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Derivative Instruments (Tables) | 9 Months Ended
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Sep. 30, 2022
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
| 2022 |  | 2021 |  | Settle Through
Natural Gas Commodity Swaps (Bcf) | 1,662.8 |  |  | 1,686.1 |  |  | 2027
Natural Gas Basis Swaps (Bcf) | 1,052.7 |  | * | 1,233.3 |  |  | 2027
Interest Rate Swaps | $ | 410,000 |  |  | $ | 410,000 |  |  | 2024
*Net of purchased natural gas basis swaps of 2.3 Bcf.
Schedule of Derivative Assets at Fair Value | The gross fair value of CNX's derivative instruments was as follows:
| September 30, |  | December 31,
| 2022 |  | 2021
Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 3,465 |  |  | $ | 92 |
Basis Only Swaps | 184,556 |  |  | 94,682 |
Interest Rate Swaps | 12,577 |  |  | 228 |
Total Current Assets | $ | 200,598 |  |  | $ | 95,002 |
Other Non-Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 26,051 |  |  | $ | 12,419 |
Basis Only Swaps | 225,138 |  |  | 119,077 |
Interest Rate Swaps | 7,350 |  |  | 498 |
Total Other Non-Current Assets | $ | 258,539 |  |  | $ | 131,994 |
Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 1,356,538 |  |  | $ | 505,460 |
Basis Only Swaps | 41,293 |  |  | 13,206 |
Interest Rate Swaps | 10,061 |  |  | 2,932 |
Total Current Liabilities | $ | 1,407,892 |  |  | $ | 521,598 |
Non-Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 1,959,805 |  |  | $ | 642,442 |
Basis Only Swaps | 46,916 |  |  | 41,332 |
Interest Rate Swaps | 5,605 |  |  | 3,580 |
Total Non-Current Liabilities | $ | 2,012,326 |  |  | $ | 687,354 |
Schedule of Derivative Liabilities at Fair Value | The gross fair value of CNX's derivative instruments was as follows:
| September 30, |  | December 31,
| 2022 |  | 2021
Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 3,465 |  |  | $ | 92 |
Basis Only Swaps | 184,556 |  |  | 94,682 |
Interest Rate Swaps | 12,577 |  |  | 228 |
Total Current Assets | $ | 200,598 |  |  | $ | 95,002 |
Other Non-Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 26,051 |  |  | $ | 12,419 |
Basis Only Swaps | 225,138 |  |  | 119,077 |
Interest Rate Swaps | 7,350 |  |  | 498 |
Total Other Non-Current Assets | $ | 258,539 |  |  | $ | 131,994 |
Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 1,356,538 |  |  | $ | 505,460 |
Basis Only Swaps | 41,293 |  |  | 13,206 |
Interest Rate Swaps | 10,061 |  |  | 2,932 |
Total Current Liabilities | $ | 1,407,892 |  |  | $ | 521,598 |
Non-Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 1,959,805 |  |  | $ | 642,442 |
Basis Only Swaps | 46,916 |  |  | 41,332 |
Interest Rate Swaps | 5,605 |  |  | 3,580 |
Total Non-Current Liabilities | $ | 2,012,326 |  |  | $ | 687,354 |
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,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Realized (Loss) Gain on Commodity Derivative Instruments: |  |  |  |  |  |  |  |
Natural Gas: |  |  |  |  |  |  |  |
Commodity Swaps |  | $ | (690,685) |  |  | $ | (161,887) |  |  | $ | (1,520,879) |  |  | $ | (171,829) |
Basis Swaps |  | 39,486 |  |  | 30,796 |  |  | 68,447 |  |  | 32,784 |
Total Realized Loss on Commodity Derivative Instruments |  | (651,199) |  |  | (131,091) |  |  | (1,452,432) |  |  | (139,045) |
Unrealized (Loss) Gain on Commodity Derivative Instruments: |  |  |  |  |  |  |  |
Natural Gas: |  |  |  |  |  |  |  |
Commodity Swaps |  | (300,013) |  |  | (1,339,362) |  |  | (2,151,435) |  |  | (2,066,509) |
Basis Swaps |  | (111,141) |  |  | (36,817) |  |  | 162,478 |  |  | 192,840 |
Total Unrealized Loss on Commodity Derivative Instruments |  | (411,154) |  |  | (1,376,179) |  |  | (1,988,957) |  |  | (1,873,669) |
(Loss) Gain on Commodity Derivative Instruments: |  |  |  |  |  |  |  |
Natural Gas: |  |  |  |  |  |  |  |
Commodity Swaps |  | (990,698) |  |  | (1,501,249) |  |  | (3,672,314) |  |  | (2,238,338) |
Basis Swaps |  | (71,655) |  |  | (6,021) |  |  | 230,925 |  |  | 225,624 |
Total Loss on Commodity Derivative Instruments |  | $ | (1,062,353) |  |  | $ | (1,507,270) |  |  | $ | (3,441,389) |  |  | $ | (2,012,714) |
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,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Cash Paid in Settlement of Interest Rate Swaps |  | $ | (234) |  |  | $ | (2,154) |  |  | $ | (1,934) |  |  | $ | (4,621) |
Unrealized Gain on Interest Rate Swaps |  | 2,694 |  |  | 1,416 |  |  | 10,047 |  |  | 6,075 |
Gain (Loss) on Interest Rate Swaps |  | $ | 2,460 |  |  | $ | (738) |  |  | $ | 8,113 |  |  | $ | 1,454 |

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