SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2018

SEGMENT INFORMATION:

CONSOL Energy Inc. consists of one reportable segment: Pennsylvania Mining Complex. The principal activities of PAMC are mining, preparation and marketing of thermal coal, sold primarily to power generators. It also includes selling, general and administrative activities, as well as various other activities assigned to PAMC.

CONSOL Energy Inc.’s Other segment includes revenue and expenses from various corporate and diversified business activities that are not allocated to PAMC. The diversified business activities include coal terminal operations, closed and idle mine activities, selling, general and administrative activities, as well as various other non-operated activities, none of which are individually significant to the Company.

Industry segment results for the three months ended March 31, 2018 are:



	PAMC		Other			Adjustments and Eliminations		Consolidated
Coal Revenue	$	351,009	$	—		$	—	$	351,009	(A)
Terminal Revenue	—		15,221			—		15,221
Freight Revenue	17,887		—			—		17,887
Total Revenue and Freight	$	368,896	$	15,221		$	—	$	384,117
Earnings (Loss) Before Income Tax	$	98,480	$	(21,337	)	$	—	$	77,143
Segment Assets	$	1,965,979	$	763,137		$	—	$	2,729,116
Depreciation, Depletion and Amortization	$	43,257	$	6,214		$	—	$	49,471
Capital Expenditures	$	19,714	$	2,242		$	—	$	21,956


(A)	Included in the PAMC segment are sales of $86,826 to Key-Con Fuels, $52,213 to Duke Energy and $39,262 to Raven Power Fort Smallwood LLC, each comprising over 10% of sales.

Industry segment results for the three months ended March 31, 2017 are:



	PAMC		Other			Adjustments and Eliminations		Consolidated
Coal Revenue	$	316,448	$	—		$	—	$	316,448	(B)
Terminal Revenue	—		12,886			—		12,886
Freight Revenue	12,282		—			—		12,282
Total Revenue and Freight	$	328,730	$	12,886		$	—	$	341,616
Earnings (Loss) Before Income Tax	$	61,015	$	(5,164	)	$	—	$	55,851
Segment Assets	$	1,955,172	$	729,904		$	—	$	2,685,076
Depreciation, Depletion and Amortization	$	42,301	$	10,692		$	—	$	52,993
Capital Expenditures	$	8,118	$	903		$	—	$	9,021


(B)	Included in the PAMC segment are sales of $57,070 to Duke Energy and sales of $54,820 to Xcoal, each comprising over 10% of sales.

Reconciliation of Segment Information to Consolidated Amounts:

Total Assets:



	March 31,
	2018		2017
Segment assets for total reportable business segments	$	1,965,979	$	1,955,172
Segment assets for all other business segments	504,822		539,164
Items excluded from segment assets:
Cash and other investments	190,777		72
Deferred tax assets	67,538		190,668
Total Consolidated Assets	$	2,729,116	$	2,685,076