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 September 30, 2018 (unaudited):



	Parent Issuer			Guarantor			CCR Non-Guarantor		Non-Guarantor			Elimination			Consolidated
Revenues and Other Income:
Coal Revenue	$	—		$	221,097		$	73,700	$	—		$	—		$	294,797
Terminal Revenue	—			16,115			—		—			—			16,115
Freight Revenue	—			1,832			611		—			—			2,443
Miscellaneous Other Income	25,485			5,292			1,003		—			(20,802		)	10,978
Gain on Sale of Assets	—			(85		)	—		—			—			(85		)
Total Revenue and Other Income	25,485			244,251			75,314		—			(20,802		)	324,248
Costs and Expenses:
Operating and Other Costs	—			172,569			49,540		672			—			222,781
Depreciation, Depletion and Amortization	—			40,183			11,059		—			—			51,242
Freight Expense	—			1,832			611		—			—			2,443
Selling, General and Administrative Costs	—			14,627			3,899		—			—			18,526
Interest Expense	20,441			421			1,560		—			(1,560		)	20,862
Total Costs And Expenses	20,441			229,632			66,669		672			(1,560		)	315,854
Earnings (Loss) Before Income Tax	5,044			14,619			8,645		(672		)	(19,242		)	8,394
Income Tax Expense	(690		)	—					—			—			(690		)
Net Income (Loss)	5,734			14,619			8,645		(672		)	(19,242		)	9,084
Less: Net Income Attributable to Noncontrolling Interest	—			—			—		—			3,350			3,350
Net Income (Loss) Attributable to CONSOL Energy Shareholders	$	5,734		$	14,619		$	8,645	$	(672	)	$	(22,592	)	$	5,734

Balance Sheet at September 30, 2018 (unaudited):



	Parent Issuer			Guarantor		CCR Non-Guarantor		Non-Guarantor		Elimination			Consolidated
Assets:
Current Assets:
Cash and Cash Equivalents	$	249,287		$	245	$	920	$	—	$	—		$	250,452
Accounts and Notes Receivable:
Trade	—			—		—		78,649		—			78,649
Other Receivables	16,917			11,964		327		—		—			29,208
Inventories	—			40,445		12,025		—		—			52,470
Prepaid Expenses	7,840			18,285		6,136		25,862		—			58,123
Total Current Assets	274,044			70,939		19,408		104,511		—			468,902
Property, Plant and Equipment:
Property, Plant and Equipment	—			3,860,242		935,899		—		—			4,796,141
Less-Accumulated Depreciation, Depletion and Amortization	—			2,176,357		516,093		—		—			2,692,450
Total Property, Plant and Equipment-Net	—			1,683,885		419,806		—		—			2,103,691
Other Assets:
Deferred Income Taxes	72,120			—		—		—		—			72,120
Affiliated Credit Facility	147,277			—		—		—		(147,277		)	—
Investment in Affiliates	640,187			—		—		—		(640,187		)	—
Other	39,011			47,261		14,943		—		—			101,215
Total Other Assets	898,595			47,261		14,943		—		(787,464		)	173,335
Total Assets	$	1,172,639		$	1,802,085	$	454,157	$	104,511	$	(787,464	)	$	2,745,928
Liabilities and Equity:
Current Liabilities:
Accounts Payable	$	8,709		$	71,169	$	20,656	$	—	$	1,867		$	102,401
Accounts Payable (Recoverable)-Related Parties	(2,291		)	36,220		1,573		87,513		(123,015		)	—
Current Portion of Long-Term Debt	6,796			10,696		3,453		—		—			20,945
Other Accrued Liabilities	101,272			114,392		35,961		—		(1,867		)	249,758
Total Current Liabilities	114,486			232,477		61,643		87,513		(123,015		)	373,104
Long-Term Debt:	697,298			153,708		153,282		—		(147,277		)	857,011
Deferred Credits and Other Liabilities:
Postretirement Benefits Other Than Pensions	—			541,373		—		—		—			541,373
Pneumoconiosis Benefits	—			146,729		4,947		—		—			151,676
Asset Retirement Obligations	—			226,586		9,605		—		—			236,191
Workers’ Compensation	—			61,816		3,530		—		—			65,346
Salary Retirement	39,921			—		—		—		—			39,921
Other	—			18,240		605		—		—			18,845
Total Deferred Credits and Other Liabilities	39,921			994,744		18,687		—		—			1,053,352
Total CONSOL Energy Inc. Stockholders’ Equity	320,934			421,156		220,545		16,998		(658,699		)	320,934
Noncontrolling Interest	—			—		—		—		141,527			141,527
Total Liabilities and Equity	$	1,172,639		$	1,802,085	$	454,157	$	104,511	$	(787,464	)	$	2,745,928

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



	Parent Issuer		Guarantor			CCR Non-Guarantor		Non-Guarantor			Elimination			Consolidated
Revenues and Other Income:
Coal Revenue	$	—	$	209,434		$	69,811	$	—		$	—		$	279,245
Terminal Revenue	—		15,065			—		—			—			15,065
Freight Revenue	—		16,352			5,451		—			—			21,803
Miscellaneous Other Income	11,682		11,903			2,996		—			(6,868		)	19,713
(Loss) Gain on Sale of Assets	—		(519		)	6		—			—			(513		)
Total Revenue and Other Income	11,682		252,235			78,264		—			(6,868		)	335,313
Costs and Expenses:
Operating and Other Costs	—		177,354			52,160		(74,324		)	74,337			229,527
Depreciation, Depletion and Amortization	—		36,301			10,352		—			—			46,653
Freight Expense	—		16,352			5,451		—			—			21,803
Selling, General and Administrative Costs	—		16,897			4,283		—			—			21,180
Interest Expense	184		1,274			2,404		—			—			3,862
Total Costs And Expenses	184		248,178			74,650		(74,324		)	74,337			323,025
Earnings Before Income Tax	11,498		4,057			3,614		74,324			(81,205		)	12,288
Income Tax Expense	3,770		—			—		—			—			3,770
Net Income (Loss)	7,728		4,057			3,614		74,324			(81,205		)	8,518
Less: Net Income Attributable to Noncontrolling Interest	—		—			—		—			790			790
Net Income (Loss) Attributable to CONSOL Energy Shareholders	$	7,728	$	4,057		$	3,614	$	74,324		$	(81,995	)	$	7,728

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 Nine Months Ended September 30, 2018 (unaudited):



	Parent Issuer		Guarantor		CCR Non-Guarantor		Non-Guarantor			Elimination			Consolidated
Revenues and Other Income:
Coal Revenue	$	—	$	762,377	$	254,126	$	—		$	—		$	1,016,503
Terminal Revenue	—		47,995		—		—			—			47,995
Freight Revenue	—		28,330		9,444		—			—			37,774
Miscellaneous Other Income	186,475		21,893		4,240		—			(165,374		)	47,234
Gain on Sale of Assets	—		211		62		—			—			273
Total Revenue and Other Income	186,475		860,806		267,872		—			(165,374		)	1,149,779
Costs and Expenses:
Operating and Other Costs	—		539,412		159,126		2,240			—			700,778
Depreciation, Depletion and Amortization	—		121,905		33,769		—			—			155,674
Freight Expense	—		28,330		9,444		—			—			37,774
Selling, General and Administrative Costs	—		37,455		10,260		—			—			47,715
Loss on Debt Extinguishment	3,149		—		—		—			—			3,149
Interest Expense	61,495		1,916		5,295		—			(5,295		)	63,411
Total Costs And Expenses	64,644		729,018		217,894		2,240			(5,295		)	1,008,501
Earnings (Loss) Before Income Tax	121,831		131,788		49,978		(2,240		)	(160,079		)	141,278
Income Tax Expense	8,527		—		—		—			—			8,527
Net Income (Loss)	113,304		131,788		49,978		(2,240		)	(160,079		)	132,751
Less: Net Income Attributable to Noncontrolling Interest	—		—		—		—			19,447			19,447
Net Income (Loss) Attributable to CONSOL Energy Shareholders	$	113,304	$	131,788	$	49,978	$	(2,240	)	$	(179,526	)	$	113,304

Income Statement for the Nine Months Ended September 30, 2017 (unaudited):



	Parent Issuer		Guarantor		CCR Non-Guarantor		Non-Guarantor			Elimination			Consolidated
Revenues and Other Income:
Coal Revenue	$	—	$	674,550	$	224,850	$	—		$	—		$	899,400
Terminal Revenue	—		42,806		—		—			—			42,806
Freight Revenue	—		38,885		12,962		—			—			51,847
Miscellaneous Other Income	120,022		22,865		4,798		—			(95,177		)	52,508
Gain on Sale of Assets	—		11,618		1,406		—			—			13,024
Total Revenue and Other Income	120,022		790,724		244,016		—			(95,177		)	1,059,585
Costs and Expenses:
Operating and Other Costs	—		530,040		152,275		88			—			682,403
Depreciation, Depletion and Amortization	—		93,764		31,150		—			—			124,914
Freight Expense	—		38,885		12,962		—			—			51,847
Selling, General and Administrative Costs	—		47,379		11,218		—			—			58,597
Interest Expense	593		3,978		7,257		—			—			11,828
Total Costs And Expenses	593		714,046		214,862		88			—			929,589
Earnings (Loss) Before Income Tax	119,429		76,678		29,154		(88		)	(95,177		)	129,996
Income Tax Expense	22,787						—			—			22,787
Net Income (Loss)	96,642		76,678		29,154		(88		)	(95,177		)	107,209
Less: Net Income Attributable to Noncontrolling Interest	—		—		—		—			10,567			10,567
Net Income (Loss) Attributable to CONSOL Energy Shareholders	$	96,642	$	76,678	$	29,154	$	(88	)	$	(105,744	)	$	96,642

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



	Parent Issuer			Guarantor			CCR Non-Guarantor			Non-Guarantor		Elimination			Consolidated
Net Cash Provided by (Used in) Operating Activities	$	(45,278	)	$	280,396		$	95,134		$	—	$	—		$	330,252
Cash Flows from Investing Activities:
Capital Expenditures	—			(76,599		)	(20,256		)	—		—			(96,855		)
Proceeds From Sales of Assets	—			1,198			170			—		—			1,368
(Investments in), net of Distributions from, Subsidiaries	30,237			(3,959		)	—			—		(26,278		)	—
Net Cash (Used in) Provided by Investing Activities	30,237			(79,360		)	(20,086		)	—		(26,278		)	(95,487		)
Cash Flows from Financing Activities:
Payments on Capitalized Lease Obligations	—			(8,894		)	(2,125		)	—		—			(11,019		)
Affiliated Credit Facility	29,583			—			(29,583		)	—		—			—
Payments on Term Loan A	(26,250		)	—			—			—		—			(26,250		)
Payments on Term Loan B	(3,000		)	—			—			—		—			(3,000		)
Buyback of Second Lien Notes	(20,524		)	—			—			—		—			(20,524		)
Distributions to Noncontrolling Interest	—			—			(43,041		)	—		26,278			(16,763		)
Shares/Units Withheld for Taxes	—			(2,011		)	(912		)	—		—			(2,923		)
Spin Distribution to CNX Resources				(18,234		)	—			—		—			(18,234		)
Repurchases of Common Stock	(9,724		)	—			—			—		—			(9,724		)
Purchases of CCR Units	(1,142		)	—			—			—		—			(1,142		)
Debt-Related Financing Fees	(2,851		)	—			—			—		—			(2,851		)
Net Cash (Used in) Provided by Financing Activities	$	(33,908	)	$	(29,139	)	$	(75,661	)	$	—	$	26,278		$	(112,430	)

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



	Parent Issuer			Guarantor			CCR Non-Guarantor			Non-Guarantor		Elimination			Consolidated
Net Cash Provided by (Used in) Operating Activities	$	(89,602	)	$	200,470		$	60,783		$	—	$	—		$	171,651
Cash Flows from Investing Activities:
Capital Expenditures	—			(38,749		)	(12,261		)	—		—			(51,010		)
Proceeds From Sales of Assets	—			16,421			1,500			—		—			17,921
(Investments in), net of Distributions from, Subsidiaries	37,243			(11,496		)	—			—		(25,747		)	—
Net Cash (Used in) Provided by Investing Activities	37,243			(33,824		)	(10,761		)	—		(25,747		)	(33,089		)
Cash Flows from Financing Activities:
Payments on Capitalized Lease Obligations	—			(2,846		)	(74		)	—		—			(2,920		)
Net (Payments on) Proceeds from Revolver - MLP	—			—			(13,000		)	—		—			(13,000		)
Distributions to Noncontrolling Interest	—			—			(42,150		)	—		25,747			(16,403		)
Shares/Units Withheld for Taxes	—			—			(1,009		)	—		—			(1,009		)
Intercompany Contributions/(Distributions)	114,844			(114,844		)	—			—		—			—
Other Parent Net Distributions	(114,844		)	—			—			—		—			(114,844		)
Net Cash (Used in) Provided by Financing Activities	$	—		$	(117,690	)	$	(56,233	)	$	—	$	25,747		$	(148,176	)

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



	Parent Issuer		Guarantor		CCR Non-Guarantor			Non- Guarantor			Elimination			Consolidated
Net Income (Loss)	$	5,734	$	14,619	$	8,645		$	(672	)	$	(19,242	)	$	9,084
Other Comprehensive Income (Loss):
Net Actuarial Gain (Loss)	4,177		—		(2		)	—			2			4,177
Other Comprehensive Income (Loss):	4,177		—		(2		)	—			2			4,177
Comprehensive Income (Loss)	9,911		14,619		8,643			(672		)	(19,240		)	13,261
Less: Comprehensive Income Attributable to Noncontrolling Interest	—		—		—			—			3,346			3,346
Comprehensive Income (Loss) Attributable to CONSOL Energy Inc. Shareholders	$	9,911	$	14,619	$	8,643		$	(672	)	$	(22,586	)	$	9,915

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



	Parent Issuer		Guarantor		CCR Non-Guarantor			Non- Guarantor		Elimination			Consolidated
Net Income (Loss)	$	7,728	$	4,057	$	3,614		$	74,324	$	(81,205	)	$	8,518
Other Comprehensive Income (Loss):
Net Actuarial Gain (Loss)	3,285		—		(39		)	—		39			3,285
Other Comprehensive Income (Loss):	3,285		—		(39		)	—		39			3,285
Comprehensive Income (Loss)	11,013		4,057		3,575			74,324		(81,166		)	11,803
Less: Comprehensive Income Attributable to Noncontrolling Interest	—		—		—			—		779			779
Comprehensive Income (Loss) Attributable to CONSOL Energy Inc. Shareholders	$	11,013	$	4,057	$	3,575		$	74,324	$	(81,945	)	$	11,024

Statement of Comprehensive Income for the Nine Months Ended September 30, 2018 (unaudited):



	Parent Issuer		Guarantor		CCR Non-Guarantor			Non- Guarantor			Elimination			Consolidated
Net Income (Loss)	$	113,304	$	131,788	$	49,978		$	(2,240	)	$	(160,079	)	$	132,751
Other Comprehensive Income (Loss):
Net Actuarial Gain (Loss)	12,356		—		(6		)	—			6			12,356
Other Comprehensive Income (Loss):	12,356		—		(6		)	—			6			12,356
Comprehensive Income (Loss)	125,660		131,788		49,972			(2,240		)	(160,073		)	145,107
Less: Comprehensive Income Attributable to Noncontrolling Interest	—		—		—			—			19,444			19,444
Comprehensive Income (Loss) Attributable to CONSOL Energy Inc. Shareholders	$	125,660	$	131,788	$	49,972		$	(2,240	)	$	(179,517	)	$	125,663

Statement of Comprehensive Income for the Nine Months Ended September 30, 2017 (unaudited):



	Parent Issuer		Guarantor		CCR Non-Guarantor			Non- Guarantor			Elimination			Consolidated
Net Income (Loss)	$	96,642	$	76,678	$	29,154		$	(88	)	$	(95,177	)	$	107,209
Other Comprehensive Income (Loss):
Net Actuarial Gain (Loss)	9,855		—		(118		)	—			118			9,855
Other Comprehensive Income (Loss):	9,855		—		(118		)	—			118			9,855
Comprehensive Income (Loss)	106,497		76,678		29,036			(88		)	(95,059		)	117,064
Less: Comprehensive Income Attributable to Noncontrolling Interest	—		—		—			—			10,533			10,533
Comprehensive Income (Loss) Attributable to CONSOL Energy Inc. Shareholders	$	106,497	$	76,678	$	29,036		$	(88	)	$	(105,592	)	$	106,531