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Derivative Instruments (Tables) | 9 Months Ended
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Sep. 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:
| September 30, |  | December 31, |  | Forecasted to
| 2020 |  | 2019 |  | Settle Through
Natural Gas Commodity Swaps (Bcf) | 1,280.9 |  | * | 1,460.6 |  |  | 2025
Natural Gas Basis Swaps (Bcf) | 1,311.8 |  | * | 1,290.4 |  |  | 2025
Interest Rate Swaps | $ | 575,625 |  |  | $ | 160,000 |  |  | 2028
*Net of purchased natural gas commodity swaps and natural gas basis swaps of 5.7 Bcf and 3.8 Bcf, respectively.
Schedule of Derivative Assets at Fair Value | The gross fair value of CNX's derivative instruments was as follows:
| September 30, |  | December 31,
| 2020 |  | 2019
Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 39,263 |  |  | $ | 234,238 |
Basis Only Swaps | 38,201 |  |  | 13,556 |
Interest Rate Swaps | 144 |  |  | — |
Total Current Assets | $ | 77,608 |  |  | $ | 247,794 |
Other Non-Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 118,210 |  |  | $ | 288,543 |
Basis Only Swaps | 41,060 |  |  | 25,553 |
Interest Rate Swaps | 828 |  |  | — |
Total Other Non-Current Assets | $ | 160,098 |  |  | $ | 314,096 |
Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 103,297 |  |  | $ | 345 |
Basis Only Swaps | 36,878 |  |  | 40,626 |
Interest Rate Swaps | 4,370 |  |  | 495 |
Total Current Liabilities | $ | 144,545 |  |  | $ | 41,466 |
Non-Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 92,125 |  |  | $ | 9,693 |
Basis Only Swaps | 99,373 |  |  | 105,445 |
Interest Rate Swaps | 12,211 |  |  | 724 |
Total Non-Current Liabilities | $ | 203,709 |  |  | $ | 115,862 |
Schedule of Derivative Liabilities at Fair Value | The gross fair value of CNX's derivative instruments was as follows:
| September 30, |  | December 31,
| 2020 |  | 2019
Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 39,263 |  |  | $ | 234,238 |
Basis Only Swaps | 38,201 |  |  | 13,556 |
Interest Rate Swaps | 144 |  |  | — |
Total Current Assets | $ | 77,608 |  |  | $ | 247,794 |
Other Non-Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 118,210 |  |  | $ | 288,543 |
Basis Only Swaps | 41,060 |  |  | 25,553 |
Interest Rate Swaps | 828 |  |  | — |
Total Other Non-Current Assets | $ | 160,098 |  |  | $ | 314,096 |
Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 103,297 |  |  | $ | 345 |
Basis Only Swaps | 36,878 |  |  | 40,626 |
Interest Rate Swaps | 4,370 |  |  | 495 |
Total Current Liabilities | $ | 144,545 |  |  | $ | 41,466 |
Non-Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 92,125 |  |  | $ | 9,693 |
Basis Only Swaps | 99,373 |  |  | 105,445 |
Interest Rate Swaps | 12,211 |  |  | 724 |
Total Non-Current Liabilities | $ | 203,709 |  |  | $ | 115,862 |
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position | The effect of commodity derivative instruments on the Company's Consolidated Statements of Income was as follows:
|  | For the Three Months Ended |  | For the Nine Months Ended
|  | September 30, |  | September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Cash Received (Paid) in Settlement of Commodity Derivative Instruments: |  |  |  |  |  |  |  |
Natural Gas: |  |  |  |  |  |  |  |
Commodity Swaps |  | $ | 72,062 |  |  | $ | 61,441 |  |  | $ | 382,891 |  |  | $ | 53,058 |
Basis Swaps |  | 18,248 |  |  | (4,400) |  |  | 836 |  |  | (26,727) |
Total Cash Received in Settlement of Commodity Derivative Instruments |  | 90,310 |  |  | 57,041 |  |  | 383,727 |  |  | 26,331 |
Unrealized (Loss) Gain on Commodity Derivative Instruments: |  |  |  |  |  |  |  |
Natural Gas: |  |  |  |  |  |  |  |
Commodity Swaps |  | (369,121) |  |  | 126,617 |  |  | (550,694) |  |  | 302,701 |
Basis Swaps |  | 109,977 |  |  | 30,255 |  |  | 49,972 |  |  | (88,914) |
Total Unrealized (Loss) Gain on Commodity Derivative Instruments |  | (259,144) |  |  | 156,872 |  |  | (500,722) |  |  | 213,787 |
(Loss) Gain on Commodity Derivative Instruments: |  |  |  |  |  |  |  |
Natural Gas: |  |  |  |  |  |  |  |
Commodity Swaps |  | (297,059) |  |  | 188,058 |  |  | (167,803) |  |  | 355,759 |
Basis Swaps |  | 128,225 |  |  | 25,855 |  |  | 50,808 |  |  | (115,641) |
Total (Loss) Gain on Commodity Derivative Instruments |  | $ | (168,834) |  |  | $ | 213,913 |  |  | $ | (116,995) |  |  | $ | 240,118 |
The effect of interest rate swaps on Interest Expense in the Company's Consolidated Statements of Income was as follows:
|  | For the Three Months Ended |  | For the Nine Months Ended
|  | September 30, |  | September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Cash (Paid) Received in Settlement of Interest Rate Swaps |  | $ | (1,257) |  |  | $ | 195 |  |  | $ | (1,850) |  |  | $ | 195 |
Unrealized Loss on Interest Rate Swaps |  | (152) |  |  | (713) |  |  | (14,389) |  |  | (1,774) |
Loss on Interest Rate Swaps |  | $ | (1,409) |  |  | $ | (518) |  |  | $ | (16,239) |  |  | $ | (1,579) |

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