SEGMENT INFORMATION:

CONSOL Energy Inc. consists of one principal business division: Pennsylvania Mining Complex (PAMC). The principal activities of the PAMC division 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 division.

CONSOL Energy Inc.’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 coal terminal operations, closed and idle mine activities, selling, general and administrative activities, as well as various other non-operated activities, none of which were individually significant to the ParentCo Coal Business of as September 30, 2017.

Industry segment results for the three months ended September 30, 2017 are:



	PAMC		Other			Adjustments and Eliminations		Combined
Coal Sales	$	279,245	$	—		$	—	$	279,245	(A)
Other Outside Sales	—		15,065			—		15,065
Freight Revenue	21,803		—			—		21,803
Total Sales and Freight	$	301,048	$	15,065		$	—	$	316,113
Earnings (Loss) Before Income Tax	$	21,011	$	(8,723	)	$	—	$	12,288
Segment Assets	$	1,912,656	$	675,873		$	—	$	2,588,529
Depreciation, Depletion and Amortization	$	41,638	$	5,015		$	—	$	46,653
Capital Expenditures	$	27,157	$	624		$	—	$	27,781


(A)	Included in the PAMC segment are sales of $70,159 to Duke Energy, which comprises over 10% of sales.

Industry segment results for the three months ended September 30, 2016 are:



	PAMC		Other			Adjustments and Eliminations		Combined
Coal Sales	$	267,685	$	—		$	—	$	267,685	(B)
Other Outside Sales	—		4,549			—		4,549
Freight Revenue	9,392		—			—		9,392
Total Sales and Freight	$	277,077	$	4,549		$	—	$	281,626
Earnings (Loss) Before Income Tax	$	34,741	$	(30,056	)	$	—	$	4,685
Segment Assets	$	2,007,767	$	761,790		$	—	$	2,769,557
Depreciation, Depletion and Amortization	$	42,370	$	7,480		$	—	$	49,850
Capital Expenditures	$	12,292	$	3,163		$	—	$	15,455


(B)	Included in the PAMC segment are sales of $47,939 to Duke Energy and sales of $32,431 to GenOn Energy Management, LLC, each comprising over 10% of sales.

Industry segment results for the nine months ended September 30, 2017 are:



	PAMC		Other			Adjustments and Eliminations		Combined
Coal Sales	$	899,400	$	—		$	—	$	899,400	(C)
Other Outside Sales	—		42,806			—		42,806
Freight Revenue	51,847		—			—		51,847
Total Sales and Freight	$	951,247	$	42,806		$	—	$	994,053
Earnings (Loss) Before Income Tax	$	131,670	$	(1,674	)	$	—	$	129,996
Segment Assets	$	1,912,656	$	675,873		$	—	$	2,588,529
Depreciation, Depletion and Amortization	$	125,341	$	(427	)	$	—	$	124,914
Capital Expenditures	$	49,045	$	1,965		$	—	$	51,010


(C)	Included in the PAMC segment are sales of $177,948 to Duke Energy and sales of $114,451 to Xcoal Energy Resources, each comprising over 10% of sales.

Industry segment results for the nine months ended September 30, 2016 are:



	PAMC		Other			Adjustments and Eliminations		Combined
Coal Sales	$	744,411	$	—		$	—	$	744,411	(D)
Other Outside Sales	—		20,316			—		20,316
Freight Revenue	33,949		—			—		33,949
Total Sales and Freight	$	778,360	$	20,316		$	—	$	798,676
Earnings (Loss) Before Income Tax	$	80,588	$	(53,311	)	$	—	$	27,277
Segment Assets	$	2,007,767	$	761,790		$	—	$	2,769,557
Depreciation, Depletion and Amortization	$	125,334	$	2,492		$	—	$	127,826
Capital Expenditures	$	38,295	$	4,366		$	—	$	42,661


(D)	Included in the PAMC segment are sales of $107,618 to Duke Energy, which comprises over 10% of sales.

Reconciliation of Segment Information to Combined Amounts:

Total Assets:



	September 30,
	2017		2016
Segment assets for total reportable business segments	$	1,912,656	$	2,007,767
Segment assets for all other business segments	400,362		447,575
Items excluded from segment assets:
Cash and other investments	86,131		61,432
Deferred tax assets	189,380		252,783
Total Combined Assets	$	2,588,529	$	2,769,557