Note 25 - Related Party Transactions

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

NOTE 25—RELATED PARTY TRANSACTIONS

PA Mining Complex LP

On December 30, 2020, CONSOL Energy completed the acquisition of all of the outstanding common units of PA Mining Complex LP, and PA Mining Complex LP became the Company's indirect wholly-owned subsidiary (see Note 2 - Major Transactions for additional information). In connection with the closing of the CCR Merger, CONSOL Energy issued 7,967,690 shares of its common stock to acquire the 10,912,138 common units of the Partnership held by third-party investors at a fixed exchange ratio of 0.73 shares of CEIX common stock for each Partnership unit, for total implied consideration of $51,710.

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, as amended on November 28, 2017, and an Affiliated Company Credit Agreement. Under the Omnibus Agreement, CONSOL Energy provided the Partnership with certain services in exchange for payments by the Partnership for those services. In connection with the closing of the CCR Merger, the Affiliated Company Credit Agreement was terminated, all obligations and guarantees thereunder repaid and discharged and all liens granted in connection therewith released. In connection with the termination of the Affiliated Company Credit Agreement and in exchange for, and in satisfaction of, payment of the outstanding balance of approximately $176,535 thereunder, the Partnership issued 37,322,410 Partnership common units to the Company.

Charges for services from the Company to the Partnership prior to the CCR Merger include the following:

	For the Years Ended December 31,
	2020		2019
Operating and Other Costs	$	3,820	$	3,219
Selling, General and Administrative Costs		9,604		8,309
Total Services from CONSOL Energy	$	13,424	$	11,528

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.