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Derivative Instruments (Tables) | 6 Months Ended
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Jun. 30, 2023
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
| 2023 |  | 2022 |  | Settle Through
Natural Gas Commodity Swaps (Bcf) | 1,538.3 |  |  | 1,607.9 |  |  | 2027
Natural Gas Basis Swaps (Bcf) | 929.0 |  |  | 1,023.7 |  |  | 2027
Propane Commodity Swaps (Mbbls) | 246.6 |  | — |  |  | 2024
Interest Rate Swaps | $ | 410,000 |  |  | $ | 410,000 |  |  | 2024
Schedule of Derivative Assets at Fair Value | The gross fair value of CNX's derivative instruments was as follows:
| June 30, |  | December 31,
| 2023 |  | 2022
Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 84,922 |  |  | $ | 21,759 |
Propane Swaps | 3,035 |  |  | — |
Basis Only Swaps | 124,990 |  |  | 118,115 |
Interest Rate Swaps | 14,065 |  |  | 14,600 |
Total Current Assets | $ | 227,012 |  |  | $ | 154,474 |
Other Non-Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 157,010 |  |  | $ | 42,786 |
Basis Only Swaps | 148,877 |  |  | 197,280 |
Interest Rate Swaps | — |  |  | 4,865 |
Total Other Non-Current Assets | $ | 305,887 |  |  | $ | 244,931 |
Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 208,440 |  |  | $ | 732,717 |
Basis Only Swaps | 21,793 |  |  | 38,559 |
Interest Rate Swaps | 10,641 |  |  | 11,377 |
Total Current Liabilities | $ | 240,874 |  |  | $ | 782,653 |
Non-Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 771,888 |  |  | $ | 1,466,124 |
Basis Only Swaps | 40,856 |  |  | 47,370 |
Interest Rate Swaps | — |  |  | 3,527 |
Total Non-Current Liabilities | $ | 812,744 |  |  | $ | 1,517,021 |
Schedule of Derivative Liabilities at Fair Value | The gross fair value of CNX's derivative instruments was as follows:
| June 30, |  | December 31,
| 2023 |  | 2022
Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 84,922 |  |  | $ | 21,759 |
Propane Swaps | 3,035 |  |  | — |
Basis Only Swaps | 124,990 |  |  | 118,115 |
Interest Rate Swaps | 14,065 |  |  | 14,600 |
Total Current Assets | $ | 227,012 |  |  | $ | 154,474 |
Other Non-Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 157,010 |  |  | $ | 42,786 |
Basis Only Swaps | 148,877 |  |  | 197,280 |
Interest Rate Swaps | — |  |  | 4,865 |
Total Other Non-Current Assets | $ | 305,887 |  |  | $ | 244,931 |
Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 208,440 |  |  | $ | 732,717 |
Basis Only Swaps | 21,793 |  |  | 38,559 |
Interest Rate Swaps | 10,641 |  |  | 11,377 |
Total Current Liabilities | $ | 240,874 |  |  | $ | 782,653 |
Non-Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 771,888 |  |  | $ | 1,466,124 |
Basis Only Swaps | 40,856 |  |  | 47,370 |
Interest Rate Swaps | — |  |  | 3,527 |
Total Non-Current Liabilities | $ | 812,744 |  |  | $ | 1,517,021 |
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,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Realized Gain (Loss) on Commodity Derivative Instruments: |  |  |  |  |  |  |  |
Natural Gas Commodity Swaps |  | $ | 83,395 |  |  | $ | (558,374) |  |  | $ | 33,469 |  |  | $ | (830,193) |
Natural Gas Basis Swaps |  | (4,455) |  |  | 27,983 |  |  | (15,561) |  |  | 28,961 |
Propane Swaps |  | 619 |  |  | — |  |  | 619 |  |  | — |
Total Realized Gain (Loss) on Commodity Derivative Instruments |  | 79,559 |  |  | (530,391) |  |  | 18,527 |  |  | (801,232) |
Unrealized Gain (Loss) on Commodity Derivative Instruments: |  |  |  |  |  |  |  |
Natural Gas Commodity Swaps |  | 326,127 |  |  | (197,309) |  |  | 1,306,963 |  |  | (1,851,422) |
Natural Gas Basis Swaps |  | 134,671 |  |  | 75,057 |  |  | (23,564) |  |  | 273,618 |
Propane Swaps |  | 2,115 |  |  | — |  |  | 2,713 |  |  | — |
Total Unrealized Gain (Loss) on Commodity Derivative Instruments |  | 462,913 |  |  | (122,252) |  |  | 1,286,112 |  |  | (1,577,804) |
Gain (Loss) on Commodity Derivative Instruments: |  |  |  |  |  |  |  |
Natural Gas Commodity Swaps |  | 409,522 |  |  | (755,683) |  |  | 1,340,432 |  |  | (2,681,615) |
Natural Gas Basis Swaps |  | 130,216 |  |  | 103,040 |  |  | (39,125) |  |  | 302,579 |
Propane Swaps |  | 2,734 |  |  | — |  |  | 3,332 |  |  | — |
Total Gain (Loss) on Commodity Derivative Instruments |  | $ | 542,472 |  |  | $ | (652,643) |  |  | $ | 1,304,639 |  |  | $ | (2,379,036) |
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,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Cash Received (Paid) in Settlement of Interest Rate Swaps |  | $ | 1,016 |  |  | $ | (763) |  |  | $ | 1,816 |  |  | $ | (1,700) |
Unrealized (Loss) Gain on Interest Rate Swaps |  | (176) |  |  | 2,131 |  |  | (1,137) |  |  | 7,353 |
Gain on Interest Rate Swaps |  | $ | 840 |  |  | $ | 1,368 |  |  | $ | 679 |  |  | $ | 5,653 |

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