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Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 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:

			June 30,						December 31,						Forecasted to
			2021						2020						Settle Through
Natural Gas Commodity Swaps (Bcf)			1,623.0						1,256.9						2027
Natural Gas Basis Swaps (Bcf)			1,288.7			*			1,294.1						2027
Interest Rate Swaps			$	558,899					$	569,972					2028

*Net of purchased natural gas basis swaps of 13.5 Bcf.

Schedule of Derivative Assets at Fair Value

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

			June 30,						December 31,
			2021						2020
Current Assets:
Commodity Derivative Instruments:
Commodity Swaps			$	576					$	53,668
Basis Only Swaps			106,921						30,848
Interest Rate Swaps			128						141
Total Current Assets			$	107,625					$	84,657
Other Non-Current Assets:
Commodity Derivative Instruments:
Commodity Swaps			$	30,055					$	134,661
Basis Only Swaps			173,957						52,903
Interest Rate Swaps			447						673
Total Other Non-Current Assets			$	204,459					$	188,237
Current Liabilities:
Commodity Derivative Instruments:
Commodity Swaps			$	393,982					$	23,506
Basis Only Swaps			18,103						14,491
Interest Rate Swaps			3,689						4,332
Total Current Liabilities			$	415,774					$	42,329
Non-Current Liabilities:
Commodity Derivative Instruments:
Commodity Swaps			$	258,360					$	59,388
Basis Only Swaps			21,007						57,150
Interest Rate Swaps			6,498						10,752
Total Non-Current Liabilities			$	285,865					$	127,290

Schedule of Derivative Liabilities at Fair Value

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

			June 30,						December 31,
			2021						2020
Current Assets:
Commodity Derivative Instruments:
Commodity Swaps			$	576					$	53,668
Basis Only Swaps			106,921						30,848
Interest Rate Swaps			128						141
Total Current Assets			$	107,625					$	84,657
Other Non-Current Assets:
Commodity Derivative Instruments:
Commodity Swaps			$	30,055					$	134,661
Basis Only Swaps			173,957						52,903
Interest Rate Swaps			447						673
Total Other Non-Current Assets			$	204,459					$	188,237
Current Liabilities:
Commodity Derivative Instruments:
Commodity Swaps			$	393,982					$	23,506
Basis Only Swaps			18,103						14,491
Interest Rate Swaps			3,689						4,332
Total Current Liabilities			$	415,774					$	42,329
Non-Current Liabilities:
Commodity Derivative Instruments:
Commodity Swaps			$	258,360					$	59,388
Basis Only Swaps			21,007						57,150
Interest Rate Swaps			6,498						10,752
Total Non-Current Liabilities			$	285,865					$	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												For the Six Months Ended
						June 30,												June 30,
						2021						2020						2021						2020
Cash (Paid) Received in Settlement of Commodity Derivative Instruments:
Natural Gas:
Commodity Swaps						$	(16,492)					$	153,149					$	(9,942)					$	310,728
Basis Swaps						6,133						(10,893)						1,988						(17,311)
Total Cash (Paid) Received in Settlement of Commodity Derivative Instruments						(10,359)						142,256						(7,954)						293,417
Unrealized (Loss) Gain on Commodity Derivative Instruments:
Natural Gas:
Commodity Swaps						(629,688)						(182,119)						(727,147)						(181,573)
Basis Swaps						101,188						(23,440)						229,656						(60,005)
Total Unrealized Loss on Commodity Derivative Instruments						(528,500)						(205,559)						(497,491)						(241,578)
(Loss) Gain on Commodity Derivative Instruments:
Natural Gas:
Commodity Swaps						(646,180)						(28,970)						(737,089)						129,155
Basis Swaps						107,321						(34,333)						231,644						(77,316)
Total (Loss) Gain on Commodity Derivative Instruments						$	(538,859)					$	(63,303)					$	(505,445)					$	51,839

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 Six Months Ended
						June 30,												June 30,
						2021						2020						2021						2020
Cash Paid in Settlement of Interest Rate Swaps						$	(1,240)					$	(536)					$	(2,467)					$	(592)
Unrealized Gain (Loss) on Interest Rate Swaps						465						(3,598)						4,659						(14,237)
(Loss) Gain on Interest Rate Swaps						$	(775)					$	(4,134)					$	2,192					$	(14,829)

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