SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2018

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS:

On July 25, 2018, the Board of Directors of CCR's general partner declared a cash distribution to the Partnership's unitholders for the quarter ended June 30, 2018 of $0.5125 per common and subordinated unit. The cash distribution will be paid on August 15, 2018 to the unitholders of record at the close of business on August 8, 2018.

In July 2018, CONSOL Energy Inc.'s Board of Directors approved an expansion of the stock and debt repurchase program. The program allows the Company to repurchase, from time to time, outstanding shares of its common stock or its 11.00% Senior Secured Second Lien Notes due 2025, subject to limitations under the current credit agreement and the TMA. The program also allows the Company to purchase CONSOL Coal Resources LP units in the open market, subject to limitations under the Affiliated Company Credit Agreement with the Partnership of up to $25 million. 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 $100 million through the period ending June 30, 2019. The program's available capacity as of July 31, 2018 is $74,383.