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Derivative Instruments (Tables) | 6 Months Ended
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Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Notional Amounts of Derivative Instruments | The total notional amounts of CNX's derivative instruments were as follows:
| June 30, |  | December 31, |  | Forecasted to
| 2020 |  | 2019 |  | Settle Through
Natural Gas Commodity Swaps (Bcf) | 1,248.5 |  | * | 1,460.6 |  |  | 2025
Natural Gas Basis Swaps (Bcf) | 1,179.4 |  | * | 1,290.4 |  |  | 2025
Interest Rate Swaps | $ | 581,218 |  |  | $ | 160,000 |  |  | 2028
*Net of purchased natural gas commodity swaps and natural gas basis swaps of 21.9 Bcf and 12.7 Bcf, respectively.
Schedule of Derivative Assets at Fair Value | The gross fair value of CNX's derivative instruments was as follows:
| June 30, |  | December 31,
| 2020 |  | 2019
Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 187,567 |  |  | $ | 234,238 |
Basis Only Swaps | 10,032 |  |  | 13,556 |
Interest Rate Swaps | 205 |  |  | — |
Total Current Assets | $ | 197,804 |  |  | $ | 247,794 |
Other Non-Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 197,584 |  |  | $ | 288,543 |
Basis Only Swaps | 13,851 |  |  | 25,553 |
Interest Rate Swaps | 1,222 |  |  | — |
Total Other Non-Current Assets | $ | 212,657 |  |  | $ | 314,096 |
Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 24,675 |  |  | $ | 345 |
Basis Only Swaps | 54,711 |  |  | 40,626 |
Interest Rate Swaps | 4,141 |  |  | 495 |
Total Current Liabilities | $ | 83,527 |  |  | $ | 41,466 |
Non-current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 29,305 |  |  | $ | 9,693 |
Basis Only Swaps | 136,140 |  |  | 105,445 |
Interest Rate Swaps | 12,742 |  |  | 724 |
Total Non-current Liabilities | $ | 178,187 |  |  | $ | 115,862 |
Schedule of Derivative Liabilities at Fair Value | The gross fair value of CNX's derivative instruments was as follows:
| June 30, |  | December 31,
| 2020 |  | 2019
Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 187,567 |  |  | $ | 234,238 |
Basis Only Swaps | 10,032 |  |  | 13,556 |
Interest Rate Swaps | 205 |  |  | — |
Total Current Assets | $ | 197,804 |  |  | $ | 247,794 |
Other Non-Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 197,584 |  |  | $ | 288,543 |
Basis Only Swaps | 13,851 |  |  | 25,553 |
Interest Rate Swaps | 1,222 |  |  | — |
Total Other Non-Current Assets | $ | 212,657 |  |  | $ | 314,096 |
Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 24,675 |  |  | $ | 345 |
Basis Only Swaps | 54,711 |  |  | 40,626 |
Interest Rate Swaps | 4,141 |  |  | 495 |
Total Current Liabilities | $ | 83,527 |  |  | $ | 41,466 |
Non-current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 29,305 |  |  | $ | 9,693 |
Basis Only Swaps | 136,140 |  |  | 105,445 |
Interest Rate Swaps | 12,742 |  |  | 724 |
Total Non-current Liabilities | $ | 178,187 |  |  | $ | 115,862 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The effect of commodity derivative instruments on the Company's Consolidated Statements of Income was as follows:
|  | For the Three Months Ended |  |  |  | For the Six Months Ended |  |
|  | June 30, |  |  |  | June 30, |  |
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Cash Received (Paid) in Settlement of Commodity Derivative Instruments: |  |  |  |  |  |  |  |
Natural Gas: |  |  |  |  |  |  |  |
Commodity Swaps |  | $ | 153,149 |  |  | $ | 18,567 |  |  | $ | 310,728 |  |  | $ | (8,383) |
Basis Swaps |  | (10,893) |  |  | (7,895) |  |  | (17,311) |  |  | (22,327) |
Total Cash Received (Paid) in Settlement of Commodity Derivative Instruments |  | 142,256 |  |  | 10,672 |  |  | 293,417 |  |  | (30,710) |
Unrealized (Loss) Gain on Commodity Derivative Instruments: |  |  |  |  |  |  |  |
Natural Gas: |  |  |  |  |  |  |  |
Commodity Swaps |  | (182,119) |  |  | 226,845 |  |  | (181,573) |  |  | 176,084 |
Basis Swaps |  | (23,440) |  |  | (15,936) |  |  | (60,005) |  |  | (119,169) |
Total Unrealized (Loss) Gain on Commodity Derivative Instruments |  | (205,559) |  |  | 210,909 |  |  | (241,578) |  |  | 56,915 |
(Loss) Gain on Commodity Derivative Instruments: |  |  |  |  |  |  |  |
Natural Gas: |  |  |  |  |  |  |  |
Commodity Swaps |  | (28,970) |  |  | 245,412 |  |  | 129,155 |  |  | 167,701 |
Basis Swaps |  | (34,333) |  |  | (23,831) |  |  | (77,316) |  |  | (141,496) |
Total (Loss) Gain on Commodity Derivative Instruments |  | $ | (63,303) |  |  | $ | 221,581 |  |  | $ | 51,839 |  |  | $ | 26,205 |

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