SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2019

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS:

On April 25, 2019, the Board of Directors of CCR's general partner declared a cash distribution of $0.5125 per unit to CCR's limited partner unitholders and the holder of the general partner interest. The cash distribution will be paid on May 15, 2019 to the unitholders of record at the close of business on May 7, 2019.

In May 2019, CONSOL Energy Inc.'s Board of Directors approved an expansion of the stock, unit and debt repurchase program. The aggregate amount of the program's expansion is $75 million, bringing the total amount of the Company's stock, unit and debt repurchase program to $175 million. The Company's Board of Directors also approved extending the termination date of the program, from June 30, 2019 to June 30, 2020. In accordance with the Company's credit facility covenants as of March 31, 2019, CONSOL Energy cannot use more than $50 million for the purchase of CONSOL Coal Resources LP's outstanding common units in the open market. The program's available capacity as of May 8, 2019 is $110,170.