SEGMENT INFORMATION:

CONSOL Energy Inc. consists of one reportable segment: Pennsylvania Mining Complex. The principal activities of 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 PAMC.

CONSOL Energy Inc.’s Other segment includes revenue and expenses from various corporate and diversified business activities that are not allocated to PAMC. 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 are individually significant to the Company.

Industry segment results for the three months ended September 30, 2018 are:



	PAMC		Other			Adjustments and Eliminations		Consolidated
Coal Revenue	$	294,797	$	—		$	—	$	294,797	(A)
Terminal Revenue	—		16,115			—		16,115
Freight Revenue	2,443		—			—		2,443
Total Revenue and Freight	$	297,240	$	16,115		$	—	$	313,355
Earnings (Loss) Before Income Tax	$	37,962	$	(29,568	)	$	—	$	8,394
Segment Assets	$	1,891,606	$	854,322		$	—	$	2,745,928
Depreciation, Depletion and Amortization	$	44,236	$	7,006		$	—	$	51,242
Capital Expenditures	$	32,309	$	8,347		$	—	$	40,656

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



	PAMC		Other			Adjustments and Eliminations		Consolidated
Coal Revenue	$	279,245	$	—		$	—	$	279,245	(A)
Terminal Revenue	—		15,065			—		15,065
Freight Revenue	21,803		—			—		21,803
Total Revenue 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

Industry segment results for the nine months ended September 30, 2018 are:



	PAMC		Other			Adjustments and Eliminations		Consolidated
Coal Revenue	$	1,016,503	$	—		$	—	$	1,016,503	(A)
Terminal Revenue	—		47,995			—		47,995
Freight Revenue	37,774		—			—		37,774
Total Revenue and Freight	$	1,054,277	$	47,995		$	—	$	1,102,272
Earnings (Loss) Before Income Tax	$	220,862	$	(79,584	)	$	—	$	141,278
Segment Assets	$	1,891,606	$	854,322		$	—	$	2,745,928
Depreciation, Depletion and Amortization	$	135,074	$	20,600		$	—	$	155,674
Capital Expenditures	$	81,025	$	15,830		$	—	$	96,855

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



	PAMC		Other			Adjustments and Eliminations		Consolidated
Coal Revenue	$	899,400	$	—		$	—	$	899,400	(A)
Terminal Revenue	—		42,806			—		42,806
Freight Revenue	51,847		—			—		51,847
Total Revenue 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


(A)	For the three and nine months ended September 30, 2018 and 2017, the PAMC segment had revenues from the following customers, each comprising over 10% of the Company’s total sales:



	Three Months Ended September 30,			Nine Months Ended September 30,
	2018		2017	2018		2017
Customer A	$	46,727	*	$	209,968	*
Customer B	84,110		*	181,236		114,451
Customer C	59,364		70,159	169,052		177,948

* Revenues from these customers during the periods presented were less than 10% of the Company’s total sales.

Reconciliation of Segment Information to Consolidated Amounts:

Total Assets:



	September 30,
	2018		2017
Segment assets for total reportable business segments	$	1,891,606	$	1,912,656
Segment assets for all other business segments	506,825		400,362
Items excluded from segment assets:
Cash and other investments	275,377		86,131
Deferred tax assets	72,120		189,380
Total Consolidated Assets	$	2,745,928	$	2,588,529