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TM Exhibit 99.1 CONSOL Energy Announces Results for the First Quarter 2021 CANONSBURG , PA ( May 4 , 2021 ) - Today , CONSOL Energy Inc. ( NYSE : CEIX ) reported financial and operating results for the period ended March 31 , 2021 . First Quarter 2021 Highlights Include : • GAAP net income of $ 26.4 million ; • Coal shipments improve to 6.9 million tons , the highest level since 2Q19 ; • • Net cash provided by operating activities of $ 78.0 million ; • Quarterly adjusted EBITDA¹ of $ 106.7 million ; Quarterly free cash flow¹ of $ 72.7 million ; • Total costs and expenses of $ 310.6 million ; • • • • • • Average cash cost of coal sold per ton¹ of $ 24.44 ; Record quarterly export sales of 3.3 million tons , amounting to 48 % of our total sales volume ; Proceeds from asset sales of $ 8.5 million supplements operating cash flow ; Cash and cash equivalents of $ 91.2 million as of March 31 , 2021 ; Reduction in consolidated indebtedness per credit agreement of $ 62.7 million ; Net leverage ratio¹ of 1.97x as of March 31 , 2021 ; Increased repurchase authorization by $ 50 million ; and Accessed tax - exempt capital market for future funding needs in an oversubscribed offering . Management Comments " In the first quarter of 2021 , we built on our strong finish to 2020 by producing and selling nearly 7.0 million tons and expanding our cash margins , as our customers ' demand rebounded strongly , ” said Jimmy Brock , President and Chief Executive Officer of CONSOL Energy Inc. “ During the quarter , we continued our pivot to the export markets by expanding our relationships with a wider global end - user customer base including penetrating new markets . In addition , we impressively achieved a sub- $ 25 average cash cost of coal sold per ton , and due to our strong net cash provided by operating activities and free cash flow generation , we bolstered our balance sheet by increasing our cash position , while continuing to opportunistically accelerate debt reduction through open market purchases of our second lien notes . Towards the end of the quarter , we demonstrated ongoing access to the capital markets by pricing $ 75 million in tax - exempt solid waste disposal revenue bonds with an initial duration of seven years , which will fund a portion of the ongoing expansion of our coal refuse disposal areas at the Pennsylvania Mining Complex . Last but not least , I am proud of our employees as they successfully navigated a challenging 2020 and capitalized on our first real opportunity to demonstrate our earnings potential in the first quarter of 2021. It brought us closer to our goal of creating a stronger balance sheet and creating value for our shareholders . ” " On the safety front , our Bailey Preparation Plant , CONSOL Marine Terminal ( CMT ) and Itmann project each had ZERO recordable incidents during the first quarter of 2021. Our total recordable incident rate at the PAMC was improved by 44 % compared to the first quarter of 2020 and continues to track significantly and consistently below the national average for underground bituminous coal mines . "