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Derivative Instruments (Tables)

9 Months Ended

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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