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Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2021

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:

			March 31,						December 31,						Forecasted to
			2021						2020						Settle Through
Natural Gas Commodity Swaps (Bcf)			1,293.7						1,256.9						2026
Natural Gas Basis Swaps (Bcf)			1,220.8			*			1,294.1						2026
Interest Rate Swaps			$	564,514					$	569,972					2028

*Net of purchased natural gas basis swaps of 23.5 Bcf.

Schedule of Derivative Assets at Fair Value

The gross fair value of CNX's derivative instruments was as follows:

			March 31,						December 31,
			2021						2020
Current Assets:
Commodity Derivative Instruments:
Commodity Swaps			$	19,968					$	53,668
Basis Only Swaps			50,145						30,848
Interest Rate Swaps			138						141
Total Current Assets			$	70,251					$	84,657
Other Non-Current Assets:
Commodity Derivative Instruments:
Commodity Swaps			$	109,122					$	134,661
Basis Only Swaps			126,035						52,903
Interest Rate Swaps			538						673
Total Other Non-Current Assets			$	235,695					$	188,237
Current Liabilities:
Commodity Derivative Instruments:
Commodity Swaps			$	64,215					$	23,506
Basis Only Swaps			15,897						14,491
Interest Rate Swaps			3,650						4,332
Total Current Liabilities			$	83,762					$	42,329
Non-Current Liabilities:
Commodity Derivative Instruments:
Commodity Swaps			$	56,898					$	59,388
Basis Only Swaps			19,704						57,150
Interest Rate Swaps			7,103						10,752
Total Non-Current Liabilities			$	83,705					$	127,290

Schedule of Derivative Liabilities at Fair Value

The gross fair value of CNX's derivative instruments was as follows:

			March 31,						December 31,
			2021						2020
Current Assets:
Commodity Derivative Instruments:
Commodity Swaps			$	19,968					$	53,668
Basis Only Swaps			50,145						30,848
Interest Rate Swaps			138						141
Total Current Assets			$	70,251					$	84,657
Other Non-Current Assets:
Commodity Derivative Instruments:
Commodity Swaps			$	109,122					$	134,661
Basis Only Swaps			126,035						52,903
Interest Rate Swaps			538						673
Total Other Non-Current Assets			$	235,695					$	188,237
Current Liabilities:
Commodity Derivative Instruments:
Commodity Swaps			$	64,215					$	23,506
Basis Only Swaps			15,897						14,491
Interest Rate Swaps			3,650						4,332
Total Current Liabilities			$	83,762					$	42,329
Non-Current Liabilities:
Commodity Derivative Instruments:
Commodity Swaps			$	56,898					$	59,388
Basis Only Swaps			19,704						57,150
Interest Rate Swaps			7,103						10,752
Total Non-Current Liabilities			$	83,705					$	127,290

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
												March 31,
																		2021						2020
Cash Received (Paid) in Settlement of Commodity Derivative Instruments:
Natural Gas:
Commodity Swaps																		$	6,550					$	157,579
Basis Swaps																		(4,145)						(6,418)
Total Cash Received in Settlement of Commodity Derivative Instruments																		2,405						151,161
Unrealized (Loss) Gain on Commodity Derivative Instruments:
Natural Gas:
Commodity Swaps																		(97,459)						545
Basis Swaps																		128,468						(36,564)
Total Unrealized Gain (Loss) on Commodity Derivative Instruments																		31,009						(36,019)
(Loss) Gain on Commodity Derivative Instruments:
Natural Gas:
Commodity Swaps																		(90,909)						158,124
Basis Swaps																		124,323						(42,982)
Total Gain on Commodity Derivative Instruments																		$	33,414					$	115,142

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
												March 31,
																		2021						2020
Cash Paid in Settlement of Interest Rate Swaps																		$	(1,227)					$	(57)
Unrealized Gain (Loss) on Interest Rate Swaps																		4,194						(10,639)
Gain (Loss) on Interest Rate Swaps																		$	2,967					$	(10,696)

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