CONSOL Energy Inc. (CEIX)

Summary & Back of the Napkin Proforma

Intro

CONSOL Energy, ticker symbol CEIX, is a Northern Appalachian (NAPP) thermal coal producer. CONSOL owns and operates the following primary assets:

• Pennsylvania Mining Complex (PAMC)

• Central Preparation Plant

• CONSOL Marine Terminal

• Itmann Metallurgical Coal Mine (in development)

PAMC includes three mines: Bailey, Enlow Fork and the Harvey Mine. Each mine …