Document and Entity Information
Document and Entity Information Document - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Jan. 31, 2017 | Jun. 30, 2016 | |
Document Information [Line Items] | |||
Entity Registrant Name | CNX Coal Resources LP | ||
Entity Central Index Key | 1,637,558 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Non-accelerated Filer | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2016 | ||
Document Fiscal Year Focus | 2,016 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Public Float | $ 97,349,982 | ||
Preferred Class A [Member] | |||
Document Information [Line Items] | |||
Entity Common Stock, Shares Outstanding | 3,956,496 | ||
Common Stock | |||
Document Information [Line Items] | |||
Entity Common Stock, Shares Outstanding | 11,717,235 | ||
Subordinated Units | |||
Document Information [Line Items] | |||
Entity Common Stock, Shares Outstanding | 11,611,067 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||||
Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2015 | Jul. 06, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | ||
Revenues [Abstract] | ||||||||||||||
Coal Revenue | $ 80,292 | $ 66,922 | $ 62,640 | $ 56,541 | $ 65,610 | $ 80,793 | $ 79,749 | $ 96,109 | $ 266,395 | $ 322,261 | $ 404,247 | |||
Freight Revenue | 3,130 | 2,407 | 2,797 | 3,269 | 2,238 | 302 | 677 | 592 | 11,603 | 3,809 | 4,192 | |||
Other Nonoperating Income (Expense) | 865 | 485 | 1,780 | (11) | 128 | 343 | 181 | 289 | 3,119 | 941 | 9,660 | |||
Total Revenue and Other Income | 84,287 | 69,814 | 67,217 | 59,799 | 67,976 | 81,438 | 80,607 | 96,990 | 281,117 | 327,011 | 418,099 | |||
Costs and Expenses [Abstract] | ||||||||||||||
Operating and Other Costs | 52,935 | 45,531 | 46,044 | 38,491 | 40,307 | 46,936 | 49,075 | 57,643 | 183,001 | 193,961 | 239,863 | [1] | ||
Depreciation, Depletion and Amortization | 10,662 | 10,592 | 10,423 | 10,317 | 10,079 | 10,788 | 11,833 | 11,436 | 41,994 | 44,136 | 43,337 | |||
Freight Expense | 3,130 | 2,407 | 2,797 | 3,269 | 2,238 | 302 | 677 | 592 | 11,603 | 3,809 | 4,192 | |||
Selling, General and Administrative Expense | 3,391 | 2,660 | 1,970 | 1,928 | 2,018 | 2,616 | 3,640 | 2,657 | 9,949 | 10,931 | 17,149 | |||
Interest Expense 3 | 2,442 | 2,223 | 2,076 | 1,978 | 1,878 | 1,872 | 2,910 | 2,976 | 8,719 | 9,636 | 8,683 | [2] | ||
Total Costs | 72,560 | 63,413 | 63,310 | 55,983 | 56,520 | 62,514 | 68,135 | 75,304 | 255,266 | 262,473 | 313,224 | |||
Net Income | $ 11,727 | $ 6,401 | $ 3,907 | $ 3,816 | $ 11,456 | $ 18,924 | $ 12,472 | $ 21,686 | $ 30,404 | $ 34,134 | 25,851 | 64,538 | $ 104,875 | |
Less: Net Income Attributable to CONSOL Energy, Pre-IPO and Pre-PA Mining Acquisition | 3,995 | 41,182 | ||||||||||||
Net Income Attributable to General and Limited Partner Ownership Interest in CNX Coal Resources | 21,856 | 23,356 | ||||||||||||
Less: Net Income Allocable to Preferred Units | 0 | |||||||||||||
Limited Partner Interest in Net Income | 19,606 | 22,888 | ||||||||||||
Less: Effect of Subordinated Distribution Suspension | 119 | 0 | ||||||||||||
Net Income Allocable to Limited Partner Units | $ 19,487 | $ 22,888 | ||||||||||||
Earnings Per Share [Abstract] | ||||||||||||||
Net Income per Limited Partner Unit - Basic | $ 410 | $ 210 | $ 110 | $ 110 | $ 370 | $ 620 | $ 0.84 | $ 0.99 | ||||||
Net Income per Limited Partner Unit - Diluted | $ 410 | $ 210 | $ 110 | $ 100 | $ 370 | $ 620 | $ 0.83 | $ 0.99 | ||||||
Limited Partner Units Outstanding - Basic | 23,225,142 | 23,222,134 | ||||||||||||
Limited Partner Units Outstanding - Diluted | 23,402,897 | 23,223,045 | ||||||||||||
Common Units | ||||||||||||||
Costs and Expenses [Abstract] | ||||||||||||||
Limited Partner Interest in Net Income | $ 9,806 | $ 11,444 | ||||||||||||
Less: Effect of Subordinated Distribution Suspension | (2,917) | 0 | ||||||||||||
Net Income Allocable to Limited Partner Units | $ 12,723 | $ 11,444 | ||||||||||||
Earnings Per Share [Abstract] | ||||||||||||||
Net Income per Limited Partner Unit - Diluted | $ 1.08 | $ 0.99 | ||||||||||||
Limited Partner Units Outstanding - Basic | 11,614,075 | 11,611,067 | ||||||||||||
Limited Partner Units Outstanding - Diluted | 11,791,830 | 11,611,978 | ||||||||||||
Distribution Made to Limited Partner, Distributions Declared, Per Unit | $ 2.05 | $ 0.9916 | ||||||||||||
Subordinated Units | ||||||||||||||
Costs and Expenses [Abstract] | ||||||||||||||
Limited Partner Interest in Net Income | $ 9,800 | $ 11,444 | ||||||||||||
Less: Effect of Subordinated Distribution Suspension | 3,036 | 0 | ||||||||||||
Net Income Allocable to Limited Partner Units | $ 6,764 | $ 11,444 | ||||||||||||
Earnings Per Share [Abstract] | ||||||||||||||
Net Income per Limited Partner Unit - Diluted | $ 0.58 | $ 0.99 | ||||||||||||
Limited Partner Units Outstanding - Basic | 11,611,067 | 11,611,067 | ||||||||||||
Limited Partner Units Outstanding - Diluted | 11,611,067 | 11,611,067 | ||||||||||||
Distribution Made to Limited Partner, Distributions Declared, Per Unit | $ 1.5375 | $ 0.9916 | ||||||||||||
General Partner | ||||||||||||||
Costs and Expenses [Abstract] | ||||||||||||||
Net Income | $ 468 | $ 399 | ||||||||||||
Less: General Partner Interest in Net Income | $ 399 | $ 468 | ||||||||||||
[1] | Related Party of $4,251, $6,793 and $17,557 for the years ended December 31, 2016, 2015, and 2014, respectively. | |||||||||||||
[2] | Related Party of $0, $6,050 and $11,918 for the years ended December 31, 2016, 2015, and 2014, respectively. |
Consolidated Statements of Ope3
Consolidated Statements of Operations - Parenthetical - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
CONSOL Energy | |||
Related party expenses | $ 8,077 | $ 15,719 | $ 18,091 |
Operating and Other Costs | |||
Related party expenses | 17,557 | ||
Operating and Other Costs | CONSOL Energy | |||
Related party expenses | 4,251 | 6,793 | 6,707 |
General And Administrative Expenses [Member] | CONSOL Energy | |||
Related party expenses | 3,826 | 8,926 | 11,384 |
Interest Expense [Member] | CONSOL Energy | |||
Related party expenses | $ 0 | $ 6,050 | $ 11,918 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Statement of Comprehensive Income [Abstract] | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 25,851 | $ 64,538 | $ 104,875 |
Actuarially Determined Long-Term Liability Adjustments: | |||
Amortization of prior service credits | 0 | (8,701) | (2,332) |
Recognized net actuarial (gain) loss | (93) | 1,245 | 546 |
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments and Tax | 0 | 0 | 2,553 |
OPEB Plan amendments | 0 | 4,714 | 35,469 |
OCI, before Reclassifications, Net of Tax, Attributable to Parent | 911 | 902 | 10,669 |
Total Actuarially Determined Long-Term Liability Adjustments | 818 | (1,840) | 41,799 |
Other Comprehensive Income (Loss) | 818 | (1,840) | 41,799 |
Comprehensive Income | $ 26,669 | $ 62,698 | $ 146,674 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Current Assets: | ||
Cash | $ 9,785 | $ 6,534 |
Trade Receivables | 23,418 | 19,398 |
Other Receivables | 515 | 471 |
Inventories | 11,491 | 12,238 |
Prepaid Expenses | 3,512 | 5,089 |
Total Current Assets | 48,721 | 43,730 |
Property, Plant and Equipment: | ||
Property, Plant and Equipment | 876,690 | 865,527 |
Less: Accumulated depreciation, depletion and amortization | 442,178 | 400,911 |
Total Net Property, Plant and Equipment | 434,512 | 464,616 |
Other Assets: | ||
Other | 21,063 | 17,598 |
Total Other Assets | 21,063 | 17,598 |
TOTAL ASSETS | 504,296 | 525,944 |
Current Liabilities: | ||
Accounts Payable | 18,797 | 17,405 |
Accounts Payable—Related Party | 1,666 | 4,310 |
Other Accrued Liabilities | 44,318 | 37,281 |
Total Current Liabilities | 64,781 | 58,996 |
Long-Term Debt: | ||
Revolver, net of debt issuance and financing fees | 197,843 | 180,946 |
Capital Lease Obligations | 146 | 124 |
Total Long-Term Debt | 197,989 | 181,070 |
Other Liabilities: | ||
Pneumoconiosis Benefits | 2,057 | 1,934 |
Workers’ Compensation | 3,090 | 2,929 |
Asset Retirement Obligations | 9,346 | 8,499 |
Other | 463 | 713 |
Total Other Liabilities | 14,956 | 14,075 |
TOTAL LIABILITIES | 277,726 | 254,141 |
Partners' Capital: | ||
General Partner Interest | 12,274 | 13,081 |
Parent Net Investment | 0 | 87,234 |
Accumulated Other Comprehensive Income | 11,809 | 10,991 |
Total Partners' Capital | 226,570 | 271,803 |
TOTAL LIABILITIES AND PARTNERS' CAPITAL | 504,296 | 525,944 |
Preferred Class A [Member] | ||
Partners' Capital: | ||
Limited Partners' Capital Account | 69,151 | |
Common Units | ||
Partners' Capital: | ||
Limited Partners' Capital Account | 140,967 | 154,309 |
Subordinated Member Units | ||
Partners' Capital: | ||
Limited Partners' Capital Account | $ (7,631) | $ 6,188 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - shares | Dec. 31, 2016 | Dec. 31, 2015 |
Common Stock | ||
Limited Partners' Units Outstanding (in shares) | 11,618,456 | 11,611,067 |
Subordinated Member Units | ||
Limited Partners' Units Outstanding (in shares) | 11,611,067 | 11,611,067 |
Preferred Stock [Member] | ||
Limited Partners' Units Outstanding (in shares) | 3,956,496,000 | 0 |
Consolidated Statement of Partn
Consolidated Statement of Partners' Capital - USD ($) $ in Thousands | Total | Accumulated Other Comprehensive Income | Former Parent | Limited PartnersCommon Units | Limited PartnersSubordinated Member Units | General Partner | Preferred Partner [Member] |
Balance at December 31, 2014 at Dec. 31, 2013 | $ 149,771 | $ (2,590) | $ 152,361 | $ 0 | $ 0 | $ 0 | |
Increase (Decrease) in Partners' Capital [Roll Forward] | |||||||
Net Income | 104,875 | 104,875 | |||||
Net Working Capital Advances to the Partnership | (83,162) | (83,162) | |||||
Total Actuarially Determined Long-Term Liability Adjustments | 41,799 | 41,799 | |||||
Balance at December 31, 2015 at Dec. 31, 2014 | 213,283 | 39,209 | 174,074 | 0 | 0 | 0 | |
Partners' Capital Account, Net Working Capital Advances | (3,430) | ||||||
Increase (Decrease) in Partners' Capital [Roll Forward] | |||||||
Net Income | 64,538 | ||||||
Net Working Capital Advances to the Partnership | 26,981 | ||||||
Assets and Liabilities Contributed/Distributed | 231,898 | (26,378) | 258,276 | ||||
Deemed Distribution to Partnership | 0 | (355,887) | 28,450 | 314,597 | 12,840 | ||
Issuance of Common Units to Public, Net of Offering Costs | 148,359 | 148,359 | |||||
Partners' Capital Account, Return of Capital | (342,711) | 28,421 | 314,290 | ||||
Distribution of IPO Proceeds | (11,353) | (5,563) | (5,563) | (227) | |||
Unit Based Compensation | 40 | 40 | |||||
Total Actuarially Determined Long-Term Liability Adjustments | (1,840) | (1,840) | |||||
Balance at December 31, 2015 at Dec. 31, 2015 | 271,803 | 10,991 | 87,234 | 154,309 | 6,188 | 13,081 | |
Partners' Capital Account, Public Sale of Units | 67,300 | $ 67,300 | |||||
Partners' Capital Account, Net Working Capital Advances | (8,953) | (8,953) | |||||
Increase (Decrease) in Partners' Capital [Roll Forward] | |||||||
Net Income | 25,851 | 3,995 | 9,806 | 9,800 | 399 | 1,851 | |
Net Working Capital Advances to the Partnership | 26,981 | ||||||
Net Asset Acquired in Pennsylvania Mining Complex | (82,276) | ||||||
Purchase Price in Excess of Net Assets Acquired | (6,524) | (522) | (5,767) | (235) | |||
Distribution of IPO Proceeds | (42,634) | (23,811) | (17,852) | (971) | |||
Unit Based Compensation | 1,185 | 1,185 | |||||
Total Actuarially Determined Long-Term Liability Adjustments | 818 | 818 | |||||
Balance at December 31, 2015 at Dec. 31, 2016 | $ 226,570 | $ 11,809 | $ 0 | $ 140,967 | $ (7,631) | $ 12,274 | $ 69,151 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Statement of Cash Flows [Abstract] | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 25,851 | $ 64,538 | $ 104,875 |
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities: | |||
Depreciation, Depletion and Amortization | 41,994 | 44,136 | 43,337 |
(Gain) Loss on Sale of Assets | 9 | (61) | (185) |
Unit Based Compensation | 1,185 | 40 | 0 |
Other Adjustments to Net Income | 898 | 777 | 286 |
Changes in Operating Assets: | |||
Accounts and Notes Receivable | (4,064) | (19,389) | (331) |
Inventories | 747 | 1,061 | 366 |
Prepaid Expenses | 1,577 | (186) | (254) |
Changes in Other Assets | (3,465) | (3,246) | (1,593) |
Changes in Operating Liabilities: | |||
Accounts Payable | 1,968 | (416) | (2,275) |
Accounts Payable—Related Party | (2,644) | 3,430 | 0 |
Other Operating Liabilities | 7,010 | (7,244) | 1,243 |
Changes in Other Liabilities | 2,032 | (6,532) | (2,833) |
Net Cash Provided by Operating Activities | 73,098 | 76,908 | 142,636 |
Cash Flows from Investing Activities: | |||
Capital Expenditures | (12,704) | (34,073) | (85,076) |
Payments to Acquire Businesses, Gross | (21,500) | ||
Proceeds from Sales of Assets | 23 | 71 | 19,046 |
Net Cash Used in Investing Activities | (34,181) | (34,002) | (66,030) |
Cash Flows from Financing Activities: | |||
Payments on Miscellaneous Borrowings | (79) | (53) | (24) |
Payments on Related Party Long-Term Notes | 0 | (10,951) | (2,311) |
Proceeds from Related Party Long-Term Notes | 0 | 16,990 | 14,214 |
Proceeds from Revolver, Net of Payments | 16,000 | 185,000 | 0 |
Proceeds from Issuance of Common Units, Net of Offering Costs | 0 | 148,359 | 0 |
Distribution of Proceeds | 0 | (342,711) | 0 |
Payments for Unitholder Distributions | (42,634) | (11,353) | 0 |
Debt Issuance and Financing Fees | 0 | (4,329) | 0 |
Net Change in Parent Advances | (8,953) | (17,328) | (88,485) |
Net Cash Used In Financing Activities | (35,666) | (36,376) | (76,606) |
Net Increase in Cash | 3,251 | 6,530 | 0 |
Cash at Beginning of Period | 6,534 | 4 | 4 |
Cash at End of Period | $ 9,785 | $ 6,534 | $ 4 |
Significant Accounting Policies
Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies | SIGNIFICANT ACCOUNTING POLICIES A summary of the significant accounting policies is included below. These, together with the other notes to the consolidated financial statements, are an integral part of the Consolidated Financial Statements. Basis of Consolidation and Presentation: On September 30, 2016, the Partnership and its wholly owned subsidiary, CNX Thermal Holdings, entered into a Contribution Agreement (the “Contribution Agreement”) with CONSOL Energy, CPCC and Conrhein and together with CPCC, (the “Contributing Parties”), under which CNX Thermal Holdings acquired an undivided 6.25% of the Contributing Parties’ right, title and interest in and to the Pennsylvania Mining Complex (which represents an aggregate 5% undivided interest in and to the Pennsylvania Mining Complex)("PA Mining Acquisition"). The PA Mining Acquisition was a transaction between entities under common control; therefore, the partnership recorded the assets and liabilities of the acquired 5% of Pennsylvania Mining Complex at their carrying amounts to CONSOL Energy on the date of the transaction. The difference between CONSOL Energy’s net carrying amount and the total consideration paid to CONSOL Energy was recorded as a capital transaction with CONSOL Energy, which resulted in a reduction in partners’ capital. Because this transaction is between entities under common control, the Partnership recast its historical consolidated financial statements to retrospectively reflect the additional 5% interest in Pennsylvania Mining Complex as if the business was owned for all periods presented; however, the consolidated financial statements are not necessarily indicative of the results of operations that would have occurred if the Partnership had owned it during the periods reported. For the years ended December 31, 2016 and 2015 , the Consolidated Financial Statements include the accounts of CNX Operating and CNX Thermal Holdings, wholly-owned and controlled subsidiaries. For the year ended December 31, 2014 , these audited Consolidated Financial Statements were prepared from separate records maintained by CONSOL Energy, CPCC and Conrhein and may not necessarily be indicative of the conditions that would have existed, or the results of operations, if CPCC and Conrhein had been operated as unaffiliated entities. These Audited Consolidated Financial Statements represent the combination of two separate legal entities wholly owned by CONSOL Energy, the net assets of the Partnership have been presented as a Parent Net Investment. Parent Net Investment is primarily comprised of the Partnership’s undivided interest in (i) CONSOL Energy’s initial investment in CPCC and Conrhein (and any subsequent adjustments thereto); (ii) the accumulated net earnings; (iii) net transfers to or from CONSOL Energy, including those related to cash management functions performed by CONSOL Energy; (iv) non-cash changes in financing arrangements, including the conversion of certain related party liabilities into Parent Net Investment; and (v) corporate cost allocations. Transactions between the Partnership and CONSOL Energy or CONSOL Energy’s other subsidiaries have been identified in the financial statements as transactions between related parties and are discussed in Note 19 - Related Party. Jumpstart Our Business Startups Act ("JOBS Act"): Under the JOBS Act, for as long as the Partnership remains an “emerging growth company” as defined in the JOBS Act, we may take advantage of certain exemptions from the SEC's reporting requirements that are applicable to other public companies that are not emerging growth companies, including not being required to provide an auditor’s attestation report on management’s assessment of the effectiveness of its system of internal control over financial reporting pursuant to Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in our periodic reports, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and seeking unitholder approval of any golden parachute payments not previously approved. We may take advantage of these reporting exemptions until we are no longer an emerging growth company. The Partnership will remain an emerging growth company for up to five years, although we will lose that status sooner if: • we have more than $1 billion of revenues in a fiscal year; • limited partner interests held by non-affiliates have a market value of more than $700 million (large accelerated filer); or • we issue more than $1 billion of non-convertible debt over a three-year period. The JOBS Act also provides that an emerging growth company can delay adopting new or revised accounting standards until such time as those standards apply to private companies. The Partnership has irrevocably elected to “opt out” of this exemption and, therefore, will be subject to the same new or revised accounting standards as other public companies that are not emerging growth companies. Use of Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, as well as various disclosures. Actual results could differ from those estimates. The most significant estimates included in the preparation of the consolidated financial statements are related to coal workers’ pneumoconiosis, workers’ compensation, asset retirement obligations, contingencies, and coal reserve values. Cash: Cash includes cash on hand and on deposit with banking institutions. Accounts Receivable: Accounts receivable are recorded at the invoiced amount and do not bear interest. We reserve for specific accounts receivable when it is probable that all or a part of an outstanding balance will not be collected, such as customer bankruptcies. Collectability is determined based on terms of sale, credit status of customers and various other circumstances. We regularly review collectability and establish or adjust the allowance as necessary using the specific identification method. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. There were no reserves for uncollectible trade amounts in the periods presented. Inventories: 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, depreciation, depletion and amortization, operating overhead and other related costs. The cost of supplies inventory is determined by the average cost method and includes operating and maintenance supplies to be used in our coal operations. Property, Plant and Equipment: Property, plant and equipment is recorded at cost upon acquisition. Expenditures which extend the useful lives of existing plant and equipment are capitalized. Interest costs applicable to major asset additions are capitalized during the construction period. Costs of additional mine facilities required to maintain production after a mine reaches the production stage, generally referred to as “receding face costs,” are expensed as incurred; however, the costs of additional airshafts and new portals are capitalized. Planned major maintenance costs which do not extend the useful lives of existing plant and equipment are expensed as incurred. Coal exploration costs are expensed as incurred. Coal exploration costs include those incurred to ascertain existence, location, extent or quality of ore or minerals before beginning the development stage of the mine. Costs of developing new underground mines and certain underground expansion projects are capitalized. Underground development costs, which are costs incurred to make the mineral physically accessible, include costs to prepare property for shafts, driving main entries for ventilation, haulage, personnel, construction of airshafts, roof protection and other facilities. Airshafts and capitalized mine development associated with a coal reserve are amortized on a units-of production basis as the coal is produced so that each ton of coal is assigned a portion of the unamortized costs. We employ this method to match costs with the related revenues realized in a particular period. Rates are updated when revisions to coal reserve estimates are made. Coal reserve estimates are reviewed when information becomes available that indicates a reserve change is needed, or at a minimum once a year. Any material effect from changes in estimates is disclosed in the period the change occurs. Amortization of development cost begins when the development phase is complete and the production phase begins. At an underground mine, the end of the development phase and the beginning of the production phase takes place when construction of the mine for economic extraction is substantially complete. Coal extracted during the development phase is incidental to the mine’s production capacity and is not considered to shift the mine into the production phase. Coal reserves are either owned in fee or controlled by lease. The duration of the leases vary; however, the lease terms generally are extended automatically to the exhaustion of economically recoverable reserves, as long as active mining continues. Coal interests held by lease provide the same rights as fee ownership for mineral extraction and are legally considered real property interests. Advance mining royalties are advance payments made to lessors under terms of mineral lease agreements that are recoupable against future production using the units-of-production method. Depletion of leased coal interests is computed using the units-of-production method over proven and probable coal reserves. Advance mining royalties and leased coal interests are evaluated periodically, or at a minimum once a year, for impairment issues or whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Any revisions are accounted for prospectively as changes in accounting estimates. When properties are retired or otherwise disposed, the related cost and accumulated depreciation are removed from the respective accounts and any profit or loss on disposition is recognized in Gain (Loss) on Sale of Assets in the Consolidated Statements of Operations. Depreciation of plant and equipment is calculated on the straight-line method over their estimated useful lives or lease terms generally as follows: Years Buildings and improvements 10 to 45 Machinery and equipment 3 to 25 Leasehold improvements Life of Lease Costs to obtain coal lands are capitalized based on the cost at acquisition and are amortized using the units-of-production method over all estimated proven and probable reserve tons assigned and accessible to the mine. Proven and probable coal reserves are calculated on a clean coal ton equivalent, which excludes non-recoverable coal reserves and anticipated preparation plant processing refuse. Rates are updated when revisions to coal reserve estimates are made. Coal reserve estimates are reviewed when events and circumstances indicate a reserve change is needed, or at a minimum once a year. Amortization of coal interests begins when the coal reserve is produced. At an underground mine, a ton is considered produced once it reaches the surface area of the mine. Any material effect from changes in estimates is disclosed in the period the change occurs. Impairment of Long-lived Assets: Impairment of long-lived assets is recorded when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying value. The carrying value of the assets is then reduced to its estimated fair value which is usually measured based on an estimate of future discounted cash flows. There were no impairment losses recognized during the years ended December 31, 2016 , 2015 and 2014 . Pension: The personnel who operate CPCC and Conrhein’s assets are employees of CPCC and participate in certain defined benefit retirement plans administered by CONSOL Energy through December 31, 2015. Effective December 31, 2015, CONSOL Energy's qualified defined benefit retirement plans were frozen. CONSOL Energy directly charges the Partnership for its portion of the service costs associated with these employees that participate in the salary retirement pension plans. The Partnership’s share of those costs is reflected in Operating and Other Costs in the accompanying Consolidated Statements of Operations. 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 ten years of service as of September 30, 2014. Employees who were age 40 or over and had at least 10 years of service would continue in the defined benefit pension plan unchanged. On August 31, 2015, the qualified pension plan was remeasured to reflect another announced plan amendment that reduced future accruals of pension benefits as of January 1, 2016. The plan amendment called for a hard freeze of the qualified defined benefit pension plan on January 1, 2016 for all remaining participants in the plan and eliminated CONSOL Energy contributing an additional 3% of eligible compensation into the 401(k) accounts. Pneumoconiosis Benefits and Workers’ Compensation: The Partnership is required by federal and state statutes to provide our portion of benefits to certain current and former totally disabled employees or their dependents for awards related to coal workers’ pneumoconiosis (“CWP”). The Partnership is also required by various state statutes to provide our portion of workers’ compensation benefits for employees who sustain employment related physical injuries or some types of occupational disease. Workers’ compensation benefits include compensation for their disability, medical costs, and on some occasions, the cost of rehabilitation. The provisions for our portion of estimated benefits are determined on an actuarial basis for the Partnership’s dedicated contract labor provided under a service agreement with CONSOL Energy. Asset Retirement Obligations: Mine closing reclamation costs, perpetual water care costs and other costs associated with dismantling and removing facilities are accrued using the accounting treatment prescribed by the Asset Retirement and Environmental Obligations Topic of the FASB Accounting Standards Codification. This topic requires the fair value of an asset retirement obligation be recognized in the period in which it is incurred if a reasonable estimate of fair value can be made. The present value of the estimated asset retirement costs is capitalized as part of the carrying amount of the long-lived asset. Depreciation of the capitalized asset retirement cost is generally determined on a units-of-production basis. Accretion of the asset retirement obligation is recognized over time and generally will escalate over the life of the producing asset, typically as production declines. Accretion is included in Depreciation, Depletion and Amortization on the Consolidated Statements of Operations. Asset retirement obligations primarily relate to the closure of mines which includes treatment of water and the reclamation of land upon exhaustion of coal reserves. Accrued mine closing costs, perpetual care costs and reclamation costs and other costs of dismantling and removing facilities are regularly reviewed by management and are revised for changes in future estimated costs and regulatory requirements. Subsidence: Subsidence occurs when there is damage of the ground surface due to the removal of underlying coal. Areas affected may include, although not limited to, streams, property, roads, pipelines and other land and surface structures. Total estimated subsidence claims are recognized in the period when the related coal has been extracted and are included in Operating and Other Costs on the Consolidated Statements of Operations and Other Accrued Liabilities on the Consolidated Balance Sheets. On occasion we prepay the estimated damages prior to undermining the property, in return for release of liability. Prepayments are included as assets and either recognized as Prepaid Expenses or in Other Assets on the Consolidated Balance Sheets, if the payment is made less than or greater than one year, respectively, prior to undermining the property. Income Taxes: The Partnership's assets and liabilities are comprised of a 25% undivided interest in the Pennsylvania Mining Complex which assets and liabilities are held by CPCC and Conrhein. The Partnership does not share in the separate income tax consequences attributable to the owners of CPCC and Conrhein. Accordingly, no provision for federal or state income taxes has been recorded. As of December 31, 2016 and 2015 , the Partnership had no liability reported for unrecognized tax benefits and had not incurred interest and penalties related to income taxes. The Partnership’s operations are treated as a partnership for federal and state income tax purposes, with each partner being separately taxed on its share of taxable income. Therefore, the Partnership has excluded income taxes from these financial statements. Revenue Recognition: Revenues are recognized when title passes to the customers. For domestic coal sales, this generally occurs when coal is loaded at the mine preparation facility. For export coal sales, revenue recognition generally occurs when coal is loaded onto marine vessels at terminal locations. Freight Revenue and Expense: Shipping and handling costs invoiced to coal customers and paid to third-party carriers are recorded as Freight Revenue and Freight Expense, respectively. Royalty Recognition: Royalty expenses for coal rights are included in Royalties and Production Taxes on the Consolidated Statements of Operations when the related revenue for the coal sale is recognized. Contingencies: The Partnership, from time to time, is 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. Liabilities are recorded when it is probable that obligations have been incurred and the amounts can be reasonably estimated. Estimates are developed through consultation with legal counsel involved in the defense and are based upon an analysis of potential results, assuming a combination of litigation and settlement strategies. Legal fees associated with defending these various lawsuits and claims are expensed when incurred. Reclassifications: The PA Mining Acquisition was accounted for as a transaction under common control, which resulted in the prior periods being recasted to reflect the as if the Partnership owned 25% of PA Mining Complex for all periods presented. Certain amounts have been reclassified to conform with the current reporting classifications with no effect on previously reported recasted net income or partners' capital. Recent Accounting Pronouncements: In January 2017, the FASB issued Update 2017-01 - Business Combinations (Topic 805). This update clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The adoption of this new guidance will not have a material impact on the Partnership's financial statements. In December 2016, the FASB issued Update 2016-19 - Technical Corrections and Improvements. This Update seeks to provide simplification, minor improvements, and guidance clarification to Topics in the Accounting Standards Codification. The changes are not expected to affect current accounting practice and are effective immediately. The adoption of this new guidance will not have a material impact on the Partnership's financial statements. In May 2014, the FASB issued Accounting Standards Update ("ASU") 2014-09 "Revenue from Contracts with Customers (Topic 606)", which supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance throughout the Industry Topics of the Codification. The objective of the amendments in this update is to improve financial reporting by creating common revenue recognition guidance for U.S. GAAP and International Financial Reporting Standards ("IFRS"). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services and should disclose sufficient information, both qualitative and quantitative, to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The following updates to Topic 606 were made during 2016: • In March 2016, the FASB updated Topic 606 by issuing ASU 2016-08 "Principal versus Agent Considerations (Reporting Revenue Gross versus Net)," which clarifies how an entity determines whether it is a principal or an agent for goods or services promised to a customer as well as the nature of the goods or services promised to their customers. • In April 2016, the FASB issued Update 2016-10 - Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing, which seeks to address implementation issues in the areas of identifying performance obligations and licensing. • In May 2016, the FASB issued Update 2016-12 - Revenue from Contracts with Customers (Topic 606): Narrow Scope Improvements and Practical Expedients. The update, which was issued in response to feedback received by the FASB-IASB joint revenue recognition transition resource group (TRG), seeks to address implementation issues in the areas of collectibility, presentation of sales taxes, noncash consideration, and completed contracts and contract modifications at transition. • In December 2016, the FASB issued Updated 2016-20 - Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers. This update applies technical corrections or improvements specific to Update 2014-09. The technical corrections seek to address implementation issues in the areas of loan guarantee fees, contract costs - impairment testing, contract costs - interaction of impairment testing with guidance in other topics, provisions for losses on construction-type and production-type contracts, the scope of Topic 606, disclosure of remaining performance obligations, disclosure of prior-period performance obligations, contract modifications example, contract asset versus receivable, refund liability, advertising costs, fixed-odds wagering contracts in the casino industry, and cost capitalization for advisers to private and public funds. The new standards are effective for annual reporting periods beginning after December 15, 2017, with the option to adopt as early as annual reporting periods beginning after December 15, 2016. Management continues to evaluate the impacts that these standards will have on the Partnership's financial statements, specifically as it relates to contracts that contain positive electric power price related adjustments. The Partnership anticipates using the modified retrospective approach at adoption as it relates to ASU 2014-09. In August 2016, the FASB issued Update 2016-15 - Statement of Cash Flows (Topic 230) - Classification of Certain Cash Receipts and Cash Payments. This update seeks to reduce the existing diversity in practice of the presentation and classification of specific cash flow issues. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the impact this guidance may have on the Partnership's financial statements. In March 2016, the FASB issued Update 2016-09 - Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The update simplifies several aspects of the accounting for share-based payment transactions including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. In addition to those simplifications, the amendments eliminate the guidance in Topic 718 that was indefinitely deferred shortly after the issuance of FASB Statement No. 123 (revised 2004), Share-Based Payment. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early application of the amendments in this update is permitted for all entities. The adoption of this new guidance will not have a material impact on the Partnership's financial statements. In February 2016, the FASB issued Update 2016-02 - Leases (Topic 842). This update is intended to improve financial reporting about leasing transactions. This update will require lessees to recognize all leases with terms greater than 12 months on their balance sheet as lease liabilities with a corresponding right-of-use asset. This update maintains the dual model for lease accounting, requiring leases to be classified as either operating or finance, with lease classification determined in a manner similar to existing lease guidance. The basic principle is that leases of all types convey the right to direct the use and obtain substantially all the economic benefits of an identified asset, meaning they create an asset and liability for lessees. Lessees will classify leases as either finance leases (comparable to current capital leases) or operating leases (comparable to current operating leases). Costs for a finance lease will be split between amortization and interest expense, with a single lease expense reported for operating leases. This update also will require both qualitative and quantitative disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application of the amendments in this update is permitted for all entities. Management is currently evaluating the impact this guidance may have on the Partnership's financial statements. In July 2015, the FASB issued Update 2015-11 - Inventory (Topic 330): Simplifying the Measurement of Inventory. The Board is issuing this Update as part of its Simplification Initiative. The amendments in this Update do not apply to inventory that is measured using last-in, first-out (LIFO) or the retail inventory method. The amendments apply to all other inventory, which includes inventory that is measured using first-in, first-out (FIFO) or average cost. Topic 330, Inventory, currently requires an entity to measure inventory at the lower of cost or market, where market could be replacement cost, net realizable value, or net realizable value less an approximately normal profit margin. In accordance with this Update, an entity should now measure inventory within the scope of this Update at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. Other than the change in the subsequent measurement guidance from the lower of cost or market to the lower of cost and net realizable value for inventory within the scope of this Update, there are no other substantive changes to the guidance on measurement of inventory. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The amendments in this Update should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The adoption of this new guidance will not have a material impact on the Partnership's financial statements. |
Initial Public and Concurrent P
Initial Public and Concurrent Private Placement Offering | 12 Months Ended |
Dec. 31, 2016 | |
Equity [Abstract] | |
Initial Public and Concurrent Private Placement Offering | On July 1, 2015, the Partnership’s common units began trading on the New York Stock Exchange under the ticker symbol “CNXC”. On July 7, 2015, the following transactions occurred in conjunction with the Partnership completing the IPO. CONSOL Energy In connection with the IPO, the Partnership issued 1,050,000 common units (including 188,933 common units issued upon the expiration of the underwriters' option to purchase additional common units), and 11,611,067 subordinated units to CONSOL Energy, representing a 53.4% limited partner interest in us, and issued a 2.0% general partner interest in us and all of our incentive distribution rights to our general partner. In connection with these issuances of common and subordinated units and other ownership interests, we relied upon the “private placement” exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), provided by Section 4(a)(2) thereof and, accordingly, the common and subordinated units and other ownership interests issued to CONSOL Energy were not registered under the Securities Act. The Partnership also entered into an operating agreement, employee services agreement, contract agency agreement, terminal and throughput agreement, cooperation and safety agreement, water supply and services agreement, omnibus agreement and contribution agreement with CONSOL Energy. Concurrent Private Placement In connection with the IPO, Greenlight Capital and certain of its affiliates entered into a common unit purchase agreement with us to purchase 5,000,000 common units at a price per unit equal to $15.00 equating to $75,000 in gross proceeds. In connection with our issuance and sale of common units pursuant to the Concurrent Private Placement, we relied upon the “private placement” exemption from the Securities Act, provided by Section 4(a)(2) thereof and, accordingly, the common units issued to Greenlight Capital were not registered under the Securities Act. We distributed all of the proceeds from the Concurrent Private Placement to CONSOL Energy. Initial Public Offering As part of the IPO, we sold 5,000,000 common units to the public at a price per unit equal to $15.00 ( $14.10 per unit net of underwriting discount) equating to gross proceeds of $75,000 . After the deduction of the underwriting discount and structuring fees of $5,500 and offering expenses of approximately $4,052 , the net proceeds contributed to the Partnership were approximately $65,448 . We granted the underwriters a 30 -day option to purchase up to 750,000 common units from us at the IPO price, less the underwriter discount, if the underwriters sold more than 5,000,000 common units. The underwriters partially exercised this option and sold an additional 561,067 common units to the public at $15.00 ( $14.10 per unit net of underwriting discount) equating to additional net proceeds of $7,911 . We distributed $70,711 of net proceeds from the IPO to CONSOL Energy. The remaining 188,933 common units that the underwriters did not exercise under their option, were issued to CONSOL Energy. Revolving Credit Facility In connection with the IPO, we entered into a $400,000 senior secured revolving credit facility with certain lenders and PNC Bank, National Association, as administrative agent (“PNC Bank N.A.”). Obligations under our revolving credit facility are guaranteed by our subsidiaries (the“guarantor subsidiaries”) and are secured by substantially all of our and our subsidiaries’ assets pursuant to a security agreement and various mortgages. CONSOL Energy is not a guarantor of our revolving credit facility. Borrowings under our revolving credit facility may be used by us to fund cash distributions, make capital expenditures, pay fees and expenses related to our revolving credit facility and for general partnership purposes. In connection with the completion of the IPO and our entry into our revolving credit facility, we made an initial draw of $200,000 and paid $3,000 in origination fees with net proceeds of $197,000 which were distributed to CONSOL Energy. Use of Proceeds In connection with the IPO, we used the net proceeds from the IPO, the proceeds from the Concurrent Private Placement and net borrowings under our revolving credit facility to make a distribution of $342,711 , including $4,352 of offering and structure fees, to CONSOL Energy. The Partnership retained cash of $7,000 . Based on the IPO price of $15.00 per common unit, the aggregate value of the common units and subordinated units that were issued to CONSOL Energy in connection with the completion of the IPO was approximately $189,916 . OTHER ACCQUISITIONS: On September 30, 2016, the Partnership and its wholly owned subsidiary, CNX Thermal Holdings, entered into a Contribution Agreement with CONSOL Energy, CPCC and Conrhein and together with CPCC, under which CNX Thermal Holdings acquired an undivided 6.25% of the Contributing Parties’ right, title and interest in and to the Pennsylvania Mining Complex (which represents an aggregate 5% undivided interest in and to the Pennsylvania Mining Complex), in exchange for (i) cash consideration in the amount of $21,500 and (ii) the Partnership’s issuance of 3,956,496 Class A Preferred Units representing limited partner interests in the Partnership at an issue price of $17.01 per Class A Preferred Unit (the “Class A Preferred Unit Issue Price”), or an aggregate $67,300 in equity consideration. The Class A Preferred Unit Issue Price was calculated as the volume-weighted average trading price of the Partnership’s common units over the trailing 15 -day trading period ending on September 29, 2016 (or $14.79 ), plus a 15% premium. The PA Mining Acquisition was consummated on September 30, 2016. Our general partner elected not to contribute capital to retain their 2% interest. As of December 31, 2016 our general partner's ownership interest in the partnership was 1.7%. Following the PA Mining Acquisition and including interests it held previously, CNX Thermal holds an aggregate 25% undivided interest in and to the Pennsylvania Mining Complex. The PA Mining Acquisition was a transaction between entities under common control; therefore, the Partnership recorded the assets and liabilities of the acquired 5% undivided interest in the Pennsylvania Mining Complex at their carrying amounts to CONSOL Energy on the date of the transaction. The difference between CONSOL Energy's net carrying amount and the total consideration paid to CONSOL Energy was recorded as a capital transaction with CONSOL Energy, which resulted in a reduction in partners’ capital. The $67,300 in preferred equity consideration was a non-cash transaction, which impacted the investing and financing activities of the Partnership, by $6,524 of excess consideration paid over the net carrying amount and $60,776 of carrying amount paid from equity consideration. In March 2014, CPCC completed a sale-leaseback of longwall shields for the Harvey Mine. Cash proceeds for the sale offset the basis of $18,839 ; therefore, no gain or loss was recognized on the sale. The five -year lease has been accounted for as an operating lease. |
Net Income Per Limited Partner
Net Income Per Limited Partner and General Partner Interest | 12 Months Ended |
Dec. 31, 2016 | |
Earnings Per Share [Abstract] | |
Net Income Per Limited Partner and General Partner Interest | NET INCOME PER LIMITED PARTNER AND GENERAL PARTNER INTEREST: The Partnership allocates net income among our general partner and limited partners using the two-class method in accordance with applicable authoritative accounting guidance. Under the two-class method, we allocate our net income to our limited partners and our general partner in accordance with the terms of our Partnership Agreement. We also allocate any earnings in excess of distributions to our limited partners and our general partner in accordance with the terms of our Partnership Agreement. We allocate any distributions in excess of earnings for the period to our general partner and our limited partners based on their respective proportionate ownership interests in us, after taking into account distributions to be paid with respect to the incentive distribution rights, as set forth in the Partnership Agreement. Net income attributable to the PA Mining Acquisition for periods prior to September 30, 2016 was not allocated to the limited partners for purposes of calculating net income per limited partner unit. Diluted net income per limited partner unit reflects the potential dilution that could occur if securities or agreements to issue common units, such as awards under the long-term incentive plan or convertible preferred units, were exercised, settled or converted into common units. If certain conditions are met, preferred units can be converted by election of the holder, partnership, or by change in control. When it is determined that potential common units resulting from an award subject to performance or market conditions should be included in the diluted net income per limited partner unit calculation, the impact is reflected by applying the treasury stock method. For the calculation of diluted net income per limited partner unit, the effect of conversion of the 3,956,496 Class A Preferred Units is antidilutive and is excluded from the calculation for the year ended December 31, 2016. No preferred units were available for the year ended December 31, 2015. The following table illustrates the Partnership's calculation of net income per unit for common and subordinated partner units (in thousands, except for per unit information): For the Year Ended For the Year Ended December 31, 2016 December 31, 2015 Net Income Attributable to General and Limited Partner Ownership Interest in CNX Coal Resources $ 25,851 $ 64,538 Less: Net (Loss) Income Attributable to CONSOL Energy, Pre-IPO — 34,134 Less: Net Income Attributable to CONSOL Energy, Pre-PA Mining Acquisition 3,995 7,048 Less: General Partner Interest in Net Income 399 468 Less: Net Income Allocable to Class A Preferred Units 1,851 — Less: Effect of Subordinated Distribution Suspension 119 — Net Income Allocable to Limited Partner Units $ 19,487 $ 22,888 Limited Partner Interest in Net Income - Common Units $ 9,806 $ 11,444 Effect of Subordinated Distribution Suspension - Common Units 2,917 — Net Income Allocable to Common Units $ 12,723 $ 11,444 Limited Partner Interest in Net Income - Subordinated Units $ 9,800 $ 11,444 Effect of Subordinated Distribution Suspension - Subordinated Units (3,036 ) — Net Income Allocable to Subordinated Units $ 6,764 $ 11,444 Weighted Average Limited Partner Units Outstanding - Basic Common Units 11,614,075 11,611,067 Subordinated Units 11,611,067 11,611,067 Total 23,225,142 23,222,134 Weighted Average Limited Partner Units Outstanding - Diluted Common Units 11,791,830 11,611,978 Subordinated Units 11,611,067 11,611,067 Total 23,402,897 23,223,045 Net Income Per Limited Partner Unit - Basic Common Units $ 1.10 $ 0.99 Subordinated Units $ 0.58 $ 0.99 Net Income Per Limited Partner Unit -Diluted Common Units $ 1.08 $ 0.99 Subordinated Units $ 0.58 $ 0.99 |
Miscellaneous Other Income
Miscellaneous Other Income | 12 Months Ended |
Dec. 31, 2016 | |
Other Income and Expenses [Abstract] | |
Miscellaneous Other Income | OTHER INCOME: For the Years Ended December 31, 2016 2015 2014 Coal contract buyout $ 1,572 $ — $ 7,500 Purchased coal sales 1,439 — — Right of way sales 31 608 364 Litigation — — 1,069 Gain (loss) on sale of assets (9 ) 61 185 Other 86 272 542 Total Miscellaneous Other Income $ 3,119 $ 941 $ 9,660 |
Interest Expense
Interest Expense | 12 Months Ended |
Dec. 31, 2016 | |
Interest Expense [Abstract] | |
Interest Expense | INTEREST EXPENSE: For the Years Ended December 31, 2016 2015 2014 Interest on notes - related party $ — $ 6,050 $ 11,918 Revolver interest 9,022 3,928 — Capitalized interest (315 ) (348 ) (3,236 ) Interest on other payables, net 12 6 1 Total Interest Expense $ 8,719 $ 9,636 $ 8,683 |
Inventories
Inventories | 12 Months Ended |
Dec. 31, 2016 | |
Inventory Disclosure [Abstract] | |
Inventories | INVENTORIES: December 31, December 31, Coal $ 1,950 $ 1,165 Supplies 9,541 11,073 Total Inventories $ 11,491 $ 12,238 |
Property, Plant and Equipment
Property, Plant and Equipment | 12 Months Ended |
Dec. 31, 2016 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment | PROPERTY, PLANT AND EQUIPMENT: December 31, December 31, Coal and other plant and equipment $ 576,917 $ 571,044 Coal properties and surface lands 121,241 120,912 Airshafts 92,938 87,967 Mine development 81,538 81,538 Coal advance mining royalties 4,056 4,066 Total property, plant and equipment 876,690 865,527 Less: Accumulated depreciation, depletion and amortization 442,178 400,911 Total Net Property, Plant and Equipment $ 434,512 $ 464,616 As of December 31, 2016 and 2015 , property, plant and equipment includes gross assets under capital lease of $ 631 and $ 481 , respectively. Accumulated amortization for capital leases was $ 398 and $ 296 at December 31, 2016 and 2015 , respectively. Amortization expense for assets under capital leases approximated $78 , $53 , and $29 for the years ended December 31, 2016 , 2015 , and 2014 , respectively, and is included in Depreciation, Depletion and Amortization in the accompanying Consolidated Statements of Operations. |
Other Accrued Liabilities
Other Accrued Liabilities | 12 Months Ended |
Dec. 31, 2016 | |
Payables and Accruals [Abstract] | |
Other Accrued Liabilities | OTHER ACCRUED LIABILITIES: December 31, December 31, 2015 Subsidence liability $ 26,887 $ 22,403 Accrued payroll and benefits 4,052 3,552 Litigation 2,507 2,138 Accrued other taxes 2,504 807 Equipment lease rental 2,442 2,442 Other 3,683 2,287 Current portion of long-term liabilities: Workers' compensation 1,380 1,431 Asset retirement obligations 591 1,913 Long-term disability 128 204 Capital leases 88 61 Pneumoconiosis benefits 56 43 Total Other Accrued Liabilities $ 44,318 $ 37,281 |
Debt
Debt | 12 Months Ended |
Dec. 31, 2016 | |
Debt Disclosure [Abstract] | |
Debt | : December 31, December 31, Revolver, carrying amount $ 201,000 $ 185,000 Less: Debt issuance and financing fees 3,157 4,054 Revolver, net $ 197,843 $ 180,946 Revolving Credit Facility Obligations under our $400,000 senior secured revolving credit facility with certain lenders and PNC Bank N.A, as administrative agent, are guaranteed by our subsidiaries and are secured by substantially all of our and our subsidiaries’ assets pursuant to a security agreement and various mortgages. CONSOL Energy is not a guarantor of our obligations under our revolving credit facility. The unused portion of our revolving credit facility will be subject to a commitment fee of 0.50% per annum. Interest on outstanding indebtedness under our revolving credit facility accrues, at our option, at a rate based on either: • The highest of (i) PNC Bank N.A.’s prime rate, (ii) the federal funds open rate plus 0.50% , and (iii) the one-month LIBOR rate plus 1.0%, in each case, plus a margin ranging from 1.50% to 2.50% depending on the total leverage ratio; or • the LIBOR rate plus a margin ranging from 2.50% to 3.50% depending on the total leverage ratio. As of December 31, 2016 , the revolving credit facility had $201,000 of borrowings outstanding, leaving $199,000 of unused capacity. At December 31, 2015 , the revolving credit facility had $185,000 of borrowings outstanding, leaving $215,000 unused capacity. Interest on outstanding borrowings under the revolving credit facility as of December 31, 2016 was accrued at 3.99% based on a LIBOR rate of 0.74% , plus a margin of 3.25% . Interest on outstanding borrowings under the revolving credit facility at December 31, 2015 was 3.17% based on a LIBOR rate of 0.42% , plus a margin of 2.75% . Our revolving credit facility matures on July 7, 2020 and requires compliance with conditions precedent that must be satisfied prior to any borrowing as well as ongoing compliance with certain affirmative and negative covenants. The revolving credit facility requires that the Partnership maintain a minimum interest coverage ratio of at least 3.00 to 1.00, which is calculated as the ratio of trailing 12 months Adjusted EBITDA, as defined in the credit agreement, to cash interest expense of the Partnership, measured quarterly. The Partnership must also maintain a maximum total leverage ratio not greater than 3.50 to 1.00, (or 4.00 to 1.00 for two fiscal quarters after consummation of a material acquisition) which is calculated as the ratio of total consolidated indebtedness to trailing 12 months Adjusted EBITDA, as defined in the credit agreement, measured quarterly. At December 31, 2016 , interest coverage ratio was 9.48 to 1.00 and the maximum total leverage ratio was 2.48 to 1.00 . |
Leases
Leases | 12 Months Ended |
Dec. 31, 2016 | |
Leases [Abstract] | |
Leases | LEASES: We use various leased facilities and equipment in our operations. Future minimum lease payments under capital and operating leases, together with the present value of the net minimum capital lease payments as of December 31, 2016 are as follows: Capital Leases Operating Leases 2017 $ 92 $ 13,276 2018 82 12,291 2019 52 7,477 2020 21 5,272 2021 — 5,053 Thereafter — 5,174 Total minimum lease payments $ 247 $ 48,543 Less amount representing interest 13 Present value of minimum lease payments 234 Less amount due in one year 88 Total Long-Term Capital Lease Obligations $ 146 Rental expense related to operating leases approximated $14,578 , $13,490 and $12,508 during the years ended December 31, 2016 , 2015 and 2014 , respectively. |
Fair Value of Financial Instrum
Fair Value of Financial Instruments | 12 Months Ended |
Dec. 31, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Instruments | FAIR VALUE OF FINANCIAL INSTRUMENTS: The Partnership 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 LIBOR-based discount rates), while unobservable inputs reflect the Partnership'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 2 are based on standard industry income approach models that use significant observable inputs, including LIBOR-based discount rates. 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 Partnership's third party guarantees are the credit risk of the third party and the third party surety bond markets. 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 following methods and assumptions were used to estimate the fair value for which the fair value option was not elected: 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: December 31, 2016 December 31, 2015 Carrying Amount Fair Value Carrying Amount Fair Value Revolver $ 201,000 $ 201,000 $ 185,000 $ 185,000 The Partnership’s debt obligations are valued through reference to the applicable underlying benchmark rate and, as a result, constitute Level 2 fair value measurements. |
Asset Retirement Obligations
Asset Retirement Obligations | 12 Months Ended |
Dec. 31, 2016 | |
Asset Retirement Obligation Disclosure [Abstract] | |
Asset Retirement Obligations | ASSET RETIREMENT OBLIGATIONS: December 31, December 31, Balance at beginning of period $ 10,412 $ 11,389 Accretion expense 727 875 Payments (149 ) (995 ) Revisions in estimated cash flows (1,053 ) (857 ) Balance at end of period $ 9,937 $ 10,412 |
Other Post-Employment Benefit P
Other Post-Employment Benefit Plans | 12 Months Ended |
Dec. 31, 2016 | |
Compensation and Retirement Disclosure [Abstract] | |
Other Post-Employment Benefit Plans | OTHER POST-EMPLOYMENT BENEFIT PLANS: Prior to the IPO, the Partnership was contractually obligated for a portion of the medical and life insurance benefits to retired employees of CONSOL Pennsylvania Coal Company LLC (the “OPEB Plans”). In conjunction with the IPO, on July 7, 2015 the OPEB liability and related accumulated other comprehensive income was retained by CONSOL Energy, and the Partnership has no OPEB obligation as of such date. As of December 31, 2015, there was no benefit obligation or related accumulated other comprehensive income included in the Partnership's financial statements. For the year ended and as of December 31, 2016, there were no amounts included in the Partnership's financial statements. The reconciliation of changes in the benefit obligation, plan assets and funded status of these plans at December 31, 2015, is as follows: Other Postretirement Benefits at December 31, 2015 Change in benefit obligation: Benefit obligation at beginning of period $ 8,524 Service cost — Interest cost 58 Actuarial gain (477 ) Plan amendments (4,713 ) Plan transfer (3,134 ) Participant contributions 43 Benefits and other payments (301 ) Benefit obligation at end of period $ — Change in plan assets: Company contributions $ 258 Participant contributions 43 Benefits and other payments (301 ) Fair value of plan assets at end of period $ — The components of net periodic benefit costs are as follows: Other Postretirement Benefits For the Years Ended December 31, 2015 2014 Service cost $ — $ 927 Interest cost 58 1,760 Amortization of prior service credits (8,703 ) (2,332 ) Recognized net actuarial loss 1,304 801 Curtailment gain — (2,553 ) Net periodic benefit cost $ (7,341 ) $ (1,397 ) OTHER BENEFIT PLANS: Salaried Pension: The Partnership is contractually obligated to fund 25% of the service cost for CPCC employees, which provide mining services to the Partnership, that participate in the CONSOL Energy Salaried Pension Plan. CONSOL Energy has non-contributory defined benefit retirement plans covering substantially all salaried employees through December 31, 2015. Effective December 31, 2015, CONSOL Energy's qualified defined benefit plans have been frozen. The benefits for these plans are based primarily on years of service and employees’ pay. 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 ten years of service as of September 30, 2014. Employees who were age 40 or over and had at least ten years of service would continue in the defined benefit pension plan unchanged. On August 31, 2015, the qualified pension plan was remeasured to reflect another announced plan amendment that reduced future accruals of pension benefits as of January 1, 2016. The plan amendment called for a hard freeze of the qualified defined benefit pension plan on January 1, 2016 for all remaining participants in the plan. The costs of these benefits during the years ended December 31, 2016 , 2015 and 2014 were $884 , $884 and $1,753 , respectively. These costs are reflected in Operating and Other Costs in the Consolidated Statements of Operations. Investment Plan: The Partnership is contractually obligated to fund 25% of CPCC’s portion of CONSOL Energy’s investment plan. CONSOL Energy’s investment plan is available to most employees. CONSOL Energy’s plan includes company matching of 6% of eligible compensation contributed by eligible employees of CPCC. Total payments and costs were $2,014 , $3,195 and $2,719 for the years ended December 31, 2016 , 2015 and 2014 , respectively. These costs are reflected in Operating and Other Costs in the Consolidated Statements of Operations. In conjunction with the qualified pension plan changes, beginning January 1, 2015, CONSOL Energy contributed an additional 3% of eligible compensation into the 401(k) plan accounts for employees hired or rehired on or after October 1, 2014 or who were under age 40 or had less than 10 years of service as of September 30, 2014. This additional contribution was eliminated as of January 1, 2016. The Plan also provides for discretionary contributions ranging from 1% to 6% beginning January 1, 2016 and 1% to 4% for 2015 of eligible compensation for eligible employees (as defined by the Plan). For the year ended December 31, 2016, $2,271 was accrued as a discretionary contribution under this plan and is expected to be paid into employees accounts in the first quarter of 2017. There were no such discretionary contributions made for the years ended December 31, 2015 and 2014, respectively. These costs are reflected in Operating and Other Costs in the Consolidated Statements of Operations and recorded in Other Accrued Liabilities on the Consolidated Balance Sheet. Long-Term Disability: The Partnership is contractually obligated for its portion of a Long-Term Disability Plan available to all eligible full-time salaried employees of CPCC. The benefits for this plan are based on a percentage of monthly earnings, offset by all other income benefits available to the disabled. For the Years Ended December 31, 2016 December 31, 2015 December 31, 2014 Benefit costs $ 120 $ 138 $ 157 Discount rate assumption used to determine net periodic benefit costs 3.71 % 3.18 % 3.53 % Long-Term Disability related liabilities are included in Deferred Credits and Other Liabilities-Other and Other Accrued Liabilities on the Consolidated Balance Sheets and amounted to $330 and $650 at December 31, 2016 and 2015 , respectively. |
Coal Workers' Pneumoconiosis (C
Coal Workers' Pneumoconiosis (CWP) and Workers' Compensation | 12 Months Ended |
Dec. 31, 2016 | |
Compensation and Retirement Disclosure [Abstract] | |
Coal Workers' Pneumoconiosis (CWP) and Workers' Compensation | COAL WORKERS’ PNEUMOCONIOSIS (CWP) AND WORKERS’ COMPENSATION: The Partnership is contractually obligated for our portion of medical and disability benefits to CPCC employees and their dependents resulting from occurrences of coal workers’ pneumoconiosis disease. Conrhein has no current or former employees. The Partnership is also responsible under various state statutes for our portion of pneumoconiosis benefits. The calculation of our portion of the actuarial present value of the estimated pneumoconiosis obligation is based on an annual actuarial study by external actuaries and uses assumptions regarding disability incidence, medical costs, indemnity levels, mortality, death benefits, dependents and interest rates which are derived from actual experience and outside sources. Actuarial gains or losses can result from differences in incident rates and severity of claims filed as compared to original assumptions. The Partnership is also contractually responsible to compensate individuals who sustain employment related physical injuries or some types of occupational diseases and, on some occasions, for our portion of costs of their rehabilitation. Workers’ compensation laws will also compensate survivors of workers who suffer employment related deaths. Workers’ compensation laws are administered by state agencies with each state having its own set of rules and regulations regarding compensation that is owed to an employee that is injured in the course of employment. The Partnership primarily provides for our portion of these claims through a self-insurance program. The Partnership recognizes an actuarial present value for our portion of the estimated workers’ compensation obligation calculated by independent actuaries. The calculation is based on claims filed and an estimate of claims incurred but not yet reported as well as various assumptions. The assumptions include discount rate, future healthcare trend rate, benefit duration and recurrence of injuries. Actuarial gains associated with workers’ compensation have resulted from discount rate changes, several years of favorable claims experience, various favorable state legislation changes and overall lower incident rates than our assumptions. CWP Workers' Compensation December 31, December 31, 2016 2015 2016 2015 Change in benefit obligation: Benefit obligation at beginning of period $ 1,977 $ 1,592 $ 4,291 $ 4,128 State administrative fees and insurance bond premiums — — 207 425 Service cost 803 255 1,299 1,656 Interest cost 72 65 132 146 Actuarial loss (gain) (686 ) 102 9 (82 ) Benefits and fees paid (53 ) (37 ) (1,553 ) (1,982 ) Benefit obligation at end of period $ 2,113 $ 1,977 $ 4,385 $ 4,291 Current assets $ — $ — $ 85 $ 69 Current liabilities (56 ) (43 ) (1,380 ) (1,431 ) Noncurrent liabilities (2,057 ) (1,934 ) (3,090 ) (2,929 ) Net obligation recognized $ (2,113 ) $ (1,977 ) $ (4,385 ) $ (4,291 ) Amounts recognized in accumulated other comprehensive income consist of: Net actuarial gain $ 8,102 $ 7,497 $ 3,394 $ 3,425 Net amount recognized $ 8,102 $ 7,497 $ 3,394 $ 3,425 The components of the net periodic cost are as follows: CWP Workers' Compensation For the Years Ended December 31, For the Years Ended December 31, 2016 2015 2014 2016 2015 2014 Service cost $ 803 $ 255 $ 873 $ 1,299 $ 1,656 $ 1,799 Interest cost 72 65 214 132 146 185 Recognized net actuarial gain (83 ) (71 ) (240 ) (21 ) (1 ) (20 ) State administrative fees and insurance bond premiums — — — 207 425 617 Net periodic benefit cost $ 792 $ 249 $ 847 $ 1,617 $ 2,226 $ 2,581 Amounts that are currently included in accumulated other comprehensive income are $136 and $34 for CWP benefits and workers' compensation benefits, respectively, that are expected to be recognized in 2017 net periodic benefit costs: Assumptions: The weighted-average discount rates used to determine benefit obligations and net periodic cost (benefit) are as follows: CWP Workers' Compensation For the Years Ended For the Years Ended December 31, December 31, 2016 2015 2014 2016 2015 2014 Benefit obligations 4.40 % 4.60 % 4.21 % 4.05 % 4.26 % 3.84 % Net periodic cost (benefit) 4.60 % 4.21 % 4.75 % 4.26 % 3.84 % 4.57 % Assumed discount rates have a significant effect on the amounts reported for both CWP benefits and Workers’ Compensation costs. A one-quarter percentage point change in assumed discount rate would have the following effect on benefit costs: 0.25 Percentage Point Increase 0.25 Percentage Point Decrease CWP costs (decrease) increase $ (87 ) $ 92 Workers' compensation costs (decrease) increase $ (10 ) $ 10 Cash Flows: The Partnership does not intend to make contributions to the CWP or Workers’ Compensation plans in 2017. We intend to pay benefit claims as they become due. The following benefit payments, which reflect expected future claims as appropriate, are expected to be paid: Workers' Compensation CWP Total Actuarial Other Benefits Benefits Benefits Benefits 2017 $ 56 $ 1,487 $ 1,295 $ 192 2018 79 1,507 1,311 196 2019 130 1,546 1,345 201 2020 162 1,604 1,398 206 2021 201 1,650 1,439 211 Year 2022-2026 1,748 9,100 7,961 1,139 |
Other Benefit Plans
Other Benefit Plans | 12 Months Ended |
Dec. 31, 2016 | |
Compensation and Retirement Disclosure [Abstract] | |
Other Benefit Plans | OTHER POST-EMPLOYMENT BENEFIT PLANS: Prior to the IPO, the Partnership was contractually obligated for a portion of the medical and life insurance benefits to retired employees of CONSOL Pennsylvania Coal Company LLC (the “OPEB Plans”). In conjunction with the IPO, on July 7, 2015 the OPEB liability and related accumulated other comprehensive income was retained by CONSOL Energy, and the Partnership has no OPEB obligation as of such date. As of December 31, 2015, there was no benefit obligation or related accumulated other comprehensive income included in the Partnership's financial statements. For the year ended and as of December 31, 2016, there were no amounts included in the Partnership's financial statements. The reconciliation of changes in the benefit obligation, plan assets and funded status of these plans at December 31, 2015, is as follows: Other Postretirement Benefits at December 31, 2015 Change in benefit obligation: Benefit obligation at beginning of period $ 8,524 Service cost — Interest cost 58 Actuarial gain (477 ) Plan amendments (4,713 ) Plan transfer (3,134 ) Participant contributions 43 Benefits and other payments (301 ) Benefit obligation at end of period $ — Change in plan assets: Company contributions $ 258 Participant contributions 43 Benefits and other payments (301 ) Fair value of plan assets at end of period $ — The components of net periodic benefit costs are as follows: Other Postretirement Benefits For the Years Ended December 31, 2015 2014 Service cost $ — $ 927 Interest cost 58 1,760 Amortization of prior service credits (8,703 ) (2,332 ) Recognized net actuarial loss 1,304 801 Curtailment gain — (2,553 ) Net periodic benefit cost $ (7,341 ) $ (1,397 ) OTHER BENEFIT PLANS: Salaried Pension: The Partnership is contractually obligated to fund 25% of the service cost for CPCC employees, which provide mining services to the Partnership, that participate in the CONSOL Energy Salaried Pension Plan. CONSOL Energy has non-contributory defined benefit retirement plans covering substantially all salaried employees through December 31, 2015. Effective December 31, 2015, CONSOL Energy's qualified defined benefit plans have been frozen. The benefits for these plans are based primarily on years of service and employees’ pay. 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 ten years of service as of September 30, 2014. Employees who were age 40 or over and had at least ten years of service would continue in the defined benefit pension plan unchanged. On August 31, 2015, the qualified pension plan was remeasured to reflect another announced plan amendment that reduced future accruals of pension benefits as of January 1, 2016. The plan amendment called for a hard freeze of the qualified defined benefit pension plan on January 1, 2016 for all remaining participants in the plan. The costs of these benefits during the years ended December 31, 2016 , 2015 and 2014 were $884 , $884 and $1,753 , respectively. These costs are reflected in Operating and Other Costs in the Consolidated Statements of Operations. Investment Plan: The Partnership is contractually obligated to fund 25% of CPCC’s portion of CONSOL Energy’s investment plan. CONSOL Energy’s investment plan is available to most employees. CONSOL Energy’s plan includes company matching of 6% of eligible compensation contributed by eligible employees of CPCC. Total payments and costs were $2,014 , $3,195 and $2,719 for the years ended December 31, 2016 , 2015 and 2014 , respectively. These costs are reflected in Operating and Other Costs in the Consolidated Statements of Operations. In conjunction with the qualified pension plan changes, beginning January 1, 2015, CONSOL Energy contributed an additional 3% of eligible compensation into the 401(k) plan accounts for employees hired or rehired on or after October 1, 2014 or who were under age 40 or had less than 10 years of service as of September 30, 2014. This additional contribution was eliminated as of January 1, 2016. The Plan also provides for discretionary contributions ranging from 1% to 6% beginning January 1, 2016 and 1% to 4% for 2015 of eligible compensation for eligible employees (as defined by the Plan). For the year ended December 31, 2016, $2,271 was accrued as a discretionary contribution under this plan and is expected to be paid into employees accounts in the first quarter of 2017. There were no such discretionary contributions made for the years ended December 31, 2015 and 2014, respectively. These costs are reflected in Operating and Other Costs in the Consolidated Statements of Operations and recorded in Other Accrued Liabilities on the Consolidated Balance Sheet. Long-Term Disability: The Partnership is contractually obligated for its portion of a Long-Term Disability Plan available to all eligible full-time salaried employees of CPCC. The benefits for this plan are based on a percentage of monthly earnings, offset by all other income benefits available to the disabled. For the Years Ended December 31, 2016 December 31, 2015 December 31, 2014 Benefit costs $ 120 $ 138 $ 157 Discount rate assumption used to determine net periodic benefit costs 3.71 % 3.18 % 3.53 % Long-Term Disability related liabilities are included in Deferred Credits and Other Liabilities-Other and Other Accrued Liabilities on the Consolidated Balance Sheets and amounted to $330 and $650 at December 31, 2016 and 2015 , respectively. |
Supplemental Cash Flow Informat
Supplemental Cash Flow Information | 12 Months Ended |
Dec. 31, 2016 | |
Supplemental Cash Flow Elements [Abstract] | |
Supplemental Cash Flow Information | SUPPLEMENTAL CASH FLOW INFORMATION: As of December 31, 2016 , 2015 and 2014 , the Partnership purchased goods and services related to capital projects in the amount of $759 , $1,282 and $568 , respectively, that are included in accounts payable. The Partnership obtains capital lease arrangements for company-used vehicles. For the years ended December 31, 2016 , 2015 and 2014 , the Partnership entered into non-cash capital lease arrangements of $127 , $139 and $43 , respectively. For the years ended December 31, 2016 , 2015 and 2014 , the Partnership paid interest expense, net of capitalized interest, of $7,734 , $8,520 and $8,686 , respectively. The following are non-cash transactions that impact the operating, investing and financing activities of the Partnership. Prior to IPO, • The CFI Loan was retained by CONSOL Energy and considered a deemed contribution in the amount of $229,495 . • CONSOL Energy contributed stream credit assets to the Partnership in the amount of $8,131 . • OPEB liabilities were retained by CONSOL Energy and treated as a deemed contribution in the amount of $3,134 . • As of December 31, 2015 and 2014 , there were capital equipment contributions of $21,945 and $5,324 , respectively, between the Partnership and CONSOL Energy that are included in equity. |
Concentration of Credit Risk
Concentration of Credit Risk | 12 Months Ended |
Dec. 31, 2016 | |
Risks and Uncertainties [Abstract] | |
Concentration of Credit Risk | CONCENTRATION OF CREDIT RISK: The Partnership primarily markets thermal coal principally to electric utilities in the eastern United States. Revenues generated from end users based in the United States were 84% , 81% , and 87% , for the years ended December 31, 2016, 2015, and 2014 respectfully. The remaining revenues for those periods were generated from sales in which our coal was ultimately delivered into the global markets, predominately Asia and Europe, of which none was individually significant. For the year ended December 31, 2016 , coal sales to the following customers individually exceeded 10% of our revenues: Duke Energy and GenOn Energy Management. For the year ended December 31, 2015 , coal sales to the following customers individually exceeded 10% of our revenues: Duke Energy, GenOn Energy Management and XCoal Energy & Resources For the year ended December 31, 2014 , coal sales to the following customers individually exceeded 10% of our revenues: Duke Energy and GenOn Energy Management. |
Commitments and Contingent Liab
Commitments and Contingent Liabilities | 12 Months Ended |
Dec. 31, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingent Liabilities | COMMITMENTS AND CONTINGENT LIABILITIES: The Partnership is 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 the Partnership, and there are no material pending claims that would require disclosure in the financial statements individually or in the aggregate. 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 the Partnership; however, such amounts cannot be reasonably estimated. At December 31, 2016 , the Partnership is contractually obligated to CONSOL Energy for financial guarantees and letters of credit to certain third parties which were issued by CONSOL Energy on behalf of the Partnership. The maximum potential total of future payments that we could be required to make under these instruments is $71,296 . The instruments are comprised of $733 employee-related and other letters of credit expiring in the next three years, $61,154 of environmental surety bonds expiring within the next three years, and $9,409 of employee-related and other surety bonds expiring within the next three years. Employee-related financial guarantees have primarily been provided to support various state workers’ compensation and federal black lung self-insurance programs. Environmental financial guarantees have primarily been provided to support various performance bonds related to reclamation and other environmental issues. Other guarantees have been extended to support insurance policies, legal matters, full and timely payments of mining equipment leases, and various other items necessary in the normal course of business. 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 on the financial statements. The Partnership’s management believes that these guarantees will expire without being funded, and therefore the commitments will not have a material adverse effect on the financial condition of the Partnership. |
Related Party
Related Party | 12 Months Ended |
Dec. 31, 2016 | |
Related Party Transactions [Abstract] | |
Related Party | RELATED PARTY: CONSOL Energy The Consolidated Statements of Operations include expense allocations for certain corporate functions historically performed by CONSOL Energy, including allocations of general corporate expenses related to stock-based compensation, legal, treasury, human resources, information technology and other administrative services. Those allocations were based primarily on specific identification, head counts and coal tons produced. Also, centralized cash management activities for CONSOL Energy were utilized for collections and payments related to normal course of business accounts receivable and payments for goods and services. The balance of receivables/payables from CONSOL Energy and other affiliates are presented as contributions/distributions in these Consolidated Financial Statements. Management believes the assumptions underlying the Consolidated Financial Statements, including the assumptions regarding allocating general corporate expenses from CONSOL Energy are reasonable. Nevertheless, these statements may not include all of the actual expenses that would have been incurred by the Partnership and may not reflect our Consolidated Statements of Operations, Balance Sheets and Cash Flows had we been a stand-alone company during the periods presented. Actual costs that would have been incurred if the Partnership had been a stand-alone company would depend on multiple factors, including organizational structure and strategic decisions made in various areas, including information technology and infrastructure. In conjunction with the IPO, the Partnership entered into several agreements, including an omnibus agreement, with CONSOL Energy. In connection with PA Mining Acquisition described in Note 2, on September 30, 2016, the General Partner and the Partnership entered into the First Amended and Restated Omnibus Agreement (the “ Amended Omnibus Agreement ”) with CONSOL Energy and certain of its subsidiaries. Under the Amended Omnibus Agreement, CONSOL Energy will indemnify the Partnership for certain liabilities, including those relating to: • all tax liabilities attributable to the assets contributed to the Partnership in connection with the PA Mining Acquisition (the “ First Drop Down Assets ”) arising prior to the closing of the PA Mining Acquisition or otherwise related to the Contributing Parties’ contribution of the First Drop Down Assets to the Partnership in connection with the PA Mining Acquisition; and • certain operational and title matters related to the First Drop Down Assets, including the failure to have (i) the ability to operate under any governmental license, permit or approval or (ii) such valid title to the First Drop Down Assets, in each case, that is necessary for the Partnership to own or operate the First Drop Down Assets in substantially the same manner as owned or operated by the Contributing Parties prior to the Acquisition. The Partnership will indemnify CONSOL Energy for certain liabilities relating to the First Drop Down Assets, including those relating to: • the use, ownership or operation of the First Drop Down Assets; and • the Partnership’s operation of the First Drop Down Assets under permits and/or bonds, letters of credit, guarantees, deposits and other pre-payments held by CONSOL Energy. The Amended Omnibus Agreement amended the Partnership’s obligations to CONSOL Energy with respect to the payment of an annual administrative support fee and reimbursement for the provision of certain management and operating services provided by CONSOL Energy, in each case to reflect structural changes in how those services are provided to the Partnership by CONSOL Energy. Charges for services from CONSOL Energy include the following: For the Years Ended December 31, 2016 2015 2014 Operating and Other Costs $ 4,251 $ 6,793 $ 6,707 Selling, General and Administrative Expenses 3,826 8,926 11,384 Total Services from CONSOL Energy $ 8,077 $ 15,719 $ 18,091 At December 31, 2016 and December 31, 2015 , the Partnership had a net payable to CONSOL Energy in the amount of $1,666 and $4,310 , respectively. This payable includes reimbursements for business expenses, executive fees, stock-based compensation and other items under the omnibus agreement. Purchases of supply inventory from Fairmont Supply Company, formerly a wholly-owned subsidiary of CONSOL Energy, were approximately $10,850 for the year ended December 31, 2014 and are included in Operating and Other Costs in the accompanying Consolidated Statements of Operations. On December 12, 2014, Fairmont Supply was sold by CONSOL Energy and is no longer a related party of CONSOL Energy or the Partnership. CFI Loan CPCC had several related party long-term notes with CONSOL Financial Inc. ("CFI"), a wholly owned subsidiary of CONSOL Energy, pursuant to which CPCC was the obligor. The loan represented multiple 10 -year term notes between CPCC and CFI at the applicable federal funds rates in effect upon execution, which were due at various future dates throughout the year. In conjunction with the IPO, these notes were excluded from the Partnership's liabilities. Payments for these notes were $10,951 and $2,311 for the years ended December 31, 2015 and 2014 , respectively. Proceeds from additional notes were $16,991 and $14,214 for the years ended December 31, 2015 and 2014 , respectively. Interest Expense related to these notes was $6,050 and $11,918 for the years ended December 31, 2015 and 2014 , respectively. These costs are included in Interest Expense in the accompanying Consolidated Statements of Operations. |
Long-Term Incentive Plan
Long-Term Incentive Plan | 12 Months Ended |
Dec. 31, 2016 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Long-Term Incentive Plan | LONG-TERM INCENTIVE PLAN: Under the CNX Coal Resources LP 2015 Long-Term Incentive Plan (the “LTIP”), our general partner may issue long-term equity based awards to directors, officers and employees of our general partner or its affiliates, or to any consultants, affiliates of our general partner or other individuals who perform services for us. These awards are intended to compensate the recipients thereof based on the performance of our common units and their continued service during the vesting period, as well as to align their long-term interests with those of our unitholders. We are responsible for the cost of awards granted under the LTIP and all determinations with respect to awards to be made under the LTIP will be made by the board of directors of our general partner or any committee thereof that may be established for such purpose or by any delegate of the board of directors or such committee, subject to applicable law, which we refer to as the plan administrator. The LTIP limits the number of units that may be delivered pursuant to vested awards to 2,300,000 common units, subject to proportionate adjustment in the event of unit splits and similar events. Common units subject to awards that are canceled, forfeited, withheld to satisfy exercise prices or tax withholding obligations or otherwise terminated without delivery of the common units will be available for delivery pursuant to other awards. The Partner ship's general partner has granted equity-based phantom units that vest over a period of a director's continued service with the Partnership. The phantom units will be paid in common units or an amount of cash equal to the fair market value of a unit based on the vesting date. The awards may accelerate upon a change in control of the Partnership. Compensation expense is recognized on a straight-line basis over the requisite service period, which is generally the vesting term. The Partnership recognized $1,185 and $40 of compensation expense for the years ended December 31, 2016 and 2015 , respectively, which is included in Selling, General and Administrative Expense in the Consolidated Statements of Operations. As of December 31, 2016 , there is $1,892 of unearned compensation that will vest over a weighted average period of 2 years. The following represents the nonvested phantom units and their corresponding weighted average grant date fair value: Number of Units Weighted Average Grant Date Fair Value per Unit Nonvested at December 31, 2015 6,456 $ 14.39 Granted 392,688 $ 7.90 Vested (7,389 ) $ 13.51 Forfeited (9,821 ) $ 7.90 Nonvested at December 31, 2016 381,934 $ 7.90 |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2016 | |
Subsequent Events [Abstract] | |
Subsequent Events | SUBSEQUENT EVENTS: On January 30, 2017 , the Board of Directors of our general partner declared a cash distribution to the Partnership's unitholders for the fourth quarter of 2016 of $0.5125 per common and sub ordinated unit and $ 0.4678 per class A preferred unit. The cash distribution will be paid on February 15, 2017 to the unitholders of record at the close of business on February 9, 2017. |
Supplemental Quarterly Informat
Supplemental Quarterly Information (Unaudited) | 12 Months Ended |
Dec. 31, 2016 | |
Quarterly Financial Information Disclosure [Abstract] | |
Supplemental Quarterly Information (Unaudited) | SUPPLEMENTAL QUARTERLY INFORMATION (UNAUDITED): Three Months Ended March 31, 2016 June 30, 2016 September 30, 2016 December 31, 2016 Coal Sales $ 56,541 $ 62,640 $ 66,922 $ 80,292 Freight Revenue 3,269 2,797 2,407 3,130 Other Income (11 ) 1,780 485 865 Total Revenue 59,799 67,217 69,814 84,287 Operating and Other Costs 38,491 46,044 45,531 52,935 Depreciation, Depletion and Amortization 10,317 10,423 10,592 10,662 Freight Expense 3,269 2,797 2,407 3,130 Selling, General and Administrative Expenses 1,928 1,970 2,660 3,391 Interest Expense 1,978 2,076 2,223 2,442 Total Expense 55,983 63,310 63,413 72,560 Net Income $ 3,816 $ 3,907 $ 6,401 $ 11,727 Net Income per Limited Partner Unit Basic $ 0.11 $ 0.11 $ 0.21 $ 0.41 Diluted $ 0.10 $ 0.11 $ 0.21 $ 0.41 Three Months Ended March 31, 2015 June 30, 2015 September 30, 2015 December 31, 2015 Coal Sales $ 96,109 $ 79,749 $ 80,793 $ 65,610 Freight Revenue 592 677 302 2,238 Other Income 289 181 343 128 Total Revenue 96,990 80,607 81,438 67,976 Operating and Other Costs 57,643 49,075 46,936 40,307 Depreciation, Depletion and Amortization 11,436 11,833 10,788 10,079 Freight Expense 592 677 302 2,238 Selling, General and Administrative Expenses 2,657 3,640 2,616 2,018 Interest Expense 2,976 2,910 1,872 1,878 Total Expense 75,304 68,135 62,514 56,520 Net Income $ 21,686 $ 12,472 $ 18,924 $ 11,456 Net Income per Limited Partner Unit Basic * * $ 0.62 $ 0.37 Diluted * * $ 0.62 $ 0.37 * Net income per limited partner unit was not applicable for the period presented. |
Supplemental Coal Data (Unaudit
Supplemental Coal Data (Unaudited) | 12 Months Ended |
Dec. 31, 2016 | |
Extractive Industries [Abstract] | |
Supplemental Coal Data (Unaudited) | SUPPLEMENTAL COAL DATA (UNAUDITED): Thousands of Tons For the Year Ended December 31, 2016 2015 2014 Proven and probable reserves at beginning of period 197,844 196,408 156,332 Purchased reserves — 5,850 1 Production (6,166 ) (5,698 ) (6,516 ) Revisions and other changes — 1,284 46,591 Consolidated proven and probable reserves at end of period* 191,678 197,844 196,408 * Proven and probable coal reserves are the equivalent of “demonstrated reserves” under the coal resource classification system of the U.S. Geological Survey. Generally, these reserves would be commercially mineable at year-end prices and cost levels, using current technology and mining practices. Our coal reserves are located in southwestern Pennsylvania and the northern panhandle of West Virginia. At December 31, 2016 , 191,678 tons of proven and probable reserves were assigned and/or accessible to our three active mines (Enlow Fork, Bailey and Harvey Mines). Of the 2016 total reserves, Enlow Fork Mine equates to 76,629 tons, Bailey Mine to 64,921 tons and Harvey Mine to 50,128 tons. On average, the reserves have a sulfur content equivalent of approximately 3.7 lbs SO 2 /MMBTU, in which Enlow Fork Mine equates to 3.5 lbs SO 2 /MMBTU, Bailey Mine to 4.1 lbs SO 2 /MMBTU and Harvey Mine to 3.4 lbs SO 2 /MMBTU. The estimates of our proven and probable reserves are calculated internally using the face positions of the Pennsylvania Mining Complex’s longwall mines as of December 31, 2016 . The December 31, 2016 reserve calculations were computed using consistent techniques and assumptions as in prior years. |
Significant Accounting Polici32
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Basis of Presentation | For the years ended December 31, 2016 and 2015 , the Consolidated Financial Statements include the accounts of CNX Operating and CNX Thermal Holdings, wholly-owned and controlled subsidiaries. For the year ended December 31, 2014 , these audited Consolidated Financial Statements were prepared from separate records maintained by CONSOL Energy, CPCC and Conrhein and may not necessarily be indicative of the conditions that would have existed, or the results of operations, if CPCC and Conrhein had been operated as unaffiliated entities. These Audited Consolidated Financial Statements represent the combination of two separate legal entities wholly owned by CONSOL Energy, the net assets of the Partnership have been presented as a Parent Net Investment. Parent Net Investment is primarily comprised of the Partnership’s undivided interest in (i) CONSOL Energy’s initial investment in CPCC and Conrhein (and any subsequent adjustments thereto); (ii) the accumulated net earnings; (iii) net transfers to or from CONSOL Energy, including those related to cash management functions performed by CONSOL Energy; (iv) non-cash changes in financing arrangements, including the conversion of certain related party liabilities into Parent Net Investment; and (v) corporate cost allocations. Transactions between the Partnership and CONSOL Energy or CONSOL Energy’s other subsidiaries have been identified in the financial statements as transactions between related parties |
Use of Estimates | The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, as well as various disclosures. Actual results could differ from those estimates. The most significant estimates included in the preparation of the consolidated financial statements are related to coal workers’ pneumoconiosis, workers’ compensation, asset retirement obligations, contingencies, and coal reserve values. |
Cash | Cash includes cash on hand and on deposit with banking institutions. |
Accounts Receivable | Accounts receivable are recorded at the invoiced amount and do not bear interest. We reserve for specific accounts receivable when it is probable that all or a part of an outstanding balance will not be collected, such as customer bankruptcies. Collectability is determined based on terms of sale, credit status of customers and various other circumstances. We regularly review collectability and establish or adjust the allowance as necessary using the specific identification method. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. |
Inventories | 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, depreciation, depletion and amortization, operating overhead and other related costs. The cost of supplies inventory is determined by the average cost method and includes operating and maintenance supplies to be used in our coal operations. |
Property, Plant and Equipment | Property, plant and equipment is recorded at cost upon acquisition. Expenditures which extend the useful lives of existing plant and equipment are capitalized. Interest costs applicable to major asset additions are capitalized during the construction period. Costs of additional mine facilities required to maintain production after a mine reaches the production stage, generally referred to as “receding face costs,” are expensed as incurred; however, the costs of additional airshafts and new portals are capitalized. Planned major maintenance costs which do not extend the useful lives of existing plant and equipment are expensed as incurred. Coal exploration costs are expensed as incurred. Coal exploration costs include those incurred to ascertain existence, location, extent or quality of ore or minerals before beginning the development stage of the mine. Costs of developing new underground mines and certain underground expansion projects are capitalized. Underground development costs, which are costs incurred to make the mineral physically accessible, include costs to prepare property for shafts, driving main entries for ventilation, haulage, personnel, construction of airshafts, roof protection and other facilities. Airshafts and capitalized mine development associated with a coal reserve are amortized on a units-of production basis as the coal is produced so that each ton of coal is assigned a portion of the unamortized costs. We employ this method to match costs with the related revenues realized in a particular period. Rates are updated when revisions to coal reserve estimates are made. Coal reserve estimates are reviewed when information becomes available that indicates a reserve change is needed, or at a minimum once a year. Any material effect from changes in estimates is disclosed in the period the change occurs. Amortization of development cost begins when the development phase is complete and the production phase begins. At an underground mine, the end of the development phase and the beginning of the production phase takes place when construction of the mine for economic extraction is substantially complete. Coal extracted during the development phase is incidental to the mine’s production capacity and is not considered to shift the mine into the production phase. Coal reserves are either owned in fee or controlled by lease. The duration of the leases vary; however, the lease terms generally are extended automatically to the exhaustion of economically recoverable reserves, as long as active mining continues. Coal interests held by lease provide the same rights as fee ownership for mineral extraction and are legally considered real property interests. Advance mining royalties are advance payments made to lessors under terms of mineral lease agreements that are recoupable against future production using the units-of-production method. Depletion of leased coal interests is computed using the units-of-production method over proven and probable coal reserves. Advance mining royalties and leased coal interests are evaluated periodically, or at a minimum once a year, for impairment issues or whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Any revisions are accounted for prospectively as changes in accounting estimates. When properties are retired or otherwise disposed, the related cost and accumulated depreciation are removed from the respective accounts and any profit or loss on disposition is recognized in Gain (Loss) on Sale of Assets in the Consolidated Statements of Operations. |
Impairment of Long-lived Assets | Impairment of long-lived assets is recorded when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying value. The carrying value of the assets is then reduced to its estimated fair value which is usually measured based on an estimate of future discounted cash flows. |
Pension | The personnel who operate CPCC and Conrhein’s assets are employees of CPCC and participate in certain defined benefit retirement plans administered by CONSOL Energy through December 31, 2015. Effective December 31, 2015, CONSOL Energy's qualified defined benefit retirement plans were frozen. CONSOL Energy directly charges the Partnership for its portion of the service costs associated with these employees that participate in the salary retirement pension plans. The Partnership’s share of those costs is reflected in Operating and Other Costs in the accompanying Consolidated Statements of Operations. 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 ten years of service as of September 30, 2014. Employees who were age 40 or over and had at least 10 years of service would continue in the defined benefit pension plan unchanged. On August 31, 2015, the qualified pension plan was remeasured to reflect another announced plan amendment that reduced future accruals of pension benefits as of January 1, 2016. The plan amendment called for a hard freeze of the qualified defined benefit pension plan on January 1, 2016 for all remaining participants in the plan and eliminated CONSOL Energy contributing an additional 3% of eligible compensation into the 401(k) accounts. |
Postretirement Benefits Other Than Pensions | |
Pneumoconiosis Benefits and Workers' Compensation | The Partnership is required by federal and state statutes to provide our portion of benefits to certain current and former totally disabled employees or their dependents for awards related to coal workers’ pneumoconiosis (“CWP”). The Partnership is also required by various state statutes to provide our portion of workers’ compensation benefits for employees who sustain employment related physical injuries or some types of occupational disease. Workers’ compensation benefits include compensation for their disability, medical costs, and on some occasions, the cost of rehabilitation. The provisions for our portion of estimated benefits are determined on an actuarial basis for the Partnership’s dedicated contract labor provided under a service agreement with CONSOL Energy. |
Asset Retirement Obligations | Mine closing reclamation costs, perpetual water care costs and other costs associated with dismantling and removing facilities are accrued using the accounting treatment prescribed by the Asset Retirement and Environmental Obligations Topic of the FASB Accounting Standards Codification. This topic requires the fair value of an asset retirement obligation be recognized in the period in which it is incurred if a reasonable estimate of fair value can be made. The present value of the estimated asset retirement costs is capitalized as part of the carrying amount of the long-lived asset. Depreciation of the capitalized asset retirement cost is generally determined on a units-of-production basis. Accretion of the asset retirement obligation is recognized over time and generally will escalate over the life of the producing asset, typically as production declines. Accretion is included in Depreciation, Depletion and Amortization on the Consolidated Statements of Operations. Asset retirement obligations primarily relate to the closure of mines which includes treatment of water and the reclamation of land upon exhaustion of coal reserves. Accrued mine closing costs, perpetual care costs and reclamation costs and other costs of dismantling and removing facilities are regularly reviewed by management and are revised for changes in future estimated costs and regulatory requirements. |
Subsidence | Subsidence occurs when there is damage of the ground surface due to the removal of underlying coal. Areas affected may include, although not limited to, streams, property, roads, pipelines and other land and surface structures. Total estimated subsidence claims are recognized in the period when the related coal has been extracted and are included in Operating and Other Costs on the Consolidated Statements of Operations and Other Accrued Liabilities on the Consolidated Balance Sheets. On occasion we prepay the estimated damages prior to undermining the property, in return for release of liability. Prepayments are included as assets and either recognized as Prepaid Expenses or in Other Assets on the Consolidated Balance Sheets, if the payment is made less than or greater than one year, respectively, prior to undermining the property. |
Income Taxes | The Partnership's assets and liabilities are comprised of a 25% undivided interest in the Pennsylvania Mining Complex which assets and liabilities are held by CPCC and Conrhein. The Partnership does not share in the separate income tax consequences attributable to the owners of CPCC and Conrhein. Accordingly, no provision for federal or state income taxes has been recorded. As of December 31, 2016 and 2015 , the Partnership had no liability reported for unrecognized tax benefits and had not incurred interest and penalties related to income taxes. The Partnership’s operations are treated as a partnership for federal and state income tax purposes, with each partner being separately taxed on its share of taxable income. Therefore, the Partnership has excluded income taxes from these financial statements. |
Revenue Recognition | Revenues are recognized when title passes to the customers. For domestic coal sales, this generally occurs when coal is loaded at the mine preparation facility. For export coal sales, revenue recognition generally occurs when coal is loaded onto marine vessels at terminal locations. |
Freight Revenue and Expense | Shipping and handling costs invoiced to coal customers and paid to third-party carriers are recorded as Freight Revenue and Freight Expense, respectively. |
Royalty Recognition | Royalty expenses for coal rights are included in Royalties and Production Taxes on the Consolidated Statements of Operations when the related revenue for the coal sale is recognized. |
Contingencies | The Partnership, from time to time, is 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. Liabilities are recorded when it is probable that obligations have been incurred and the amounts can be reasonably estimated. Estimates are developed through consultation with legal counsel involved in the defense and are based upon an analysis of potential results, assuming a combination of litigation and settlement strategies. Legal fees associated with defending these various lawsuits and claims are expensed when incurred. |
Recent Accounting Pronouncements | In July 2015, the FASB issued Update 2015-11 - Inventory (Topic 330): Simplifying the Measurement of Inventory. The Board is issuing this Update as part of its Simplification Initiative. The amendments in this Update do not apply to inventory that is measured using last-in, first-out (LIFO) or the retail inventory method. The amendments apply to all other inventory, which includes inventory that is measured using first-in, first-out (FIFO) or average cost. Topic 330, Inventory, currently requires an entity to measure inventory at the lower of cost or market, where market could be replacement cost, net realizable value, or net realizable value less an approximately normal profit margin. In accordance with this Update, an entity should now measure inventory within the scope of this Update at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. Other than the change in the subsequent measurement guidance from the lower of cost or market to the lower of cost and net realizable value for inventory within the scope of this Update, there are no other substantive changes to the guidance on measurement of inventory. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The amendments in this Update should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. |
Reclassification, Policy [Policy Text Block] | The PA Mining Acquisition was accounted for as a transaction under common control, which resulted in the prior periods being recasted to reflect the as if the Partnership owned 25% of PA Mining Complex for all periods presented. Certain amounts have been reclassified to conform with the current reporting classifications with no effect on previously reported recasted net income or partners' capital. |
Significant Accounting Polici33
Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Property, Plant and Equipment | Depreciation of plant and equipment is calculated on the straight-line method over their estimated useful lives or lease terms generally as follows: Years Buildings and improvements 10 to 45 Machinery and equipment 3 to 25 Leasehold improvements Life of Lease December 31, December 31, Coal and other plant and equipment $ 576,917 $ 571,044 Coal properties and surface lands 121,241 120,912 Airshafts 92,938 87,967 Mine development 81,538 81,538 Coal advance mining royalties 4,056 4,066 Total property, plant and equipment 876,690 865,527 Less: Accumulated depreciation, depletion and amortization 442,178 400,911 Total Net Property, Plant and Equipment $ 434,512 $ 464,616 |
Miscellaneous Other Income (Tab
Miscellaneous Other Income (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Other Income and Expenses [Abstract] | |
Schedule of Other Income | For the Years Ended December 31, 2016 2015 2014 Coal contract buyout $ 1,572 $ — $ 7,500 Purchased coal sales 1,439 — — Right of way sales 31 608 364 Litigation — — 1,069 Gain (loss) on sale of assets (9 ) 61 185 Other 86 272 542 Total Miscellaneous Other Income $ 3,119 $ 941 $ 9,660 |
Interest Expense (Tables)
Interest Expense (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Interest Expense [Abstract] | |
Schedule of Interest Expense Components | For the Years Ended December 31, 2016 2015 2014 Interest on notes - related party $ — $ 6,050 $ 11,918 Revolver interest 9,022 3,928 — Capitalized interest (315 ) (348 ) (3,236 ) Interest on other payables, net 12 6 1 Total Interest Expense $ 8,719 $ 9,636 $ 8,683 |
Inventories (Tables)
Inventories (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Inventory Disclosure [Abstract] | |
Schedule of Inventory | December 31, December 31, Coal $ 1,950 $ 1,165 Supplies 9,541 11,073 Total Inventories $ 11,491 $ 12,238 |
Property, Plant and Equipment (
Property, Plant and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment | Depreciation of plant and equipment is calculated on the straight-line method over their estimated useful lives or lease terms generally as follows: Years Buildings and improvements 10 to 45 Machinery and equipment 3 to 25 Leasehold improvements Life of Lease December 31, December 31, Coal and other plant and equipment $ 576,917 $ 571,044 Coal properties and surface lands 121,241 120,912 Airshafts 92,938 87,967 Mine development 81,538 81,538 Coal advance mining royalties 4,056 4,066 Total property, plant and equipment 876,690 865,527 Less: Accumulated depreciation, depletion and amortization 442,178 400,911 Total Net Property, Plant and Equipment $ 434,512 $ 464,616 |
Other Accrued Liabilities (Tabl
Other Accrued Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Payables and Accruals [Abstract] | |
Schedule of Accrued Liabilities | December 31, December 31, 2015 Subsidence liability $ 26,887 $ 22,403 Accrued payroll and benefits 4,052 3,552 Litigation 2,507 2,138 Accrued other taxes 2,504 807 Equipment lease rental 2,442 2,442 Other 3,683 2,287 Current portion of long-term liabilities: Workers' compensation 1,380 1,431 Asset retirement obligations 591 1,913 Long-term disability 128 204 Capital leases 88 61 Pneumoconiosis benefits 56 43 Total Other Accrued Liabilities $ 44,318 $ 37,281 |
Debt (Tables)
Debt (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Debt Disclosure [Abstract] | |
Schedule of Long-term Debt Instruments | December 31, December 31, Revolver, carrying amount $ 201,000 $ 185,000 Less: Debt issuance and financing fees 3,157 4,054 Revolver, net $ 197,843 $ 180,946 |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Leases [Abstract] | |
Schedule of Future Minimum Lease Payments for Capital Leases | Future minimum lease payments under capital and operating leases, together with the present value of the net minimum capital lease payments as of December 31, 2016 are as follows: Capital Leases Operating Leases 2017 $ 92 $ 13,276 2018 82 12,291 2019 52 7,477 2020 21 5,272 2021 — 5,053 Thereafter — 5,174 Total minimum lease payments $ 247 $ 48,543 Less amount representing interest 13 Present value of minimum lease payments 234 Less amount due in one year 88 Total Long-Term Capital Lease Obligations $ 146 |
Schedule of Future Minimum Rental Payments for Operating Leases | Future minimum lease payments under capital and operating leases, together with the present value of the net minimum capital lease payments as of December 31, 2016 are as follows: Capital Leases Operating Leases 2017 $ 92 $ 13,276 2018 82 12,291 2019 52 7,477 2020 21 5,272 2021 — 5,053 Thereafter — 5,174 Total minimum lease payments $ 247 $ 48,543 Less amount representing interest 13 Present value of minimum lease payments 234 Less amount due in one year 88 Total Long-Term Capital Lease Obligations $ 146 |
Fair Value of Financial Instr41
Fair Value of Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Fair Value Disclosures [Abstract] | |
Schedule of Fair Value of Financial Instruments | The carrying amounts and fair values of financial instruments for which the fair value option was not elected are as follows: December 31, 2016 December 31, 2015 Carrying Amount Fair Value Carrying Amount Fair Value Revolver $ 201,000 $ 201,000 $ 185,000 $ 185,000 |
Asset Retirement Obligations (T
Asset Retirement Obligations (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Asset Retirement Obligation Disclosure [Abstract] | |
Schedule of Change in Asset Retirement Obligations | December 31, December 31, Balance at beginning of period $ 10,412 $ 11,389 Accretion expense 727 875 Payments (149 ) (995 ) Revisions in estimated cash flows (1,053 ) (857 ) Balance at end of period $ 9,937 $ 10,412 |
Other Post-Employment Benefit43
Other Post-Employment Benefit Plans (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Defined Benefit Plan Disclosure [Line Items] | |
Schedule of Defined Benefit Plans Disclosures | For the Years Ended December 31, 2016 December 31, 2015 December 31, 2014 Benefit costs $ 120 $ 138 $ 157 Discount rate assumption used to determine net periodic benefit costs 3.71 % 3.18 % 3.53 % |
Other Postretirement Benefit Plan | |
Defined Benefit Plan Disclosure [Line Items] | |
Schedule of Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan | The reconciliation of changes in the benefit obligation, plan assets and funded status of these plans at December 31, 2015, is as follows: Other Postretirement Benefits at December 31, 2015 Change in benefit obligation: Benefit obligation at beginning of period $ 8,524 Service cost — Interest cost 58 Actuarial gain (477 ) Plan amendments (4,713 ) Plan transfer (3,134 ) Participant contributions 43 Benefits and other payments (301 ) Benefit obligation at end of period $ — Change in plan assets: Company contributions $ 258 Participant contributions 43 Benefits and other payments (301 ) Fair value of plan assets at end of period $ — |
Schedule of Defined Benefit Plans Disclosures | The components of net periodic benefit costs are as follows: Other Postretirement Benefits For the Years Ended December 31, 2015 2014 Service cost $ — $ 927 Interest cost 58 1,760 Amortization of prior service credits (8,703 ) (2,332 ) Recognized net actuarial loss 1,304 801 Curtailment gain — (2,553 ) Net periodic benefit cost $ (7,341 ) $ (1,397 ) |
Coal Workers' Pneumoconiosis 44
Coal Workers' Pneumoconiosis (CWP) and Workers' Compensation (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Coal Workers Pneumoconiosis | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |
Schedule of Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan | CWP Workers' Compensation December 31, December 31, 2016 2015 2016 2015 Change in benefit obligation: Benefit obligation at beginning of period $ 1,977 $ 1,592 $ 4,291 $ 4,128 State administrative fees and insurance bond premiums — — 207 425 Service cost 803 255 1,299 1,656 Interest cost 72 65 132 146 Actuarial loss (gain) (686 ) 102 9 (82 ) Benefits and fees paid (53 ) (37 ) (1,553 ) (1,982 ) Benefit obligation at end of period $ 2,113 $ 1,977 $ 4,385 $ 4,291 Current assets $ — $ — $ 85 $ 69 Current liabilities (56 ) (43 ) (1,380 ) (1,431 ) Noncurrent liabilities (2,057 ) (1,934 ) (3,090 ) (2,929 ) Net obligation recognized $ (2,113 ) $ (1,977 ) $ (4,385 ) $ (4,291 ) Amounts recognized in accumulated other comprehensive income consist of: Net actuarial gain $ 8,102 $ 7,497 $ 3,394 $ 3,425 Net amount recognized $ 8,102 $ 7,497 $ 3,394 $ 3,425 |
Schedule of Net Benefit Costs | The components of the net periodic cost are as follows: CWP Workers' Compensation For the Years Ended December 31, For the Years Ended December 31, 2016 2015 2014 2016 2015 2014 Service cost $ 803 $ 255 $ 873 $ 1,299 $ 1,656 $ 1,799 Interest cost 72 65 214 132 146 185 Recognized net actuarial gain (83 ) (71 ) (240 ) (21 ) (1 ) (20 ) State administrative fees and insurance bond premiums — — — 207 425 617 Net periodic benefit cost $ 792 $ 249 $ 847 $ 1,617 $ 2,226 $ 2,581 |
Schedule of Assumptions Used | The weighted-average discount rates used to determine benefit obligations and net periodic cost (benefit) are as follows: CWP Workers' Compensation For the Years Ended For the Years Ended December 31, December 31, 2016 2015 2014 2016 2015 2014 Benefit obligations 4.40 % 4.60 % 4.21 % 4.05 % 4.26 % 3.84 % Net periodic cost (benefit) 4.60 % 4.21 % 4.75 % 4.26 % 3.84 % 4.57 % |
Schedule of Effect of One Quarter Percentage-Point Change in Assumed Discount Rates | Assumed discount rates have a significant effect on the amounts reported for both CWP benefits and Workers’ Compensation costs. A one-quarter percentage point change in assumed discount rate would have the following effect on benefit costs: 0.25 Percentage Point Increase 0.25 Percentage Point Decrease CWP costs (decrease) increase $ (87 ) $ 92 Workers' compensation costs (decrease) increase $ (10 ) $ 10 |
Schedule of Expected Benefit Payments | The following benefit payments, which reflect expected future claims as appropriate, are expected to be paid: Workers' Compensation CWP Total Actuarial Other Benefits Benefits Benefits Benefits 2017 $ 56 $ 1,487 $ 1,295 $ 192 2018 79 1,507 1,311 196 2019 130 1,546 1,345 201 2020 162 1,604 1,398 206 2021 201 1,650 1,439 211 Year 2022-2026 1,748 9,100 7,961 1,139 |
Workers Compensation | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |
Schedule of Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan | CWP Workers' Compensation December 31, December 31, 2016 2015 2016 2015 Change in benefit obligation: Benefit obligation at beginning of period $ 1,977 $ 1,592 $ 4,291 $ 4,128 State administrative fees and insurance bond premiums — — 207 425 Service cost 803 255 1,299 1,656 Interest cost 72 65 132 146 Actuarial loss (gain) (686 ) 102 9 (82 ) Benefits and fees paid (53 ) (37 ) (1,553 ) (1,982 ) Benefit obligation at end of period $ 2,113 $ 1,977 $ 4,385 $ 4,291 Current assets $ — $ — $ 85 $ 69 Current liabilities (56 ) (43 ) (1,380 ) (1,431 ) Noncurrent liabilities (2,057 ) (1,934 ) (3,090 ) (2,929 ) Net obligation recognized $ (2,113 ) $ (1,977 ) $ (4,385 ) $ (4,291 ) Amounts recognized in accumulated other comprehensive income consist of: Net actuarial gain $ 8,102 $ 7,497 $ 3,394 $ 3,425 Net amount recognized $ 8,102 $ 7,497 $ 3,394 $ 3,425 |
Schedule of Net Benefit Costs | The components of the net periodic cost are as follows: CWP Workers' Compensation For the Years Ended December 31, For the Years Ended December 31, 2016 2015 2014 2016 2015 2014 Service cost $ 803 $ 255 $ 873 $ 1,299 $ 1,656 $ 1,799 Interest cost 72 65 214 132 146 185 Recognized net actuarial gain (83 ) (71 ) (240 ) (21 ) (1 ) (20 ) State administrative fees and insurance bond premiums — — — 207 425 617 Net periodic benefit cost $ 792 $ 249 $ 847 $ 1,617 $ 2,226 $ 2,581 |
Schedule of Assumptions Used | The weighted-average discount rates used to determine benefit obligations and net periodic cost (benefit) are as follows: CWP Workers' Compensation For the Years Ended For the Years Ended December 31, December 31, 2016 2015 2014 2016 2015 2014 Benefit obligations 4.40 % 4.60 % 4.21 % 4.05 % 4.26 % 3.84 % Net periodic cost (benefit) 4.60 % 4.21 % 4.75 % 4.26 % 3.84 % 4.57 % |
Schedule of Effect of One Quarter Percentage-Point Change in Assumed Discount Rates | Assumed discount rates have a significant effect on the amounts reported for both CWP benefits and Workers’ Compensation costs. A one-quarter percentage point change in assumed discount rate would have the following effect on benefit costs: 0.25 Percentage Point Increase 0.25 Percentage Point Decrease CWP costs (decrease) increase $ (87 ) $ 92 Workers' compensation costs (decrease) increase $ (10 ) $ 10 |
Schedule of Expected Benefit Payments | The following benefit payments, which reflect expected future claims as appropriate, are expected to be paid: Workers' Compensation CWP Total Actuarial Other Benefits Benefits Benefits Benefits 2017 $ 56 $ 1,487 $ 1,295 $ 192 2018 79 1,507 1,311 196 2019 130 1,546 1,345 201 2020 162 1,604 1,398 206 2021 201 1,650 1,439 211 Year 2022-2026 1,748 9,100 7,961 1,139 |
Other Benefit Plans (Tables)
Other Benefit Plans (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Compensation and Retirement Disclosure [Abstract] | |
Schedule of Defined Benefit Plans Disclosures | For the Years Ended December 31, 2016 December 31, 2015 December 31, 2014 Benefit costs $ 120 $ 138 $ 157 Discount rate assumption used to determine net periodic benefit costs 3.71 % 3.18 % 3.53 % |
Related Party (Tables)
Related Party (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Related Party Transactions [Abstract] | |
Schedule of Related Party Transactions | Charges for services from CONSOL Energy include the following: For the Years Ended December 31, 2016 2015 2014 Operating and Other Costs $ 4,251 $ 6,793 $ 6,707 Selling, General and Administrative Expenses 3,826 8,926 11,384 Total Services from CONSOL Energy $ 8,077 $ 15,719 $ 18,091 |
Supplemental Quarterly Inform47
Supplemental Quarterly Information (Unaudited) (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Quarterly Financial Information Disclosure [Abstract] | |
Schedule of Quarterly Financial Information | Three Months Ended March 31, 2016 June 30, 2016 September 30, 2016 December 31, 2016 Coal Sales $ 56,541 $ 62,640 $ 66,922 $ 80,292 Freight Revenue 3,269 2,797 2,407 3,130 Other Income (11 ) 1,780 485 865 Total Revenue 59,799 67,217 69,814 84,287 Operating and Other Costs 38,491 46,044 45,531 52,935 Depreciation, Depletion and Amortization 10,317 10,423 10,592 10,662 Freight Expense 3,269 2,797 2,407 3,130 Selling, General and Administrative Expenses 1,928 1,970 2,660 3,391 Interest Expense 1,978 2,076 2,223 2,442 Total Expense 55,983 63,310 63,413 72,560 Net Income $ 3,816 $ 3,907 $ 6,401 $ 11,727 Net Income per Limited Partner Unit Basic $ 0.11 $ 0.11 $ 0.21 $ 0.41 Diluted $ 0.10 $ 0.11 $ 0.21 $ 0.41 Three Months Ended March 31, 2015 June 30, 2015 September 30, 2015 December 31, 2015 Coal Sales $ 96,109 $ 79,749 $ 80,793 $ 65,610 Freight Revenue 592 677 302 2,238 Other Income 289 181 343 128 Total Revenue 96,990 80,607 81,438 67,976 Operating and Other Costs 57,643 49,075 46,936 40,307 Depreciation, Depletion and Amortization 11,436 11,833 10,788 10,079 Freight Expense 592 677 302 2,238 Selling, General and Administrative Expenses 2,657 3,640 2,616 2,018 Interest Expense 2,976 2,910 1,872 1,878 Total Expense 75,304 68,135 62,514 56,520 Net Income $ 21,686 $ 12,472 $ 18,924 $ 11,456 Net Income per Limited Partner Unit Basic * * $ 0.62 $ 0.37 Diluted * * $ 0.62 $ 0.37 |
Supplemental Coal Data (Unaud48
Supplemental Coal Data (Unaudited) (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Extractive Industries [Abstract] | |
Schedule of Proved Developed and Undeveloped Coal Reserve Quantities | Thousands of Tons For the Year Ended December 31, 2016 2015 2014 Proven and probable reserves at beginning of period 197,844 196,408 156,332 Purchased reserves — 5,850 1 Production (6,166 ) (5,698 ) (6,516 ) Revisions and other changes — 1,284 46,591 Consolidated proven and probable reserves at end of period* 191,678 197,844 196,408 * Proven and probable coal reserves are the equivalent of “demonstrated reserves” under the coal resource classification system of the U.S. Geological Survey. Generally, these reserves would be commercially mineable at year-end prices and cost levels, using current technology and mining practices. |
Significant Accounting Polici49
Significant Accounting Policies - Narrative (Details) | 12 Months Ended |
Dec. 31, 2016entity | |
Related Party Transaction [Line Items] | |
Number of legal entities combined in financial statements | 2 |
Buildings and improvements | Minimum | |
Related Party Transaction [Line Items] | |
Useful life | 10 years |
Buildings and improvements | Maximum | |
Related Party Transaction [Line Items] | |
Useful life | 45 years |
Machinery and equipment | Minimum | |
Related Party Transaction [Line Items] | |
Useful life | 3 years |
Machinery and equipment | Maximum | |
Related Party Transaction [Line Items] | |
Useful life | 25 years |
CONSOL Energy | |
Related Party Transaction [Line Items] | |
Equity interest to be transferred | 25.00% |
CONSOL Pennsylvania Coal Company LLC | CONSOL Pennsylvania Coal Company LLC | Pension Plan | |
Related Party Transaction [Line Items] | |
Threshold age for hard freeze on benefit plan | 40 years |
Threshold years of service for hard freeze on benefit plan | 10 years |
CONSOL Pennsylvania Coal Company LLC | CONSOL Energy Salaried Pension Plan | |
Related Party Transaction [Line Items] | |
Increase in eligible compensation for funding 401(k) for affected employees | 3.00% |
Significant Accounting Polici50
Significant Accounting Policies - Other Comprehensive Income (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Balance at December 31, 2014 | $ 271,803 | $ 213,283 | $ 149,771 |
OCI, before Reclassifications, Net of Tax, Attributable to Parent | 911 | 902 | 10,669 |
Other comprehensive income | 818 | (1,840) | 41,799 |
Balance at December 31, 2015 | 226,570 | 271,803 | 213,283 |
Former Parent | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Balance at December 31, 2014 | 87,234 | 174,074 | 152,361 |
Balance at December 31, 2015 | $ 0 | $ 87,234 | $ 174,074 |
Initial Public and Concurrent51
Initial Public and Concurrent Private Placement Offering (Details) | Jul. 07, 2015USD ($)$ / sharesshares | Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) |
Capital Unit [Line Items] | ||||
Proceeds from Issuance of Common Units, Net of Offering Costs | $ 0 | $ 148,359,000 | $ 0 | |
Issuance of Common Units to Public, Net of Offering Costs | 148,359,000 | |||
Origination fees | 0 | 4,329,000 | $ 0 | |
Distribution of proceeds | $ 42,634,000 | 11,353,000 | ||
Revolving Credit Facility | Secured Debt | ||||
Capital Unit [Line Items] | ||||
Debt Instrument, Covenant Compliance, Leverage Ratio | 2.48 | |||
Maximum borrowing capacity | $ 400,000,000 | |||
Proceeds from line of credit | 200,000,000 | $ 201,000,000 | ||
Origination fees | 3,000,000 | |||
Net proceeds from credit facility | $ 197,000,000 | |||
General Partner | ||||
Capital Unit [Line Items] | ||||
Distribution of proceeds | $ 971,000 | $ 227,000 | ||
Private Placement | Common Stock | ||||
Capital Unit [Line Items] | ||||
Units issued in private placement | shares | 5,000,000 | |||
Price per share | $ / shares | $ 15 | |||
Proceeds from issuance of units, gross | $ 75,000,000 | |||
IPO | ||||
Capital Unit [Line Items] | ||||
Underwriting discount and structuring fees | 5,500,000 | |||
Offering expenses | 4,052,000 | |||
Proceeds from Issuance of Common Units, Net of Offering Costs | $ 65,448,000 | |||
IPO | Common Stock | ||||
Capital Unit [Line Items] | ||||
Units issued during initial public offering | shares | 5,000,000 | |||
Price per share | $ / shares | $ 15 | |||
Proceeds from issuance of units, gross | $ 75,000,000 | |||
Sale of units, price per share, net of underwriting discount | $ / shares | $ 14.10 | |||
Over-Allotment Option | ||||
Capital Unit [Line Items] | ||||
Option to purchase units, term | 30 days | |||
Option to purchase units, number of units called by options | shares | 750,000 | |||
Option to purchase units, threshold of units sold | shares | 5,000,000 | |||
Over-Allotment Option | Common Stock | ||||
Capital Unit [Line Items] | ||||
Price per share | $ / shares | $ 15 | |||
Sale of units, price per share, net of underwriting discount | $ / shares | $ 14.10 | |||
Sale of units | shares | 561,067 | |||
Issuance of Common Units to Public, Net of Offering Costs | $ 7,911,000 | |||
CONSOL Energy | ||||
Capital Unit [Line Items] | ||||
Issuance of Common Units to Public, Net of Offering Costs | 189,916,000 | |||
Distribution of proceeds | 342,711,000 | |||
Offering and structure costs | 4,352,000 | |||
Cash retained by the Partnership | $ 7,000,000 | |||
CONSOL Energy | Limited Partners | ||||
Capital Unit [Line Items] | ||||
Partnership interest issued | 53.40% | |||
CONSOL Energy | General Partner | ||||
Capital Unit [Line Items] | ||||
Partnership interest issued | 2.00% | |||
CONSOL Energy | Common Stock | Limited Partners | ||||
Capital Unit [Line Items] | ||||
Units issued during initial public offering | shares | 1,050,000 | |||
CONSOL Energy | Subordinated Member Units | Limited Partners | ||||
Capital Unit [Line Items] | ||||
Units issued during initial public offering | shares | 11,611,067 | |||
CONSOL Energy | IPO | ||||
Capital Unit [Line Items] | ||||
Proceeds from Issuance of Common Units, Net of Offering Costs | $ 70,711,000 | |||
CONSOL Energy | Over-Allotment Option | Common Stock | Limited Partners | ||||
Capital Unit [Line Items] | ||||
Units issued upon expiration of underwriters' option | shares | 188,933 | |||
Maximum | Revolving Credit Facility | Secured Debt | ||||
Capital Unit [Line Items] | ||||
Debt Instrument, Covenant Compliance, Leverage Ratio | 3.50 |
Net Income Per Limited Partne52
Net Income Per Limited Partner and General Partner Interest (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2015 | Jul. 06, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Limited Partners' Capital Account [Line Items] | |||||||||||||
Net Income Attributable to General and Limited Partner Ownership Interest in CNX Coal Resources | $ 21,856 | $ 23,356 | |||||||||||
Net Income | $ 11,727 | $ 6,401 | $ 3,907 | $ 3,816 | $ 11,456 | $ 18,924 | $ 12,472 | $ 21,686 | $ 30,404 | $ 34,134 | 25,851 | 64,538 | $ 104,875 |
Net Income (Loss) Attributable Noncontrolling Interest, Prior To Initial Public Offering | 0 | 34,134 | |||||||||||
Less: Net Income Attributable to CONSOL Energy, Pre-IPO and Pre-PA Mining Acquisition | 3,995 | 41,182 | |||||||||||
Net Income (Loss) Attributable Noncontrolling Interest, Prior To Acquisition | 7,048 | ||||||||||||
Less: Net Income Allocable to Preferred Units | 0 | ||||||||||||
Less: Effect of Subordinated Distribution Suspension | (119) | 0 | |||||||||||
Net Income Allocable to Limited Partner Units | 19,487 | 22,888 | |||||||||||
Limited Partner Interest in Net Income | $ 19,606 | $ 22,888 | |||||||||||
Limited Partner Units Outstanding - Basic | 23,225,142 | 23,222,134 | |||||||||||
Limited Partner Units Outstanding - Diluted | 23,402,897 | 23,223,045 | |||||||||||
Net Income per Limited Partner Unit - Diluted | $ 410 | $ 210 | $ 110 | $ 100 | $ 370 | $ 620 | $ 0.83 | $ 0.99 | |||||
Former Parent | |||||||||||||
Limited Partners' Capital Account [Line Items] | |||||||||||||
Net Income | 7,048 | $ 34,134 | $ 3,995 | $ 104,875 | |||||||||
General Partner | |||||||||||||
Limited Partners' Capital Account [Line Items] | |||||||||||||
Net Income | $ 468 | 399 | |||||||||||
Less: General Partner Interest in Net Income | 399 | $ 468 | |||||||||||
Preferred Units, Class [Domain] | |||||||||||||
Limited Partners' Capital Account [Line Items] | |||||||||||||
Less: Net Income Allocable to Preferred Units | 1,851 | ||||||||||||
Common Units | |||||||||||||
Limited Partners' Capital Account [Line Items] | |||||||||||||
Less: Effect of Subordinated Distribution Suspension | 2,917 | 0 | |||||||||||
Net Income Allocable to Limited Partner Units | 12,723 | 11,444 | |||||||||||
Limited Partner Interest in Net Income | $ 9,806 | $ 11,444 | |||||||||||
Limited Partner Units Outstanding - Basic | 11,614,075 | 11,611,067 | |||||||||||
Limited Partner Units Outstanding - Diluted | 11,791,830 | 11,611,978 | |||||||||||
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax | $ 1.10 | $ 0.99 | |||||||||||
Net Income per Limited Partner Unit - Diluted | $ 1.08 | $ 0.99 | |||||||||||
Subordinated Units | |||||||||||||
Limited Partners' Capital Account [Line Items] | |||||||||||||
Less: Effect of Subordinated Distribution Suspension | $ (3,036) | $ 0 | |||||||||||
Net Income Allocable to Limited Partner Units | 6,764 | 11,444 | |||||||||||
Limited Partner Interest in Net Income | $ 9,800 | $ 11,444 | |||||||||||
Limited Partner Units Outstanding - Basic | 11,611,067 | 11,611,067 | |||||||||||
Limited Partner Units Outstanding - Diluted | 11,611,067 | 11,611,067 | |||||||||||
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax | $ 0.58 | $ 0.99 | |||||||||||
Net Income per Limited Partner Unit - Diluted | $ 0.58 | $ 0.99 |
Acquisitions and Dispositions (
Acquisitions and Dispositions (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Sale Leaseback Transaction [Line Items] | |||
Litigation | $ (9) | $ 61 | $ 185 |
Miscellaneous Other Income (Det
Miscellaneous Other Income (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Other Income and Expenses [Abstract] | |||
Coal contract buyout | $ 31 | $ 608 | $ 364 |
Purchased coal sales | 1,572 | 0 | 7,500 |
Purchased Coal Sales | 1,439 | 0 | 0 |
Right of way sales | 0 | 0 | 1,069 |
Litigation | (9) | 61 | 185 |
Other | 86 | 272 | 542 |
Total Miscellaneous Other Income | $ 3,119 | $ 941 | $ 9,660 |
Interest Expense (Details)
Interest Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||||||||
Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | ||
Interest Expense [Abstract] | ||||||||||||
Interest on notes - related party | $ 0 | $ 6,050 | $ 11,918 | |||||||||
Revolver interest | 9,022 | 3,928 | 0 | |||||||||
Capitalized interest | (315) | (348) | (3,236) | |||||||||
Interest on other payables, net | 12 | 6 | 1 | |||||||||
Total Interest Expense | $ 2,442 | $ 2,223 | $ 2,076 | $ 1,978 | $ 1,878 | $ 1,872 | $ 2,910 | $ 2,976 | $ 8,719 | $ 9,636 | $ 8,683 | [1] |
[1] | Related Party of $0, $6,050 and $11,918 for the years ended December 31, 2016, 2015, and 2014, respectively. |
Inventories (Details)
Inventories (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Inventory Disclosure [Abstract] | ||
Coal | $ 1,950 | $ 1,165 |
Supplies | 9,541 | 11,073 |
Total Inventories | $ 11,491 | $ 12,238 |
Property, Plant and Equipment57
Property, Plant and Equipment (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Property, Plant and Equipment [Line Items] | |||
Property, Plant and Equipment | $ 876,690 | $ 865,527 | |
Less: Accumulated depreciation, depletion and amortization | 442,178 | 400,911 | |
Total Net Property, Plant and Equipment | 434,512 | 464,616 | |
Gross assets under capital lease | 631 | 481 | |
Accumulated amortization for capital leases | 398 | 296 | |
Amortization expense for assets under capital lease | 78 | 53 | $ 29 |
Coal and other plant and equipment | |||
Property, Plant and Equipment [Line Items] | |||
Property, Plant and Equipment | 576,917 | 571,044 | |
Coal properties and surface lands | |||
Property, Plant and Equipment [Line Items] | |||
Property, Plant and Equipment | 121,241 | 120,912 | |
Airshafts | |||
Property, Plant and Equipment [Line Items] | |||
Property, Plant and Equipment | 92,938 | 87,967 | |
Mine development | |||
Property, Plant and Equipment [Line Items] | |||
Property, Plant and Equipment | 81,538 | 81,538 | |
Coal advance mining royalties | |||
Property, Plant and Equipment [Line Items] | |||
Property, Plant and Equipment | $ 4,056 | $ 4,066 |
Other Accrued Liabilities (Deta
Other Accrued Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Payables and Accruals [Abstract] | ||
Subsidence liability | $ 26,887 | $ 22,403 |
Accrued payroll and benefits | 4,052 | 3,552 |
Accrued other taxes | 2,507 | 2,138 |
Accrual for Taxes Other than Income Taxes, Current | 2,504 | 807 |
Accrued Rent, Current | 2,442 | 2,442 |
Other | 3,683 | 2,287 |
Current portion of long-term liabilities: | ||
Workers' compensation | 1,380 | 1,431 |
Asset retirement obligations | 591 | 1,913 |
Long-term disability | 128 | 204 |
Less amount due in one year | 88 | 61 |
Pneumoconiosis benefits | 56 | 43 |
Total Other Accrued Liabilities | $ 44,318 | $ 37,281 |
Debt (Details)
Debt (Details) | 12 Months Ended | ||
Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | Jul. 07, 2015USD ($) | |
Debt Instrument [Line Items] | |||
Lines of Credit, Fair Value Disclosure | $ 201,000,000 | $ 185,000,000 | |
Unused borrowing capacity | 199,000,000 | 215,000,000 | |
Secured Debt | Revolving Credit Facility | |||
Debt Instrument [Line Items] | |||
Revolver, carrying amount | 185,000,000 | ||
Less: Debt issuance and financing fees | 3,157,000 | 4,054,000 | |
Current and long-term debt | $ 197,843,000 | $ 180,946,000 | |
Maximum borrowing capacity | $ 400,000,000 | ||
Unused borrowing capacity fee | 0.50% | ||
Proceeds from line of credit | $ 201,000,000 | $ 200,000,000 | |
Weighted average interest rate | 3.17% | ||
Interest coverage ratio | 9.48 | ||
Debt Instrument, Covenant Compliance, Leverage Ratio | 2.48 | ||
Secured Debt | Revolving Credit Facility | Minimum | |||
Debt Instrument [Line Items] | |||
Interest coverage ratio | 3 | ||
Secured Debt | Revolving Credit Facility | Maximum | |||
Debt Instrument [Line Items] | |||
Debt Instrument, Covenant Compliance, Leverage Ratio | 3.50 | ||
Secured Debt | Revolving Credit Facility | Maximum | Acquisition-related Costs [Member] | |||
Debt Instrument [Line Items] | |||
Debt Instrument, Covenant Compliance, Leverage Ratio | 4 | ||
Secured Debt | Revolving Credit Facility | Federal Funds Open Rate | |||
Debt Instrument [Line Items] | |||
Basis spread on variable rate | 0.50% | ||
Secured Debt | Revolving Credit Facility | Base Rate, London Interbank Offered Rate (LIBOR) Plus 1% | Minimum | |||
Debt Instrument [Line Items] | |||
Basis spread on variable rate | 1.50% | ||
Secured Debt | Revolving Credit Facility | Base Rate, London Interbank Offered Rate (LIBOR) Plus 1% | Maximum | |||
Debt Instrument [Line Items] | |||
Basis spread on variable rate | 2.50% | ||
Secured Debt | Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | |||
Debt Instrument [Line Items] | |||
Basis spread on variable rate | 2.75% | ||
Weighted average interest rate | 0.42% | ||
Secured Debt | Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Minimum | |||
Debt Instrument [Line Items] | |||
Basis spread on variable rate | 2.50% | ||
Secured Debt | Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Maximum | |||
Debt Instrument [Line Items] | |||
Basis spread on variable rate | 3.50% |
Leases (Details)
Leases (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Capital Leases, Future Minimum Payments Receivable, Fiscal Year Maturity [Abstract] | |||
2,016 | $ 92 | ||
2,017 | 82 | ||
2,018 | 52 | ||
2,019 | 21 | ||
2,020 | 0 | ||
Thereafter | 0 | ||
Total minimum lease payments | 247 | ||
Less amount representing interest | 13 | ||
Present value of minimum lease payments | 234 | ||
Less amount due in one year | 88 | $ 61 | |
Total Long-Term Capital Lease Obligations | 146 | 124 | |
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] | |||
2,016 | 13,276 | ||
2,017 | 12,291 | ||
2,018 | 7,477 | ||
2,019 | 5,272 | ||
2,020 | 5,053 | ||
Thereafter | 5,174 | ||
Total minimum lease payments | 48,543 | ||
Rental expense related to operating leases | $ 14,578 | $ 13,490 | $ 12,508 |
Fair Value of Financial Instr61
Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Lines of Credit, Fair Value Disclosure | $ 201,000 | $ 185,000 |
Reported Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Lines of Credit, Fair Value Disclosure | $ 201,000 |
Asset Retirement Obligations (D
Asset Retirement Obligations (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ||
Asset retirement obligation, balance at beginning of period | $ 10,412 | $ 11,389 |
Accretion expense | 727 | 875 |
Payments | (149) | (995) |
Revisions in estimated cash flows | (1,053) | (857) |
Asset retirement obligation, balance at end of period | $ 9,937 | $ 10,412 |
Other Post-Employment Benefit63
Other Post-Employment Benefit Plans - Changes in Benefit Obligations, Plan Assets, and Funded Status (Details) - Other Postretirement Benefit Plan - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Change in benefit obligation: | ||
Benefit obligation at beginning of period | $ 8,524 | |
Service cost | 0 | $ 927 |
Interest cost | 58 | 1,760 |
Actuarial gain | (477) | |
Plan amendments | (4,713) | |
Plan transfer | (3,134) | |
Participant contributions | 43 | |
Benefits and other payments | (301) | |
Benefit obligation at end of period | 0 | $ 8,524 |
Change in plan assets: | ||
Company contributions | 258 | |
Participant contributions | 43 | |
Benefits and other payments | (301) | |
Fair value of plan assets at end of period | $ 0 |
Other Post-Employment Benefit64
Other Post-Employment Benefit Plans - Components of Net Periodic Benefit Costs (Details) - Other Postretirement Benefit Plan - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Service cost | $ 0 | $ 927 |
Interest cost | 58 | 1,760 |
Amortization of prior service credits | (8,703) | (2,332) |
Recognized net actuarial gain | 1,304 | 801 |
Curtailment gain | 0 | (2,553) |
Net periodic benefit cost | $ (7,341) | $ (1,397) |
Coal Workers' Pneumoconiosis 65
Coal Workers' Pneumoconiosis (CWP) and Workers' Compensation - Changes in Benefit Obligations, Plan Assets, and Funded Status (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Coal Workers Pneumoconiosis | |||
Change in benefit obligation: | |||
Benefit obligation at beginning of period | $ 1,977 | $ 1,592 | |
State administrative fees and insurance bond premiums | 0 | 0 | |
Service cost | 803 | 255 | |
Interest cost | 72 | 65 | $ 214 |
Actuarial loss (gain) | (686) | 102 | |
Benefits and other payments | (53) | (37) | |
Benefit obligation at end of period | 2,113 | 1,977 | 1,592 |
Funded status: | |||
Current assets | 0 | 0 | |
Current liabilities | (56) | (43) | |
Noncurrent liabilities | (2,057) | (1,934) | |
Net obligation recognized | (2,113) | (1,977) | |
Amounts recognized in accumulated other comprehensive income consist of: | |||
Net actuarial loss | 8,102 | 7,497 | |
Net amount recognized | 8,102 | 7,497 | |
Workers Compensation | |||
Change in benefit obligation: | |||
Benefit obligation at beginning of period | 4,291 | 4,128 | |
State administrative fees and insurance bond premiums | 207 | 425 | |
Service cost | 1,299 | 1,656 | |
Interest cost | 132 | 146 | 185 |
Actuarial loss (gain) | 9 | (82) | |
Benefits and other payments | (1,553) | (1,982) | |
Benefit obligation at end of period | 4,385 | 4,291 | $ 4,128 |
Funded status: | |||
Current assets | 85 | 69 | |
Current liabilities | (1,380) | (1,431) | |
Noncurrent liabilities | (3,090) | (2,929) | |
Net obligation recognized | (4,385) | (4,291) | |
Amounts recognized in accumulated other comprehensive income consist of: | |||
Net actuarial loss | 3,394 | 3,425 | |
Net amount recognized | $ 3,394 | $ 3,425 |
Coal Workers' Pneumoconiosis 66
Coal Workers' Pneumoconiosis (CWP) and Workers' Compensation - Components of Net Periodic Benefit Costs (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Coal Workers Pneumoconiosis | |||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||
Service cost | $ 803 | $ 255 | $ 873 |
Interest cost | 72 | 65 | 214 |
Recognized net actuarial gain | (83) | (71) | (240) |
State administrative fees and insurance bond premiums | 0 | 0 | 0 |
Net periodic benefit cost | 792 | 249 | 847 |
Workers Compensation | |||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||
Service cost | 1,299 | 1,656 | 1,799 |
Interest cost | 132 | 146 | 185 |
Recognized net actuarial gain | (21) | (1) | (20) |
State administrative fees and insurance bond premiums | 207 | 425 | 617 |
Net periodic benefit cost | $ 1,617 | $ 2,226 | $ 2,581 |
Coal Workers' Pneumoconiosis 67
Coal Workers' Pneumoconiosis (CWP) and Workers' Compensation - Additional Information (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Coal Workers Pneumoconiosis | |||
Defined Benefit Plan, Amount to be Amortized from Accumulated Other Comprehensive Income (Loss) Next Fiscal Year [Abstract] | |||
Actuarial loss recognition | $ 136 | ||
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract] | |||
Discount rate assumption used to determine net periodic benefit costs | 4.40% | 4.60% | 4.21% |
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract] | |||
Discount rate | 4.60% | 4.21% | 4.75% |
Defined Benefit Plan, Assumptions Used in Calculations [Abstract] | |||
0.25 Percent point increase - effect on benefit costs | $ (87) | ||
0.25 Percent point decrease - effect on benefit costs | 92 | ||
Workers Compensation | |||
Defined Benefit Plan, Amount to be Amortized from Accumulated Other Comprehensive Income (Loss) Next Fiscal Year [Abstract] | |||
Actuarial loss recognition | $ 34 | ||
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract] | |||
Discount rate assumption used to determine net periodic benefit costs | 4.05% | 4.26% | 3.84% |
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract] | |||
Discount rate | 4.26% | 3.84% | 4.57% |
Defined Benefit Plan, Assumptions Used in Calculations [Abstract] | |||
0.25 Percent point increase - effect on benefit costs | $ (10) | ||
0.25 Percent point decrease - effect on benefit costs | $ 10 |
Coal Workers' Pneumoconiosis 68
Coal Workers' Pneumoconiosis (CWP) and Workers' Compensation - Expected Future Benefit Payments (Details) $ in Thousands | Dec. 31, 2016USD ($) |
Coal Workers Pneumoconiosis | |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | |
2,016 | $ 56 |
2,017 | 79 |
2,018 | 130 |
2,019 | 162 |
2,020 | 201 |
Year 2021-2025 | 1,748 |
Workers Compensation | |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | |
2,016 | 1,487 |
2,017 | 1,507 |
2,018 | 1,546 |
2,019 | 1,604 |
2,020 | 1,650 |
Year 2021-2025 | 9,100 |
Workers Compensation - Actuarial Benefits | |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | |
2,016 | 1,295 |
2,017 | 1,311 |
2,018 | 1,345 |
2,019 | 1,398 |
2,020 | 1,439 |
Year 2021-2025 | 7,961 |
Workers Compensation - Other Benefits | |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | |
2,016 | 192 |
2,017 | 196 |
2,018 | 201 |
2,019 | 206 |
2,020 | 211 |
Year 2021-2025 | $ 1,139 |
Other Benefit Plans (Details)
Other Benefit Plans (Details) - USD ($) $ in Thousands | Jan. 01, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
CONSOL Pennsylvania Coal Company LLC | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Ownership percentage for noncontrolling interest | 25.00% | |||
CONSOL Energy Investment Plan | ||||
Defined Contribution Plan Disclosure [Line Items] | ||||
Employer matching contribution, percent of employees' gross pay | 6.00% | |||
Defined contribution plan, cost recognized | $ 2,014 | $ 3,195 | $ 2,719 | |
Increase in eligible compensation for funding 401(k) for affected employees | 3.00% | |||
Age threshold for additional employer match | 40 years | |||
Years of service threshold for additional employer match | 10 years | |||
CONSOL Energy Investment Plan | Minimum | ||||
Defined Contribution Plan Disclosure [Line Items] | ||||
Employer matching contribution, percent of match | 1.00% | |||
CONSOL Energy Investment Plan | Maximum | ||||
Defined Contribution Plan Disclosure [Line Items] | ||||
Employer matching contribution, percent of match | 4.00% | |||
Pension Plan | CONSOL Pennsylvania Coal Company LLC | CONSOL Pennsylvania Coal Company LLC | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Threshold age for hard freeze on benefit plan | 40 years | |||
Threshold years of service for hard freeze on benefit plan | 10 years | |||
Net periodic benefit cost | $ 884 | 884 | 1,753 | |
Other Postretirement Benefit Plan | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Net periodic benefit cost | (7,341) | (1,397) | ||
Benefit obligation | 0 | 8,524 | ||
Other Postretirement Benefit Plan | CONSOL Pennsylvania Coal Company LLC | CONSOL Pennsylvania Coal Company LLC | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Net periodic benefit cost | $ 120 | $ 138 | $ 157 | |
Discount rate assumption used to determine net periodic benefit costs | 3.71% | 3.18% | 3.53% | |
Benefit obligation | $ 330 | $ 650 |
Supplemental Cash Flow Inform70
Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Supplemental Cash Flow Elements [Abstract] | |||
Interest paid | $ 7,734 | $ 8,520 | $ 8,686 |
Loan distributed to CONSOL, value | 229,495 | ||
Assets received from CONSOL, value | 8,131 | ||
Accumulated other comprehensive income portion of the liabilities considered noncash | 3,134 | ||
Capital equipment transfers | 21,945 | 5,324 | |
Fair value of assets acquired | 759 | 1,282 | 568 |
Non-cash capital lease obligations | $ 127 | $ 139 | $ 43 |
Concentration of Credit Risk Co
Concentration of Credit Risk Concentration of Credit Risk (Details) | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Concentration of Credit Risk [Abstract] | |||
Concentration Risk, Percentage | 100.00% | 100.00% | 87.00% |
Commitments and Contingent Li72
Commitments and Contingent Liabilities (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2016USD ($) | |
Guarantor Obligations [Line Items] | |
Maximum potential future payments | $ 71,296 |
Financial Standby Letter of Credit | |
Guarantor Obligations [Line Items] | |
Maximum potential future payments | $ 733 |
Agreement term | 3 years |
Surety Bond | Environment Related Contingency | |
Guarantor Obligations [Line Items] | |
Maximum potential future payments | $ 61,154 |
Agreement term | 3 years |
Surety Bond | Employee Related Contingency | |
Guarantor Obligations [Line Items] | |
Maximum potential future payments | $ 9,409 |
Agreement term | 3 years |
Related Party (Details)
Related Party (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Related Party Transaction [Line Items] | |||
Repayments of related party debt | $ 0 | $ 10,951 | $ 2,311 |
Proceeds from Related Party Long-Term Notes | 0 | 16,990 | 14,214 |
Interest on notes - related party | 0 | 6,050 | 11,918 |
Operating and Other Costs | |||
Related Party Transaction [Line Items] | |||
Service from CONSOL Energy | 17,557 | ||
CONSOL Energy | |||
Related Party Transaction [Line Items] | |||
Service from CONSOL Energy | 8,077 | 15,719 | 18,091 |
CONSOL Energy | Operating and Other Costs | |||
Related Party Transaction [Line Items] | |||
Service from CONSOL Energy | 4,251 | 6,793 | 6,707 |
CONSOL Energy | Selling, General and Administrative Expenses | |||
Related Party Transaction [Line Items] | |||
Service from CONSOL Energy | 3,826 | 8,926 | 11,384 |
Fairmont Supply Company | |||
Related Party Transaction [Line Items] | |||
Purchases of supply inventory | 10,850 | ||
CONSOL Financial Inc. Loan | |||
Related Party Transaction [Line Items] | |||
Repayments of related party debt | 10,951 | 2,311 | |
Proceeds from Related Party Long-Term Notes | 16,991 | 14,214 | |
Interest on notes - related party | 6,050 | $ 11,918 | |
Due to Related Parties | $ 1,666 | $ 4,310 |
Long-Term Incentive Plan (Detai
Long-Term Incentive Plan (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Common Units | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Shares authorized under LTIP | 2,300,000 | |
Common Units | General and Administrative Expense | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Amortization expense due to vesting | $ 1,185 | $ 40 |
Common Units | Phantom Share Units (PSUs) | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Unearned compensation under plan | $ 1,892 | |
Period for recognition | 2 years | |
Long-Term Incentive Plan [Member] | Phantom Share Units (PSUs) | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Units granted during period | 381,934 | 6,456 |
Weighted average grant date fair value | $ 7.90 | $ 14.39 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 392,688 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 7.90 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 7,389 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ 13.51 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | 9,821 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ 7.90 |
Subsequent Events (Details)
Subsequent Events (Details) - Subsequent Event | Feb. 15, 2017USD ($)$ / shares |
Subsequent Event [Line Items] | |
Cash distributions declared per unit (in dollars per share) | $ / shares | $ 0.5125 |
Dividends Declared, Preferred Units | $ | $ 0.4678 |
Supplemental Quarterly Inform76
Supplemental Quarterly Information (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||||
Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2015 | Jul. 06, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | ||
Quarterly Financial Information Disclosure [Abstract] | ||||||||||||||
Coal Revenue | $ 80,292 | $ 66,922 | $ 62,640 | $ 56,541 | $ 65,610 | $ 80,793 | $ 79,749 | $ 96,109 | $ 266,395 | $ 322,261 | $ 404,247 | |||
Freight Revenue | 3,130 | 2,407 | 2,797 | 3,269 | 2,238 | 302 | 677 | 592 | 11,603 | 3,809 | 4,192 | |||
Other Nonoperating Income (Expense) | 865 | 485 | 1,780 | (11) | 128 | 343 | 181 | 289 | 3,119 | 941 | 9,660 | |||
Total Revenue and Other Income | 84,287 | 69,814 | 67,217 | 59,799 | 67,976 | 81,438 | 80,607 | 96,990 | 281,117 | 327,011 | 418,099 | |||
Operating and Other Costs | 52,935 | 45,531 | 46,044 | 38,491 | 40,307 | 46,936 | 49,075 | 57,643 | 183,001 | 193,961 | 239,863 | [1] | ||
Depreciation, Depletion and Amortization | 10,662 | 10,592 | 10,423 | 10,317 | 10,079 | 10,788 | 11,833 | 11,436 | 41,994 | 44,136 | 43,337 | |||
Freight Expense | 3,130 | 2,407 | 2,797 | 3,269 | 2,238 | 302 | 677 | 592 | 11,603 | 3,809 | 4,192 | |||
Selling, General and Administrative Expense | 3,391 | 2,660 | 1,970 | 1,928 | 2,018 | 2,616 | 3,640 | 2,657 | 9,949 | 10,931 | 17,149 | |||
Interest Expense 3 | 2,442 | 2,223 | 2,076 | 1,978 | 1,878 | 1,872 | 2,910 | 2,976 | 8,719 | 9,636 | 8,683 | [2] | ||
Total Costs | 72,560 | 63,413 | 63,310 | 55,983 | 56,520 | 62,514 | 68,135 | 75,304 | 255,266 | 262,473 | 313,224 | |||
Net Income | $ 11,727 | $ 6,401 | $ 3,907 | $ 3,816 | $ 11,456 | $ 18,924 | $ 12,472 | $ 21,686 | $ 30,404 | $ 34,134 | $ 25,851 | $ 64,538 | $ 104,875 | |
Net Income per Limited Partner Unit - Basic | $ 410 | $ 210 | $ 110 | $ 110 | $ 370 | $ 620 | $ 0.84 | $ 0.99 | ||||||
Net Income per Limited Partner Unit - Diluted | $ 410 | $ 210 | $ 110 | $ 100 | $ 370 | $ 620 | $ 0.83 | $ 0.99 | ||||||
[1] | Related Party of $4,251, $6,793 and $17,557 for the years ended December 31, 2016, 2015, and 2014, respectively. | |||||||||||||
[2] | Related Party of $0, $6,050 and $11,918 for the years ended December 31, 2016, 2015, and 2014, respectively. |
Supplemental Coal Data (Unaud77
Supplemental Coal Data (Unaudited) (Details) T in Thousands | 12 Months Ended | ||
Dec. 31, 2016mineT | Dec. 31, 2015T | Dec. 31, 2014T | |
Proved Developed and Undeveloped Reserves [Roll Forward] | |||
Number of active mines | mine | 3 | ||
Coal | |||
Proved Developed and Undeveloped Reserves [Roll Forward] | |||
Proven and probable reserves at beginning of period | 197,844 | 196,408 | 156,332 |
Purchased reserves | 0 | 5,850 | 1 |
Production | (6,166) | (5,698) | (6,516) |
Revisions and other changes | 0 | 1,284 | 46,591 |
Consolidated proven and probable reserves at end of period | 191,678 | 197,844 | 196,408 |
Coal | Bailey, Pennsylvania | |||
Proved Developed and Undeveloped Reserves [Roll Forward] | |||
Consolidated proven and probable reserves at end of period | 76,629 | ||
Coal | Enlow Fork, Pennsylvania | |||
Proved Developed and Undeveloped Reserves [Roll Forward] | |||
Consolidated proven and probable reserves at end of period | 64,921 | ||
Coal | Harvey, Pennsylvania | |||
Proved Developed and Undeveloped Reserves [Roll Forward] | |||
Consolidated proven and probable reserves at end of period | 50,128 |
Uncategorized Items - cnxc-2016
Label | Element | Value |
Common Units [Member] | Limited Partner [Member] | ||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | us-gaap_ProfitLoss | $ 11,444,000 |
Subordinated Member Units [Member] | Limited Partner [Member] | ||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | us-gaap_ProfitLoss | $ 11,444,000 |