SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2020

SEGMENT INFORMATION:

CONSOL Energy Inc. consists of one reportable segment: the Pennsylvania Mining Complex, which includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine and the Central Preparation Plant. The principal activities of the PAMC are mining, preparation and marketing of thermal coal, sold primarily to power generators. It also includes selling, general and administrative activities, as well as various other activities assigned to the PAMC.

CONSOL Energy’s Other division includes revenue and expenses from various corporate and diversified business activities that are not allocated to the PAMC division. The diversified business activities include the CONSOL Marine Terminal, development of the Itmann Mine, the Greenfield Reserves, closed and idle mine activities, selling, general and administrative activities, interest expense and income taxes, as well as various other non-operated activities, none of which are individually significant to the Company.

Industry segment results for the three months ended March 31, 2020 are:



	PAMC		Other			Adjustments and Eliminations		Consolidated
Coal Revenue	$	255,452	$	—		$	—	$	255,452	(A)
Terminal Revenue	—		16,501			—		16,501
Freight Revenue	3,147		—			—		3,147
Total Revenue and Freight	$	258,599	$	16,501		$	—	$	275,100
Earnings (Loss) Before Income Tax	$	10,875	$	(6,492	)	$	—	$	4,383
Segment Assets	$	1,949,655	$	703,813		$	—	$	2,653,468
Depreciation, Depletion and Amortization	$	48,418	$	6,525		$	—	$	54,943
Capital Expenditures	$	20,692	$	6,486		$	—	$	27,178

Industry segment results for the three months ended March 31, 2019 are:



	PAMC		Other			Adjustments and Eliminations		Consolidated
Coal Revenue	$	332,502	$	—		$	—	$	332,502	(A)
Terminal Revenue	—		17,818			—		17,818
Freight Revenue	6,662		—			—		6,662
Total Revenue and Freight	$	339,164	$	17,818		$	—	$	356,982
Earnings (Loss) Before Income Tax	$	64,698	$	(45,245	)	$	—	$	19,453
Segment Assets	$	1,992,549	$	774,492		$	—	$	2,767,041
Depreciation, Depletion and Amortization	$	44,868	$	5,856		$	—	$	50,724
Capital Expenditures	$	32,372	$	1,799		$	—	$	34,171


(A)	For the three months ended March 31, 2020 and 2019, the PAMC segment had revenues from the following customers, each comprising over 10% of the Company’s total sales:



	Three Months Ended March 31,
	2020		2019
Customer A	$	38,908	$	61,872
Customer B	$	104,354	$	123,118
Customer C	$	35,683	$	41,866

Reconciliation of Segment Information to Consolidated Amounts:

Total Assets:



	March 31,
	2020		2019
Segment Assets for Total Reportable Business Segments	$	1,949,655	$	1,992,549
Segment Assets for All Other Business Segments	509,657		510,583
Items Excluded from Segment Assets:
Cash and Other Investments	91,731		186,295
Deferred Tax Assets	102,425		77,614
Total Consolidated Assets	$	2,653,468	$	2,767,041