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Segment Information | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION: CNX consists of two principal business divisions: Exploration and Production (E&P) and Midstream. The principal activity of the E&P Division, which includes four reportable segments, is to produce pipeline quality natural gas for sale primarily to gas wholesalers. The E&P Division's reportable segments are Marcellus Shale, Utica Shale, Coalbed Methane and Other Gas. The Other Gas Segment is primarily related to shallow oil and gas production which is not significant to the Company due to the sale of substantially all of CNX's shallow oil and gas assets in the 2018 period (See Note 6 - Acquisitions and Dispositions for more information). It also includes the Company's purchased gas activities, unrealized gain or loss on commodity derivative instruments, exploration and production related other costs, impairments of exploration and production properties and unproved properties and expirations, as well as various other operating activities assigned to the E&P Division but not allocated to each individual segment. CNX's Midstream Division's principal activity is the ownership, operation, development and acquisition of natural gas gathering and other midstream energy assets of CNX Gathering and CNXM, which provide natural gas gathering services for the Company's produced gas, as well as for other independent third-parties in the Marcellus Shale and Utica Shale in Pennsylvania and West Virginia. Excluded from the Midstream Division are the gathering assets and operations of CNX that have not been contributed to CNX Gathering and CNXM. As a result of the Midstream Acquisition (See Note 6 - Acquisitions and Dispositions for more information), CNX owns and controls 100% of CNX Gathering, making CNXM a single-sponsor master limited partnership and thus the Company began consolidating CNXM on January 3, 2018. The Midstream Division is comprised of a single Midstream segment. The Company's unallocated expenses include other expense, gain on asset sales related to non-core assets, gain on previously held equity interest, loss on debt extinguishment, impairment of other intangible assets and income taxes. In the preparation of the following information, intersegment sales have been recorded at amounts approximating market prices. Operating profit for each segment is based on sales less identifiable operating and non-operating expenses. Assets are reflected at the division level for E&P and are not allocated between each individual E&P segment. These assets are not allocated to each individual segment due to the diverse asset base controlled by CNX, whereby each individual asset may service more than one segment within the division. An allocation of such asset base would not be meaningful or representative on a segment by segment basis. Industry segment results for the year ended December 31, 2019 are:
| Marcellus Shale |  | Utica Shale |  | Coalbed Methane |  | Other Gas |  | Total E&P |  | Midstream |  | Unallocated |  | Intercompany Eliminations |  | Consolidated |
Natural Gas, NGLs and Oil Revenue | $ | 934,728 |  |  | $ | 264,548 |  |  | $ | 163,893 |  |  | $ | 1,156 |  |  | $ | 1,364,325 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,364,325 |  | (A)
Purchased Gas Revenue | — |  |  | — |  |  | — |  |  | 94,027 |  |  | 94,027 |  |  | — |  |  | — |  |  | — |  |  | 94,027 |  |
Midstream Revenue | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 307,024 |  |  | — |  |  | (232,710 | ) |  | 74,314 |  |
Gain on Commodity Derivative Instruments | 47,475 |  |  | 14,943 |  |  | 7,335 |  |  | 306,352 |  |  | 376,105 |  |  | — |  |  | — |  |  | — |  |  | 376,105 |  |
Other Operating Income | — |  |  | — |  |  | — |  |  | 14,057 |  |  | 14,057 |  |  | — |  |  | — |  |  | (379 | ) |  | 13,678 |  | (B)
Total Revenue and Other Operating Income | $ | 982,203 |  |  | $ | 279,491 |  |  | $ | 171,228 |  |  | $ | 415,592 |  |  | $ | 1,848,514 |  |  | $ | 307,024 |  |  | $ | — |  |  | $ | (233,089 | ) |  | $ | 1,922,449 |  |
Earnings (Loss) From Continuing Operations Before Income Tax | $ | 234,284 |  |  | $ | 87,972 |  |  | $ | 35,170 |  |  | $ | (497,869 | ) |  | $ | (140,443 | ) |  | $ | 166,654 |  |  | $ | 33,473 |  |  | $ | — |  |  | $ | 59,684 |  |
Segment Assets |  |  |  |  |  |  |  |  | $ | 6,745,091 |  |  | $ | 2,230,676 |  |  | $ | 78,708 |  |  | $ | 6,331 |  |  | $ | 9,060,806 |  | (C)
Depreciation, Depletion and Amortization |  |  |  |  |  |  |  |  | $ | 474,352 |  |  | $ | 34,111 |  |  | $ | — |  |  | $ | — |  |  | $ | 508,463 |  |
Capital Expenditures |  |  |  |  |  |  |  |  | $ | 867,860 |  |  | $ | 324,739 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,192,599 |  |
(A) | Included in Total Natural Gas, NGLs and Oil Revenue are sales of $214,980 to Direct Energy Business Marketing LLC and $147,540 to NJR Energy Services Company, each of which comprises over 10% of revenue from contracts with external customers for the period.
(B) | Includes equity in earnings of unconsolidated affiliates of $2,103 for Total E&P.
(C) | Includes investments in unconsolidated equity affiliates of $16,710 for Total E&P.
Industry segment results for the year ended December 31, 2018 are:
| Marcellus Shale |  | Utica Shale |  | Coalbed Methane |  | Other Gas |  | Total E&P |  | Midstream |  | Unallocated |  | Intercompany Eliminations |  | Consolidated |
Natural Gas, NGLs and Oil Revenue | $ | 903,316 |  |  | $ | 445,880 |  |  | $ | 212,884 |  |  | $ | 15,857 |  |  | $ | 1,577,937 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,577,937 |  | (D)
Purchased Gas Revenue | — |  |  | — |  |  | — |  |  | 65,986 |  |  | 65,986 |  |  | — |  |  | — |  |  | — |  |  | 65,986 |  |
Midstream Revenue | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 258,074 |  |  | — |  |  | (168,293 | ) |  | 89,781 |  |
(Loss) Gain on Commodity Derivative Instruments | (40,444 | ) |  | (19,882 | ) |  | (8,767 | ) |  | 38,881 |  |  | (30,212 | ) |  | — |  |  | — |  |  | — |  |  | (30,212 | ) |
Other Operating Income | — |  |  | — |  |  | — |  |  | 27,218 |  |  | 27,218 |  |  | — |  |  | — |  |  | (276 | ) |  | 26,942 |  | (E)
Total Revenue and Other Operating Income | $ | 862,872 |  |  | $ | 425,998 |  |  | $ | 204,117 |  |  | $ | 147,942 |  |  | $ | 1,640,929 |  |  | $ | 258,074 |  |  | $ | — |  |  | $ | (168,569 | ) |  | $ | 1,730,434 |  |
Earnings (Loss) From Continuing Operations Before Income Tax | $ | 254,310 |  |  | $ | 194,164 |  |  | $ | 49,719 |  |  | $ | (253,577 | ) |  | $ | 244,616 |  |  | $ | 133,811 |  |  | $ | 720,241 |  |  | $ | — |  |  | $ | 1,098,668 |  |
Segment Assets |  |  |  |  |  |  |  |  | $ | 6,518,597 |  |  | $ | 1,919,117 |  |  | $ | 166,679 |  |  | $ | (12,223 | ) |  | $ | 8,592,170 |  | (F)
Depreciation, Depletion and Amortization |  |  |  |  |  |  |  |  | $ | 461,149 |  |  | $ | 32,274 |  |  | $ | — |  |  | $ | — |  |  | $ | 493,423 |  |
Capital Expenditures |  |  |  |  |  |  |  |  | $ | 974,059 |  |  | $ | 142,338 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,116,397 |  |
(D) | Included in Total Natural Gas, NGLs and Oil Revenue are sales of $219,472 to NJR Energy Services Company and $184,668 to Direct Energy Business Marketing LLC, each of which comprises over 10% of revenue from contracts with external customers for the period.
(E) | Includes equity in earnings of unconsolidated affiliates of $5,363 for Total E&P.
(F) | Includes investments in unconsolidated equity affiliates of $18,663 for Total E&P.
Industry segment results for the year ended December 31, 2017 are:
| Marcellus Shale |  | Utica Shale |  | Coalbed Methane |  | Other Gas |  | Total E&P |  | Unallocated |  | Consolidated |
Natural Gas, NGLs and Oil Revenue | $ | 646,188 |  |  | $ | 217,020 |  |  | $ | 208,677 |  |  | $ | 53,339 |  |  | $ | 1,125,224 |  |  | $ | — |  |  | $ | 1,125,224 |  | (G)
Purchased Gas Revenue | — |  |  | — |  |  | — |  |  | 53,795 |  |  | 53,795 |  |  | — |  |  | 53,795 |  |
(Loss) Gain on Commodity Derivative Instruments | (30,336 | ) |  | 1,367 |  |  | (9,589 | ) |  | 245,488 |  |  | 206,930 |  |  | — |  |  | 206,930 |  |
Other Operating Income | — |  |  | — |  |  | — |  |  | 69,182 |  |  | 69,182 |  |  | — |  |  | 69,182 |  | (H)
Total Revenue and Other Operating Income | $ | 615,852 |  |  | $ | 218,387 |  |  | $ | 199,088 |  |  | $ | 421,804 |  |  | $ | 1,455,131 |  |  | $ | — |  |  | $ | 1,455,131 |  |
Earnings (Loss) From Continuing Operations Before Income Tax | $ | 91,436 |  |  | $ | 64,741 |  |  | $ | 20,346 |  |  | $ | (240,050 | ) |  | $ | (63,527 | ) |  | $ | 182,108 |  |  | $ | 118,581 |  |
Segment Assets |  |  |  |  |  |  |  |  | $ | 6,391,223 |  |  | $ | 540,690 |  |  | $ | 6,931,913 |  | (I)
Depreciation, Depletion and Amortization |  |  |  |  |  |  |  |  | $ | 412,036 |  |  | $ | — |  |  | $ | 412,036 |  |
Capital Expenditures |  |  |  |  |  |  |  |  | $ | 632,846 |  |  | $ | — |  |  | $ | 632,846 |  |
(G) | Included in Total Natural Gas, NGLs and Oil Revenue are sales of $153,656 to Direct Energy Business Marketing LLC and $147,595 to NJR Energy Services Company, each of which comprises over 10% of revenue from contracts with external customers for the period.
(H) | Includes equity in earnings of unconsolidated affiliates of $49,830 for Total E&P.
(I) Includes investments in unconsolidated equity affiliates of $197,921 for Total E&P. Reconciliation of Segment Information to Consolidated Amounts: Revenue and Other Operating Income:
|  | For the Years Ended December 31,
|  | 2019 |  | 2018 |  | 2017
Total Segment Revenue from Contracts with External Customers |  | $ | 1,532,666 |  |  | $ | 1,733,704 |  |  | $ | 1,179,019 |
Gain (Loss) on Commodity Derivative Instruments |  | 376,105 |  |  | (30,212 | ) |  | 206,930 |
Other Operating Income |  | 13,678 |  |  | 26,942 |  |  | 69,182 |
Total Consolidated Revenue and Other Operating Income |  | $ | 1,922,449 |  |  | $ | 1,730,434 |  |  | $ | 1,455,131 |
Earnings (Loss) From Continuing Operations Before Income Tax:
|  | For the Years Ended December 31,
|  | 2019 |  | 2018 |  | 2017
Segment Earnings (Loss) Before Income Taxes for Reportable Business Segments: |  |  |  |  |  |
E&P |  | $ | (140,443 | ) |  | $ | 244,616 |  |  | $ | (63,527 | )
Midstream |  | 166,654 |  |  | 133,811 |  |  | — |
Total Segment Earnings (Loss) Before Income Taxes for Reportable Business Segments |  | 26,211 |  |  | 378,427 |  |  | (63,527 | )
Unallocated Expenses: |  |  |  |  |  |
Other (Expense) Income |  | (1,396 | ) |  | 14,571 |  |  | (3,826 | )
Gain on Certain Asset Sales |  | 42,483 |  |  | 154,775 |  |  | 188,063 |
Gain on Previously Held Equity Interest |  | — |  |  | 623,663 |  |  | — |
Loss on Debt Extinguishment |  | (7,614 | ) |  | (54,118 | ) |  | (2,129 | )
Impairment of Other Intangible Assets |  | — |  |  | (18,650 | ) |  | — |
Earnings from Continuing Operations Before Income Tax |  | $ | 59,684 |  |  | $ | 1,098,668 |  |  | $ | 118,581 |
Total Assets:
|  | December 31,
| 2019 |  | 2018
Segment Assets for Total Reportable Business Segments: |  |  |  |
E&P |  | $ | 6,745,091 |  |  | $ | 6,518,597 |
Midstream |  | 2,230,676 |  |  | 1,919,117 |
Intercompany Eliminations |  | 6,331 |  |  | (12,223 | )
Items Excluded from Segment Assets: |  |  |  |
Cash and Cash Equivalents |  | 16,283 |  |  | 17,198 |
Recoverable Income Taxes |  | 62,425 |  |  | 149,481 |
Total Consolidated Assets |  | $ | 9,060,806 |  |  | $ | 8,592,170 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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