SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2019

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS:

On July 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 August 15, 2019 to the unitholders of record at the close of business on August 8, 2019.

On July 25, 2019, the Board of Directors of CCR's general partner announced that upon payment of the cash distribution with respect to the quarter ended June 30, 2019, the financial requirements for the conversion of all CCR subordinated units will be satisfied. As a result, on August 16, 2019, all 11,611,067 subordinated units, which are owned entirely by CONSOL Energy Inc., will be converted into common units on a one-for-one basis. The conversion will not impact the amount of the cash distribution paid or the total number of CCR's outstanding units representing limited partner interests.

On July 30, 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 $25 million, bringing the total amount of the Company's stock, unit and debt repurchase program to $200 million. The program's available capacity as of August 6, 2019 is $111,959.