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Acquisitions and Dispositions (Tables) | 6 Months Ended
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Jun. 30, 2018
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | Estimated Fair Value of Consideration Transferred:
Cash Consideration | $ | 305,000 |
CNX Gathering Cash on Hand at January 3, 2018 Distributed to Noble | 2,620 |
Fair Value of Previously Held Equity Interest | 799,033 |
Total Estimated Fair Value of Consideration Transferred | $ | 1,106,653 |
The following is a summary of the preliminary estimated fair values of the net assets acquired:
Fair Value of Assets Acquired: |
Cash and Cash Equivalents | $ | 8,348 |
Accounts and Notes Receivable | 21,199 |
Prepaid Expense | 2,006 |
Other Current Assets | 163 |
Property, Plant and Equipment, Net | 1,043,340 |
Intangible Assets | 128,781 |
Other | 593 |
Total Assets Acquired | 1,204,430 |
Fair Value of Liabilities Assumed: |
Accounts Payable | 26,059 |
CNXM Revolving Credit Facility | 149,500 |
Total Liabilities Assumed | 175,559 |
Total Identifiable Net Assets | 1,028,871 |
Fair Value of Noncontrolling Interest in CNXM | (718,577 | )
Goodwill | 796,359 |
Net Assets Acquired | $ | 1,106,653 |
Schedule of Pro Forma Information | Post-Acquisition Operating Results (Midstream Acquisition) The Midstream Acquisition contributed the following to the Company's Midstream segment for the three and six months ended June 30, 2018.
| Three Months Ended |  | Six Months Ended
| June 30, 2018 |  | June 30, 2018
Midstream Revenue | $ | 61,325 |  |  | $ | 125,503 |
Earnings From Continuing Operations Before Income Tax | $ | 27,795 |  |  | $ | 63,329 |
The pro forma combined financial information has been included for comparative purposes and is not necessarily indicative of the results that might have actually occurred had the acquisition been completed at January 1, 2017; furthermore, the financial information is not intended to be a projection of future results.
| Pro Forma
(in thousands, except per share data) (unaudited) | Three Months Ended June 30, 2017 |  | Six Months Ended June 30, 2017
Pro Forma Total Revenue and Other Operating Income | $ | 395,774 |  |  | $ | 740,411 |
Pro Forma Net Income from Continuing Operations | $ | 150,789 |  |  | $ | 92,979 |
Less: Pro Forma Net income Attributable to Noncontrolling Interests | $ | 18,720 |  |  | $ | 38,134 |
Pro Forma Net Income from Continuing Operations Attributable to CNX | $ | 132,069 |  |  | $ | 54,845 |
Pro Forma Income per Share from Continuing Operations (Basic) | $ | 0.58 |  |  | $ | 0.24 |
Pro Forma Income per Share from Continuing Operations (Diluted) | $ | 0.58 |  |  | $ | 0.24 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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