On May 8, 2013, CONSOL Energy Inc., its wholly-owned subsidiary, CNX Gas Corporation and certain individual defendants entered into a Stipulation and Agreement of Compromise and Settlement with the plaintiffs in re CNX Gas Corporation Shareholders Litigation, Del. Ch., C.A. No. 5377-VCL (the Action), providing for the settlement of all claims brought against the company, CNX Gas and the other Defendants in the Action, which challenged the tender offer by the company to acquire all of the shares of CNX Gas common stock that the company did not already own for $38.25 per share. The Settlement Agreement provides for, among other things, a full and final release, settlement, dismissal and discharge by the plaintiffs and the Class of any all claims relating to the Action and the challenged transactions against the Company, CNX Gas, the individual defendants, who were all directors of the company and CNX Gas at the time of the challenged transactions, and the other Released Parties and Defendants' agreement to establish a settlement fund in the amount of $42,730,913.50 for distribution to members of the Class, of which the company is responsible for $20,230,913.50.

CONSOL Energy Inc.'s Board of Directors declared a regular quarterly dividend of $0.125 per share, payable on May 24, 2013, to shareholders of record on May 10, 2013.

CONSOL Energy Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenue and other income of $1,289,640,000 against $1,426,770,000 a year ago. Loss before income taxes was $1,299,000 against earnings before income taxes of $118,577,000 a year ago. Net loss attributable to the company’s shareholders was $97,196,000 or $0.01 per basic and diluted share against net income attributable to the company’s shareholders of $97,196,000 or $0.42 per diluted share a year ago. Cash flow from operations in the quarter was $268 million, as compared to $229 million in the year-earlier quarter. Capital expenditures were $405,972,000 against $306,446,000 a year ago. The company expects its net gas production to be between 170 Bcf -180 Bcf for the year 2013. For the second quarter 2013, the company expects gas production, net to be approximately 38 Bcf- 40 Bcf.