Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2021 | Jul. 23, 2021 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001710366 | |
Entity Registrant Name | CONSOL Energy Inc | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2021 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2021 | |
Document Transition Report | false | |
Entity File Number | 001-38147 | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 82-1954058 | |
Entity Address, Address Line One | 1000 CONSOL Energy Drive, Suite 100 | |
Entity Address, City or Town | Canonsburg | |
Entity Address, State or Province | PA | |
Entity Address, Postal Zip Code | 15317 | |
City Area Code | 724 | |
Local Phone Number | 416-8300 | |
Title of 12(b) Security | Common Stock, $0.01 par value | |
Trading Symbol | CEIX | |
Security Exchange Name | NYSE | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 34,480,181 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | ||
Total Revenue from Contracts with Customers | $ 303,222 | $ 121,296 | $ 633,982 | $ 396,396 | |
Miscellaneous Other (Loss) Income | (18,403) | 33,936 | (15,214) | 50,106 | |
Gain on Sale of Assets | 2,340 | 7,329 | 10,542 | 7,315 | |
Total Revenue and Other Income | 287,159 | 162,561 | 629,310 | 453,817 | |
Costs and Expenses: | |||||
Operating and Other Costs | 175,048 | 116,406 | 360,158 | 328,681 | |
Depreciation, Depletion and Amortization | 52,199 | 46,155 | 112,096 | 101,098 | |
Freight Expense | 26,010 | 3,085 | 53,023 | 6,232 | |
Selling, General and Administrative Costs | 22,542 | 10,939 | 46,506 | 28,609 | |
Gain on Debt Extinguishment | (106) | 0 | (789) | (16,833) | |
Interest Expense, net | 16,187 | 14,722 | 31,448 | 30,393 | |
Total Costs and Expenses | 291,880 | 191,307 | 602,442 | 478,180 | |
(Loss) Earnings Before Income Tax | (4,721) | (28,746) | 26,868 | (24,363) | |
Income Tax Benefit | (8,893) | (7,683) | (3,708) | (5,775) | |
Net Income (Loss) | 4,172 | (21,063) | 30,576 | (18,588) | |
Less: Net Loss Attributable to Noncontrolling Interest | 0 | (3,080) | 0 | (2,972) | |
Net Income (Loss) Attributable to CONSOL Energy Inc. Stockholders | $ 4,172 | $ (17,983) | $ 30,576 | $ (15,616) | |
Earnings (Loss) per Share: | |||||
Total Basic Earnings (Loss) per Share (in dollars per share) | $ 0.12 | $ (0.69) | $ 0.89 | $ (0.60) | |
Total Dilutive Earnings (Loss) per Share (in dollars per share) | $ 0.12 | $ (0.69) | $ 0.87 | $ (0.60) | |
Coal Revenue [Member] | |||||
Total Revenue from Contracts with Customers | [1] | $ 259,832 | $ 102,313 | $ 545,367 | $ 357,765 |
Terminal Revenue [Member] | |||||
Total Revenue from Contracts with Customers | 17,380 | 15,898 | 35,592 | 32,399 | |
Freight Revenue [Member] | |||||
Total Revenue from Contracts with Customers | $ 26,010 | $ 3,085 | $ 53,023 | $ 6,232 | |
[1] | For the three and six months ended June 30, 2021 and 2020, the PAMC segment had revenues from the following customers, each comprising over 10% of the Company's total sales |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Net Income (Loss) | $ 4,172 | $ (21,063) | $ 30,576 | $ (18,588) |
Other Comprehensive Income: | ||||
Actuarially Determined Long-Term Liability Adjustments (Net of tax: ($1,427), ($1,214), ($2,591), ($2,428)) | 4,125 | 3,624 | 7,485 | 7,248 |
Interest Rate Hedge | 391 | (12) | 805 | (2,785) |
Other Comprehensive Income | 4,516 | 3,612 | 8,290 | 4,463 |
Comprehensive Income (Loss) | 8,688 | (17,451) | 38,866 | (14,125) |
Less: Comprehensive Loss Attributable to Noncontrolling Interest | 0 | (3,065) | 0 | (2,942) |
Comprehensive Income (Loss) Attributable to CONSOL Energy Inc. Stockholders | $ 8,688 | $ (14,386) | $ 38,866 | $ (11,183) |
Consolidated Statements of Co_2
Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Actuarially Determined Long-Term Liability Adjustments, Tax | $ (1,427) | $ (1,214) | $ (2,591) | $ (2,428) |
Unrealized gain (Loss) on Cash Flow Hedges, Tax | $ (135) | $ 4 | $ (279) | $ 937 |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Current Assets: | ||
Cash and Cash Equivalents | $ 146,667 | $ 50,850 |
Restricted Cash - Current | 31,669 | 0 |
Accounts and Notes Receivable | ||
Trade Receivables, net | 99,716 | 118,289 |
Other Receivables, net | 15,592 | 42,157 |
Inventories | 59,299 | 56,200 |
Prepaid Expenses and Other Assets | 19,009 | 25,445 |
Total Current Assets | 371,952 | 292,941 |
Property, Plant and Equipment: | ||
Property, Plant and Equipment | 5,171,233 | 5,143,696 |
Less - Accumulated Depreciation, Depletion and Amortization | 3,168,407 | 3,094,634 |
Total Property, Plant and Equipment—Net | 2,002,826 | 2,049,062 |
Other Assets: | ||
Deferred Income Taxes | 69,656 | 68,821 |
Right of Use Asset - Operating Leases | 35,113 | 53,436 |
Restricted Cash - Non-current | 21,867 | 0 |
Other, net | 56,517 | 59,106 |
Total Other Assets | 183,153 | 181,363 |
TOTAL ASSETS | 2,557,931 | 2,523,366 |
Current Liabilities: | ||
Accounts Payable | 68,073 | 71,229 |
Current Portion of Long-Term Debt | 50,861 | 53,846 |
Operating Lease Liability | 8,564 | 20,241 |
Other Accrued Liabilities | 242,759 | 223,154 |
Total Current Liabilities | 370,257 | 368,470 |
Long-Term Debt: | ||
Long-Term Debt | 609,326 | 566,858 |
Finance Lease Obligations | 30,548 | 36,203 |
Total Long-Term Debt | 639,874 | 603,061 |
Deferred Credits and Other Liabilities: | ||
Postretirement Benefits Other Than Pensions | 379,221 | 387,637 |
Pneumoconiosis Benefits | 227,929 | 229,720 |
Asset Retirement Obligations | 214,937 | 228,182 |
Workers’ Compensation | 62,132 | 64,390 |
Salary Retirement | 20,215 | 35,359 |
Operating Lease Liability | 26,549 | 35,655 |
Other | 24,084 | 17,373 |
Total Deferred Credits and Other Liabilities | 955,067 | 998,316 |
TOTAL LIABILITIES | 1,965,198 | 1,969,847 |
Stockholders' Equity: | ||
Common Stock, $0.01 Par Value; 62,500,000 Shares Authorized, 34,480,181 Shares Issued and Outstanding at June 30, 2021; 34,031,374 Shares Issued and Outstanding at December 31, 2020 | 345 | 340 |
Capital in Excess of Par Value | 643,033 | 642,887 |
Retained Earnings | 277,426 | 246,850 |
Accumulated Other Comprehensive Loss | (328,071) | (336,558) |
TOTAL EQUITY | 592,733 | 553,519 |
TOTAL LIABILITIES AND EQUITY | $ 2,557,931 | $ 2,523,366 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Jun. 30, 2021 | Dec. 31, 2020 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock shares authorized (in shares) | 62,500,000 | 62,500,000 |
Common stock shares issued (in shares) | 34,480,181 | 34,031,374 |
Common stock shares outstanding (in shares) | 34,480,181 | 34,031,374 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member]Cumulative Effect, Period of Adoption, Adjustment [Member] | Common Stock [Member]CONSOL Coal Resources L P [Member] | Common Stock [Member] | Additional Paid-in Capital [Member]Cumulative Effect, Period of Adoption, Adjustment [Member] | Additional Paid-in Capital [Member]CONSOL Coal Resources L P [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member]Cumulative Effect, Period of Adoption, Adjustment [Member] | Retained Earnings [Member]CONSOL Coal Resources L P [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member]Cumulative Effect, Period of Adoption, Adjustment [Member] | AOCI Attributable to Parent [Member]CONSOL Coal Resources L P [Member] | AOCI Attributable to Parent [Member] | Parent [Member]Cumulative Effect, Period of Adoption, Adjustment [Member] | Parent [Member]CONSOL Coal Resources L P [Member] | Parent [Member] | Noncontrolling Interest [Member]Cumulative Effect, Period of Adoption, Adjustment [Member] | Noncontrolling Interest [Member]CONSOL Coal Resources L P [Member] | Noncontrolling Interest [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | CONSOL Coal Resources L P [Member] | Total |
Balance at Dec. 31, 2019 | $ 0 | $ 259 | $ 0 | $ 523,762 | $ (3,298) | $ 259,903 | $ 0 | $ (348,725) | $ (3,298) | $ 435,199 | $ 0 | $ 137,196 | $ (3,298) | $ 572,395 | |||||||
Net Income (Loss) | 0 | 0 | 2,367 | 0 | 2,367 | 108 | 2,475 | ||||||||||||||
Actuarially Determined Long-Term Liability Adjustments, Net of Tax | 0 | 0 | 0 | (3,609) | (3,609) | (15) | (3,624) | ||||||||||||||
Interest Rate Hedge | 0 | 0 | 0 | (2,773) | (2,773) | 0 | (2,773) | ||||||||||||||
Comprehensive Income (loss) | 0 | 0 | 2,367 | 836 | 3,203 | 123 | 3,326 | ||||||||||||||
Issuance of Common Stock | 1 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Issuance of Common Stock | (1) | ||||||||||||||||||||
Amortization of Stock-Based Compensation Awards | 0 | 4,856 | 0 | 0 | 4,856 | 5,014 | |||||||||||||||
Shares Withheld for Taxes | 0 | (555) | 0 | 0 | (555) | (217) | (772) | ||||||||||||||
Comprehensive Income (loss) | 0 | 0 | 2,367 | 836 | 3,203 | 123 | 3,326 | ||||||||||||||
Balance at Mar. 31, 2020 | 260 | 528,062 | 258,972 | (347,889) | 439,405 | 131,685 | 571,090 | ||||||||||||||
Actuarially Determined Long-Term Liability Adjustments, Net of Tax | 0 | 0 | 0 | 3,609 | 3,609 | 15 | 3,624 | ||||||||||||||
Amortization of Stock-Based Compensation Awards | 158 | ||||||||||||||||||||
Distributions to Noncontrolling Interest | 0 | 0 | 0 | 0 | 0 | (5,575) | (5,575) | ||||||||||||||
Actuarially Determined Long-Term Liability Adjustments | 0 | 555 | 0 | 0 | 555 | 217 | 772 | ||||||||||||||
Balance at Dec. 31, 2019 | $ 0 | 259 | $ 0 | 523,762 | $ (3,298) | 259,903 | $ 0 | (348,725) | $ (3,298) | 435,199 | $ 0 | 137,196 | $ (3,298) | 572,395 | |||||||
Net Income (Loss) | (18,588) | ||||||||||||||||||||
Interest Rate Hedge | (2,785) | ||||||||||||||||||||
Comprehensive Income (loss) | (14,125) | ||||||||||||||||||||
Comprehensive Income (loss) | (14,125) | ||||||||||||||||||||
Balance at Jun. 30, 2020 | 260 | 530,224 | 240,989 | (344,292) | 427,181 | 128,694 | 555,875 | ||||||||||||||
Balance at Mar. 31, 2020 | 260 | 528,062 | 258,972 | (347,889) | 439,405 | 131,685 | 571,090 | ||||||||||||||
Net Income (Loss) | (17,983) | (17,983) | (3,080) | (21,063) | |||||||||||||||||
Interest Rate Hedge | (12) | ||||||||||||||||||||
Comprehensive Income (loss) | $ 0 | $ 0 | $ (17,983) | $ 3,597 | $ (14,386) | $ (3,065) | (17,451) | ||||||||||||||
Amortization of Stock-Based Compensation Awards | 0 | 2,162 | 0 | 0 | 2,162 | 2,236 | |||||||||||||||
Shares Withheld for Taxes | 0 | 0 | 0 | (3,609) | (3,609) | (15) | (3,624) | ||||||||||||||
CCR Merger | 0 | 0 | 0 | (12) | (12) | 0 | $ (12) | ||||||||||||||
Comprehensive Income (loss) | 0 | 0 | (17,983) | 3,597 | $ (14,386) | $ (3,065) | (17,451) | ||||||||||||||
Balance at Jun. 30, 2020 | 260 | 530,224 | 240,989 | (344,292) | 427,181 | 128,694 | 555,875 | ||||||||||||||
Amortization of Stock-Based Compensation Awards | 74 | ||||||||||||||||||||
Actuarially Determined Long-Term Liability Adjustments | 0 | 0 | 0 | 3,609 | $ 3,609 | $ 15 | 3,624 | ||||||||||||||
Balance at Dec. 31, 2020 | 340 | 642,887 | 246,850 | (336,558) | 553,519 | ||||||||||||||||
Net Income (Loss) | 26,404 | 26,404 | |||||||||||||||||||
Actuarially Determined Long-Term Liability Adjustments, Net of Tax | 0 | 0 | 0 | 3,360 | 3,360 | ||||||||||||||||
Interest Rate Hedge | 0 | 0 | 0 | 414 | 414 | ||||||||||||||||
Comprehensive Income (loss) | 0 | 0 | 26,404 | 3,774 | 30,178 | ||||||||||||||||
Issuance of Common Stock | 4 | 0 | 0 | 0 | |||||||||||||||||
Issuance of Common Stock | (4) | ||||||||||||||||||||
Amortization of Stock-Based Compensation Awards | 0 | 1,509 | 0 | 0 | 1,509 | ||||||||||||||||
Shares Withheld for Taxes | 0 | (2,072) | 0 | 0 | (2,072) | ||||||||||||||||
CCR Merger | $ 0 | $ (266) | $ 0 | $ 197 | $ (69) | ||||||||||||||||
Comprehensive Income (loss) | 0 | 0 | 26,404 | 3,774 | 30,178 | ||||||||||||||||
Balance at Mar. 31, 2021 | 344 | 642,054 | 273,254 | (332,587) | 583,065 | ||||||||||||||||
Actuarially Determined Long-Term Liability Adjustments, Net of Tax | 0 | 0 | 0 | (3,360) | (3,360) | ||||||||||||||||
Actuarially Determined Long-Term Liability Adjustments | 0 | 2,072 | 0 | 0 | 2,072 | ||||||||||||||||
Balance at Dec. 31, 2020 | 340 | 642,887 | 246,850 | (336,558) | 553,519 | ||||||||||||||||
Net Income (Loss) | 30,576 | ||||||||||||||||||||
Interest Rate Hedge | 805 | ||||||||||||||||||||
Comprehensive Income (loss) | 38,866 | ||||||||||||||||||||
Comprehensive Income (loss) | 38,866 | ||||||||||||||||||||
Balance at Jun. 30, 2021 | 345 | 643,033 | 277,426 | (328,071) | 592,733 | ||||||||||||||||
Balance at Mar. 31, 2021 | 344 | 642,054 | 273,254 | (332,587) | 583,065 | ||||||||||||||||
Net Income (Loss) | 4,172 | 4,172 | |||||||||||||||||||
Actuarially Determined Long-Term Liability Adjustments, Net of Tax | 0 | 0 | 0 | 4,125 | 4,125 | ||||||||||||||||
Interest Rate Hedge | 0 | 0 | 0 | 391 | 391 | ||||||||||||||||
Comprehensive Income (loss) | 0 | 0 | 4,172 | 4,516 | 8,688 | ||||||||||||||||
Issuance of Common Stock | 1 | 0 | 0 | 0 | |||||||||||||||||
Issuance of Common Stock | (1) | ||||||||||||||||||||
Amortization of Stock-Based Compensation Awards | 0 | 1,210 | 0 | 0 | 1,210 | ||||||||||||||||
Shares Withheld for Taxes | 0 | (230) | 0 | 0 | (230) | ||||||||||||||||
Comprehensive Income (loss) | 0 | 0 | 4,172 | 4,516 | 8,688 | ||||||||||||||||
Balance at Jun. 30, 2021 | 345 | 643,033 | 277,426 | (328,071) | 592,733 | ||||||||||||||||
Actuarially Determined Long-Term Liability Adjustments, Net of Tax | 0 | 0 | 0 | (4,125) | (4,125) | ||||||||||||||||
Actuarially Determined Long-Term Liability Adjustments | $ 0 | $ 230 | $ 0 | $ 0 | $ 230 |
Consolidated Statements of St_2
Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |||
Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2020 | Mar. 31, 2020 | |
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | ||||
Cumulative Change in Accounting Principle, Tax | $ 1,109 | |||
CONSOL Coal Resources L P [Member] | ||||
Interest Rate Hedge, Tax | $ (4) | |||
Unrealized gain (Loss) on Cash Flow Hedges, Tax | 4 | |||
Actuarially Determined Long-Term Liability Adjustments, Tax | $ (1,427) | $ 1,164 | (1,214) | 1,214 |
Interest Rate Hedge, Tax | 135 | 144 | (4) | (933) |
Actuarially Determined Long-Term Liability Adjustments, Tax | 1,427 | (1,164) | 1,214 | (1,214) |
Unrealized gain (Loss) on Cash Flow Hedges, Tax | $ (135) | $ (144) | $ 4 | $ 933 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Cash Flows from Operating Activities: | ||
Net Income (Loss) | $ 30,576 | $ (18,588) |
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities: | ||
Depreciation, Depletion and Amortization | 112,096 | 101,098 |
Gain on Sale of Assets | (10,542) | (7,315) |
Stock/Unit-Based Compensation | 2,719 | 7,250 |
Amortization of Debt Issuance Costs | 4,331 | 3,146 |
Gain on Debt Extinguishment | (789) | (16,833) |
Unrealized Loss on Commodity Derivative Instruments | 20,437 | 0 |
Deferred Income Taxes | (3,708) | (5,775) |
Equity in Earnings of Affiliates | 312 | 586 |
Changes in Operating Assets: | ||
Accounts and Notes Receivable | 45,093 | 42,469 |
Inventories | (3,099) | (6,910) |
Prepaid Expenses and Other Assets | 6,436 | 11,936 |
Changes in Other Assets | (345) | 2,989 |
Changes in Operating Liabilities: | ||
Accounts Payable | (6,995) | (37,669) |
Other Operating Liabilities | 2,880 | (7,004) |
Changes in Other Liabilities | (26,797) | (22,700) |
Net Cash Provided by Operating Activities | 172,605 | 46,680 |
Cash Flows from Investing Activities: | ||
Capital Expenditures | (57,455) | (46,447) |
Proceeds from Sales of Assets | 11,918 | 689 |
Other Investing Activity | (182) | 0 |
Net Cash Used in Investing Activities | (45,719) | (45,758) |
Cash Flows from Financing Activities: | ||
Proceeds from Finance Lease Obligations | 0 | 16,293 |
Payments on Finance Lease Obligations | (14,625) | (11,928) |
Proceeds from Long-Term Debt | 75,000 | 0 |
Distributions to Noncontrolling Interest | 0 | (5,575) |
Shares/Units Withheld for Taxes | (2,302) | (772) |
Debt-Related Financing Fees | (2,368) | (9,002) |
Net Cash Provided by (Used in) Financing Activities | 22,467 | (48,188) |
Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash | 149,353 | (47,266) |
Cash and Cash Equivalents and Restricted Cash at Beginning of Period | 50,850 | 80,293 |
Cash and Cash Equivalents and Restricted Cash at End of Period | 200,203 | 33,027 |
Non-Cash Investing and Financing Activities: | ||
Finance Lease | 8,226 | 13,003 |
Other Equipment Financing | 0 | 11,153 |
Term Loan A Facility [Member] | ||
Cash Flows from Financing Activities: | ||
Payments on Debt | (12,500) | (10,000) |
Term Loan B Facility [Member] | ||
Cash Flows from Financing Activities: | ||
Payments on Debt | (6,223) | (1,375) |
Senior Secured Second Lien Notes due 2025 [Member] | ||
Cash Flows from Financing Activities: | ||
Payments on Debt | (14,153) | (25,480) |
Other Asset Backed Financing [Member] | ||
Cash Flows from Financing Activities: | ||
Payments on Debt | $ (362) | $ (349) |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | NOTE 1—BASIS Basis of Presentation The accompanying Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10 8 03 X. not three six June 30, 2021 not may The Consolidated Balance Sheet at December 31, 2020 not 10 10 December 31, 2020 Basis of Consolidation The Consolidated Financial Statements include the accounts of CONSOL Energy Inc. and its wholly-owned and majority-owned and/or controlled subsidiaries. The portion of these entities that is not Recent Accounting Pronouncements In May 2021, 2021 04 260 470 50 718 815 40 260, December 15, 2021, not Earnings per Share Basic earnings per share are computed by dividing net income (loss) attributable to CONSOL Energy Inc. stockholders by the weighted average number of shares outstanding during the reporting period. Dilutive earnings per share are computed similarly to basic earnings per share, except that the weighted average number of shares outstanding is increased to include additional shares from restricted stock units and performance share units, if dilutive. The number of additional shares is calculated by assuming that outstanding restricted stock units and performance share units were released, and that the proceeds from such activities were used to acquire shares of common stock at the average market price during the reporting period. The table below sets forth the share-based awards that have been excluded from the computation of diluted earnings per share because their effect would be anti-dilutive: Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Anti-Dilutive Restricted Stock Units 42,321 1,516,956 51,101 1,259,588 Anti-Dilutive Performance Share Units — 29,062 — 29,061 42,321 1,546,018 51,101 1,288,649 The computations for basic and dilutive earnings per share are as follows: Three Months Ended Six Months Ended Dollars in thousands, except per share data June 30, June 30, 2021 2020 2021 2020 Numerator: Net Income (Loss) $ 4,172 $ (21,063 ) $ 30,576 $ (18,588 ) Less: Net Loss Attributable to Noncontrolling Interest — (3,080 ) — (2,972 ) Net Income (Loss) Attributable to CONSOL Energy Inc. Stockholders $ 4,172 $ (17,983 ) $ 30,576 $ (15,616 ) Denominator: Weighted-average shares of common stock outstanding 34,446,605 26,031,103 34,327,282 26,009,129 Effect of dilutive shares* 643,892 — 734,388 — Weighted-average diluted shares of common stock outstanding 35,090,497 26,031,103 35,061,670 26,009,129 Earnings (Loss) per Share: Basic $ 0.12 $ (0.69 ) $ 0.89 $ (0.60 ) Dilutive $ 0.12 $ (0.69 ) $ 0.87 $ (0.60 ) *During periods in which the Company incurs a net loss, diluted weighted average shares outstanding are equal to basic weighted average shares outstanding because the effect of all equity awards is anti-dilutive. As of June 30, 2021 none Reclassifications During the year ended December 31, 2020, 17 2020 2021 no |
Note 2 - Major Transactions
Note 2 - Major Transactions | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Acquisitions and Dispositions Disclosure [Text Block] | NOTE 2 MAJOR TRANSACTIONS: Merger with CONSOL Coal Resources LP On October 22, 2020, December 30, 2020, not no Except for the Partnership's incentive distribution rights, which were automatically canceled immediately prior to the effective time of the CCR Merger for no Since CONSOL Energy controlled CCR prior to the CCR Merger and continues to control CCR after the CCR Merger, CONSOL Energy accounted for the change in its ownership interest in CCR as an equity transaction, which was reflected as a reduction of noncontrolling interest with corresponding increases to common stock and capital in excess of par value. No Prior to the effective date of the CCR Merger, public unitholders held a 39.3% equity interest in CCR's outstanding common units and CONSOL Energy owned the remaining 60.7% equity interest in CCR's outstanding common units. The earnings of CCR that were attributed to its common units held by the public prior to the CCR Merger are reflected in Net Loss Attributable to Noncontrolling Interest in the Consolidated Statements of Income. The Company incurred $9,822 of transaction costs directly attributable to the CCR Merger during the year ended December 31, 2020, Settlement Transaction with Murray Energy On September 16, 2020, 11 CONSOL Energy Inc. v Murray Energy Holdings Co., et al., Adversary Case 2:20 02036 June 30, 2021, December 31, 2020, 14 |
Note 3 - Revenue
Note 3 - Revenue | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | NOTE 3—REVENUE: The following table disaggregates CONSOL Energy's revenue from contracts with customers to depict how the nature, amount, timing and uncertainty of the Company's revenues and cash flows are affected by economic factors: Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Domestic Coal Revenue $ 117,161 $ 69,317 $ 276,377 $ 217,427 Export Coal Revenue 142,671 32,996 268,990 140,338 Terminal Revenue 17,380 15,898 35,592 32,399 Freight Revenue 26,010 3,085 53,023 6,232 Total Revenue from Contracts with Customers $ 303,222 $ 121,296 $ 633,982 $ 396,396 Coal Revenue The Company has disaggregated its coal revenue between domestic and export revenues, which depicts the pricing and contract differences between the two. Domestic coal revenue is characterized by contracts that typically have a term of one CONSOL Energy's coal revenue is generally recognized when title passes to the customer and the price is fixed and determinable. Generally, title passes when coal is loaded at the central preparation facility, the CONSOL Marine Terminal or, on occasion, other destinations. The Company's coal contract revenue per ton is fixed and determinable based upon either fixed forward pricing or pricing derived from established indices and adjusted for nominal quality characteristics. Some coal contracts also contain positive electric power price-related adjustments, which represent market-driven price adjustments, wherein no not not The estimated transaction price from each of the Company's contracts is based on the total amount of consideration to which the Company expects 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 and per ton price fluctuations based on certain coal sales price indices. The estimated transaction price for each contract is allocated to the Company's performance obligations based on relative stand-alone selling prices determined at contract inception. The Company has determined that each ton of coal represents a separate and distinct performance obligation. Some of the Company's contracts span multiple years and have annual pricing modifications, based upon market-driven or inflationary adjustments, where no While CONSOL Energy does, from time to time, experience costs of obtaining coal customer contracts with amortization periods greater than one June 30, 2021 December 31, 2020 not three six June 30, 2021 2020 not not not Terminal Revenue Terminal revenues are attributable to the Company's CONSOL Marine Terminal and include revenues earned from providing receipt and unloading of coal from rail cars, transporting coal from the receipt point to temporary storage or stockpile facilities located at the Terminal, stockpiling, blending, weighing, sampling, redelivery, and loading of coal onto vessels. Revenues for these services are earned on a ratable basis, and performance obligations are considered fulfilled as the services are performed. The CONSOL Marine Terminal does not one June 30, 2021 December 31, 2020 not three six June 30, 2021 2020 not not not Freight Revenue Some of CONSOL Energy's coal contracts require that the Company sell its coal at locations other than its central preparation plant. The cost to transport the Company's coal to the ultimate sales point is passed through to the Company's customers and CONSOL Energy recognizes the freight revenue equal to the transportation costs when title of the coal passes to the customer. Contract Balances Contract assets are recorded separately from trade receivables in the Company's Consolidated Balance Sheets and are reclassified to trade receivables as title passes to the customer and the Company's right to consideration becomes unconditional. Payments for coal shipments are typically due within two four not |
Note 4 - Miscellaneous Other (L
Note 4 - Miscellaneous Other (Loss) Income | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Interest and Other Income [Text Block] | NOTE 4—MISCELLANEOUS Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Interest Income $ 811 $ 122 $ 1,669 $ 366 Royalty Income - Non-Operated Coal 673 2,893 2,274 7,397 Rental Income 245 325 460 822 Contract Buyout — 30,144 — 40,969 Unrealized Loss on Commodity Derivative Instruments (20,437 ) — (20,437 ) — Other 305 452 820 552 Miscellaneous Other (Loss) Income $ (18,403 ) $ 33,936 $ (15,214 ) $ 50,106 Contract buyout income earned during 2020 not During the second 2021, API2 API2 API2 second 2021 |
Note 5 - Components of Pension
Note 5 - Components of Pension and Other Post-employment Benefit (OPEB) Plans Net Periodic Benefit Costs | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Retirement Benefits [Text Block] | NOTE 5—COMPONENTS The components of Net Periodic Benefit (Credit) Cost are as follows: Pension Benefits Other Post-Employment Benefits Three Months Ended Six Months Ended Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2021 2020 2021 2020 2021 2020 2021 2020 Service Cost $ 279 $ 295 $ 558 $ 591 $ — $ — $ — $ — Interest Cost 3,554 5,044 7,104 10,088 1,819 3,199 3,637 6,398 Expected Return on Plan Assets (10,542 ) (10,455 ) (21,084 ) (20,910 ) — — — — Amortization of Prior Service Credits — — — — (601 ) (602 ) (1,202 ) (1,203 ) Amortization of Actuarial Loss 1,367 1,731 2,734 3,461 1,629 2,320 3,258 4,639 Settlement Loss Recognized 22 — 22 — — — — — Net Periodic Benefit (Credit) Cost $ (5,320 ) $ (3,385 ) $ (10,666 ) $ (6,770 ) $ 2,847 $ 4,917 $ 5,693 $ 9,834 (Credits) expenses related to pension and other post-employment benefits are reflected in Operating and Other Costs in the Consolidated Statements of Income. For the three six June 30, 2021 three six June 30, 2021 June 30, 2021 may 2021, |
Note 6 - Components of Coal Wor
Note 6 - Components of Coal Workers' Pneumoconiosis (CWP) and Workers' Compensation Net Periodic Benefit Costs | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Pneumoconiosis Benefits And Workers Compensation Disclosure [Text Block] | NOTE 6—COMPONENTS The components of Net Periodic Benefit Cost are as follows: CWP Workers' Compensation Three Months Ended Six Months Ended Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2021 2020 2021 2020 2021 2020 2021 2020 Service Cost $ 1,115 $ 1,151 $ 2,230 $ 2,302 $ 1,059 $ 1,569 $ 2,118 $ 3,138 Interest Cost 1,177 1,552 2,355 3,103 282 461 564 922 Amortization of Actuarial Loss (Gain) 2,091 1,401 4,182 2,802 (45 ) (122 ) (90 ) (244 ) State Administrative Fees and Insurance Bond Premiums — — — — 444 461 912 1,082 Net Periodic Benefit Cost $ 4,383 $ 4,104 $ 8,767 $ 8,207 $ 1,740 $ 2,369 $ 3,504 $ 4,898 Expenses related to CWP and workers’ compensation are reflected in Operating and Other Costs in the Consolidated Statements of Income. |
Note 7 - Income Taxes
Note 7 - Income Taxes | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 7—INCOME Due to a change in forecasted earnings, the Company recorded its provision for income taxes for the three six June 30, 2021 three March 31, 2021. three six June 30, 2021 21%, The provision for income taxes for the three six June 30, 2020 three six June 30, 2020 The Company utilizes the “more likely than not” six June 30, 2021 December 31, 2020 not The Company is subject to taxation in the United States and its various states, as well as Canada and its various provinces. Under the provisions of the tax matters agreement entered into between the Company and its former parent on November 28, 2017 ( January 1, 2017 November 28, 2017. November 28, 2017 December 31, 2020 |
Note 8 - Credit Losses
Note 8 - Credit Losses | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Credit Loss, Financial Instrument [Text Block] | NOTE 8—CREDIT Effective January 1, 2020, 2016 013, Financial Instruments - Credit Losses (Topic 326 not not The following table illustrates the impact of ASC 326. January 1, 2020 As Reported Under ASC 326 Pre-ASC 326 Adoption Impact of ASC 326 Adoption Trade Receivables $ 3,051 $ 2,100 $ 951 Other Receivables 3,372 711 2,661 Other Assets 795 — 795 Allowance for Credit Losses on Receivables $ 7,218 $ 2,811 $ 4,407 The Company is exposed to credit losses primarily through sales of products and services. The Company's expected loss allowance methodology for accounts receivable is developed using historical collection experience, current and future economic and market conditions and a review of the current status of customers' trade and other accounts receivables. Due to the short-term nature of such receivables, the estimate of the amount of accounts receivable that may not Balances are written off when determined to be uncollectible. The Company considered the current and expected future economic and market conditions surrounding the novel coronavirus (COVID- 19 not Management estimates the allowance balance using relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are made for changes to the assessment of anticipated payment, changes in economic conditions, current industry trends in the markets the Company serves, and changes in the financial health of the Company's counterparties. The following table provides a roll-forward of the allowance for credit losses by portfolio segment that is deducted from the amortized cost basis of accounts receivable to present the net amount expected to be collected. Trade Receivables Other Receivables Other Assets Beginning Balance, December 31, 2020 $ 4,426 $ 4,710 $ 1,661 Provision for expected credit losses (45 ) 1,748 (88 ) Ending Balance, June 30, 2021 $ 4,381 $ 6,458 $ 1,573 |
Note 9 - Inventories
Note 9 - Inventories | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | NOTE 9—INVENTORIES: Inventory components consist of the following: June 30, December 31, 2021 2020 Coal $ 12,457 $ 7,163 Supplies 46,842 49,037 Total Inventories $ 59,299 $ 56,200 Inventories are stated at the lower of cost or net realizable value. The cost of coal inventories is determined by the first first |
Note 10 - Accounts Receivable S
Note 10 - Accounts Receivable Securitization | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Accounts Receivable Securitization [Text Block] | NOTE 10—ACCOUNTS CONSOL Energy and certain of its U.S. subsidiaries are parties to a trade accounts receivable securitization facility with financial institutions for the sale on a continuous basis of eligible trade accounts receivable. In March 2020, August 30, 2021 March 27, 2023. Pursuant to the securitization facility, CONSOL Thermal Holdings LLC, an indirect, wholly-owned subsidiary of the Partnership, sells current and future trade receivables to CONSOL Pennsylvania Coal Company LLC, a wholly-owned subsidiary of the Company. CONSOL Marine Terminals LLC, a wholly-owned subsidiary of the Company, and CONSOL Pennsylvania Coal Company LLC sell and/or contribute current and future trade receivables (including receivables sold to CONSOL Pennsylvania Coal Company LLC by CONSOL Thermal Holdings LLC) to CONSOL Funding LLC, a wholly-owned subsidiary of the Company (the “SPV”). The SPV, in turn, pledges its interests in the receivables to PNC Bank, N.A., which either makes loans or issues letters of credit on behalf of the SPV. The maximum amount of advances and letters of credit outstanding under the securitization facility may not Loans under the securitization facility accrue interest at a reserve-adjusted LIBOR market index rate equal to the one At June 30, 2021 June 30, 2021 December 31, 2020 December 31, 2020 three six June 30, 2021 three six June 30, 2020 not |
Note 11 - Property, Plant and E
Note 11 - Property, Plant and Equipment | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 11—PROPERTY, Property, plant and equipment consists of the following: June 30, December 31, 2021 2020 Plant and Equipment $ 3,150,799 $ 3,134,149 Coal Properties and Surface Lands 876,297 874,567 Airshafts 461,804 452,976 Mine Development 356,172 354,691 Advance Mining Royalties 326,161 327,313 Total Property, Plant and Equipment 5,171,233 5,143,696 Less: Accumulated Depreciation, Depletion and Amortization 3,168,407 3,094,634 Total Property, Plant and Equipment, Net $ 2,002,826 $ 2,049,062 Coal reserves are either owned in fee or controlled by lease. The duration of the leases vary; however, the lease terms are generally extended automatically to the exhaustion of economically recoverable reserves, as long as active mining continues. Coal interests held by lease provide the same rights as fee ownership for mineral extraction and are legally considered real property interests. As of June 30, 2021 December 31, 2020 June 30, 2021 December 31, 2020 three June 30, 2021 2020 six June 30, 2021 2020 |
Note 12 - Other Accrued Liabili
Note 12 - Other Accrued Liabilities | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | NOTE 12—OTHER June 30, December 31, 2021 2020 Subsidence Liability $ 92,090 $ 89,554 Accrued Payroll and Benefits 21,232 21,179 Commodity Derivatives 16,867 — Accrued Interest 7,587 6,236 Accrued Other Taxes 4,564 7,126 Litigation 3,335 3,625 Accrued Equipment Obligations 2,302 6,698 Other 21,485 20,220 Current Portion of Long-Term Liabilities: Asset Retirement Obligations 26,020 20,587 Postretirement Benefits Other than Pensions 25,662 26,073 Pneumoconiosis Benefits 12,063 12,203 Workers' Compensation 9,552 9,653 Total Other Accrued Liabilities $ 242,759 $ 223,154 |
Note 13 - Long-term Debt
Note 13 - Long-term Debt | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Long-term Debt [Text Block] | NOTE 13—LONG June 30, December 31, 2021 2020 Debt: Term Loan B due in September 2024 (Principal of $ 263,965 270,188 813 938 4.61 4.65 $ 263,152 $ 269,250 11.00 151,957 167,147 MEDCO Revenue Bonds in Series due September 2025 at 5.75 102,865 102,865 9.00 75,000 — Term Loan A due in March 2023 ( 5.25 5.50 53,750 66,250 Other Asset-Backed Financing Arrangements 2,451 2,813 Advance Royalty Commitments ( 13.68 2,185 2,185 Less: Unamortized Debt Issuance Costs 10,639 9,921 640,721 600,589 Less: Amounts Due in One Year* 31,395 33,731 Long-Term Debt $ 609,326 $ 566,858 * Excludes current portion of Finance Lease Obligations of $19,466 and $20,115 at June 30, 2021 December 31, 2020 In November 2017, March 28, 2019, March 29, 2021, April 13, 2021, June 5, 2020, eight March 28, 2023. September 28, 2024. first 1.5 The Senior Secured Credit Facilities contain a number of customary affirmative covenants. In addition, the Senior Secured Credit Facilities contain a number of negative covenants, including (subject to certain exceptions) limitations on (among other things): indebtedness, liens, investments, acquisitions, dispositions, restricted payments, and prepayments of junior indebtedness. The amendment added additional conditions to be met for the covenants relating to investments in joint ventures, general investments, share repurchases, dividends, and repurchases of Second Lien Notes. The additional conditions require that the Company have no outstanding borrowings and no not 1.00. The Revolving Credit Facility and the TLA Facility also include covenants relating to (i) a maximum first first first June 30, 2020 March 31, 2021, first 1.00, 1.00, 1.00; June 30, 2021 September 30, 2021, first 1.00 1.00; June 30, 2021 March 31, 2022, 1.00; December 31, 2021 March 31, 2022, first 1.00 1.00; June 30, 2022, first 1.00, 1.00 1.00. first 1.00 June 30, 2021 1.00 June 30, 2021 1.00 June 30, 2021 June 30, 2021 The TLB Facility also includes a financial covenant that requires the Company to repay a certain amount of its borrowings under the TLB Facility within ten 10 10 six June 30, 2021 December 31, 2020 December 31, 2021. At June 30, 2021 no December 31, 2020 In November 2017, 2025 November 13, 2017, November 28, 2017, second first no The only non-guarantor subsidiary of the Senior Secured Credit Facilities is the SPV, which holds the assets pledged to the Accounts Receivable Securitization Facility. The SPV had total assets of $100,209 and $123,468, comprised mainly of $99,716 and $122,639 trade receivables, net, as of June 30, 2021 December 31, 2020 three June 30, 2021 2020 six June 30, 2021 2020 10 six June 30, 2021 2020 no 10 During the six June 30, 2021 2025 six June 30, 2020 2025. three six June 30, 2021 six June 30, 2020 In April 2021, seven April 1, 2051, April 13, 2028, April 1, 2021, April 1, 2021 April 1, 2021 second The Company started a capital construction project on the PAMC coarse refuse disposal area in 2017, two three June 30, 2021, 2020. The Company is a borrower under an asset-backed financing arrangement related to certain equipment. The equipment, which had an approximate value of $2,451 and $2,813 at June 30, 2021 December 31, 2020 June 30, 2021 September 2024. June 30, 2021 December 31, 2020 During the year ended December 31, 2019, twelve December 31, 2020 2021, twelve December 31, 2022. June 30, 2021 December 31, 2020 three six June 30, 2021 three six June 30, 2020 three six June 30, 2021 2020. three six June 30, 2021 three six June 30, 2020, 2021, June 30, 2021 12 |
Note 14 - Commitments and Conti
Note 14 - Commitments and Contingent Liabilities | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 14—COMMITMENTS The Company 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. The Company accrues the estimated loss for these lawsuits and claims when the loss is probable and reasonably estimable. The Company’s 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 Company as of June 30, 2021 June 30, 2021 not Fitzwater Litigation: April 24, 2017, October 15, 2019, July 15, 2020, August 14, 2020. October 1, 2020, February 2021. No Casey Litigation: August 23, 2017 two not December 1, 2017, March 1, 2018 October 15, 2019, July 15, 2020, August 14, 2020. October 1, 2020, February 2021. No United Mine Workers of America 1992 2013, 1992 ten 1994. 11 October 2019. 1992 “1992 9711 1992 April 30, 2020. May 2, 2020, 1992 September 16, 2020, 2 1992 Other Matters: July 27, 2021, 1974 2013 1974 2019 no 1974 no not As part of the separation and distribution, the Company assumed various financial obligations relating to the Coal Business and agreed to reimburse its former parent for certain financial guarantees relating to the Coal Business that its former parent retained following the separation and distribution. Employee-related financial guarantees have primarily been provided to support the 1992 The following is a summary, as of June 30, 2021 third not not Amount of Commitment Expiration per Period Total Amounts Committed Less Than 1 Year 1-3 Years 3-5 Years Beyond 5 Years Letters of Credit: Employee-Related $ 58,068 $ 41,869 $ 16,199 $ — $ — Environmental 398 398 — — — Other 112,773 104,099 8,674 — — Total Letters of Credit $ 171,239 $ 146,366 $ 24,873 $ — $ — Surety Bonds: Employee-Related $ 83,524 $ 83,524 $ — $ — $ — Environmental 537,230 523,370 13,860 — — Other 4,254 3,577 677 — — Total Surety Bonds $ 625,008 $ 610,471 $ 14,537 $ — $ — Guarantees: Other $ 8,141 $ 8,141 $ - $ — $ — Included in the above table are commitments and guarantees entered into in conjunction with the sale of Consolidation Coal Company and certain of its subsidiaries, which contain all five third third third June 30, 2021 not June 30, 2021 December 31, 2020 The Company regularly evaluates the likelihood of default for all guarantees based on an expected loss analysis and records the fair value, if any, of its guarantees as an obligation in the Consolidated Financial Statements. |
Note 15 - Derivatives
Note 15 - Derivatives | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | NOTE 15—DERIVATIVES Interest Rate Risk Management During the year ended December 31, 2019, 13 Coal Price Risk Management Positions The Company may June 30, 2021, 2022. Tabular Derivatives Disclosures The Company has master netting agreements with all of its counterparties which allow for the settlement of contracts in an asset position with contracts in a liability position in the event of default or termination. Such netting arrangements reduce the Company's credit exposure related to these counterparties to the extent the Company has any liability to such counterparties. For classification purposes, the Company records the net fair value of all the positions with a given counterparty as a net asset or liability in the Consolidated Balance Sheets. The fair value of derivatives reflected in the accompanying Consolidated Balance Sheets are set forth in the table below. June 30, 2021 December 31, 2020 Asset Derivatives Liability Derivatives Asset Derivatives Liability Derivatives Coal Contracts Related to Forecasted Sales $ 160 $ (20,597 ) $ — $ — Effect of Counterparty Netting (160 ) 160 — — Net Derivatives as Classified in the Consolidated Balance Sheets $ — $ (20,437 ) $ — $ — The net amount of liability derivatives is included in Other Accrued Liabilities and Other Liabilities in the accompanying Consolidated Balance Sheets. Currently, the Company does not three six June 30, 2021, The Company classifies the cash effects of its derivatives within the Cash Flows from Operating Activities section of the Consolidated Statements of Cash Flows. |
Note 16 - Fair Value of Financi
Note 16 - Fair Value of Financial Instruments | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 16—FAIR CONSOL Energy determines the fair value of assets and liabilities based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. The fair values are based on assumptions that market participants would use when pricing an asset or liability, including assumptions about risk and the risks inherent in valuation techniques and the inputs to valuations. The fair value hierarchy is based on whether the inputs to valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources (including LIBOR-based discount rates), while unobservable inputs reflect the Company’s own assumptions of what market participants would use. The fair value hierarchy includes three may Level One - Quoted prices for identical instruments in active markets. Level Two - The fair value of the assets and liabilities included in Level 2 2 Level Three - Unobservable inputs significant to the fair value measurement supported by little or no In those cases when the inputs used to measure fair value meet the definition of more than one The financial instruments measured at fair value on a recurring basis are summarized below: Fair Value Measurements at Fair Value Measurements at June 30, 2021 December 31, 2020 Description Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Interest Rate Swaps $ — $ (1,749 ) $ — $ — $ (2,834 ) $ — Commodity Derivatives $ — $ (20,437 ) $ — $ — $ — $ — The following methods and assumptions were used to estimate the fair value for which the fair value option was not Long-term debt: The carrying amounts and fair values of financial instruments for which the fair value option was not June 30, 2021 December 31, 2020 Carrying Fair Carrying Fair Amount Value Amount Value Long-Term Debt $ 651,360 $ 654,410 $ 610,510 $ 517,862 Certain of the Company’s debt is actively traded on a public market and, as a result, constitutes Level 1 not 2 |
Note 17 - Segment Information
Note 17 - Segment Information | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | NOTE 17—SEGMENT The Company reports segment information based on the “management” approach. The management approach designates the internal reporting used by management to make decisions on and assess performance of the Company’s reportable segments. CONSOL Energy consists of two not none not The Company evaluates the performance of its segments utilizing Adjusted EBITDA and various sales and production metrics. Adjusted EBITDA is not may not may not The CONSOL Marine Terminal has been disclosed in CONSOL Energy’s Other segment during prior years due to its relative contribution to the Company’s Adjusted EBITDA. The recent COVID- 19 2020 December 31, 2020, 10 Reportable segment results for the three June 30, 2021 PAMC CONSOL Marine Terminal Other Adjustments and Eliminations Consolidated Coal Revenue $ 258,482 $ — $ 1,350 $ — $ 259,832 (A) Terminal Revenue — 17,380 — — 17,380 Freight Revenue 26,010 — — — 26,010 Total Revenue from Contracts with Customers $ 284,492 $ 17,380 $ 1,350 $ — $ 303,222 Adjusted EBITDA $ 78,267 $ 10,965 $ (4,815 ) $ — $ 84,417 Segment Assets $ 1,799,848 $ 104,848 $ 653,235 $ — $ 2,557,931 Depreciation, Depletion and Amortization $ 50,169 $ 1,200 $ 830 $ — $ 52,199 Capital Expenditures $ 39,874 $ 52 $ 3,729 $ — $ 43,655 Reportable segment results for the three June 30, 2020 PAMC CONSOL Marine Terminal Other Adjustments and Eliminations Consolidated Coal Revenue $ 102,026 $ — $ 287 $ — $ 102,313 (A) Terminal Revenue — 15,898 — — 15,898 Freight Revenue 3,085 — — — 3,085 Total Revenue from Contracts with Customers $ 105,111 $ 15,898 $ 287 $ — $ 121,296 Adjusted EBITDA $ 26,882 $ 10,660 $ (3,297 ) $ — $ 34,245 Segment Assets $ 1,889,557 $ 99,942 $ 576,633 $ — $ 2,566,132 Depreciation, Depletion and Amortization $ 46,793 $ 1,260 $ (1,898 ) $ — $ 46,155 Capital Expenditures $ 16,262 $ 514 $ 2,493 $ — $ 19,269 Reportable segment results for the six June 30, 2021 PAMC CONSOL Marine Terminal Other Adjustments and Eliminations Consolidated Coal Revenue $ 542,948 $ — $ 2,419 $ — $ 545,367 (A) Terminal Revenue — 35,592 — — 35,592 Freight Revenue 53,023 — — — 53,023 Total Revenue from Contracts with Customers $ 595,971 $ 35,592 $ 2,419 $ — $ 633,982 Adjusted EBITDA $ 177,451 $ 22,926 $ (9,245 ) $ — $ 191,132 Segment Assets $ 1,799,848 $ 104,848 $ 653,235 $ — $ 2,557,931 Depreciation, Depletion and Amortization $ 104,950 $ 2,414 $ 4,732 $ — $ 112,096 Capital Expenditures $ 52,453 $ 112 $ 4,890 $ — $ 57,455 Reportable segment results for the six June 30, 2020 PAMC CONSOL Marine Terminal Other Adjustments and Eliminations Consolidated Coal Revenue $ 357,478 $ — $ 287 $ — $ 357,765 (A) Terminal Revenue — 32,399 — — 32,399 Freight Revenue 6,232 — — — 6,232 Total Revenue from Contracts with Customers $ 363,710 $ 32,399 $ 287 $ — $ 396,396 Adjusted EBITDA $ 90,460 $ 21,214 $ (14,495 ) $ — $ 97,179 Segment Assets $ 1,889,557 $ 99,942 $ 576,633 $ — $ 2,566,132 Depreciation, Depletion and Amortization $ 95,210 $ 2,517 $ 3,371 $ — $ 101,098 Capital Expenditures $ 36,954 $ 620 $ 8,873 $ — $ 46,447 (A) For the three six June 30, 2021 2020 10% Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Customer A $ 32,236 * $ 89,916 $ 48,829 Customer B $ 38,957 $ 30,032 $ 72,196 $ 134,386 Customer C $ 34,439 $ 14,060 $ 71,038 $ 49,743 Customer D $ 37,121 * $ 81,357 * Customer E $ 30,439 * * * * Revenues from these customers during the periods presented were less than 10% Reconciliation of Segment Information to Consolidated Amounts: Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 (Loss) Earnings Before Income Tax $ (4,721 ) $ (28,746 ) $ 26,868 $ (24,363 ) Interest Expense, net 16,187 14,722 31,448 30,393 Gain on Debt Extinguishment (106 ) — (789 ) (16,833 ) Interest Income (811 ) (122 ) (1,669 ) (366 ) Depreciation, Depletion and Amortization 52,199 46,155 112,096 101,098 Unrealized Loss on Commodity Derivative Instruments 20,437 — 20,437 — Pension Settlement 22 — 22 — Stock/Unit-Based Compensation 1,210 2,236 2,719 7,250 Adjusted EBITDA $ 84,417 $ 34,245 $ 191,132 $ 97,179 |
Note 18 - Related Party Transac
Note 18 - Related Party Transactions | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | NOTE 18—RELATED CONSOL Coal Resources LP On December 30, 2020, 2 third Prior to the CCR Merger, CONSOL Energy, certain of its subsidiaries and the Partnership were party to various agreements, including an Omnibus Agreement dated September 30, 2016, November 28, 2017, Charges for services from the Company to CCR prior to the CCR Merger include the following: Three Months Ended June 30, Six Months Ended June 30, 2020 2020 Operating and Other Costs $ 856 $ 1,709 Selling, General and Administrative Costs 1,864 4,657 Total Services from CONSOL Energy $ 2,720 $ 6,366 Operating and Other Costs included pension service costs and insurance expenses. Selling, General and Administrative Costs included charges for incentive compensation, an annual administrative support fee and reimbursement for the provision of certain management and operating services provided by the Company. |
Note 19 - Stock and Debt Repurc
Note 19 - Stock and Debt Repurchases | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 19—STOCK In December 2017, 2025. April 2021 December 31, 2022. Under the terms of the program, CONSOL Energy is permitted to make repurchases in the open market, in privately negotiated transactions, accelerated repurchase programs or in structured share repurchase programs. CONSOL Energy is also authorized to enter into one 10b5 1 not During the six June 30, 2021 2020 and spent $25,480 to retire $43,176 2025, six June 30, 2021 2020 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2021 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The accompanying Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10 8 03 X. not three six June 30, 2021 not may The Consolidated Balance Sheet at December 31, 2020 not 10 10 December 31, 2020 |
Consolidation, Policy [Policy Text Block] | Basis of Consolidation The Consolidated Financial Statements include the accounts of CONSOL Energy Inc. and its wholly-owned and majority-owned and/or controlled subsidiaries. The portion of these entities that is not |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements In May 2021, 2021 04 260 470 50 718 815 40 260, December 15, 2021, not |
Earnings Per Share, Policy [Policy Text Block] | Earnings per Share Basic earnings per share are computed by dividing net income (loss) attributable to CONSOL Energy Inc. stockholders by the weighted average number of shares outstanding during the reporting period. Dilutive earnings per share are computed similarly to basic earnings per share, except that the weighted average number of shares outstanding is increased to include additional shares from restricted stock units and performance share units, if dilutive. The number of additional shares is calculated by assuming that outstanding restricted stock units and performance share units were released, and that the proceeds from such activities were used to acquire shares of common stock at the average market price during the reporting period. The table below sets forth the share-based awards that have been excluded from the computation of diluted earnings per share because their effect would be anti-dilutive: Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Anti-Dilutive Restricted Stock Units 42,321 1,516,956 51,101 1,259,588 Anti-Dilutive Performance Share Units — 29,062 — 29,061 42,321 1,546,018 51,101 1,288,649 The computations for basic and dilutive earnings per share are as follows: Three Months Ended Six Months Ended Dollars in thousands, except per share data June 30, June 30, 2021 2020 2021 2020 Numerator: Net Income (Loss) $ 4,172 $ (21,063 ) $ 30,576 $ (18,588 ) Less: Net Loss Attributable to Noncontrolling Interest — (3,080 ) — (2,972 ) Net Income (Loss) Attributable to CONSOL Energy Inc. Stockholders $ 4,172 $ (17,983 ) $ 30,576 $ (15,616 ) Denominator: Weighted-average shares of common stock outstanding 34,446,605 26,031,103 34,327,282 26,009,129 Effect of dilutive shares* 643,892 — 734,388 — Weighted-average diluted shares of common stock outstanding 35,090,497 26,031,103 35,061,670 26,009,129 Earnings (Loss) per Share: Basic $ 0.12 $ (0.69 ) $ 0.89 $ (0.60 ) Dilutive $ 0.12 $ (0.69 ) $ 0.87 $ (0.60 ) *During periods in which the Company incurs a net loss, diluted weighted average shares outstanding are equal to basic weighted average shares outstanding because the effect of all equity awards is anti-dilutive. As of June 30, 2021 none |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications During the year ended December 31, 2020, 17 2020 2021 no |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Anti-Dilutive Restricted Stock Units 42,321 1,516,956 51,101 1,259,588 Anti-Dilutive Performance Share Units — 29,062 — 29,061 42,321 1,546,018 51,101 1,288,649 |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Six Months Ended Dollars in thousands, except per share data June 30, June 30, 2021 2020 2021 2020 Numerator: Net Income (Loss) $ 4,172 $ (21,063 ) $ 30,576 $ (18,588 ) Less: Net Loss Attributable to Noncontrolling Interest — (3,080 ) — (2,972 ) Net Income (Loss) Attributable to CONSOL Energy Inc. Stockholders $ 4,172 $ (17,983 ) $ 30,576 $ (15,616 ) Denominator: Weighted-average shares of common stock outstanding 34,446,605 26,031,103 34,327,282 26,009,129 Effect of dilutive shares* 643,892 — 734,388 — Weighted-average diluted shares of common stock outstanding 35,090,497 26,031,103 35,061,670 26,009,129 Earnings (Loss) per Share: Basic $ 0.12 $ (0.69 ) $ 0.89 $ (0.60 ) Dilutive $ 0.12 $ (0.69 ) $ 0.87 $ (0.60 ) |
Note 3 - Revenue (Tables)
Note 3 - Revenue (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Domestic Coal Revenue $ 117,161 $ 69,317 $ 276,377 $ 217,427 Export Coal Revenue 142,671 32,996 268,990 140,338 Terminal Revenue 17,380 15,898 35,592 32,399 Freight Revenue 26,010 3,085 53,023 6,232 Total Revenue from Contracts with Customers $ 303,222 $ 121,296 $ 633,982 $ 396,396 |
Note 4 - Miscellaneous Other _2
Note 4 - Miscellaneous Other (Loss) Income (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Other Income (Loss) [Table Text Block] | Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Interest Income $ 811 $ 122 $ 1,669 $ 366 Royalty Income - Non-Operated Coal 673 2,893 2,274 7,397 Rental Income 245 325 460 822 Contract Buyout — 30,144 — 40,969 Unrealized Loss on Commodity Derivative Instruments (20,437 ) — (20,437 ) — Other 305 452 820 552 Miscellaneous Other (Loss) Income $ (18,403 ) $ 33,936 $ (15,214 ) $ 50,106 |
Note 5 - Components of Pensio_2
Note 5 - Components of Pension and Other Post-employment Benefit (OPEB) Plans Net Periodic Benefit Costs (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Defined Benefit Plans Disclosures [Table Text Block] | Pension Benefits Other Post-Employment Benefits Three Months Ended Six Months Ended Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2021 2020 2021 2020 2021 2020 2021 2020 Service Cost $ 279 $ 295 $ 558 $ 591 $ — $ — $ — $ — Interest Cost 3,554 5,044 7,104 10,088 1,819 3,199 3,637 6,398 Expected Return on Plan Assets (10,542 ) (10,455 ) (21,084 ) (20,910 ) — — — — Amortization of Prior Service Credits — — — — (601 ) (602 ) (1,202 ) (1,203 ) Amortization of Actuarial Loss 1,367 1,731 2,734 3,461 1,629 2,320 3,258 4,639 Settlement Loss Recognized 22 — 22 — — — — — Net Periodic Benefit (Credit) Cost $ (5,320 ) $ (3,385 ) $ (10,666 ) $ (6,770 ) $ 2,847 $ 4,917 $ 5,693 $ 9,834 |
Note 6 - Components of Coal W_2
Note 6 - Components of Coal Workers' Pneumoconiosis (CWP) and Workers' Compensation Net Periodic Benefit Costs (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Changes in Accumulated Postemployment Benefit Obligations [Table Text Block] | CWP Workers' Compensation Three Months Ended Six Months Ended Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2021 2020 2021 2020 2021 2020 2021 2020 Service Cost $ 1,115 $ 1,151 $ 2,230 $ 2,302 $ 1,059 $ 1,569 $ 2,118 $ 3,138 Interest Cost 1,177 1,552 2,355 3,103 282 461 564 922 Amortization of Actuarial Loss (Gain) 2,091 1,401 4,182 2,802 (45 ) (122 ) (90 ) (244 ) State Administrative Fees and Insurance Bond Premiums — — — — 444 461 912 1,082 Net Periodic Benefit Cost $ 4,383 $ 4,104 $ 8,767 $ 8,207 $ 1,740 $ 2,369 $ 3,504 $ 4,898 |
Note 8 - Credit Losses (Tables)
Note 8 - Credit Losses (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Accounting Standards Update and Change in Accounting Principle [Table Text Block] | January 1, 2020 As Reported Under ASC 326 Pre-ASC 326 Adoption Impact of ASC 326 Adoption Trade Receivables $ 3,051 $ 2,100 $ 951 Other Receivables 3,372 711 2,661 Other Assets 795 — 795 Allowance for Credit Losses on Receivables $ 7,218 $ 2,811 $ 4,407 |
Accounts Receivable, Allowance for Credit Loss [Table Text Block] | Trade Receivables Other Receivables Other Assets Beginning Balance, December 31, 2020 $ 4,426 $ 4,710 $ 1,661 Provision for expected credit losses (45 ) 1,748 (88 ) Ending Balance, June 30, 2021 $ 4,381 $ 6,458 $ 1,573 |
Note 9 - Inventories (Tables)
Note 9 - Inventories (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | June 30, December 31, 2021 2020 Coal $ 12,457 $ 7,163 Supplies 46,842 49,037 Total Inventories $ 59,299 $ 56,200 |
Note 11 - Property, Plant and_2
Note 11 - Property, Plant and Equipment (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | June 30, December 31, 2021 2020 Plant and Equipment $ 3,150,799 $ 3,134,149 Coal Properties and Surface Lands 876,297 874,567 Airshafts 461,804 452,976 Mine Development 356,172 354,691 Advance Mining Royalties 326,161 327,313 Total Property, Plant and Equipment 5,171,233 5,143,696 Less: Accumulated Depreciation, Depletion and Amortization 3,168,407 3,094,634 Total Property, Plant and Equipment, Net $ 2,002,826 $ 2,049,062 |
Note 12 - Other Accrued Liabi_2
Note 12 - Other Accrued Liabilities (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | June 30, December 31, 2021 2020 Subsidence Liability $ 92,090 $ 89,554 Accrued Payroll and Benefits 21,232 21,179 Commodity Derivatives 16,867 — Accrued Interest 7,587 6,236 Accrued Other Taxes 4,564 7,126 Litigation 3,335 3,625 Accrued Equipment Obligations 2,302 6,698 Other 21,485 20,220 Current Portion of Long-Term Liabilities: Asset Retirement Obligations 26,020 20,587 Postretirement Benefits Other than Pensions 25,662 26,073 Pneumoconiosis Benefits 12,063 12,203 Workers' Compensation 9,552 9,653 Total Other Accrued Liabilities $ 242,759 $ 223,154 |
Note 13 - Long-term Debt (Table
Note 13 - Long-term Debt (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | June 30, December 31, 2021 2020 Debt: Term Loan B due in September 2024 (Principal of $ 263,965 270,188 813 938 4.61 4.65 $ 263,152 $ 269,250 11.00 151,957 167,147 MEDCO Revenue Bonds in Series due September 2025 at 5.75 102,865 102,865 9.00 75,000 — Term Loan A due in March 2023 ( 5.25 5.50 53,750 66,250 Other Asset-Backed Financing Arrangements 2,451 2,813 Advance Royalty Commitments ( 13.68 2,185 2,185 Less: Unamortized Debt Issuance Costs 10,639 9,921 640,721 600,589 Less: Amounts Due in One Year* 31,395 33,731 Long-Term Debt $ 609,326 $ 566,858 |
Note 14 - Commitments and Con_2
Note 14 - Commitments and Contingent Liabilities (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Guarantor Obligations [Table Text Block] | Amount of Commitment Expiration per Period Total Amounts Committed Less Than 1 Year 1-3 Years 3-5 Years Beyond 5 Years Letters of Credit: Employee-Related $ 58,068 $ 41,869 $ 16,199 $ — $ — Environmental 398 398 — — — Other 112,773 104,099 8,674 — — Total Letters of Credit $ 171,239 $ 146,366 $ 24,873 $ — $ — Surety Bonds: Employee-Related $ 83,524 $ 83,524 $ — $ — $ — Environmental 537,230 523,370 13,860 — — Other 4,254 3,577 677 — — Total Surety Bonds $ 625,008 $ 610,471 $ 14,537 $ — $ — Guarantees: Other $ 8,141 $ 8,141 $ - $ — $ — |
Note 15 - Derivatives (Tables)
Note 15 - Derivatives (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | June 30, 2021 December 31, 2020 Asset Derivatives Liability Derivatives Asset Derivatives Liability Derivatives Coal Contracts Related to Forecasted Sales $ 160 $ (20,597 ) $ — $ — Effect of Counterparty Netting (160 ) 160 — — Net Derivatives as Classified in the Consolidated Balance Sheets $ — $ (20,437 ) $ — $ — |
Note 16 - Fair Value of Finan_2
Note 16 - Fair Value of Financial Instruments (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block] | Fair Value Measurements at Fair Value Measurements at June 30, 2021 December 31, 2020 Description Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Interest Rate Swaps $ — $ (1,749 ) $ — $ — $ (2,834 ) $ — Commodity Derivatives $ — $ (20,437 ) $ — $ — $ — $ — |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block] | June 30, 2021 December 31, 2020 Carrying Fair Carrying Fair Amount Value Amount Value Long-Term Debt $ 651,360 $ 654,410 $ 610,510 $ 517,862 |
Note 17 - Segment Information (
Note 17 - Segment Information (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | PAMC CONSOL Marine Terminal Other Adjustments and Eliminations Consolidated Coal Revenue $ 258,482 $ — $ 1,350 $ — $ 259,832 (A) Terminal Revenue — 17,380 — — 17,380 Freight Revenue 26,010 — — — 26,010 Total Revenue from Contracts with Customers $ 284,492 $ 17,380 $ 1,350 $ — $ 303,222 Adjusted EBITDA $ 78,267 $ 10,965 $ (4,815 ) $ — $ 84,417 Segment Assets $ 1,799,848 $ 104,848 $ 653,235 $ — $ 2,557,931 Depreciation, Depletion and Amortization $ 50,169 $ 1,200 $ 830 $ — $ 52,199 Capital Expenditures $ 39,874 $ 52 $ 3,729 $ — $ 43,655 PAMC CONSOL Marine Terminal Other Adjustments and Eliminations Consolidated Coal Revenue $ 102,026 $ — $ 287 $ — $ 102,313 (A) Terminal Revenue — 15,898 — — 15,898 Freight Revenue 3,085 — — — 3,085 Total Revenue from Contracts with Customers $ 105,111 $ 15,898 $ 287 $ — $ 121,296 Adjusted EBITDA $ 26,882 $ 10,660 $ (3,297 ) $ — $ 34,245 Segment Assets $ 1,889,557 $ 99,942 $ 576,633 $ — $ 2,566,132 Depreciation, Depletion and Amortization $ 46,793 $ 1,260 $ (1,898 ) $ — $ 46,155 Capital Expenditures $ 16,262 $ 514 $ 2,493 $ — $ 19,269 PAMC CONSOL Marine Terminal Other Adjustments and Eliminations Consolidated Coal Revenue $ 542,948 $ — $ 2,419 $ — $ 545,367 (A) Terminal Revenue — 35,592 — — 35,592 Freight Revenue 53,023 — — — 53,023 Total Revenue from Contracts with Customers $ 595,971 $ 35,592 $ 2,419 $ — $ 633,982 Adjusted EBITDA $ 177,451 $ 22,926 $ (9,245 ) $ — $ 191,132 Segment Assets $ 1,799,848 $ 104,848 $ 653,235 $ — $ 2,557,931 Depreciation, Depletion and Amortization $ 104,950 $ 2,414 $ 4,732 $ — $ 112,096 Capital Expenditures $ 52,453 $ 112 $ 4,890 $ — $ 57,455 PAMC CONSOL Marine Terminal Other Adjustments and Eliminations Consolidated Coal Revenue $ 357,478 $ — $ 287 $ — $ 357,765 (A) Terminal Revenue — 32,399 — — 32,399 Freight Revenue 6,232 — — — 6,232 Total Revenue from Contracts with Customers $ 363,710 $ 32,399 $ 287 $ — $ 396,396 Adjusted EBITDA $ 90,460 $ 21,214 $ (14,495 ) $ — $ 97,179 Segment Assets $ 1,889,557 $ 99,942 $ 576,633 $ — $ 2,566,132 Depreciation, Depletion and Amortization $ 95,210 $ 2,517 $ 3,371 $ — $ 101,098 Capital Expenditures $ 36,954 $ 620 $ 8,873 $ — $ 46,447 |
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block] | Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Customer A $ 32,236 * $ 89,916 $ 48,829 Customer B $ 38,957 $ 30,032 $ 72,196 $ 134,386 Customer C $ 34,439 $ 14,060 $ 71,038 $ 49,743 Customer D $ 37,121 * $ 81,357 * Customer E $ 30,439 * * * |
Schedule of Adjusted EBITDA [Table Text Block] | Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 (Loss) Earnings Before Income Tax $ (4,721 ) $ (28,746 ) $ 26,868 $ (24,363 ) Interest Expense, net 16,187 14,722 31,448 30,393 Gain on Debt Extinguishment (106 ) — (789 ) (16,833 ) Interest Income (811 ) (122 ) (1,669 ) (366 ) Depreciation, Depletion and Amortization 52,199 46,155 112,096 101,098 Unrealized Loss on Commodity Derivative Instruments 20,437 — 20,437 — Pension Settlement 22 — 22 — Stock/Unit-Based Compensation 1,210 2,236 2,719 7,250 Adjusted EBITDA $ 84,417 $ 34,245 $ 191,132 $ 97,179 |
Note 18 - Related Party Trans_2
Note 18 - Related Party Transactions (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Related Party Transactions [Table Text Block] | Three Months Ended June 30, Six Months Ended June 30, 2020 2020 Operating and Other Costs $ 856 $ 1,709 Selling, General and Administrative Costs 1,864 4,657 Total Services from CONSOL Energy $ 2,720 $ 6,366 |
Note 1 - Basis of Presentatio_2
Note 1 - Basis of Presentation (Details Textual) | Jun. 30, 2021shares |
Preferred Stock, Shares Authorized (in shares) | 500,000 |
Preferred Stock, Shares Issued, Total (in shares) | 0 |
Note 1 - Basis of Presentatio_3
Note 1 - Basis of Presentation - Schedule of Antidilutive Securities (Details) - shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Antidilutive securities excluded from calculation of earnings per share (in shares) | 42,321 | 1,546,018 | 51,101 | 1,288,649 |
Restricted Stock Units (RSUs) [Member] | ||||
Antidilutive securities excluded from calculation of earnings per share (in shares) | 42,321 | 1,516,956 | 51,101 | 1,259,588 |
Performance Shares [Member] | ||||
Antidilutive securities excluded from calculation of earnings per share (in shares) | 0 | 29,062 | 0 | 29,061 |
Note 1 - Basis of Presentatio_4
Note 1 - Basis of Presentation - Schedule of Basic and Dilutive Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Net Income (Loss) | $ 4,172 | $ 26,404 | $ (21,063) | $ 2,475 | $ 30,576 | $ (18,588) |
Less: Net Loss Attributable to Noncontrolling Interest | 0 | (3,080) | 0 | (2,972) | ||
Net Income (Loss) Attributable to CONSOL Energy Inc. Stockholders | $ 4,172 | $ (17,983) | $ 30,576 | $ (15,616) | ||
Weighted-average shares of common stock outstanding (in shares) | 34,446,605 | 26,031,103 | 34,327,282 | 26,009,129 | ||
Effect of dilutive shares* (in shares) | 643,892 | 0 | 734,388 | 0 | ||
Weighted-average diluted shares of common stock outstanding (in shares) | 35,090,497 | 26,031,103 | 35,061,670 | 26,009,129 | ||
Total Basic Earnings (Loss) per Share (in dollars per share) | $ 0.12 | $ (0.69) | $ 0.89 | $ (0.60) | ||
Total Dilutive Earnings (Loss) per Share (in dollars per share) | $ 0.12 | $ (0.69) | $ 0.87 | $ (0.60) |
Note 2 - Major Transactions (De
Note 2 - Major Transactions (Details Textual) $ in Thousands | Oct. 22, 2020USD ($)shares | Jun. 30, 2021USD ($)shares | Dec. 31, 2020USD ($) |
Stock Issued During Period, Shares, Acquisitions (in shares) | shares | 7,967,690 | ||
Settlement Transaction with Murray Energy [Member] | |||
Other Receivables | $ 4,867 | $ 4,867 | |
Other Assets, Total | $ 21,339 | 22,055 | |
Public Unitholders [Member] | CCR [Member] | |||
Ownership, Oustanding Common Units, Percent | 39.30% | ||
CONSOL Coal Resources L P [Member] | CCR [Member] | |||
Ownership, Oustanding Common Units, Percent | 60.70% | ||
CONSOL Coal Resources L P [Member] | |||
Stock Issued During Period, Shares, Acquisitions (in shares) | shares | 7,967,690 | ||
Business Combination, Consideration Transferred, Equity Interest Acquired, Shares (in shares) | shares | 10,912,138 | ||
Business Combination, Consideration Transferred, Equity Interests, Shares, Exchange Ratio | 0.73 | ||
Business Combination, Consideration Transferred, Total | $ 51,710 | ||
CONSOL Coal Resources L P [Member] | Selling, General and Administrative Expenses [Member] | |||
Business Combination, Acquisition Related Costs | $ 9,822 |
Note 3 - Revenue (Details Textu
Note 3 - Revenue (Details Textual) - USD ($) $ in Thousands | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Capitalized Contract Cost, Net, Total | $ 0 | $ 0 | |
Capitalized Contract Cost, Amortization | 0 | $ 0 | |
Contract with Customer, Liability, Revenue Recognized | $ 0 | $ 0 |
Note 3 - Revenue - Revenue (Det
Note 3 - Revenue - Revenue (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Total Revenue from Contracts with Customers | $ 303,222 | $ 121,296 | $ 633,982 | $ 396,396 |
Domestic Coal Revenue [Member] | ||||
Total Revenue from Contracts with Customers | 117,161 | 69,317 | 276,377 | 217,427 |
Export Coal Revenue [Member] | ||||
Total Revenue from Contracts with Customers | 142,671 | 32,996 | 268,990 | 140,338 |
Terminal Revenue [Member] | ||||
Total Revenue from Contracts with Customers | 17,380 | 15,898 | 35,592 | 32,399 |
Freight Revenue [Member] | ||||
Total Revenue from Contracts with Customers | $ 26,010 | $ 3,085 | $ 53,023 | $ 6,232 |
Note 4 - Miscellaneous Other _3
Note 4 - Miscellaneous Other (Loss) Income (Details Textual) T in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021USD ($)T$ / T | Jun. 30, 2020USD ($) | Jun. 30, 2021USD ($)T | Jun. 30, 2020USD ($) | |
Unrealized Gain (Loss) on Derivatives and Commodity Contracts, Total | $ (20,437,000) | $ 0 | $ (20,437,000) | $ 0 |
Coal Contract [Member] | ||||
Derivative, Nonmonetary Notional Amount, Mass (US Ton) | T | 2 | 2 | ||
Underlying, Derivative Volume (in USD per US Ton) | $ / T | 79.34 | |||
Unrealized Gain (Loss) on Derivatives and Commodity Contracts, Total | $ (20,437) |
Note 4 - Miscellaneous Other _4
Note 4 - Miscellaneous Other (Loss) Income - Miscellaneous Other Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Interest Income | $ 811 | $ 122 | $ 1,669 | $ 366 |
Royalty Income - Non-Operated Coal | 673 | 2,893 | 2,274 | 7,397 |
Rental Income | 245 | 325 | 460 | 822 |
Contract Buyout | 0 | 30,144 | 0 | 40,969 |
Unrealized Loss on Commodity Derivative Instruments | (20,437) | 0 | (20,437) | 0 |
Other | 305 | 452 | 820 | 552 |
Miscellaneous Other (Loss) Income | $ (18,403) | $ 33,936 | $ (15,214) | $ 50,106 |
Note 5 - Components of Pensio_3
Note 5 - Components of Pension and Other Post-employment Benefit (OPEB) Plans Net Periodic Benefit Costs (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | $ (22) | $ 0 | $ (22) | $ 0 |
Other Comprehensive Income (Loss), Defined Benefit Plan, Settlement and Curtailment Gain (Loss), after Tax | 766 | |||
Other Comprehensive Income (Loss), Defined Benefit Plan, Adjustment for Settlement or Curtailment Gain (Loss), Tax | 265 | |||
Pension Plan [Member] | ||||
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | (22) | $ 0 | (22) | $ 0 |
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Remeasurement due to Settlement | $ (1,009) | |||
Commodity Contract [Member] | ||||
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | $ 22 |
Note 5 - Components of Pensio_4
Note 5 - Components of Pension and Other Post-employment Benefit (OPEB) Plans Net Periodic Benefit Costs - Components of Net Periodic Benefit (Credit) Cost (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Pension Settlement | $ 22 | $ 0 | $ 22 | $ 0 |
Pension Plan [Member] | ||||
Service Cost | 279 | 295 | 558 | 591 |
Interest Cost | 3,554 | 5,044 | 7,104 | 10,088 |
Expected Return on Plan Assets | (10,542) | (10,455) | (21,084) | (20,910) |
Amortization of Prior Service Credits | 0 | 0 | 0 | 0 |
Amortization of Actuarial Loss | 1,367 | 1,731 | 2,734 | 3,461 |
Pension Settlement | 22 | 0 | 22 | 0 |
Net Periodic Benefit (Credit) Cost | (5,320) | (3,385) | (10,666) | (6,770) |
Other Postretirement Benefits Plan [Member] | ||||
Service Cost | 0 | 0 | 0 | 0 |
Interest Cost | 1,819 | 3,199 | 3,637 | 6,398 |
Expected Return on Plan Assets | 0 | 0 | 0 | 0 |
Amortization of Prior Service Credits | (601) | (602) | (1,202) | (1,203) |
Amortization of Actuarial Loss | 1,629 | 2,320 | 3,258 | 4,639 |
Pension Settlement | 0 | 0 | 0 | 0 |
Net Periodic Benefit (Credit) Cost | $ 2,847 | $ 4,917 | $ 5,693 | $ 9,834 |
Note 6 - Components of Coal W_3
Note 6 - Components of Coal Workers' Pneumoconiosis (CWP) and Workers' Compensation Net Periodic Benefit Costs - Components of Net Period Benefit Costs (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Coal Workers Pneumoconiosis [Member] | ||||
Service Cost | $ 1,115 | $ 1,151 | $ 2,230 | $ 2,302 |
Interest Cost | 1,177 | 1,552 | 2,355 | 3,103 |
Amortization of Actuarial Loss | 2,091 | 1,401 | 4,182 | 2,802 |
State Administrative Fees and Insurance Bond Premiums | 0 | 0 | 0 | 0 |
Net Periodic Benefit (Credit) Cost | 4,383 | 4,104 | 8,767 | 8,207 |
Workers Compensation [Member] | ||||
Service Cost | 1,059 | 1,569 | 2,118 | 3,138 |
Interest Cost | 282 | 461 | 564 | 922 |
Amortization of Actuarial Loss | (45) | (122) | (90) | (244) |
State Administrative Fees and Insurance Bond Premiums | 444 | 461 | 912 | 1,082 |
Net Periodic Benefit (Credit) Cost | $ 1,740 | $ 2,369 | $ 3,504 | $ 4,898 |
Note 7 - Income Taxes (Details
Note 7 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Income Tax Expense (Benefit), Total | $ (8,893) | $ (7,683) | $ (3,708) | $ (5,775) | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% |
Note 8 - Credit Losses (Details
Note 8 - Credit Losses (Details Textual) - USD ($) $ in Thousands | Jan. 01, 2020 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance | $ 592,733 | $ 583,065 | $ 553,519 | $ 555,875 | $ 571,090 | $ 572,395 | |
Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance | (3,298) | ||||||
Retained Earnings [Member] | |||||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance | $ 277,426 | $ 273,254 | $ 246,850 | $ 240,989 | $ 258,972 | 259,903 | |
Retained Earnings [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance | $ 3,298 | $ (3,298) | |||||
Income Tax Effects Allocated Directly to Equity, Cumulative Effect of Change in Accounting Principle | $ 1,109 |
Note 8 - Credit Losses - Impact
Note 8 - Credit Losses - Impact of ASC 326 (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 | Jan. 01, 2020 |
Allowance for Credit Losses on Receivables | $ 1,573 | $ 1,661 | $ 2,811 |
Trade Accounts Receivable [Member] | |||
Allowance for Credit Losses on Receivables | 4,381 | 4,426 | 2,100 |
Other Receivables [Member] | |||
Allowance for Credit Losses on Receivables | $ 6,458 | $ 4,710 | 711 |
Other Assets [Member] | |||
Allowance for Credit Losses on Receivables | 0 | ||
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | |||
Allowance for Credit Losses on Receivables | 7,218 | ||
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Trade Accounts Receivable [Member] | |||
Allowance for Credit Losses on Receivables | 3,051 | ||
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Other Receivables [Member] | |||
Allowance for Credit Losses on Receivables | 3,372 | ||
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Other Assets [Member] | |||
Allowance for Credit Losses on Receivables | 795 | ||
Cumulative Effect, Period of Adoption, Adjustment [Member] | |||
Allowance for Credit Losses on Receivables | 4,407 | ||
Cumulative Effect, Period of Adoption, Adjustment [Member] | Trade Accounts Receivable [Member] | |||
Allowance for Credit Losses on Receivables | 951 | ||
Cumulative Effect, Period of Adoption, Adjustment [Member] | Other Receivables [Member] | |||
Allowance for Credit Losses on Receivables | 2,661 | ||
Cumulative Effect, Period of Adoption, Adjustment [Member] | Other Assets [Member] | |||
Allowance for Credit Losses on Receivables | $ 795 |
Note 8 - Credit Losses - Impa_2
Note 8 - Credit Losses - Impact of ASC 326 - Allowance for Credit Losses by Portfolio (Details) $ in Thousands | 6 Months Ended |
Jun. 30, 2021USD ($) | |
Beginning Balance | $ 1,661 |
Provision for expected credit losses | (88) |
Beginning Balance | 1,573 |
Trade Accounts Receivable [Member] | |
Beginning Balance | 4,426 |
Provision for expected credit losses | (45) |
Beginning Balance | 4,381 |
Other Receivables [Member] | |
Beginning Balance | 4,710 |
Provision for expected credit losses | 1,748 |
Beginning Balance | $ 6,458 |
Note 9 - Inventories - Inventor
Note 9 - Inventories - Inventories (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Coal | $ 12,457 | $ 7,163 |
Supplies | 46,842 | 49,037 |
Total Inventories | $ 59,299 | $ 56,200 |
Note 10 - Accounts Receivable_2
Note 10 - Accounts Receivable Securitization (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Payments of Financing Costs, Total | $ 2,368 | $ 9,002 | |||
Line of Credit [Member] | Accounts Receivable Securitization Facility [Member] | |||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 100,000 | $ 100,000 | |||
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | 0.60% | ||||
Accounts Receivable Eligible for Securitization | 24,730 | $ 24,730 | $ 31,868 | ||
Line of Credit Facility, Fair Value of Amount Outstanding | 0 | 0 | 0 | ||
Line of Credit Facility, Remaining Borrowing Capacity | 425 | 425 | 650 | ||
Letters of Credit Outstanding, Amount | $ 31,218 | ||||
Payments of Financing Costs, Total | 257 | $ 292 | $ 518 | $ 633 | |
Line of Credit [Member] | Accounts Receivable Securitization Facility [Member] | Minimum [Member] | |||||
Line of Credit Facility, Commitment Fee Percentage | 2.00% | ||||
Line of Credit [Member] | Accounts Receivable Securitization Facility [Member] | Maximum [Member] | |||||
Line of Credit Facility, Commitment Fee Percentage | 2.50% | ||||
Letter of Credit [Member] | Accounts Receivable Securitization Facility [Member] | |||||
Accounts Receivable Eligible for Securitization | $ 24,305 | $ 24,305 |
Note 11 - Property, Plant and_3
Note 11 - Property, Plant and Equipment (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Finance Lease, Right-of-Use Asset, before Accumulated Amortization | $ 74,599 | $ 74,599 | $ 112,334 | ||
Finance Lease, Right-of-Use Asset, Accumulated Amortization | 25,757 | 25,757 | $ 56,761 | ||
Finance Lease, Right-of-Use Asset, Amortization | $ 6,428 | $ 5,538 | $ 15,047 | $ 10,502 |
Note 11 - Property, Plant and_4
Note 11 - Property, Plant and Equipment - Property, Plant and Equipment (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Total Property, Plant and Equipment | $ 5,171,233 | $ 5,143,696 |
Less: Accumulated Depreciation, Depletion and Amortization | 3,168,407 | 3,094,634 |
Total Property, Plant and Equipment, Net | 2,002,826 | 2,049,062 |
Coal and Other Plant and Equipment [Member] | ||
Total Property, Plant and Equipment | 3,150,799 | 3,134,149 |
Mining Properties and Mineral Rights [Member] | ||
Total Property, Plant and Equipment | 876,297 | 874,567 |
Airshafts [Member] | ||
Total Property, Plant and Equipment | 461,804 | 452,976 |
Mine Development [Member] | ||
Total Property, Plant and Equipment | 356,172 | 354,691 |
Coal Advance Mining Royalties [Member] | ||
Total Property, Plant and Equipment | $ 326,161 | $ 327,313 |
Note 12 - Other Accrued Liabi_3
Note 12 - Other Accrued Liabilities - Other Accrued Liabilities (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Subsidence Liability | $ 92,090 | $ 89,554 |
Accrued Payroll and Benefits | 21,232 | 21,179 |
Commodity Derivatives | 16,867 | 0 |
Accrued Interest | 7,587 | 6,236 |
Accrued Other Taxes | 4,564 | 7,126 |
Litigation | 3,335 | 3,625 |
Accrued Equipment Obligations | 2,302 | 6,698 |
Other | 21,485 | 20,220 |
Asset Retirement Obligations | 26,020 | 20,587 |
Postretirement Benefits Other than Pensions | 25,662 | 26,073 |
Pneumoconiosis Benefits | 12,063 | 12,203 |
Workers' Compensation | 9,552 | 9,653 |
Total Other Accrued Liabilities | $ 242,759 | $ 223,154 |
Note 13 - Long-term Debt (Detai
Note 13 - Long-term Debt (Details Textual) | Mar. 28, 2019USD ($) | Apr. 30, 2021USD ($) | Jun. 30, 2021USD ($) | Mar. 31, 2021USD ($) | Jun. 30, 2020USD ($) | Mar. 31, 2020USD ($) | Jun. 30, 2021USD ($) | Jun. 30, 2020USD ($) | Sep. 30, 2020USD ($) | Jun. 30, 2022 | Dec. 31, 2021USD ($) | Sep. 30, 2021 | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | Dec. 31, 2017 | Nov. 30, 2017USD ($) | |
Long-term Debt, Current Maturities, Total | [1] | $ 31,395,000 | $ 31,395,000 | $ 33,731,000 | |||||||||||||
Assets, Total | 2,557,931,000 | $ 2,566,132,000 | 2,557,931,000 | $ 2,566,132,000 | 2,523,366,000 | ||||||||||||
Net Income (Loss) Attributable to Parent, Total | 4,172,000 | (17,983,000) | 30,576,000 | (15,616,000) | |||||||||||||
Gain (Loss) on Extinguishment of Debt, Total | 106,000 | 0 | 789,000 | 16,833,000 | |||||||||||||
Debt Instrument, Collateral Amount | 2,451,000 | 2,451,000 | 2,813,000 | ||||||||||||||
Derivative Liability, Current | 1,749,000 | 1,749,000 | 2,834,000 | ||||||||||||||
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Total | 391,000 | $ 414,000 | (12,000) | $ (2,773,000) | 805,000 | (2,785,000) | |||||||||||
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax | (135,000) | $ (144,000) | 4,000 | $ 933,000 | (279,000) | 937,000 | |||||||||||
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax | (555,000) | (434,000) | (1,087,000) | (430,000) | |||||||||||||
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | 1,369,000 | ||||||||||||||||
Non-Guarantor Subsidiaries [Member] | |||||||||||||||||
Assets, Total | 100,209,000 | 100,209,000 | 123,468,000 | ||||||||||||||
Accounts Receivable, after Allowance for Credit Loss, Total | 99,716,000 | 99,716,000 | 122,639,000 | ||||||||||||||
Net Income (Loss) Attributable to Parent, Total | $ (3,284,000) | $ 312,000 | (2,125,000) | 1,359,000 | |||||||||||||
Forecast [Member] | |||||||||||||||||
Derivative, Notional Amount | $ 150,000,000 | ||||||||||||||||
Senior Secured Second Lien Notes due 2025 [Member] | |||||||||||||||||
Repayments of Debt | $ 14,153,000 | $ 25,480,000 | |||||||||||||||
PEDFA Solid Waste Disposal Revenue Bonds [Member] | |||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 9.00% | 9.00% | 9.00% | ||||||||||||||
Debt Instrument, Face Amount | $ 75,000,000 | ||||||||||||||||
Debt Instrument, Term (Year) | 7 years | ||||||||||||||||
Proceeds from Issuance of Debt | $ 75,000,000 | ||||||||||||||||
Proceeds from Reimbursements from Qualified Expenses | $ 21,464,000 | ||||||||||||||||
Restricted Cash, Total | $ 53,536,000 | ||||||||||||||||
Revolving Credit Facility [Member] | |||||||||||||||||
Long-term Line of Credit, Total | 0 | ||||||||||||||||
Loans Payable [Member] | The TLA Facility [Member] | |||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 100,000,000 | ||||||||||||||||
Loans Payable [Member] | Senior Secured Second Lien Notes due 2025 [Member] | |||||||||||||||||
Debt Instrument, Covenant, Maximum Amount of Letters of Credit | $ 200,000 | ||||||||||||||||
Debt Instrument, Covenant, Net Leverage Ratio, Maximum | 2 | 2 | |||||||||||||||
Loans Payable [Member] | The TLB Facility [Member] | |||||||||||||||||
Long-term Debt, Current Maturities, Total | $ 5,000,000 | $ 5,000,000 | |||||||||||||||
Long-term Debt, Percentage Bearing Fixed Interest, Amount | 50,000,000 | $ 150,000,000 | |||||||||||||||
Loans Payable [Member] | The TLB Facility [Member] | Forecast [Member] | |||||||||||||||||
Long-term Debt, Percentage Bearing Fixed Interest, Amount | $ 50,000,000 | ||||||||||||||||
Loans Payable [Member] | The TLB Facility [Member] | Maximum [Member] | |||||||||||||||||
Debt Instrument, Repayment, Percent of Excess Cash Flow | 75.00% | ||||||||||||||||
Loans Payable [Member] | The TLB Facility [Member] | Minimum [Member] | |||||||||||||||||
Debt Instrument, Repayment, Percent of Excess Cash Flow | 0.00% | ||||||||||||||||
Loans Payable [Member] | Revolving Credit Facility [Member] | |||||||||||||||||
Finance Lease, Liability, Current | 19,466,000 | $ 19,466,000 | 20,115,000 | ||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | 300,000,000 | ||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 0.50% | ||||||||||||||||
Loans Payable [Member] | Revolving Credit Facility [Member] | Senior Secured Second Lien Notes due 2025 [Member] | |||||||||||||||||
Debt Instrument, Covenant, Maximum Additional Borrowings | $ 0 | ||||||||||||||||
Loans Payable [Member] | The TLB Facility [Member] | |||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | 400,000,000 | ||||||||||||||||
Line of Credit [Member] | Revolving Credit Facility [Member] | |||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 400,000 | $ 300,000,000 | |||||||||||||||
Letters of Credit Outstanding, Amount | 146,934,000 | 146,934,000 | 125,938,000 | ||||||||||||||
Line of Credit Facility, Remaining Borrowing Capacity | $ 253,066,000 | $ 253,066,000 | $ 274,062,000 | ||||||||||||||
Line of Credit [Member] | Revolving Credit Facility and TLA Facility [Member] | |||||||||||||||||
Debt Instrument, Covenant, Net Leverage Ratio, Maximum | 2.75 | 3.75 | 2.75 | 3.25 | |||||||||||||
Debt Instrument, Covenant, Fixed Charge Coverage Ratio, Minimum | 1.10 | 1.10 | |||||||||||||||
Debt Instrument, Maximum First Lien Gross Leverage Ratio | 1.14 | 1.14 | |||||||||||||||
Debt Instrument, Maximum Net Leverage Ratio | 1.70 | 1.70 | |||||||||||||||
Debt Instrument, Minimum Fixed Charge Coverage Ratio | 1.89 | 1.89 | |||||||||||||||
Line of Credit [Member] | Revolving Credit Facility and TLA Facility [Member] | Forecast [Member] | |||||||||||||||||
Debt Instrument, Covenant, Net Leverage Ratio, Maximum | 3.50 | ||||||||||||||||
Debt Instrument, Covenant, Fixed Charge Coverage Ratio, Minimum | 1.05 | 1 | |||||||||||||||
Line of Credit [Member] | Revolving Credit Facility and TLA Facility [Member] | Maximum [Member] | |||||||||||||||||
Debt Instrument, Covenant, First Lien Gross Leverage Ratio | 1.75 | 2.50 | 1.75 | ||||||||||||||
Line of Credit [Member] | Revolving Credit Facility and TLA Facility [Member] | Maximum [Member] | Forecast [Member] | |||||||||||||||||
Debt Instrument, Covenant, First Lien Gross Leverage Ratio | 2.25 | 2 | |||||||||||||||
Senior Notes [Member] | Senior Secured Second Lien Notes due 2025 [Member] | |||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | ||||||||||
Repayments of Debt | $ 14,153,000 | $ 25,480,000 | |||||||||||||||
Debt Instrument, Repurchased Face Amount | $ 15,190,000 | $ 43,176,000 | 15,190,000 | 43,176,000 | |||||||||||||
Repayments of Lines of Credit | $ 25,480,000 | ||||||||||||||||
Senior Notes [Member] | The TLB Facility [Member] | |||||||||||||||||
Repayments of Lines of Credit | 5,000,000 | ||||||||||||||||
Secured Debt [Member] | Other Asset-backed Financing Maturing December 2020 [Member] | |||||||||||||||||
Debt Instrument, Collateral Amount | $ 2,451,000 | $ 2,451,000 | |||||||||||||||
Debt, Weighted Average Interest Rate | 3.61% | 3.61% | 3.61% | ||||||||||||||
[1] | Excludes current portion of Finance Lease Obligations of $21,261 and $18,219 at September 30, 2020 and December 31, 2019, respectively. |
Note 13 - Long-term Debt - Long
Note 13 - Long-term Debt - Long-term Debt (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 | |
Long term debt | $ 640,721 | $ 600,589 | |
Long term debt | 640,721 | 600,589 | |
Unamortized discount | 10,639 | 9,921 | |
Long-term Debt, Current Maturities, Total | [1] | 31,395 | 33,731 |
Long-Term Debt | 609,326 | 566,858 | |
MEDCO Revenue Bonds in Series Due September 2025 at 5.75% [Member] | |||
Long term debt | 102,865 | 102,865 | |
Long term debt | 102,865 | 102,865 | |
PEDFA Solid Waste Disposal Revenue Bonds [Member] | |||
Long term debt | 75,000 | 0 | |
Long term debt | 75,000 | 0 | |
Term Loan A Facility [Member] | |||
Long term debt | 53,750 | 66,250 | |
Long term debt | 53,750 | 66,250 | |
Other Asset Backed Financing [Member] | |||
Long term debt | 2,451 | 2,813 | |
Long term debt | 2,451 | 2,813 | |
Advance Royalty Commitments [Member] | |||
Long term debt | 2,185 | 2,185 | |
Long term debt | 2,185 | 2,185 | |
Loans Payable [Member] | Term Loan B Facility [Member] | |||
Long term debt | 263,152 | 269,250 | |
Long term debt | 263,152 | 269,250 | |
Unamortized discount | 813 | 938 | |
Senior Notes [Member] | Senior Secured Second Lien Notes due 2025 [Member] | |||
Long term debt | 151,957 | 167,147 | |
Long term debt | $ 151,957 | $ 167,147 | |
[1] | Excludes current portion of Finance Lease Obligations of $21,261 and $18,219 at September 30, 2020 and December 31, 2019, respectively. |
Note 13 - Long-term Debt - Lo_2
Note 13 - Long-term Debt - Long-term Debt (Details) (Parentheticals) - USD ($) $ in Thousands | Jun. 30, 2021 | Apr. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Dec. 31, 2017 | Nov. 30, 2017 |
Unamortized discount | $ 10,639 | $ 9,921 | ||||
MEDCO Revenue Bonds in Series Due September 2025 at 5.75% [Member] | ||||||
Debt Instrument, Interest Rate, Stated Percentage | 5.75% | 5.75% | ||||
interest rate | 5.75% | 5.75% | ||||
PEDFA Solid Waste Disposal Revenue Bonds [Member] | ||||||
Debt Instrument, Interest Rate, Stated Percentage | 9.00% | 9.00% | ||||
interest rate | 9.00% | 9.00% | ||||
Term Loan A Facility [Member] | ||||||
Debt, Weighted Average Interest Rate | 5.25% | 5.50% | ||||
Weighted average interest rate | 5.25% | 5.50% | ||||
Advance Royalty Commitments [Member] | ||||||
Debt, Weighted Average Interest Rate | 13.68% | 13.68% | ||||
Weighted average interest rate | 13.68% | 13.68% | ||||
Loans Payable [Member] | Term Loan B Facility [Member] | ||||||
Principal Amount | $ 263,965 | $ 270,188 | ||||
Unamortized discount | $ 813 | $ 938 | ||||
Debt, Weighted Average Interest Rate | 4.61% | 4.65% | ||||
Weighted average interest rate | 4.61% | 4.65% | ||||
Senior Notes [Member] | Senior Secured Second Lien Notes due 2025 [Member] | ||||||
Debt Instrument, Interest Rate, Stated Percentage | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | |
interest rate | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% |
Note 14 - Commitments and Con_3
Note 14 - Commitments and Contingent Liabilities (Details Textual) $ in Millions | Aug. 23, 2017 | Mar. 31, 2021USD ($) | Dec. 31, 2020USD ($) |
Number of Mines Sold | 5 | ||
Guarantees, Maximum Exposure | $ 8 | ||
Casey Litigation [Member] | Pending Litigation [Member] | |||
Loss Contingency, Number of Plaintiffs | 2 | ||
United Mine Workers of America 1992 Benefit Plan Litigation [Member] | Pending Litigation [Member] | Minimum [Member] | |||
Estimated Liability, Annual Servicing Cost, Next Ten Years | $ 10 | ||
United Mine Workers of America 1992 Benefit Plan Litigation [Member] | Pending Litigation [Member] | Maximum [Member] | |||
Estimated Liability, Annual Servicing Cost, Next Ten Years | $ 20 |
Note 14 - Commitments and Con_4
Note 14 - Commitments and Contingent Liabilities - Material Adverse Effect on Company's Financial Condition (Details) $ in Thousands | Jun. 30, 2021USD ($) |
Standby Letters of Credit [Member] | |
Total Amounts Committed | $ 171,239 |
Less Than 1 Year | 146,366 |
1-3 Years | 24,873 |
3-5 Years | 0 |
Beyond 5 years | 0 |
Standby Letters of Credit [Member] | Employee Related Commitment [Member] | |
Total Amounts Committed | 58,068 |
Less Than 1 Year | 41,869 |
1-3 Years | 16,199 |
3-5 Years | 0 |
Beyond 5 years | 0 |
Standby Letters of Credit [Member] | Environmental Commitment [Member] | |
Total Amounts Committed | 398 |
Less Than 1 Year | 398 |
1-3 Years | 0 |
3-5 Years | 0 |
Beyond 5 years | 0 |
Standby Letters of Credit [Member] | Other Commitment [Member] | |
Total Amounts Committed | 112,773 |
Less Than 1 Year | 104,099 |
1-3 Years | 8,674 |
3-5 Years | 0 |
Beyond 5 years | 0 |
Surety Bond [Member] | |
Total Amounts Committed | 625,008 |
Less Than 1 Year | 610,471 |
1-3 Years | 14,537 |
3-5 Years | 0 |
Beyond 5 years | 0 |
Surety Bond [Member] | Employee Related Commitment [Member] | |
Total Amounts Committed | 83,524 |
Less Than 1 Year | 83,524 |
1-3 Years | 0 |
3-5 Years | 0 |
Beyond 5 years | 0 |
Surety Bond [Member] | Environmental Commitment [Member] | |
Total Amounts Committed | 537,230 |
Less Than 1 Year | 523,370 |
1-3 Years | 13,860 |
3-5 Years | 0 |
Beyond 5 years | 0 |
Surety Bond [Member] | Other Commitment [Member] | |
Total Amounts Committed | 4,254 |
Less Than 1 Year | 3,577 |
1-3 Years | 677 |
3-5 Years | 0 |
Beyond 5 years | 0 |
Other Guarantee Obligations [Member] | Other Commitment [Member] | |
Total Amounts Committed | 8,141 |
Less Than 1 Year | 8,141 |
1-3 Years | 0 |
3-5 Years | 0 |
Beyond 5 years | $ 0 |
Note 15 - Derivatives (Details
Note 15 - Derivatives (Details Textual) T in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021USD ($)T | Jun. 30, 2020USD ($) | Jun. 30, 2021USD ($)T | Jun. 30, 2020USD ($) | |
Unrealized Gain (Loss) on Derivatives and Commodity Contracts, Total | $ (20,437,000) | $ 0 | $ (20,437,000) | $ 0 |
Coal Contract [Member] | ||||
Derivative, Nonmonetary Notional Amount, Mass (US Ton) | T | 2 | 2 | ||
Unrealized Gain (Loss) on Derivatives and Commodity Contracts, Total | $ (20,437) | |||
Coal Contract [Member] | Miscellaneous Other (Loss) Income [Member] | ||||
Unrealized Gain (Loss) on Derivatives and Commodity Contracts, Total | $ (20,437,000) | $ (20,437,000) |
Note 15 - Derivatives - Fair Va
Note 15 - Derivatives - Fair Value of Derivatives (Details) - Coal Contract [Member] - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Assets Derivatives, gross | $ 160 | $ 0 |
Liabilities, gross | (20,597) | 0 |
Effect of Counterparty Netting | (160) | 0 |
Effect of Counterparty Netting | 160 | 0 |
Assets Derivatives, net | 0 | 0 |
Liabilities, net | $ (20,437) | $ 0 |
Note 16 - Fair Value of Finan_3
Note 16 - Fair Value of Financial instruments - Financial Instruments Measured at Fair Value (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member] | ||
Interest Rate Swaps | $ 0 | $ 0 |
Fair Value, Inputs, Level 1 [Member] | Commodity Contract [Member] | ||
Interest Rate Swaps | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] | ||
Interest Rate Swaps | (1,749) | (2,834) |
Fair Value, Inputs, Level 2 [Member] | Commodity Contract [Member] | ||
Interest Rate Swaps | (20,437) | 0 |
Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member] | ||
Interest Rate Swaps | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Commodity Contract [Member] | ||
Interest Rate Swaps | $ 0 | $ 0 |
Note 16 - Fair Value of Finan_4
Note 16 - Fair Value of Financial instruments - Schedule of Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Reported Value Measurement [Member] | ||
Long-Term Debt, Fair Value | $ 651,360 | $ 610,510 |
Estimate of Fair Value Measurement [Member] | ||
Long-Term Debt, Fair Value | $ 654,410 | $ 517,862 |
Note 17 - Segment Information_2
Note 17 - Segment Information (Details Textual) | 6 Months Ended |
Jun. 30, 2021 | |
Number of Reportable Segments | 2 |
Note 17 - Segment Information -
Note 17 - Segment Information - Industry Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | ||
Revenue | $ 303,222 | $ 121,296 | $ 633,982 | $ 396,396 | ||
Adjusted EBITDA | 84,417 | 34,245 | 191,132 | 97,179 | ||
Assets, Total | 2,557,931 | 2,566,132 | 2,557,931 | 2,566,132 | $ 2,523,366 | |
Depreciation, Depletion and Amortization | 52,199 | 46,155 | 112,096 | 101,098 | ||
Capital Expenditures | 43,655 | 19,269 | 57,455 | 46,447 | ||
Coal Revenue [Member] | ||||||
Revenue | [1] | 259,832 | 102,313 | 545,367 | 357,765 | |
Terminal Revenue [Member] | ||||||
Revenue | 17,380 | 15,898 | 35,592 | 32,399 | ||
Freight Revenue [Member] | ||||||
Revenue | 26,010 | 3,085 | 53,023 | 6,232 | ||
Intersegment Eliminations [Member] | ||||||
Revenue | 0 | 0 | 0 | 0 | ||
Adjusted EBITDA | 0 | 0 | 0 | 0 | ||
Assets, Total | 0 | 0 | 0 | 0 | ||
Depreciation, Depletion and Amortization | 0 | 0 | 0 | 0 | ||
Capital Expenditures | 0 | 0 | 0 | 0 | ||
Intersegment Eliminations [Member] | Coal Revenue [Member] | ||||||
Revenue | [1] | 0 | 0 | 0 | 0 | |
Intersegment Eliminations [Member] | Terminal Revenue [Member] | ||||||
Revenue | 0 | 0 | 0 | 0 | ||
Intersegment Eliminations [Member] | Freight Revenue [Member] | ||||||
Revenue | 0 | 0 | 0 | 0 | ||
Pennsylvania Mining Complex [Member] | Operating Segments [Member] | ||||||
Revenue | 284,492 | 105,111 | 595,971 | 363,710 | ||
Adjusted EBITDA | 78,267 | 26,882 | 177,451 | 90,460 | ||
Assets, Total | 1,799,848 | 1,889,557 | 1,799,848 | 1,889,557 | ||
Depreciation, Depletion and Amortization | 50,169 | 46,793 | 104,950 | 95,210 | ||
Capital Expenditures | 39,874 | 16,262 | 52,453 | 36,954 | ||
Pennsylvania Mining Complex [Member] | Operating Segments [Member] | Coal Revenue [Member] | ||||||
Revenue | [1] | 258,482 | 102,026 | 542,948 | 357,478 | |
Pennsylvania Mining Complex [Member] | Operating Segments [Member] | Terminal Revenue [Member] | ||||||
Revenue | 0 | 0 | 0 | 0 | ||
Pennsylvania Mining Complex [Member] | Operating Segments [Member] | Freight Revenue [Member] | ||||||
Revenue | 26,010 | 3,085 | 53,023 | 6,232 | ||
CONSOL Marine Terminal [Member] | Operating Segments [Member] | ||||||
Revenue | 17,380 | 15,898 | 35,592 | 32,399 | ||
Adjusted EBITDA | 10,965 | 10,660 | 22,926 | 21,214 | ||
Assets, Total | 104,848 | 99,942 | 104,848 | 99,942 | ||
Depreciation, Depletion and Amortization | 1,200 | 1,260 | 2,414 | 2,517 | ||
Capital Expenditures | 52 | 514 | 112 | 620 | ||
CONSOL Marine Terminal [Member] | Operating Segments [Member] | Coal Revenue [Member] | ||||||
Revenue | [1] | 0 | 0 | 0 | 0 | |
CONSOL Marine Terminal [Member] | Operating Segments [Member] | Terminal Revenue [Member] | ||||||
Revenue | 17,380 | 15,898 | 35,592 | 32,399 | ||
CONSOL Marine Terminal [Member] | Operating Segments [Member] | Freight Revenue [Member] | ||||||
Revenue | 0 | 0 | 0 | 0 | ||
Other Segments [Member] | Operating Segments [Member] | ||||||
Revenue | 1,350 | 287 | 2,419 | 287 | ||
Adjusted EBITDA | (4,815) | (3,297) | (9,245) | (14,495) | ||
Assets, Total | 653,235 | 576,633 | 653,235 | 576,633 | ||
Depreciation, Depletion and Amortization | 830 | (1,898) | 4,732 | 3,371 | ||
Capital Expenditures | 3,729 | 2,493 | 4,890 | 8,873 | ||
Other Segments [Member] | Operating Segments [Member] | Coal Revenue [Member] | ||||||
Revenue | [1] | 1,350 | 287 | 2,419 | 287 | |
Other Segments [Member] | Operating Segments [Member] | Terminal Revenue [Member] | ||||||
Revenue | 0 | 0 | 0 | 0 | ||
Other Segments [Member] | Operating Segments [Member] | Freight Revenue [Member] | ||||||
Revenue | $ 0 | $ 0 | $ 0 | $ 0 | ||
[1] | For the three and six months ended June 30, 2021 and 2020, the PAMC segment had revenues from the following customers, each comprising over 10% of the Company's total sales |
Note 17 - Segment Information_3
Note 17 - Segment Information - Segment Revenue (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Revenue | $ 303,222 | $ 121,296 | $ 633,982 | $ 396,396 |
Revenue Benchmark [Member] | Pennsylvania Mining Complex [Member] | Customer Concentration Risk [Member] | Customer A [Member] | ||||
Revenue | 32,236 | 89,916 | 48,829 | |
Revenue Benchmark [Member] | Pennsylvania Mining Complex [Member] | Customer Concentration Risk [Member] | Customer B [Member] | ||||
Revenue | 38,957 | 30,032 | 72,196 | 134,386 |
Revenue Benchmark [Member] | Pennsylvania Mining Complex [Member] | Customer Concentration Risk [Member] | Customer C [Member] | ||||
Revenue | 34,439 | $ 14,060 | 71,038 | $ 49,743 |
Revenue Benchmark [Member] | Pennsylvania Mining Complex [Member] | Customer Concentration Risk [Member] | Customer D [Member] | ||||
Revenue | 37,121 | $ 81,357 | ||
Revenue Benchmark [Member] | Pennsylvania Mining Complex [Member] | Customer Concentration Risk [Member] | Customer E [Member] | ||||
Revenue | $ 30,439 |
Note 17 - Segment Information_4
Note 17 - Segment Information - Adjusted EBITDA (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
(Loss) Earnings Before Income Tax | $ (4,721) | $ (28,746) | $ 26,868 | $ (24,363) |
Interest Expense, net | 16,187 | 14,722 | 31,448 | 30,393 |
Gain on Debt Extinguishment | (106) | 0 | (789) | (16,833) |
Interest Income | (811) | (122) | (1,669) | (366) |
Depreciation, Depletion and Amortization | 52,199 | 46,155 | 112,096 | 101,098 |
Unrealized Loss on Commodity Derivative Instruments | 20,437 | 0 | 20,437 | 0 |
Pension Settlement | 22 | 0 | 22 | 0 |
Stock/Unit-Based Compensation | 1,210 | 2,236 | 2,719 | 7,250 |
Adjusted EBITDA | $ 84,417 | $ 34,245 | $ 191,132 | $ 97,179 |
Note 18 - Related Party Trans_3
Note 18 - Related Party Transactions (Details Textual) | 6 Months Ended |
Jun. 30, 2021USD ($)shares | |
Stock Issued During Period, Shares, Acquisitions (in shares) | 7,967,690 |
CONSOL Coal Resources L P [Member] | |
Common Unit, Issued (in shares) | 10,912,138 |
Common Stock, Fixed Exchange Ratio | 0.73 |
Conversion of Stock, Amount Converted | $ | $ 51,710 |
CONSOL Coal Resources L P [Member] | Affiliated Company Credit Agreement [Member] | Affiliated Entity [Member] | |
Common Unit, Issued (in shares) | 37,322,410 |
Repayments of Long-term Debt, Total | $ | $ 176,535 |
Note 18 - Related Party Trans_4
Note 18 - Related Party Transactions - Changes for Services (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jun. 30, 2020 | Jun. 30, 2020 | |
Total Services from CONSOL Energy | $ 2,720 | $ 6,366 |
Operating and Other Costs [Member] | ||
Total Services from CONSOL Energy | 856 | 1,709 |
Selling, General and Administrative Expenses [Member] | ||
Total Services from CONSOL Energy | $ 1,864 | $ 4,657 |
Note 19 - Stock and Debt Repu_2
Note 19 - Stock and Debt Repurchases (Details Textual) - USD ($) shares in Thousands | 6 Months Ended | |||||
Jun. 30, 2021 | Jun. 30, 2020 | Apr. 01, 2021 | Dec. 31, 2020 | Dec. 31, 2017 | Nov. 30, 2017 | |
Stock and Debt Repurchase Program, Authorized Amount | $ 320,000 | |||||
Stock Repurchased and Retired During Period, Shares (in shares) | 0 | 0 | ||||
Senior Secured Second Lien Notes due 2025 [Member] | ||||||
Repayments of Debt | $ 14,153,000 | $ 25,480,000 | ||||
Senior Notes [Member] | Senior Secured Second Lien Notes due 2025 [Member] | ||||||
Debt Instrument, Interest Rate, Stated Percentage | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | |
Repayments of Debt | $ 14,153,000 | $ 25,480,000 | ||||
Debt Instrument, Repurchased Face Amount | $ 15,190,000 | $ 43,176,000 |