XML 49 R37.htm IDEA: XBRL DOCUMENT v3.23.2

Derivative Instruments (Tables)

6 Months Ended

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

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of derivative assets at fair value.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDerivativeAssetsAtFairValueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of derivative liabilities at fair value.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDerivativeLiabilitiesAtFairValueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A

+ Details

Name:	us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the notional amounts of outstanding derivative positions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-1A

+ Details

Name:	us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration