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Derivative Instruments (Tables) | 12 Months Ended
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Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Notional Amounts of Outstanding Derivative Positions | The total notional amounts of CNX's derivative instruments were as follows:
| December 31, |  | Forecasted to
| 2023 |  | 2022 |  | Settle Through
Natural Gas Commodity Swaps (Bcf) | 1,349.2 |  |  | 1,607.9 |  |  | 2027
Natural Gas Basis Swaps (Bcf) | 760.3 |  |  | 1,023.7 |  |  | 2027
Propane Commodity Swaps (Mbbls) | 81.0 |  | $ | — |  |  | 2024
Interest Rate Swaps | $ | 410,000 |  |  | $ | 410,000 |  |  | 2024
Schedule of Derivative Liabilities at Fair Value | The gross fair value of CNX's derivative instruments was as follows:
| December 31,
| 2023 |  | 2022
Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 168,532 |  |  | $ | 21,759 |
Propane Swaps | 1,003 |  |  | — |
Basis Only Swaps | 77,540 |  |  | 118,115 |
Interest Rate Swaps | 5,449 |  |  | 14,600 |
Total Current Assets | $ | 252,524 |  |  | $ | 154,474 |
Other Non-Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 166,701 |  |  | $ | 42,786 |
Basis Only Swaps | 113,829 |  |  | 197,280 |
Interest Rate Swaps | — |  |  | 4,865 |
Total Other Non-Current Assets | $ | 280,530 |  |  | $ | 244,931 |
Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 47,279 |  |  | $ | 732,717 |
Basis Only Swaps | 9,473 |  |  | 38,559 |
Interest Rate Swaps | 4,350 |  |  | 11,377 |
Total Current Liabilities | $ | 61,102 |  |  | $ | 782,653 |
Non-Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 484,357 |  |  | $ | 1,466,124 |
Basis Only Swaps | 42,197 |  |  | 47,370 |
Interest Rate Swaps | — |  |  | 3,527 |
Total Non-Current Liabilities | $ | 526,554 |  |  | $ | 1,517,021 |
Schedule of Derivative Assets at Fair Value | The gross fair value of CNX's derivative instruments was as follows:
| December 31,
| 2023 |  | 2022
Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 168,532 |  |  | $ | 21,759 |
Propane Swaps | 1,003 |  |  | — |
Basis Only Swaps | 77,540 |  |  | 118,115 |
Interest Rate Swaps | 5,449 |  |  | 14,600 |
Total Current Assets | $ | 252,524 |  |  | $ | 154,474 |
Other Non-Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 166,701 |  |  | $ | 42,786 |
Basis Only Swaps | 113,829 |  |  | 197,280 |
Interest Rate Swaps | — |  |  | 4,865 |
Total Other Non-Current Assets | $ | 280,530 |  |  | $ | 244,931 |
Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 47,279 |  |  | $ | 732,717 |
Basis Only Swaps | 9,473 |  |  | 38,559 |
Interest Rate Swaps | 4,350 |  |  | 11,377 |
Total Current Liabilities | $ | 61,102 |  |  | $ | 782,653 |
Non-Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Commodity Swaps | $ | 484,357 |  |  | $ | 1,466,124 |
Basis Only Swaps | 42,197 |  |  | 47,370 |
Interest Rate Swaps | — |  |  | 3,527 |
Total Non-Current Liabilities | $ | 526,554 |  |  | $ | 1,517,021 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The effect of commodity derivative instruments on the Company's Consolidated Statements of Income was as follows:
| For the Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Realized Gain (Loss) on Commodity Derivative Instruments: |  |  |  |  |
Natural Gas Commodity Swaps | $ | 62,567 |  |  | $ | (1,971,287) |  |  | $ | (596,619) |
Natural Gas Basis Swaps | 98,582 |  |  | 158,510 |  |  | 57,603 |
Propane Swaps | 1,877 |  |  | — |  |  | — |
Total Realized Gain (Loss) on Commodity Derivative Instruments | 163,026 |  | * | (1,812,777) |  | ** | (539,016) |
Unrealized Gain (Loss) on Commodity Derivative Instruments: |  |  |  |  |
Natural Gas Commodity Swaps | 1,858,060 |  |  | (922,424) |  |  | (1,240,827) |
Natural Gas Basis Swaps | (93,222) |  |  | 71,426 |  |  | 147,110 |
Propane Swaps | 788 |  |  | — |  |  | — |
Total Unrealized Gain (Loss) on Commodity Derivative Instruments | 1,765,626 |  |  | (850,998) |  |  | (1,093,717) |
Gain (Loss) on Commodity Derivative Instruments: |  |  |  |  |
Natural Gas Commodity Swaps | 1,920,627 |  |  | (2,893,711) |  |  | (1,837,446) |
Natural Gas Basis Swaps | 5,360 |  |  | 229,936 |  |  | 204,713 |
Propane Swaps | 2,665 |  |  | — |  |  | — |
Total Gain (Loss) on Commodity Derivative Instruments | $ | 1,928,652 |  |  | $ | (2,663,775) |  |  | $ | (1,632,733) |
*Includes $6,741 of derivatives that have been settled but not received and $900 that have been settled but not paid at December 31, 2023, and excludes $77,662 of gas derivatives that were settled but not paid at December 31, 2022. **Includes $77,662 of gas derivatives that were settled but not paid at December 31, 2022. The effect of interest rate swaps on Interest Expense in the Company's Consolidated Statements of Income was as follows:
| For the Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Cash Received (Paid) in Settlement of Interest Rate Swaps | $ | 4,207 |  |  | $ | (1,572) |  |  | $ | (5,574) |
Unrealized (Loss) Gain on Interest Rate Swaps | (3,463) |  |  | 10,348 |  |  | 8,485 |
Gain on Interest Rate Swaps | $ | 744 |  |  | $ | 8,776 |  |  | $ | 2,911 |

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