CONSOL EnergyInc.'s master limited partnership, , has reported net income of $2.6 million andadjusted EBITDA of $13.3 million.

The gains came with salesvolume at the highest levels since the first quarter of 2015, CNX said in itsearnings report. An S&P Global Market Intelligence analysis of early datafrom U.S. Mine Safety and Health Administration had previously shown at CONSOL's mineswere up 10.7% over the prior quarter.

Jimmy Brock, CEO ofCNX's general partners, said CNX is fully sold out for 2016 and 79% booked for2017.

"Wehave achieved significant cost reductions through productivity improvements,headcount reductions and extracting value from suppliers," Brock said. "Thishas helped us reposition the mines to successfully compete and gain marketshare even outside of our core regions while many of our competitors remain infinancial distress. While commodity markets still remain challenging, the warmwinter weather and falling export prices seem to finally be giving way to a hotsummer and rising export prices. Natural gas prices have also recovered fromsub-$2/MMBtu to approximately $3/MMBtu.All of the above sets us up very well heading into the second half of 2016 andbeyond."

Brock noted, however, that thecompany's coverage and leverage ratios were negatively impacted by challengingmarket conditions, a trend Brock said the company hopes to reverse. Thepartnership elected not to pay a subordinated unit distribution in the quarteras it take steps to keep its leverage ratio under 3.0x.

According to theearnings release, CNX sold 1.2 million tons of coal to 51 different end users,including taking on more export business.

"With summer weather now upon mostof the nation and warmer-than-normal conditions expected to continue throughthe fall, we anticipate a boost in power demand and thus coal consumption,which will draw down coal stockpiles at utilities," the company reported. "Ascustomers throughout the eastern half of the nation become exceedinglyconcerned about the financial stability of a growing number of coal suppliers,we continue to grow our market share into non-traditional markets."

CNXreported distributable cash flow of $4.8million anddistribution coverage of 0.40 times.

CNX also announced acash distribution of 51.25 cents per each common unit and reaffirmedpreviously announced guidance for 2016 of 4.5 million tons to 5.1 million tonsof coal sales and adjusted EBITDA of $59 million to $69 million.

CONSOL is scheduled to report earnings July 26.