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Segment Information | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION: The Company reports segment information based on the "management" approach. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of the Company’s reportable segments. The Company evaluates the performance of its reportable segments based on total revenue and other operating income, and operating expenses directly attributable to that segment. Certain expenses are managed outside the reportable segments and therefore are not allocated. These expenses include, but are not limited to, interest expense and other corporate expenses such as selling, general and administrative costs. CNX's principal activity is to produce pipeline quality natural gas for sale primarily to gas wholesalers and the Company has two reportable segments that conducts those operations: Shale and Coalbed Methane. The Other Segment includes nominal shallow oil and gas production which is not significant to the Company. It also includes the Company's purchased gas activities, unrealized gain or loss on commodity derivative instruments, exploration and production related other costs, as well as various other expenses that are managed outside the reportable segments as discussed above. Operating profit for each segment is based on sales less identifiable operating and non-operating expenses. Industry segment results for the three months ended September 30, 2022 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 1,029,854 |  |  | $ | 96,360 |  |  | $ | 1,127 |  |  | $ | 1,127,341 |  |  |  |  |  |  |  |  |  | (A)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 31,738 |  |  | 31,738 |  |  |  |  |  |  |  |  |  |
Loss on Commodity Derivative Instruments |  |  | (601,979) |  |  | (48,945) |  |  | (411,429) |  |  | (1,062,353) |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 16,388 |  |  | — |  |  | 3,947 |  |  | 20,335 |  |  |  |  |  |  |  |  |  | (B)
Total Revenue and Other Operating Income (Loss) |  |  | $ | 444,263 |  |  | $ | 47,415 |  |  | $ | (374,617) |  |  | $ | 117,061 |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 205,866 |  |  | $ | 33,399 |  |  | $ | 86,208 |  |  | $ | 325,473 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 238,397 |  |  | $ | 14,016 |  |  | $ | (519,128) |  |  | $ | (266,715) |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,397,404 |  |  | $ | 1,269,492 |  |  | $ | 966,230 |  |  | $ | 8,633,126 |  |  |  |  |  |  |  |  |  | (C)
Depreciation, Depletion and Amortization |  |  | $ | 97,121 |  |  | $ | 12,946 |  |  | $ | 4,100 |  |  | $ | 114,167 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 129,302 |  |  | $ | 3,038 |  |  | $ | 1,213 |  |  | $ | 133,553 |  |  |  |  |  |  |  |  |  |
(A) Included in Total Natural Gas, NGLs and Oil Revenue are sales of $138,349 to Direct Energy Business Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period. (B) Includes midstream revenue of $16,388 and equity in earnings of unconsolidated affiliates of $854 for Shale and Other, respectively. (C) Includes investments in unconsolidated equity affiliates of $13,332. Industry segment results for the three months ended September 30, 2021 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 536,412 |  |  | $ | 49,107 |  |  | $ | 396 |  |  | $ | 585,915 |  |  |  |  |  |  |  |  |  | (D)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 16,311 |  |  | 16,311 |  |  |  |  |  |  |  |  |  |
Loss on Commodity Derivative Instruments |  |  | (119,429) |  |  | (11,620) |  |  | (1,376,221) |  |  | (1,507,270) |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 19,050 |  |  | — |  |  | 5,733 |  |  | 24,783 |  |  |  |  |  |  |  |  |  | (E)
Total Revenue and Other Operating Income (Loss) |  |  | $ | 436,033 |  |  | $ | 37,487 |  |  | $ | (1,353,781) |  |  | $ | (880,261) |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 206,703 |  |  | $ | 30,124 |  |  | $ | 68,031 |  |  | $ | 304,858 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 229,330 |  |  | $ | 7,363 |  |  | $ | (1,469,140) |  |  | $ | (1,232,447) |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,076,533 |  |  | $ | 1,057,543 |  |  | $ | 1,094,077 |  |  | $ | 8,228,153 |  |  |  |  |  |  |  |  |  | (F)
Depreciation, Depletion and Amortization |  |  | $ | 111,643 |  |  | $ | 14,031 |  |  | $ | 4,060 |  |  | $ | 129,734 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 94,317 |  |  | $ | 2,105 |  |  | $ | 341 |  |  | $ | 96,763 |  |  |  |  |  |  |  |  |  |
(D) Included in Total Natural Gas, NGLs and Oil Revenue are sales of $93,499 to Citadel Energy Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period. (E) Includes midstream revenue of $19,050 and equity in earnings of unconsolidated affiliates of $995 for Shale and Other, respectively. (F) Includes investments in unconsolidated equity affiliates of $17,020. Industry segment results for the nine months ended September 30, 2022 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 2,633,934 |  |  | $ | 239,316 |  |  | $ | 2,121 |  |  | $ | 2,875,371 |  |  |  |  |  |  |  |  |  | (G)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 124,132 |  |  | 124,132 |  |  |  |  |  |  |  |  |  |
Loss on Commodity Derivative Instruments |  |  | (1,340,463) |  |  | (111,446) |  |  | (1,989,480) |  |  | (3,441,389) |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 52,035 |  |  | — |  |  | 14,232 |  |  | 66,267 |  |  |  |  |  |  |  |  |  | (H)
Total Revenue and Other Operating Income (Loss) |  |  | $ | 1,345,506 |  |  | $ | 127,870 |  |  | $ | (1,848,995) |  |  | $ | (375,619) |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 593,179 |  |  | $ | 95,449 |  |  | $ | 289,840 |  |  | $ | 978,468 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 752,327 |  |  | $ | 32,421 |  |  | $ | (2,253,045) |  |  | $ | (1,468,297) |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,397,404 |  |  | $ | 1,269,492 |  |  | $ | 966,230 |  |  | $ | 8,633,126 |  |  |  |  |  |  |  |  |  | (I)
Depreciation, Depletion and Amortization |  |  | $ | 294,475 |  |  | $ | 39,222 |  |  | $ | 15,273 |  |  | $ | 348,970 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 379,381 |  |  | $ | 8,959 |  |  | $ | 4,197 |  |  | $ | 392,537 |  |  |  |  |  |  |  |  |  |
(G) Included in Total Natural Gas, NGLs and Oil Revenue are sales of $351,649 to Direct Energy Business Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period. (H) Includes midstream revenue of $52,035 and equity in earnings of unconsolidated affiliates of $3,031 for Shale and Other, respectively. (I) Includes investments in unconsolidated equity affiliates of $13,332. Industry segment results for the nine months ended September 30, 2021 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 1,211,239 |  |  | $ | 124,516 |  |  | $ | 833 |  |  | $ | 1,336,588 |  |  |  |  |  |  |  |  |  | (J)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 66,500 |  |  | 66,500 |  |  |  |  |  |  |  |  |  |
Loss on Commodity Derivative Instruments |  |  | (126,641) |  |  | (12,359) |  |  | (1,873,714) |  |  | (2,012,714) |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 56,795 |  |  | — |  |  | 18,432 |  |  | 75,227 |  |  |  |  |  |  |  |  |  | (K)
Total Revenue and Other Operating Income (Loss) |  |  | $ | 1,141,393 |  |  | $ | 112,157 |  |  | $ | (1,787,949) |  |  | $ | (534,399) |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 587,409 |  |  | $ | 86,883 |  |  | $ | 211,080 |  |  | $ | 885,372 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 553,984 |  |  | $ | 25,274 |  |  | $ | (2,122,478) |  |  | $ | (1,543,220) |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,076,533 |  |  | $ | 1,057,543 |  |  | $ | 1,094,077 |  |  | $ | 8,228,153 |  |  |  |  |  |  |  |  |  | (L)
Depreciation, Depletion and Amortization |  |  | $ | 325,529 |  |  | $ | 43,779 |  |  | $ | 11,976 |  |  | $ | 381,284 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 342,665 |  |  | $ | 5,749 |  |  | $ | 736 |  |  | $ | 349,150 |  |  |  |  |  |  |  |  |  |
(J) Included in Total Natural Gas, NGLs and Oil Revenue are sales of $193,964 to Citadel Energy marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period. (K) Includes midstream revenue of $56,795 and equity in earnings of unconsolidated affiliates of $3,499 for Shale and Other, respectively. (L) Includes investments in unconsolidated equity affiliates of $17,020. Reconciliation of Segment Information to Consolidated Amounts: Revenue and Other Operating Income (Loss)
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
2022 |  | 2021 |  | 2022 |  | 2021
Total Segment Revenue from Contracts with External Customers | $ | 1,175,467 |  |  | $ | 621,276 |  |  | $ | 3,051,538 |  |  | $ | 1,459,883 |
Loss on Commodity Derivative Instruments | (1,062,353) |  |  | (1,507,270) |  |  | (3,441,389) |  |  | (2,012,714) |
Other Operating Income | 3,947 |  |  | 5,733 |  |  | 14,232 |  |  | 18,432 |
Total Consolidated Revenue and Other Operating Income (Loss) | $ | 117,061 |  |  | $ | (880,261) |  |  | $ | (375,619) |  |  | $ | (534,399) |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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