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CNX Coal Resources LP, a Delaware limited partnership (“CNX Coal Resources”) formed by CONSOL Energy Inc. (NYSE: CNX) (“CONSOL”), announced today that it has launched its initial public offering of 10,000,000 common units representing limited partner interests.  The common units are expected to trade on the New York Stock Exchange under the ticker symbol “CNXC.”  The underwriters of the offering will have a 30-day option to purchase up to an additional 1,500,000 common units to cover over-allotments, if any.

The common units being offered in the offering represent a 42.2% limited partner interest in CNX Coal Resources (or a 48.5% limited partner interest if the underwriters exercise in full their option to purchase additional common units).  CONSOL will own a 55.8% limited partner interest in CNX Coal Resources (or a 49.5% limited partner interest if the underwriters exercise in full their option to purchase additional common units).  In addition, CONSOL will own, through its ownership of CNX Coal Resources GP LLC, the general partner of CNX Coal Resources, a 2% general partner interest and the incentive distribution rights in CNX Coal Resources.

BofA Merrill Lynch, Wells Fargo Securities, Citigroup, Jefferies, Scotia Howard Weil, Credit Suisse, J.P. Morgan, Evercore ISI, BB&T Capital Markets, Goldman, Sachs & Co., The Huntington Investment Company, Stifel and Nomura are acting as book-running managers of the offering.  Clarksons Platou Securities, Cowen and Company and Tuohy Brothers are acting as co-managers of the offering.  The offering of common units is being made only by means of a written prospectus.  Once it becomes available, potential investors can obtain a written prospectus that meets the requirements of Section 10 of the Securities Act of 1933 from:

BofA Merrill Lynch

222 Broadway

New York, NY 10038

Attn: Prospectus Department


Wells Fargo Securities

c/o Equity Syndicate Department

375 Park Avenue

New York, NY 10152

Toll-Free: 1-800-326-5897


c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, NY 11717

Toll-Free: 1-800-831-9146


Attention: Prospectus Department

520 Madison Avenue, 2nd Floor

New York, NY 10022

Telephone: 1-877-547-6340


Scotia Howard Weil

Attention:  Equity Capital Markets
250 Vesey Street, 24th Floor
New York, New York 10281
Telephone:  (212) 225-6854


Credit Suisse

Attn: Prospectus Department

One Madison Avenue

New York, NY 10010

Telephone: (800) 221-1037


J.P. Morgan Securities LLC

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, New York, 11717

Telephone: (866) 803-9204

Evercore ISI

Attn: Equity Capital Markets,

55 East 52nd Street, 36th Floor, New York, NY 10055,

Telephone: (212) 653-9054


BB&T Capital Markets

Attn: Prospectus Dept

901 East Byrd St, 3rd fl

Richmond, VA  23219



Goldman, Sachs & Co.

Attn: Prospectus Department

200 West Street

New York, NY 10282

Telephone: (866) 471-2526


The Huntington Investment Company

200 Public Square

Cleveland, OH. 44114

Telephone: (216) 515-6328


Stifel, Nicolaus & Company, Incorporated

1 South Street, 15th Floor

Baltimore, Maryland 21202

Telephone: 855-300-7136


Nomura Securities International, Inc.

Equity Syndicate Department 5Th Floor

Worldwide Plaza

309 West 49th Street

New York, New York 10019-7316

Clarksons Platou Securities

410 Park Avenue| Suite 710

New York, NY 10022

(212) 314-0900

Cowen and Company, LLC
c/o Broadridge Financial Solutions, Prospectus Department
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: 631-274-2806

Fax: 631-254-7140

Tuohy Brothers Investment Research
575 Madison Avenue – 10th Floor
New York, NY 10022

A registration statement relating to these securities has been filed with the Securities and Exchange Commission (“SEC”), but has not yet become effective.  These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

When available, to obtain a copy of the prospectus free of charge, visit the SEC’s website,, and search under the registrant’s name, “CNX Coal Resources LP.”

About CNX Coal Resources

CNX Coal Resources is a growth-oriented master limited partnership recently formed by CONSOL to manage and further develop all of CONSOL’s active thermal coal operations in Pennsylvania.  Its initial assets include a 20% undivided interest in, and operational control over, CONSOL’s Pennsylvania mining complex, which consists of three underground mines and related infrastructure.