Cover Page
Cover Page - USD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Jan. 24, 2020 | Jun. 28, 2019 | |
Cover page. | |||
Document Type | 10-K | ||
Entity Registrant Name | CONSOL Coal Resources LP | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | Dec. 31, 2019 | ||
Document Fiscal Year Focus | 2019 | ||
Document Fiscal Period Focus | FY | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Central Index Key | 0001637558 | ||
Entity Incorporation, State or Country Code | DE | ||
Entity Tax Identification Number | 47-3445032 | ||
Title of 12(b) Security | Common Units representing limited partner units | ||
Trading Symbol | CCR | ||
Security Exchange Name | NYSE | ||
Entity File Number | 001-14901 | ||
Entity Address, Address Line One | 1000 CONSOL Energy Drive | ||
Entity Address, Address Line Two | Suite 100 | ||
Entity Address, City or Town | Canonsburg | ||
Entity Address, State or Province | PA | ||
Entity Address, Postal Zip Code | 15317-6506 | ||
City Area Code | 724 | ||
Local Phone Number | 416-8300 | ||
Entity Interactive Data Current | Yes | ||
Amendment Flag | false | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | true | ||
Entity Ex Transition Period | true | ||
Entity Shell Company | false | ||
Entity Public Float | $ 177,872,584 | ||
Entity Common Stock, Shares Outstanding | 27,632,824 | ||
Documents Incorporated by Reference | None |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | ||
Revenue | $ 327,049 | $ 351,966 | |
Other Income | 5,879 | 5,209 | |
Total Revenue and Other Income | 332,928 | 357,175 | |
Operating and Other Costs | |||
Operating and Other Costs | [1] | 217,175 | 214,376 |
Depreciation, Depletion and Amortization | 45,807 | 44,742 | |
Freight Expense | 4,917 | 10,893 | |
Selling, General and Administrative Expenses | [2] | 12,874 | 13,931 |
Interest Expense, Net | [3] | 6,604 | 6,667 |
Total Costs | 287,377 | 290,609 | |
Net Income | 45,551 | 66,566 | |
Less: General Partner Interest in Net Income | 768 | 1,127 | |
Limited Partner Interest in Net Income | $ 44,783 | $ 65,439 | |
Earnings Per Share [Abstract] | |||
Net Income per Limited Partner Unit - Basic (in dollars per share) | $ 1.62 | $ 2.38 | |
Net Income per Limited Partner Unit - Diluted (in dollars per share) | $ 1.62 | $ 2.37 | |
Limited Partner Units Outstanding - Basic (in shares) | 27,622,032 | 27,511,804 | |
Limited Partner Units Outstanding - Diluted (in shares) | 27,659,790 | 27,611,924 | |
Cash Distributions Declared per Unit (in dollars per share) | [4] | $ 2.05 | $ 2.05 |
Coal Revenue | |||
Revenue | $ 322,132 | $ 341,073 | |
Freight Revenue | |||
Revenue | $ 4,917 | $ 10,893 | |
[1] | Related Party of $3,219 and $2,918 for the years ended December 31, 2019 and 2018 , respectively. | ||
[2] | Related Party of $8,309 and $8,300 for the years ended December 31, 2019 and 2018 , respectively. | ||
[3] | Related Party of $6,221 and $6,667 for the years ended December 31, 2019 and 2018 , respectively. | ||
[4] | Represents the cash distribution declared related to the period presented. See Note 22 - Subsequent Events. |
Consolidated Statements of Op_2
Consolidated Statements of Operations (Parenthetical) - CONSOL Energy - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Expenses from transactions with related party | $ 11,528 | $ 11,218 |
Operating and Other Costs | ||
Expenses from transactions with related party | 3,219 | 2,918 |
Selling, General and Administrative Expenses | ||
Expenses from transactions with related party | 8,309 | 8,300 |
Interest Expense | ||
Expenses from transactions with related party | $ 6,221 | $ 6,667 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Statement of Comprehensive Income [Abstract] | ||
Net Income | $ 45,551 | $ 66,566 |
Actuarially Determined Long-Term Liability Adjustments: | ||
Recognized Net Actuarial Loss (Gain) | 15 | (8) |
Other Comprehensive (Loss) Income Before Reclassifications | (1,356) | 1,485 |
Total Actuarially Determined Long-Term Liability Adjustments | (1,341) | 1,477 |
Other Comprehensive (Loss) Income | (1,341) | 1,477 |
Comprehensive Income | $ 44,210 | $ 68,043 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Current Assets: | ||
Cash | $ 543 | $ 1,003 |
Trade Receivables, net of allowance | 32,769 | 21,871 |
Other Receivables | 1,572 | 1,068 |
Inventories | 12,653 | 11,066 |
Prepaid Expenses | 5,746 | 5,096 |
Total Current Assets | 53,283 | 40,104 |
Property, Plant and Equipment: | ||
Property, Plant and Equipment | 984,898 | 946,298 |
Less: Accumulated Depreciation, Depletion and Amortization | 571,238 | 526,747 |
Total Property, Plant and Equipment, Net | 413,660 | 419,551 |
Other Assets: | ||
Right of Use Asset—Operating Leases | 15,695 | |
Other Assets | 13,456 | 14,908 |
Total Other Assets | 29,151 | 14,908 |
TOTAL ASSETS | 496,094 | 474,563 |
Current Liabilities: | ||
Accounts Payable | 22,805 | 24,834 |
Accounts Payable—Related Party | 1,419 | 3,831 |
Current Portion of Long-Term Debt | 5,252 | 3,503 |
Other Accrued Liabilities | 39,455 | 31,916 |
Total Current Liabilities | 68,931 | 64,084 |
Long-Term Debt: | ||
Affiliated Company Credit Agreement—Related Party | 180,925 | 163,000 |
Finance Lease Obligations | 1,645 | |
Finance Lease Obligations | 5,067 | |
Total Long-Term Debt | 182,570 | 168,067 |
Other Liabilities: | ||
Pneumoconiosis Benefits | 6,028 | 4,260 |
Workers’ Compensation | 3,611 | 3,119 |
Asset Retirement Obligations | 10,801 | 9,775 |
Operating Lease Liability | 11,507 | |
Other | 785 | 518 |
Total Other Liabilities | 32,732 | 17,672 |
TOTAL LIABILITIES | 284,233 | 249,823 |
Partners’ Capital: | ||
General Partner Interest | 11,915 | 12,119 |
Accumulated Other Comprehensive Income | 10,579 | 11,920 |
Total Partners’ Capital | 211,861 | 224,740 |
TOTAL LIABILITIES AND PARTNERS’ CAPITAL | 496,094 | 474,563 |
Common Unit | ||
Partners’ Capital: | ||
Partners' Capital | 189,367 | 212,122 |
Subordinated Unit | ||
Partners’ Capital: | ||
Partners' Capital | $ 0 | $ (11,421) |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - shares | Dec. 31, 2019 | Dec. 31, 2018 |
Common Unit | ||
Partners' Capital Units Outstanding (in shares) | 27,632,824 | 15,911,211 |
Subordinated Unit | ||
Partners' Capital Units Outstanding (in shares) | 0 | 11,611,067 |
Consolidated Statement of Partn
Consolidated Statement of Partners' Capital - USD ($) $ in Thousands | Total | Common Unit | Accumulated Other Comprehensive Income (Loss) | Limited PartnersCommon Unit | Limited PartnersSubordinated Unit | General Partner |
Partners' Capital Beginning Balance at Dec. 31, 2017 | $ 213,156 | $ 10,443 | $ 205,974 | $ (15,225) | $ 11,964 | |
Increase (Decrease) in Partners' Capital [Roll Forward] | ||||||
Net Income | 66,566 | $ 37,832 | 37,832 | 27,607 | 1,127 | |
Unitholder Distributions | (57,389) | (32,614) | (23,803) | (972) | ||
Unit-Based Compensation | 1,842 | 1,842 | ||||
Units Withheld for Taxes | (912) | (912) | ||||
Actuarially Determined Long-Term Liability Adjustments | 1,477 | 1,477 | ||||
Partners' Capital Ending Balance at Dec. 31, 2018 | 224,740 | 11,920 | 212,122 | (11,421) | 12,119 | |
Increase (Decrease) in Partners' Capital [Roll Forward] | ||||||
Net Income | 45,551 | $ 32,552 | 32,552 | 12,231 | 768 | |
Unitholder Distributions | (57,618) | (38,794) | (17,852) | (972) | ||
Conversion of Subordinated Units to Common Units | 0 | (17,042) | 17,042 | |||
Unit-Based Compensation | 1,409 | 1,409 | ||||
Units Withheld for Taxes | (880) | (880) | ||||
Actuarially Determined Long-Term Liability Adjustments | (1,341) | (1,341) | ||||
Partners' Capital Ending Balance at Dec. 31, 2019 | $ 211,861 | $ 10,579 | $ 189,367 | $ 0 | $ 11,915 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Statement of Cash Flows [Abstract] | ||
Net Income | $ 45,551 | $ 66,566 |
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities: | ||
Depreciation, Depletion and Amortization | 45,807 | 44,742 |
Loss on Sale of Assets | 49 | 34 |
Unit-Based Compensation | 1,409 | 1,842 |
Changes in Operating Assets: | ||
Trade and Other Receivables | (11,393) | 10,504 |
Inventories | (1,587) | 1,237 |
Prepaid Expenses | (650) | (668) |
Changes in Other Assets | 1,452 | 741 |
Changes in Operating Liabilities: | ||
Accounts Payable | (1,389) | 4,990 |
Accounts Payable—Related Party | (2,412) | 760 |
Other Operating Liabilities | 3,351 | (6,528) |
Changes in Other Liabilities | 937 | 1,159 |
Net Cash Provided by Operating Activities | 81,125 | 125,379 |
Cash Flows from Investing Activities: | ||
Capital Expenditures | (37,177) | (31,143) |
Proceeds from Sales of Assets | 6 | 170 |
Net Cash Used in Investing Activities | (37,171) | (30,973) |
Cash Flows from Financing Activities: | ||
Payments on Finance Leases | (3,841) | (3,052) |
Net Proceeds from (Payments on) Related Party Long-Term Notes | 17,925 | (33,583) |
Payments for Unitholder Distributions | (57,618) | (57,389) |
Units Withheld for Taxes | (880) | (912) |
Net Cash Used In Financing Activities | (44,414) | (94,936) |
Net Decrease in Cash | (460) | (530) |
Cash at Beginning of Period | 1,003 | 1,533 |
Cash at End of Period | $ 543 | $ 1,003 |
Significant Accounting Policies
Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2019 | |
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: We are a master limited partnership formed in 2015 to manage and further develop all of our sponsor's active coal operations in Pennsylvania. For the years ended December 31, 2019 and 2018 , the Consolidated Financial Statements include the accounts of CONSOL Operating and CONSOL Thermal Holdings, wholly owned and controlled subsidiaries. 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 our 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 $1.07 billion of revenues in a fiscal year; • limited partner interests held by non-affiliates have a market value of more than $700 million; 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. Additionally, under Rule 12b-2 of the Exchange Act, the Partnership qualifies as a “smaller reporting company” because the value of its limited partner interests held by non-affiliates as of the end of its most recently completed second fiscal quarter was less than $250 million. For as long as the Partnership remains a smaller reporting company, it may take advantage of certain exemptions from the SEC’s reporting requirements that are otherwise applicable to public companies that are not smaller reporting 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 recoverable coal reserve values. Cash: Cash includes cash on hand and on deposit with banking institutions. Trade Receivables and Allowance for Doubtful Accounts: Trade receivables are recorded at the invoiced amount and do not bear interest. Trade credit is extended based upon evaluations of each customer's ability to perform its obligations, which is assessed regularly. An allowance for doubtful accounts is determined based upon an aging of customer accounts and a review for collectibility of specific accounts. Amounts are written off against the allowance in the period in which the receivable is deemed uncollectible. The allowance for doubtful accounts was $525 as of December 31, 2019 . No allowance for doubtful accounts was recorded as of December 31, 2018 . In addition, there were no material financing receivables with a contractual maturity greater than one year at December 31, 2019 or 2018 . Inventories: Inventories are stated at the lower of cost or net realizable value. 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 in which 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 coal 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 recoverable coal reserves. Advance mining royalties and leased coal interests are evaluated for impairment issues 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 Other Income 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 recoverable coal reserve tons assigned and accessible to the mine. Recoverable 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 indicators of impairment and therefore, no impairment losses were recognized during the years ended December 31, 2019 and 2018 . 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 to 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 obligations is capitalized as part of the carrying amount of the long-lived asset. Depreciation of the capitalized asset retirement obligation 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. 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 be 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, 2019 and 2018 , 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 generally recognized when title passes to the customers and the price is fixed and determinable. Generally, title passes when coal is loaded at the central preparation facility and, on occasion, at terminal locations or other customer destinations. Our coal contract revenue per ton is fixed and determinable and adjusted for nominal quality adjustments. Some coal contracts also contain positive electric power price-related adjustments in addition to a fixed base-price per ton. None of the Partnership's coal contracts allow for retroactive adjustments to pricing after title to the coal has passed. See Note 2 - Revenue for more information. 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. 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 August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-15 - Intangibles - Goodwill and Other - Internal Use Software (Subtopic 350-40) to help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement (hosting arrangement) by providing guidance for determining when the arrangement includes a software license. The amendments in update 2018-15 align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements of capitalizing implementation costs incurred to develop or obtain internal-use software. These changes will be effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Management does not expect this update to have a material impact on the Partnership's financial statements. In August 2018, the FASB issued ASU 2018-14 - Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20) to improve the effectiveness of disclosures in the notes to the financial statements by facilitating clear communication of the information required by GAAP. The amendments modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. These changes will be effective for fiscal years ending after December 15, 2020, including interim periods within those fiscal years. Management is currently evaluating the impact this guidance may have on the Partnership's financial statements. In August 2018, the FASB issued ASU 2018-13 - Fair Value Measurement (Topic 820) to improve the effectiveness of disclosures in the notes to the financial statements by facilitating clear communication of the information required by GAAP. The amendments modify the disclosure requirements on fair value measurements, including the consideration of costs and benefits. These changes will be effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Management does not expect this update to have a material impact on the Partnership's financial statements. In June 2016, the FASB issued ASU 2016-13 - Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which provides financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this, the amendments in this ASU replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The measurement of expected credit losses will be based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. In May 2019, the FASB updated Topic 326 by issuing ASU 2019-05, Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief, which provides entities that have certain instruments within the scope of Subtopic 326-20, Financial Instruments-Credit Losses - Measured at Amortized Cost, with an option to irrevocably elect the fair value option in Subtopic 825-10, Financial Instruments-Overall, applied on an instrument-by-instrument basis for eligible instruments, upon adoption of Topic 326. The amendments in these updates will be applied using a modified-retrospective approach and, for public entities, are effective for fiscal years beginning after December 15, 2022 and interim periods within those annual periods. Early adoption is permitted under this guidance. Management is currently evaluating the overall impact the implementation of this guidance will have on the Partnership's financial statements. The Partnership's exposure to credit losses is concentrated on trade and other receivables arising from contractual agreements. Additional disclosures will be required to describe the nature and amount of the Partnership's credit losses, including the significant assumptions and judgments required to value the losses, and the accounting policy elections taken. The Partnership is implementing processes and controls to review the credit losses for appropriate accounting treatment in the context of the standards and to generate disclosures required under the standards, which the Partnership expects to disclose in its Quarterly Report on Form 10-Q for the first quarter of 2020. As of the filing date of this Form 10-K, based on the Partnership's historical collection efforts, current industry trends in the markets the Partnership serves and the financial health of the Partnership's counterparties, the expected credit losses recognized upon adoption of this guidance are not expected to have a material impact on the Partnership's financial statements. Reclassifications: Certain amounts in prior periods have been reclassified to conform with the report classifications of the current period, including the reclassification of the Current Portion of Long-Term Debt, previously included in Other Accrued Liabilities on the Consolidated Balance Sheets. These reclassifications had no effect on previously reported Total Current Liabilities and are not material to the prior year presentation. |
Revenue
Revenue | 12 Months Ended |
Dec. 31, 2019 | |
Revenue from Contract with Customer [Abstract] | |
Revenue | REVENUE: The following table disaggregates our revenue from contracts with customers for the years ended December 31, 2019 and December 31, 2018 : Year Ended December 31, 2019 Year Ended December 31, 2018 Coal Revenue $ 322,132 $ 341,073 Freight Revenue 4,917 10,893 Total Revenue from Contracts with Customers $ 327,049 $ 351,966 Our revenue is generally recognized when title passes to the customer and the price is fixed and determinable. We have determined that each ton of coal represents a separate and distinct performance obligation. Our coal supply contracts and other sales and operating revenue contracts vary in length from short-term to long-term contracts and do not typically have significant financing components. The estimated transaction price from each of our contracts is based on the total amount of consideration to which we expect to be entitled under the contract. Included in the transaction price for certain coal supply contracts is the impact of variable consideration, including quality price adjustments, handling services, per ton price fluctuations based on certain coal sales price indices and anticipated payments in lieu of shipments. The estimated transaction price for each contract is allocated to our performance obligations based on relative standalone selling prices determined at contract inception. Coal Revenue Revenues are recognized when title passes to the customers and the price is fixed and determinable. Generally, title passes when coal is loaded at the central preparation facility and, on occasion, at terminal locations or other customer destinations. Our coal contract revenue per ton is fixed and determinable and adjusted for nominal quality adjustments. Some coal contracts also contain positive electric power price-related adjustments in addition to a fixed base-price per ton. None of the Partnership's coal contracts allow for retroactive adjustments to pricing after title to the coal has passed. Some of our contracts span multiple years and have annual pricing modification provisions, based upon market-driven or inflationary adjustments, where no additional value is exchanged. Also, some of our contracts contain favorable electric power price-related adjustments, which represent market-driven price adjustments, wherein there is no additional value exchanged. Management believes that the invoice price is the most appropriate rate at which to recognize revenue. While we do, from time to time, experience costs of obtaining coal customer contracts with amortization periods greater than one year, those costs have been immaterial to our net income. As of and for the years ended December 31, 2019 and December 31, 2018 , we do not have any capitalized costs to obtain customer contracts on our balance sheet nor have we recognized any amortization of previously existing capitalized costs of obtaining customer contracts. Further, the Partnership has not recognized any revenue in the current period from performance obligations satisfied (or partially satisfied) in previous periods. Freight Revenue Some of our coal contracts require that we sell our coal at locations other than our central preparation plant. The cost to transport our coal to the ultimate sales point is passed through to our customers and we recognize the freight revenue equal to the transportation cost when title of the coal passes to the customer. Contract Balances Contract assets are recorded separately from trade receivables in the Partnership's Consolidated Balance Sheet and are reclassified to trade receivables as title passes to the customer and the Partnership's right to consideration becomes unconditional. Payments for coal shipments are typically due within two to four weeks of the invoice date. The Partnership typically does not have material contract assets that are stated separately from trade receivables as the Partnership's performance obligations are satisfied as control of the goods or services passes to the customer, thereby granting the Partnership an unconditional right to receive consideration. Contract liabilities relate to consideration received in advance of the satisfaction of the Partnership's performance obligations. Contract liabilities are recognized as revenue at the point in time when control of the good or service passes to the customer. |
Net Income per Limited Partner
Net Income per Limited Partner and General Partner Interest | 12 Months Ended |
Dec. 31, 2019 | |
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. 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, were exercised, settled or converted into common units. 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. On August 16, 2019, all 11,611,067 subordinated units were converted into common units on a one -for-one basis. For purposes of calculating net income per common and subordinated unit, the conversion of the subordinated units is deemed to have occurred on July 1, 2019. The conversion did not impact the amount of the cash distribution paid or the total number of the Partnership’s outstanding units representing limited partner interests. Upon payment of the cash distribution for the second quarter of 2019, the financial requirements for the conversion of all subordinated units were satisfied. The following table illustrates the Partnership’s calculation of net income per unit for common and subordinated partner units: For the Year Ended For the Year Ended December 31, 2019 December 31, 2018 Net Income $ 45,551 $ 66,566 Less: General Partner Interest in Net Income 768 1,127 Net Income Allocable to Limited Partner Units $ 44,783 $ 65,439 Limited Partner Interest in Net Income - Common Units $ 32,552 $ 37,832 Limited Partner Interest in Net Income - Subordinated Units 12,231 27,607 Limited Partner Interest in Net Income - Basic & Diluted $ 44,783 $ 65,439 Weighted Average Limited Partner Units Outstanding - Basic 27,622,032 27,511,804 Weighted Average Limited Partner Units Outstanding - Diluted 27,659,790 27,611,924 Net Income Per Limited Partner Unit - Basic Common Units $ 1.62 $ 2.38 Subordinated Units $ 1.05 $ 2.38 Net Income Per Limited Partner Unit - Basic $ 1.62 $ 2.38 Net Income Per Limited Partner Unit - Diluted Common Units $ 1.62 $ 2.36 Subordinated Units $ 1.05 $ 2.38 Net Income Per Limited Partner Unit - Diluted $ 1.62 $ 2.37 There were no phantom units excluded from the computation of the diluted earnings per share because their effect would be anti-dilutive for the years ended December 31, 2019 and December 31, 2018 . |
Other Income
Other Income | 12 Months Ended |
Dec. 31, 2019 | |
Other Income and Expenses [Abstract] | |
Other Income | OTHER INCOME: For the Years Ended December 31, 2019 2018 Purchased Coal Sales $ 3,096 $ 4,788 Coal Contract Buyout 2,490 87 Property Easement and Option Income 268 295 Loss on Sale of Assets (49 ) (34 ) Other 74 73 Total Other Income $ 5,879 $ 5,209 |
Interest Expense
Interest Expense | 12 Months Ended |
Dec. 31, 2019 | |
Interest Expense [Abstract] | |
Interest Expense | INTEREST EXPENSE: For the Years Ended December 31, 2019 2018 Interest on Affiliated Company Credit Agreement—Related Party $ 7,892 $ 7,709 Interest on Finance Leases 361 451 Capitalized Interest (1,671 ) (1,508 ) Interest on Other Payables, Net 22 15 Total Interest Expense $ 6,604 $ 6,667 |
Inventories
Inventories | 12 Months Ended |
Dec. 31, 2019 | |
Inventory Disclosure [Abstract] | |
Inventories | INVENTORIES: December 31, December 31, Coal $ 621 $ 1,160 Supplies 12,032 9,906 Total Inventories $ 12,653 $ 11,066 |
Property, Plant and Equipment
Property, Plant and Equipment | 12 Months Ended |
Dec. 31, 2019 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment | PROPERTY, PLANT AND EQUIPMENT: December 31, December 31, Coal and Other Plant and Equipment $ 666,560 $ 636,105 Coal Properties and Surface Lands 126,294 122,679 Airshafts 106,750 102,275 Mine Development 81,538 81,538 Coal Advance Mining Royalties 3,756 3,701 Total Property, Plant and Equipment 984,898 946,298 Less: Accumulated Depreciation, Depletion and Amortization 571,238 526,747 Total Property, Plant and Equipment, Net $ 413,660 $ 419,551 Coal reserves are controlled either through fee ownership or by lease. The duration of the leases vary; however, the lease terms generally are extended automatically to the exhaustion of economically recoverable coal 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. As of December 31, 2019 and 2018 , property, plant and equipment includes gross assets under finance lease of $ 12,596 and $ 11,919 , respectively. Accumulated amortization for finance leases was $ 7,351 and $ 3,529 at December 31, 2019 and 2018 , respectively. Amortization expense for assets under finance leases approximated $3,870 and $3,227 for the years ended December 31, 2019 and 2018 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, 2019 | |
Payables and Accruals [Abstract] | |
Other Accrued Liabilities | OTHER ACCRUED LIABILITIES: December 31, December 31, 2018 Subsidence Liability $ 22,661 $ 20,883 Accrued Payroll and Benefits 4,460 2,693 Accrued Interest (Related Party) 2,541 1,767 Accrued Other Taxes 921 1,071 Equipment Lease Rental — 515 Other 1,383 1,925 Current Portion of Long-Term Liabilities: Operating Lease Liability 4,753 — Workers' Compensation 1,423 1,554 Asset Retirement Obligations 954 1,202 Pneumoconiosis Benefits 201 165 Long-Term Disability 158 141 Total Other Accrued Liabilities $ 39,455 $ 31,916 |
Long-Term Debt
Long-Term Debt | 12 Months Ended |
Dec. 31, 2019 | |
Debt Disclosure [Abstract] | |
Long-term Debt | LONG-TERM DEBT: December 31, December 31, Affiliated Company Credit Agreement (4.00% and 3.75% interest rate at December 31, 2019 and December 31, 2018, respectively) $ 180,925 $ 163,000 Other Asset-Backed Financing Maturing in December 2020, 5.96% Weighted Average Interest Rate at December 31, 2019 1,443 — 182,368 163,000 Less: Amounts Due in One Year* 1,443 — Long-Term Debt $ 180,925 $ 163,000 * Excludes current portion of Finance Lease Obligations of $3,809 and $3,503 at December 31, 2019 and December 31, 2018 , respectively. Affiliated Company Credit Agreement On November 28, 2017, the Partnership and the other Credit Parties entered into the Affiliated Company Credit Agreement by and among the Credit Parties, CONSOL Energy, as lender and administrative agent, and PNC. On March 28, 2019, the Affiliated Company Credit Agreement was amended to extend the maturity date from February 27, 2023 to December 28, 2024. The Affiliated Company Credit Agreement provides for a revolving credit facility in an aggregate principal amount of up to $275,000 to be provided by CONSOL Energy, as lender. In connection with the Partnership’s entry into the Affiliated Company Credit Agreement, the Partnership made an initial draw of $200,583 , the net proceeds of which were used to repay the amounts outstanding under the Partnership's prior credit facility. Additional drawings under the Affiliated Company Credit Agreement are available for general partnership purposes. The obligations under the Affiliated Company Credit Agreement are guaranteed by the Partnership’s subsidiaries and secured by substantially all of the assets of the Partnership and its subsidiaries pursuant to the security agreement and various mortgages. Interest on outstanding obligations under our Affiliated Company Credit Agreement accrues at a fixed rate ranging from 3.75% to 4.75% , depending on the total net leverage ratio. The unused portion of our Affiliated Company Credit Agreement is subject to a commitment fee of 0.50% per annum. The Partnership had available capacity under the Affiliated Company Credit Agreement of $94,075 and $112,000 as of December 31, 2019 and 2018 , respectively. The Affiliated Company Credit Agreement contains certain covenants and conditions that, among other things, limit the Partnership’s ability to: (i) incur or guarantee additional debt; (ii) make cash distributions (subject to certain limited exceptions); provided that we will be able to make cash distributions of available cash to partners so long as no event of default is continuing or would result therefrom; (iii) incur certain liens or permit them to exist; (iv) make particular investments and loans; provided that we will be able to increase our ownership percentage of our undivided interest in the Pennsylvania Mining Complex and make investments in the Pennsylvania Mining Complex in accordance with our ratable ownership; (v) enter into certain types of transactions with affiliates; (vi) merge or consolidate with another company; and (vii) transfer, sell or otherwise dispose of assets. The Partnership is also subject to covenants that require the Partnership to maintain certain financial ratios. For example, the Partnership is obligated to maintain at the end of each fiscal quarter (a) a maximum first lien gross leverage ratio of 2.75 to 1.00 and (b) a maximum total net leverage ratio of 3.25 to 1.00 , each of which will be calculated on a consolidated basis for the Partnership and its restricted subsidiaries at the end of each fiscal quarter. At December 31, 2019 , the Partnership was in compliance with its debt covenants with a first lien gross leverage ratio of 1.84 to 1.00 and a total net leverage ratio of 1.83 to 1.00 . During the year ended December 31, 2019 , the Partnership entered into an asset-backed financing arrangement related to certain equipment. The equipment, which has an approximate value of $1,443 , fully collateralizes the loan. |
Leases
Leases | 12 Months Ended |
Dec. 31, 2019 | |
Leases [Abstract] | |
Leases | LEASES: On January 1, 2019, the Partnership adopted Accounting Standards Codification (“ASC”) Topic 842 using the transition option, “Comparatives Under 840 Option,” established by ASU 2018-11, Leases (Topic 842), Targeted Improvements. As allowed under this guidance, the Partnership elected not to recast the comparative periods presented when transitioning to ASC 842. As most of the Partnership's leases do not provide an implicit rate, the Partnership has taken a portfolio approach of applying its incremental borrowing rate based on the information available at the adoption date to calculate the present value of lease payments over the lease term. The Partnership has elected the package of practical expedients permitted under the transition guidance within the standard, which allows the Partnership (1) to not reassess whether any expired or existing contracts are or contain leases, (2) to not reassess the lease classification for any expired or existing leases, and (3) to not reassess initial direct costs for any existing leases. The Partnership has also elected the practical expedient to not evaluate land easements that existed or expired before its adoption of Topic 842 and the practical expedient to not separate lease and non-lease components; that is, to account lease and non-lease components in a contract as a single lease component for all classes of underlying assets. Further, the Partnership made an accounting policy election to keep leases with an initial term of twelve months or less off the Consolidated Balance Sheets. The Partnership will recognize those lease payments in the Consolidated Statements of Operations over the lease term. For the year ended December 31, 2019 , these short term lease expenses were not material to the Partnership's financial statements. Based on the Partnership's lease portfolio, the standard had a material impact on the Partnership’s Consolidated Balance Sheets, but did not have a significant impact on the Partnership’s consolidated net earnings and cash flows. The most significant impact was the recognition of Right of Use (“ROU”) assets and lease liabilities for operating leases, while the accounting for finance leases remained substantially unchanged. The Partnership's bank covenants were not affected by this update. The Partnership recorded operating lease ROU assets and offsetting operating lease liabilities of approximately $ 20 million as of January 1, 2019, primarily related to mining equipment, based on the present value of the future lease payments on the date of adoption. The Partnership determines if an arrangement is an operating or finance lease at inception of the applicable lease. For leases where the Partnership is the lessee, ROU assets represent the Partnership’s right to use an underlying asset for the lease term and lease liabilities represent an obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As most of the Partnership’s leases do not provide an implicit interest rate, the Partnership uses its incremental borrowing rate based on the information available on the commencement date in determining the present value of lease payments. The ROU asset also consists of any prepaid lease payments, lease incentives received, and costs which will be incurred in exiting a lease. The lease terms used to calculate the ROU asset and related lease liability include options to extend or terminate the lease when it is reasonably certain that the Partnership will exercise that option. Lease expense for operating leases is recognized on a straight-line basis over the lease term as an operating expense while the expense for finance leases is recognized as depreciation expense and interest expense using the interest method of recognition. The Partnership has operating leases for mining or other equipment used in operations and office space. Many leases include one or more options to renew, some of which include options to extend the leases, and some leases include options to terminate or buy out the leases within a set period of time. In some of the Partnership’s lease agreements, the rental payments are adjusted periodically to reflect actual charges incurred for inflation and/or changes in other indexes. Many of our operating lease payments for mining equipment contain a variable component which is calculated based upon production metrics such as feet of advance or raw tonnage mined. While most of our leases contain clauses regarding the general condition of the equipment upon lease termination, they do not contain residual value guarantees. For the year ended December 31, 2019 , the components of operating lease expense were as follows: Fixed Operating Lease Expense $ 6,180 Variable Operating Lease Expense 2,861 Total Operating Lease Expense $ 9,041 Supplemental cash flow information related to the Partnership’s operating leases for the year ended December 31, 2019 was as follows: Cash Paid for Amounts Included in the Measurement of Operating Lease Liabilities $ 6,130 ROU Assets Obtained in Exchange for Operating Lease Obligations $ — The following table presents the lease balances within the Consolidated Balance Sheets, weighted average lease term, and weighted average discount rates related to the Partnership’s operating leases as of December 31, 2019 : Lease Assets and Liabilities Classification Amount Assets: Operating Lease ROU Assets Other Assets $ 15,695 Liabilities: Current: Operating Lease Liabilities Other Accrued Liabilities $ 4,753 Long-Term: Operating Lease Liabilities Operating Lease Liabilities $ 11,507 Total Operating Lease Liabilities $ 16,260 Weighted Average Remaining Lease Term (in Years) 3.46 Weighted Average Discount Rate 6.2 % The Partnership also enters into finance leases for mining equipment and automobiles. Assets arising from finance leases are included in Property, Plant and Equipment — Net and the liabilities are included in Current Portion of Long-Term Debt and Long-Term Debt in the Partnership's Consolidated Balance Sheets. For the year ended December 31, 2019 , the components of finance lease expense were as follows: Amortization of Right of Use Assets $ 3,870 Interest Expense $ 361 The following table presents the weighted average lease term and weighted average discount rates related to the Partnership’s finance leases as of December 31, 2019 : Weighted Average Remaining Lease Term (in Years) 1.67 Weighted Average Discount Rate 4.65 % The following table presents the future maturities of the Partnership’s operating and finance lease liabilities, together with the present value of the net minimum lease payments, at December 31, 2019 : Finance Leases Operating Leases 2020 $ 3,979 $ 5,722 2021 1,213 5,483 2022 173 3,030 2023 179 1,314 2024 138 1,211 Thereafter — 1,730 Total minimum lease payments $ 5,682 $ 18,490 Less amount representing interest 228 2,230 Present value of minimum lease payments $ 5,454 $ 16,260 As of December 31, 2019 , the Partnership had no additional significant operating or finance leases that had not yet commenced. |
Leases | LEASES: On January 1, 2019, the Partnership adopted Accounting Standards Codification (“ASC”) Topic 842 using the transition option, “Comparatives Under 840 Option,” established by ASU 2018-11, Leases (Topic 842), Targeted Improvements. As allowed under this guidance, the Partnership elected not to recast the comparative periods presented when transitioning to ASC 842. As most of the Partnership's leases do not provide an implicit rate, the Partnership has taken a portfolio approach of applying its incremental borrowing rate based on the information available at the adoption date to calculate the present value of lease payments over the lease term. The Partnership has elected the package of practical expedients permitted under the transition guidance within the standard, which allows the Partnership (1) to not reassess whether any expired or existing contracts are or contain leases, (2) to not reassess the lease classification for any expired or existing leases, and (3) to not reassess initial direct costs for any existing leases. The Partnership has also elected the practical expedient to not evaluate land easements that existed or expired before its adoption of Topic 842 and the practical expedient to not separate lease and non-lease components; that is, to account lease and non-lease components in a contract as a single lease component for all classes of underlying assets. Further, the Partnership made an accounting policy election to keep leases with an initial term of twelve months or less off the Consolidated Balance Sheets. The Partnership will recognize those lease payments in the Consolidated Statements of Operations over the lease term. For the year ended December 31, 2019 , these short term lease expenses were not material to the Partnership's financial statements. Based on the Partnership's lease portfolio, the standard had a material impact on the Partnership’s Consolidated Balance Sheets, but did not have a significant impact on the Partnership’s consolidated net earnings and cash flows. The most significant impact was the recognition of Right of Use (“ROU”) assets and lease liabilities for operating leases, while the accounting for finance leases remained substantially unchanged. The Partnership's bank covenants were not affected by this update. The Partnership recorded operating lease ROU assets and offsetting operating lease liabilities of approximately $ 20 million as of January 1, 2019, primarily related to mining equipment, based on the present value of the future lease payments on the date of adoption. The Partnership determines if an arrangement is an operating or finance lease at inception of the applicable lease. For leases where the Partnership is the lessee, ROU assets represent the Partnership’s right to use an underlying asset for the lease term and lease liabilities represent an obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As most of the Partnership’s leases do not provide an implicit interest rate, the Partnership uses its incremental borrowing rate based on the information available on the commencement date in determining the present value of lease payments. The ROU asset also consists of any prepaid lease payments, lease incentives received, and costs which will be incurred in exiting a lease. The lease terms used to calculate the ROU asset and related lease liability include options to extend or terminate the lease when it is reasonably certain that the Partnership will exercise that option. Lease expense for operating leases is recognized on a straight-line basis over the lease term as an operating expense while the expense for finance leases is recognized as depreciation expense and interest expense using the interest method of recognition. The Partnership has operating leases for mining or other equipment used in operations and office space. Many leases include one or more options to renew, some of which include options to extend the leases, and some leases include options to terminate or buy out the leases within a set period of time. In some of the Partnership’s lease agreements, the rental payments are adjusted periodically to reflect actual charges incurred for inflation and/or changes in other indexes. Many of our operating lease payments for mining equipment contain a variable component which is calculated based upon production metrics such as feet of advance or raw tonnage mined. While most of our leases contain clauses regarding the general condition of the equipment upon lease termination, they do not contain residual value guarantees. For the year ended December 31, 2019 , the components of operating lease expense were as follows: Fixed Operating Lease Expense $ 6,180 Variable Operating Lease Expense 2,861 Total Operating Lease Expense $ 9,041 Supplemental cash flow information related to the Partnership’s operating leases for the year ended December 31, 2019 was as follows: Cash Paid for Amounts Included in the Measurement of Operating Lease Liabilities $ 6,130 ROU Assets Obtained in Exchange for Operating Lease Obligations $ — The following table presents the lease balances within the Consolidated Balance Sheets, weighted average lease term, and weighted average discount rates related to the Partnership’s operating leases as of December 31, 2019 : Lease Assets and Liabilities Classification Amount Assets: Operating Lease ROU Assets Other Assets $ 15,695 Liabilities: Current: Operating Lease Liabilities Other Accrued Liabilities $ 4,753 Long-Term: Operating Lease Liabilities Operating Lease Liabilities $ 11,507 Total Operating Lease Liabilities $ 16,260 Weighted Average Remaining Lease Term (in Years) 3.46 Weighted Average Discount Rate 6.2 % The Partnership also enters into finance leases for mining equipment and automobiles. Assets arising from finance leases are included in Property, Plant and Equipment — Net and the liabilities are included in Current Portion of Long-Term Debt and Long-Term Debt in the Partnership's Consolidated Balance Sheets. For the year ended December 31, 2019 , the components of finance lease expense were as follows: Amortization of Right of Use Assets $ 3,870 Interest Expense $ 361 The following table presents the weighted average lease term and weighted average discount rates related to the Partnership’s finance leases as of December 31, 2019 : Weighted Average Remaining Lease Term (in Years) 1.67 Weighted Average Discount Rate 4.65 % The following table presents the future maturities of the Partnership’s operating and finance lease liabilities, together with the present value of the net minimum lease payments, at December 31, 2019 : Finance Leases Operating Leases 2020 $ 3,979 $ 5,722 2021 1,213 5,483 2022 173 3,030 2023 179 1,314 2024 138 1,211 Thereafter — 1,730 Total minimum lease payments $ 5,682 $ 18,490 Less amount representing interest 228 2,230 Present value of minimum lease payments $ 5,454 $ 16,260 As of December 31, 2019 , the Partnership had no additional significant operating or finance leases that had not yet commenced. |
Fair Value of Financial Instrum
Fair Value of Financial Instruments | 12 Months Ended |
Dec. 31, 2019 | |
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, 2019 December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value Affiliated Company Credit Agreement - Related Party $ 180,925 $ 180,925 $ 163,000 $ 163,000 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, 2019 | |
Asset Retirement Obligation Disclosure [Abstract] | |
Asset Retirement Obligations | ASSET RETIREMENT OBLIGATIONS: December 31, December 31, Balance at Beginning of Period $ 10,977 $ 10,496 Accretion Expense 906 813 Payments (496 ) (50 ) Revisions in Estimated Cash Flows 368 (282 ) Balance at End of Period $ 11,755 $ 10,977 |
Coal Workers' Pneumoconiosis (C
Coal Workers' Pneumoconiosis (CWP) and Workers' Compensation | 12 Months Ended |
Dec. 31, 2019 | |
Retirement Benefits [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 discount rate changes, differences in incident rates and severity of claims filed as compared to original assumptions. The Partnership is also contractually required 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 programs 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 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, 2019 2018 2019 2018 Change in Benefit Obligation: Benefit Obligation at Beginning of Period $ 4,425 $ 4,028 $ 4,522 $ 4,785 State Administrative Fees and Insurance Bond Premiums — — 201 90 Service Cost 801 1,489 1,395 1,464 Interest Cost 194 144 165 139 Actuarial Loss (Gain) 990 (1,050 ) 77 (355 ) Benefits and Fees Paid (181 ) (186 ) (1,430 ) (1,601 ) Benefit Obligation at End of Period $ 6,229 $ 4,425 $ 4,930 $ 4,522 Funded Status: Current Assets $ — $ — $ 104 $ 151 Current Liabilities (201 ) (165 ) (1,423 ) (1,554 ) Noncurrent Liabilities (6,028 ) (4,260 ) (3,611 ) (3,119 ) Net Obligation Recognized $ (6,229 ) $ (4,425 ) $ (4,930 ) $ (4,522 ) Amounts Recognized in Accumulated Other Comprehensive Income Consist of: Net Actuarial Gain $ 7,250 $ 8,215 $ 3,389 $ 3,515 Net Amount Recognized $ 7,250 $ 8,215 $ 3,389 $ 3,515 The components of net periodic benefit cost are as follows: CWP Workers ’ Compensation For the Years Ended December 31, For the Years Ended December 31, 2019 2018 2019 2018 Service Cost $ 801 $ 1,489 $ 1,395 $ 1,464 Interest Cost 194 144 165 139 Recognized Net Actuarial Loss (Gain) 25 (21 ) (50 ) (4 ) State Administrative Fees and Insurance Bond Premiums — — 201 90 Net Periodic Benefit Cost $ 1,020 $ 1,612 $ 1,711 $ 1,689 Amounts that are currently included in accumulated other comprehensive (loss) income are $(163) and $34 for CWP benefits and Workers’ Compensation benefits, respectively, that are expected to be recognized in 2020 net periodic benefit costs: Assumptions: The weighted-average discount rates used to determine benefit obligations and net periodic benefit costs are as follows: CWP Workers ’ Compensation For the Years Ended For the Years Ended December 31, December 31, 2019 2018 2019 2018 Benefit Obligations 3.41 % 4.42 % 3.25 % 4.26 % Net Periodic Benefit Costs 4.42 % 3.75 % 4.26 % 3.57 % 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 $ (47 ) $ 50 Workers’ Compensation Costs (Decrease) Increase $ (23 ) $ 24 Cash Flows: The Partnership does not intend to make contributions to the CWP or Workers’ Compensation plans in 2020. 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 2020 $ 201 $ 1,497 $ 1,319 $ 178 2021 225 1,661 1,479 182 2022 257 1,765 1,578 187 2023 276 1,868 1,677 191 2024 301 1,931 1,735 196 Year 2025-2029 2,070 10,762 9,706 1,056 |
Other Benefit Plans
Other Benefit Plans | 12 Months Ended |
Dec. 31, 2019 | |
Retirement Benefits [Abstract] | |
Other Benefit Plans | OTHER BENEFIT PLANS: Pension: The Partnership is contractually obligated to fund 25% of CPCC’s portion of employees, which provide mining services to the Partnership, that participate in the CONSOL Energy Inc. Employee Retirement Plan (the “Plan”). The Plan is a non-contributory defined benefit retirement plan covering substantially all full-time non-represented employees. Effective December 31, 2015, the Plan was frozen for all remaining participants in the Plan. The benefits for the Plan are based primarily on years of service and employees’ pay. The costs of these benefits during the years ended December 31, 2019 and 2018 were $258 and $258 , 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 our former sponsor’s investment plan through August 31, 2017 and 25% of CPCC’s portion of the CPCC’s investment plan (the “CPCC 401k plan”) beginning September 1, 2017. Eligible employees of CPCC began participation in the CPCC 401k plan on September 1, 2017, which was the inception date of the CPCC 401k Plan. Effective December 31, 2019, the CPCC 401k Plan was amended to change its sponsor from CONSOL Pennsylvania Coal Company to CONSOL Energy Inc., and the plan's name was changed from the CONSOL Pennsylvania Coal Company Investment Plan to the CONSOL Energy Inc. Investment Plan (the “CEIX 401k Plan”). Both the 401k plan of our former sponsor and the CEIX 401k Plans are available to most employees and include company matching of 6% of eligible compensation contributed by eligible employees of CPCC. Total payments and costs were $2,389 and $4,795 for the years ended December 31, 2019 and 2018 , respectively. These costs are reflected in Operating and Other Costs in the Consolidated Statements of Operations. The CEIX 401k Plan also provides for discretionary contributions ranging from 1% to 6% of eligible compensation for eligible employees (as defined by the CEIX 401k Plan). For the year ended December 31, 2018, $2,330 was accrued as a discretionary contribution under this plan and was paid into employees accounts in the first quarter of 2019. There were no such discretionary contributions made for the year ended December 31, 2019 . These costs are reflected in Operating and Other Costs in the Consolidated Statements of Operations and recorded in Accounts Payable on the Consolidated Balance Sheets. 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, 2019 December 31, 2018 Net periodic benefit costs $ 143 $ 119 Discount rate assumption used to determine net periodic benefit costs 3.97 % 3.22 % Long-Term Disability-related liabilities are included in Other Liabilities-Other and Other Accrued Liabilities on the Consolidated Balance Sheets and amounted to $705 and $413 at December 31, 2019 and 2018 , respectively. |
Supplemental Cash Flow Informat
Supplemental Cash Flow Information | 12 Months Ended |
Dec. 31, 2019 | |
Supplemental Cash Flow Elements [Abstract] | |
Supplemental Cash Flow Information | SUPPLEMENTAL CASH FLOW INFORMATION: As of December 31, 2019 and 2018 , the Partnership purchased goods and services related to capital projects in the amount of $838 and $467 , respectively, which are included in accounts payable and the current portion of long-term debt on the Consolidated Balance Sheets. During the year ended December 31, 2019 , the Partnership entered into non-cash finance lease arrangements of $717 . During the year ended December 31, 2018 , the Partnership terminated two operating leases on its longwall shields, and refinanced these as finance leases in the amount of $ 11,495 . For the years ended December 31, 2019 and 2018 , the Partnership paid interest expense, net of capitalized interest, of $5,802 and $5,709 , respectively. |
Concentration of Credit Risk
Concentration of Credit Risk | 12 Months Ended |
Dec. 31, 2019 | |
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. Substantially all revenues were generated from sales based in the United States for the years ended December 31, 2019 and 2018 . Less than 2% of the Partnership's revenues were generated from sales based in Canada for the year ended December 31, 2019 . During the years ended December 31, 2019 and 2018 , three customers each accounted for over 10% of the Partnership's total coal sales revenue, aggregating approximately 70% and 57% , respectively, of our sales. Additionally, two of the Partnership's customers had outstanding balances each in excess of 10% of the total trade receivables balance as of December 31, 2019 and 2018 . The Partnership has contractual relationships with certain coal exporters who distribute coal to international markets. For the years ended December 31, 2019 and 2018 , approximately 35% and 29% |
Commitments and Contingent Liab
Commitments and Contingent Liabilities | 12 Months Ended |
Dec. 31, 2019 | |
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 its 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. 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, 2019 , the Partnership was 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 $99,451 . The instruments are comprised of $1,937 of letters of credit expiring in the next three years , $88,895 of environmental surety bonds expiring within the next three years and $8,619 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. |
Receivables Financing Agreement
Receivables Financing Agreement | 12 Months Ended |
Dec. 31, 2019 | |
Debt Disclosure [Abstract] | |
Receivables Financing Agreement | RECEIVABLES FINANCING AGREEMENT On November 30, 2017, (i) CONSOL Marine Terminals LLC, as an originator of receivables, (ii) CPCC, as an originator of receivables and as initial servicer of the receivables for itself and the other originators (collectively, the “Originators”), each a wholly owned subsidiary of CONSOL Energy, and (iii) CONSOL Funding LLC (the “SPV”), as buyer, entered into a Purchase and Sale Agreement (the “Purchase and Sale Agreement”). Concurrently, (i) CONSOL Thermal Holdings, as sub-originator, and (ii) CPCC, as buyer and as initial servicer of the receivables for itself and CONSOL Thermal Holdings, entered into a Sub-Originator Agreement (the “Sub-Originator PSA”). In addition, on that date, the SPV entered into a Receivables Financing Agreement (the “Receivables Financing Agreement”) by and among (i) the SPV, as borrower, (ii) CPCC, as initial servicer, (iii) PNC, as administrative agent, LC Bank and lender, and (iv) the additional persons from time to time party thereto as lenders. Together, the Purchase and Sale Agreement, the Sub-Originator PSA and the Receivables Financing Agreement establish the primary terms and conditions of an accounts receivable securitization program (the “Securitization”). On August 30, 2018, the Securitization was amended, among other things, to extend the scheduled termination date to August 30, 2021. Pursuant to the Securitization, (i) CONSOL Thermal Holdings will sell current and future trade receivables to CPCC and (ii) the Originators will sell and/or contribute current and future trade receivables (including receivables sold to CPCC by CONSOL Thermal Holdings) to the SPV and the SPV will, in turn, pledge its interests in the receivables to PNC, which will either make loans or issue letters of credit on behalf of the SPV. The maximum amount of advances and letters of credit outstanding under the Securitization may not exceed $100,000 . Loans under the Securitization will accrue interest at a reserve-adjusted LIBOR market index rate equal to the one-month Eurodollar rate. Loans and letters of credit under the Securitization also will accrue a program fee and participation fee, respectively, ranging from 2.00% to 2.50% per annum, depending on the total net leverage ratio of CONSOL Energy. In addition, the SPV paid certain structuring fees to PNC Capital Markets LLC and will pay other customary fees to the lenders, including a fee on unused commitments. The SPV’s assets and credit are not available to satisfy the debts and obligations owed to the creditors of CONSOL Energy, CONSOL Thermal Holdings or any of the Originators. CONSOL Thermal Holdings, the Originators and CPCC as servicer are independently liable for their own customary representations, warranties, covenants and indemnities. In addition, CONSOL Energy has guaranteed the performance of the obligations of CONSOL Thermal Holdings, the Originators and CPCC as servicer, and will guarantee the obligations of any additional originators or successor servicer that may become party to the Securitization. However, neither CONSOL Energy nor its affiliates will guarantee collectability of receivables or the creditworthiness of obligors thereunder. The Securitization contains various customary representations and warranties, covenants and default provisions which provide for the termination and acceleration of the commitments and loans under the Securitization in circumstances including, but not limited to, failure to make payments when due, breach of representation, warranty or covenant, certain insolvency events or failure to maintain the security interest in the trade receivables, and defaults under other material indebtedness. As of December 31, 2019 and 2018 , respectively, the Partnership, through CONSOL Thermal Holdings, had sold $33,294 and $21,871 of trade receivables to CPCC. The Partnership has not derecognized the receivables due to its continued involvement in the collections efforts. |
Related Party
Related Party | 12 Months Ended |
Dec. 31, 2019 | |
Related Party Transactions [Abstract] | |
Related Party | RELATED PARTY: Omnibus Agreement The Partnership is a party to the Omnibus Agreement, dated September 30, 2016, as amended on November 28, 2017, with our sponsor and certain of its subsidiaries. Under the Omnibus Agreement, we are obligated to make certain payments to, and reimburse, CONSOL Energy for the provision of certain services in connection with our operations. Charges for services from CONSOL Energy under the Omnibus Agreement include the following: For the Years Ended December 31, 2019 2018 Operating and Other Costs $ 3,219 $ 2,918 Selling, General and Administrative Expenses 8,309 8,300 Total Services from CONSOL Energy $ 11,528 $ 11,218 At December 31, 2019 and December 31, 2018 , the Partnership had a net payable to CONSOL Energy in the amount of $1,419 and $3,831 , respectively. This payable includes reimbursements for business expenses, executive fees, stock-based compensation and other items under the Omnibus Agreement. Affiliated Company Credit Agreement As described in Note 9, the Partnership is also a party to the Affiliated Company Credit Agreement with CONSOL Energy. For the year ended December 31, 2019 and 2018 , $7,892 and $7,709 , respectively, of interest was incurred under the Affiliated Company Credit Agreement, of which $1,671 and $1,042 , respectively, was capitalized and included in Property, Plant and Equipment on the Consolidated Balance Sheets. Interest is calculated based upon a fixed rate, determined quarterly, depending on the total net leverage ratio. For the years ended December 31, 2019 and 2018 , the average interest rate was 3.85% and 3.97% , respectively. See Note 9 - Long-Term Debt for more information. Repurchase Program In May 2019, CONSOL Energy's Board of Directors approved an expansion of the stock, unit and debt repurchase program. The program previously allowed CONSOL Energy to use up to $ 25 million of the program to purchase the Partnership's outstanding common units in the open market. CONSOL Energy's Board of Directors approved changing the termination date of the program from June 30, 2019 to June 30, 2020. Also, in accordance with CONSOL Energy’s credit facility covenants, the total amount that can be used for repurchases of the Partnership's outstanding common units was raised to $50 million . During the years ended December 31, 2019 and 2018 , 26,297 and 167,958 common units were repurchased at an average price of $14.05 and $ 18.33 per unit, respectively. Conversion of Subordinated Units In August 2019, upon payment of the cash distribution with respect to the quarter ended June 30, 2019, the financial requirements for the conversion of all the Partnership's subordinated units were satisfied. As a result, all 11,611,067 subordinated units, owned entirely by CONSOL Energy Inc., were converted into common units on a one -for-one basis. The conversion did not impact the amount of the cash distribution paid or the total number of the Partnership’s outstanding units representing limited partner interests. |
Long-Term Incentive Plan
Long-Term Incentive Plan | 12 Months Ended |
Dec. 31, 2019 | |
Share-based Payment Arrangement [Abstract] | |
Long-Term Incentive Plan | LONG-TERM INCENTIVE PLAN: Under the CONSOL 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 Partnership recognizes forfeitures as they occur. The general partner has granted equity-based phantom units that vest over a period of a recipient ’ 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 $1,409 and $1,842 of compensation expense for the years ended December 31, 2019 and 2018 , respectively, which is included in Selling, General and Administrative Expense in the Consolidated Statements of Operations. As of December 31, 2019 , there is $121 of unearned compensation that will vest over a weighted average period of 0.09 years . The total fair value of phantom units vested during the years ended December 31, 2019 and 2018 was $2,906 and $2,508 , respectively. 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, 2018 223,676 $ 15.67 Granted 17,190 $ 17.45 Vested (158,554 ) $ 13.41 Forfeited (3,967 ) $ 18.95 Nonvested at December 31, 2019 78,345 $ 18.62 |
Financial Information for Subsi
Financial Information for Subsidiary Guarantors and Finance Subsidiary of Possible Future Public Debt | 12 Months Ended |
Dec. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Financial Information for Subsidiary Guarantors and Finance Subsidiary of Possible Future Public Debt | FINANCIAL INFORMATION FOR SUBSIDIARY GUARANTORS AND FINANCE SUBSIDIARY OF POSSIBLE FUTURE PUBLIC DEBT: |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2019 | |
Subsequent Events [Abstract] | |
Subsequent Events | SUBSEQUENT EVENTS: On January 24, 2020, the Board of Directors of our general partner declared a cash distribution of $0.5125 per unit for the quarter ended December 31, 2019 |
Significant Accounting Polici_2
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Consolidation and Presentation: We are a master limited partnership formed in 2015 to manage and further develop all of our sponsor's active coal operations in Pennsylvania. For the years ended December 31, 2019 and 2018 , the Consolidated Financial Statements include the accounts of CONSOL Operating and CONSOL Thermal Holdings, wholly owned and controlled subsidiaries. |
Use of Estimates | 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 recoverable coal reserve values. |
Cash | Cash: Cash includes cash on hand and on deposit with banking institutions. |
Trade Receivables and Allowance for Doubtful Accounts | Trade Receivables and Allowance for Doubtful Accounts: |
Inventories | Inventories: Inventories are stated at the lower of cost or net realizable value. 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: 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 in which 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 coal 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 recoverable coal reserves. Advance mining royalties and leased coal interests are evaluated for impairment issues 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 Other Income 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 recoverable coal reserve tons assigned and accessible to the mine. Recoverable 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: |
Pneumoconiosis Benefits and Workers' Compensation | 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 | 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 to 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 obligations is capitalized as part of the carrying amount of the long-lived asset. Depreciation of the capitalized asset retirement obligation 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. 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: Subsidence occurs when there is damage of the ground surface due to the removal of underlying coal. Areas affected may include, although not be 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 | 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, 2019 and 2018 , 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 | Revenue Recognition: Revenues are generally recognized when title passes to the customers and the price is fixed and determinable. Generally, title passes when coal is loaded at the central preparation facility and, on occasion, at terminal locations or other customer destinations. Our coal contract revenue per ton is fixed and determinable and adjusted for nominal quality adjustments. Some coal contracts also contain positive electric power price-related adjustments in addition to a fixed base-price per ton. None of the Partnership's coal contracts allow for retroactive adjustments to pricing after title to the coal has passed. See Note 2 - Revenue for more information. 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. Our revenue is generally recognized when title passes to the customer and the price is fixed and determinable. We have determined that each ton of coal represents a separate and distinct performance obligation. Our coal supply contracts and other sales and operating revenue contracts vary in length from short-term to long-term contracts and do not typically have significant financing components. The estimated transaction price from each of our contracts is based on the total amount of consideration to which we expect to be entitled under the contract. Included in the transaction price for certain coal supply contracts is the impact of variable consideration, including quality price adjustments, handling services, per ton price fluctuations based on certain coal sales price indices and anticipated payments in lieu of shipments. The estimated transaction price for each contract is allocated to our performance obligations based on relative standalone selling prices determined at contract inception. Coal Revenue Revenues are recognized when title passes to the customers and the price is fixed and determinable. Generally, title passes when coal is loaded at the central preparation facility and, on occasion, at terminal locations or other customer destinations. Our coal contract revenue per ton is fixed and determinable and adjusted for nominal quality adjustments. Some coal contracts also contain positive electric power price-related adjustments in addition to a fixed base-price per ton. None of the Partnership's coal contracts allow for retroactive adjustments to pricing after title to the coal has passed. Some of our contracts span multiple years and have annual pricing modification provisions, based upon market-driven or inflationary adjustments, where no additional value is exchanged. Also, some of our contracts contain favorable electric power price-related adjustments, which represent market-driven price adjustments, wherein there is no additional value exchanged. Management believes that the invoice price is the most appropriate rate at which to recognize revenue. While we do, from time to time, experience costs of obtaining coal customer contracts with amortization periods greater than one year, those costs have been immaterial to our net income. As of and for the years ended December 31, 2019 and December 31, 2018 , we do not have any capitalized costs to obtain customer contracts on our balance sheet nor have we recognized any amortization of previously existing capitalized costs of obtaining customer contracts. Further, the Partnership has not recognized any revenue in the current period from performance obligations satisfied (or partially satisfied) in previous periods. Freight Revenue Some of our coal contracts require that we sell our coal at locations other than our central preparation plant. The cost to transport our coal to the ultimate sales point is passed through to our customers and we recognize the freight revenue equal to the transportation cost when title of the coal passes to the customer. |
Contingencies | 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 | Recent Accounting Pronouncements: In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-15 - Intangibles - Goodwill and Other - Internal Use Software (Subtopic 350-40) to help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement (hosting arrangement) by providing guidance for determining when the arrangement includes a software license. The amendments in update 2018-15 align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements of capitalizing implementation costs incurred to develop or obtain internal-use software. These changes will be effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Management does not expect this update to have a material impact on the Partnership's financial statements. In August 2018, the FASB issued ASU 2018-14 - Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20) to improve the effectiveness of disclosures in the notes to the financial statements by facilitating clear communication of the information required by GAAP. The amendments modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. These changes will be effective for fiscal years ending after December 15, 2020, including interim periods within those fiscal years. Management is currently evaluating the impact this guidance may have on the Partnership's financial statements. In August 2018, the FASB issued ASU 2018-13 - Fair Value Measurement (Topic 820) to improve the effectiveness of disclosures in the notes to the financial statements by facilitating clear communication of the information required by GAAP. The amendments modify the disclosure requirements on fair value measurements, including the consideration of costs and benefits. These changes will be effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Management does not expect this update to have a material impact on the Partnership's financial statements. |
Reclassifications | Reclassifications: Certain amounts in prior periods have been reclassified to conform with the report classifications of the current period, including the reclassification of the Current Portion of Long-Term Debt, previously included in Other Accrued Liabilities on the Consolidated Balance Sheets. These reclassifications had no effect on previously reported Total Current Liabilities and are not material to the prior year presentation. |
Significant Accounting Polici_3
Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Accounting Policies [Abstract] | |
Schedule of 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 $ 666,560 $ 636,105 Coal Properties and Surface Lands 126,294 122,679 Airshafts 106,750 102,275 Mine Development 81,538 81,538 Coal Advance Mining Royalties 3,756 3,701 Total Property, Plant and Equipment 984,898 946,298 Less: Accumulated Depreciation, Depletion and Amortization 571,238 526,747 Total Property, Plant and Equipment, Net $ 413,660 $ 419,551 |
Revenue (Tables)
Revenue (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Revenue from Contract with Customer [Abstract] | |
Schedule of Disaggregation of Revenue | The following table disaggregates our revenue from contracts with customers for the years ended December 31, 2019 and December 31, 2018 : Year Ended December 31, 2019 Year Ended December 31, 2018 Coal Revenue $ 322,132 $ 341,073 Freight Revenue 4,917 10,893 Total Revenue from Contracts with Customers $ 327,049 $ 351,966 |
Net Income per Limited Partne_2
Net Income per Limited Partner and General Partner Interest (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Earnings Per Share [Abstract] | |
Schedule of Net Income per Unit | The following table illustrates the Partnership’s calculation of net income per unit for common and subordinated partner units: For the Year Ended For the Year Ended December 31, 2019 December 31, 2018 Net Income $ 45,551 $ 66,566 Less: General Partner Interest in Net Income 768 1,127 Net Income Allocable to Limited Partner Units $ 44,783 $ 65,439 Limited Partner Interest in Net Income - Common Units $ 32,552 $ 37,832 Limited Partner Interest in Net Income - Subordinated Units 12,231 27,607 Limited Partner Interest in Net Income - Basic & Diluted $ 44,783 $ 65,439 Weighted Average Limited Partner Units Outstanding - Basic 27,622,032 27,511,804 Weighted Average Limited Partner Units Outstanding - Diluted 27,659,790 27,611,924 Net Income Per Limited Partner Unit - Basic Common Units $ 1.62 $ 2.38 Subordinated Units $ 1.05 $ 2.38 Net Income Per Limited Partner Unit - Basic $ 1.62 $ 2.38 Net Income Per Limited Partner Unit - Diluted Common Units $ 1.62 $ 2.36 Subordinated Units $ 1.05 $ 2.38 Net Income Per Limited Partner Unit - Diluted $ 1.62 $ 2.37 |
Other Income (Tables)
Other Income (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Other Income and Expenses [Abstract] | |
Schedule of Other Income | For the Years Ended December 31, 2019 2018 Purchased Coal Sales $ 3,096 $ 4,788 Coal Contract Buyout 2,490 87 Property Easement and Option Income 268 295 Loss on Sale of Assets (49 ) (34 ) Other 74 73 Total Other Income $ 5,879 $ 5,209 |
Interest Expense (Tables)
Interest Expense (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Interest Expense [Abstract] | |
Schedule of Interest Expense | For the Years Ended December 31, 2019 2018 Interest on Affiliated Company Credit Agreement—Related Party $ 7,892 $ 7,709 Interest on Finance Leases 361 451 Capitalized Interest (1,671 ) (1,508 ) Interest on Other Payables, Net 22 15 Total Interest Expense $ 6,604 $ 6,667 |
Inventories (Tables)
Inventories (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Inventory Disclosure [Abstract] | |
Schedule of Inventory | December 31, December 31, Coal $ 621 $ 1,160 Supplies 12,032 9,906 Total Inventories $ 12,653 $ 11,066 |
Property, Plant and Equipment (
Property, Plant and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Property, Plant and Equipment [Abstract] | |
Schedule of 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 $ 666,560 $ 636,105 Coal Properties and Surface Lands 126,294 122,679 Airshafts 106,750 102,275 Mine Development 81,538 81,538 Coal Advance Mining Royalties 3,756 3,701 Total Property, Plant and Equipment 984,898 946,298 Less: Accumulated Depreciation, Depletion and Amortization 571,238 526,747 Total Property, Plant and Equipment, Net $ 413,660 $ 419,551 |
Other Accrued Liabilities (Tabl
Other Accrued Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Payables and Accruals [Abstract] | |
Schedule of Accrued Liabilities | December 31, December 31, 2018 Subsidence Liability $ 22,661 $ 20,883 Accrued Payroll and Benefits 4,460 2,693 Accrued Interest (Related Party) 2,541 1,767 Accrued Other Taxes 921 1,071 Equipment Lease Rental — 515 Other 1,383 1,925 Current Portion of Long-Term Liabilities: Operating Lease Liability 4,753 — Workers' Compensation 1,423 1,554 Asset Retirement Obligations 954 1,202 Pneumoconiosis Benefits 201 165 Long-Term Disability 158 141 Total Other Accrued Liabilities $ 39,455 $ 31,916 |
Long-Term Debt (Tables)
Long-Term Debt (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Debt Disclosure [Abstract] | |
Schedule of Long-term Debt Instruments | December 31, December 31, Affiliated Company Credit Agreement (4.00% and 3.75% interest rate at December 31, 2019 and December 31, 2018, respectively) $ 180,925 $ 163,000 Other Asset-Backed Financing Maturing in December 2020, 5.96% Weighted Average Interest Rate at December 31, 2019 1,443 — 182,368 163,000 Less: Amounts Due in One Year* 1,443 — Long-Term Debt $ 180,925 $ 163,000 * Excludes current portion of Finance Lease Obligations of $3,809 and $3,503 at December 31, 2019 and December 31, 2018 , respectively. |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Leases [Abstract] | |
Components of Operating and Finance Leases | For the year ended December 31, 2019 , the components of operating lease expense were as follows: Fixed Operating Lease Expense $ 6,180 Variable Operating Lease Expense 2,861 Total Operating Lease Expense $ 9,041 Supplemental cash flow information related to the Partnership’s operating leases for the year ended December 31, 2019 was as follows: Cash Paid for Amounts Included in the Measurement of Operating Lease Liabilities $ 6,130 ROU Assets Obtained in Exchange for Operating Lease Obligations $ — The following table presents the lease balances within the Consolidated Balance Sheets, weighted average lease term, and weighted average discount rates related to the Partnership’s operating leases as of December 31, 2019 : Lease Assets and Liabilities Classification Amount Assets: Operating Lease ROU Assets Other Assets $ 15,695 Liabilities: Current: Operating Lease Liabilities Other Accrued Liabilities $ 4,753 Long-Term: Operating Lease Liabilities Operating Lease Liabilities $ 11,507 Total Operating Lease Liabilities $ 16,260 Weighted Average Remaining Lease Term (in Years) 3.46 Weighted Average Discount Rate 6.2 % The Partnership also enters into finance leases for mining equipment and automobiles. Assets arising from finance leases are included in Property, Plant and Equipment — Net and the liabilities are included in Current Portion of Long-Term Debt and Long-Term Debt in the Partnership's Consolidated Balance Sheets. For the year ended December 31, 2019 , the components of finance lease expense were as follows: Amortization of Right of Use Assets $ 3,870 Interest Expense $ 361 The following table presents the weighted average lease term and weighted average discount rates related to the Partnership’s finance leases as of December 31, 2019 : Weighted Average Remaining Lease Term (in Years) 1.67 Weighted Average Discount Rate 4.65 % |
Schedule of Future Maturities of Finance Lease Liabilities | The following table presents the future maturities of the Partnership’s operating and finance lease liabilities, together with the present value of the net minimum lease payments, at December 31, 2019 : Finance Leases Operating Leases 2020 $ 3,979 $ 5,722 2021 1,213 5,483 2022 173 3,030 2023 179 1,314 2024 138 1,211 Thereafter — 1,730 Total minimum lease payments $ 5,682 $ 18,490 Less amount representing interest 228 2,230 Present value of minimum lease payments $ 5,454 $ 16,260 |
Schedule of Future Maturities of Operating Lease Liabilities | The following table presents the future maturities of the Partnership’s operating and finance lease liabilities, together with the present value of the net minimum lease payments, at December 31, 2019 : Finance Leases Operating Leases 2020 $ 3,979 $ 5,722 2021 1,213 5,483 2022 173 3,030 2023 179 1,314 2024 138 1,211 Thereafter — 1,730 Total minimum lease payments $ 5,682 $ 18,490 Less amount representing interest 228 2,230 Present value of minimum lease payments $ 5,454 $ 16,260 |
Fair Value of Financial Instr_2
Fair Value of Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
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, 2019 December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value Affiliated Company Credit Agreement - Related Party $ 180,925 $ 180,925 $ 163,000 $ 163,000 |
Asset Retirement Obligations (T
Asset Retirement Obligations (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Asset Retirement Obligation Disclosure [Abstract] | |
Schedule of Change in Asset Retirement Obligations | December 31, December 31, Balance at Beginning of Period $ 10,977 $ 10,496 Accretion Expense 906 813 Payments (496 ) (50 ) Revisions in Estimated Cash Flows 368 (282 ) Balance at End of Period $ 11,755 $ 10,977 |
Coal Workers' Pneumoconiosis _2
Coal Workers' Pneumoconiosis (CWP) and Workers' Compensation (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Retirement Benefits [Abstract] | |
Schedule of Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan | CWP Workers ’ Compensation December 31, December 31, 2019 2018 2019 2018 Change in Benefit Obligation: Benefit Obligation at Beginning of Period $ 4,425 $ 4,028 $ 4,522 $ 4,785 State Administrative Fees and Insurance Bond Premiums — — 201 90 Service Cost 801 1,489 1,395 1,464 Interest Cost 194 144 165 139 Actuarial Loss (Gain) 990 (1,050 ) 77 (355 ) Benefits and Fees Paid (181 ) (186 ) (1,430 ) (1,601 ) Benefit Obligation at End of Period $ 6,229 $ 4,425 $ 4,930 $ 4,522 Funded Status: Current Assets $ — $ — $ 104 $ 151 Current Liabilities (201 ) (165 ) (1,423 ) (1,554 ) Noncurrent Liabilities (6,028 ) (4,260 ) (3,611 ) (3,119 ) Net Obligation Recognized $ (6,229 ) $ (4,425 ) $ (4,930 ) $ (4,522 ) Amounts Recognized in Accumulated Other Comprehensive Income Consist of: Net Actuarial Gain $ 7,250 $ 8,215 $ 3,389 $ 3,515 Net Amount Recognized $ 7,250 $ 8,215 $ 3,389 $ 3,515 |
Schedule of Net Periodic Benefit Costs | The components of net periodic benefit cost are as follows: CWP Workers ’ Compensation For the Years Ended December 31, For the Years Ended December 31, 2019 2018 2019 2018 Service Cost $ 801 $ 1,489 $ 1,395 $ 1,464 Interest Cost 194 144 165 139 Recognized Net Actuarial Loss (Gain) 25 (21 ) (50 ) (4 ) State Administrative Fees and Insurance Bond Premiums — — 201 90 Net Periodic Benefit Cost $ 1,020 $ 1,612 $ 1,711 $ 1,689 |
Schedule of Assumptions Used | The weighted-average discount rates used to determine benefit obligations and net periodic benefit costs are as follows: CWP Workers ’ Compensation For the Years Ended For the Years Ended December 31, December 31, 2019 2018 2019 2018 Benefit Obligations 3.41 % 4.42 % 3.25 % 4.26 % Net Periodic Benefit Costs 4.42 % 3.75 % 4.26 % 3.57 % |
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 $ (47 ) $ 50 Workers’ Compensation Costs (Decrease) Increase $ (23 ) $ 24 |
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 2020 $ 201 $ 1,497 $ 1,319 $ 178 2021 225 1,661 1,479 182 2022 257 1,765 1,578 187 2023 276 1,868 1,677 191 2024 301 1,931 1,735 196 Year 2025-2029 2,070 10,762 9,706 1,056 |
Other Benefit Plans (Tables)
Other Benefit Plans (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Retirement Benefits [Abstract] | |
Schedule of Defined Benefit Plans Disclosures | For the Years Ended December 31, 2019 December 31, 2018 Net periodic benefit costs $ 143 $ 119 Discount rate assumption used to determine net periodic benefit costs 3.97 % 3.22 % |
Related Party (Tables)
Related Party (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Related Party Transactions [Abstract] | |
Schedule of Related Party Transactions | Charges for services from CONSOL Energy under the Omnibus Agreement include the following: For the Years Ended December 31, 2019 2018 Operating and Other Costs $ 3,219 $ 2,918 Selling, General and Administrative Expenses 8,309 8,300 Total Services from CONSOL Energy $ 11,528 $ 11,218 |
Long-Term Incentive Plan (Table
Long-Term Incentive Plan (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Share-based Payment Arrangement [Abstract] | |
Schedule of Nonvested Phantom Units | 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, 2018 223,676 $ 15.67 Granted 17,190 $ 17.45 Vested (158,554 ) $ 13.41 Forfeited (3,967 ) $ 18.95 Nonvested at December 31, 2019 78,345 $ 18.62 |
Significant Accounting Polici_4
Significant Accounting Policies (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Related Party Transaction [Line Items] | ||
Allowance for doubtful accounts | $ 525,000 | $ 0 |
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% |
Revenue (Details)
Revenue (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disaggregation of Revenue [Line Items] | ||
Revenue | $ 327,049 | $ 351,966 |
Coal Revenue | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 322,132 | 341,073 |
Freight Revenue | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | $ 4,917 | $ 10,893 |
Net Income per Limited Partne_3
Net Income per Limited Partner and General Partner Interest (Details) - USD ($) $ / shares in Units, $ in Thousands | Aug. 16, 2019 | Aug. 31, 2019 | Dec. 31, 2019 | Dec. 31, 2018 |
Limited Partners' Capital Account [Line Items] | ||||
Net Income | $ 45,551 | $ 66,566 | ||
Less: General Partner Interest in Net Income | 768 | 1,127 | ||
Limited Partner Interest in Net Income | 44,783 | 65,439 | ||
Net Income Allocable to Limited Partner Units | $ 44,783 | $ 65,439 | ||
Weighted Average Limited Partner Units Outstanding - Basic (in shares) | 27,622,032 | 27,511,804 | ||
Weighted Average Limited Partner Units Outstanding - Diluted (in shares) | 27,659,790 | 27,611,924 | ||
Net Income Per Limited Partner Unit - Basic (in dollars per share) | $ 1.62 | $ 2.38 | ||
Net Income per Limited Partner Unit - Diluted (in dollars per share) | $ 1.62 | $ 2.37 | ||
Antidilutive securities excluded from computation of earnings per share (in shares) | 0 | 0 | ||
Common Unit | ||||
Limited Partners' Capital Account [Line Items] | ||||
Conversion basis (in shares) | 1 | 1 | ||
Net Income | $ 32,552 | $ 37,832 | ||
Net Income Per Limited Partner Unit - Basic (in dollars per share) | $ 1.62 | $ 2.38 | ||
Net Income per Limited Partner Unit - Diluted (in dollars per share) | $ 1.62 | $ 2.36 | ||
Subordinated Unit | ||||
Limited Partners' Capital Account [Line Items] | ||||
Number of shares converted | 11,611,067 | 11,611,067 | ||
Limited Partner Interest in Net Income | $ 12,231 | $ 27,607 | ||
Net Income Per Limited Partner Unit - Basic (in dollars per share) | $ 1.05 | $ 2.38 | ||
Net Income per Limited Partner Unit - Diluted (in dollars per share) | $ 1.05 | $ 2.38 |
Other Income (Details)
Other Income (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Other Income and Expenses [Abstract] | ||
Purchased Coal Sales | $ 3,096 | $ 4,788 |
Coal Contract Buyout | 2,490 | 87 |
Property Easement and Option Income | 268 | 295 |
Loss on Sale of Assets | (49) | (34) |
Other | 74 | 73 |
Total Other Income | $ 5,879 | $ 5,209 |
Interest Expense (Details)
Interest Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | ||
Interest Expense [Abstract] | |||
Interest on Affiliated Company Credit Agreement—Related Party | $ 7,892 | $ 7,709 | |
Interest on Finance Leases | 361 | ||
Interest on Finance Leases | 451 | ||
Capitalized Interest | (1,671) | (1,508) | |
Interest on Other Payables, Net | 22 | 15 | |
Total Interest Expense | [1] | $ 6,604 | $ 6,667 |
[1] | Related Party of $6,221 and $6,667 for the years ended December 31, 2019 and 2018 , respectively. |
Inventories (Details)
Inventories (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Inventory Disclosure [Abstract] | ||
Coal | $ 621 | $ 1,160 |
Supplies | 12,032 | 9,906 |
Total Inventories | $ 12,653 | $ 11,066 |
Property, Plant and Equipment_2
Property, Plant and Equipment (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment | $ 984,898 | $ 946,298 |
Less: Accumulated Depreciation, Depletion and Amortization | 571,238 | 526,747 |
Total Property, Plant and Equipment, Net | 413,660 | 419,551 |
Gross assets under finance lease | 12,596 | |
Gross assets under capital lease | 11,919 | |
Accumulated amortization for finance lease | 7,351 | |
Accumulated amortization for capital leases | 3,529 | |
Amortization of Right of Use Assets | 3,870 | |
Amortization expense for assets under capital lease | 3,227 | |
Coal and Other Plant and Equipment | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment | 666,560 | 636,105 |
Coal Properties and Surface Lands | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment | 126,294 | 122,679 |
Airshafts | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment | 106,750 | 102,275 |
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 | $ 3,756 | $ 3,701 |
Other Accrued Liabilities (Deta
Other Accrued Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Payables and Accruals [Abstract] | ||
Subsidence Liability | $ 22,661 | $ 20,883 |
Accrued Payroll and Benefits | 4,460 | 2,693 |
Accrued Interest (Related Party) | 2,541 | 1,767 |
Accrued Other Taxes | 921 | 1,071 |
Equipment Lease Rental | 0 | 515 |
Other | 1,383 | 1,925 |
Current Portion of Long-Term Liabilities: | ||
Operating Lease Liability | 4,753 | |
Workers' Compensation | 1,423 | 1,554 |
Asset Retirement Obligations | 954 | 1,202 |
Pneumoconiosis Benefits | 201 | 165 |
Long-Term Disability | 158 | 141 |
Other Accrued Liabilities | $ 39,455 | $ 31,916 |
Long-Term Debt - Schedule of Lo
Long-Term Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Debt Instrument [Line Items] | ||
Debt | $ 182,368 | $ 163,000 |
Less: Amounts Due in One Year | 1,443 | 0 |
Long-Term Debt | 180,925 | 163,000 |
finance lease obligation | 3,809 | |
finance lease obligation | 3,503 | |
Line of Credit | Affiliated Company Credit Agreement (4.00% and 3.75% interest rate at December 31, 2019 and December 31, 2018, respectively) | ||
Debt Instrument [Line Items] | ||
Debt | $ 180,925 | $ 163,000 |
Interest rate | 4.00% | 3.75% |
Secured Debt | Other Asset-Backed Financing Maturing in December 2020, 5.96% Weighted Average Interest Rate at December 31, 2019 | ||
Debt Instrument [Line Items] | ||
Debt | $ 1,443 | $ 0 |
Interest rate | 5.96% |
Long-Term Debt - Narrative (Det
Long-Term Debt - Narrative (Details) | 12 Months Ended | ||
Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($) | Nov. 28, 2017USD ($) | |
Debt Instrument [Line Items] | |||
Collateral amount | $ 1,443,000 | ||
Affiliated Company Credit Agreement (4.00% and 3.75% interest rate at December 31, 2019 and December 31, 2018, respectively) | Line of Credit | |||
Debt Instrument [Line Items] | |||
Interest rate | 4.00% | 3.75% | |
Affiliated Company Credit Agreement (4.00% and 3.75% interest rate at December 31, 2019 and December 31, 2018, respectively) | Affiliated Entity | Line of Credit | |||
Debt Instrument [Line Items] | |||
Aggregate principal amount (up to) | $ 275,000,000 | ||
Borrowings outstanding | $ 200,583,000 | ||
Commitment fee (as a percent) | 0.50% | ||
Unused borrowing capacity | $ 94,075,000 | $ 112,000,000 | |
Maximum first lien coverage ratio | 2.75 | ||
Maximum interest leverage ratio | 3.25 | ||
First lien coverage ratio | 1.84 | ||
Interest leverage ratio | 1.83 | ||
Affiliated Company Credit Agreement (4.00% and 3.75% interest rate at December 31, 2019 and December 31, 2018, respectively) | Affiliated Entity | Line of Credit | Minimum | |||
Debt Instrument [Line Items] | |||
Fixed rate | 3.75% | ||
Affiliated Company Credit Agreement (4.00% and 3.75% interest rate at December 31, 2019 and December 31, 2018, respectively) | Affiliated Entity | Line of Credit | Maximum | |||
Debt Instrument [Line Items] | |||
Fixed rate | 4.75% |
Leases - Narrative (Details)
Leases - Narrative (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Jan. 01, 2019 |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
Operating Lease ROU Assets | $ 15,695 | |
Operating lease liability | $ 16,260 | |
Accounting Standards Update 2016-02 | ||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
Operating Lease ROU Assets | $ 20,000 | |
Operating lease liability | $ 20,000 |
Leases - Components of Operatin
Leases - Components of Operating and Finance Leases (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2019USD ($) | |
Operating Lease | |
Fixed Operating Lease Expense | $ 6,180 |
Variable Operating Lease Expense | 2,861 |
Total Operating Lease Expense | 9,041 |
Cash Paid for Amounts Included in the Measurement of Operating Lease Liabilities | 6,130 |
ROU Assets Obtained in Exchange for Operating Lease Obligations | 0 |
Operating Lease ROU Assets | 15,695 |
Current: Operating Lease Liabilities | 4,753 |
Long-Term: Operating Lease Liabilities | 11,507 |
Total Operating Lease Liabilities | $ 16,260 |
Weighted Average Remaining Lease Term (in Years) | 3 years 5 months 15 days |
Weighted Average Discount Rate | 6.20% |
Finance Lease | |
Amortization of Right of Use Assets | $ 3,870 |
Interest Expense | $ 361 |
Weighted Average Remaining Lease Term (in Years) | 1 year 8 months 1 day |
Weighted Average Discount Rate | 4.65% |
Leases - Schedule of Future Mat
Leases - Schedule of Future Maturities of Lease Liabilities (Details) $ in Thousands | Dec. 31, 2019USD ($) |
Finance Leases | |
2020 | $ 3,979 |
2021 | 1,213 |
2022 | 173 |
2023 | 179 |
2024 | 138 |
Thereafter | 0 |
Total minimum lease payments | 5,682 |
Less amount representing interest | 228 |
Present value of minimum lease payments | 5,454 |
Operating Leases | |
2020 | 5,722 |
2021 | 5,483 |
2022 | 3,030 |
2023 | 1,314 |
2024 | 1,211 |
Thereafter | 1,730 |
Total minimum lease payments | 18,490 |
Less amount representing interest | 2,230 |
Operating lease liability | $ 16,260 |
Fair Value of Financial Instr_3
Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Carrying Amount | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Affiliated Company Credit Agreement - Related Party | $ 180,925 | $ 163,000 |
Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Affiliated Company Credit Agreement - Related Party | $ 180,925 | $ 163,000 |
Asset Retirement Obligations (D
Asset Retirement Obligations (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ||
Balance at Beginning of Period | $ 10,977 | $ 10,496 |
Accretion Expense | 906 | 813 |
Payments | (496) | (50) |
Revisions in Estimated Cash Flows | 368 | (282) |
Balance at End of Period | $ 11,755 | $ 10,977 |
Coal Workers' Pneumoconiosis _3
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, 2019 | Dec. 31, 2018 | |
Coal Workers Pneumoconiosis | ||
Change in Benefit Obligation: | ||
Benefit Obligation at Beginning of Period | $ 4,425 | $ 4,028 |
State Administrative Fees and Insurance Bond Premiums | 0 | 0 |
Service Cost | 801 | 1,489 |
Interest Cost | 194 | 144 |
Actuarial Loss (Gain) | 990 | (1,050) |
Benefits and Fees Paid | (181) | (186) |
Benefit Obligation at End of Period | 6,229 | 4,425 |
Funded Status: | ||
Current Assets | 0 | 0 |
Current Liabilities | (201) | (165) |
Noncurrent Liabilities | (6,028) | (4,260) |
Net Obligation Recognized | (6,229) | (4,425) |
Amounts Recognized in Accumulated Other Comprehensive Income Consist of: | ||
Net Actuarial Gain | 7,250 | 8,215 |
Net Amount Recognized | 7,250 | 8,215 |
Workers Compensation | ||
Change in Benefit Obligation: | ||
Benefit Obligation at Beginning of Period | 4,522 | 4,785 |
State Administrative Fees and Insurance Bond Premiums | 201 | 90 |
Service Cost | 1,395 | 1,464 |
Interest Cost | 165 | 139 |
Actuarial Loss (Gain) | 77 | (355) |
Benefits and Fees Paid | (1,430) | (1,601) |
Benefit Obligation at End of Period | 4,930 | 4,522 |
Funded Status: | ||
Current Assets | 104 | 151 |
Current Liabilities | (1,423) | (1,554) |
Noncurrent Liabilities | (3,611) | (3,119) |
Net Obligation Recognized | (4,930) | (4,522) |
Amounts Recognized in Accumulated Other Comprehensive Income Consist of: | ||
Net Actuarial Gain | 3,389 | 3,515 |
Net Amount Recognized | $ 3,389 | $ 3,515 |
Coal Workers' Pneumoconiosis _4
Coal Workers' Pneumoconiosis (CWP) and Workers' Compensation - Components of Net Periodic Benefit Costs (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Coal Workers Pneumoconiosis | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Service Cost | $ 801 | $ 1,489 |
Interest Cost | 194 | 144 |
Recognized Net Actuarial Loss (Gain) | 25 | (21) |
State Administrative Fees and Insurance Bond Premiums | 0 | 0 |
Net periodic benefit cost | 1,020 | 1,612 |
Workers Compensation | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Service Cost | 1,395 | 1,464 |
Interest Cost | 165 | 139 |
Recognized Net Actuarial Loss (Gain) | (50) | (4) |
State Administrative Fees and Insurance Bond Premiums | 201 | 90 |
Net periodic benefit cost | $ 1,711 | $ 1,689 |
Coal Workers' Pneumoconiosis _5
Coal Workers' Pneumoconiosis (CWP) and Workers' Compensation - Additional Information (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Defined Benefit Plan Disclosure [Line Items] | ||
Other comprehensive (loss) income | $ 15 | $ (8) |
Coal Workers Pneumoconiosis | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Other comprehensive (loss) income | $ (163) | |
Benefit Obligations | ||
Discount rate assumption used to determine net periodic benefit costs | 3.41% | 4.42% |
Net Periodic Benefit Costs | ||
Discount rate | 4.42% | 3.75% |
Defined Benefit Plan, Assumptions Used in Calculations [Abstract] | ||
0.25 Percentage Point Increase | $ (47) | |
0.25 Percentage Point Decrease | 50 | |
Workers Compensation | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Other comprehensive (loss) income | $ 34 | |
Benefit Obligations | ||
Discount rate assumption used to determine net periodic benefit costs | 3.25% | 4.26% |
Net Periodic Benefit Costs | ||
Discount rate | 4.26% | 3.57% |
Defined Benefit Plan, Assumptions Used in Calculations [Abstract] | ||
0.25 Percentage Point Increase | $ (23) | |
0.25 Percentage Point Decrease | $ 24 |
Coal Workers' Pneumoconiosis _6
Coal Workers' Pneumoconiosis (CWP) and Workers' Compensation - Expected Future Benefit Payments (Details) $ in Thousands | Dec. 31, 2019USD ($) |
Coal Workers Pneumoconiosis | |
Defined Benefit Plan, Expected Future Benefit Payment [Abstract] | |
2020 | $ 201 |
2021 | 225 |
2022 | 257 |
2023 | 276 |
2024 | 301 |
Year 2025-2029 | 2,070 |
Workers Compensation | |
Defined Benefit Plan, Expected Future Benefit Payment [Abstract] | |
2020 | 1,497 |
2021 | 1,661 |
2022 | 1,765 |
2023 | 1,868 |
2024 | 1,931 |
Year 2025-2029 | 10,762 |
Workers Compensation - Actuarial Benefits | |
Defined Benefit Plan, Expected Future Benefit Payment [Abstract] | |
2020 | 1,319 |
2021 | 1,479 |
2022 | 1,578 |
2023 | 1,677 |
2024 | 1,735 |
Year 2025-2029 | 9,706 |
Workers Compensation - Other Benefits | |
Defined Benefit Plan, Expected Future Benefit Payment [Abstract] | |
2020 | 178 |
2021 | 182 |
2022 | 187 |
2023 | 191 |
2024 | 196 |
Year 2025-2029 | $ 1,056 |
Other Benefit Plans -Additional
Other Benefit Plans -Additional Information (Details) - USD ($) $ in Thousands | Jan. 01, 2016 | Dec. 31, 2019 | Dec. 31, 2018 |
Defined Benefit Plan Disclosure [Line Items] | |||
Employer discretionary contribution | $ 2,330 | $ 0 | |
CONSOL Pennsylvania Coal Company LLC | CONSOL Pennsylvania Coal Company LLC | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Ownership percentage for noncontrolling interest | 25.00% | ||
Pension Plan | CONSOL Pennsylvania Coal Company LLC | CONSOL Pennsylvania Coal Company LLC | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Net periodic benefit costs | $ 258 | 258 | |
Other Postretirement Benefit Plan | CONSOL Pennsylvania Coal Company LLC | CONSOL Pennsylvania Coal Company LLC | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Net periodic benefit costs | 143 | 119 | |
Benefit obligation | $ 705 | 413 | |
CONSOL Energy Investment Plan | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Employer matching contribution | 6.00% | ||
Defined contribution plan, cost recognized | $ 2,389 | $ 4,795 | |
Minimum | CONSOL Energy Investment Plan | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Percent match of eligible compensation | 1.00% | ||
Maximum | CONSOL Energy Investment Plan | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Percent match of eligible compensation | 6.00% |
Other Benefit Plans -Schedule o
Other Benefit Plans -Schedule of Defined Benefit Plans Disclosures (Details) - CONSOL Pennsylvania Coal Company LLC - Other Postretirement Benefit Plan - CONSOL Pennsylvania Coal Company LLC - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Defined Benefit Plan Disclosure [Line Items] | ||
Net periodic benefit costs | $ 143 | $ 119 |
Discount rate assumption used to determine net periodic benefit costs | 3.97% | 3.22% |
Supplemental Cash Flow Inform_2
Supplemental Cash Flow Information (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($)operating_lease | |
Supplemental Cash Flow Elements [Abstract] | ||
Goods and services received related to capital projects | $ 838 | $ 467 |
Finance lease obligations incurred | 717 | $ 11,495 |
Number of terminated operating leases | operating_lease | 2 | |
Interest paid | $ 5,802 | $ 5,709 |
Concentration of Credit Risk (D
Concentration of Credit Risk (Details) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Canada | ||
Concentration Risk [Line Items] | ||
Concentration risk | 2.00% | |
United States | ||
Concentration Risk [Line Items] | ||
Concentration risk | 35.00% | 29.00% |
Sales | Customer Concentration Risk | Three Customers | ||
Concentration Risk [Line Items] | ||
Concentration risk | 70.00% | 57.00% |
Commitments and Contingent Li_2
Commitments and Contingent Liabilities (Details) | 12 Months Ended |
Dec. 31, 2019USD ($) | |
Guarantor Obligations [Line Items] | |
Maximum potential future payments | $ 99,451,000 |
Financial Standby Letter of Credit | |
Guarantor Obligations [Line Items] | |
Maximum potential future payments | $ 1,937,000 |
Agreement term | 3 years |
Surety Bond | Environment Related Contingency | |
Guarantor Obligations [Line Items] | |
Maximum potential future payments | $ 88,895,000 |
Agreement term | 3 years |
Surety Bond | Employee Related Contingency | |
Guarantor Obligations [Line Items] | |
Maximum potential future payments | $ 8,619,000 |
Agreement term | 3 years |
Receivables Financing Agreeme_2
Receivables Financing Agreement (Details) - Receivables Financing Agreement - USD ($) | Nov. 30, 2017 | Dec. 31, 2019 | Dec. 31, 2018 |
Line of Credit Facility [Line Items] | |||
Maximum borrowing capacity | $ 100,000,000 | ||
Trade receivables sold | $ 33,294,000 | $ 21,871,000 | |
Minimum | |||
Line of Credit Facility [Line Items] | |||
Program and participation fee | 2.00% | ||
Maximum | |||
Line of Credit Facility [Line Items] | |||
Program and participation fee | 2.50% |
Related Party - Schedule of Rel
Related Party - Schedule of Related - Schedule of Related Party Transactions (Details) - CONSOL Energy - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Related Party Transaction [Line Items] | ||
Expenses from transactions with related party | $ 11,528 | $ 11,218 |
Operating and Other Costs | ||
Related Party Transaction [Line Items] | ||
Expenses from transactions with related party | 3,219 | 2,918 |
Selling, General and Administrative Expenses | ||
Related Party Transaction [Line Items] | ||
Expenses from transactions with related party | $ 8,309 | $ 8,300 |
Related Party - Additional Info
Related Party - Additional Information (Details) - USD ($) | Aug. 16, 2019 | Aug. 31, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Jun. 30, 2019 | May 31, 2019 |
Related Party Transaction [Line Items] | ||||||
Accounts payable to related parties | $ 1,419,000 | $ 3,831,000 | ||||
Additional amount authorized | $ 25,000,000 | |||||
Restricted amount authorized | $ 50,000,000 | |||||
Shares repurchased and retired | 26,297 | 167,958 | ||||
Shares repurchased and retired, average price (in dollars per share) | $ 14.05 | $ 18.33 | ||||
CONSOL Energy | ||||||
Related Party Transaction [Line Items] | ||||||
Accounts payable to related parties | $ 1,419,000 | $ 3,831,000 | ||||
Expenses from transactions with related party | $ 11,528,000 | $ 11,218,000 | ||||
Interest rate | 3.85% | 3.97% | ||||
CONSOL Energy | Interest Expense, Including Capitalized Interest | ||||||
Related Party Transaction [Line Items] | ||||||
Expenses from transactions with related party | $ 7,892,000 | $ 7,709,000 | ||||
CONSOL Energy | Capitalized Interest | ||||||
Related Party Transaction [Line Items] | ||||||
Expenses from transactions with related party | $ 1,671,000 | $ 1,042,000 | ||||
Subordinated Unit | ||||||
Related Party Transaction [Line Items] | ||||||
Number of shares converted | 11,611,067 | 11,611,067 | ||||
Common Unit | ||||||
Related Party Transaction [Line Items] | ||||||
Conversion basis (in shares) | 1 | 1 |
Long-Term Incentive Plan -Addit
Long-Term Incentive Plan -Additional Information (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Phantom Share Units (PSUs) | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Fair value of restricted stock units vested | $ 2,906 | $ 2,508 |
Common Unit | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Shares authorized under LTIP | 2,300,000 | |
Common Unit | General and Administrative Expense | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Amortization expense due to vesting | $ 1,409 | $ 1,842 |
Common Unit | Phantom Share Units (PSUs) | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Unearned compensation expense | $ 121 | |
Unearned compensation expense amortization period | 1 month 2 days |
Long-Term Incentive Plan -Sched
Long-Term Incentive Plan -Schedule of Nonvested Phantom Units (Details) - Long-Term Incentive Plan - Phantom Share Units (PSUs) | 12 Months Ended |
Dec. 31, 2019$ / sharesshares | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |
Nonvested beginning of period (in shares) | shares | 223,676 |
Granted (in shares) | shares | 17,190 |
Vested (in shares) | shares | (158,554) |
Forfeited (in shares) | shares | (3,967) |
Nonvested end of period (in shares) | shares | 78,345 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | |
Nonvested beginning of period (in dollars per share) | $ / shares | $ 15.67 |
Granted (in dollars per share) | $ / shares | 17.45 |
Vested (in dollars per share) | $ / shares | 13.41 |
Forfeited (in dollars per share) | $ / shares | 18.95 |
Nonvested end of period (in dollars per share) | $ / shares | $ 18.62 |
Subsequent Events (Details)
Subsequent Events (Details) - $ / shares | Jan. 24, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Subsequent Event [Line Items] | ||||
Cash distributions declared per unit (in dollars per share) | [1] | $ 2.05 | $ 2.05 | |
Subsequent Event | ||||
Subsequent Event [Line Items] | ||||
Cash distributions declared per unit (in dollars per share) | $ 0.5125 | |||
[1] | Represents the cash distribution declared related to the period presented. See Note 22 - Subsequent Events. |