CONSOL Coal Resources LP

CIK:0001637558|SEC Filings
v3.20.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue $ 49,243 $ 76,285 $ 140,171 $ 249,695
Other Income 71 1,096 10,338 3,440
Total Revenue and Other Income 49,314 77,381 150,509 253,135
Operating and Other Costs [1] 33,912 53,998 106,976 164,542
Depreciation, Depletion and Amortization 12,305 11,086 35,753 33,639
Freight Expense 3,227 900 4,785 3,529
Selling, General and Administrative Expenses [2] 2,879 2,840 9,285 10,353
Interest Expense, Net [3] 2,520 1,587 6,929 4,495
Total Costs 54,843 70,411 163,728 216,558
Net (Loss) Income (5,529) 6,970 (13,219) 36,577
Less: General Partner Interest in Net (Loss) Income (93) 118 (222) 617
Limited Partner Interest in Net Income $ (5,436) $ 6,852 $ (12,997) $ 35,960
Net (Loss) Income per Limited Partner Unit - Basic (in dollars per share) $ (0.20) $ 0.25 $ (0.47) $ 1.30
Net Income Per Limited Partner Unit - Diluted (in dollars per share) $ (0.20) $ 0.25 $ (0.47) $ 1.30
Limited Partner Units Outstanding - Basic (in shares) 27,690,251 27,632,770 27,681,867 27,618,396
Limited Partner Units Outstanding - Diluted (in shares) 27,690,251 27,667,477 27,681,867 27,654,684
Cash Distributions Declared per Unit (in dollars per share) [4] $ 0 $ 0.5125 $ 0 $ 1.5375
Coal Revenue [Member]        
Revenue $ 46,016 $ 75,385 $ 135,386 $ 246,166
Freight Revenue [Member]        
Revenue $ 3,227 $ 900 $ 4,785 $ 3,529
[1] Related Party expenses of $1,006 and $838 for the three months ended and $2,715 and $2,368 for the nine months ended September 30, 2020 and September 30, 2019, respectively.
[2] Related Party expenses of $1,770 and $1,902 for the three months ended and $6,427 and $6,932 for the nine months ended September 30, 2020 and September 30, 2019, respectively.
[3] Related Party expenses of $2,336 and $1,587 for the three months ended and $6,397 and $4,495 for the nine months ended September 30, 2020 and September 30, 2019, respectively.
[4] Represents the cash distributions declared related to the period presented.