GUARANTOR SUBSIDIARIES FINANCIAL INFORMATION:

The payment obligations under the $400,000, Term Loan B due in November 2022, the $300,000, 11.000% per annum senior notes due November 2025, and the $100,000, Term Loan A due in November 2021 issued by CONSOL Energy are jointly and severally, and also fully and unconditionally, guaranteed by certain subsidiaries of CONSOL Energy. In accordance with positions established by the SEC, the following financial information sets forth separate financial information with respect to the parent, guarantor subsidiaries, CCR, a non-guarantor subsidiary, and the remaining non-guarantor subsidiaries. The principal elimination entries include investments in subsidiaries and certain intercompany balances and transactions. CONSOL Energy, the parent, and a guarantor subsidiary manage several assets and liabilities of all other wholly owned subsidiaries. These include, for example, deferred tax assets, cash and other post-employment liabilities. These assets and liabilities are reflected as parent company or guarantor company amounts for purposes of this presentation.

Income Statement for the Three Months Ended June 30, 2018 (unaudited):



	Parent Issuer		Guarantor		CCR Non-Guarantor			Non-Guarantor			Elimination			Consolidated
Revenues and Other Income:
Coal Revenue	$	—	$	278,023	$	92,674		$	—		$	—		370,697
Terminal Revenue	—		16,659		—			—			—			16,659
Freight Revenue	—		13,083		4,361			—			—			17,444
Miscellaneous Other Income	70,678		5,583		1,036			—			(66,928		)	10,369
Gain on Sale of Assets	8		110		(14		)	—			—			104
Total Revenue and Other Income	70,686		313,458		98,057			—			(66,928		)	415,273
Costs and Expenses:
Operating and Other Costs	—		190,023		57,299			873			—			248,195
Depreciation, Depletion and Amortization	—		43,065		11,896			—			—			54,961
Freight Expense	—		13,083		4,361			—			—			17,444
Selling, General and Administrative Costs	—		12,364		3,341			—			—			15,705
Loss on Debt Extinguishment	1,723		—		—			—			—			1,723
Interest Expense	20,769		735		1,784			—			(1,784		)	21,504
Total Costs And Expenses	22,492		259,270		78,681			873			(1,784		)	359,532
Earnings Before Income Tax	48,194		54,188		19,376			(873		)	(65,144		)	55,741
Income Tax Expense	3,032		—					—			—			3,032
Net Income (Loss)	45,162		54,188		19,376			(873		)	(65,144		)	52,709
Less: Net Income Attributable to Noncontrolling Interest	—		—		—			—			7,547			7,547
Net Income (Loss) Attributable to CONSOL Energy Shareholders	$	45,162	$	54,188	$	19,376		$	(873	)	$	(72,691	)	$	45,162

Balance Sheet at June 30, 2018 (unaudited):



	Parent Issuer			Guarantor		CCR Non-Guarantor		Non-Guarantor		Elimination			Consolidated
Assets:
Current Assets:
Cash and Cash Equivalents	$	277,413		$	230	$	646	$	—	$	—		$	278,289
Accounts and Notes Receivable:
Trade	—			—		—		87,513		—			87,513
Other Receivables	15,382			15,050		1,514		—		—			31,946
Inventories	—			37,327		11,018		—		—			48,345
Prepaid Expenses	7,152			11,135		3,698		6,214		—			28,199
Total Current Assets	299,947			63,742		16,876		93,727		—			474,292
Property, Plant and Equipment:
Property, Plant and Equipment	—			3,830,609		927,658		—		—			4,758,267
Less-Accumulated Depreciation, Depletion and Amortization	—			2,143,513		505,299		—		—			2,648,812
Total Property, Plant and Equipment-Net	—			1,687,096		422,359		—		—			2,109,455
Other Assets:
Deferred Income Taxes	72,490			—		—		—		—			72,490
Affiliated Credit Facility	137,643			—		—		—		(137,643		)	—
Investment in Affiliates	607,354			—		—		—		(607,354		)	—
Other	39,677			46,081		14,507		—		—			100,265
Total Other Assets	857,164			46,081		14,507		—		(744,997		)	172,755
Total Assets	$	1,157,111		$	1,796,919	$	453,742	$	93,727	$	(744,997	)	$	2,756,502
Liabilities and Equity:
Current Liabilities:
Accounts Payable	$	(3,247	)	$	82,000	$	21,470	$	1,486	$	2,025		$	103,734
Accounts Payable (Recoverable)-Related Parties	(2,291		)	35,314		3,455		87,513		(123,991		)	—
Current Portion of Long-Term Debt	6,771			10,575		3,412		—		—			20,758
Other Accrued Liabilities	96,919			119,355		36,978		—		(2,025		)	251,227
Total Current Liabilities	98,152			247,244		65,315		88,999		(123,991		)	375,719
Long-Term Debt:	697,876			156,492		144,604		—		(137,643		)	861,329
Deferred Credits and Other Liabilities:
Postretirement Benefits Other Than Pensions	—			544,764		—		—		—			544,764
Pneumoconiosis Benefits	—			146,995		4,584		—		—			151,579
Asset Retirement Obligations	—			224,125		9,422		—		—			233,547
Workers’ Compensation	—			61,750		3,452		—		—			65,202
Salary Retirement	44,134			—		—		—		—			44,134
Other	—			18,402		605		—		—			19,007
Total Deferred Credits and Other Liabilities	44,134			996,036		18,063		—		—			1,058,233
Total CONSOL Energy Inc. Stockholders’ Equity	316,949			397,147		225,760		4,728		(627,635		)	316,949
Noncontrolling Interest	—			—		—		—		144,272			144,272
Total Liabilities and Equity	$	1,157,111		$	1,796,919	$	453,742	$	93,727	$	(744,997	)	$	2,756,502

Income Statement for the Three Months Ended June 30, 2017 (unaudited):



	Parent Issuer		Guarantor		CCR Non-Guarantor		Non-Guarantor			Elimination			Consolidated
Revenues and Other Income:
Coal Revenue	$	—	$	227,780	$	75,927	$	—		$	—		$	303,707
Terminal Revenue	—		14,855		—		—			—			14,855
Freight Revenue	—		13,321		4,441		—			—			17,762
Miscellaneous Other Income	57,742		4,469		701		—			(52,767		)	10,145
Gain on Sale of Assets			4,179		1,403		—			—			5,582
Total Revenue and Other Income	57,742		264,604		82,472		—			(52,767		)	352,051
Costs and Expenses:
Operating and Other Costs	—		172,575		50,232		74,412			(74,337		)	222,882
Depreciation, Depletion and Amortization	—		14,991		10,277		—			—			25,268
Freight Expense	—		13,321		4,441		—			—			17,762
Selling, General and Administrative Costs	—		16,686		3,652		—			—			20,338
Interest Expense	198		1,350		2,396		—			—			3,944
Total Costs And Expenses	198		218,923		70,998		74,412			(74,337		)	290,194
Earnings Before Income Tax	57,544		45,681		11,474		(74,412		)	21,570			61,857
Income Tax Expense	9,611						—			—			9,611
Net Income (Loss)	47,933		45,681		11,474		(74,412		)	21,570			52,246
Less: Net Income Attributable to Noncontrolling Interest	—		—		—		—			4,313			4,313
Net Income (Loss) Attributable to CONSOL Energy Shareholders	$	47,933	$	45,681	$	11,474	$	(74,412	)	$	17,257		$	47,933

Balance Sheet at December 31, 2017:



	Parent Issuer			Guarantor		CCR Non-Guarantor		Non-Guarantor			Elimination			Consolidated
Assets:
Current Assets:
Cash and Cash Equivalents	$	152,235		$	105	$	1,533	$	106		$	—		$	153,979
Accounts and Notes Receivable:
Trade	—			—		—		131,545			—			131,545
Other Receivables	17,702			16,880		1,970		—			—			36,552
Inventories	—			41,117		12,303		—			—			53,420
Prepaid Expenses	5,745			13,568		4,428		3			—			23,744
Total Current Assets	175,682			71,670		20,234		131,654			—			399,240
Property, Plant and Equipment:
Property, Plant and Equipment	—			3,765,885		910,468		—			—			4,676,353
Less-Accumulated Depreciation, Depletion and Amortization	—			2,070,646		483,410		—			—			2,554,056
Total Property, Plant and Equipment-Net	—			1,695,239		427,058		—			—			2,122,297
Other Assets:
Deferred Income Taxes	75,065			—		—		—			—			75,065
Affiliated Credit Facility	165,110			—		—		—			(165,110		)	—
Investment in Affiliates	645,157			—		—		—			(645,157		)	—
Other	44,177			50,846		15,474		—			—			110,497
Total Other Assets	929,509			50,846		15,474		—			(810,267		)	185,562
Total Assets	$	1,105,191		$	1,817,755	$	462,766	$	131,654		$	(810,267	)	$	2,707,099
Liabilities and Equity:
Current Liabilities:
Accounts Payable	$	20,014		$	66,271	$	22,789	$	8		$	18		$	109,100
Accounts Payable (Recoverable)-Related Parties	(2,291		)	36,221		—		129,139			(163,069		)	—
Current Portion of Long-Term Debt	—			22,405		77		—			—			22,482
Other Accrued Liabilities	101,994			149,425		44,102		(20		)	(4,874		)	290,627
Total Current Liabilities	119,717			274,322		66,968		129,127			(167,925		)	422,209
Long-Term Debt:	728,254			135,390		165,183		1,572			(165,110		)	865,289
Deferred Credits and Other Liabilities:
Postretirement Benefits Other Than Pensions	—			554,099		—		—			—			554,099
Pneumoconiosis Benefits	—			146,035		3,833		—			—			149,868
Asset Retirement Obligations	—			218,728		9,615		—			—			228,343
Workers’ Compensation	—			63,244		3,404		—			—			66,648
Salary Retirement	52,960			—		—		—			—			52,960
Other	—			23,435		607		—			—			24,042
Total Deferred Credits and Other Liabilities	52,960			1,005,541		17,459		—			—			1,075,960
Total CONSOL Energy Inc. Stockholders’ Equity	204,260			402,502		213,156		955			(616,613		)	204,260
Noncontrolling Interest	—			—		—		—			139,381			139,381
Total Liabilities and Equity	$	1,105,191		$	1,817,755	$	462,766	$	131,654		$	(810,267	)	$	2,707,099

Income Statement for the Six Months Ended June 30, 2018 (unaudited):



	Parent Issuer			Guarantor			CCR Non-Guarantor			Non-Guarantor				Elimination				Consolidated
Revenues and Other Income:
Coal Revenue	$	—		$	541,280		$	180,426		$	—			$	—			721,706
Terminal Revenue	—			31,880			—			—				—				31,880
Freight Revenue	—			26,498			8,833			—				—				35,331
Miscellaneous Other Income	160,990			16,601			3,237			—				(144,572		)		36,256
Gain on Sale of Assets	—			296			62			—				—				358
Total Revenue and Other Income	160,990			616,555			192,558			—				(144,572		)		825,531
Costs and Expenses:
Operating and Other Costs	—			366,843			109,586			1,568				—				477,997
Depreciation, Depletion and Amortization	—			81,722			22,710			—				—				104,432
Freight Expense	—			26,498			8,833			—				—				35,331
Selling, General and Administrative Costs	—			22,828			6,361			—				—				29,189
Loss on Debt Extinguishment	3,149			—			—			—				—				3,149
Interest Expense	41,054			1,495			3,735			—				(3,735		)		42,549
Total Costs And Expenses	44,203			499,386			151,225			1,568				(3,735		)		692,647
Earnings Before Income Tax	116,787			117,169			41,333			(1,568		)		(140,837		)		132,884
Income Tax Expense	9,217		—	—		—	—		—	—			—	—			—	9,217
Net Income (Loss)	107,570			117,169			41,333			(1,568		)		(140,837		)		123,667
Less: Net Income Attributable to Noncontrolling Interest	—		—	—		—	—		—	—			—	16,097			—	16,097
Net Income (Loss) Attributable to CONSOL Energy Shareholders	$	107,570		$	117,169		$	41,333		$	(1,568	)		$	(156,934	)		$	107,570

Income Statement for the Six Months Ended June 30, 2017 (unaudited):



	Parent Issuer		Guarantor		CCR Non-Guarantor		Non-Guarantor			Elimination			Consolidated
Revenues and Other Income:
Coal Revenue	$	—	$	465,116	$	155,039	$	—		$	—		620,155
Terminal Revenue	—		27,742		—		—			—			27,742
Freight Revenue	—		22,534		7,511		—			—			30,045
Miscellaneous Other Income	108,339		10,962		1,802		—			(88,309		)	32,794
Gain on Sale of Assets			12,136		1,400		—			—			13,536
Total Revenue and Other Income	108,339		538,490		165,752		—			(88,309		)	724,272
Costs and Expenses:
Operating and Other Costs	—		352,686		100,115		74,412			(74,337		)	452,876
Depreciation, Depletion and Amortization	—		57,463		20,798		—			—			78,261
Freight Expense	—		22,534		7,511		—			—			30,045
Selling, General and Administrative Costs	—		30,482		6,935		—			—			37,417
Interest Expense	409		2,704		4,853		—			—			7,966
Total Costs And Expenses	409		465,869		140,212		74,412			(74,337		)	606,565
Earnings Before Income Tax	107,930		72,621		25,540		(74,412		)	(13,972		)	117,707
Income Tax Expense	19,017						—			—			19,017
Net Income (Loss)	88,913		72,621		25,540		(74,412		)	(13,972		)	98,690
Less: Net Income Attributable to Noncontrolling Interest	—		—		—		—			9,777			9,777
Net Income (Loss) Attributable to CONSOL Energy Shareholders	$	88,913	$	72,621	$	25,540	$	(74,412	)	$	(23,749	)	$	88,913

Condensed Statement of Cash Flows for the Six Months Ended June 30, 2018 (unaudited):



	Parent Issuer			Guarantor			CCR Non-Guarantor			Non-Guarantor		Elimination			Consolidated
Net Cash Provided by (Used in) Operating Activities	$	(1,344	)	$	201,323		$	78,213		$	—	$	—		$	278,192
Cash Flows from Investing Activities:
Capital Expenditures	—			(44,020		)	(12,179		)	—		—			(56,199		)
Proceeds From Sales of Assets	—			1,064			165			—		—			1,229
(Investments in), net of Distributions from, Subsidiaries	21,478			(3,959		)	—			—		(17,519		)	—
Net Cash (Used in) Provided by Investing Activities	21,478			(46,915		)	(12,014		)	—		(17,519		)	(54,970		)
Cash Flows from Financing Activities:
Payments on Capitalized Lease Obligations	—			(5,186		)	(1,411		)	—		—			(6,597		)
Affiliated Credit Facility	36,083			—			(36,083		)	—		—			—
Payments on Term Loan A	(26,250		)	—			—			—		—			(26,250		)
Payments on Term Loan B	(2,000		)	—			—			—		—			(2,000		)
Buyback of Second Lien Notes	(20,524		)	—			—			—		—			(20,524		)
Distributions to Noncontrolling Interest	—			—			(28,693		)	—		17,519			(11,174		)
Shares/Units Withheld for Taxes	—			(1,972		)	(899		)	—		—			(2,871		)
Intercompany Contributions/(Distributions)	—			—			—			—		—			—
Spin Distribution to CNX Resources				(18,234		)	—			—		—			(18,234		)
Repurchases of Common Stock	(3,281		)	—			—			—		—			(3,281		)
Debt-Related Financing Fees	(1,767		)	—			—			—		—			(1,767		)
Net Cash (Used in) Provided by Financing Activities	$	(17,739	)	$	(25,392	)	$	(67,086	)	$	—	$	17,519		$	(92,698	)

Condensed Statement of Cash Flows for the Six Months Ended June 30, 2017 (unaudited):



	Parent Issuer			Guarantor			CCR Non-Guarantor			Non-Guarantor		Elimination			Consolidated
Net Cash Provided by (Used in) Operating Activities	$	(60,001	)	$	123,274		$	40,754		$	—	$	—		$	104,027
Cash Flows from Investing Activities:
Capital Expenditures	—			(17,757		)	(5,472		)	—		—			(23,229		)
Proceeds From Sales of Assets	—			15,485			1,500			—		—			16,985
(Investments in), net of Distributions from, Subsidiaries	28,661			(11,496		)	—			—		(17,165		)	—
Net Cash (Used in) Provided by Investing Activities	28,661			(13,768		)	(3,972		)	—		(17,165		)	(6,244		)
Cash Flows from Financing Activities:
Payments on Capitalized Lease Obligations	—			(1,938		)	(52		)	—		—			(1,990		)
Net (Payments on) Proceeds from Revolver - MLP	—			—			(11,000		)	—		—			(11,000		)
Distributions to Noncontrolling Interest	—			—			(28,100		)	—		17,165			(10,935		)
Shares/Units Withheld for Taxes	—			(1		)	(807		)	—		—			(808		)
Intercompany Contributions/(Distributions)	79,622			(79,622		)	—			—		—			—
Other Parent Net Distributions	(79,622		)	—			—			—		—			(79,622		)
Debt Issuance and Financing Fees	—			—			—			—		—			—
Net Cash (Used in) Provided by Financing Activities	$	—		$	(81,561	)	$	(39,959	)	$	—	$	17,165		$	(104,355	)

Statement of Comprehensive Income for the Three Months Ended June 30, 2018 (unaudited):



	Parent Issuer		Guarantor		CCR Non-Guarantor			Non- Guarantor			Elimination			Consolidated
Net (Loss) Income	$	45,162	$	54,188	$	19,376		$	(873	)	$	(65,144	)	$	52,709
Other Comprehensive (Loss) Income:
Net Actuarial Loss (Gain)	4,184		—		(2		)	—			—			4,182
Other Comprehensive (Loss) Income:	4,184		—		(2		)	—			—			4,182
Comprehensive (Loss) Income	49,346		54,188		19,374			(873		)	(65,144		)	56,891
Less: Comprehensive Income Attributable to Noncontrolling Interest	—		—		—			—			7,550			7,550
Comprehensive (Loss) Income Attributable to CONSOL Energy Inc. Shareholders	$	49,346	$	54,188	$	19,374		$	(873	)	$	(72,694	)	$	49,341

Statement of Comprehensive Income for the Three Months Ended June 30, 2017 (unaudited):



	Parent Issuer		Guarantor		CCR Non-Guarantor		Non- Guarantor			Elimination		Consolidated
Net (Loss) Income	$	47,933	$	45,681	$	11,474	$	(74,412	)	$	21,570	$	52,246
Other Comprehensive (Loss) Income:
Net Actuarial Loss (Gain)	3,155		—		—		—			—		3,155
Other Comprehensive (Loss) Income:	3,155		—		—		—			—		3,155
Comprehensive (Loss) Income	51,088		45,681		11,474		(74,412		)	21,570		55,401
Less: Comprehensive Income Attributable to Noncontrolling Interest	—		—		—		—			4,302		4,302
Comprehensive (Loss) Income Attributable to CONSOL Energy Inc. Shareholders	$	51,088	$	45,681	$	11,474	$	(74,412	)	$	17,268	$	51,099

Statement of Comprehensive Income for the Six Months Ended June 30, 2018 (unaudited):



	Parent Issuer		Guarantor		CCR Non-Guarantor			Non- Guarantor			Elimination			Consolidated
Net (Loss) Income	$	107,570	$	117,169	$	41,333		$	(1,568	)	$	(140,837	)	$	123,667
Other Comprehensive (Loss) Income:
Net Actuarial Loss (Gain)	8,183		—		(4		)	—			—			8,179
Other Comprehensive (Loss) Income:	8,183		—		(4		)	—			—			8,179
Comprehensive (Loss) Income	115,753		117,169		41,329			(1,568		)	(140,837		)	131,846
Less: Comprehensive Income Attributable to Noncontrolling Interest	—		—		—			—			16,098			16,098
Comprehensive (Loss) Income Attributable to CONSOL Energy Inc. Shareholders	$	115,753	$	117,169	$	41,329		$	(1,568	)	$	(156,935	)	$	115,748

Statement of Comprehensive Income for the Six Months Ended June 30, 2017 (unaudited):



	Parent Issuer		Guarantor		CCR Non-Guarantor			Non- Guarantor			Elimination			Consolidated
Net (Loss) Income	$	88,913	$	72,621	$	25,540		$	(74,412	)	$	(13,972	)	$	98,690
Other Comprehensive (Loss) Income:
Net Actuarial Loss (Gain)	6,569		—		(1,366		)	—			1,366			6,569
Other Comprehensive (Loss) Income:	6,569		—		(1,366		)	—			1,366			6,569
Comprehensive (Loss) Income	95,482		72,621		24,174			(74,412		)	(12,606		)	105,259
Less: Comprehensive Income Attributable to Noncontrolling Interest	—		—		—			—			9,754			9,754
Comprehensive (Loss) Income Attributable to CONSOL Energy Inc. Shareholders	$	95,482	$	72,621	$	24,174		$	(74,412	)	$	(22,360	)	$	95,505