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Exhibit 99.1 TM CONSOL Energy Announces Results for the Second Quarter 2021 CANONSBURG , PA ( August 3 , 2021 ) - Today , CONSOL Energy Inc. ( NYSE : CEIX ) reported financial and operating results for the period ended June 30 , 2021 . Second Quarter 2021 Highlights Include : . • • • GAAP net income of $ 4.2 million including $ 20.4 million of unrealized mark - to - market losses related to commodity derivatives ; Quarterly adjusted EBITDA1 of $ 84.4 million ; • Net cash provided by operating activities of $ 94.6 million ; • • • • Quarterly free cash flow¹ of $ 54.4 million ; Coal shipments of 5.9 million tons , of which 55 % went into the export market and 47 % into non - power generation applications ; CONSOL Marine Terminal net income and adjusted EBITDA¹ of $ 8.2 million and $ 11.0 million , respectively ; Cash and cash equivalents of $ 146.7 million plus $ 53.5 million in restricted cash as of June 30 , 2021 ; Net leverage ratio¹ of 1.70x as of June 30 , 2021 ; Recommencing the Itmann metallurgical coal project with expanded scope to accelerate our diversification strategy ; Issued $ 75.0 million in tax - exempt bonds to fund the solid waste disposal project at the Pennsylvania Mining Complex ( PAMC ) ; and Spent $ 18.4 million for an early buyout of an existing operating lease for a set of longwall shields reducing monthly cash cost by $ 0.9 million . Management Comments " In the second quarter of 2021 , we had another strong performance generating significant free cash flow , increasing our unrestricted cash position by more than $ 50 million and delivering a strong cash cost performance despite multiple longwall moves in the quarter , ” said Jimmy Brock , President and Chief Executive Officer of CONSOL Energy Inc. " Customer demand remains robust and we furthered our pivot to the export markets by selling approximately 55 % of our total sales volume internationally . The second quarter of 2021 marks our third consecutive quarter of approximately $ 50 million or more in free cash flow¹ generation , and this quarter was even more impressive when you consider our discretionary decision to execute an $ 18 million early buyout option on an existing operating lease associated with a set of longwall shields . We continue to bolster our balance sheet through strong cash generation and opportunistic open market debt repurchases of our second lien notes . Finally , I am very pleased to announce our decision to recommence the Itmann Metallurgical Coal Project by committing to move forward with the construction of a coal preparation facility on site that is slated to start up in 2022 and will include a highly efficient rail loadout and expanded capacity for processing third - party coal in addition to the coal from our Itmann # 5 Mine . We believe this is a very strategically important project for us as it will diversify our product mix and revenue stream , which will create additional 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 second quarter of 2021. Our year - to - date total recordable incident rate at the PAMC continues to track significantly and consistently below the national average for underground bituminous coal mines . "