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Derivative Instruments (Tables) | 9 Months Ended
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Sep. 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:
| September 30, |  | December 31, |  | Forecasted to
| 2021 |  | 2020 |  | Settle Through
Natural Gas Commodity Swaps (Bcf) | 1,728.5 |  |  | 1,256.9 |  |  | 2027
Natural Gas Basis Swaps (Bcf) | 1,239.4 |  | * | 1,294.1 |  |  | 2027
Interest Rate Swaps | $ | 410,000 |  |  | $ | 569,972 |  |  | 2024
*Net of purchased natural gas basis swaps of 3.4 Bcf.
Schedule of Derivative Assets at Fair Value | The gross fair value of CNX's derivative instruments was as follows:
| September 30, |  | December 31,
| 2021 |  | 2020
Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | — |  |  | $ | 53,668 |
Basis Only Swaps | 83,841 |  |  | 30,848 |
Interest Rate Swaps | 29 |  |  | 141 |
Total Current Assets | $ | 83,870 |  |  | $ | 84,657 |
Other Non-Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 6,665 |  |  | $ | 134,661 |
Basis Only Swaps | 172,511 |  |  | 52,903 |
Interest Rate Swaps | — |  |  | 673 |
Total Other Non-Current Assets | $ | 179,176 |  |  | $ | 188,237 |
Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 1,133,730 |  |  | $ | 23,506 |
Basis Only Swaps | 31,413 |  |  | 14,491 |
Interest Rate Swaps | 3,454 |  |  | 4,332 |
Total Current Liabilities | $ | 1,168,597 |  |  | $ | 42,329 |
Non-Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 834,009 |  |  | $ | 59,388 |
Basis Only Swaps | 19,987 |  |  | 57,150 |
Interest Rate Swaps | 4,771 |  |  | 10,752 |
Total Non-Current Liabilities | $ | 858,767 |  |  | $ | 127,290 |
Schedule of Derivative Liabilities at Fair Value | The gross fair value of CNX's derivative instruments was as follows:
| September 30, |  | December 31,
| 2021 |  | 2020
Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | — |  |  | $ | 53,668 |
Basis Only Swaps | 83,841 |  |  | 30,848 |
Interest Rate Swaps | 29 |  |  | 141 |
Total Current Assets | $ | 83,870 |  |  | $ | 84,657 |
Other Non-Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 6,665 |  |  | $ | 134,661 |
Basis Only Swaps | 172,511 |  |  | 52,903 |
Interest Rate Swaps | — |  |  | 673 |
Total Other Non-Current Assets | $ | 179,176 |  |  | $ | 188,237 |
Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 1,133,730 |  |  | $ | 23,506 |
Basis Only Swaps | 31,413 |  |  | 14,491 |
Interest Rate Swaps | 3,454 |  |  | 4,332 |
Total Current Liabilities | $ | 1,168,597 |  |  | $ | 42,329 |
Non-Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 834,009 |  |  | $ | 59,388 |
Basis Only Swaps | 19,987 |  |  | 57,150 |
Interest Rate Swaps | 4,771 |  |  | 10,752 |
Total Non-Current Liabilities | $ | 858,767 |  |  | $ | 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 Nine Months Ended
|  | September 30, |  | September 30,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Cash (Paid) Received in Settlement of Commodity Derivative Instruments: |  |  |  |  |  |  |  |
Natural Gas: |  |  |  |  |  |  |  |
Commodity Swaps |  | $ | (161,887) |  |  | $ | 72,062 |  |  | $ | (171,829) |  |  | $ | 382,891 |
Basis Swaps |  | 30,796 |  |  | 18,248 |  |  | 32,784 |  |  | 836 |
Total Cash (Paid) Received in Settlement of Commodity Derivative Instruments |  | (131,091) |  |  | 90,310 |  |  | (139,045) |  |  | 383,727 |
Unrealized (Loss) Gain on Commodity Derivative Instruments: |  |  |  |  |  |  |  |
Natural Gas: |  |  |  |  |  |  |  |
Commodity Swaps |  | (1,339,362) |  |  | (369,121) |  |  | (2,066,509) |  |  | (550,694) |
Basis Swaps |  | (36,817) |  |  | 109,977 |  |  | 192,840 |  |  | 49,972 |
Total Unrealized Loss on Commodity Derivative Instruments |  | (1,376,179) |  |  | (259,144) |  |  | (1,873,669) |  |  | (500,722) |
(Loss) Gain on Commodity Derivative Instruments: |  |  |  |  |  |  |  |
Natural Gas: |  |  |  |  |  |  |  |
Commodity Swaps |  | (1,501,249) |  |  | (297,059) |  |  | (2,238,338) |  |  | (167,803) |
Basis Swaps |  | (6,021) |  |  | 128,225 |  |  | 225,624 |  |  | 50,808 |
Total Loss on Commodity Derivative Instruments |  | $ | (1,507,270) |  |  | $ | (168,834) |  |  | $ | (2,012,714) |  |  | $ | (116,995) |
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,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Cash Paid in Settlement of Interest Rate Swaps |  | $ | (2,154) |  |  | $ | (1,257) |  |  | $ | (4,621) |  |  | $ | (1,850) |
Unrealized Gain (Loss) on Interest Rate Swaps |  | 1,416 |  |  | (152) |  |  | 6,075 |  |  | (14,389) |
(Loss) Gain on Interest Rate Swaps |  | $ | (738) |  |  | $ | (1,409) |  |  | $ | 1,454 |  |  | $ | (16,239) |

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