Filing Details

Accession Number:
0000929638-23-000574
Form Type:
13G Filing
Publication Date:
2023-02-13 19:00:00
Filed By:
Greenlight Capital
Company:
Consol Energy Inc. (NYSE:CEIX)
Filing Date:
2023-02-14
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Greenlight Capital, Inc 0 806,138 0 806,138 806,138 2.3%
DME Capital Management 0 723,487 0 723,487 723,487 2.1%
DME Advisors 0 282,926 0 282,926 282,926 0.8%
DME Advisors GP 0 1,006,413 0 1,006,413 1,006,413 2.9%
David Einhorn 0 1,812,551 0 1,812,551 1,812,551 5.2%
Filing
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 

 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
 
(Amendment No. 2)*
 

CONSOL Energy, Inc.
(Name of Issuer)

Common Stock, par value $0.01 per share
(Title of Class of Securities)

 
20854L108
 
(CUSIP Number)

December 31, 2022
(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
 [x]
Rule 13d-1(b)
 
 [  ]
Rule 13d-1(c)
 
 [  ]
Rule 13d-1(d)
 

 
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.  Beneficial ownership information contained herein is given as of the date listed above.
 
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
1
Names of Reporting Persons.
 
Greenlight Capital, Inc.

2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a) [ ]
 
(b) [ ]
 
3
SEC Use Only
 
4
Citizenship or Place of Organization.
 
Delaware
 
Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
5 Sole Voting Power
 
0 shares
 
 
6 Shared Voting Power
 
806,138 shares
 
 
7 Sole Dispositive Power
 
0 shares
 
 
8 Shared Dispositive Power
 
806,138 shares
 
9
Aggregate Amount Beneficially Owned by Each Reporting Person
 
806,138 shares
 
10
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ]
 
11
Percent of Class Represented by Amount in Row (9)
 
2.3%
12
Type of Reporting Person (See Instructions)
 
IA

1
Names of Reporting Persons.
 
DME Capital Management, LP

2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a) [ ]
 
(b) [ ]
 
3
SEC Use Only
 
4
Citizenship or Place of Organization.
 
Delaware
 
Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
5 Sole Voting Power
 
0 shares
 
 
6 Shared Voting Power
 
723,487 shares
 
 
7 Sole Dispositive Power
 
0 shares
 
 
8 Shared Dispositive Power
 
723,487 shares
 
9
Aggregate Amount Beneficially Owned by Each Reporting Person
 
723,487 shares
 
10
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ]
 
11
Percent of Class Represented by Amount in Row (9)
 
2.1%
12
Type of Reporting Person (See Instructions)
 
IA

1
Names of Reporting Persons.
 
DME Advisors, LP

2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a) [ ]
 
(b) [ ]
 
3
SEC Use Only
 
4
Citizenship or Place of Organization.
 
Delaware
 
Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
5 Sole Voting Power
 
0 shares
 
 
6 Shared Voting Power
 
282,926 shares
 
 
7 Sole Dispositive Power
 
0 shares
 
 
8 Shared Dispositive Power
 
282,926 shares
 
9
Aggregate Amount Beneficially Owned by Each Reporting Person
 
282,926 shares
 
10
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ]
 
11
Percent of Class Represented by Amount in Row (9)
 
0.8%
12
Type of Reporting Person (See Instructions)
 
IA

1
Names of Reporting Persons.
 
DME Advisors GP, LLC

2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a) [ ]
 
(b) [ ]
 
3
SEC Use Only
 
4
Citizenship or Place of Organization.
 
Delaware
 
Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
5 Sole Voting Power
 
0 shares
 
   
 
6 Shared Voting Power
 
1,006,413 shares
 
   
 
7 Sole Dispositive Power
 
0 shares
 
   
 
8 Shared Dispositive Power
 
1,006,413 shares
 
   
9
Aggregate Amount Beneficially Owned by Each Reporting Person
 
1,006,413 shares
 
 
10
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ]
 
 
11
Percent of Class Represented by Amount in Row (9)
 
2.9%
 
12
Type of Reporting Person (See Instructions)
 
HC
 

1
Names of Reporting Persons.
 
David Einhorn

2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a) [ ]
 
(b) [ ]
 
3
SEC Use Only
 
4
Citizenship or Place of Organization.
 
U.S. Citizen
 
Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
5 Sole Voting Power
 
0 shares
 
   
 
6 Shared Voting Power
 
1,812,551 shares
 
   
 
7 Sole Dispositive Power
 
0 shares
 
   
 
8 Shared Dispositive Power
 
1,812,551 shares
 
   
9
Aggregate Amount Beneficially Owned by Each Reporting Person
 
1,812,551 shares
 
 
10
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ]
 
 
11
Percent of Class Represented by Amount in Row (9)
 
5.2%
 
12
Type of Reporting Person (See Instructions)
 
HC
 

AMENDMENT NO. 2 TO SCHEDULE 13G
 
This Amendment No. 2 (the "Amendment") to Schedule 13G relating to common stock, par value $0.01 per share (“Common Stock”) of CONSOL Energy, Inc., a Delaware corporation (the “Company” or the “Issuer”), is being filed with the Securities and Exchange Commission (the "SEC") as an amendment to the Schedule 13G filed with the SEC on January 12, 2021 as amended on February 14, 2022.  This Amendment is being filed on behalf of Greenlight Capital, Inc., a Delaware corporation (“Greenlight Inc.”), DME Capital Management, LP, a Delaware limited partnership (“DME CM”), DME Advisors, LP, a Delaware limited partnership (“DME Advisors”), and DME Advisors GP, LLC, a Delaware limited liability company (“DME GP” and together with Greenlight Inc., DME CM and DME Advisors, “Greenlight”), and Mr. David Einhorn, the principal of Greenlight (collectively with Greenlight, the “Reporting Persons”).
 
This Amendment relates to Common Stock of the Issuer held by Greenlight for the account of private investment funds (the “Greenlight Accounts”) for which Greenlight acts as investment advisor (or general partner of the investment advisor) and with respect to which Mr. Einhorn may be deemed to have indirect investment and/or voting power as the principal of Greenlight and other affiliated entities.  DME GP is the general partner of DME CM and DME Advisors.
 
The filing of this Amendment shall not be construed as an admission that any of the Reporting Persons is for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, the beneficial owner of any of the Common Shares reported herein.  Pursuant to Rule 13d-4, each of the Reporting Persons disclaims all such beneficial ownership except to the extent of its pecuniary interest in any shares of Common Stock, if applicable.

This Amendment is being filed to amend and restate Item 4.

Item 4.
Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)    Amount Beneficially Owned

The information set forth in rows 5 through 11 on the cover page for each Reporting Person is hereby incorporated by reference into this Item 4(a) for each such Reporting Person.

(b)    Percent of Class

The information set forth in Rows 5 through 11 on the cover page for each Reporting Person is hereby incorporated by reference into this Item 4(b) for each such Reporting Person.  The percentages reported herein are calculated on the basis of the Company’s statement in the Company's Quarterly Report on Form 10-Q, filed with the SEC on November 1, 2022, that there were 34,871,358 shares of Common Stock outstanding as of October 21, 2022.

(c)          Number of shares as to which such person has:

The information set forth in Rows 5 through 11 on the cover page for each Reporting Person is hereby incorporated by reference into this Item 4(c) for each such Reporting Person.

Exhibits
Exhibit
   
99.1
Joint Filing Agreement by and among the Reporting Persons, incorporated by reference to Exhibit 99.1 to the Schedule 13G filed by the Reporting Persons with respect to the Company on January 12, 2021.

SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Date:
February 14, 2023

 
GREENLIGHT CAPITAL, INC.
   
 
By: /s/ DANIEL ROITMAN
 
Daniel Roitman
Chief Operating Officer
   
   
 
DME CAPITAL MANAGEMENT, LP
   
 
By: DME Advisors GP, LLC,
 
its General Partner
   
 
By: /s/ DANIEL ROITMAN
 
Daniel Roitman
Chief Operating Officer
   
   
 
DME ADVISORS, LP
   
 
By: DME Advisors GP, LLC,
 
its General Partner
   
 
By: /s/ DANIEL ROITMAN
 
Daniel Roitman
Chief Operating Officer
   
   
 
DME ADVISORS GP, LLC
   
 
By: /s/ DANIEL ROITMAN
 
Daniel Roitman
Chief Operating Officer
   
   
 
/s/ DANIEL ROITMAN*
 
Daniel Roitman, on behalf of David Einhorn

 
* The Power of Attorney executed by David Einhorn, authorizing the signatory to sign and file Schedule 13G on David Einhorn's behalf, filed as Exhibit 99.1 to the Schedule 13D filed with the Securities and Exchange Commission on August 29, 2019 by the Reporting Persons with respect to the common units of CONSOL Coal Resources, is hereby incorporated by reference.