | |
Other Cost and Expense, Operating | 0 | |
Cost of Coal Products and Services | 0 | |
Other Nonoperating Expense | 0 | |
Other General and Administrative Expense | 0 | |
Depreciation, Depletion and Amortization, Nonproduction | 0 | |
Interest Expense | 1,809 | |
Other General Expense | 1,809 | |
Total Costs | 251,138 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 77,584 | |
Income Tax Expense (Benefit) | 30,714 | |
Income (Loss) from Continuing Operations Attributable to Parent | 46,870 | |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | |
Net Income (Loss) | 46,870 | |
Other Guarantors Subsidiaries [Member] | ||
Schedule of Condensed Consolidating Statement of Operations [Line Items] | ||
Natural Gas, NGLs and Oil Sales | 0 | |
Coal Sales | 534,681 | |
Other Revenue, Net | 10,483 | |
Gas Royalty Interests and Purchased Gas Sales | 0 | |
Freight-Outside | 9,945 | |
Other Income (including equity earnings) | 24,813 | |
Gain (Loss) on Disposition of Assets | 514 | |
Total Revenue and Other Income | 580,436 | |
Oil and Gas Property, Lease Operating Expense | 0 | |
Gas Gathering, Transportation, Marketing and Processing Costs | 0 | |
Production Tax Expense | 0 | |
E&P Direct Administration and Selling | 0 | |
E&P Depreciation, Depletion, and Amortization | 0 | |
Exploration and Production Costs | 0 | |
Production Royalty Interests and Purchased Gas Costs | 0 | |
Other Expenses | 0 | |
Results of Operations, General and Administrative Related to Oil and Gas Producing Activities | 0 | |
Oil and Gas Production Expense | 0 | |
Operating Expenses | 323,675 | |
Taxes, Miscellaneous | 26,488 | |
Direct Administration, Selling and Other Costs | 11,542 | |
Coal Depreciation, Depletion, Amortization | 56,710 | |
Freight Expense | 9,945 | |
General and Administrative Expense | 12,709 | |
Other Cost and Expense, Operating | 0 | |
Cost of Coal Products and Services | 441,069 | |
Other Nonoperating Expense | 288 | |
Other General and Administrative Expense | 210 | |
Depreciation, Depletion and Amortization, Nonproduction | 42 | |
Interest Expense | 1,584 | |
Other General Expense | 2,124 | |
Total Costs | 443,193 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 137,243 | |
Income Tax Expense (Benefit) | 9,649 | |
Income (Loss) from Continuing Operations Attributable to Parent | 127,594 | |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | |
Net Income (Loss) | 127,594 | |
Non-Guarantors [Member] | ||
Schedule of Condensed Consolidating Statement of Operations [Line Items] | ||
Natural Gas, NGLs and Oil Sales | 0 | |
Coal Sales | 0 | |
Other Revenue, Net | 58,804 | |
Gas Royalty Interests and Purchased Gas Sales | 0 | |
Freight-Outside | 0 | |
Other Income (including equity earnings) | 2,302 | |
Gain (Loss) on Disposition of Assets | 3 | |
Total Revenue and Other Income | 61,109 | |
Oil and Gas Property, Lease Operating Expense | 0 | |
Gas Gathering, Transportation, Marketing and Processing Costs | 0 | |
Production Tax Expense | 0 | |
E&P Direct Administration and Selling | 0 | |
E&P Depreciation, Depletion, and Amortization | 0 | |
Exploration and Production Costs | 0 | |
Production Royalty Interests and Purchased Gas Costs | 0 | |
Other Expenses | 0 | |
Results of Operations, General and Administrative Related to Oil and Gas Producing Activities | 0 | |
Oil and Gas Production Expense | 0 | |
Operating Expenses | 0 | |
Taxes, Miscellaneous | 0 | |
Direct Administration, Selling and Other Costs | 0 | |
Coal Depreciation, Depletion, Amortization | 0 | |
Freight Expense | 0 | |
General and Administrative Expense | 0 | |
Other Cost and Expense, Operating | 0 | |
Cost of Coal Products and Services | 0 | |
Other Nonoperating Expense | 58,671 | |
Other General and Administrative Expense | 0 | |
Depreciation, Depletion and Amortization, Nonproduction | 473 | |
Interest Expense | 63 | |
Other General Expense | 59,207 | |
Total Costs | 59,207 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 1,902 | |
Income Tax Expense (Benefit) | 720 | |
Income (Loss) from Continuing Operations Attributable to Parent | 1,182 | |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | -5,687 | |
Net Income (Loss) | -4,505 | |
Consolidation, Eliminations [Member] | ||
Schedule of Condensed Consolidating Statement of Operations [Line Items] | ||
Natural Gas, NGLs and Oil Sales | -896 | |
Coal Sales | 0 | |
Other Revenue, Net | 0 | |
Gas Royalty Interests and Purchased Gas Sales | 0 | |
Freight-Outside | 0 | |
Other Income (including equity earnings) | -169,785 | |
Gain (Loss) on Disposition of Assets | 0 | |
Total Revenue and Other Income | -170,681 | |
Oil and Gas Property, Lease Operating Expense | 0 | |
Gas Gathering, Transportation, Marketing and Processing Costs | 0 | |
Production Tax Expense | 0 | |
E&P Direct Administration and Selling | 0 | |
E&P Depreciation, Depletion, and Amortization | 0 | |
Exploration and Production Costs | 0 | |
Production Royalty Interests and Purchased Gas Costs | -12 | |
Other Expenses | 0 | |
Results of Operations, General and Administrative Related to Oil and Gas Producing Activities | 0 | |
Oil and Gas Production Expense | -12 | |
Operating Expenses | -896 | |
Taxes, Miscellaneous | 0 | |
Direct Administration, Selling and Other Costs | 0 | |
Coal Depreciation, Depletion, Amortization | 0 | |
Freight Expense | 0 | |
General and Administrative Expense | 0 | |
Other Cost and Expense, Operating | 0 | |
Cost of Coal Products and Services | -896 | |
Other Nonoperating Expense | 1,144 | |
Other General and Administrative Expense | 0 | |
Depreciation, Depletion and Amortization, Nonproduction | 0 | |
Interest Expense | -958 | |
Other General Expense | 186 | |
Total Costs | -722 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | -169,959 | |
Income Tax Expense (Benefit) | 0 | |
Income (Loss) from Continuing Operations Attributable to Parent | -169,959 | |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | |
Net Income (Loss) | ($169,959) |
Guarantor_Subsidiaries_Balance
Guarantor Subsidiaries Balance Sheet (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||||
Current Assets: | ||||
Cash and Cash Equivalents | $5,318 | $176,989 | $314,087 | $327,420 |
Accounts and Notes Receivable: | ||||
Trade | 226,991 | 259,817 | ||
Other Receivables | 347,146 | |||
Inventories | 105,244 | 101,873 | ||
Recoverable Income Taxes | 20,566 | 20,401 | ||
Deferred Income Taxes | 74,725 | 66,569 | ||
Prepaid Expenses | 203,711 | 193,555 | ||
Total Current Assets | 932,714 | 1,166,350 | ||
Property, Plant and Equipment: | ||||
Property, Plant and Equipment | 15,014,326 | 14,674,777 | ||
Less-Accumulated Depreciation, Depletion and Amortization | 4,647,745 | 4,512,305 | ||
Total Property, Plant and Equipment-Net | 10,366,581 | 10,162,472 | ||
Other Assets: | ||||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 192,273 | 152,958 | ||
Other | 289,828 | 277,750 | ||
Total Assets | 11,781,396 | 11,759,530 | 11,584,475 | |
Current Liabilities: | ||||
Accounts Payable | 532,388 | 531,973 | ||
Accounts Payable (Recoverable)- Related Parties | 0 | |||
Current Portion Long-Term Debt | 13,016 | |||
Short-Term Notes Payable | 0 | |||
Notes and Loans Payable, Current | 760,500 | 0 | ||
Other Accrued Liabilities | 569,185 | 602,972 | ||
Total Current Liabilities | 1,907,984 | 1,147,961 | ||
Long-Term Debt: | 2,600,535 | 3,275,878 | ||
Deferred Credits and Other Liabilities | ||||
Deferred Tax Liabilities, Net | 325,592 | |||
Deferred Tax Liabilities, Net, Noncurrent | 304,303 | 325,592 | ||
Postretirement Benefits Other Than Pensions | 696,327 | 703,680 | ||
Pneumoconiosis | 117,608 | 116,941 | ||
Mine Closing | 305,906 | 306,789 | ||
Gas Well Closing | 178,680 | 175,369 | ||
Workers' Compensation | 74,725 | 75,947 | ||
Salary Retirement | 107,637 | 109,956 | ||
Reclamation | 33,394 | 33,788 | ||
Other | 156,570 | 158,171 | ||
Total Deferred Credits and Other Liabilities | 1,975,150 | 2,006,233 | ||
Total CONSOL Energy Inc. Stockholders' Equity | 5,297,727 | 5,329,458 | ||
TOTAL LIABILITIES AND EQUITY | 11,781,396 | 11,759,530 | ||
Parent Issuer [Member] | ||||
Current Assets: | ||||
Cash and Cash Equivalents | 145,239 | |||
Accounts and Notes Receivable: | ||||
Trade | 0 | |||
Other Receivables | 25,497 | |||
Inventories | 0 | |||
Recoverable Income Taxes | 79,426 | |||
Deferred Income Taxes | 99,776 | |||
Prepaid Expenses | 38,418 | |||
Total Current Assets | 388,356 | |||
Property, Plant and Equipment: | ||||
Property, Plant and Equipment | 158,555 | |||
Less-Accumulated Depreciation, Depletion and Amortization | 108,432 | |||
Total Property, Plant and Equipment-Net | 50,123 | |||
Other Assets: | ||||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 12,571,886 | |||
Other | 172,884 | |||
Total Assets | 13,183,249 | |||
Current Liabilities: | ||||
Accounts Payable | 86,313 | |||
Accounts Payable (Recoverable)- Related Parties | 4,499,174 | |||
Current Portion Long-Term Debt | 2,485 | |||
Short-Term Notes Payable | 0 | |||
Other Accrued Liabilities | 119,484 | |||
Total Current Liabilities | 4,707,456 | |||
Long-Term Debt: | 3,124,129 | |||
Deferred Credits and Other Liabilities | ||||
Deferred Tax Liabilities, Net | -148,925 | |||
Postretirement Benefits Other Than Pensions | 0 | |||
Pneumoconiosis | 0 | |||
Mine Closing | 0 | |||
Gas Well Closing | 0 | |||
Workers' Compensation | 0 | |||
Salary Retirement | 109,956 | |||
Reclamation | 0 | |||
Other | 61,175 | |||
Total Deferred Credits and Other Liabilities | 22,206 | |||
Total CONSOL Energy Inc. Stockholders' Equity | 5,329,458 | |||
TOTAL LIABILITIES AND EQUITY | 13,183,249 | |||
CNX Gas Guarantor [Member] | ||||
Current Assets: | ||||
Cash and Cash Equivalents | 30,682 | |||
Accounts and Notes Receivable: | ||||
Trade | 117,912 | |||
Other Receivables | 309,247 | |||
Inventories | 14,748 | |||
Recoverable Income Taxes | -59,025 | |||
Deferred Income Taxes | -33,207 | |||
Prepaid Expenses | 129,796 | |||
Total Current Assets | 510,153 | |||
Property, Plant and Equipment: | ||||
Property, Plant and Equipment | 8,066,308 | |||
Less-Accumulated Depreciation, Depletion and Amortization | 1,497,569 | |||
Total Property, Plant and Equipment-Net | 6,568,739 | |||
Other Assets: | ||||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 121,721 | |||
Other | 71,339 | |||
Total Assets | 7,271,952 | |||
Current Liabilities: | ||||
Accounts Payable | 385,381 | |||
Accounts Payable (Recoverable)- Related Parties | 182,758 | |||
Current Portion Long-Term Debt | 6,602 | |||
Short-Term Notes Payable | 720,150 | |||
Other Accrued Liabilities | 172,787 | |||
Total Current Liabilities | 1,467,678 | |||
Long-Term Debt: | 37,342 | |||
Deferred Credits and Other Liabilities | ||||
Deferred Tax Liabilities, Net | 474,517 | |||
Postretirement Benefits Other Than Pensions | 0 | |||
Pneumoconiosis | 0 | |||
Mine Closing | 0 | |||
Gas Well Closing | 116,930 | |||
Workers' Compensation | 0 | |||
Salary Retirement | 0 | |||
Reclamation | 0 | |||
Other | 94,378 | |||
Total Deferred Credits and Other Liabilities | 685,825 | |||
Total CONSOL Energy Inc. Stockholders' Equity | 5,081,107 | |||
TOTAL LIABILITIES AND EQUITY | 7,271,952 | |||
Other Guarantors Subsidiaries [Member] | ||||
Current Assets: | ||||
Cash and Cash Equivalents | 0 | |||
Accounts and Notes Receivable: | ||||
Trade | 0 | |||
Other Receivables | 12,390 | |||
Inventories | 87,125 | |||
Recoverable Income Taxes | 0 | |||
Deferred Income Taxes | 0 | |||
Prepaid Expenses | 25,341 | |||
Total Current Assets | 124,856 | |||
Property, Plant and Equipment: | ||||
Property, Plant and Equipment | 6,449,914 | |||
Less-Accumulated Depreciation, Depletion and Amortization | 2,906,304 | |||
Total Property, Plant and Equipment-Net | 3,543,610 | |||
Other Assets: | ||||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 27,544 | |||
Other | 33,527 | |||
Total Assets | 3,729,537 | |||
Current Liabilities: | ||||
Accounts Payable | 60,279 | |||
Accounts Payable (Recoverable)- Related Parties | -5,333,209 | |||
Current Portion Long-Term Debt | 3,929 | |||
Short-Term Notes Payable | 0 | |||
Other Accrued Liabilities | 310,701 | |||
Total Current Liabilities | -4,958,300 | |||
Long-Term Debt: | 114,407 | |||
Deferred Credits and Other Liabilities | ||||
Deferred Tax Liabilities, Net | 0 | |||
Postretirement Benefits Other Than Pensions | 703,680 | |||
Pneumoconiosis | 116,941 | |||
Mine Closing | 306,789 | |||
Gas Well Closing | 58,439 | |||
Workers' Compensation | 75,947 | |||
Salary Retirement | 0 | |||
Reclamation | 33,788 | |||
Other | 2,618 | |||
Total Deferred Credits and Other Liabilities | 1,298,202 | |||
Total CONSOL Energy Inc. Stockholders' Equity | 7,275,228 | |||
TOTAL LIABILITIES AND EQUITY | 3,729,537 | |||
Non-Guarantors [Member] | ||||
Current Assets: | ||||
Cash and Cash Equivalents | 1,068 | |||
Accounts and Notes Receivable: | ||||
Trade | 141,905 | |||
Other Receivables | 12 | |||
Inventories | 0 | |||
Recoverable Income Taxes | 0 | |||
Deferred Income Taxes | 0 | |||
Prepaid Expenses | 0 | |||
Total Current Assets | 142,985 | |||
Property, Plant and Equipment: | ||||
Property, Plant and Equipment | 0 | |||
Less-Accumulated Depreciation, Depletion and Amortization | 0 | |||
Total Property, Plant and Equipment-Net | 0 | |||
Other Assets: | ||||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 0 | |||
Other | 0 | |||
Total Assets | 142,985 | |||
Current Liabilities: | ||||
Accounts Payable | 0 | |||
Accounts Payable (Recoverable)- Related Parties | -68,873 | |||
Current Portion Long-Term Debt | 0 | |||
Short-Term Notes Payable | 0 | |||
Other Accrued Liabilities | 0 | |||
Total Current Liabilities | -68,873 | |||
Long-Term Debt: | 0 | |||
Deferred Credits and Other Liabilities | ||||
Deferred Tax Liabilities, Net | 0 | |||
Postretirement Benefits Other Than Pensions | 0 | |||
Pneumoconiosis | 0 | |||
Mine Closing | 0 | |||
Gas Well Closing | 0 | |||
Workers' Compensation | 0 | |||
Salary Retirement | 0 | |||
Reclamation | 0 | |||
Other | 0 | |||
Total Deferred Credits and Other Liabilities | 0 | |||
Total CONSOL Energy Inc. Stockholders' Equity | 211,858 | |||
TOTAL LIABILITIES AND EQUITY | 142,985 | |||
Consolidation, Eliminations [Member] | ||||
Current Assets: | ||||
Cash and Cash Equivalents | 0 | |||
Accounts and Notes Receivable: | ||||
Trade | 0 | |||
Other Receivables | 0 | |||
Inventories | 0 | |||
Recoverable Income Taxes | 0 | |||
Deferred Income Taxes | 0 | |||
Prepaid Expenses | 0 | |||
Total Current Assets | 0 | |||
Property, Plant and Equipment: | ||||
Property, Plant and Equipment | 0 | |||
Less-Accumulated Depreciation, Depletion and Amortization | 0 | |||
Total Property, Plant and Equipment-Net | 0 | |||
Other Assets: | ||||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | -12,568,193 | |||
Other | 0 | |||
Total Assets | -12,568,193 | |||
Current Liabilities: | ||||
Accounts Payable | 0 | |||
Accounts Payable (Recoverable)- Related Parties | 720,150 | |||
Current Portion Long-Term Debt | 0 | |||
Short-Term Notes Payable | -720,150 | |||
Other Accrued Liabilities | 0 | |||
Total Current Liabilities | 0 | |||
Long-Term Debt: | 0 | |||
Deferred Credits and Other Liabilities | ||||
Deferred Tax Liabilities, Net | 0 | |||
Postretirement Benefits Other Than Pensions | 0 | |||
Pneumoconiosis | 0 | |||
Mine Closing | 0 | |||
Gas Well Closing | 0 | |||
Workers' Compensation | 0 | |||
Salary Retirement | 0 | |||
Reclamation | 0 | |||
Other | 0 | |||
Total Deferred Credits and Other Liabilities | 0 | |||
Total CONSOL Energy Inc. Stockholders' Equity | -12,568,193 | |||
TOTAL LIABILITIES AND EQUITY | ($12,568,193) |
Guarantor_Subsidiaries_Condens
Guarantor Subsidiaries, Condensed Statement of Cash Flows (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items] | ||
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | $228,370,000 | $349,941,000 |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | 0 | -13,839,000 |
Net Cash Provided by Operating Activities | 228,370,000 | 336,102,000 |
Investing Activities: | ||
Capital Expenditures | -294,019,000 | -451,009,000 |
Proceeds from Sale of Productive Assets | 2,108,000 | 125,528,000 |
Payments for (Proceeds from) Businesses and Interest in Affiliates | -27,992,000 | -10,000,000 |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | -335,481,000 | |
Net Cash Used in Investing Activities | -319,903,000 | -335,481,000 |
Financing Activities: | ||
Repayments of Other Debt | -2,478,000 | -4,670,000 |
(Payments on) Proceeds from Short-Term Borrowings | 760,500,000 | 0 |
Tax Benefit from Stock-Based Compensation | 15,000 | 92,000 |
Payments of Dividends | -14,400,000 | -14,351,000 |
Proceeds from Issuance of Common Stock | 1,736,000 | 4,976,000 |
Proceeds from Sale of Treasury Stock | 0 | -1,000 |
Proceeds from (Payments for) Other Financing Activities | 0 | |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | -13,954,000 | |
Net Cash (Used in) Provided by Financing Activities | -80,138,000 | -13,954,000 |
Parent Issuer [Member] | ||
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items] | ||
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | -11,711,000 | |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | 0 | |
Net Cash Provided by Operating Activities | -11,711,000 | |
Investing Activities: | ||
Capital Expenditures | -531,000 | |
Proceeds from Sale of Productive Assets | 0 | |
Payments for (Proceeds from) Businesses and Interest in Affiliates | 0 | |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | -531,000 | |
Financing Activities: | ||
Repayments of Other Debt | -495,000 | |
(Payments on) Proceeds from Short-Term Borrowings | 0 | |
Tax Benefit from Stock-Based Compensation | 92,000 | |
Payments of Dividends | -14,351,000 | |
Proceeds from Issuance of Common Stock | 4,976,000 | |
Proceeds from Sale of Treasury Stock | -1,000 | |
Proceeds from (Payments for) Other Financing Activities | 0 | |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | -9,779,000 | |
CNX Gas Guarantor [Member] | ||
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items] | ||
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | 219,148,000 | |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | 0 | |
Net Cash Provided by Operating Activities | 219,148,000 | |
Investing Activities: | ||
Capital Expenditures | -265,970,000 | |
Proceeds from Sale of Productive Assets | 49,470,000 | |
Payments for (Proceeds from) Businesses and Interest in Affiliates | -12,000,000 | |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | -228,500,000 | |
Financing Activities: | ||
Repayments of Other Debt | 0 | |
(Payments on) Proceeds from Short-Term Borrowings | 19,400,000 | |
Tax Benefit from Stock-Based Compensation | 0 | |
Payments of Dividends | 0 | |
Proceeds from Issuance of Common Stock | 0 | |
Proceeds from Sale of Treasury Stock | 0 | |
Proceeds from (Payments for) Other Financing Activities | -1,456,000 | |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | 17,944,000 | |
Other Guarantors Subsidiaries [Member] | ||
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items] | ||
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | 108,944,000 | |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | 0 | |
Net Cash Provided by Operating Activities | 108,944,000 | |
Investing Activities: | ||
Capital Expenditures | -184,508,000 | |
Proceeds from Sale of Productive Assets | 76,055,000 | |
Payments for (Proceeds from) Businesses and Interest in Affiliates | 2,000,000 | |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | -106,453,000 | |
Financing Activities: | ||
Repayments of Other Debt | -3,947,000 | |
(Payments on) Proceeds from Short-Term Borrowings | 0 | |
Tax Benefit from Stock-Based Compensation | 0 | |
Payments of Dividends | 0 | |
Proceeds from Issuance of Common Stock | 0 | |
Proceeds from Sale of Treasury Stock | 0 | |
Proceeds from (Payments for) Other Financing Activities | 1,456,000 | |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | -2,491,000 | |
Non-Guarantors [Member] | ||
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items] | ||
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | 14,160,000 | |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | -13,839,000 | |
Net Cash Provided by Operating Activities | 321,000 | |
Investing Activities: | ||
Capital Expenditures | 0 | |
Proceeds from Sale of Productive Assets | 3,000 | |
Payments for (Proceeds from) Businesses and Interest in Affiliates | 0 | |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | 3,000 | |
Financing Activities: | ||
Repayments of Other Debt | -228,000 | |
(Payments on) Proceeds from Short-Term Borrowings | 0 | |
Tax Benefit from Stock-Based Compensation | 0 | |
Payments of Dividends | 0 | |
Proceeds from Issuance of Common Stock | 0 | |
Proceeds from Sale of Treasury Stock | 0 | |
Proceeds from (Payments for) Other Financing Activities | 0 | |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | -228,000 | |
Consolidation, Eliminations [Member] | ||
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items] | ||
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | 19,400,000 | |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | 0 | |
Net Cash Provided by Operating Activities | 19,400,000 | |
Investing Activities: | ||
Capital Expenditures | 0 | |
Proceeds from Sale of Productive Assets | 0 | |
Payments for (Proceeds from) Businesses and Interest in Affiliates | 0 | |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | 0 | |
Financing Activities: | ||
Repayments of Other Debt | 0 | |
(Payments on) Proceeds from Short-Term Borrowings | -19,400,000 | |
Tax Benefit from Stock-Based Compensation | 0 | |
Payments of Dividends | 0 | |
Proceeds from Issuance of Common Stock | 0 | |
Proceeds from Sale of Treasury Stock | 0 | |
Proceeds from (Payments for) Other Financing Activities | 0 | |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | ($19,400,000) |
Guarantor_Subsidiaries_Financi2
Guarantor Subsidiaries Financial Information Gurantor Subsidiaries Statement of Comprehensive Income (Details) (USD $) | 3 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2015 |
Condensed Financial Statements, Captions [Line Items] | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $116,003 | ||
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent [Abstract] | |||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | -149 | 5,119 | |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 0 | -46,965 | |
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | -19,314 | 16,313 | 58,737 |
Other Comprehensive Income (Loss), Net of Tax | -19,463 | -25,533 | |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 59,567 | 90,470 | |
Parent Issuer [Member] | |||
Condensed Financial Statements, Captions [Line Items] | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 116,003 | ||
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent [Abstract] | |||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | 5,119 | ||
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | -46,965 | ||
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | 16,313 | ||
Other Comprehensive Income (Loss), Net of Tax | -25,533 | ||
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 90,470 | ||
CNX Gas Guarantor [Member] | |||
Condensed Financial Statements, Captions [Line Items] | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 46,870 | ||
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent [Abstract] | |||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | 0 | ||
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | -46,965 | ||
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | 16,313 | ||
Other Comprehensive Income (Loss), Net of Tax | -30,652 | ||
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 16,218 | ||
Other Guarantors Subsidiaries [Member] | |||
Condensed Financial Statements, Captions [Line Items] | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 127,594 | ||
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent [Abstract] | |||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | 5,119 | ||
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 0 | ||
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | 0 | ||
Other Comprehensive Income (Loss), Net of Tax | 5,119 | ||
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 132,713 | ||
Non-Guarantors [Member] | |||
Condensed Financial Statements, Captions [Line Items] | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | -4,505 | ||
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent [Abstract] | |||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | 0 | ||
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 0 | ||
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | 0 | ||
Other Comprehensive Income (Loss), Net of Tax | 0 | ||
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -4,505 | ||
Consolidation, Eliminations [Member] | |||
Condensed Financial Statements, Captions [Line Items] | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | -169,959 | ||
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent [Abstract] | |||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | -5,119 | ||
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 46,965 | ||
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | -16,313 | ||
Other Comprehensive Income (Loss), Net of Tax | 25,533 | ||
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | ($144,426) |
Related_Party_Transaction_Deta
Related Party Transaction (Details) (USD $) | 3 Months Ended | 9 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | Sep. 30, 2014 | |
Related Party Transaction [Line Items] | |||
Partners' Capital Account, Units, Sold in Public Offering | 20,125,000 | ||
Shares Issued, Price Per Share | $22 | ||
Excess Stock, Shares Authorized | 2,625,000 | ||
Proceeds from Issuance Initial Public Offering | $413,005 | ||
Expense Related to Distribution or Servicing and Underwriting Fees | 29,745 | ||
Proceeds from Sales of Business, Affiliate and Productive Assets | 203,986 | ||
Income (Loss) from Equity Method Investments | 11,323,000 | 7,450,000 | |
Related Party Transaction, Expenses from Transactions with Related Party | 22,360,000 | 11,825,000 | |
CONE Gathering [Member] | |||
Related Party Transaction [Line Items] | |||
Limited Partners' Contributed Capital | 3,608 | 12,000 | |
Income (Loss) from Equity Method Investments | -3,000 | -4,000 | |
CONE Midstream [Member] | |||
Related Party Transaction [Line Items] | |||
Limited Partners' Contributed Capital | 30,487 | ||
Distribution Made to Limited Partner, Cash Distributions Paid | 4,103 | ||
Income (Loss) from Equity Method Investments | -5,000 | ||
CONE [Member] | |||
Related Party Transaction [Line Items] | |||
Due from Related Parties | $8,137,000 | $5,352,000 |
Stock_Repurchase_Stock_Repurch
Stock Repurchase Stock Repurchase Details (Details) (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 |
Equity [Abstract] | ||
Stock Repurchase Program, Authorized Amount | $250,000 | |
Stock Repurchased During Period, Shares | 2,213,100 | |
Treasury Stock Acquired, Average Cost Per Share | $32.37 |