CONSOL Energy Inc. revised capital expenditures guidance and production guidance for the year 2016. In 2016, the E&P Division expects capital expenditures of $205 million - $325 million, which is $185 million lower than the previous guidance of $400 million - $500 million, based on the midpoint of the guidance. E&P Division capital expenditures are comprised of the following: $110 million - $210 million for drilling and completion activity, which includes $10 million - $15 million for coalbed methane (CBM) activity; $40 million - $50 million for midstream, including approximately $22 million associated with expected CONE Midstream capital contributions; and $55 million - $65 million for other activities related to land, permitting, and business development. Company's 2016 Coal Division budget continues to reflect maintenance of production capital. Total Coal Division capital expenditures of $170 million - $190 million include the following: $140 million -$155 million allocated to production and $30 million - $35 million for other activities related to land, water, safety, and the Baltimore Terminal. CONSOL Energy's 2016 Coal Division capital and production guidance reflects 100% of the Pennsylvania Complex (PA Operations), consistent with the consolidation accounting methodology applied for the 20% of the PA Operations owned by CNX Coal Resources LP (CNXC).

Company's total Coal Division is reducing 2016 expected sales to 27.0 million tons - 32.0 million tons, compared to previous guidance of 30.6 million tons - 33.4 million tons.