Note 19 - Subsequent Events

3 Months Ended

Mar. 31, 2021

Notes to Financial Statements

Subsequent Events [Text Block]

NOTE 19—Subsequent Events :

On April 13, 2021, tax-exempt solid waste disposal revenue bonds in the amount of $75 million were issued through the Pennsylvania Economic Development Financing Authority (PEDFA). The bonds will have a 30-year maturity and were priced in an initial 7-year term rate period with an interest rate of 9.0 percent. The proceeds will be used to finance the already ongoing expansion of the coal refuse disposal areas at the Company's Bailey Preparation Plant in Graysville, PA, which will support current and future mining at the PAMC.

On April 28, 2021, CONSOL Energy Inc.'s Board of Directors approved an expansion of the stock and debt repurchase program. The aggregate amount of the program's expansion is $50 million, bringing the total amount of the Company's stock and debt repurchase program to $320 million. The Company's Board of Directors also approved extending the termination date of the program from June 30, 2022 to December 31, 2022. The program's available capacity as of May 4, 2021 is approximately $132 million.