Form SD - Specialized disclosure report
25 September 2024 - 11:29PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
SPECIALIZED DISCLOSURE REPORT
CONSOL Energy Inc.
(Exact name of the registrant as specified in its charter)
| | | | | | | | | | | | | | |
Delaware | | 001-38147 | | 82-1954058 |
(State or other jurisdiction of incorporation or organization) | | (Commission File Number) | | (IRS Employer Identification No.) |
275 Technology Drive Suite 101
Canonsburg, Pennsylvania 15317
(Address of principal executive offices and zip code)
Miteshkumar B. Thakkar
Chief Financial Officer and President
(724) 416-8300
(Name and telephone number, including area code, of the person to contact in connection with this report.)
Check the appropriate box to indicate the rule pursuant to which this Form is being submitted, and provide the period to which the information in this Form applies:
☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2023.
☒ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.
Section 2 - Resource Extraction Issuer Disclosure
Item 2.01 Resource Extraction Issuer Disclosure and Report
Disclosure of Payments by Resource Extraction Issuers
The specified payment disclosure required by this Form is included as Exhibit 2.01 to this Specialized Disclosure Report on Form SD.
Section 3 - Exhibits
Item 3.01 Exhibits
Exhibit 2.01 Interactive Data File (Form SD for the year ended December 31, 2023 filed in XBRL)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | | | | | | |
| CONSOL Energy Inc. |
| (Registrant) |
| By: | /s/ MITESHKUMAR B. THAKKAR |
| | Miteshkumar B. Thakkar |
| | Chief Financial Officer and President |
Dated: September 25, 2024
Exhibit 99.1
Resource Extraction Payment Report
for the Fiscal Year Ended December 31, 2023
| | | | | | | | | | | | | | | | | |
Segment | Project/Subnational Political Jurisdiction | Resource (Mineral) and Method of Extraction | Governmental Recipient/Country | Payment Type | Dollars (in thousands) |
| | | | | |
Pennsylvania Mining Complex (PAMC) | Pennsylvania | Coal - Underground Mining | U.S. Federal Government | Federal black lung excise taxes | $ | 11,975 | |
| Pennsylvania | Coal - Underground Mining | U.S. Federal Government | Federal reclamation fees | 2,338 | |
| Pennsylvania | Coal - Underground Mining | U.S. Federal Government | Black lung benefits | 123 | |
| Pennsylvania | Coal - Underground Mining | U.S. Federal Government | Other | 231 | |
Total PAMC Payments | | | | | $ | 14,667 | |
| | | | | |
Itmann Mining Complex (IMC) | West Virginia | Coal - Underground Mining | U.S. Federal Government | Federal black lung excise taxes | $ | 101 | |
| West Virginia | Coal - Underground Mining | U.S. Federal Government | Federal reclamation fees | 25 | |
| West Virginia | Coal - Underground Mining | U.S. Federal Government | Black lung benefits | 73 | |
| West Virginia | Coal - Underground Mining | U.S. Federal Government | Other | 73 | |
Total IMC Payments | | | | | $ | 272 | |
| | | | | |
Corporate and Other | (1) | Coal - Underground Mining | U.S. Federal Government | Federal income taxes | $ | 100,200 | |
| Kentucky | Other (2) | U.S. Federal Government | Black lung benefits | $ | 496 | |
| Ohio | Other (2) | U.S. Federal Government | Black lung benefits | $ | 54 | |
| Pennsylvania | Other (2) | U.S. Federal Government | Black lung benefits | $ | 355 | |
| Tennessee | Other (2) | U.S. Federal Government | Black lung benefits | $ | 15 | |
| Virginia | Other (2) | U.S. Federal Government | Black lung benefits | $ | 702 | |
| West Virginia | Other (2) | U.S. Federal Government | Black lung benefits | $ | 595 | |
(1) The United States federal government levies income taxes at the CONSOL Energy Inc. (CONSOL) level rather than on a per project basis. Income tax payment information in the table above is presented at the CONSOL entity level.
(2) Other represents black lung benefits related to idle operations.
The following table summarizes CONSOL Energy’s total payments to the U.S Federal government by payment type (dollars in thousands):
| | | | | | | | |
| | 2023 |
| | |
Federal black lung excise taxes | | $ | 12,076 | |
Federal reclamation fees | | 2,363 | |
Black lung benefits | | 2,413 | |
Federal income taxes | | 100,200 | |
Other | | 304 | |
Total payments to U.S. Federal government | | $ | 117,356 | |
v3.24.3
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v3.24.3
Payments, by Category - USD ($) $ in Thousands |
Taxes |
Fees |
Comm. Social Resp. |
Total Payments |
Total |
$ 112,276
|
$ 2,667
|
$ 2,413
|
$ 117,356
|
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v3.24.3
Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($) $ in Thousands |
Taxes |
Fees |
Comm. Social Resp. |
Total Payments |
Total |
$ 112,276
|
$ 2,667
|
$ 2,413
|
$ 117,356
|
UNITED STATES | U.S. Federal Government [Member] |
|
|
|
|
Total |
$ 112,276
|
$ 2,667
|
$ 2,413
|
$ 117,356
|
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v3.24.3
Payments, Details - 12 months ended Dec. 31, 2023 - USD ($) $ in Thousands |
Amount |
Type |
Country |
Subnat. Juris. |
Govt. |
Project |
Resource |
Segment |
Ext. Method |
#: 1 |
|
|
|
|
|
|
|
|
|
|
$ 11,975
|
Taxes
|
UNITED STATES
|
snj:US-PA
|
U.S. Federal Government [Member]
|
PAMC PA/Coal/Underground Mining [Member]
|
Coal [Member]
|
Pennsylvania Mining Complex (PAMC) [Member]
|
Underground Mining
|
#: 2 |
|
|
|
|
|
|
|
|
|
|
2,338
|
Fees
|
UNITED STATES
|
snj:US-PA
|
U.S. Federal Government [Member]
|
PAMC PA/Coal/Underground Mining [Member]
|
Coal [Member]
|
Pennsylvania Mining Complex (PAMC) [Member]
|
Underground Mining
|
#: 3 |
|
|
|
|
|
|
|
|
|
|
123
|
Comm. Social Resp.
|
UNITED STATES
|
snj:US-PA
|
U.S. Federal Government [Member]
|
PAMC PA/Coal/Underground Mining [Member]
|
Coal [Member]
|
Pennsylvania Mining Complex (PAMC) [Member]
|
Underground Mining
|
#: 4 |
|
|
|
|
|
|
|
|
|
|
231
|
Fees
|
UNITED STATES
|
snj:US-PA
|
U.S. Federal Government [Member]
|
PAMC PA/Coal/Underground Mining [Member]
|
Coal [Member]
|
Pennsylvania Mining Complex (PAMC) [Member]
|
Underground Mining
|
#: 5 |
|
|
|
|
|
|
|
|
|
|
101
|
Taxes
|
UNITED STATES
|
snj:US-WV
|
U.S. Federal Government [Member]
|
IMC WV/Coal/Underground Mining [Member]
|
Coal [Member]
|
Itmann Mining Complex (IMC) [Member]
|
Underground Mining
|
#: 6 |
|
|
|
|
|
|
|
|
|
|
25
|
Fees
|
UNITED STATES
|
snj:US-WV
|
U.S. Federal Government [Member]
|
IMC WV/Coal/Underground Mining [Member]
|
Coal [Member]
|
Itmann Mining Complex (IMC) [Member]
|
Underground Mining
|
#: 7 |
|
|
|
|
|
|
|
|
|
|
73
|
Comm. Social Resp.
|
UNITED STATES
|
snj:US-WV
|
U.S. Federal Government [Member]
|
IMC WV/Coal/Underground Mining [Member]
|
Coal [Member]
|
Itmann Mining Complex (IMC) [Member]
|
Underground Mining
|
#: 8 |
|
|
|
|
|
|
|
|
|
|
73
|
Fees
|
UNITED STATES
|
snj:US-WV
|
U.S. Federal Government [Member]
|
IMC WV/Coal/Underground Mining [Member]
|
Coal [Member]
|
Itmann Mining Complex (IMC) [Member]
|
Underground Mining
|
#: 9 |
|
|
|
|
|
|
|
|
|
|
100,200
|
Taxes
|
UNITED STATES
|
|
U.S. Federal Government [Member]
|
|
Coal [Member]
|
Corporate and Other [Member]
|
Underground Mining
|
#: 10 |
|
|
|
|
|
|
|
|
|
|
496
|
Comm. Social Resp.
|
UNITED STATES
|
snj:US-KY
|
U.S. Federal Government [Member]
|
|
Other [Member]
|
Corporate and Other [Member]
|
|
#: 11 |
|
|
|
|
|
|
|
|
|
|
54
|
Comm. Social Resp.
|
UNITED STATES
|
snj:US-OH
|
U.S. Federal Government [Member]
|
|
Other [Member]
|
Corporate and Other [Member]
|
|
#: 12 |
|
|
|
|
|
|
|
|
|
|
355
|
Comm. Social Resp.
|
UNITED STATES
|
snj:US-PA
|
U.S. Federal Government [Member]
|
|
Other [Member]
|
Corporate and Other [Member]
|
|
#: 13 |
|
|
|
|
|
|
|
|
|
|
15
|
Comm. Social Resp.
|
UNITED STATES
|
snj:US-TN
|
U.S. Federal Government [Member]
|
|
Other [Member]
|
Corporate and Other [Member]
|
|
#: 14 |
|
|
|
|
|
|
|
|
|
|
702
|
Comm. Social Resp.
|
UNITED STATES
|
snj:US-VA
|
U.S. Federal Government [Member]
|
|
Other [Member]
|
Corporate and Other [Member]
|
|
#: 15 |
|
|
|
|
|
|
|
|
|
|
$ 595
|
Comm. Social Resp.
|
UNITED STATES
|
snj:US-WV
|
U.S. Federal Government [Member]
|
|
Other [Member]
|
Corporate and Other [Member]
|
|
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