11 Jan 2021listing compliance notice▼ BadMajor
CONSOL Coal Resources LP terminated the registration of a class of securities, ending its reporting obligation for them.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
5 Jan 2021substantial holder notice● Neutral
CONSOL Energy Inc, Transformer LP Holdings Inc reported a CONSOL Coal Resources LP shareholding of 65,012,661 shares (100.00% of votes) in a periodic institutional filing.
4 Jan 2021director interest notice● Neutral
CONSOL Coal Resources LP director Dan D Sandman disposed of 31,901 shares via option/appreciation-right settlement.
4 Jan 2021director interest notice● Neutral
CONSOL Coal Resources LP officer James A Brock disposed of 76,551 shares via option/appreciation-right settlement.
4 Jan 2021director interest notice● Neutral
CONSOL Coal Resources LP officer Martha A Wiegand disposed of 10,609 shares via option/appreciation-right settlement.
4 Jan 2021director interest notice● Neutral
CONSOL Coal Resources LP director Jeffrey L Wallace disposed of 38,959 shares via option/appreciation-right settlement.
4 Jan 2021director interest notice● Neutral
CONSOL Coal Resources LP director Kurt R. Salvatori disposed of 1,809 shares via option/appreciation-right settlement.
4 Jan 2021director interest notice● Neutral
CONSOL Coal Resources LP director Michael L Greenwood disposed of 48,959 shares via option/appreciation-right settlement.
4 Jan 2021director interest notice● Neutral
CONSOL Coal Resources LP officer Miteshkumar Thakkar disposed of 5,322 shares via option/appreciation-right settlement.
30 Dec 2020asset acquisition disposition● NeutralMajor
The merger with CONSOL Energy (CEIX) closed on Dec 30, 2020: each public CCR unit was converted into 0.73 CEIX shares (about 7.9 million CEIX shares issued in total), the incentive distribution rights were cancelled for no consideration, and CCR units were suspended from NYSE trading with delisting and deregistration requested. The CONSOL credit facility, with about $176.5 million outstanding, was terminated and repaid by issuing 37,322,410 new CCR units to CEIX, resolving the covenant-tightening thread. Written consents approved the merger (23,063,876 for, 127,655 against, 10,502 abstentions), and three GP directors stepped down, shrinking the board from seven to four because of the merger. CCR continues as an indirect wholly owned CEIX subsidiary.
30 Dec 2020listing compliance notice● NeutralMajor
CONSOL Coal Resources LP's exchange filed to remove a class of its securities from listing.
30 Nov 2020business combination● NeutralMajor
The final merger proxy/consent document was issued on Nov 30, 2020, setting out the Oct 22 deal: each public CCR unit converts into 0.73 CONSOL Energy (CEIX) shares, and the incentive distribution rights are cancelled for no consideration. CEIX, holding 16,811,818 units (about 60.7%), has agreed to deliver its written consent within two business days of the registration statement becoming effective, which is enough to approve the merger; CEIX shareholders vote at a Dec 29, 2020 special meeting, and the deal cannot close without their approval of the share issuance. This continues the pending merger; public unitholders' outcome is still pending.
5 Nov 2020quarterly activities report● Neutral
CONSOL Coal Resources LP reported quarterly revenue of $49.3 million for the period ended 2020-09-30.
5 Nov 2020quarterly activities report● Neutral
CONSOL Coal Resources LP reported quarterly revenue of $49.3 million for the period ended 2020-09-30.
28 Oct 2020substantial holder notice● Neutral
CONSOL Energy Inc reported a CONSOL Coal Resources LP shareholding of 16,811,818 shares (60.70% of votes) in a periodic institutional filing.
23 Oct 2020business combination● NeutralMajor
On October 22, 2020, the partnership agreed to be acquired by its parent CONSOL Energy: each public common unit would convert into 0.73 shares of CONSOL Energy common stock. CONSOL Energy already owned about 60.7% of the units and agreed to deliver its written consent, so approval depends mainly on regulatory and share-issuance conditions rather than the public unitholders' vote. The incentive distribution rights would be cancelled for no consideration, and the partnership would survive as an indirect wholly owned subsidiary. The deal is not yet complete, so public holders' treatment is pending.
10 Aug 2020quarterly activities report● Neutral
CONSOL Coal Resources LP reported quarterly revenue of $33.8 million for the period ended 2020-06-30.
10 Aug 2020quarterly activities report● Neutral
CONSOL Coal Resources LP reported quarterly revenue of $33.8 million for the period ended 2020-06-30.
14 July 2020quarterly activities report● Neutral
CONSOL Coal Resources LP reported quarterly revenue of $33.8 million for the period ended 2020-06-30.
11 June 2020debt financing▼ BadMajor
On June 5, 2020, the partnership amended the same CONSOL credit facility again: borrowing costs rose by 0.5 percentage points and the leverage limits were reset, tightening in steps from 4.00x total net leverage through early 2021 to 3.25x from mid-2022. New conditions were also added for investments and for distributions to unitholders, which could limit payouts.
11 May 2020quarterly activities report● Neutral
CONSOL Coal Resources LP reported quarterly revenue of $67.4 million for the period ended 2020-03-31.
11 May 2020quarterly activities report● Neutral
CONSOL Coal Resources LP reported quarterly revenue of $67.4 million for the period ended 2020-03-31.
5 Nov 2019quarterly activities report● Neutral
CONSOL Coal Resources LP reported quarterly revenue of $77.4 million for the period ended 2019-09-30.
5 Nov 2019quarterly activities report● Neutral
CONSOL Coal Resources LP reported quarterly revenue of $77.4 million for the period ended 2019-09-30.
29 Aug 2019substantial holder notice● Neutral
Greenlight Capital, Inc, DME Advisors GP, LLC, DME Advisors, L.P, DME Capital Management, LP, David Einhorn reported a CONSOL Coal Resources LP shareholding of 5,488,438 shares (19.90% of votes) in a periodic institutional filing.
19 Aug 2019substantial holder notice● Neutral
CONSOL Energy Inc reported a CONSOL Coal Resources LP shareholding of 16,792,405 shares (60.80% of votes) in a periodic institutional filing.
6 Aug 2019quarterly activities report● Neutral
CONSOL Coal Resources LP reported quarterly revenue of $89.6 million for the period ended 2019-06-30.
6 Aug 2019quarterly activities report● Neutral
CONSOL Coal Resources LP reported quarterly revenue of $89.6 million for the period ended 2019-06-30.
8 May 2019quarterly activities report● Neutral
CONSOL Coal Resources LP reported quarterly revenue of $86.1 million for the period ended 2019-03-31.
8 May 2019quarterly activities report● Neutral
CONSOL Coal Resources LP reported quarterly revenue of $86.1 million for the period ended 2019-03-31.