Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2015 | Oct. 16, 2015 | |
Document Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2015 | |
Document Fiscal Year Focus | 2,015 | |
Document Fiscal Period Focus | Q3 | |
Entity Registrant Name | CONSOL Energy Inc | |
Entity Central Index Key | 1,070,412 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 229,053,634 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Income Statement [Abstract] | ||||
Natural Gas, NGLs and Oil Sales | $ 202,007 | $ 257,358 | $ 658,498 | $ 753,399 |
Unrealized Gain (Loss) on Derivatives | 99,137 | 0 | 134,205 | 0 |
Coal Sales | 403,602 | 483,960 | 1,314,748 | 1,554,939 |
Other Revenue, Net | 5,129 | 73,673 | 24,596 | 213,047 |
Gas Royalty Interests and Purchased Gas Sales | 14,080 | 18,815 | 39,423 | 68,773 |
Freight-Outside | 3,219 | 2,497 | 13,995 | 22,551 |
Other Income (including equity earnings) | 38,640 | 40,784 | 112,400 | 165,815 |
Gain (Loss) on Disposition of Assets | 48,124 | 7,529 | 54,604 | 12,615 |
Total Revenue and Other Income | 813,938 | 884,616 | 2,352,469 | 2,791,139 |
Oil and Gas Property, Lease Operating Expense | 26,454 | 30,005 | 83,385 | 85,622 |
Gas Gathering, Transportation, Marketing and Processing Costs | 92,606 | 68,234 | 258,329 | 179,813 |
Production Tax Expense | 8,475 | 8,486 | 24,605 | 28,817 |
E&P Direct Administration and Selling | 10,711 | 14,060 | 38,630 | 39,216 |
E&P Depreciation, Depletion, and Amortization | 89,742 | 82,538 | 262,356 | 225,766 |
Exploration and Production Costs | 3,332 | 8,045 | 7,694 | 15,765 |
Production Royalty Interests and Purchased Gas Costs | 10,989 | 15,751 | 30,751 | 58,518 |
Other Expenses | 26,986 | 13,700 | 66,633 | 60,876 |
Impairment of Oil and Gas Properties | 0 | 0 | 828,905 | 0 |
Results of Operations, General and Administrative Related to Oil and Gas Producing Activities | 12,513 | 14,874 | 42,086 | 47,755 |
Oil and Gas Production Expense | 281,808 | 255,693 | 1,643,374 | 742,148 |
Operating Expenses | 173,178 | 344,992 | 756,045 | 1,033,088 |
Taxes, Miscellaneous | 19,101 | 23,306 | 63,474 | 77,397 |
Direct Administration, Selling and Other Costs | 8,225 | 10,682 | 26,192 | 34,354 |
Coal Depreciation, Depletion, Amortization | 63,242 | 65,640 | 195,707 | 188,405 |
Freight Expense | 3,219 | 2,497 | 13,995 | 22,551 |
General and Administrative Expense | 7,477 | 10,639 | 21,786 | 34,005 |
Other Cost and Expense, Operating | 10,680 | 10,113 | 32,863 | 41,444 |
Cost of Coal Products and Services | 285,122 | 467,869 | 1,110,062 | 1,431,244 |
Other Nonoperating Expense | 14,832 | 86,993 | 39,268 | 246,355 |
Other General and Administrative Expense | 0 | 220 | 0 | 651 |
Depreciation, Depletion and Amortization, Nonproduction | 5 | 487 | 17 | 1,509 |
Gains (Losses) on Extinguishment of Debt | 0 | 20,990 | 67,751 | 95,267 |
Interest Expense | 48,558 | 55,397 | 150,187 | 170,539 |
Other General Expense | 63,395 | 164,087 | 257,223 | 514,321 |
Total Costs | 630,325 | 887,649 | 3,010,659 | 2,687,713 |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 183,613 | (3,033) | (658,190) | 103,426 |
Income Tax Expense (Benefit) | 58,143 | (1,388) | (259,389) | 8,315 |
Income (Loss) from Continuing Operations Attributable to Parent | 125,470 | (1,645) | (398,801) | 95,111 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | 0 | 0 | (5,687) |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 125,470 | (1,645) | (398,801) | 89,424 |
Net Income (Loss) Attributable to Noncontrolling Interest | 6,490 | 0 | 6,490 | 0 |
Net Income (Loss) | $ 118,980 | $ (1,645) | $ (405,291) | $ 89,424 |
Consolidated Statements of Inc3
Consolidated Statements of Income Earnings Per Share - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Earnings Per Share [Abstract] | ||||
Income (Loss) from Continuing Operations, Per Basic Share | $ 0.52 | $ (0.01) | $ (1.77) | $ 0.41 |
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share | 0 | 0 | 0 | (0.02) |
Earnings Per Share, Basic | 0.52 | (0.01) | (1.77) | 0.39 |
Income (Loss) from Continuing Operations, Per Diluted Share | 0.52 | (0.01) | (1.77) | 0.41 |
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share | 0 | 0 | 0 | (0.02) |
Earnings Per Share, Diluted | 0.52 | (0.01) | (1.77) | 0.39 |
Common Stock, Dividends, Per Share, Cash Paid | $ 0.0100 | $ 0.0625 | $ 0.1350 | $ 0.1875 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2015 | |
Condensed Statement of Income Captions [Line Items] | |||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 125,470 | $ (1,645) | $ (398,801) | $ 89,424 | |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 49,025 | 202,150 | (506,047) | 258,621 | |
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | 6,490 | 0 | 6,490 | 0 | |
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | 55,515 | 202,150 | (499,557) | 258,621 | |
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 | (49,353) | 184,154 | (40,036) | 185,475 | |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 0 | 39,151 | 0 | (20,032) | |
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | (20,602) | (19,510) | (60,720) | 3,754 | $ 17,331 |
Other Comprehensive Income (Loss), Net of Tax | $ (69,955) | $ 203,795 | $ (100,756) | $ 169,197 |
Consolidated Statements of Com5
Consolidated Statements of Comprehensive Income (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Other Comprehensive Income (Loss), Tax | $ 11,807 | $ 12,084 | $ 35,123 | $ (5,509) |
Adjustment For Actuarially Determined Liabilities [Member] | ||||
Other Comprehensive Income (Loss), Tax | 29,720 | (107,383) | 24,935 | (108,154) |
Cash Flow Hedging [Member] | ||||
Other Comprehensive Income (Loss), Tax | $ 0 | $ (25,722) | $ 0 | $ 13,161 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Current Assets: | ||
Cash and Cash Equivalents | $ 83,019 | $ 176,989 |
Accounts and Notes Receivable: | ||
Trade | 237,896 | 259,817 |
Other Receivables, Net, Current | 139,840 | 347,146 |
Inventories | 112,950 | 101,873 |
Deferred Income Taxes | 78,501 | 66,569 |
Recoverable Income Taxes | 64,693 | 20,401 |
Prepaid Expenses | 253,562 | 193,555 |
Total Current Assets | 970,461 | 1,166,350 |
Property, Plant and Equipment: | ||
Property, Plant and Equipment | 15,533,716 | 14,674,777 |
Less-Accumulated Depreciation, Depletion and Amortization | 5,774,736 | 4,512,305 |
Total Property, Plant and Equipment-Net | 9,758,980 | 10,162,472 |
Other Assets: | ||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 210,092 | 152,958 |
Other | 245,833 | 277,750 |
Total Other Assets | 455,925 | 430,708 |
Total Assets | 11,185,366 | 11,759,530 |
Current Liabilities: | ||
Accounts Payable | 331,958 | 531,973 |
Current Portion of Long-Term Debt | 12,413 | 13,016 |
Notes and Loans Payable, Current | 945,000 | 0 |
Other Accrued Liabilities | 578,332 | 602,972 |
Total Current Liabilities | 1,867,703 | 1,147,961 |
Long-Term Debt: | ||
Long-Term Debt | 2,739,291 | 3,236,422 |
Capital Lease Obligations | 37,387 | 39,456 |
Total Long-Term Debt | 2,776,678 | 3,275,878 |
Deferred Credits and Other Liabilities | ||
Deferred Tax Liabilities, Net, Noncurrent | 69,947 | 325,592 |
Postretirement Benefits Other Than Pensions | 632,049 | 703,680 |
Pneumoconiosis Benefits | 118,532 | 116,941 |
Mine Closing | 300,883 | 306,789 |
Gas Well Closing | 183,423 | 175,369 |
Workers' Compensation | 75,714 | 75,947 |
Salary Retirement | 90,459 | 109,956 |
Reclamation | 34,088 | 33,788 |
Other | 148,040 | 158,171 |
Total Deferred Credits and Other Liabilities | 1,653,135 | 2,006,233 |
TOTAL LIABILITIES | 6,297,516 | 6,430,072 |
Stockholders' Equity: | ||
Common Stock, $.01 Par Value; 500,000,000 Shares Authorized, 229,053,634 Issued and Outstanding at September 30, 2015; 230,265,463 Issued and Outstanding at December 31, 2014 | 2,294 | 2,306 |
Capital in Excess of Par Value | 2,430,834 | 2,424,102 |
Preferred Stock, 15,000,000 shares authorized, None issued and outstanding | 0 | 0 |
Retained Earnings | 2,551,721 | 3,054,150 |
Accumulated Other Comprehensive Loss | (251,856) | (151,100) |
Stockholders' Equity Attributable to Parent | 4,732,993 | 5,329,458 |
Stockholders' Equity Attributable to Noncontrolling Interest | 154,857 | 0 |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 4,887,850 | 5,329,458 |
TOTAL LIABILITIES AND EQUITY | $ 11,185,366 | $ 11,759,530 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Sep. 30, 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 | 229,053,634 | 230,265,463 |
Common Stock, Shares, Outstanding | 229,053,634 | 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 Stoc
Consolidated Statements of Stockholders' Equity - 9 months ended Sep. 30, 2015 - USD ($) $ in Thousands | 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] | Noncontrolling Interest [Member] |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2014 | $ 5,329,458 | $ 2,306 | $ 2,424,102 | $ 3,054,150 | $ (151,100) | $ 5,329,458 | $ 0 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | (398,801) | 0 | 0 | (405,291) | 0 | (405,291) | 6,490 |
Other Comprehensive Income (Loss), Net of Tax | (100,756) | 0 | 0 | 0 | (100,756) | (100,756) | 0 |
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | (499,557) | 0 | 0 | (405,291) | (100,756) | (506,047) | 6,490 |
Proceeds from Issuance of Common Stock | 8,288 | 10 | 8,278 | 0 | 0 | 8,288 | 0 |
Stock Repurchased During Period, Value | (71,674) | (22) | (17,683) | (53,969) | 0 | (71,674) | 0 |
Stock Issued During Period, Value, Treasury Stock Reissued | (12,178) | 0 | 0 | (12,178) | 0 | (12,178) | 0 |
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation | (3,699) | 0 | (3,699) | 0 | 0 | (3,699) | 0 |
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition | 19,836 | 0 | 19,836 | 0 | 0 | 19,836 | 0 |
Noncontrolling Interest, Period Increase (Decrease) | 148,367 | 0 | 0 | 0 | 0 | 0 | 148,367 |
Dividends, Cash | (30,991) | 0 | 0 | 30,991 | 0 | 30,991 | 0 |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Sep. 30, 2015 | $ 4,887,850 | $ 2,294 | $ 2,430,834 | $ 2,551,721 | $ (251,856) | $ 4,732,993 | $ 154,857 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ (398,801) | $ 89,424 |
Non-Cash Other Post-Employment Benefits | (151,871) | (35,633) |
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 | 458,080 | 415,680 |
Impairment of Oil and Gas Properties | 828,905 | 0 |
Stock-Based Compensation | 19,849 | 32,514 |
(Gain) Loss on Sale of Assets | (54,604) | (12,615) |
Gains (Losses) on Extinguishment of Debt | 67,751 | 95,267 |
Unrealized Gain (Loss) on Derivatives | (134,205) | 0 |
Deferred Income Taxes | (281,705) | 6,540 |
Equity in Earnings of Affiliates | (38,838) | (38,477) |
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital | 31,111 | 47,424 |
Changes in Operating Assets: | ||
Accounts and Notes Receivable | 77,272 | (64,241) |
Inventories | (11,077) | 12,542 |
Prepaid Expenses | 103,091 | 3,178 |
Changes in Other Assets | 22,913 | (14,339) |
Changes in Operating Liabilities: | ||
Accounts Payable | (123,376) | 151,829 |
Increase (Decrease) in Interest Payable, Net | 63,879 | 32,698 |
Other Operating Liabilities | (73,515) | 116,474 |
Changes in Other Liabilities | (9,945) | 10,703 |
Other | 9,369 | 16,450 |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | 404,283 | 871,105 |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | 0 | (20,934) |
Net Cash Provided by Operating Activities | 404,283 | 850,171 |
Investing Activities: | ||
Capital Expenditures | (895,156) | (1,174,607) |
Proceeds from Sale of Productive Assets | 83,044 | 141,136 |
Net Investment in Equity Affiliates | (70,224) | 108,532 |
Net Cash Used in Investing Activities | (882,336) | (924,939) |
Financing Activities: | ||
(Payments on) Proceeds from Short-Term Borrowings | 945,000 | (11,736) |
Payments on Miscellaneous Borrowings | (1,562) | (4,169) |
Payments On Long Term Notes Including Redemption Premium | (1,263,719) | (1,819,005) |
Net Proceeds from Revolver - MLP | 180,000 | 0 |
Proceeds from Sale of Interest in Partnership Unit | 148,359 | 0 |
Proceeds from Issuance of Long-Term Notes | 492,760 | 1,859,920 |
Tax Benefit from Stock-Based Compensation | 208 | 2,478 |
Dividends Paid | (30,991) | (43,119) |
Proceeds from Issuance of Common Stock | 8,288 | 13,403 |
Treasury Stock, Value, Acquired, Cost Method | (71,674) | 0 |
Debt Issuance and Financing Fees | (22,586) | (24,861) |
Net Cash (Used in) Provided by Financing Activities | 384,083 | (27,089) |
Cash and Cash Equivalents at Beginning of Period | 176,989 | 327,420 |
Cash and Cash Equivalents at End of Period | $ 83,019 | $ 225,563 |
Basis of Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 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 and nine months ended September 30, 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 Annual Report on 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 attributable to CONSOL Energy Shareholders 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, 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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Anti-Dilutive Options 3,650,864 4,116,136 3,650,864 359,488 Anti-Dilutive Restricted Stock Units 785,585 1,278,078 1,394,115 — Anti-Dilutive Performance Share Units — 287,226 — — Anti-Dilutive Performance Stock Options 802,804 802,804 802,804 — 5,239,253 6,484,244 5,847,783 359,488 The table below sets forth the share-based awards that have been exercised or released: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Options — 7,456 363,620 655,568 Restricted Stock Units 90,055 6,034 576,562 396,836 Performance Share Units — — 497,134 378,971 90,055 13,490 1,437,316 1,431,375 No options were exercised during the three months ended September 30, 2015 . The weighted average exercise price per share of the options exercised during the three months ended September 30, 2014 was $ 22.75 . The weighted average exercise price per share of the options exercised during the nine months ended September 30, 2015 and 2014 was $ 22.78 and $ 20.44 , respectively. The computations for basic and dilutive earnings per share are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Income (Loss) from Continuing Operations $ 125,470 $ (1,645 ) $ (398,801 ) $ 95,111 Loss from Discontinued Operations — — — (5,687 ) Net Income $ 125,470 $ (1,645 ) $ (398,801 ) $ 89,424 Net Income Attributable to Noncontrolling Interest 6,490 — 6,490 — Net Income (Loss) Attributable to CONSOL Energy Shareholders $ 118,980 $ (1,645 ) $ (405,291 ) $ 89,424 Weighted Average Shares of Common Stock Outstanding: Basic 229,036,172 230,174,256 229,230,571 229,922,936 Effect of Stock-Based Compensation Awards 315,955 — — 1,479,976 Dilutive 229,352,127 230,174,256 229,230,571 231,402,912 Earnings (Loss) per Share: Basic (Continuing Operations) $ 0.52 $ (0.01 ) $ (1.77 ) $ 0.41 Basic (Discontinued Operations) — — — (0.02 ) Total Basic $ 0.52 $ (0.01 ) $ (1.77 ) $ 0.39 Dilutive (Continuing Operations) $ 0.52 $ (0.01 ) $ (1.77 ) $ 0.41 Dilutive (Discontinued Operations) — — — (0.02 ) Total Dilutive $ 0.52 $ (0.01 ) $ (1.77 ) $ 0.39 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 ) Other comprehensive income before reclassifications — 34,566 34,566 Amounts reclassified from Accumulated Other Comprehensive Income (60,720 ) (74,602 ) (135,322 ) Current period other comprehensive loss (60,720 ) (40,036 ) (100,756 ) Balance at September 30, 2015 $ 60,801 $ (312,657 ) $ (251,856 ) The following table shows the reclassification of adjustments out of Accumulated Other Comprehensive Loss: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Derivative Instruments (Note 13) Natural Gas Price Swaps and Options $ (32,409 ) $ (31,594 ) $ (95,843 ) $ 9,263 Tax Expense (Benefit) 11,807 12,084 35,123 (5,509 ) Net of Tax $ (20,602 ) $ (19,510 ) $ (60,720 ) $ 3,754 Actuarially Determined Long-Term Liability Adjustments (Note 4 and Note 5) Amortization of Prior Service Costs $ (133,851 ) $ (2,542 ) $ (203,159 ) $ (7,625 ) Recognized Net Actuarial Loss 41,755 11,198 80,497 32,705 Curtailment Loss (Gain) 5 (36,182 ) 5 (36,182 ) Settlement loss 3,132 4,785 3,132 25,492 Total (88,959 ) (22,741 ) (119,525 ) 14,390 Tax Expense (Benefit) 33,436 8,376 44,923 (5,300 ) Net of Tax $ (55,523 ) $ (14,365 ) $ (74,602 ) $ 9,090 |
Acquisitions and Dispositions
Acquisitions and Dispositions | 9 Months Ended |
Sep. 30, 2015 | |
ACQUISITIONS AND DISPOSITIONS: [Abstract] | |
Acquisitions and Dispositions: | ACQUISITIONS AND DISPOSITIONS: In September 2015, CONSOL Energy sold its 49% interest in Western Allegheny Energy (WAE), a joint venture with Rosebud Mining Company engaged in coal mining activities in Pennsylvania. CONSOL Energy received $ 76,297 in cash and a $ 2,136 reduction in certain liabilities. During the quarter, CONSOL Energy also received a cash distribution of $10,780 from WAE. The net gain on the sale was $48,468 and was included in the Gain on Sale of Assets in the Consolidated Statements of Income. In December 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 from CEVCO 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 nine months ended September 30, 2015 , CONSOL Energy made payments to CEVCO totaling $ 50,970 . As of September 30, 2015 , the amount recorded in Other Current Liabilities was $ 11,998 and Other Long-term Liabilities was $ 26,851 . In December 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. 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 nine months ended September 30, 2014 , CONSOL Energy made an additional bonus payment of $ 16,000 to Dominion Transmission. Noble Energy Inc., our joint venture partner, acquired 50% of the acres and reimbursed CONSOL Energy for 50% of the associated payments. 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 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. |
Other Income (Notes)
Other Income (Notes) | 9 Months Ended |
Sep. 30, 2015 | |
Other Income and Other Expense Disclosure [Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Equity in Earnings of Affiliates $ 15,588 $ 18,284 $ 38,835 $ 39,796 Rental Income 9,440 9,731 28,446 35,336 Right of Way Issuance 5,097 2,485 13,047 4,898 Royalty Income 4,848 5,003 12,995 14,758 Gathering Revenue 1,590 3,636 10,064 24,386 Coal Contract Settlement — — — 30,000 Other 2,077 1,645 9,013 16,641 Total Other Income $ 38,640 $ 40,784 $ 112,400 $ 165,815 |
Pension and OPEB - Periodic Cos
Pension and OPEB - Periodic Cost | 9 Months Ended |
Sep. 30, 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 and nine months ended September 30, 2015 and 2014 are as follows: Pension Benefits Other Post-Employment Benefits Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2015 2014 2015 2014 2015 2014 2015 2014 Service cost $ 2,162 $ 4,834 $ 6,862 $ 13,625 $ — $ 2,331 $ — $ 6,994 Interest cost 8,042 8,667 25,202 26,812 6,677 12,096 20,561 36,290 Expected return on plan assets (12,903 ) (12,829 ) (38,282 ) (38,342 ) — — — — Amortization of prior service credits (166 ) (346 ) (518 ) (1,038 ) (133,685 ) (2,196 ) (202,641 ) (6,588 ) Recognized net actuarial loss 5,335 6,444 19,215 18,441 37,713 6,369 65,161 19,106 Settlement loss 3,132 4,785 3,132 25,492 — — — — Curtailment loss (gain) 5 (549 ) 5 (549 ) — (35,633 ) — (35,633 ) Net periodic cost (benefit) $ 5,607 $ 11,006 $ 15,616 $ 44,441 $ (89,295 ) $ (17,033 ) $ (116,919 ) $ 20,169 For the nine months ended September 30, 2015 , $ 8,366 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 . On September 30, 2014, the qualified pension plan was remeasured to reflect an announced plan amendment that would reduce future accruals of pension benefits as of January 1, 2015. The plan amendment called for a hard freeze of the qualified defined benefit pension plan on January 1, 2015 for employees who were under age 40 or had less than 10 years of service as of September 30, 2014. On January 1, 2015, the Company began contributing an extra 3% of eligible compensation into the 401(k) plan accounts for these affected employees. Employees who were age 40 or over and had at least 10 years of service would continue in the defined benefit pension plan unchanged. The modifications to the pension plan resulted in a $21,624 reduction in the pension liability with a corresponding adjustment of $13,659 in Other Comprehensive Income, net of $7,965 in deferred taxes. Additionally, a curtailment gain of $549 was recognized with a corresponding adjustment of $347 in Other Comprehensive Income, net of $202 in deferred taxes. On August 31, 2015, the qualified pension plan was remeasured to reflect another announced plan amendment that will reduce future accruals of pension benefits as of January 1, 2016. The plan amendment calls for a hard freeze of the qualified defined benefit pension plan on January 1, 2016 for all remaining participants in the plan. The modifications to the pension plan resulted in a $26,352 reduction in the pension liability with a corresponding adjustment of $16,448 in Other Comprehensive Income, net of $9,904 in deferred taxes. Additionally, a curtailment loss of $5 was recognized with a corresponding adjustment of $3 in Other Comprehensive Income, net of $2 in deferred taxes. The amendment resulted in a remeasurement of the qualified pension plan at August 31, 2015. The remeasurement resulted in a change to the discount rate to 4.40% from 4.07% used at December 31, 2014. The remeasurement increased the pension liability by $17,793 with a corresponding adjustment of $11,106 in Other Comprehensive Income, net of $6,687 in deferred taxes. According to the Defined Benefit Plans Topic of the Financial Accounting Standards Board (FASB) Accounting Standards Codification, if the lump sum distributions made during a plan year, which for CONSOL Energy is January 1 to December 31, exceed the total of the projected service cost and interest cost for the plan year, settlement accounting is required. Lump sum payments exceeded this threshold during the three and nine months ended September 30, 2015. Accordingly, CONSOL Energy recognized settlement expense of $3,132 for the three and nine months ended September 30, 2015 in Other Costs - Miscellaneous Operating Expense in the Consolidated Statements of Income. The settlement charges represented a pro rata portion of the net unrecognized loss based on the percentage reduction in the projected benefit obligation due to the lump sum payments. The settlement accounting was triggered in July 2015, resulting in a remeasurement at July 31. The July 31, 2015 remeasurement resulted in a change to the discount rate to 4.28% from 4.07% at December 31, 2014. The remeasurement reduced the pension liability by $1,328 . The July settlement and corresponding remeasurement of the pension plan resulted in an increase of $2,784 in Other Comprehensive Income, net of $1,676 in deferred taxes. If CONSOL Energy incurs additional lump sum distributions from the plan in the fourth quarter of 2015, additional settlement charges will be recorded. Lump sum payments also exceeded the settlement threshold during the three and nine months ended September 30, 2014. Accordingly, CONSOL Energy recognized settlement expense of $4,785 and $25,492 for the three and nine months ended September 30, 2014 in Other Costs - Miscellaneous Operating Expense in the Consolidated Statements of Income. The settlement charges represented a pro rata portion of the net unrecognized loss based on the percentage reduction in the projected benefit obligation due to the lump sum payments. The settlement accounting was initially triggered in May 2014, resulting in a remeasurement at May 31, 2014. Additional lump sum distributions during June and September 2014 resulted in remeasurements at June 30, 2014 and September 30, 2014. The September 30, 2014 remeasurement used a discount rate of 4.33% , an increase from 4.26% used at June 30, 2014. The September remeasurement increased the pension liability by $13,152 . The September settlement and corresponding remeasurement of the pension plan resulted in a decrease of $5,285 in Other Comprehensive Income, net of $3,082 in deferred taxes. The May 31, 2014 and June 30, 2014 remeasurements used a discount rate of 4.26% , a decrease from 4.87% used at December 31, 2013. The May remeasurement increased the pension liability by $41,527 . The May settlement and corresponding remeasurement of the pension plan resulted in a decrease of $14,193 in Other Comprehensive Income, net of $8,276 in deferred taxes. The June remeasurement decreased the pension liability by $6,490 . The June settlement and corresponding remeasurement of the pension plan resulted in an increase of $5,141 in Other Comprehensive Income, net of $2,998 in deferred taxes. In the third quarter of 2015, CONSOL Energy remeasured its pension plan as a result of the previously discussed plan amendment. In conjunction with this remeasurement, the method used to estimate the service and interest components of net periodic benefit cost for pension was changed. This change will also be made to other postretirement benefits during the fourth quarter during the annual remeasurement of that plan. This change compared to the previous method resulted in a decrease in the service and interest components for pension cost in the third quarter. Historically, CONSOL Energy estimated these service and interest cost components utilizing a single weighted-average discount rate derived from the yield curve used to measure the benefit obligation at the beginning of the period. CONSOL Energy has elected to utilize a full yield curve approach in the estimation of these components by applying the specific spot rates along the yield curve used in the determination of the benefit obligation to the relevant projected cash flows. This change was made to provide a more precise measurement of service and interest costs by improving the correlation between projected benefit cash flows to the corresponding spot yield curve rates. This change does not affect the measurement of the total benefit obligations or the annual net periodic benefit cost as the change in the service and interest costs is completely offset in the actuarial (gain) loss reported. CONSOL Energy has accounted for this change as a change in accounting estimate that is inseparable from a change in accounting principle and accordingly has accounted for it prospectively. On September 30, 2014, the salaried OPEB plan and Production and Maintenance (P&M) OPEB plan were remeasured to reflect an announced plan amendment that would reduce retiree medical and life insurance benefits as of September 30, 2014. Effective September 30, 2014, no retiree medical or life benefits were to be provided to active employees. Retirees as of September 30, 2014 were to continue in the OPEB plans through December 31, 2019, and coverage thereafter was to be eliminated (see below for information on an additional amendment made to these plans in 2015). The Company elected to make cash transition payments totaling approximately $46,282 to the active employees whose retiree medical and life benefits were eliminated by the changes to the OPEB plan. These cash payments are not considered to be post-retirement benefits, and as such, they are not included in the actuarial calculations related to the OPEB plans. The amendment to the OPEB plan resulted in a $315,439 reduction in the OPEB liability with a corresponding adjustment of $199,252 in Other Comprehensive Income, net of $116,187 in deferred taxes. A curtailment gain of $35,633 was recognized in September 2014 with a corresponding adjustment of $22,508 in Other Comprehensive Income, net of $13,125 in deferred taxes. The amendment resulted in a remeasurement of the OPEB plan at September 30, 2014. The remeasurement resulted in a change to the discount rate to 1.92% for the P&M OPEB plan and 1.84% for the Salaried OPEB plan from 4.88% used at December 31, 2013. The remeasurement increased the OPEB liability by $9,634 with a corresponding decrease of $6,086 in Other Comprehensive Income, net of $3,548 in deferred taxes. On May 31, 2015, the Salaried OPEB and Production and Maintenance (P&M) OPEB plans were remeasured to reflect another plan amendment. Retirees will continue in the Salaried and P&M OPEB plans until December 31, 2015, and coverage thereafter will be eliminated. The amendment to the OPEB plan resulted in a $43,598 reduction in the OPEB liability with a corresponding increase of $27,716 in Other Comprehensive Income, net of $15,882 in deferred taxes. The amendment resulted in a remeasurement of the OPEB plan at May 31, 2015. The remeasurement resulted in a change to the discount rate to 1.60% for the Salaried OPEB plan and 1.65% for the P&M OPEB plan from 1.78% and 1.84% , respectively, used at December 31, 2014. The remeasurement decreased the OPEB liability by $1,070 with a corresponding increase of $680 in Other Comprehensive Income, net of $390 in deferred taxes. CONSOL Energy expects to recognize income of $235,541 related to amortization of prior service credit, coupled with recognition of actuarial losses in Operating and Other Costs - Coal in the Consolidated Statements of Income for the year ended December 31, 2015 as a result of the changes made to the Salaried and P&M OPEB plans. 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 nine months ended September 30, 2015 , $40,547 of other post-employment benefits have been paid. |
CWP and Workers Comp - Net Peri
CWP and Workers Comp - Net Periodic Costs | 9 Months Ended |
Sep. 30, 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 and nine months ended September 30, 2015 and 2014 are as follows: CWP Workers' Compensation Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2015 2014 2015 2014 2015 2014 2015 2014 Service cost $ 1,623 $ 1,419 $ 4,868 $ 4,255 $ 2,347 $ 2,446 $ 7,042 $ 7,336 Interest cost 1,279 1,384 3,837 4,153 799 894 2,396 2,683 Amortization of actuarial gain (1,394 ) (1,549 ) (4,182 ) (4,647 ) (8 ) (96 ) (23 ) (287 ) State administrative fees and insurance bond premiums — — — — 888 999 2,764 3,039 Net periodic benefit cost $ 1,508 $ 1,254 $ 4,523 $ 3,761 $ 4,026 $ 4,243 $ 12,179 $ 12,771 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 nine months ended September 30, 2015 , $8,369 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 nine months ended September 30, 2015 , $12,540 of workers’ compensation benefits, state administrative fees and surety bond premiums have been paid. |
Income Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2015 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | INCOME TAXES: For the three months ended September 30, 2015 , the company recognized income tax expense from continuing operations of $58,143 and for the nine months ended September 30, 2015 the company recognized an income tax benefit from continuing operations of $ 259,389 . The effective tax rate differed from the statutory tax rate primarily due to the deduction for percentage depletion in excess of cost depletion related to the company’s coal operations. Additionally, for the three and nine months ended September 30, 2015, CONSOL Energy recognized tax expense primarily as a result of a change in estimate at the time the 2014 tax return was filed. The tax expense consists of $ 26,565 related to decreased percentage depletion deductions offset by $ 4,867 of tax benefit related to changes in various other estimates. The change in estimate related to the percentage depletion deduction decreased due to the company electing bonus depreciation on the 2014 U.S. Corporation Income Tax Return which allowed for a current year deduction of 50% of the basis of the assets placed in service in 2014. For the three months ended September 30, 2014 , the Company recognized an income tax benefit from continuing operations of $ 1,388 and for the nine months ended September 30, 2014 the Company recognized income tax expense from continuing operations of $ 8,315 . The effective tax rate differed from the statutory tax rate primarily due to the deduction for the percentage depletion in the excess of cost depletion related to the Company's coal operations. For the three and nine months ended September 30, 2014 , the Company recognized no tax benefit and $8,820 , respectively, related to the completion of the Internal Revenue Service audit of tax years 2008 and 2009, and no income tax benefit and $7,766 as a result of changes in estimates of excess percentage depletion and Domestic Production Activities Deduction related to the prior-year tax provision. For the three and nine months ended September 30, 2014, the Company recognized no income tax expense and $3,344 related to filing amended state income tax returns due to the completion of the Internal Revenue Service audit of tax years 2008 and 2009. There were no uncertain tax positions at September 30, 2015 and December 31, 2014 . There were no additions to the liability for unrecognized tax benefits during the nine months ended September 30, 2015 . CONSOL Energy recognizes interest accrued related to uncertain tax positions in its interest expense. No interest expense was recognized for the three and nine months ended September 30, 2015. For the three and nine months ended September 30, 2014, $32 of interest expense and $4,866 of interest income was recognized in the Company's Consolidated Statements of Income. The Company had no accrued interest liabilities relating to uncertain tax positions at September 30, 2015 or December 31, 2014 . CONSOL Energy recognizes penalties accrued related to uncertain tax positions in its income tax expense. As of September 30, 2015 and December 31, 2014 , CONSOL Energy had no accrued liabilities 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 Internal Revenue Service began its audit of tax years 2010 through 2013 in the second quarter of 2015. |
Inventories
Inventories | 9 Months Ended |
Sep. 30, 2015 | |
Inventory Disclosure [Abstract] | |
Inventories | INVENTORIES: Inventory components consist of the following: September 30, December 31, Coal $ 34,666 $ 19,242 Supplies 78,284 82,631 Total Inventories $ 112,950 $ 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 Securitizat
Accounts Receivable Securitization | 9 Months Ended |
Sep. 30, 2015 | |
ACCOUNTS RECEIVABLE SECURITIZATION: [Abstract] | |
Accounts Receivable Securitization | ACCOUNTS RECEIVABLE SECURITIZATION: CONSOL Energy and certain of its U.S. subsidiaries were party to a trade accounts receivable facility with financial institutions for the sale on a continuous basis of eligible trade accounts receivable. This facility was terminated on July 7, 2015. CNX Funding Corporation, a wholly owned, special purpose, bankruptcy-remote subsidiary, bought and sold eligible trade receivables generated by certain subsidiaries of CONSOL Energy. Under the receivables facility, CONSOL Energy and certain subsidiaries, irrevocably and without recourse, sold all of their eligible trade accounts receivable to CNX Funding Corporation, who in turn sold 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 was included in Accounts and Notes Receivable-Trade in the Consolidated Balance Sheets, was 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 were part of this program, the fair value of its retained interest approximated the total amount of the designated pool of accounts receivable. CONSOL Energy serviced the sold trade receivables for the financial institutions for a fee based upon market rates for similar services. CONSOL Energy recorded transactions under the securitization facility as secured borrowings on the Consolidated Balance Sheets. The pledge of collateral was reported as Accounts Receivable - Securitized and the borrowings were classified as debt in Borrowings under Securitization Facility. At December 31, 2014 , eligible accounts receivable totaled $77,800 , outstanding letters of credit were $60,230 , and there were no outstanding borrowings. After taking into account outstanding letters of credit and outstanding borrowings, there remained $17,570 in subordinated retained interest at December 31, 2014 . These changes were 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 | 9 Months Ended |
Sep. 30, 2015 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment | PROPERTY, PLANT AND EQUIPMENT: September 30, December 31, E&P Property, Plant and Equipment Intangible drilling cost $ 3,360,325 $ 2,798,394 Proven gas properties 1,790,731 1,768,007 Unproven gas properties 1,549,075 1,540,835 Gas gathering equipment 1,122,071 1,088,238 Gas wells and related equipment 838,091 716,748 Other gas assets 123,584 123,539 Gas advance royalties 19,616 20,580 Total E&P Property, Plant and Equipment $ 8,803,493 $ 8,056,341 Less: Accumulated Depreciation, Depletion and Amortization 2,599,543 1,523,761 Total E&P Property, Plant and Equipment - Net $ 6,203,950 $ 6,532,580 Coal and Other Property, Plant and Equipment: Coal and other plant and equipment $ 3,821,403 $ 3,726,514 Coal properties and surface lands 1,367,003 1,358,306 Airshafts 475,307 468,924 Mine development 412,089 414,501 Coal advance mining royalties 390,756 386,245 Leased coal lands 263,665 263,946 Total Coal and Other Property, Plant and Equipment $ 6,730,223 $ 6,618,436 Less: Accumulated Depreciation, Depletion and Amortization 3,175,193 2,988,544 Total Coal and Corporate Property, Plant and Equipment - Net $ 3,555,030 $ 3,629,892 Total Company Property, Plant and Equipment $ 15,533,716 $ 14,674,777 Less - Total Company Accumulated Depreciation, Depletion and Amortization 5,774,736 4,512,305 Total Company Property, Plant and Equipment - Net $ 9,758,980 $ 10,162,472 Impairment of Proven Properties CONSOL Energy performs a quantitative annual impairment test, during the fourth quarter of each year, over proven properties using the published NYMEX forward prices, timing, methods and other assumptions consistent with historical periods. During interim periods, management updates these annual tests whenever events or changes in circumstances indicate that a property’s carrying amount may not be recoverable. Throughout the first six months of 2015, spot prices and forward curves for natural gas continued to decline from December 31, 2014 prices, which together with other macro-economic factors in the exploration and production industry were deemed indicators of impairment for all of the Company's natural gas assets. Impairment tests require that the Company first compare future undiscounted cash flows by asset group to their respective carrying values. If the carrying amount exceeds the estimated undiscounted future cash flows, a reduction of the carrying amount of the natural gas properties to their estimated fair values is required, which is determined based on discounted cash flow techniques using a market-specific weighted average cost of capital. During the quarter ended June 30, 2015, certain of the Company’s producing gas properties, primarily shallow oil and gas assets, failed the undiscounted cash flow portion of the test. After performing the discounted cash flow portion of the test, CONSOL Energy recorded an impairment of $ 824,742 in the Impairment of Exploration and Production Properties in the Consolidated Statement of Income. Valuation of the impaired assets is a Level 3 measurement as it incorporates significant unobservable inputs, such as future production levels and operating costs, within the discounted cash flow analysis. The impairment related to approximately 95% of the Company’s shallow oil and gas assets in West Virginia and Pennsylvania. Impairment of Unproven Properties CONSOL Energy evaluates capitalized costs of unproven gas properties for recoverability on a prospective basis. Indicators of potential impairment include potential shifts in business strategy, overall economic factors and historical experience. If it is determined that the properties will not yield proven reserves, the related costs are expensed in the period the determination is made. For the quarter ended June 30, 2015, unproven property impairments relating to the determination that the properties will not yield proven reserves were $ 4,163 and are included in the Impairment of Exploration and Production Properties in the Consolidated Statement of Income. Valuation of the impaired assets is a Level 3 measurement as it incorporates significant unobservable inputs, such as future production levels and operating costs, within the discounted cash flow analysis. This impairment primarily relates to the court ruling in June 2015 in the state of New York that officially bans hydraulic fracturing. 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 155,000 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 September 30, 2015 , Hess’ remaining carry obligation is $ 39,705 . For the nine months ended September 30, 2015 and September 30, 2014, Hess' carry payments to CNX Gas Company reduced capital expenditures by $ 82,863 and $ 68,081 , respectively. CNX Gas Company is party to a joint development agreement with Noble Energy, Inc. (Noble) with respect to approximately 700,000 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 September 30, 2015 , Noble Energy’s remaining carry obligation is $1,624,448 . For the nine months ended September 30, 2015 and September 30, 2014 , Noble's carry payments to CNX Gas Company reduced capital expenditures by $ 25,578 and $ 103,044 , respectively. |
Short-Term Notes Payable
Short-Term Notes Payable | 9 Months Ended |
Sep. 30, 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 syndication agent and approved by the required number of lenders in good faith by calculating a value of CONSOL Energy's proved gas reserves. The Company's senior secured credit facility is currently under redetermination and CONSOL Energy expects this process to be finalized in November 2015. 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. In May 2015, the facility was amended to allow, among other things, spinoffs, or other public equity offering transactions, in regard to subsidiaries that own metallurgical coal assets and thermal coal assets, and all arrangements, actions and transactions in connection therewith, including releases of associated entities or assets from the Credit Agreement and any liens granted under the loan documents. The Amendment also permits the incurrence of a term loan facility up to an aggregate principal amount of $600,000 at subsidiaries of the Company that own the thermal coal assets and the incurrence of a revolving credit facility up to an aggregate principal amount of $300,000 at subsidiaries of the Company that own the metallurgical coal assets. 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, measured quarterly. At September 30, 2015 , the interest coverage ratio was 4.86 to 1.00 and the current ratio was 1.96 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 E&P 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. The calculation of all of the ratios above exclude CNX Coal Resources LP (CNXC). At September 30, 2015 , the $2,000,000 facility had $ 945,000 of borrowings outstanding and $ 280,501 of letters of credit outstanding, leaving $ 774,499 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. |
Long-Term Debt
Long-Term Debt | 9 Months Ended |
Sep. 30, 2015 | |
Long-term Debt, Other Disclosures [Abstract] | |
Long-term Debt | LONG-TERM DEBT: September 30, December 31, Debt: Senior notes due April 2022 at 5.875%, including amortization of bond premium $ 1,855,840 $ 1,856,506 Senior notes due April 2023 at 8.00%, including amortization of bond discount 493,213 — Revolving Credit Facility - CNX Coal Resources LP 180,000 — MEDCO revenue bonds in series due September 2025 at 5.75% 102,865 102,865 Senior notes due April 2020 at 8.25%, issued at par value 74,470 1,014,800 Senior notes due March 2021 at 6.375%, issued at par value 20,611 250,000 Advance royalty commitments (7.91% weighted average interest rate for September 30, 2015 and December 31, 2014) 13,470 13,473 Other long-term note maturing in 2018 (total value of $3,440 and $4,473 less unamortized discount of $397 and $643 at September 30, 2015 and December 31, 2014, respectively) 3,043 3,830 2,743,512 3,241,474 Less amounts due in one year * 4,221 5,052 Long-Term Debt $ 2,739,291 $ 3,236,422 * Excludes current portion of Capital Lease Obligations of $8,192 and $ 7,964 at September 30, 2015 and December 31, 2014 , respectively. Accrued interest related to Long-Term Debt of $ 73,902 and $ 51,159 was included in Other Accrued Liabilities in the Consolidated Balance Sheets at September 30, 2015 and December 31, 2014 , respectively. |
Commitments and Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 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. We accrue the estimated loss for these lawsuits and claims when the loss is probable and can be estimated. Our 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 $641,513 . 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 a Renewed Motion for Class Certification, and on June 23, 2015 CNX Gas Company filed its Opposition to same. The Court held a hearing on the Renewed Motion on September 18, 2015. The Court took the Motion under advisement and has not yet issued a ruling. 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 a Renewed Motion for Class Certification, and on June 23, 2015 CNX Gas Company filed its Opposition to same. The Court held a hearing on the Renewed Motion on September 18, 2015. The Court took the Motion under advisement and has not yet issued a ruling. 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. 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 (NPDES) 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 related to the coal refuse disposal area. In early 2013, the case was referred to the U.S. Department of Justice (DOJ), and Pennsylvania Department of Environmental Protection (PA DEP) 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 is included in Other Accrued Liabilities on the Consolidated Balance Sheets. The following royalty and land rights 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 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 four lawsuits naming Consolidation Coal Company (CCC), Island Creek Coal Company (ICCC), CNX Gas Company, and/or CONSOL Energy. All 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 Buchanan Mine into void spaces in inactive ICCC mines adjacent to the Buchanan operations, 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 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. On October 26, 2015, the Court granted summary judgment in favor of CONSOL Energy in two of the four cases upon its finding that the applicable statute of limitations barred each of the causes of action asserted by the plaintiffs. The Company intends to vigorously defend the remaining two suits. 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 No. 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. Plaintiffs filed Notices of Appeal with the Pennsylvania Superior Court. On April 22, 2015, the Superior Court issued its decision, affirming each of the orders and judgments entered in favor of CONSOL Energy by the trial court. Plaintiffs have filed a Petition for Allowance of Appeal with the Pennsylvania Supreme Court, which has not yet decided whether to grant the appeal. 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 September 30, 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 Amounts Committed Less Than 1 Year 1-3 Years 3-5 Years Beyond 5 Years Letters of Credit: Employee-Related $ 88,632 $ 27,434 $ 61,198 $ — $ — Environmental 4,786 3,058 1,728 — — Other 187,082 38,758 148,324 — — Total Letters of Credit 280,500 69,250 211,250 — — Surety Bonds: Employee-Related 114,678 114,678 — — — Environmental 543,778 542,932 846 — — Other 24,323 24,318 4 1 — Total Surety Bonds 682,779 681,928 850 1 — Guarantees: Coal 58,450 50,100 8,350 — — Other 78,153 40,858 15,140 12,484 9,671 Total Guarantees 136,603 90,958 23,490 12,484 9,671 Total Commitments $ 1,099,882 $ 842,136 $ 235,590 $ 12,485 $ 9,671 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 September 30, 2015 , and December 31, 2014, the fair value of these guarantees were $ 1,195 and $1,275 , respectively, 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 September 30, 2015 , the purchase obligations for each of the next five years and beyond were as follows: Obligations Due Amount Less than 1 year $ 207,816 1 - 3 years 278,404 3 - 5 years 190,761 More than 5 years 553,266 Total Purchase Obligations $ 1,230,247 |
Derivative Instruments
Derivative Instruments | 9 Months Ended |
Sep. 30, 2015 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Instruments: | DERIVATIVE INSTRUMENTS: CONSOL Energy enters into financial 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 gains deferred in Other Comprehensive Income (OCI) will be immediately recorded in earnings. CONSOL Energy is exposed to credit risk in the event of non-performance 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 instruments 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 by counterparty. 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 367.9 Bcf at September 30, 2015 and are forecasted to settle through 2018. At December 31, 2014 , the commodity derivative instruments accounted for a total notional amount of production of 215.9 Bcf. At September 30, 2015 , the basis only swaps were for notional amounts of 75.3 Bcf and are forecasted to settle through 2016. 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 September 30, 2015 and December 31, 2014 were as follows: Asset Derivative Instruments Liability Derivative Instruments September 30, December 31, September 30, December 31, 2015 2014 2015 2014 Commodity Derivative Instruments Prepaid Expense $ 181,744 $ 123,676 Other Liabilities $ 888 $ — Other Assets 52,666 68,656 Other Accrued Liabilities 7,160 — Total Asset: $ 234,410 $ 192,332 Total Liability: $ 8,048 $ — Basis Only Swaps Prepaid Expense $ 6,250 $ 1,064 Other Liabilities $ 1,628 $ — Other Assets 447 — Other Accrued Liabilities — 327 Total Asset: $ 6,697 $ 1,064 Total Liability: $ 1,628 $ 327 The change in the fair value of the Company's commodity derivative instruments resulted in a gain of $102,771 being recorded in Unrealized Gain on Commodity Derivative Instruments on the Consolidated Statements of Income for the three months ended September 30, 2015 . No gain or loss was recorded for the three months ended September 30, 2014 . A gain of $137,032 was recorded to Unrealized Gain on Commodity Derivative Instruments on the Consolidated Statements of Income for the nine months ended September 30, 2015 . No gain or loss was recorded for the nine months ended September 30, 2014 . The basis only swaps resulted in a loss of $3,634 being recorded in Unrealized Gain on Commodity Derivative Instruments on the Consolidated Statements of Income for the three months ended September 30, 2015 . No gain or loss was recorded for the three months ended September 30, 2014 . A loss of $2,827 was recorded to Unrealized Gain on Commodity Derivative Instruments on the Consolidated Statements of Income for the nine months ended September 30, 2015 . No gain or loss was recorded for the nine months ended September 30, 2014 . 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, were as follows: For the Three Months Ended September 30, 2015 2014 Natural Gas Price Swaps and Options Beginning Balance – Accumulated OCI $ 81,403 $ 6,574 Gain/(Loss) recognized in Accumulated OCI — 39,151 Amounts reclassified from Accumulated OCI (Net of tax: $11,807, $12,084) 20,602 19,510 Ending Balance – Accumulated OCI $ 60,801 $ 26,215 Gain recognized in Outside Sales for ineffectiveness * $ — $ 1,850 For the Nine Months Ended September 30, 2015 2014 Natural Gas Price Swaps and Options Beginning Balance – Accumulated OCI $ 121,521 $ 42,493 Gain/(Loss) recognized in Accumulated OCI — (20,032 ) Amounts reclassified from Accumulated OCI (Net of tax: $35,123, ($5,509)) 60,720 (3,754 ) Ending Balance – Accumulated OCI $ 60,801 $ 26,215 Gain recognized in Outside Sales for ineffectiveness * $ — $ 2,713 * No amounts were excluded from effectiveness testing of cash flow hedges. CONSOL Energy expects to reclassify an additional $17,331 , net of tax of $9,931 , out of Accumulated Other Comprehensive Income over the remaining period ended December 31, 2015. |
Fair Value of Financial Instrum
Fair Value of Financial Instruments | 9 Months Ended |
Sep. 30, 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 September 30, 2015 Fair Value Measurements at December 31, 2014 Description (Level 1) (Level 2) (Level 3) (Level 1) (Level 2) (Level 3) Gas Derivatives $ — $ 231,431 $ — $ — $ 193,069 $ — Murray Energy Guarantees $ — $ — $ 1,195 $ — $ — $ 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. 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: September 30, 2015 December 31, 2014 Carrying Amount Fair Value Carrying Amount Fair Value Cash and Cash Equivalents $ 83,019 $ 83,019 $ 176,989 $ 176,989 Short-Term Notes Payable $ (945,000 ) $ (945,000 ) $ — $ — Long-Term Debt $ (2,743,512 ) $ (1,938,413 ) $ (3,241,474 ) $ (3,169,154 ) |
Segment Information
Segment Information | 9 Months Ended |
Sep. 30, 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 and nine months ended September 30, 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 and nine months ended September 30, 2015 , the VA Operations aggregated segment includes the Buchanan Mine and the corresponding preparation plant facilities. For the three and nine months ended September 30, 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 | 9 Months Ended |
Sep. 30, 2015 | |
NOTE 16- RELATED PARTY TRANSACTIONS [Abstract] | |
Related Party Transactions Disclosure [Text Block] | RELATED PARTY TRANSACTIONS: CONE Midstream Partners LP On September 30, 2011, CNX Gas Company and Noble Energy, Inc., an unrelated third party and joint venture partner, formed CONE Gathering LLC (CONE) 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 September 30, 2014 , CONE Midstream Partners, LP (the Partnership) closed its initial public offering of 20,125,000 common units representing limited partnership interests at a price to the public of $22.00 per unit, which included a 2,625,000 common unit over-allotment option that was exercised in full by the underwriters. The Partnership's general partner is CONE Midstream GP LLC, a wholly owned subsidiary of CONE Gathering LLC. As a result of the IPO filing, the Partnership received net proceeds of $412,741 from the offering, after deducting underwriting discounts and commissions, and structuring fees of $28,779 along with additional estimated offering expenses of approximately $1,230 . Of the proceeds received, $203,986 was distributed to both CNX Gas Company LLC ("CNX Gas Company") and Noble Energy on September 30, 2014 . During the nine months ended September 30, 2015 , there were $ 8,541 of additional capital contributions to CONE Gathering, LLC and $ 58,212 to the Partnership. The capital contributions were offset, in part, by $ 12,364 of distributions from the Partnership. During the nine months ended September 30, 2014 , there were $ 67,000 of additional capital contributions to CONE Gathering, LLC. Following the CONE Midstream Partners IPO in September 2014, 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 September 30, 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 September 30, 2015 and 2014 related to CONE Gathering LLC was $6,423 and $9,615 , respectively. Equity in earnings of affiliates related to CONE Midstream Partners, LP was $6,310 during the three months ended September 30, 2015. For the nine months ended September 30, 2015 and 2014, equity in earnings of affiliates related to CONE Gathering LLC was $ 14,099 and $ 20,839 , respectively. For the nine months ended September 30, 2015, equity in earnings of affiliates related to CONE Midstream Partners, LP was $ 15,671 . During the nine months ended September 30, 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. Gathering services received were $27,890 and $17,794 for the three months ended September 30, 2015 and 2014, respectively. For the nine months ended September 30, 2015 and 2014, gathering services were $75,176 and $44,001 , respectively. These costs were included in Exploration and Production Costs - Transportation, Gathering and Compression on CONSOL Energy’s accompanying Consolidated Statements of Income. At September 30, 2015 and December 31, 2014, CONSOL Energy had a net payable of $7,213 and $21,535 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. During the three and nine months ended September 30, 2015 , CONSOL Energy purchased no supply inventory and $ 2,239 of supply inventory from the Partnership, respectively. CNX Coal Resources LP On July 7, 2015, CNX Coal Resources LP (CNXC) closed its initial public offering of 5,000,000 common units representing limited partnership interests at a price to the public of $15.00 per unit. Additionally, Greenlight Capital entered into a common unit purchase agreement with CNXC pursuant to which Greenlight Capital agreed to purchase, and CNXC agreed to sell, 5,000,000 common units at a price per unit equal to $15.00 , which equates to $75,000 in net proceeds. CNXC's general partner is CNX Coal Resources GP, a wholly owned subsidiary of CONSOL Energy. The underwriters of the IPO filing exercised an over-allotment option of 561,067 common units to the public at $15.00 per unit. In connection with the IPO offering, CNXC entered into a $400,000 senior secured revolving credit facility with certain lenders and PNC Bank, National Association, as administrative agent ("PNC"). Obligations under the revolving credit facility are guaranteed by certain of CNXC's subsidiaries (the "guarantor subsidiaries") and are secured by substantially all of CNXC's and CNXC's subsidiaries' assets pursuant to a security agreement and various mortgages. In connection with the new revolving credit facility, CNXC made an initial draw of $200,000 , and after origination fees of $3,000 , the net proceeds were $197,000 . The total net proceeds related to these transactions that were distributed to CONSOL Energy were $342,711 . Charges for services from CONSOL Energy include the following: Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2015 2014 2015 2014 Operating and Other Costs $ 1,680 $ 1,337 $ 3,468 $ 3,784 Selling and Direct Administrative Expenses 1,034 1,411 3,297 4,530 General and Administrative Expenses 2,027 2,718 6,747 9,595 Total Services from CONSOL Energy $ 4,741 $ 5,466 $ 13,512 $ 17,909 At September 30, 2015 , CNXC had a net payable to CONSOL Energy in the amount of $1,188 . This payable includes reimbursements for business expenses, executive fees, debt issuance and financing fees, stock-based compensation and other items. |
Stock Repurchase (Notes)
Stock Repurchase (Notes) | 9 Months Ended |
Sep. 30, 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 September 30, 2015 , no shares were repurchased. During the nine months ended September 30, 2015 , 2,213,100 shares were repurchased and retired at an average price of $ 32.37 per share. |
Recent Accounting Pronouncement
Recent Accounting Pronouncements (Notes) | 9 Months Ended |
Sep. 30, 2015 | |
Accounting Changes and Error Corrections [Abstract] | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers. The standard requires an entity to recognize revenue in a manner that depicts the transfer of goods or services to customers at an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU No. 2014-09 will replace most of the existing revenue recognition requirements in United States GAAP when it becomes effective. In July 2015, the FASB approved the deferral of the effective date of this ASU to annual reporting periods beginning after December 15, 2017, with the option to adopt as early as annual reporting periods beginning after December 15, 2016. The Company is currently evaluating the method of adoption and impact this standard will have on its financial statements and related disclosures. |
Subsequent Event (Notes)
Subsequent Event (Notes) | 9 Months Ended |
Sep. 30, 2015 | |
Subsequent Event [Line Items] | |
Subsequent Events [Text Block] | In October 2015, CONSOL Energy sold to private entities various non-strategic assets, including lignite reserves in South Texas and surface acreage in Illinois, for total cash proceeds of approximately $9,500 . The financial gain for this transaction was approximately $8,800 . |
Basis of Presentation (Tables)
Basis of Presentation (Tables) | 9 Months Ended |
Sep. 30, 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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Income (Loss) from Continuing Operations $ 125,470 $ (1,645 ) $ (398,801 ) $ 95,111 Loss from Discontinued Operations — — — (5,687 ) Net Income $ 125,470 $ (1,645 ) $ (398,801 ) $ 89,424 Net Income Attributable to Noncontrolling Interest 6,490 — 6,490 — Net Income (Loss) Attributable to CONSOL Energy Shareholders $ 118,980 $ (1,645 ) $ (405,291 ) $ 89,424 Weighted Average Shares of Common Stock Outstanding: Basic 229,036,172 230,174,256 229,230,571 229,922,936 Effect of Stock-Based Compensation Awards 315,955 — — 1,479,976 Dilutive 229,352,127 230,174,256 229,230,571 231,402,912 Earnings (Loss) per Share: Basic (Continuing Operations) $ 0.52 $ (0.01 ) $ (1.77 ) $ 0.41 Basic (Discontinued Operations) — — — (0.02 ) Total Basic $ 0.52 $ (0.01 ) $ (1.77 ) $ 0.39 Dilutive (Continuing Operations) $ 0.52 $ (0.01 ) $ (1.77 ) $ 0.41 Dilutive (Discontinued Operations) — — — (0.02 ) Total Dilutive $ 0.52 $ (0.01 ) $ (1.77 ) $ 0.39 |
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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Anti-Dilutive Options 3,650,864 4,116,136 3,650,864 359,488 Anti-Dilutive Restricted Stock Units 785,585 1,278,078 1,394,115 — Anti-Dilutive Performance Share Units — 287,226 — — Anti-Dilutive Performance Stock Options 802,804 802,804 802,804 — 5,239,253 6,484,244 5,847,783 359,488 |
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 ) Other comprehensive income before reclassifications — 34,566 34,566 Amounts reclassified from Accumulated Other Comprehensive Income (60,720 ) (74,602 ) (135,322 ) Current period other comprehensive loss (60,720 ) (40,036 ) (100,756 ) Balance at September 30, 2015 $ 60,801 $ (312,657 ) $ (251,856 ) |
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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Derivative Instruments (Note 13) Natural Gas Price Swaps and Options $ (32,409 ) $ (31,594 ) $ (95,843 ) $ 9,263 Tax Expense (Benefit) 11,807 12,084 35,123 (5,509 ) Net of Tax $ (20,602 ) $ (19,510 ) $ (60,720 ) $ 3,754 Actuarially Determined Long-Term Liability Adjustments (Note 4 and Note 5) Amortization of Prior Service Costs $ (133,851 ) $ (2,542 ) $ (203,159 ) $ (7,625 ) Recognized Net Actuarial Loss 41,755 11,198 80,497 32,705 Curtailment Loss (Gain) 5 (36,182 ) 5 (36,182 ) Settlement loss 3,132 4,785 3,132 25,492 Total (88,959 ) (22,741 ) (119,525 ) 14,390 Tax Expense (Benefit) 33,436 8,376 44,923 (5,300 ) Net of Tax $ (55,523 ) $ (14,365 ) $ (74,602 ) $ 9,090 |
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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Options — 7,456 363,620 655,568 Restricted Stock Units 90,055 6,034 576,562 396,836 Performance Share Units — — 497,134 378,971 90,055 13,490 1,437,316 1,431,375 |
Pension and OPEB - Periodic C30
Pension and OPEB - Periodic Cost (Tables) | 9 Months Ended |
Sep. 30, 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 and nine months ended September 30, 2015 and 2014 are as follows: Pension Benefits Other Post-Employment Benefits Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2015 2014 2015 2014 2015 2014 2015 2014 Service cost $ 2,162 $ 4,834 $ 6,862 $ 13,625 $ — $ 2,331 $ — $ 6,994 Interest cost 8,042 8,667 25,202 26,812 6,677 12,096 20,561 36,290 Expected return on plan assets (12,903 ) (12,829 ) (38,282 ) (38,342 ) — — — — Amortization of prior service credits (166 ) (346 ) (518 ) (1,038 ) (133,685 ) (2,196 ) (202,641 ) (6,588 ) Recognized net actuarial loss 5,335 6,444 19,215 18,441 37,713 6,369 65,161 19,106 Settlement loss 3,132 4,785 3,132 25,492 — — — — Curtailment loss (gain) 5 (549 ) 5 (549 ) — (35,633 ) — (35,633 ) Net periodic cost (benefit) $ 5,607 $ 11,006 $ 15,616 $ 44,441 $ (89,295 ) $ (17,033 ) $ (116,919 ) $ 20,169 |
CWP and Workers Comp - Net Pe31
CWP and Workers Comp - Net Periodic Costs (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
CWP And Workers Comp Net Periodic Cost [Abstract] | |
Schedule Of Postemployment Benefits Disclosure [Text Block] | Components of net periodic benefit costs for the three and nine months ended September 30, 2015 and 2014 are as follows: CWP Workers' Compensation Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2015 2014 2015 2014 2015 2014 2015 2014 Service cost $ 1,623 $ 1,419 $ 4,868 $ 4,255 $ 2,347 $ 2,446 $ 7,042 $ 7,336 Interest cost 1,279 1,384 3,837 4,153 799 894 2,396 2,683 Amortization of actuarial gain (1,394 ) (1,549 ) (4,182 ) (4,647 ) (8 ) (96 ) (23 ) (287 ) State administrative fees and insurance bond premiums — — — — 888 999 2,764 3,039 Net periodic benefit cost $ 1,508 $ 1,254 $ 4,523 $ 3,761 $ 4,026 $ 4,243 $ 12,179 $ 12,771 |
Inventories (Tables)
Inventories (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Inventory Disclosure [Abstract] | |
Inventory components | September 30, December 31, Coal $ 34,666 $ 19,242 Supplies 78,284 82,631 Total Inventories $ 112,950 $ 101,873 |
Property, Plant and Equipment (
Property, Plant and Equipment (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment | September 30, December 31, E&P Property, Plant and Equipment Intangible drilling cost $ 3,360,325 $ 2,798,394 Proven gas properties 1,790,731 1,768,007 Unproven gas properties 1,549,075 1,540,835 Gas gathering equipment 1,122,071 1,088,238 Gas wells and related equipment 838,091 716,748 Other gas assets 123,584 123,539 Gas advance royalties 19,616 20,580 Total E&P Property, Plant and Equipment $ 8,803,493 $ 8,056,341 Less: Accumulated Depreciation, Depletion and Amortization 2,599,543 1,523,761 Total E&P Property, Plant and Equipment - Net $ 6,203,950 $ 6,532,580 Coal and Other Property, Plant and Equipment: Coal and other plant and equipment $ 3,821,403 $ 3,726,514 Coal properties and surface lands 1,367,003 1,358,306 Airshafts 475,307 468,924 Mine development 412,089 414,501 Coal advance mining royalties 390,756 386,245 Leased coal lands 263,665 263,946 Total Coal and Other Property, Plant and Equipment $ 6,730,223 $ 6,618,436 Less: Accumulated Depreciation, Depletion and Amortization 3,175,193 2,988,544 Total Coal and Corporate Property, Plant and Equipment - Net $ 3,555,030 $ 3,629,892 Total Company Property, Plant and Equipment $ 15,533,716 $ 14,674,777 Less - Total Company Accumulated Depreciation, Depletion and Amortization 5,774,736 4,512,305 Total Company Property, Plant and Equipment - Net $ 9,758,980 $ 10,162,472 |
Long-Term Debt (Tables)
Long-Term Debt (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Long-term Debt, Other Disclosures [Abstract] | |
Schedule of Long-term Debt | September 30, December 31, Debt: Senior notes due April 2022 at 5.875%, including amortization of bond premium $ 1,855,840 $ 1,856,506 Senior notes due April 2023 at 8.00%, including amortization of bond discount 493,213 — Revolving Credit Facility - CNX Coal Resources LP 180,000 — MEDCO revenue bonds in series due September 2025 at 5.75% 102,865 102,865 Senior notes due April 2020 at 8.25%, issued at par value 74,470 1,014,800 Senior notes due March 2021 at 6.375%, issued at par value 20,611 250,000 Advance royalty commitments (7.91% weighted average interest rate for September 30, 2015 and December 31, 2014) 13,470 13,473 Other long-term note maturing in 2018 (total value of $3,440 and $4,473 less unamortized discount of $397 and $643 at September 30, 2015 and December 31, 2014, respectively) 3,043 3,830 2,743,512 3,241,474 Less amounts due in one year * 4,221 5,052 Long-Term Debt $ 2,739,291 $ 3,236,422 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Long-term Purchase Commitment [Table Text Block] | At September 30, 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 Amounts Committed Less Than 1 Year 1-3 Years 3-5 Years Beyond 5 Years Letters of Credit: Employee-Related $ 88,632 $ 27,434 $ 61,198 $ — $ — Environmental 4,786 3,058 1,728 — — Other 187,082 38,758 148,324 — — Total Letters of Credit 280,500 69,250 211,250 — — Surety Bonds: Employee-Related 114,678 114,678 — — — Environmental 543,778 542,932 846 — — Other 24,323 24,318 4 1 — Total Surety Bonds 682,779 681,928 850 1 — Guarantees: Coal 58,450 50,100 8,350 — — Other 78,153 40,858 15,140 12,484 9,671 Total Guarantees 136,603 90,958 23,490 12,484 9,671 Total Commitments $ 1,099,882 $ 842,136 $ 235,590 $ 12,485 $ 9,671 |
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 September 30, 2015 , the purchase obligations for each of the next five years and beyond were as follows: Obligations Due Amount Less than 1 year $ 207,816 1 - 3 years 278,404 3 - 5 years 190,761 More than 5 years 553,266 Total Purchase Obligations $ 1,230,247 |
Derivative Instruments (Tables)
Derivative Instruments (Tables) | 9 Months Ended |
Sep. 30, 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, were as follows: For the Three Months Ended September 30, 2015 2014 Natural Gas Price Swaps and Options Beginning Balance – Accumulated OCI $ 81,403 $ 6,574 Gain/(Loss) recognized in Accumulated OCI — 39,151 Amounts reclassified from Accumulated OCI (Net of tax: $11,807, $12,084) 20,602 19,510 Ending Balance – Accumulated OCI $ 60,801 $ 26,215 Gain recognized in Outside Sales for ineffectiveness * $ — $ 1,850 For the Nine Months Ended September 30, 2015 2014 Natural Gas Price Swaps and Options Beginning Balance – Accumulated OCI $ 121,521 $ 42,493 Gain/(Loss) recognized in Accumulated OCI — (20,032 ) Amounts reclassified from Accumulated OCI (Net of tax: $35,123, ($5,509)) 60,720 (3,754 ) Ending Balance – Accumulated OCI $ 60,801 $ 26,215 Gain recognized in Outside Sales for ineffectiveness * $ — $ 2,713 * No amounts were excluded from effectiveness testing of cash flow hedges. CONSOL Energy expects to reclassify an additional $17,331 , net of tax of $9,931 , out of Accumulated Other Comprehensive Income over the remaining period ended December 31, 2015. |
Fair Value of Financial Instr37
Fair Value of Financial Instruments (Tables) | 9 Months Ended |
Sep. 30, 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 September 30, 2015 Fair Value Measurements at December 31, 2014 Description (Level 1) (Level 2) (Level 3) (Level 1) (Level 2) (Level 3) Gas Derivatives $ — $ 231,431 $ — $ — $ 193,069 $ — Murray Energy Guarantees $ — $ — $ 1,195 $ — $ — $ 1,275 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block] | September 30, 2015 December 31, 2014 Carrying Amount Fair Value Carrying Amount Fair Value Cash and Cash Equivalents $ 83,019 $ 83,019 $ 176,989 $ 176,989 Short-Term Notes Payable $ (945,000 ) $ (945,000 ) $ — $ — Long-Term Debt $ (2,743,512 ) $ (1,938,413 ) $ (3,241,474 ) $ (3,169,154 ) |
Segment Information (Tables)
Segment Information (Tables) | 9 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Segment Reporting Information [Line Items] | ||
Industry segment results | Marcellus Shale Utica Shale Coalbed Methane Other Gas Total E&P PA Operations VA Operations Other Coal Total Coal All Other Corporate, Adjustments & Eliminations Consolidated Sales—outside $ 96,941 $ 21,572 $ 63,145 $ 20,349 $ 202,007 $ 323,171 $ 48,795 $ 31,636 $ 403,602 $ — $ — $ 605,609 (A) Other outside sales — — — — — — — 5,129 5,129 — — 5,129 Sales—purchased gas — — — 2,535 2,535 — — — — — — 2,535 Sales—production royalty interests — — — 11,545 11,545 — — — — — — 11,545 Freight—outside — — — — — 1,211 50 1,958 3,219 — — 3,219 Intersegment transfers — — 298 — 298 — — — — — (298 ) — Total Sales and Freight $ 96,941 $ 21,572 $ 63,443 $ 34,429 $ 216,385 $ 324,382 $ 48,845 $ 38,723 $ 411,950 $ — $ (298 ) $ 628,037 (Loss) Earnings Before Income Taxes $ (18,444 ) $ (11,230 ) $ 8,857 $ 71,004 $ 50,187 $ 132,328 $ 16,037 $ 45,295 $ 193,660 $ (13,885 ) $ (46,349 ) $ 183,613 (B) Segment assets $ 6,843,935 $ 2,142,696 $ 409,746 $ 1,324,081 $ 3,876,523 $ 204,638 $ 260,270 $ 11,185,366 (C) Depreciation, depletion and amortization $ 89,742 $ 42,463 $ 11,801 $ 8,978 $ 63,242 $ 5 $ — $ 152,989 Capital expenditures $ 209,560 $ 34,544 $ 9,895 $ 3,892 $ 48,331 $ 1,480 $ — $ 259,371 (A) Included in the Coal segment are sales of $73,999 to Xcoal Energy & Resources and sales of $ 103,230 to Duke Energy, each comprising over 10% of sales. (B) Includes equity in earnings of unconsolidated affiliates of $13,467 and $2,121 for E&P and Coal, respectively. (C) Includes investments in unconsolidated equity affiliates of $205,987 and $4,105 for E&P and Coal, respectively. Marcellus Shale Utica Shale Coalbed Methane Other Gas Total E&P PA Operations VA Operations Other Coal Total Coal All Other Corporate, Adjustments & Eliminations Consolidated Sales—outside $ 331,998 $ 57,836 $ 203,522 $ 65,142 $ 658,498 $ 1,026,603 $ 192,626 $ 95,519 $ 1,314,748 $ — $ — $ 1,973,246 (G) Other outside sales — — — — — — — 24,596 24,596 — — 24,596 Sales—purchased gas — — — 7,649 7,649 — — — — — — 7,649 Sales—production royalty interests — — — 31,774 31,774 — — — — — — 31,774 Freight—outside — — — — — 6,286 278 7,431 13,995 — — 13,995 Intersegment transfers — — 1,194 — 1,194 — — — — — (1,194 ) — Total Sales and Freight $ 331,998 $ 57,836 $ 204,716 $ 104,565 $ 699,115 $ 1,032,889 $ 192,904 $ 127,546 $ 1,353,339 $ — $ (1,194 ) $ 2,051,260 Earnings (Loss) Before Income Taxes $ 16,683 $ (23,193 ) $ 33,299 $ (791,982 ) $ (765,193 ) $ 292,533 $ 46,167 $ 16,763 $ 355,463 $ (15,856 ) $ (232,604 ) $ (658,190 ) (H) Segment assets $ 6,843,935 $ 2,142,696 $ 409,746 $ 1,324,081 $ 3,876,523 $ 204,638 $ 260,270 $ 11,185,366 (I) Depreciation, depletion and amortization $ 262,356 $ 133,786 $ 35,398 $ 26,523 $ 195,707 $ 17 $ — $ 458,080 Capital expenditures $ 749,015 $ 102,939 $ 26,310 $ 8,284 $ 137,533 $ 8,608 $ — $ 895,156 (G) Included in the Coal segment are sales of $282,267 to Xcoal Energy & Resources and sales of $ 268,278 to Duke Energy, each comprising over 10% of sales. (H) Includes equity in earnings of unconsolidated affiliates of $31,877 and $6,961 for E&P and Coal, respectively. (I) Includes investments in unconsolidated equity affiliates of $205,987 and $4,105 for E&P and Coal, respectively. Marcellus Shale Utica Coalbed Methane Other Gas Total E&P PA Operations VA Operations Other Coal Total Coal All Other Corporate, Adjustments & Eliminations Consolidated Sales—outside $ 109,850 $ 35,846 $ 82,914 $ 28,748 $ 257,358 $ 379,641 $ 70,931 $ 33,388 $ 483,960 $ — $ — $ 741,318 (D) Other outside sales — — — — — — — 8,175 8,175 65,498 — 73,673 Sales—purchased gas — — — 1,205 1,205 — — — — — — 1,205 Sales—production royalty interests — — — 17,610 17,610 — — — — — — 17,610 Freight—outside — — — — — 779 102 1,616 2,497 — — 2,497 Intersegment transfers — — 485 — 485 — — — — 23,065 (23,550 ) — Total Sales and Freight $ 109,850 $ 35,846 $ 83,399 $ 47,563 $ 276,658 $ 380,420 $ 71,033 $ 43,179 $ 494,632 $ 88,563 $ (23,550 ) $ 836,303 Earnings (Loss) Before Income Taxes $ 27,328 $ 19,776 $ 19,790 $ (29,209 ) $ 37,685 $ 71,623 $ 3,397 $ (21,212 ) $ 53,808 $ 1,085 $ (95,611 ) $ (3,033 ) (E) Segment assets $ 6,901,696 $ 2,085,130 $ 363,695 $ 1,770,695 $ 4,219,520 $ 195,351 $ 402,368 $ 11,718,935 (F) Depreciation, depletion and amortization $ 82,538 $ 44,567 $ 11,922 $ 9,151 $ 65,640 $ 487 $ — $ 148,665 Capital expenditures $ 281,641 $ 57,449 $ 9,068 $ 5,202 $ 71,719 $ 1,952 $ — $ 355,312 (D) Included in the Coal segment are sales of $107,915 to Duke Energy, which comprise over 10% of sales. (E) Includes equity in earnings of unconsolidated affiliates of $9,991 and $6,974 for E&P and Coal, respectively. (F) Includes investments in unconsolidated equity affiliates of $92,188 , $92,934 and $ 387 for E&P, Coal and All Other, respectively. | segment results for the nine months ended September 30, 2014 are: Marcellus Shale Utica Coalbed Methane Other Gas Total E&P PA Operations VA Operations Other Coal Total Coal All Other Corporate, Adjustments & Eliminations Consolidated Sales—outside $ 339,391 $ 56,383 $ 259,665 $ 97,960 $ 753,399 $ 1,226,666 $ 222,701 $ 105,572 $ 1,554,939 $ — $ — $ 2,308,338 (J) Other outside sales — — — — — — — 28,685 28,685 184,362 — 213,047 Sales—purchased gas — — — 6,183 6,183 — — — — — — 6,183 Sales—production royalty interests — — — 62,590 62,590 — — — — — — 62,590 Freight—outside — — — — — 14,931 614 7,006 22,551 — — 22,551 Intersegment transfers — — 1,937 — 1,937 — — — — 62,411 (64,348 ) — Total Sales and Freight $ 339,391 $ 56,383 $ 261,602 $ 166,733 $ 824,109 $ 1,241,597 $ 223,315 $ 141,263 $ 1,606,175 $ 246,773 $ (64,348 ) $ 2,612,709 Earnings (Loss) Before Income Taxes $ 121,197 $ 25,042 $ 71,358 $ (78,993 ) $ 138,604 $ 336,692 $ 2,626 $ (52,743 ) $ 286,575 $ (1,811 ) $ (319,942 ) $ 103,426 (K) Segment assets $ 6,901,696 $ 2,085,130 $ 363,695 $ 1,770,695 $ 4,219,520 $ 195,351 $ 402,368 $ 11,718,935 (L) Depreciation, depletion and amortization $ 225,766 $ 124,367 $ 35,304 $ 28,734 $ 188,405 $ 1,509 $ — $ 415,680 Capital expenditures $ 852,097 $ 286,497 $ 20,413 $ 11,129 $ 318,039 $ 4,471 $ — $ 1,174,607 (J) Included in the Coal segment are sales of $297,836 to Duke Energy, which comprise over 10% of sales. (K) Includes equity in earnings of unconsolidated affiliates of $22,801 , $17,039 and $(1,363) for E&P, Coal and All Other, respectively. (L) Includes investments in unconsolidated equity affiliates of $92,188 , $92,934 and $387 for E&P, Coal and All Other, respectively. |
Reconciliation of Revenue and Operating Income from Segments to Consolidated | Earnings (Loss) Before Income Taxes: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2015 2014 2015 2014 Segment Earnings (Loss) Before Income Taxes for total reportable business segments $ 243,847 $ 91,493 $ (409,730 ) $ 425,179 Segment (Loss) Earnings Before Income Taxes for all other businesses (13,885 ) 1,085 (15,856 ) (1,811 ) Interest expense, net (M) (48,558 ) (55,397 ) (150,187 ) (170,539 ) Other corporate items (M) 2,209 (19,224 ) (14,666 ) (54,136 ) Loss on debt extinguishment — (20,990 ) (67,751 ) (95,267 ) Earnings (Loss) Before Income Taxes $ 183,613 $ (3,033 ) $ (658,190 ) $ 103,426 | |
Reconciliation of Assets and Liabilities from Segment to Consolidated | Total Assets: September 30, 2015 2014 Segment assets for total reportable business segments $ 10,720,458 $ 11,121,216 Segment assets for all other businesses 204,638 195,351 Items excluded from segment assets: Cash and other investments (M) 82,932 193,325 Recoverable income taxes 64,693 41,971 Deferred tax assets 78,501 127,731 Bond issuance costs 34,144 39,341 Total Consolidated Assets $ 11,185,366 $ 11,718,935 _________________________ (M) Excludes amounts specifically related to the E&P segment. |
Guarantor Subsidiaries Financia
Guarantor Subsidiaries Financial Information (Tables) | 9 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Condensed Financial Statements, Captions [Line Items] | ||
Guarantor FInancial Statements [Table Text Block] [Table Text Block] | Income Statement for the Three Months Ended September 30, 2014 (unaudited): Parent Issuer CNX Gas Guarantor Other Subsidiary Guarantors CNXC Other Subsidiary Non-Guarantors Elimination Consolidated Revenues and Other Income: Natural Gas, NGLs and Oil Sales $ — $ 257,844 $ — $ — $ — $ (486 ) $ 257,358 Coal Sales — — 408,032 75,928 — — 483,960 Other Outside Sales — — 8,175 — 65,498 — 73,673 Production Royalty Interests and Purchased Gas Sales — 18,815 — — — — 18,815 Freight-Outside Coal — — 2,341 156 — — 2,497 Miscellaneous Other Income 62,288 13,861 24,937 58 2,400 (62,760 ) 40,784 Gain (Loss) on Sale of Assets — 5,488 2,030 3 8 — 7,529 Total Revenue and Other Income 62,288 296,008 445,515 76,145 67,906 (63,246 ) 884,616 Costs and Expenses: Exploration and Production Costs Lease Operating Expense — 30,005 — — — — 30,005 Transportation, Gathering and Compression — 68,234 — — — — 68,234 Production, Ad Valorem, and Other Fees — 8,486 — — — — 8,486 Direct Administrative and Selling — 14,060 — — — — 14,060 Depreciation, Depletion and Amortization — 82,538 — — — — 82,538 Exploration and Production Related Other Costs — 8,045 — — — — 8,045 Production Royalty Interests and Purchased Gas Costs — 15,751 — — — — 15,751 Other Corporate Expenses — 13,700 — — — — 13,700 General and Administrative — 14,874 — — — — 14,874 Total Exploration and Production Costs — 255,693 — — — — 255,693 Coal Costs Operating and Other Costs 3,459 — 296,391 45,628 — (486 ) 344,992 Royalties and Production Taxes — — 20,079 3,227 — — 23,306 Direct Administrative and Selling — — 9,099 1,583 — — 10,682 Depreciation, Depletion and Amortization 159 — 56,568 8,913 — — 65,640 Freight Expense — — 2,341 156 — — 2,497 General and Administrative Costs — — 8,016 2,623 — — 10,639 Other Corporate Expenses — — 10,113 — — — 10,113 Total Coal Costs 3,618 — 402,607 62,130 — (486 ) 467,869 Other Costs Miscellaneous Operating Expense 24,104 — 81 — 62,808 — 86,993 General and Administrative Costs — — — — 220 — 220 Depreciation, Depletion and Amortization 14 — 6 — 467 — 487 Loss on Debt Extinguishment 20,990 — — — — — 20,990 Interest Expense 52,908 2,629 (612 ) 2,190 91 (1,809 ) 55,397 Total Other Costs 98,016 2,629 (525 ) 2,190 63,586 (1,809 ) 164,087 Total Costs And Expenses 101,634 258,322 402,082 64,320 63,586 (2,295 ) 887,649 (Loss) Earnings Before Income Tax (39,346 ) 37,686 43,433 11,825 4,320 (60,951 ) (3,033 ) Income Taxes (37,701 ) 13,281 21,399 — 1,633 — (1,388 ) Net (Loss) Income $ (1,645 ) $ 24,405 $ 22,034 $ 11,825 $ 2,687 $ (60,951 ) $ (1,645 ) | |
Guarantor Condensed Cash Flow [Table Text Block] | Cash Flow for the Nine Months Ended September 30, 2014 (unaudited): Parent CNX Gas Guarantor Other Subsidiary Guarantors CNXC Non-Guarantor Other Subsidiary Non- Guarantors Elimination Consolidated Net Cash (Used in) Provided by Continuing Operations $ (87,081 ) $ 512,135 $ 153,821 $ 88,967 $ 21,155 $ 182,108 $ 871,105 Net Cash Used In Discontinued Operating Activities — — — — (20,934 ) — (20,934 ) Net Cash (Used in) Provided by Operating Activities $ (87,081 ) $ 512,135 $ 153,821 $ 88,967 $ 221 $ 182,108 $ 850,171 Cash Flows from Investing Activities: Capital Expenditures $ (2,314 ) $ (852,097 ) $ (262,896 ) $ (57,300 ) $ — $ — $ (1,174,607 ) Proceeds From Sales of Assets (15,941 ) 57,919 83,941 15,204 13 — 141,136 (Investments in), net of Distributions from, Equity Affiliates — 79,723 28,809 — — — 108,532 Net Cash (Used in) Provided by Continuing Operations $ (18,255 ) $ (714,455 ) $ (150,146 ) $ (42,096 ) $ 13 $ — $ (924,939 ) Cash Flows from Financing Activities: (Payments on) Proceeds from Short-Term Borrowings $ (11,736 ) $ 233,663 $ — — $ — $ (233,663 ) $ (11,736 ) (Payments on) Proceeds from Miscellaneous Borrowings (662 ) — (8,137 ) 4,686 (56 ) — (4,169 ) Payments on Long-Term Borrowings (1,819,005 ) — — — — — (1,819,005 ) Proceeds from Long-Term Borrowings 1,859,920 — — — — — 1,859,920 Net Change in Parent Advancements — — — (51,555 ) — 51,555 — Tax Benefit from Stock-Based Compensation 2,478 — — — — — 2,478 Dividends Paid (43,119 ) — — — — — (43,119 ) Proceeds from Issuance of Common Stock 13,403 — — — — — 13,403 Debt Issuance and Financing Fees (24,861 ) — — — — — (24,861 ) Other Financing Activities — (4,460 ) 4,460 — — — — Net Cash (Used in) Provided by Continuing Operations $ (23,582 ) $ 229,203 $ (3,677 ) $ (46,869 ) $ (56 ) $ (182,108 ) $ (27,089 ) | |
Guarantor Condensed Comprehensive Income [Table Text Block] | Statement of Comprehensive Income for the Three Months Ended September 30, 2014 (unaudited): Parent CNX Gas Guarantor Other Subsidiary Guarantors CNXC Non- Guarantor Other Subsidiary Non- Guarantors Elimination Consolidated Net (Loss) Income $ (1,645 ) $ 24,405 $ 22,034 $ 11,825 $ 2,687 $ (60,951 ) $ (1,645 ) Other Comprehensive Income (Loss): Actuarially Determined Long-Term Liability Adjustments 184,154 — 184,512 (358 ) — (184,154 ) 184,154 Net Increase (Decrease) in the Value of Cash Flow Hedge 39,151 39,151 — — — (39,151 ) 39,151 Reclassification of Cash Flow Hedge from OCI to Earnings (19,510 ) (19,510 ) — — — 19,510 (19,510 ) Other Comprehensive Income (Loss): 203,795 19,641 184,512 (358 ) — (203,795 ) 203,795 Comprehensive Income (Loss) $ 202,150 $ 44,046 $ 206,546 $ 11,467 $ 2,687 $ (264,746 ) $ 202,150 | |
Guarantor Balance Sheet [Table Text Block] | Balance Sheet at December 31, 2014 : Parent Issuer CNX Gas Guarantor Other Subsidiary Guarantors CNXC Non-Guarantor Other Subsidiary Non- Guarantors Elimination Consolidated Assets: Current Assets: Cash and Cash Equivalents $ 145,236 $ 30,682 $ — $ 3 $ 1,068 $ — $ 176,989 Accounts and Notes Receivable: Trade — 117,912 — — 141,905 — 259,817 Other Receivables 25,497 309,247 29,937 384 12 (17,931 ) 347,146 Inventories — 14,748 76,486 10,639 — — 101,873 Deferred Income Taxes 99,776 (33,207 ) — — — — 66,569 Recoverable Income Taxes 79,426 (59,025 ) — — — — 20,401 Prepaid Expenses 38,421 129,796 21,416 3,922 — — 193,555 Total Current Assets 388,356 510,153 127,839 14,948 142,985 (17,931 ) 1,166,350 Property, Plant and Equipment: Property, Plant and Equipment 158,555 8,066,308 5,763,321 686,593 — — 14,674,777 Less-Accumulated Depreciation, Depletion and Amortization 108,432 1,497,569 2,618,597 287,707 — — 4,512,305 Total Property, Plant and Equipment-Net 50,123 6,568,739 3,144,724 398,886 — — 10,162,472 Other Assets: Investment in Affiliates 12,571,886 121,721 27,544 — — (12,568,193 ) 152,958 Notes Receivable — — 160,831 — — (160,831 ) — Other 172,884 71,339 28,550 4,977 — — 277,750 Total Other Assets 12,744,770 193,060 216,925 4,977 — (12,729,024 ) 430,708 Total Assets $ 13,183,249 $ 7,271,952 $ 3,489,488 $ 418,811 $ 142,985 $ (12,746,955 ) $ 11,759,530 Liabilities and Equity: Current Liabilities: Accounts Payable $ 86,313 $ 385,381 $ 44,497 $ 15,782 $ — $ — $ 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 3,599 18,261 — (17,931 ) 13,016 Short-Term Notes Payable — 720,150 — — — (720,150 ) — Other Accrued Liabilities 119,484 172,787 275,199 35,502 — — 602,972 Total Current Liabilities 4,707,456 1,467,678 (5,009,914 ) 69,545 (68,873 ) (17,931 ) 1,147,961 Long-Term Debt: 3,124,129 37,342 114,078 161,160 — (160,831 ) 3,275,878 Deferred Credits and Other Liabilities: Deferred Income Taxes (148,925 ) 474,517 — — — — 325,592 Postretirement Benefits Other Than Pensions — — 698,401 5,279 — — 703,680 Pneumoconiosis Benefits — — 115,691 1,250 — — 116,941 Mine Closing — — 299,663 7,126 — — 306,789 Gas Well Closing — 116,930 57,604 835 — — 175,369 Workers’ Compensation — — 73,566 2,381 — — 75,947 Salary Retirement 109,956 — — — — — 109,956 Reclamation — — 33,788 — — — 33,788 Other 61,175 94,378 2,009 609 — — 158,171 Total Deferred Credits and Other Liabilities 22,206 685,825 1,280,722 17,480 — — 2,006,233 Total CONSOL Energy Inc. Stockholders’ Equity 5,329,458 5,081,107 7,104,602 170,626 211,858 (12,568,193 ) 5,329,458 Total Liabilities and Equity $ 13,183,249 $ 7,271,952 $ 3,489,488 $ 418,811 $ 142,985 $ (12,746,955 ) $ 11,759,530 |
Basis of Presentation Anti-Dilu
Basis of Presentation Anti-Dilutive Options and Units Exluded from Earnings Per Share (Details) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Antidilutive securities excluded from the computation of diluted earnings per share | 5,239,253 | 6,484,244 | 5,847,783 | 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 | 3,650,864 | 4,116,136 | 3,650,864 | 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 | 785,585 | 1,278,078 | 1,394,115 | 0 |
Performance Share Units [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Antidilutive securities excluded from the computation of diluted earnings per share | 0 | 287,226 | 0 | 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 | 802,804 | 0 | |
CONSOL Stock Units (CSUs) [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 |
Basis of Presentation Share-bas
Basis of Presentation Share-based Compensation (Details) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 90,055 | 13,490 | 1,437,316 | 1,431,375 |
Performance Share Units [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Equity awards other than options, vested | 0 | 0 | 497,134 | 378,971 |
Employee Stock Option [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Options Exercised | 0 | 7,456 | 363,620 | 655,568 |
Share-based comp Options Granted Weighted average exercise price | $ 22.75 | $ 22.78 | $ 20.44 | |
Restricted Stock [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Equity awards other than options, vested | 90,055 | 6,034 | 576,562 | 396,836 |
Basis of Presentation Earnings
Basis of Presentation Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Net Income (Loss) Attributable to Noncontrolling Interest | $ 6,490 | $ 0 | $ 6,490 | $ 0 |
Income (Loss) from Continuing Operations Attributable to Parent | 125,470 | (1,645) | (398,801) | 95,111 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | 0 | 0 | (5,687) |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 125,470 | (1,645) | (398,801) | 89,424 |
Net Income (Loss) | $ 118,980 | $ (1,645) | $ (405,291) | $ 89,424 |
Weighted average shares of common stock outstanding: | ||||
Basic | 229,036,172 | 230,174,256 | 229,230,571 | 229,922,936 |
Effect of stock-based compensation awards | 315,955 | 0 | 0 | 1,479,976 |
Dilutive | 229,352,127 | 230,174,256 | 229,230,571 | 231,402,912 |
Earnings Per Share: | ||||
Income (Loss) from Continuing Operations, Per Basic Share | $ 0.52 | $ (0.01) | $ (1.77) | $ 0.41 |
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share | 0 | 0 | 0 | (0.02) |
Earnings Per Share, Basic | 0.52 | (0.01) | (1.77) | 0.39 |
Income (Loss) from Continuing Operations, Per Diluted Share | 0.52 | (0.01) | (1.77) | 0.41 |
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share | 0 | 0 | 0 | (0.02) |
Earnings Per Share, Diluted | $ 0.52 | $ (0.01) | $ (1.77) | $ 0.39 |
Basis of Presentation Changes i
Basis of Presentation Changes in Accumulated Other Comprehensive Income / (Loss) by component (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ (251,856) | $ (251,856) | $ (151,100) | |||
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 0 | $ 39,151 | 0 | $ (20,032) | ||
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | (20,602) | (19,510) | (60,720) | 3,754 | $ 17,331 | |
Other Comprehensive Income (Loss), Net of Tax | (69,955) | 203,795 | (100,756) | 169,197 | ||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | (49,353) | $ 184,154 | (40,036) | $ 185,475 | ||
Accumulated Other Comprehensive Income (Loss) [Member] | ||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (251,856) | (251,856) | (151,100) | |||
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 34,566 | |||||
Other Comprehensive Income (Loss), Net of Tax | (100,756) | |||||
Amounts reclassified from accumulated other comprehensive income | (135,322) | |||||
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 | 60,801 | 60,801 | 121,521 | |||
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 | (60,720) | |||||
Other Comprehensive Income (Loss), Net of Tax | (60,720) | |||||
Accumulated Defined Benefit Plans Adjustment [Member] | ||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ (312,657) | (312,657) | $ (272,621) | |||
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 34,566 | |||||
Other Comprehensive Income (Loss), Net of Tax | (40,036) | |||||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | $ (74,602) |
Basis of Presentation Reclassif
Basis of Presentation Reclassification of adjustments out of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Other Comprehensive Income (Loss), Finalization of Pension and Other Postretirement Benefit Plan Valuation, Net of Tax | $ 3,132 | $ 4,785 | $ 3,132 | $ 25,492 |
Natural Gas Swaps | (32,409) | (31,594) | (95,843) | 9,263 |
Tax Benefit of Natural Gas Swaps | 11,807 | 12,084 | 35,123 | (5,509) |
Natural Gas Swaps, Net of Tax | (20,602) | (19,510) | (60,720) | 3,754 |
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | (133,851) | (2,542) | (203,159) | (7,625) |
Defined Benefit Plan, Amortization of Gains (Losses) | 41,755 | 11,198 | 80,497 | 32,705 |
Pension and Other Postemployment Benefits Recognized Net Gain (Loss) due to Curtailments | 5 | (36,182) | 5 | (36,182) |
Defined Benefit Plan, Net Periodic Benefit Cost | (88,959) | (22,741) | (119,525) | 14,390 |
Tax Expense on Actuarially Determined Long-Term Liabilities | 33,436 | 8,376 | 44,923 | (5,300) |
Actuarially Determined Long-Term Liability Adjustments, Net of Tax | $ (55,523) | $ (14,365) | $ (74,602) | $ 9,090 |
Dispositions (Details)
Dispositions (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 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 Sale of Property Plant Equipment | 1,035,346 | |||
Restructuring Costs | 24,715 | |||
Working Capital Adjustment | $ 7,044 | |||
Western Allegheny Energy [Member] | ||||
Significant Acquisitions and Disposals [Line Items] | ||||
Interest Sold in Disposition | 49.00% | |||
Proceeds from Sale of Property, Plant, and Equipment | $ 76,297 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | 2,136 | |||
Proceeds from Equity Method Investment, Dividends or Distributions | 10,780 | |||
Gain (Loss) on Sale of Property Plant Equipment | $ 48,468 | |||
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 | |||
Bailey Longwall Shields [Member] | ||||
Significant Acquisitions and Disposals [Line Items] | ||||
Proceeds from Sale of Property, Plant, and Equipment | $ 75,357 |
Acquisitions (Details)
Acquisitions (Details) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2015USD ($) | Dec. 31, 2013USD ($) | Sep. 30, 2015USD ($) | Sep. 30, 2014USD ($) | Dec. 31, 2013USD ($) | Dec. 31, 2014USD ($)a | |
Business Acquisition [Line Items] | ||||||
Payments to Acquire Property, Plant, and Equipment | $ 895,156,000 | $ 1,174,607,000 | ||||
Columbia Energy Ventures [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Business Acquisition, Transaction Costs | $ 96,106,000 | |||||
Payments to Acquire Property, Plant, and Equipment | $ 50,970,000 | |||||
Gas and Oil Area, Undeveloped, Gross | a | 20,000,000 | |||||
Other Liabilities, Current | 11,998,000 | 11,998,000 | $ 49,533,000 | |||
Other Long-term Debt, Noncurrent | 26,851,000 | $ 26,851,000 | $ 40,286,000 | |||
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 | $ 0.50 | |||||
Payments to Acquire Property, Plant, and Equipment | $ 16,000,000 | $ 91,243,000 | ||||
Gas and Oil Area, Undeveloped, Gross | a | 90,000 |
Other Income (Details)
Other Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Component of Operating Income [Abstract] | ||||
Proceeds from Contributions from Affiliates | $ 15,588 | $ 18,284 | $ 38,835 | $ 39,796 |
Rental Income, Nonoperating | 9,440 | 9,731 | 28,446 | 35,336 |
Gas Gathering, Transportation, Marketing and Processing Revenue | 1,590 | 3,636 | 10,064 | 24,386 |
Royalty Revenue | 4,848 | 5,003 | 12,995 | 14,758 |
Right of Way Income | 5,097 | 2,485 | 13,047 | 4,898 |
Contracts Revenue | 0 | 0 | 0 | 30,000 |
Other Nonoperating Income | 2,077 | 1,645 | 9,013 | 16,641 |
Other Income (including equity earnings) | $ 38,640 | $ 40,784 | $ 112,400 | $ 165,815 |
Pension and OPEB - Periodic C48
Pension and OPEB - Periodic Cost (Details) - USD ($) $ in Thousands | 1 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 12 Months Ended | |||||||
Jun. 30, 2014 | Sep. 30, 2015 | Jun. 30, 2015 | Sep. 30, 2014 | Jun. 30, 2014 | May. 31, 2015 | May. 31, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2015 | |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ||||||||||||
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | $ (133,851) | $ (2,542) | $ (203,159) | $ (7,625) | ||||||||
Amortization of actuarial gain | 41,755 | 11,198 | 80,497 | 32,705 | ||||||||
Defined Benefit Plan, Net Periodic Benefit Cost | (88,959) | (22,741) | (119,525) | 14,390 | ||||||||
Deferred Income Taxes | 78,501 | 78,501 | $ 66,569 | |||||||||
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate | 4.88% | |||||||||||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | (49,353) | 184,154 | (40,036) | 185,475 | ||||||||
Cash OPEB Payments | 46,282 | |||||||||||
Pension Plan [Member] | ||||||||||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ||||||||||||
Service cost | 2,162 | 4,834 | 6,862 | 13,625 | ||||||||
Interest cost | 8,042 | 8,667 | 25,202 | 26,812 | ||||||||
Expected return on plan assets | (12,903) | (12,829) | (38,282) | (38,342) | ||||||||
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | (166) | (346) | (518) | (1,038) | ||||||||
Amortization of actuarial gain | 5,335 | 6,444 | 19,215 | 18,441 | ||||||||
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements | 3,132 | 4,785 | 3,132 | 25,492 | ||||||||
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Curtailments | 5 | (549) | 5 | (549) | ||||||||
Pension Contributions | 8,366 | |||||||||||
DB Plan Curtailment OCI, net of tax | 13,659 | |||||||||||
Defined Benefit Plan, Net Periodic Benefit Cost | $ 5,607 | 11,006 | 15,616 | 44,441 | ||||||||
Defined Benefit Plan, Curtailments | 21,624 | |||||||||||
Deferred Income Taxes | 7,965 | 7,965 | ||||||||||
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments | 549 | |||||||||||
Curtailment Gain/Loss - Deferred Tax | $ 202 | $ 202 | ||||||||||
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate | 4.28% | 4.33% | 4.26% | 4.87% | ||||||||
Other Comprehensive Income (Loss), Finalization of Pension and Other Postretirement Benefit Plan Valuation, before Tax | $ 1,328 | |||||||||||
Defined Benefit Plan, Plan Amendments | $ 6,490 | $ 13,152 | $ 41,527 | |||||||||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | $ (5,141) | (5,285) | (14,193) | |||||||||
Deferred Tax Assets | 1,676 | 2,998 | $ 8,276 | 1,676 | $ 2,998 | |||||||
curtailment gain/loss OCI, net of tax | 347 | |||||||||||
Other Postretirement Benefit Plan [Member] | ||||||||||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ||||||||||||
Service cost | 0 | 2,331 | 0 | 6,994 | ||||||||
Interest cost | 6,677 | 12,096 | 20,561 | 36,290 | ||||||||
Expected return on plan assets | 0 | 0 | 0 | 0 | ||||||||
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | (133,685) | (2,196) | (202,641) | (6,588) | ||||||||
Amortization of actuarial gain | 37,713 | 6,369 | 65,161 | 19,106 | ||||||||
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements | 0 | 0 | 0 | 0 | ||||||||
Other Postemployment Benefits, Recognized Net Gain (Loss) Due to Curtailments | 0 | (35,633) | 0 | (35,633) | ||||||||
Defined Benefit Plan, Net Periodic Benefit Cost | (89,295) | (17,033) | (116,919) | 20,169 | ||||||||
Defined Benefit Plan, Plan Amendments | 9,634 | $ 43,598 | ||||||||||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | (6,086) | (27,716) | ||||||||||
Deferred Tax Assets | 3,548 | 15,882 | 3,548 | |||||||||
Defined Benefit Plan, Effect of Plan Amendment on Net Periodic Benefit Cost | $ 235,541 | |||||||||||
Defined Benefit Plan, Benefits Paid | $ 40,547 | |||||||||||
Change in Assumptions for Pension Plans [Member] | Other Postretirement Benefit Plan [Member] | ||||||||||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ||||||||||||
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate | 1.65% | 1.84% | ||||||||||
Change in Assumptions for Pension Plans [Member] | Other Postretirement Benefit Plan [Member] | ||||||||||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ||||||||||||
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate | 1.60% | 1.78% | ||||||||||
Change in Assumptions for Pension Plans [Member] | Other Postretirement Benefit Plan [Member] | ||||||||||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ||||||||||||
Defined Benefit Plan, Plan Amendments | 1,070 | |||||||||||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | $ (680) | |||||||||||
Deferred Tax Assets | 390 | 390 | ||||||||||
Plan Amendment [Member] | Pension Plan [Member] | ||||||||||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ||||||||||||
DB Plan Curtailment OCI, net of tax | 16,448 | |||||||||||
Defined Benefit Plan, Curtailments | 26,352 | |||||||||||
Deferred Income Taxes | 9,904 | $ 9,904 | ||||||||||
Curtailment [Member] | Pension Plan [Member] | ||||||||||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ||||||||||||
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Curtailments | (3) | |||||||||||
Deferred Income Taxes | 2 | 2 | ||||||||||
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments | $ (5) | |||||||||||
Remeasurement [Member] | Pension Plan [Member] | ||||||||||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ||||||||||||
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate | 4.40% | 4.07% | ||||||||||
Defined Benefit Plan, Plan Amendments | $ 17,793 | |||||||||||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | (11,106) | |||||||||||
Deferred Tax Assets | 6,687 | 3,082 | $ 6,687 | 3,082 | ||||||||
Pension Settlement [Member] | Pension Plan [Member] | ||||||||||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ||||||||||||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | (2,784) | |||||||||||
Curtailment [Member] | Other Postretirement Benefit Plan [Member] | ||||||||||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ||||||||||||
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments | $ 35,633 | |||||||||||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | (22,508) | |||||||||||
Deferred Tax Assets | 13,125 | 13,125 | ||||||||||
Plan Amendment [Member] | Other Postretirement Benefit Plan [Member] | ||||||||||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ||||||||||||
Defined Benefit Plan, Plan Amendments | 315,439 | |||||||||||
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | (199,252) | |||||||||||
Deferred Tax Assets | $ 116,187 | $ 116,187 | ||||||||||
P&M [Member] | ||||||||||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ||||||||||||
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate | 1.92% | |||||||||||
P&M [Member] [Member] | ||||||||||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ||||||||||||
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate | 1.84% |
CWP and Workers Comp - Net Pe49
CWP and Workers Comp - Net Periodic Costs (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Amortization of actuarial gain | $ 41,755 | $ 11,198 | $ 80,497 | $ 32,705 |
Defined Benefit Plan, Net Periodic Benefit Cost | (88,959) | (22,741) | (119,525) | 14,390 |
Workers Compensation [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Service cost | 2,347 | 2,446 | 7,042 | 7,336 |
Interest cost | 799 | 894 | 2,396 | 2,683 |
Amortization of actuarial gain | (8) | (96) | (23) | (287) |
State administrative fees and insurance bond premiums | 888 | 999 | 2,764 | 3,039 |
Defined Benefit Plan, Net Periodic Benefit Cost | 4,026 | 4,243 | 12,179 | 12,771 |
Payments for Postemployment Benefits | 12,540 | |||
Coal Workers Pneumoconiosis [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Service cost | 1,623 | 1,419 | 4,868 | 4,255 |
Interest cost | 1,279 | 1,384 | 3,837 | 4,153 |
Amortization of actuarial gain | (1,394) | (1,549) | (4,182) | (4,647) |
State administrative fees and insurance bond premiums | 0 | 0 | 0 | 0 |
Defined Benefit Plan, Net Periodic Benefit Cost | $ 1,508 | $ 1,254 | 4,523 | $ 3,761 |
Payments for Coal Workers Pnenumoconiosis | $ 8,369 |
Income Taxes Income Tax Reconci
Income Taxes Income Tax Reconciliation (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Reconciliation of Statutory Federal Tax Rate [Line Items] | ||||
Income Tax Expense (Benefit) | $ (58,143,000) | $ 1,388,000 | $ 259,389,000 | $ (8,315,000) |
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Depletion, Amount | 26,565,000 | |||
Other Tax Expense (Benefit) | 4,867,000 | |||
Amount | ||||
Unusual or Infrequent, Tax Effect | 7,766,000 | |||
Internal Revenue Service (IRS) [Member] | ||||
Amount | ||||
Unusual or Infrequent, Tax Effect | $ 8,820,000 |
Income Taxes Additional Informa
Income Taxes Additional Information (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2015 | Sep. 30, 2014 | |
Income Tax Disclosure [Abstract] | |||
Income Tax Examination, Liability (Refund) Adjustment from Settlement with Taxing Authority | $ 3,344,000 | ||
Interest expense included in accrued interest liability | $ 32,000 | $ 4,866,000 |
Income Taxes Discrete Items (De
Income Taxes Discrete Items (Details) | 9 Months Ended |
Sep. 30, 2015USD ($) | |
Income Tax Disclosure [Abstract] | |
Unusual or Infrequent, Tax Effect | $ 7,766,000 |
Inventory Components (Details)
Inventory Components (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Inventory Disclosure [Abstract] | ||
Coal | $ 34,666 | $ 19,242 |
Supplies | 78,284 | 82,631 |
Total Inventories | $ 112,950 | $ 101,873 |
Accounts Receivable Securitiz54
Accounts Receivable Securitization (Details) $ in Thousands | Dec. 31, 2014USD ($) |
Subordinated Debt | $ 17,570 |
AR securitization facility [Member] | |
Current borrowing capacity of receivable facility | 77,800 |
Letters of credit amount outstanding | $ 60,230 |
Property, Plant and Equipment55
Property, Plant and Equipment (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 | |
Property, Plant and Equipment [Line Items] | |||||
Drilling Cost | $ 3,360,325,000 | $ 3,360,325,000 | $ 2,798,394,000 | ||
Proven gas properties | 1,790,731,000 | 1,790,731,000 | 1,768,007,000 | ||
Unproven gas properties | 1,549,075,000 | 1,549,075,000 | 1,540,835,000 | ||
Gas gathering equipment | 1,122,071,000 | 1,122,071,000 | 1,088,238,000 | ||
Gas wells and related equipment | 838,091,000 | 838,091,000 | 716,748,000 | ||
Other gas assets | 123,584,000 | 123,584,000 | 123,539,000 | ||
Gas advance royalties | 19,616,000 | 19,616,000 | 20,580,000 | ||
Coal and other plant and equipment | 3,821,403,000 | 3,821,403,000 | 3,726,514,000 | ||
Coal properties and surface lands | 1,367,003,000 | 1,367,003,000 | 1,358,306,000 | ||
Property, Plant and Equipment, Other, Gross | 475,307,000 | 475,307,000 | 468,924,000 | ||
Mine development | 412,089,000 | 412,089,000 | 414,501,000 | ||
Coal advance mining royalties | 390,756,000 | 390,756,000 | 386,245,000 | ||
Leased coal lands | 263,665,000 | 263,665,000 | 263,946,000 | ||
Total property plant and equipment | 15,533,716,000 | 15,533,716,000 | 14,674,777,000 | ||
Less Accumulated depreciation, depletion and amortization | 5,774,736,000 | 5,774,736,000 | 4,512,305,000 | ||
Total Property, Plant and Equipment-Net | 9,758,980,000 | 9,758,980,000 | 10,162,472,000 | ||
Impairment of Oil and Gas Properties | 0 | $ 0 | 828,905,000 | $ 0 | |
Noble JV [Member] | |||||
Property, Plant and Equipment [Line Items] | |||||
Drilling Carry Payments | 25,578,000 | $ 103,044,000 | |||
Proven Properties [Member] | |||||
Property, Plant and Equipment [Line Items] | |||||
Impairment of Oil and Gas Properties | 824,742,000 | ||||
Unproven Properties [Member] | |||||
Property, Plant and Equipment [Line Items] | |||||
Impairment of Oil and Gas Properties | 4,163,000 | ||||
Gas Segment [Member] | |||||
Property, Plant and Equipment [Line Items] | |||||
Total property plant and equipment | 8,803,493,000 | 8,803,493,000 | 8,056,341,000 | ||
Less Accumulated depreciation, depletion and amortization | 2,599,543,000 | 2,599,543,000 | 1,523,761,000 | ||
Total Property, Plant and Equipment-Net | 6,203,950,000 | 6,203,950,000 | 6,532,580,000 | ||
Coal Segment [Member] | |||||
Property, Plant and Equipment [Line Items] | |||||
Total property plant and equipment | 6,730,223,000 | 6,730,223,000 | 6,618,436,000 | ||
Less Accumulated depreciation, depletion and amortization | 3,175,193,000 | 3,175,193,000 | 2,988,544,000 | ||
Total Property, Plant and Equipment-Net | $ 3,555,030,000 | $ 3,555,030,000 | $ 3,629,892,000 |
Property, Plant and Equipment J
Property, Plant and Equipment Joint Venture Activity (Details) a in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015USD ($)a | Sep. 30, 2014USD ($) | Sep. 30, 2015USD ($)a | Sep. 30, 2014USD ($) | |
Noble JV [Member] | ||||
Significant Acquisitions and Disposals [Line Items] | ||||
drill carry remaining | $ 1,624,448,000 | $ 1,624,448,000 | ||
Drilling commitment carry | $ 1,846,000,000 | 1,846,000,000 | ||
Maximum Drilling Commitment Carry | $ 400,000,000 | |||
Gas and Oil Acreage, Unproved, Net | a | 700,000 | 700,000 | ||
Drilling Carry Payments | $ 25,578,000 | $ 103,044,000 | ||
Hess [Member] | ||||
Significant Acquisitions and Disposals [Line Items] | ||||
drill carry remaining | $ 39,705,000 | $ 39,705,000 | ||
Maximum Drilling Commitment Carry | $ 335,000,000 | |||
Gas and Oil Acreage, Unproved, Net | a | 155,000 | 155,000 | ||
Drilling Carry Payments | $ 82,863,000 | $ 68,081,000 |
Short-Term Notes Payable (Detai
Short-Term Notes Payable (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2015USD ($) | Sep. 30, 2014USD ($) | Sep. 30, 2015USD ($) | Sep. 30, 2014USD ($) | Dec. 31, 2014USD ($) | |
Short-term Debt [Line Items] | |||||
Gains (Losses) on Extinguishment of Debt | $ 0 | $ 20,990 | $ 67,751 | $ 95,267 | |
Credit facility, face amount | 400,000 | 400,000 | |||
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 | 750,000 | |||
Additional Capacity Available On Credit Lines At Request | $ 500,000 | $ 500,000 | |||
Minimum interest coverage ratio | 2.50 | ||||
Interest coverage ratio | 4.86 | 4.86 | |||
Current Ratio | 1.96 | 1.96 | |||
Senior secured leverage ratio, maximum | 1 | 1 | |||
Current secured leverage ratio | 2.75 | 2.75 | |||
Short-term Debt | $ 945,000 | $ 945,000 | |||
Letters of credit outstanding | 280,501 | 280,501 | 244,418 | ||
Borrowings and issuance of letters of credit remaining capacity | 774,499 | 774,499 | $ 1,755,582 | ||
Thermco [Member] | |||||
Short-term Debt [Line Items] | |||||
Term Loan facility | 600,000 | 600,000 | |||
Metco [Member] | |||||
Short-term Debt [Line Items] | |||||
Term Loan facility | $ 300,000 | $ 300,000 |
Long-Term Debt (Details)
Long-Term Debt (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Mar. 31, 2015 | Dec. 31, 2014 | |
Debt Instrument [Line Items] | ||||||
Capital Lease Obligations, Current | $ 8,192,000 | $ 8,192,000 | $ 7,964,000 | |||
Long-term debt | (2,743,512,000) | (2,743,512,000) | (3,241,474,000) | |||
Long-term Line of Credit, Noncurrent | 180,000,000 | 180,000,000 | ||||
Long-Term Debt | 2,739,291,000 | 2,739,291,000 | 3,236,422,000 | |||
Accrued interest | 73,902,000 | 73,902,000 | 51,159,000 | |||
Less amounts due in one year | (4,221,000) | (4,221,000) | (5,052,000) | |||
Gains (Losses) on Extinguishment of Debt | 0 | $ 20,990,000 | 67,751,000 | $ 95,267,000 | ||
Senior notes due April 2020 at 8.25% | ||||||
Debt Instrument [Line Items] | ||||||
Long-term debt | (74,470,000) | (74,470,000) | (1,014,800,000) | |||
Long-term Debt, Percentage Bearing Fixed Interest, Amount | 0.0825 | 0.0825 | 0.0825 | 0.0825 | ||
Gains (Losses) on Extinguishment of Debt | 17,000 | 67,734,000 | ||||
Senior Secured Notes Due March 2021 Par Value Amount Purchased [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Long-term debt | (213,000) | (213,000) | $ (229,176,000) | |||
Senior notes due March 2021 at 6.375% | ||||||
Debt Instrument [Line Items] | ||||||
Long-term debt | (20,611,000) | (20,611,000) | (250,000,000) | |||
Long-term Debt, Percentage Bearing Fixed Interest, Amount | 0.0638 | 0.0638 | ||||
Senior Secured Notes Due March 2021 Par Value [Member] [Member] [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Long-term debt | (1,855,840,000) | (1,855,840,000) | (1,856,506,000) | |||
Long-term Debt, Percentage Bearing Fixed Interest, Amount | 0.0588 | 0.0588 | ||||
Long-term Debt, Gross | $ 250,000,000 | $ 250,000,000 | ||||
Debt Instrument, Interest Rate, Effective Percentage | 100.00% | 100.00% | ||||
Senior Notes due April 2023 at 8.0% [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Long-term debt | (493,213,000) | (493,213,000) | ||||
Long-term Debt, Percentage Bearing Fixed Interest, Amount | 0.0800 | 0.0800 | ||||
Long-term Debt, Gross | 500,000,000 | 500,000,000 | ||||
Debt Instrument, Unamortized Discount | 7,240,000 | 7,240,000 | ||||
Senior Notes 8.25 Percent Due April 2020 Amount Purchased [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Long-term debt | (2,508,000) | $ (235,200,000) | (2,508,000) | $ (235,200,000) | $ (937,822,000) | |
Baltimore Port Facility revenue bonds in series due September 2025 at 5.75% | ||||||
Debt Instrument [Line Items] | ||||||
Long-term debt | (102,865,000) | (102,865,000) | (102,865,000) | |||
Advance royalty commitments | ||||||
Debt Instrument [Line Items] | ||||||
Long-term debt | (13,470,000) | (13,470,000) | (13,473,000) | |||
Other long-term notes maturing at various dates through 2031 | ||||||
Debt Instrument [Line Items] | ||||||
Long-term debt | $ (3,043,000) | $ (3,043,000) | $ (3,830,000) | |||
Senior Notes 8 Percent Due April 2017 Par Value [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Long-term Debt, Percentage Bearing Fixed Interest, Amount | $ 0.0800 | 0.0800 | ||||
Gains (Losses) on Extinguishment of Debt | $ 74,277,000 |
Commitments and Contingencies A
Commitments and Contingencies Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2015 | Dec. 31, 2014 | |
Commitments and Contingencies Disclosure [Line Items] | ||
Loss Contingency, Range of Possible Loss, Portion Not Accrued | $ 641,513 | |
Earl Kennedy [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Loss Contingency, Damages Sought | 20,000 | |
Murray Energy [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Contractual Obligation | $ 1,195 | $ 1,275 |
Unrecorded Unconditional Purcha
Unrecorded Unconditional Purchase Obligation (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | $ 1,099,882 | |
Balance on First Anniversary [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | 842,136 | |
More Than One And Within Three Years From Balance Sheet Date [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | 235,590 | |
More Than Three And Within Five Years From Balance Sheet Date [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | 12,485 | |
Beyond Five Years of Balance Sheet Date [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | 9,671 | |
Standby Letters of Credit [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | 280,500 | |
Standby Letters of Credit [Member] | Balance on First Anniversary [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | 69,250 | |
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 | 211,250 | |
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 | 682,779 | |
Surety Bonds [Member] | Balance on First Anniversary [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | 681,928 | |
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 | 850 | |
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 | 136,603 | |
Guarantees [Member] | Balance on First Anniversary [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | 90,958 | |
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 | 23,490 | |
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 | 12,484 | |
Guarantees [Member] | Beyond Five Years of Balance Sheet Date [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | 9,671 | |
Employee Related Commitments [Member] | Standby Letters of Credit [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | 88,632 | |
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 | 27,434 | |
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 | 61,198 | |
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 | 114,678 | |
Employee Related Commitments [Member] | Surety Bonds [Member] | Balance on First Anniversary [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | 114,678 | |
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 | 3,058 | |
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 | 1,728 | |
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 | 543,778 | |
Environment Related Commitments [Member] | Surety Bonds [Member] | Balance on First Anniversary [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | 542,932 | |
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 | 846 | |
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 | 187,082 | |
Other Commitments [Member] | Standby Letters of Credit [Member] | Balance on First Anniversary [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | 38,758 | |
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 | 148,324 | |
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 | 24,323 | |
Other Commitments [Member] | Surety Bonds [Member] | Balance on First Anniversary [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | 24,318 | |
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 | 0 | |
Other Commitments [Member] | Guarantees [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | 78,153 | |
Other Commitments [Member] | Guarantees [Member] | Balance on First Anniversary [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | 40,858 | |
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 | 15,140 | |
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 | 12,484 | |
Other Commitments [Member] | Guarantees [Member] | Beyond Five Years of Balance Sheet Date [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | 9,671 | |
Coal Segment [Member] | Guarantees [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | 58,450 | |
Coal Segment [Member] | Guarantees [Member] | Balance on First Anniversary [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | 50,100 | |
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 | 8,350 | |
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 | 1,195 | $ 1,275 |
Purchase Commitment [Member] | ||
Unrecorded Unconditional Purchase Obligation [Line Items] | ||
Less than 1 year | 207,816 | |
1 - 3 years | 278,404 | |
3 - 5 years | 190,761 | |
More than 5 years | 553,266 | |
Total Purchase Obligations | $ 1,230,247 |
Derivative Instruments (Details
Derivative Instruments (Details) $ in Thousands, MMcf in Billions | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2015USD ($)MMcf | Sep. 30, 2014USD ($) | Sep. 30, 2015USD ($) | Sep. 30, 2014USD ($) | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($)MMcf | |
Derivative [Line Items] | ||||||
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | $ (20,602) | $ (19,510) | $ (60,720) | $ 3,754 | $ 17,331 | |
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, tax effect | $ 9,931 | |||||
Commodity Member [Member] | ||||||
Derivative [Line Items] | ||||||
Derivative, Nonmonetary Notional Amount, Volume | MMcf | 368 | 216 | ||||
Derivative Liability, Current | $ 7,160 | 7,160 | $ 0 | |||
Derivative Liability, Noncurrent | 888 | 888 | 0 | |||
Derivative Asset, Noncurrent | $ 52,666 | $ 52,666 | $ 68,656 | |||
Basis Member [Member] | ||||||
Derivative [Line Items] | ||||||
Derivative, Nonmonetary Notional Amount, Volume | MMcf | 0 | 0 |
The Effect of Derivative Instru
The Effect of Derivative Instruments on the Consolidated Statement of Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | |
Derivative [Line Items] | ||||||||
Unrealized Gain (Loss) on Derivatives | $ 99,137 | $ 0 | $ 134,205 | $ 0 | ||||
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | 0 | 39,151 | 0 | (20,032) | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (251,856) | (251,856) | $ (151,100) | |||||
Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion | 20,602 | 19,510 | 60,720 | (3,754) | ||||
Commodity Member [Member] | ||||||||
Derivative [Line Items] | ||||||||
Unrealized Gain (Loss) on Derivatives | 102,771 | 137,032 | ||||||
Swap [Member] | Cash Flow Hedging [Member] | Natural Gas [Member] | ||||||||
Derivative [Line Items] | ||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ 81,403 | $ 121,521 | $ 6,574 | $ 42,493 | ||||
Derivative, Gain (Loss) | 0 | 1,850 | 0 | 2,713 | ||||
Basis Member [Member] | ||||||||
Derivative [Line Items] | ||||||||
Unrealized Gain (Loss) on Derivatives | 3,634 | 2,827 | ||||||
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 | $ 60,801 | $ 26,215 | $ 60,801 | $ 26,215 |
Derivative Instruments Asset_Li
Derivative Instruments Asset/Liability Derivative Table (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Commodity Member [Member] | ||
Derivative [Line Items] | ||
Derivative Asset, Current | $ 181,744 | $ 123,676 |
Derivative Liability, Noncurrent | 888 | 0 |
Derivative Asset, Noncurrent | 52,666 | 68,656 |
Derivative Liability, Current | 7,160 | 0 |
Gas Cash Flow hedges | 234,410 | 192,332 |
Derivative Liability | 8,048 | 0 |
Basis Swap [Member] | ||
Derivative [Line Items] | ||
Derivative Asset, Current | 6,250 | 1,064 |
Derivative Liability, Noncurrent | 1,628 | 0 |
Derivative Asset, Noncurrent | 447 | 0 |
Derivative Liability, Current | 0 | 327 |
Gas Cash Flow hedges | 6,697 | 1,064 |
Derivative Liability | $ 1,628 | $ 327 |
Financial Instruments Measured
Financial Instruments Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
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 | 231,431 | 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 | $ 1,195 | $ 1,275 |
Carrying Amounts and Fair Value
Carrying Amounts and Fair Values of Financial Instruments for Which the Fair Value Option Was Not Elected (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Dec. 31, 2013 |
Fair Value, Option, Disclosures Related to Election, Items Existing at Effective Date [Line Items] | ||||
Cash and Cash Equivalents | $ 83,019 | $ 176,989 | $ 225,563 | $ 327,420 |
Notes and Loans Payable, Current | (945,000) | 0 | ||
Long-term debt | (2,743,512) | (3,241,474) | ||
Carrying Amount | ||||
Fair Value, Option, Disclosures Related to Election, Items Existing at Effective Date [Line Items] | ||||
Cash and Cash Equivalents | 83,019 | 176,989 | ||
Long-term debt | (2,743,512) | (3,241,474) | ||
Fair Value | ||||
Fair Value, Option, Disclosures Related to Election, Items Existing at Effective Date [Line Items] | ||||
Cash and Cash Equivalents | 83,019 | 176,989 | ||
Long-term debt | $ (1,938,413) | $ (3,169,154) |
Industry Segment Results (Detai
Industry Segment Results (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 | |
Segment Reporting Information [Line Items] | |||||
Total Revenue and Other Income | $ 813,938 | $ 884,616 | $ 2,352,469 | $ 2,791,139 | |
Natural Gas, NGLs and Oil Sales | 202,007 | 257,358 | 658,498 | 753,399 | |
Revenue, Net | 628,037 | 836,303 | 2,051,260 | 2,612,709 | |
Sales-Outside | 605,609 | 741,318 | 1,973,246 | 2,308,338 | |
Sales Revenue, Services, Other | 5,129 | 73,673 | 24,596 | 213,047 | |
Revenue from Purchased Oil and Gas | 2,535 | 1,205 | 7,649 | 6,183 | |
Royalty Interest Gas Revenue | 11,545 | 17,610 | 31,774 | 62,590 | |
Freight-Outside | 3,219 | 2,497 | 13,995 | 22,551 | |
Segment Reporting - Intersegment Transfers | 0 | 0 | 0 | 0 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 183,613 | (3,033) | (658,190) | 103,426 | |
Total Assets | 11,185,366 | 11,718,935 | 11,185,366 | 11,718,935 | $ 11,759,530 |
Depreciation, Depletion and Amortization | 152,989 | 148,665 | 458,080 | 415,680 | |
Segment Reporting - Capital Expenditures | 259,371 | 355,312 | 895,156 | 1,174,607 | |
Income (Loss) from Equity Method Investments | 38,838 | 38,477 | |||
XCoal Energy and Resources [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Total Revenue and Other Income | 73,999 | 282,267 | |||
Duke Energy [Member] [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Total Revenue and Other Income | 103,230 | 107,915 | 268,278 | 297,836 | |
Total Reportable Segments [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 243,847 | 91,493 | (409,730) | 425,179 | |
Total Assets | 10,720,458 | 11,121,216 | 10,720,458 | 11,121,216 | |
Coal Segment [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Revenue, Net | 411,950 | 494,632 | 1,353,339 | 1,606,175 | |
Sales-Outside | 403,602 | 483,960 | 1,314,748 | 1,554,939 | |
Sales Revenue, Services, Other | 5,129 | 8,175 | 24,596 | 28,685 | |
Revenue from Purchased Oil and Gas | 0 | 0 | 0 | 0 | |
Royalty Interest Gas Revenue | 0 | 0 | 0 | 0 | |
Freight-Outside | 3,219 | 2,497 | 13,995 | 22,551 | |
Segment Reporting - Intersegment Transfers | 0 | 0 | 0 | 0 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 193,660 | 53,808 | 355,463 | 286,575 | |
Total Assets | 3,876,523 | 4,219,520 | 3,876,523 | 4,219,520 | |
Depreciation, Depletion and Amortization | 63,242 | 65,640 | 195,707 | 188,405 | |
Segment Reporting - Capital Expenditures | 48,331 | 71,719 | 137,533 | 318,039 | |
Income (Loss) from Equity Method Investments | 2,121 | 9,991 | 31,877 | 22,801 | |
Equity Method Investments | 4,105 | 92,934 | 4,105 | 92,934 | |
Coal Segment [Member] | VA Operations [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Revenue, Net | 48,845 | 71,033 | 192,904 | 223,315 | |
Sales-Outside | 48,795 | 70,931 | 192,626 | 222,701 | |
Sales Revenue, Services, Other | 0 | 0 | 0 | 0 | |
Revenue from Purchased Oil and Gas | 0 | 0 | 0 | 0 | |
Royalty Interest Gas Revenue | 0 | 0 | 0 | 0 | |
Freight-Outside | 50 | 102 | 278 | 614 | |
Segment Reporting - Intersegment Transfers | 0 | 0 | 0 | 0 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 16,037 | 3,397 | 46,167 | 2,626 | |
Total Assets | 409,746 | 363,695 | 409,746 | 363,695 | 363,695 |
Depreciation, Depletion and Amortization | 11,801 | 11,922 | 35,398 | 35,304 | |
Segment Reporting - Capital Expenditures | 9,895 | 9,068 | 26,310 | 20,413 | |
Coal Segment [Member] | Other Coal [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Revenue, Net | 38,723 | 43,179 | 127,546 | 141,263 | |
Sales-Outside | 31,636 | 33,388 | 95,519 | 105,572 | |
Sales Revenue, Services, Other | 5,129 | 8,175 | 24,596 | 28,685 | |
Revenue from Purchased Oil and Gas | 0 | 0 | 0 | 0 | |
Royalty Interest Gas Revenue | 0 | 0 | 0 | 0 | |
Freight-Outside | 1,958 | 1,616 | 7,431 | 7,006 | |
Segment Reporting - Intersegment Transfers | 0 | 0 | 0 | 0 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 45,295 | (21,212) | 16,763 | (52,743) | |
Total Assets | 1,324,081 | 1,770,695 | 1,324,081 | 1,770,695 | 1,770,695 |
Depreciation, Depletion and Amortization | 8,978 | 9,151 | 26,523 | 28,734 | |
Segment Reporting - Capital Expenditures | 3,892 | 5,202 | 8,284 | 11,129 | |
Coal Segment [Member] | PA Operations [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Revenue, Net | 324,382 | 380,420 | 1,032,889 | 1,241,597 | |
Sales-Outside | 323,171 | 379,641 | 1,026,603 | 1,226,666 | |
Sales Revenue, Services, Other | 0 | 0 | 0 | 0 | |
Revenue from Purchased Oil and Gas | 0 | 0 | 0 | 0 | |
Royalty Interest Gas Revenue | 0 | 0 | 0 | 0 | |
Freight-Outside | 1,211 | 779 | 6,286 | 14,931 | |
Segment Reporting - Intersegment Transfers | 0 | 0 | 0 | 0 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 132,328 | 71,623 | 292,533 | 336,692 | |
Total Assets | 2,142,696 | 2,085,130 | 2,142,696 | 2,085,130 | $ 2,085,130 |
Depreciation, Depletion and Amortization | 42,463 | 44,567 | 133,786 | 124,367 | |
Segment Reporting - Capital Expenditures | 34,544 | 57,449 | 102,939 | 286,497 | |
Gas Segment [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Natural Gas, NGLs and Oil Sales | 202,007 | 257,358 | 658,498 | 753,399 | |
Revenue, Net | 216,385 | 276,658 | 699,115 | 824,109 | |
Sales Revenue, Services, Other | 0 | 0 | 0 | 0 | |
Revenue from Purchased Oil and Gas | 2,535 | 1,205 | 7,649 | 6,183 | |
Royalty Interest Gas Revenue | 11,545 | 17,610 | 31,774 | 62,590 | |
Freight-Outside | 0 | 0 | 0 | 0 | |
Segment Reporting - Intersegment Transfers | 298 | 485 | 1,194 | 1,937 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 50,187 | 37,685 | (765,193) | 138,604 | |
Total Assets | 6,843,935 | 6,901,696 | 6,843,935 | 6,901,696 | |
Depreciation, Depletion and Amortization | 89,742 | 82,538 | 262,356 | 225,766 | |
Segment Reporting - Capital Expenditures | 209,560 | 281,641 | 749,015 | 852,097 | |
Income (Loss) from Equity Method Investments | 13,467 | 6,974 | 6,961 | 17,039 | |
Equity Method Investments | 205,987 | 92,188 | 205,987 | 92,188 | |
Gas Segment [Member] | Marcellus Shale [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Natural Gas, NGLs and Oil Sales | 96,941 | 109,850 | 331,998 | 339,391 | |
Revenue, Net | 96,941 | 109,850 | 331,998 | 339,391 | |
Sales Revenue, Services, Other | 0 | 0 | 0 | 0 | |
Revenue from Purchased Oil and Gas | 0 | 0 | 0 | 0 | |
Royalty Interest Gas Revenue | 0 | 0 | 0 | 0 | |
Freight-Outside | 0 | 0 | 0 | 0 | |
Segment Reporting - Intersegment Transfers | 0 | 0 | 0 | 0 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | (18,444) | 27,328 | 16,683 | 121,197 | |
Gas Segment [Member] | Utica Shale [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Revenue, Net | 21,572 | 35,846 | 57,836 | 56,383 | |
Sales Revenue, Services, Other | 0 | 0 | 0 | 0 | |
Revenue from Purchased Oil and Gas | 0 | 0 | 0 | 0 | |
Royalty Interest Gas Revenue | 0 | 0 | 0 | 0 | |
Freight-Outside | 0 | 0 | 0 | 0 | |
Segment Reporting - Intersegment Transfers | 0 | 0 | 0 | 0 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | (11,230) | 19,776 | (23,193) | 25,042 | |
Gas Segment [Member] | Coalbed Methane [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Natural Gas, NGLs and Oil Sales | 63,145 | 82,914 | 203,522 | 259,665 | |
Revenue, Net | 63,443 | 83,399 | 204,716 | 261,602 | |
Sales Revenue, Services, Other | 0 | 0 | 0 | 0 | |
Revenue from Purchased Oil and Gas | 0 | 0 | 0 | 0 | |
Royalty Interest Gas Revenue | 0 | 0 | 0 | 0 | |
Freight-Outside | 0 | 0 | 0 | 0 | |
Segment Reporting - Intersegment Transfers | 298 | 485 | 1,194 | 1,937 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 8,857 | 19,790 | 33,299 | 71,358 | |
Gas Segment [Member] | Other Gas [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Natural Gas, NGLs and Oil Sales | 20,349 | 28,748 | 65,142 | 97,960 | |
Revenue, Net | 34,429 | 47,563 | 104,565 | 166,733 | |
Sales Revenue, Services, Other | 0 | 0 | 0 | 0 | |
Revenue from Purchased Oil and Gas | 2,535 | 1,205 | 7,649 | 6,183 | |
Royalty Interest Gas Revenue | 11,545 | 17,610 | 31,774 | 62,590 | |
Freight-Outside | 0 | 0 | 0 | 0 | |
Segment Reporting - Intersegment Transfers | 0 | 0 | 0 | 0 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 71,004 | (29,209) | (791,982) | (78,993) | |
Other Segments [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Revenue, Net | 0 | 88,563 | 0 | 246,773 | |
Sales-Outside | 0 | 0 | 0 | 0 | |
Sales Revenue, Services, Other | 0 | 65,498 | 0 | 184,362 | |
Revenue from Purchased Oil and Gas | 0 | 0 | 0 | 0 | |
Royalty Interest Gas Revenue | 0 | 0 | 0 | 0 | |
Freight-Outside | 0 | 0 | 0 | 0 | |
Segment Reporting - Intersegment Transfers | 0 | 23,065 | 0 | 62,411 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | (13,885) | 1,085 | (15,856) | (1,811) | |
Total Assets | 204,638 | 195,351 | 204,638 | 195,351 | |
Depreciation, Depletion and Amortization | 5 | 487 | 17 | 1,509 | |
Segment Reporting - Capital Expenditures | 1,480 | 1,952 | 8,608 | 4,471 | |
Income (Loss) from Equity Method Investments | (1,363) | ||||
Intersegment Eliminations [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Revenue, Net | (298) | (23,550) | (1,194) | (64,348) | |
Sales-Outside | 0 | 0 | 0 | 0 | |
Sales Revenue, Services, Other | 0 | 0 | 0 | 0 | |
Revenue from Purchased Oil and Gas | 0 | 0 | 0 | 0 | |
Royalty Interest Gas Revenue | 0 | 0 | 0 | 0 | |
Freight-Outside | 0 | 0 | 0 | 0 | |
Segment Reporting - Intersegment Transfers | (298) | (23,550) | (1,194) | (64,348) | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | (46,349) | (95,611) | (232,604) | (319,942) | |
Total Assets | 260,270 | 402,368 | 260,270 | 402,368 | |
Depreciation, Depletion and Amortization | 0 | 0 | 0 | 0 | |
Segment Reporting - Capital Expenditures | $ 0 | 0 | $ 0 | 0 | |
All Other | |||||
Segment Reporting Information [Line Items] | |||||
Equity Method Investments | $ 387 | $ 387 |
Reconciliation of Segment Infor
Reconciliation of Segment Information, Revenue and Other Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Jun. 30, 2013 | Sep. 30, 2015 | Sep. 30, 2014 | |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||||
Royalty Interest Gas Revenue | $ 11,545 | $ 17,610 | $ 31,774 | $ 62,590 | |
Sales Revenue, Services, Other | 5,129 | 73,673 | 24,596 | 213,047 | |
Revenue, Net | 628,037 | 836,303 | 2,051,260 | 2,612,709 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 183,613 | (3,033) | (658,190) | 103,426 | |
Depreciation, Depletion and Amortization | 152,989 | 148,665 | 458,080 | 415,680 | |
Segment Reporting - Capital Expenditures | 259,371 | 355,312 | 895,156 | 1,174,607 | |
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 | 243,847 | 91,493 | (409,730) | 425,179 | |
Other Segments [Member] | |||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||||
Royalty Interest Gas Revenue | 0 | 0 | 0 | 0 | |
Sales Revenue, Services, Other | 0 | 65,498 | 0 | 184,362 | |
Revenue, Net | 0 | 88,563 | 0 | 246,773 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | (13,885) | 1,085 | (15,856) | (1,811) | |
Depreciation, Depletion and Amortization | 5 | 487 | 17 | 1,509 | |
Segment Reporting - Capital Expenditures | 1,480 | 1,952 | 8,608 | 4,471 | |
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 | (48,558) | (55,397) | (150,187) | (170,539) | |
Fees for Disposing Non-core Assets | 2,209 | 19,224 | (14,666) | 54,136 | |
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 | 0 | (20,990) | $ (95,267) | (67,751) | |
Intersegment Eliminations [Member] | |||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||||
Royalty Interest Gas Revenue | 0 | 0 | 0 | 0 | |
Sales Revenue, Services, Other | 0 | 0 | 0 | 0 | |
Revenue, Net | (298) | (23,550) | (1,194) | (64,348) | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | (46,349) | (95,611) | (232,604) | (319,942) | |
Depreciation, Depletion and Amortization | 0 | 0 | 0 | 0 | |
Segment Reporting - Capital Expenditures | 0 | 0 | 0 | 0 | |
Gas Segment [Member] | |||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||||
Royalty Interest Gas Revenue | 11,545 | 17,610 | 31,774 | 62,590 | |
Sales Revenue, Services, Other | 0 | 0 | 0 | 0 | |
Revenue, Net | 216,385 | 276,658 | 699,115 | 824,109 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 50,187 | 37,685 | (765,193) | 138,604 | |
Depreciation, Depletion and Amortization | 89,742 | 82,538 | 262,356 | 225,766 | |
Segment Reporting - Capital Expenditures | 209,560 | 281,641 | 749,015 | 852,097 | |
Coal Segment [Member] | |||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||||
Royalty Interest Gas Revenue | 0 | 0 | 0 | 0 | |
Sales Revenue, Services, Other | 5,129 | 8,175 | 24,596 | 28,685 | |
Revenue, Net | 411,950 | 494,632 | 1,353,339 | 1,606,175 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 193,660 | 53,808 | 355,463 | 286,575 | |
Depreciation, Depletion and Amortization | 63,242 | 65,640 | 195,707 | 188,405 | |
Segment Reporting - Capital Expenditures | 48,331 | 71,719 | 137,533 | 318,039 | |
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 | 0 | 0 | |
Sales Revenue, Services, Other | 0 | 0 | 0 | 0 | |
Revenue, Net | 48,845 | 71,033 | 192,904 | 223,315 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 16,037 | 3,397 | 46,167 | 2,626 | |
Depreciation, Depletion and Amortization | 11,801 | 11,922 | 35,398 | 35,304 | |
Segment Reporting - Capital Expenditures | 9,895 | 9,068 | 26,310 | 20,413 | |
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 | 0 | 0 | |
Sales Revenue, Services, Other | 0 | 0 | 0 | 0 | |
Revenue, Net | 63,443 | 83,399 | 204,716 | 261,602 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 8,857 | 19,790 | 33,299 | 71,358 | |
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 | 0 | 0 | |
Sales Revenue, Services, Other | 0 | 0 | 0 | 0 | |
Revenue, Net | 21,572 | 35,846 | 57,836 | 56,383 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | (11,230) | 19,776 | (23,193) | 25,042 | |
Other Gas [Member] | Gas Segment [Member] | |||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||||
Royalty Interest Gas Revenue | 11,545 | 17,610 | 31,774 | 62,590 | |
Sales Revenue, Services, Other | 0 | 0 | 0 | 0 | |
Revenue, Net | 34,429 | 47,563 | 104,565 | 166,733 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 71,004 | (29,209) | (791,982) | (78,993) | |
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 | 0 | 0 | |
Sales Revenue, Services, Other | 0 | 0 | 0 | 0 | |
Revenue, Net | 324,382 | 380,420 | 1,032,889 | 1,241,597 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 132,328 | 71,623 | 292,533 | 336,692 | |
Depreciation, Depletion and Amortization | 42,463 | 44,567 | 133,786 | 124,367 | |
Segment Reporting - Capital Expenditures | 34,544 | 57,449 | 102,939 | 286,497 | |
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 | 0 | 0 | |
Sales Revenue, Services, Other | 5,129 | 8,175 | 24,596 | 28,685 | |
Revenue, Net | 38,723 | 43,179 | 127,546 | 141,263 | |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 45,295 | (21,212) | 16,763 | (52,743) | |
Depreciation, Depletion and Amortization | 8,978 | 9,151 | 26,523 | 28,734 | |
Segment Reporting - Capital Expenditures | $ 3,892 | $ 5,202 | $ 8,284 | $ 11,129 |
Reconciliation of Segment Inf68
Reconciliation of Segment Information, Total Assets (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 |
Assets: | |||
Total Assets | $ 11,185,366 | $ 11,759,530 | $ 11,718,935 |
Items excluded from segment assets: | |||
Recoverable Income Taxes | 64,693 | $ 20,401 | |
Total Reportable Segments [Member] | |||
Assets: | |||
Total Assets | 10,720,458 | 11,121,216 | |
Coal Segment [Member] | |||
Assets: | |||
Total Assets | 3,876,523 | 4,219,520 | |
Gas Segment [Member] | |||
Assets: | |||
Total Assets | 6,843,935 | 6,901,696 | |
Other Segments [Member] | |||
Assets: | |||
Total Assets | 204,638 | 195,351 | |
Excludes Gas Segment [Member] | |||
Items excluded from segment assets: | |||
Cash and Other Investments | 82,932 | 193,325 | |
Intersegment Eliminations [Member] | |||
Assets: | |||
Total Assets | 260,270 | 402,368 | |
Items excluded from segment assets: | |||
Recoverable Income Taxes | 64,693 | 41,971 | |
Deferred Tax Assets | 78,501 | 127,731 | |
Bond Issuance Costs | $ 34,144 | $ 39,341 |
Guarantor Subsidiaries Financ69
Guarantor Subsidiaries Financial Information Additional Information (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Dec. 31, 2013 |
Condensed Financial Statements, Captions [Line Items] | ||||
Cash and Cash Equivalents | $ 83,019 | $ 176,989 | $ 225,563 | $ 327,420 |
Long-term Debt | 2,743,512 | 3,241,474 | ||
Accounts and Notes Receivable: | ||||
Trade | 237,896 | 259,817 | ||
Inventories | $ 112,950 | 101,873 | ||
Senior Notes 8 Percent Due April 2017 Par Value [Member] | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 8.25% | |||
Senior notes due April 2020 at 8.25% | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 6.375% | |||
Long-term Debt | $ 74,470 | 1,014,800 | ||
Senior Secured Notes Due March 2021 Par Value [Member] [Member] [Member] | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Long-term Debt | $ 1,855,840 | 1,856,506 | ||
Senior notes due March 2021 at 6.375% | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 5.875% | |||
Long-term Debt | $ 20,611 | $ 250,000 | ||
Senior Notes due April 2023 at 8.0% [Member] | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Long-term Debt | $ 493,213 | |||
Senior Notes 8 Percent Due April 2023 Par Value [Member] [Member] | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% |
Guarantor Subsidiaries Income S
Guarantor Subsidiaries Income Statement (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Schedule of Condensed Consolidating Statement of Operations [Line Items] | ||||
Natural Gas, NGLs and Oil Sales | $ 202,007 | $ 257,358 | $ 658,498 | $ 753,399 |
Unrealized Gain (Loss) on Derivatives | 99,137 | 0 | 134,205 | 0 |
Coal Sales | 403,602 | 483,960 | 1,314,748 | 1,554,939 |
Other Revenue, Net | 5,129 | 73,673 | 24,596 | 213,047 |
Gas Royalty Interests and Purchased Gas Sales | 14,080 | 18,815 | 39,423 | 68,773 |
Freight-Outside | 3,219 | 2,497 | 13,995 | 22,551 |
Other Income (including equity earnings) | 38,640 | 40,784 | 112,400 | 165,815 |
Gain (Loss) on Disposition of Assets | 48,124 | 7,529 | 54,604 | 12,615 |
Total Revenue and Other Income | 813,938 | 884,616 | 2,352,469 | 2,791,139 |
Oil and Gas Property, Lease Operating Expense | 26,454 | 30,005 | 83,385 | 85,622 |
Gas Gathering, Transportation, Marketing and Processing Costs | 92,606 | 68,234 | 258,329 | 179,813 |
Production Tax Expense | 8,475 | 8,486 | 24,605 | 28,817 |
E&P Direct Administration and Selling | 10,711 | 14,060 | 38,630 | 39,216 |
E&P Depreciation, Depletion, and Amortization | 89,742 | 82,538 | 262,356 | 225,766 |
Exploration and Production Costs | 3,332 | 8,045 | 7,694 | 15,765 |
Production Royalty Interests and Purchased Gas Costs | 10,989 | 15,751 | 30,751 | 58,518 |
Other Expenses | 26,986 | 13,700 | 66,633 | 60,876 |
Impairment of Oil and Gas Properties | 0 | 0 | 828,905 | 0 |
Results of Operations, General and Administrative Related to Oil and Gas Producing Activities | 12,513 | 14,874 | 42,086 | 47,755 |
Oil and Gas Production Expense | 281,808 | 255,693 | 1,643,374 | 742,148 |
Operating Expenses | 173,178 | 344,992 | 756,045 | 1,033,088 |
Taxes, Miscellaneous | 19,101 | 23,306 | 63,474 | 77,397 |
Direct Administration, Selling and Other Costs | 8,225 | 10,682 | 26,192 | 34,354 |
Coal Depreciation, Depletion, Amortization | 63,242 | 65,640 | 195,707 | 188,405 |
Freight Expense | 3,219 | 2,497 | 13,995 | 22,551 |
General and Administrative Expense | 7,477 | 10,639 | 21,786 | 34,005 |
Other Cost and Expense, Operating | 10,680 | 10,113 | 32,863 | 41,444 |
Cost of Coal Products and Services | 285,122 | 467,869 | 1,110,062 | 1,431,244 |
Other Nonoperating Expense | 14,832 | 86,993 | 39,268 | 246,355 |
Other General and Administrative Expense | 0 | 220 | 0 | 651 |
Depreciation, Depletion and Amortization, Nonproduction | 5 | 487 | 17 | 1,509 |
Gains (Losses) on Extinguishment of Debt | 0 | 20,990 | 67,751 | 95,267 |
Interest Expense | 48,558 | 55,397 | 150,187 | 170,539 |
Other General Expense | 63,395 | 164,087 | 257,223 | 514,321 |
Total Costs | 630,325 | 887,649 | 3,010,659 | 2,687,713 |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 183,613 | (3,033) | (658,190) | 103,426 |
Income Tax Expense (Benefit) | 58,143 | (1,388) | (259,389) | 8,315 |
Income (Loss) from Continuing Operations Attributable to Parent | 125,470 | (1,645) | (398,801) | 95,111 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | 0 | 0 | (5,687) |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 125,470 | (1,645) | (398,801) | 89,424 |
Net Income (Loss) | 118,980 | (1,645) | (405,291) | 89,424 |
Net Income (Loss) Attributable to Noncontrolling Interest | 6,490 | 0 | 6,490 | 0 |
Parent Issuer [Member] | ||||
Schedule of Condensed Consolidating Statement of Operations [Line Items] | ||||
Natural Gas, NGLs and Oil Sales | 0 | 0 | 0 | 0 |
Unrealized Gain (Loss) on Derivatives | 0 | 0 | ||
Coal Sales | 0 | 0 | 0 | 0 |
Other Revenue, Net | 0 | 0 | 0 | 0 |
Gas Royalty Interests and Purchased Gas Sales | 0 | 0 | 0 | 0 |
Freight-Outside | 0 | 0 | 0 | 0 |
Other Income (including equity earnings) | 156,955 | 62,288 | (246,791) | 304,076 |
Gain (Loss) on Disposition of Assets | 0 | 0 | 0 | 0 |
Total Revenue and Other Income | 156,955 | 62,288 | (246,791) | 304,076 |
Oil and Gas Property, Lease Operating Expense | 0 | 0 | 0 | 0 |
Gas Gathering, Transportation, Marketing and Processing Costs | 0 | 0 | 0 | 0 |
Production Tax Expense | 0 | 0 | 0 | 0 |
E&P Direct Administration and Selling | 0 | 0 | 0 | 0 |
E&P Depreciation, Depletion, and Amortization | 0 | 0 | 0 | 0 |
Exploration and Production Costs | 0 | 0 | 0 | 0 |
Production Royalty Interests and Purchased Gas Costs | 0 | 0 | 0 | 0 |
Other Expenses | 0 | 0 | 0 | 0 |
Impairment of Oil and Gas Properties | 0 | |||
Results of Operations, General and Administrative Related to Oil and Gas Producing Activities | 0 | 0 | 0 | 0 |
Oil and Gas Production Expense | 0 | 0 | 0 | 0 |
Operating Expenses | 1,972 | 3,459 | 5,568 | 20,060 |
Taxes, Miscellaneous | 0 | 0 | 0 | 0 |
Direct Administration, Selling and Other Costs | 0 | 0 | 0 | 0 |
Coal Depreciation, Depletion, Amortization | 154 | 159 | 447 | 472 |
Freight Expense | 0 | 0 | 0 | 0 |
General and Administrative Expense | 0 | 0 | 0 | 0 |
Other Cost and Expense, Operating | 0 | 0 | 0 | 0 |
Cost of Coal Products and Services | 2,126 | 3,618 | 6,015 | 20,532 |
Other Nonoperating Expense | 14,571 | 24,104 | 37,775 | 63,895 |
Other General and Administrative Expense | 0 | 0 | ||
Depreciation, Depletion and Amortization, Nonproduction | 0 | 14 | 2 | 27 |
Gains (Losses) on Extinguishment of Debt | 20,990 | 67,751 | 95,267 | |
Interest Expense | 44,385 | 52,908 | 141,493 | 162,729 |
Other General Expense | 58,956 | 98,016 | 247,021 | 321,918 |
Total Costs | 61,082 | 101,634 | 253,036 | 342,450 |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 95,873 | (39,346) | (499,827) | (38,374) |
Income Tax Expense (Benefit) | (23,107) | (37,701) | (94,536) | (127,798) |
Income (Loss) from Continuing Operations Attributable to Parent | 89,424 | |||
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 118,980 | (1,645) | (405,291) | 89,424 |
Net Income (Loss) | 118,980 | (1,645) | (405,291) | 89,424 |
Net Income (Loss) Attributable to Noncontrolling Interest | 0 | 0 | ||
CNX Gas Guarantor [Member] | ||||
Schedule of Condensed Consolidating Statement of Operations [Line Items] | ||||
Natural Gas, NGLs and Oil Sales | 202,304 | 257,844 | 659,692 | 755,337 |
Unrealized Gain (Loss) on Derivatives | 99,137 | 134,205 | ||
Coal Sales | 0 | 0 | 0 | 0 |
Other Revenue, Net | 0 | 0 | 0 | 0 |
Gas Royalty Interests and Purchased Gas Sales | 14,080 | 18,815 | 39,423 | 68,773 |
Freight-Outside | 0 | 0 | 0 | 0 |
Other Income (including equity earnings) | 16,285 | 13,861 | 46,625 | 51,688 |
Gain (Loss) on Disposition of Assets | 890 | 5,488 | 3,076 | 11,560 |
Total Revenue and Other Income | 332,696 | 296,008 | 883,021 | 887,358 |
Oil and Gas Property, Lease Operating Expense | 26,454 | 30,005 | 83,385 | 85,622 |
Gas Gathering, Transportation, Marketing and Processing Costs | 92,606 | 68,234 | 258,329 | 179,813 |
Production Tax Expense | 8,475 | 8,486 | 24,605 | 28,817 |
E&P Direct Administration and Selling | 10,711 | 14,060 | 38,630 | 39,216 |
E&P Depreciation, Depletion, and Amortization | 89,742 | 82,538 | 262,356 | 225,766 |
Exploration and Production Costs | 3,332 | 8,045 | 7,694 | 15,765 |
Production Royalty Interests and Purchased Gas Costs | 10,989 | 15,751 | 30,751 | 58,531 |
Other Expenses | 26,986 | 13,700 | 66,633 | 60,876 |
Impairment of Oil and Gas Properties | 828,905 | |||
Results of Operations, General and Administrative Related to Oil and Gas Producing Activities | 12,513 | 14,874 | 42,086 | 47,755 |
Oil and Gas Production Expense | 281,808 | 255,693 | 1,643,374 | 742,161 |
Operating Expenses | 0 | 0 | 0 | 0 |
Taxes, Miscellaneous | 0 | 0 | 0 | 0 |
Direct Administration, Selling and Other Costs | 0 | 0 | 0 | 0 |
Coal Depreciation, Depletion, Amortization | 0 | 0 | 0 | 0 |
Freight Expense | 0 | 0 | 0 | 0 |
General and Administrative Expense | 0 | 0 | 0 | 0 |
Other Cost and Expense, Operating | 0 | 0 | 0 | 0 |
Cost of Coal Products and Services | 0 | 0 | 0 | 0 |
Other Nonoperating Expense | 0 | 0 | 0 | 0 |
Other General and Administrative Expense | 0 | 0 | ||
Depreciation, Depletion and Amortization, Nonproduction | 0 | 0 | 0 | 0 |
Gains (Losses) on Extinguishment of Debt | 0 | 0 | 0 | |
Interest Expense | 701 | 2,629 | 4,840 | 6,593 |
Other General Expense | 701 | 2,629 | 4,840 | 6,593 |
Total Costs | 282,509 | 258,322 | 1,648,214 | 748,754 |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 50,187 | 37,686 | (765,193) | 138,604 |
Income Tax Expense (Benefit) | 19,841 | 13,281 | (286,335) | 51,828 |
Income (Loss) from Continuing Operations Attributable to Parent | 86,776 | |||
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 30,346 | 24,405 | (478,858) | 86,776 |
Net Income (Loss) | 30,346 | 24,405 | (478,858) | 86,776 |
Net Income (Loss) Attributable to Noncontrolling Interest | 0 | 0 | ||
Other Guarantors Subsidiaries [Member] | ||||
Schedule of Condensed Consolidating Statement of Operations [Line Items] | ||||
Natural Gas, NGLs and Oil Sales | 0 | 0 | 0 | 0 |
Unrealized Gain (Loss) on Derivatives | 0 | 0 | ||
Coal Sales | 338,967 | 408,032 | 1,109,427 | 1,309,606 |
Other Revenue, Net | 5,129 | 8,175 | 24,596 | 28,685 |
Gas Royalty Interests and Purchased Gas Sales | 0 | 0 | 0 | 0 |
Freight-Outside | 2,977 | 2,341 | 12,738 | 19,565 |
Other Income (including equity earnings) | 22,263 | 24,937 | 65,510 | 99,525 |
Gain (Loss) on Disposition of Assets | 47,223 | 2,030 | 51,492 | 922 |
Total Revenue and Other Income | 416,559 | 445,515 | 1,263,763 | 1,458,303 |
Oil and Gas Property, Lease Operating Expense | 0 | 0 | 0 | 0 |
Gas Gathering, Transportation, Marketing and Processing Costs | 0 | 0 | 0 | 0 |
Production Tax Expense | 0 | 0 | 0 | 0 |
E&P Direct Administration and Selling | 0 | 0 | 0 | 0 |
E&P Depreciation, Depletion, and Amortization | 0 | 0 | 0 | 0 |
Exploration and Production Costs | 0 | 0 | 0 | 0 |
Production Royalty Interests and Purchased Gas Costs | 0 | 0 | 0 | 0 |
Other Expenses | 0 | 0 | 0 | 0 |
Impairment of Oil and Gas Properties | 0 | |||
Results of Operations, General and Administrative Related to Oil and Gas Producing Activities | 0 | 0 | 0 | 0 |
Oil and Gas Production Expense | 0 | 0 | 0 | 0 |
Operating Expenses | 137,336 | 296,391 | 639,888 | 884,421 |
Taxes, Miscellaneous | 16,547 | 20,079 | 55,178 | 66,442 |
Direct Administration, Selling and Other Costs | 6,989 | 9,099 | 22,344 | 29,342 |
Coal Depreciation, Depletion, Amortization | 54,657 | 56,568 | 168,564 | 163,060 |
Freight Expense | 2,977 | 2,341 | 12,738 | 19,565 |
General and Administrative Expense | 5,508 | 8,016 | 15,024 | 24,410 |
Other Cost and Expense, Operating | 10,680 | 10,113 | 32,863 | 41,444 |
Cost of Coal Products and Services | 234,694 | 402,607 | 946,599 | 1,228,684 |
Other Nonoperating Expense | 217 | 81 | 997 | 1,111 |
Other General and Administrative Expense | 0 | 0 | ||
Depreciation, Depletion and Amortization, Nonproduction | 5 | 6 | 15 | 52 |
Gains (Losses) on Extinguishment of Debt | 0 | 0 | 0 | |
Interest Expense | 1,587 | (612) | 4,776 | 411 |
Other General Expense | 1,809 | (525) | 5,788 | 1,574 |
Total Costs | 236,503 | 402,082 | 952,387 | 1,230,258 |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 180,056 | 43,433 | 311,376 | 228,045 |
Income Tax Expense (Benefit) | 61,497 | 21,399 | 120,149 | 81,183 |
Income (Loss) from Continuing Operations Attributable to Parent | 146,862 | |||
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 118,559 | 22,034 | 191,227 | 146,862 |
Net Income (Loss) | 118,559 | 22,034 | 191,227 | 146,862 |
Net Income (Loss) Attributable to Noncontrolling Interest | 0 | 0 | ||
CNX Coal Resources LP [Member] | ||||
Schedule of Condensed Consolidating Statement of Operations [Line Items] | ||||
Natural Gas, NGLs and Oil Sales | 0 | 0 | 0 | 0 |
Unrealized Gain (Loss) on Derivatives | 0 | 0 | ||
Coal Sales | 64,635 | 75,928 | 205,321 | 245,333 |
Other Revenue, Net | 0 | 0 | 0 | 0 |
Gas Royalty Interests and Purchased Gas Sales | 0 | 0 | 0 | 0 |
Freight-Outside | 242 | 156 | 1,257 | 2,986 |
Other Income (including equity earnings) | 264 | 58 | 615 | 7,269 |
Gain (Loss) on Disposition of Assets | 11 | 3 | 36 | 120 |
Total Revenue and Other Income | 65,152 | 76,145 | 207,229 | 255,708 |
Oil and Gas Property, Lease Operating Expense | 0 | 0 | 0 | 0 |
Gas Gathering, Transportation, Marketing and Processing Costs | 0 | 0 | 0 | 0 |
Production Tax Expense | 0 | 0 | 0 | 0 |
E&P Direct Administration and Selling | 0 | 0 | 0 | 0 |
E&P Depreciation, Depletion, and Amortization | 0 | 0 | 0 | 0 |
Exploration and Production Costs | 0 | 0 | 0 | 0 |
Production Royalty Interests and Purchased Gas Costs | 0 | 0 | 0 | 0 |
Other Expenses | 0 | 0 | 0 | 0 |
Impairment of Oil and Gas Properties | 0 | |||
Results of Operations, General and Administrative Related to Oil and Gas Producing Activities | 0 | 0 | 0 | 0 |
Oil and Gas Production Expense | 0 | 0 | 0 | 0 |
Operating Expenses | 34,167 | 45,628 | 111,783 | 130,544 |
Taxes, Miscellaneous | 2,554 | 3,227 | 8,296 | 10,955 |
Direct Administration, Selling and Other Costs | 1,236 | 1,583 | 3,848 | 5,012 |
Coal Depreciation, Depletion, Amortization | 8,431 | 8,913 | 26,696 | 24,873 |
Freight Expense | 242 | 156 | 1,257 | 2,986 |
General and Administrative Expense | 1,969 | 2,623 | 6,762 | 9,595 |
Other Cost and Expense, Operating | 0 | 0 | 0 | 0 |
Cost of Coal Products and Services | 48,599 | 62,130 | 158,642 | 183,965 |
Other Nonoperating Expense | 0 | 0 | 0 | 0 |
Other General and Administrative Expense | 0 | 0 | ||
Depreciation, Depletion and Amortization, Nonproduction | 0 | 0 | 0 | 0 |
Gains (Losses) on Extinguishment of Debt | 0 | 0 | 0 | |
Interest Expense | 1,888 | 2,190 | 6,597 | 4,709 |
Other General Expense | 1,888 | 2,190 | 6,597 | 4,709 |
Total Costs | 50,487 | 64,320 | 165,239 | 188,674 |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | 14,665 | 11,825 | 41,990 | 67,034 |
Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 |
Income (Loss) from Continuing Operations Attributable to Parent | 67,034 | |||
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 14,665 | 11,825 | 41,990 | 67,034 |
Net Income (Loss) | 14,665 | 11,825 | 41,990 | 67,034 |
Net Income (Loss) Attributable to Noncontrolling Interest | 0 | 0 | ||
Non-Guarantors [Member] | ||||
Schedule of Condensed Consolidating Statement of Operations [Line Items] | ||||
Natural Gas, NGLs and Oil Sales | 0 | 0 | 0 | 0 |
Unrealized Gain (Loss) on Derivatives | 0 | 0 | ||
Coal Sales | 0 | 0 | 0 | 0 |
Other Revenue, Net | 0 | 65,498 | 0 | 184,362 |
Gas Royalty Interests and Purchased Gas Sales | 0 | 0 | 0 | 0 |
Freight-Outside | 0 | 0 | 0 | 0 |
Other Income (including equity earnings) | (171) | 2,400 | 4,105 | 7,442 |
Gain (Loss) on Disposition of Assets | 0 | 8 | 0 | 13 |
Total Revenue and Other Income | (171) | 67,906 | 4,105 | 191,817 |
Oil and Gas Property, Lease Operating Expense | 0 | 0 | 0 | 0 |
Gas Gathering, Transportation, Marketing and Processing Costs | 0 | 0 | 0 | 0 |
Production Tax Expense | 0 | 0 | 0 | 0 |
E&P Direct Administration and Selling | 0 | 0 | 0 | 0 |
E&P Depreciation, Depletion, and Amortization | 0 | 0 | 0 | 0 |
Exploration and Production Costs | 15 | 0 | 9 | 0 |
Production Royalty Interests and Purchased Gas Costs | 0 | 0 | 0 | 0 |
Other Expenses | 0 | 0 | 0 | 0 |
Impairment of Oil and Gas Properties | 0 | |||
Results of Operations, General and Administrative Related to Oil and Gas Producing Activities | 0 | 0 | 0 | 0 |
Oil and Gas Production Expense | 15 | 0 | 9 | 0 |
Operating Expenses | 0 | 0 | 0 | 0 |
Taxes, Miscellaneous | 0 | 0 | 0 | 0 |
Direct Administration, Selling and Other Costs | 0 | 0 | 0 | 0 |
Coal Depreciation, Depletion, Amortization | 0 | 0 | 0 | 0 |
Freight Expense | 0 | 0 | 0 | 0 |
General and Administrative Expense | 0 | 0 | 0 | 0 |
Other Cost and Expense, Operating | 0 | 0 | 0 | 0 |
Cost of Coal Products and Services | 0 | 0 | 0 | 0 |
Other Nonoperating Expense | 44 | 62,808 | 496 | 181,349 |
Other General and Administrative Expense | 220 | 651 | ||
Depreciation, Depletion and Amortization, Nonproduction | 0 | 467 | 0 | 1,430 |
Gains (Losses) on Extinguishment of Debt | 0 | 0 | 0 | |
Interest Expense | 0 | 91 | 76 | 185 |
Other General Expense | 44 | 63,586 | 572 | 183,615 |
Total Costs | 59 | 63,586 | 581 | 183,615 |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | (230) | 4,320 | 3,524 | 8,202 |
Income Tax Expense (Benefit) | (88) | 1,633 | 1,333 | 3,102 |
Income (Loss) from Continuing Operations Attributable to Parent | 5,100 | |||
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | (5,687) | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | (142) | 2,687 | 2,191 | (587) |
Net Income (Loss) | (142) | 2,687 | 2,191 | (587) |
Net Income (Loss) Attributable to Noncontrolling Interest | 0 | 0 | ||
Consolidation, Eliminations [Member] | ||||
Schedule of Condensed Consolidating Statement of Operations [Line Items] | ||||
Natural Gas, NGLs and Oil Sales | (297) | (486) | (1,194) | (1,938) |
Unrealized Gain (Loss) on Derivatives | 0 | 0 | ||
Coal Sales | 0 | 0 | 0 | 0 |
Other Revenue, Net | 0 | 0 | 0 | 0 |
Gas Royalty Interests and Purchased Gas Sales | 0 | 0 | 0 | 0 |
Freight-Outside | 0 | 0 | 0 | 0 |
Other Income (including equity earnings) | (156,956) | (62,760) | 242,336 | (304,185) |
Gain (Loss) on Disposition of Assets | 0 | 0 | 0 | 0 |
Total Revenue and Other Income | (157,253) | (63,246) | 241,142 | (306,123) |
Oil and Gas Property, Lease Operating Expense | 0 | 0 | 0 | 0 |
Gas Gathering, Transportation, Marketing and Processing Costs | 0 | 0 | 0 | 0 |
Production Tax Expense | 0 | 0 | 0 | 0 |
E&P Direct Administration and Selling | 0 | 0 | 0 | 0 |
E&P Depreciation, Depletion, and Amortization | 0 | 0 | 0 | 0 |
Exploration and Production Costs | (15) | 0 | (9) | 0 |
Production Royalty Interests and Purchased Gas Costs | 0 | 0 | 0 | (13) |
Other Expenses | 0 | 0 | 0 | 0 |
Impairment of Oil and Gas Properties | 0 | |||
Results of Operations, General and Administrative Related to Oil and Gas Producing Activities | 0 | 0 | 0 | 0 |
Oil and Gas Production Expense | (15) | 0 | (9) | (13) |
Operating Expenses | (297) | (486) | (1,194) | (1,937) |
Taxes, Miscellaneous | 0 | 0 | 0 | 0 |
Direct Administration, Selling and Other Costs | 0 | 0 | 0 | 0 |
Coal Depreciation, Depletion, Amortization | 0 | 0 | 0 | 0 |
Freight Expense | 0 | 0 | 0 | 0 |
General and Administrative Expense | 0 | 0 | 0 | 0 |
Other Cost and Expense, Operating | 0 | 0 | 0 | 0 |
Cost of Coal Products and Services | (297) | (486) | (1,194) | (1,937) |
Other Nonoperating Expense | 0 | 0 | 0 | 0 |
Other General and Administrative Expense | 0 | 0 | ||
Depreciation, Depletion and Amortization, Nonproduction | 0 | 0 | 0 | 0 |
Gains (Losses) on Extinguishment of Debt | 0 | 0 | 0 | |
Interest Expense | (3) | (1,809) | (7,595) | (4,088) |
Other General Expense | (3) | (1,809) | (7,595) | (4,088) |
Total Costs | (315) | (2,295) | (8,798) | (6,038) |
Income (Loss) from Continuing Operations before Income Taxes, Domestic | (156,938) | (60,951) | 249,940 | (300,085) |
Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 |
Income (Loss) from Continuing Operations Attributable to Parent | (300,085) | |||
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 0 | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | (156,938) | (60,951) | 249,940 | (300,085) |
Net Income (Loss) | (163,428) | $ (60,951) | 243,450 | $ (300,085) |
Net Income (Loss) Attributable to Noncontrolling Interest | $ 6,490 | $ 6,490 |
Guarantor Subsidiaries Balance
Guarantor Subsidiaries Balance Sheet (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Dec. 31, 2013 |
Schedule of Condensed Consolidating Balance Sheets [Line Items] | ||||
Other Receivables, Net, Current | $ 139,840 | $ 347,146 | ||
Current Assets: | ||||
Cash and Cash Equivalents | 83,019 | 176,989 | $ 225,563 | $ 327,420 |
Accounts and Notes Receivable: | ||||
Trade | 237,896 | 259,817 | ||
Inventories | 112,950 | 101,873 | ||
Deferred Income Taxes | 78,501 | 66,569 | ||
Recoverable Income Taxes | 64,693 | 20,401 | ||
Prepaid Expenses | 253,562 | 193,555 | ||
Total Current Assets | 970,461 | 1,166,350 | ||
Property, Plant and Equipment: | ||||
Property, Plant and Equipment | 15,533,716 | 14,674,777 | ||
Less-Accumulated Depreciation, Depletion and Amortization | 5,774,736 | 4,512,305 | ||
Total Property, Plant and Equipment-Net | 9,758,980 | 10,162,472 | ||
Other Assets: | ||||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 210,092 | 152,958 | ||
Financing Receivable, Net | 0 | |||
Other | 245,833 | 277,750 | ||
Total Other Assets | 455,925 | 430,708 | ||
Total Assets | 11,185,366 | 11,759,530 | $ 11,718,935 | |
Current Liabilities: | ||||
Accounts Payable | 331,958 | 531,973 | ||
Accounts Payable (Recoverable)- Related Parties | 0 | 0 | ||
Current Portion of Long-Term Debt | 12,413 | 13,016 | ||
Other Accrued Liabilities | 578,332 | 602,972 | ||
Total Current Liabilities | 1,867,703 | 1,147,961 | ||
Long-Term Debt: | 2,776,678 | 3,275,878 | ||
Deferred Credits and Other Liabilities | ||||
Deferred Tax Liabilities, Net, Noncurrent | 69,947 | 325,592 | ||
Postretirement Benefits Other Than Pensions | 632,049 | 703,680 | ||
Pneumoconiosis | 118,532 | 116,941 | ||
Mine Closing | 300,883 | 306,789 | ||
Gas Well Closing | 183,423 | 175,369 | ||
Workers' Compensation | 75,714 | 75,947 | ||
Salary Retirement | 90,459 | 109,956 | ||
Reclamation | 34,088 | 33,788 | ||
Other | 148,040 | 158,171 | ||
Total Deferred Credits and Other Liabilities | 1,653,135 | 2,006,233 | ||
Total CONSOL Energy Inc. Stockholders' Equity | 4,732,993 | 5,329,458 | ||
Stockholders' Equity Attributable to Noncontrolling Interest | 154,857 | 0 | ||
TOTAL LIABILITIES AND EQUITY | 11,185,366 | 11,759,530 | ||
Notes and Loans Payable, Current | 945,000 | 0 | ||
Parent Issuer [Member] | ||||
Schedule of Condensed Consolidating Balance Sheets [Line Items] | ||||
Other Receivables, Net, Current | 30,474 | 25,497 | ||
Current Assets: | ||||
Cash and Cash Equivalents | 78,974 | 145,236 | ||
Accounts and Notes Receivable: | ||||
Trade | 0 | 0 | ||
Inventories | 0 | 0 | ||
Deferred Income Taxes | 95,868 | 99,776 | ||
Recoverable Income Taxes | 123,719 | 79,426 | ||
Prepaid Expenses | 34,042 | 38,421 | ||
Total Current Assets | 363,077 | 388,356 | ||
Property, Plant and Equipment: | ||||
Property, Plant and Equipment | 155,971 | 158,555 | ||
Less-Accumulated Depreciation, Depletion and Amortization | 109,783 | 108,432 | ||
Total Property, Plant and Equipment-Net | 46,188 | 50,123 | ||
Other Assets: | ||||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 11,252,610 | 12,571,886 | ||
Financing Receivable, Net | 0 | |||
Other | 80,876 | 172,884 | ||
Total Other Assets | 11,333,486 | 12,744,770 | ||
Total Assets | 11,742,751 | 13,183,249 | ||
Current Liabilities: | ||||
Accounts Payable | 270,498 | 86,313 | ||
Accounts Payable (Recoverable)- Related Parties | 3,160,775 | 4,499,174 | ||
Current Portion of Long-Term Debt | 1,557 | 2,485 | ||
Other Accrued Liabilities | 157,712 | 119,484 | ||
Total Current Liabilities | 4,535,542 | 4,707,456 | ||
Long-Term Debt: | 2,447,048 | 3,124,129 | ||
Deferred Credits and Other Liabilities | ||||
Deferred Tax Liabilities, Net, Noncurrent | (98,951) | (148,925) | ||
Postretirement Benefits Other Than Pensions | 0 | 0 | ||
Pneumoconiosis | 0 | 0 | ||
Mine Closing | 0 | 0 | ||
Gas Well Closing | 0 | 0 | ||
Workers' Compensation | 0 | 0 | ||
Salary Retirement | 90,459 | 109,956 | ||
Reclamation | 0 | 0 | ||
Other | 35,660 | 61,175 | ||
Total Deferred Credits and Other Liabilities | 27,168 | 22,206 | ||
Total CONSOL Energy Inc. Stockholders' Equity | 4,732,993 | 5,329,458 | ||
Stockholders' Equity Attributable to Noncontrolling Interest | 0 | |||
TOTAL LIABILITIES AND EQUITY | 11,742,751 | 13,183,249 | ||
Notes and Loans Payable, Current | 945,000 | 0 | ||
CNX Gas Guarantor [Member] | ||||
Schedule of Condensed Consolidating Balance Sheets [Line Items] | ||||
Other Receivables, Net, Current | 104,405 | 309,247 | ||
Current Assets: | ||||
Cash and Cash Equivalents | 88 | 30,682 | ||
Accounts and Notes Receivable: | ||||
Trade | 67,132 | 117,912 | ||
Inventories | 14,967 | 14,748 | ||
Deferred Income Taxes | (17,367) | (33,207) | ||
Recoverable Income Taxes | (59,026) | (59,025) | ||
Prepaid Expenses | 191,374 | 129,796 | ||
Total Current Assets | 301,573 | 510,153 | ||
Property, Plant and Equipment: | ||||
Property, Plant and Equipment | 8,803,493 | 8,066,308 | ||
Less-Accumulated Depreciation, Depletion and Amortization | 2,599,543 | 1,497,569 | ||
Total Property, Plant and Equipment-Net | 6,203,950 | 6,568,739 | ||
Other Assets: | ||||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 205,987 | 121,721 | ||
Financing Receivable, Net | 0 | |||
Other | 56,032 | 71,339 | ||
Total Other Assets | 262,019 | 193,060 | ||
Total Assets | 6,767,542 | 7,271,952 | ||
Current Liabilities: | ||||
Accounts Payable | 204,456 | 385,381 | ||
Accounts Payable (Recoverable)- Related Parties | 1,485,416 | 182,758 | ||
Current Portion of Long-Term Debt | 7,060 | 6,602 | ||
Other Accrued Liabilities | 116,180 | 172,787 | ||
Total Current Liabilities | 1,813,112 | 1,467,678 | ||
Long-Term Debt: | 35,078 | 37,342 | ||
Deferred Credits and Other Liabilities | ||||
Deferred Tax Liabilities, Net, Noncurrent | 168,898 | 474,517 | ||
Postretirement Benefits Other Than Pensions | 0 | 0 | ||
Pneumoconiosis | 0 | 0 | ||
Mine Closing | 0 | 0 | ||
Gas Well Closing | 122,049 | 116,930 | ||
Workers' Compensation | 0 | 0 | ||
Salary Retirement | 0 | 0 | ||
Reclamation | 0 | 0 | ||
Other | 86,876 | 94,378 | ||
Total Deferred Credits and Other Liabilities | 377,823 | 685,825 | ||
Total CONSOL Energy Inc. Stockholders' Equity | 4,541,529 | 5,081,107 | ||
Stockholders' Equity Attributable to Noncontrolling Interest | 0 | |||
TOTAL LIABILITIES AND EQUITY | 6,767,542 | 7,271,952 | ||
Notes and Loans Payable, Current | 0 | 720,150 | ||
Other Guarantors Subsidiaries [Member] | ||||
Schedule of Condensed Consolidating Balance Sheets [Line Items] | ||||
Other Receivables, Net, Current | 4,549 | 29,937 | ||
Current Assets: | ||||
Cash and Cash Equivalents | 0 | 0 | ||
Accounts and Notes Receivable: | ||||
Trade | 147,613 | 0 | ||
Inventories | 85,327 | 76,486 | ||
Deferred Income Taxes | 0 | 0 | ||
Recoverable Income Taxes | 0 | 0 | ||
Prepaid Expenses | 23,118 | 21,416 | ||
Total Current Assets | 260,607 | 127,839 | ||
Property, Plant and Equipment: | ||||
Property, Plant and Equipment | 5,886,477 | 5,763,321 | ||
Less-Accumulated Depreciation, Depletion and Amortization | 2,752,834 | 2,618,597 | ||
Total Property, Plant and Equipment-Net | 3,133,643 | 3,144,724 | ||
Other Assets: | ||||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 0 | 27,544 | ||
Financing Receivable, Net | 160,831 | |||
Other | 93,404 | 28,550 | ||
Total Other Assets | 93,404 | 216,925 | ||
Total Assets | 3,487,654 | 3,489,488 | ||
Current Liabilities: | ||||
Accounts Payable | 56,678 | 44,497 | ||
Accounts Payable (Recoverable)- Related Parties | (4,652,920) | (5,333,209) | ||
Current Portion of Long-Term Debt | 3,452 | 3,599 | ||
Other Accrued Liabilities | 264,459 | 275,199 | ||
Total Current Liabilities | (4,328,331) | (5,009,914) | ||
Long-Term Debt: | 114,189 | 114,078 | ||
Deferred Credits and Other Liabilities | ||||
Deferred Tax Liabilities, Net, Noncurrent | 0 | 0 | ||
Postretirement Benefits Other Than Pensions | 632,049 | 698,401 | ||
Pneumoconiosis | 117,110 | 115,691 | ||
Mine Closing | 294,227 | 299,663 | ||
Gas Well Closing | 60,580 | 57,604 | ||
Workers' Compensation | 72,495 | 73,566 | ||
Salary Retirement | 0 | 0 | ||
Reclamation | 34,088 | 33,788 | ||
Other | 24,899 | 2,009 | ||
Total Deferred Credits and Other Liabilities | 1,235,448 | 1,280,722 | ||
Total CONSOL Energy Inc. Stockholders' Equity | 6,466,348 | 7,104,602 | ||
Stockholders' Equity Attributable to Noncontrolling Interest | 0 | |||
TOTAL LIABILITIES AND EQUITY | 3,487,654 | 3,489,488 | ||
Notes and Loans Payable, Current | 0 | 0 | ||
CNX Coal Resources LP [Member] | ||||
Schedule of Condensed Consolidating Balance Sheets [Line Items] | ||||
Other Receivables, Net, Current | 412 | 384 | ||
Current Assets: | ||||
Cash and Cash Equivalents | 3,004 | 3 | ||
Accounts and Notes Receivable: | ||||
Trade | 23,151 | 0 | ||
Inventories | 12,656 | 10,639 | ||
Deferred Income Taxes | 0 | 0 | ||
Recoverable Income Taxes | 0 | 0 | ||
Prepaid Expenses | 5,028 | 3,922 | ||
Total Current Assets | 44,251 | 14,948 | ||
Property, Plant and Equipment: | ||||
Property, Plant and Equipment | 687,775 | 686,593 | ||
Less-Accumulated Depreciation, Depletion and Amortization | 312,576 | 287,707 | ||
Total Property, Plant and Equipment-Net | 375,199 | 398,886 | ||
Other Assets: | ||||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 0 | 0 | ||
Financing Receivable, Net | 0 | |||
Other | 15,521 | 4,977 | ||
Total Other Assets | 15,521 | 4,977 | ||
Total Assets | 434,971 | 418,811 | ||
Current Liabilities: | ||||
Accounts Payable | 15,302 | 15,782 | ||
Accounts Payable (Recoverable)- Related Parties | 1,188 | 0 | ||
Current Portion of Long-Term Debt | 344 | 18,261 | ||
Other Accrued Liabilities | 39,981 | 35,502 | ||
Total Current Liabilities | 56,815 | 69,545 | ||
Long-Term Debt: | 180,363 | 161,160 | ||
Deferred Credits and Other Liabilities | ||||
Deferred Tax Liabilities, Net, Noncurrent | 0 | 0 | ||
Postretirement Benefits Other Than Pensions | 0 | 5,279 | ||
Pneumoconiosis | 1,422 | 1,250 | ||
Mine Closing | 6,656 | 7,126 | ||
Gas Well Closing | 794 | 835 | ||
Workers' Compensation | 3,219 | 2,381 | ||
Salary Retirement | 0 | 0 | ||
Reclamation | 0 | 0 | ||
Other | 605 | 609 | ||
Total Deferred Credits and Other Liabilities | 12,696 | 17,480 | ||
Total CONSOL Energy Inc. Stockholders' Equity | 185,097 | 170,626 | ||
Stockholders' Equity Attributable to Noncontrolling Interest | 0 | |||
TOTAL LIABILITIES AND EQUITY | 434,971 | 418,811 | ||
Notes and Loans Payable, Current | 0 | 0 | ||
Non-Guarantors [Member] | ||||
Schedule of Condensed Consolidating Balance Sheets [Line Items] | ||||
Other Receivables, Net, Current | 0 | 12 | ||
Current Assets: | ||||
Cash and Cash Equivalents | 953 | 1,068 | ||
Accounts and Notes Receivable: | ||||
Trade | 0 | 141,905 | ||
Inventories | 0 | 0 | ||
Deferred Income Taxes | 0 | 0 | ||
Recoverable Income Taxes | 0 | 0 | ||
Prepaid Expenses | 0 | 0 | ||
Total Current Assets | 953 | 142,985 | ||
Property, Plant and Equipment: | ||||
Property, Plant and Equipment | 0 | 0 | ||
Less-Accumulated Depreciation, Depletion and Amortization | 0 | 0 | ||
Total Property, Plant and Equipment-Net | 0 | 0 | ||
Other Assets: | ||||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 0 | 0 | ||
Financing Receivable, Net | 0 | |||
Other | 0 | 0 | ||
Total Other Assets | 0 | 0 | ||
Total Assets | 953 | 142,985 | ||
Current Liabilities: | ||||
Accounts Payable | (226,885) | 0 | ||
Accounts Payable (Recoverable)- Related Parties | 17,450 | (68,873) | ||
Current Portion of Long-Term Debt | 0 | 0 | ||
Other Accrued Liabilities | 0 | 0 | ||
Total Current Liabilities | (209,435) | (68,873) | ||
Long-Term Debt: | 0 | 0 | ||
Deferred Credits and Other Liabilities | ||||
Deferred Tax Liabilities, Net, Noncurrent | 0 | 0 | ||
Postretirement Benefits Other Than Pensions | 0 | 0 | ||
Pneumoconiosis | 0 | 0 | ||
Mine Closing | 0 | 0 | ||
Gas Well Closing | 0 | 0 | ||
Workers' Compensation | 0 | 0 | ||
Salary Retirement | 0 | 0 | ||
Reclamation | 0 | 0 | ||
Other | 0 | 0 | ||
Total Deferred Credits and Other Liabilities | 0 | 0 | ||
Total CONSOL Energy Inc. Stockholders' Equity | 210,388 | 211,858 | ||
Stockholders' Equity Attributable to Noncontrolling Interest | 0 | |||
TOTAL LIABILITIES AND EQUITY | 953 | 142,985 | ||
Notes and Loans Payable, Current | 0 | 0 | ||
Consolidation, Eliminations [Member] | ||||
Schedule of Condensed Consolidating Balance Sheets [Line Items] | ||||
Other Receivables, Net, Current | 0 | (17,931) | ||
Current Assets: | ||||
Cash and Cash Equivalents | 0 | 0 | ||
Accounts and Notes Receivable: | ||||
Trade | 0 | 0 | ||
Inventories | 0 | 0 | ||
Deferred Income Taxes | 0 | 0 | ||
Recoverable Income Taxes | 0 | 0 | ||
Prepaid Expenses | 0 | 0 | ||
Total Current Assets | 0 | (17,931) | ||
Property, Plant and Equipment: | ||||
Property, Plant and Equipment | 0 | 0 | ||
Less-Accumulated Depreciation, Depletion and Amortization | 0 | 0 | ||
Total Property, Plant and Equipment-Net | 0 | 0 | ||
Other Assets: | ||||
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | (11,248,505) | (12,568,193) | ||
Financing Receivable, Net | (160,831) | |||
Other | 0 | 0 | ||
Total Other Assets | (11,248,505) | (12,729,024) | ||
Total Assets | (11,248,505) | (12,746,955) | ||
Current Liabilities: | ||||
Accounts Payable | 11,909 | 0 | ||
Accounts Payable (Recoverable)- Related Parties | (11,909) | 720,150 | ||
Current Portion of Long-Term Debt | 0 | (17,931) | ||
Other Accrued Liabilities | 0 | 0 | ||
Total Current Liabilities | 0 | (17,931) | ||
Long-Term Debt: | 0 | (160,831) | ||
Deferred Credits and Other Liabilities | ||||
Deferred Tax Liabilities, Net, Noncurrent | 0 | 0 | ||
Postretirement Benefits Other Than Pensions | 0 | 0 | ||
Pneumoconiosis | 0 | 0 | ||
Mine Closing | 0 | 0 | ||
Gas Well Closing | 0 | 0 | ||
Workers' Compensation | 0 | 0 | ||
Salary Retirement | 0 | 0 | ||
Reclamation | 0 | 0 | ||
Other | 0 | 0 | ||
Total Deferred Credits and Other Liabilities | 0 | 0 | ||
Total CONSOL Energy Inc. Stockholders' Equity | (11,403,362) | (12,568,193) | ||
Stockholders' Equity Attributable to Noncontrolling Interest | 154,857 | |||
TOTAL LIABILITIES AND EQUITY | (11,248,505) | (12,746,955) | ||
Notes and Loans Payable, Current | $ 0 | $ (720,150) |
Guarantor Subsidiaries, Condens
Guarantor Subsidiaries, Condensed Statement of Cash Flows (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items] | ||
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | $ 404,283 | $ 871,105 |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | 0 | (20,934) |
Net Cash Provided by Operating Activities | 404,283 | 850,171 |
Investing Activities: | ||
Capital Expenditures | (895,156) | (1,174,607) |
Proceeds from Sale of Productive Assets | 83,044 | 141,136 |
Payments for (Proceeds from) Businesses and Interest in Affiliates | (70,224) | 108,532 |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | (924,939) | |
Financing Activities: | ||
Repayments of Other Debt | (1,562) | (4,169) |
(Payments on) Proceeds from Short-Term Borrowings | 945,000 | (11,736) |
Tax Benefit from Stock-Based Compensation | 208 | 2,478 |
Payments of Dividends | (30,991) | (43,119) |
Proceeds from Issuance of Common Stock | 8,288 | 13,403 |
Proceeds from (Payments for) Other Financing Activities | 0 | |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | (27,089) | |
Treasury Stock, Value, Acquired, Cost Method | (71,674) | 0 |
Proceeds from Issuance of Long-Term Notes | 492,760 | 1,859,920 |
Proceeds from Issuance Initial Public Offering | 0 | |
Incentive Distribution, Distribution | 0 | 0 |
Net Cash Provided by (Used in) Investing Activities | (882,336) | (924,939) |
Payments On Long Term Notes Including Redemption Premium | (1,263,719) | (1,819,005) |
Net Proceeds from Revolver - MLP | 180,000 | 0 |
Proceeds from Sale of Interest in Partnership Unit | 148,359 | 0 |
Payments of Debt Issuance Costs | (22,586) | (24,861) |
Net Cash Provided by (Used in) Financing Activities | 384,083 | (27,089) |
Parent Issuer [Member] | ||
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items] | ||
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | (87,081) | |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | 0 | |
Net Cash Provided by Operating Activities | (130,724) | (87,081) |
Investing Activities: | ||
Capital Expenditures | (8,607) | (2,314) |
Proceeds from Sale of Productive Assets | 47 | (15,941) |
Payments for (Proceeds from) Businesses and Interest in Affiliates | 0 | 0 |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | (18,255) | |
Financing Activities: | ||
Repayments of Other Debt | (6,853) | (662) |
(Payments on) Proceeds from Short-Term Borrowings | 945,000 | (11,736) |
Tax Benefit from Stock-Based Compensation | 208 | 2,478 |
Payments of Dividends | (30,991) | (43,119) |
Proceeds from Issuance of Common Stock | 8,288 | 13,403 |
Proceeds from (Payments for) Other Financing Activities | 0 | |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | (23,582) | |
Treasury Stock, Value, Acquired, Cost Method | (71,674) | |
Proceeds from Issuance of Long-Term Notes | 492,760 | 1,859,920 |
Proceeds from Issuance Initial Public Offering | 0 | |
Incentive Distribution, Distribution | 0 | 0 |
Net Cash Provided by (Used in) Investing Activities | (8,560) | |
Payments On Long Term Notes Including Redemption Premium | (1,263,719) | (1,819,005) |
Net Proceeds from Revolver - MLP | 0 | |
Proceeds from Sale of Interest in Partnership Unit | 0 | |
Payments of Debt Issuance Costs | 0 | (24,861) |
Net Cash Provided by (Used in) Financing Activities | 73,019 | |
CNX Gas Guarantor [Member] | ||
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items] | ||
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | 512,135 | |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | 0 | |
Net Cash Provided by Operating Activities | 712,504 | 512,135 |
Investing Activities: | ||
Capital Expenditures | (749,015) | (852,097) |
Proceeds from Sale of Productive Assets | 3,600 | 57,919 |
Payments for (Proceeds from) Businesses and Interest in Affiliates | (62,860) | 79,723 |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | (714,455) | |
Financing Activities: | ||
Repayments of Other Debt | (4,823) | 0 |
(Payments on) Proceeds from Short-Term Borrowings | 70,000 | 233,663 |
Tax Benefit from Stock-Based Compensation | 0 | 0 |
Payments of Dividends | 0 | 0 |
Proceeds from Issuance of Common Stock | 0 | 0 |
Proceeds from (Payments for) Other Financing Activities | (4,460) | |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | 229,203 | |
Treasury Stock, Value, Acquired, Cost Method | 0 | |
Proceeds from Issuance of Long-Term Notes | 0 | 0 |
Proceeds from Issuance Initial Public Offering | 0 | |
Incentive Distribution, Distribution | 0 | 0 |
Net Cash Provided by (Used in) Investing Activities | (808,275) | |
Payments On Long Term Notes Including Redemption Premium | 0 | 0 |
Net Proceeds from Revolver - MLP | 0 | |
Proceeds from Sale of Interest in Partnership Unit | 0 | |
Payments of Debt Issuance Costs | 0 | 0 |
Net Cash Provided by (Used in) Financing Activities | 65,177 | |
Other Guarantors Subsidiaries [Member] | ||
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items] | ||
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | 153,821 | |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | 0 | |
Net Cash Provided by Operating Activities | (289,359) | 153,821 |
Investing Activities: | ||
Capital Expenditures | (116,946) | (262,896) |
Proceeds from Sale of Productive Assets | 79,341 | 83,941 |
Payments for (Proceeds from) Businesses and Interest in Affiliates | (7,364) | 28,809 |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | (150,146) | |
Financing Activities: | ||
Repayments of Other Debt | 5,310 | (8,137) |
(Payments on) Proceeds from Short-Term Borrowings | 0 | 0 |
Tax Benefit from Stock-Based Compensation | 0 | 0 |
Payments of Dividends | 0 | 0 |
Proceeds from Issuance of Common Stock | 0 | 0 |
Proceeds from (Payments for) Other Financing Activities | 4,460 | |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | (3,677) | |
Treasury Stock, Value, Acquired, Cost Method | 0 | |
Proceeds from Issuance of Long-Term Notes | 0 | 0 |
Proceeds from Issuance Initial Public Offering | 0 | |
Incentive Distribution, Distribution | 0 | 0 |
Net Cash Provided by (Used in) Investing Activities | (44,969) | |
Payments On Long Term Notes Including Redemption Premium | 0 | 0 |
Net Proceeds from Revolver - MLP | 200,000 | |
Proceeds from Sale of Interest in Partnership Unit | 148,359 | |
Payments of Debt Issuance Costs | (19,341) | 0 |
Net Cash Provided by (Used in) Financing Activities | 334,328 | |
CNX Coal Resources LP [Member] | ||
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items] | ||
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | 88,967 | |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | 0 | |
Net Cash Provided by Operating Activities | 47,034 | 88,967 |
Investing Activities: | ||
Capital Expenditures | (20,588) | (57,300) |
Proceeds from Sale of Productive Assets | 56 | 15,204 |
Payments for (Proceeds from) Businesses and Interest in Affiliates | 0 | 0 |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | (42,096) | |
Financing Activities: | ||
Repayments of Other Debt | 4,804 | 4,686 |
(Payments on) Proceeds from Short-Term Borrowings | 0 | 0 |
Tax Benefit from Stock-Based Compensation | 0 | 0 |
Payments of Dividends | 0 | 0 |
Proceeds from Issuance of Common Stock | 0 | 0 |
Proceeds from (Payments for) Other Financing Activities | 0 | |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | (46,869) | |
Treasury Stock, Value, Acquired, Cost Method | 0 | |
Proceeds from Issuance of Long-Term Notes | 0 | 0 |
Proceeds from Issuance Initial Public Offering | (342,711) | |
Incentive Distribution, Distribution | (9,624) | (51,555) |
Net Cash Provided by (Used in) Investing Activities | (20,532) | |
Payments On Long Term Notes Including Redemption Premium | 0 | 0 |
Net Proceeds from Revolver - MLP | 180,000 | |
Proceeds from Sale of Interest in Partnership Unit | 148,359 | |
Payments of Debt Issuance Costs | (4,329) | 0 |
Net Cash Provided by (Used in) Financing Activities | (23,501) | |
Non-Guarantors [Member] | ||
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items] | ||
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | 21,155 | |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | (20,934) | |
Net Cash Provided by Operating Activities | (112) | 221 |
Investing Activities: | ||
Capital Expenditures | 0 | 0 |
Proceeds from Sale of Productive Assets | 0 | 13 |
Payments for (Proceeds from) Businesses and Interest in Affiliates | 0 | 0 |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | 13 | |
Financing Activities: | ||
Repayments of Other Debt | 0 | (56) |
(Payments on) Proceeds from Short-Term Borrowings | 0 | 0 |
Tax Benefit from Stock-Based Compensation | 0 | 0 |
Payments of Dividends | 0 | 0 |
Proceeds from Issuance of Common Stock | 0 | 0 |
Proceeds from (Payments for) Other Financing Activities | 0 | |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | (56) | |
Treasury Stock, Value, Acquired, Cost Method | 0 | |
Proceeds from Issuance of Long-Term Notes | 0 | 0 |
Proceeds from Issuance Initial Public Offering | 0 | |
Incentive Distribution, Distribution | 0 | 0 |
Net Cash Provided by (Used in) Investing Activities | 0 | |
Payments On Long Term Notes Including Redemption Premium | 0 | 0 |
Net Proceeds from Revolver - MLP | 0 | |
Proceeds from Sale of Interest in Partnership Unit | 0 | |
Payments of Debt Issuance Costs | 0 | 0 |
Net Cash Provided by (Used in) Financing Activities | 0 | |
Consolidation, Eliminations [Member] | ||
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items] | ||
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | 182,108 | |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | 0 | |
Net Cash Provided by Operating Activities | 64,940 | 182,108 |
Investing Activities: | ||
Capital Expenditures | 0 | 0 |
Proceeds from Sale of Productive Assets | 0 | 0 |
Payments for (Proceeds from) Businesses and Interest in Affiliates | 0 | 0 |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | 0 | |
Financing Activities: | ||
Repayments of Other Debt | 0 | 0 |
(Payments on) Proceeds from Short-Term Borrowings | (70,000) | (233,663) |
Tax Benefit from Stock-Based Compensation | 0 | 0 |
Payments of Dividends | 0 | 0 |
Proceeds from Issuance of Common Stock | 0 | 0 |
Proceeds from (Payments for) Other Financing Activities | 0 | |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | (182,108) | |
Treasury Stock, Value, Acquired, Cost Method | 0 | |
Proceeds from Issuance of Long-Term Notes | 0 | 0 |
Proceeds from Issuance Initial Public Offering | 342,711 | |
Incentive Distribution, Distribution | 9,624 | 51,555 |
Net Cash Provided by (Used in) Investing Activities | 0 | |
Payments On Long Term Notes Including Redemption Premium | 0 | 0 |
Net Proceeds from Revolver - MLP | (200,000) | |
Proceeds from Sale of Interest in Partnership Unit | (148,359) | |
Payments of Debt Issuance Costs | 1,084 | $ 0 |
Net Cash Provided by (Used in) Financing Activities | $ (64,940) |
Guarantor Subsidiaries Financ73
Guarantor Subsidiaries Financial Information Gurantor Subsidiaries Statement of Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2015 | |
Condensed Financial Statements, Captions [Line Items] | |||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 125,470 | $ (1,645) | $ (398,801) | $ 89,424 | |
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 | (49,353) | 184,154 | (40,036) | 185,475 | |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 0 | 39,151 | 0 | (20,032) | |
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | (20,602) | (19,510) | (60,720) | 3,754 | $ 17,331 |
Other Comprehensive Income (Loss), Net of Tax | (69,955) | 203,795 | (100,756) | 169,197 | |
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | 55,515 | 202,150 | (499,557) | 258,621 | |
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | 6,490 | 0 | 6,490 | 0 | |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 49,025 | 202,150 | (506,047) | 258,621 | |
Parent Issuer [Member] | |||||
Condensed Financial Statements, Captions [Line Items] | |||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 118,980 | (1,645) | (405,291) | 89,424 | |
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 | (49,353) | 184,154 | (40,036) | 185,475 | |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 39,151 | (20,032) | |||
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | (20,602) | (19,510) | (60,720) | 3,754 | |
Other Comprehensive Income (Loss), Net of Tax | (69,955) | 203,795 | (100,756) | 169,197 | |
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | 49,025 | (506,047) | |||
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | 0 | 0 | |||
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 49,025 | 202,150 | (506,047) | 258,621 | |
CNX Gas Guarantor [Member] | |||||
Condensed Financial Statements, Captions [Line Items] | |||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 30,346 | 24,405 | (478,858) | 86,776 | |
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 | 0 | 0 | 0 | |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 39,151 | (20,032) | |||
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | (20,602) | (19,510) | (60,720) | 3,754 | |
Other Comprehensive Income (Loss), Net of Tax | (20,602) | 19,641 | (60,720) | (16,278) | |
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | 9,744 | (539,578) | |||
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | 0 | 0 | |||
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 9,744 | 44,046 | (539,578) | 70,498 | |
Other Guarantors Subsidiaries [Member] | |||||
Condensed Financial Statements, Captions [Line Items] | |||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 118,559 | 22,034 | 191,227 | 146,862 | |
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 | (49,342) | 184,512 | (38,635) | 186,547 | |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 0 | 0 | |||
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | 0 | 0 | 0 | 0 | |
Other Comprehensive Income (Loss), Net of Tax | (49,342) | 184,512 | (38,635) | 186,547 | |
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | 69,217 | 152,592 | |||
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | 0 | 0 | |||
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 69,217 | 206,546 | 152,592 | 333,409 | |
CNX Coal Resources LP [Member] | |||||
Condensed Financial Statements, Captions [Line Items] | |||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 14,665 | 11,825 | 41,990 | 67,034 | |
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 | (12) | (358) | (1,401) | (1,072) | |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 0 | 0 | |||
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | 0 | 0 | 0 | 0 | |
Other Comprehensive Income (Loss), Net of Tax | (12) | (358) | (1,401) | (1,072) | |
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | 14,653 | 40,589 | |||
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | 0 | 0 | |||
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 14,653 | 11,467 | 40,589 | 65,962 | |
Non-Guarantors [Member] | |||||
Condensed Financial Statements, Captions [Line Items] | |||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | (142) | 2,687 | 2,191 | (587) | |
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 | 0 | 0 | 0 | |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 0 | 0 | |||
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | 0 | 0 | 0 | 0 | |
Other Comprehensive Income (Loss), Net of Tax | 0 | 0 | 0 | 0 | |
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | (142) | 2,191 | |||
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | 0 | 0 | |||
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | (142) | 2,687 | 2,191 | (587) | |
Consolidation, Eliminations [Member] | |||||
Condensed Financial Statements, Captions [Line Items] | |||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | (156,938) | (60,951) | 249,940 | (300,085) | |
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 | 49,354 | (184,154) | 40,036 | (185,475) | |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | (39,151) | 20,032 | |||
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | 20,602 | 19,510 | 60,720 | (3,754) | |
Other Comprehensive Income (Loss), Net of Tax | 69,956 | (203,795) | 100,756 | (169,197) | |
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | (86,982) | 350,696 | |||
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | 6,490 | 6,490 | |||
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $ (93,472) | $ (264,746) | $ 344,206 | $ (469,282) |
Related Party Transaction (Deta
Related Party Transaction (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 | |
Related Party Transaction [Line Items] | |||||
Sale of Stock, Description of Transaction | 20,125,000 | ||||
Shares Issued, Price Per Share | $ 22 | $ 22 | |||
Excess Stock, Shares Authorized | 2,625,000 | 2,625,000 | |||
Proceeds from Sale of Equity Method Investments | $ 412,741,000 | ||||
Offering Costs, Partnership Interests | $ 28,779,000 | 28,779,000 | |||
Other General Expense | $ 63,395,000 | 164,087,000 | $ 257,223,000 | 514,321,000 | |
Proceeds from Sales of Business, Affiliate and Productive Assets | 203,986,000 | ||||
Income (Loss) from Equity Method Investments | 38,838,000 | 38,477,000 | |||
Related Party Transaction, Expenses from Transactions with Related Party | 27,890,000 | 17,794,000 | $ 75,176,000 | 44,001,000 | |
Partners' Capital Account, Units, Sold in Public Offering | 5,000,000 | ||||
Initial Public Offering Share Price | $ 15 | ||||
Proceeds from Issuance Initial Public Offering | $ 0 | ||||
Initial Public Offering overallotment | 561,067 | ||||
Debt Instrument, Face Amount | 400,000,000 | $ 400,000,000 | |||
Long-term Debt | 2,743,512,000 | 2,743,512,000 | $ 3,241,474,000 | ||
Financing Related Fees | 3,000,000 | ||||
Long-term debt, net of fees | 197,000,000 | 197,000,000 | |||
Net Proceeds from Initial Public Offering | 342,711,000 | ||||
Accounts Payable, Related Parties | 1,188,000 | 1,188,000 | |||
CONE Gathering [Member] | |||||
Related Party Transaction [Line Items] | |||||
Limited Partners' Contributed Capital | 8,541,000 | 67,000,000 | 8,541,000 | 67,000,000 | |
Income (Loss) from Equity Method Investments | (6,000) | (10,000) | (14,099,000) | (20,839,000) | |
CONE Midstream [Member] | |||||
Related Party Transaction [Line Items] | |||||
Other General Expense | 1,230,000 | ||||
Limited Partners' Contributed Capital | 58,212,000 | 58,212,000 | |||
Distribution Made to Limited Partner, Cash Distributions Paid | 12,364,000 | ||||
Income (Loss) from Equity Method Investments | (6,000) | (15,671,000) | |||
CONE [Member] | |||||
Related Party Transaction [Line Items] | |||||
Due from Related Parties | 7,213,000 | 7,213,000 | 21,535,000 | ||
Inventory, Raw Materials and Purchased Parts, Net of Reserves | $ 2,239 | ||||
CNX Coal Resources LP [Member] | |||||
Related Party Transaction [Line Items] | |||||
Proceeds from Issuance Initial Public Offering | 75,000,000 | ||||
Long-term Debt | 200,000,000 | 200,000,000 | |||
Operating and Other Costs [Member] | |||||
Related Party Transaction [Line Items] | |||||
Related Party Transaction, Expenses from Transactions with Related Party | 1,680 | 1,337 | 3,468 | 3,784 | |
Selling and Direct Administrative Expenses [Member] | |||||
Related Party Transaction [Line Items] | |||||
Related Party Transaction, Expenses from Transactions with Related Party | 1,034 | 1,411 | 3,297 | 4,530 | |
Selling and Direct Administrative Expenses [Member] [Member] | |||||
Related Party Transaction [Line Items] | |||||
Related Party Transaction, Expenses from Transactions with Related Party | $ 2,027 | $ 2,718 | $ 6,747 | $ 9,595 |
Stock Repurchase Stock Repurcha
Stock Repurchase Stock Repurchase Details (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2015 | Sep. 30, 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 |
Subsequent Event (Details)
Subsequent Event (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2013 | |
Subsequent Event [Line Items] | ||
Proceeds from Sale of Property, Plant, and Equipment | $ 825,285 | |
Gain (Loss) on Sale of Property Plant Equipment | $ 1,035,346 | |
South Texas Reserves [Member] | ||
Subsequent Event [Line Items] | ||
Proceeds from Sale of Property, Plant, and Equipment | $ 9,500 | |
Gain (Loss) on Sale of Property Plant Equipment | $ 8,800 |
Uncategorized Items - cnx-20150
Label | Element | Value |
Cash and Cash Equivalents, Period Increase (Decrease) | us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | $ (101,857) |
Cash and Cash Equivalents, Period Increase (Decrease) | us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | $ (93,970) |