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Segment Information
 3 Months Ended
Mar. 31, 2024
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 conduct 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, New Technologies, 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 March 31, 2024 are:
ShaleCoalbed MethaneOtherConsolidated
Natural Gas, NGLs and Oil Revenue$292,762 $32,863 $347 $325,972 (A)
Purchased Gas Revenue— — 14,277 14,277   
Gain (Loss) on Commodity Derivative Instruments 50,779 3,846 (47,097)7,528 
Other Revenue and Operating Income15,894 — 20,882 36,776 (B)
Total Revenue and Other Operating Income (Loss)$359,435 $36,709 $(11,591)$384,553   
Total Operating Expense$198,106 $37,004 $83,741 $318,851 
Earnings (Loss) Before Income Tax$161,329 $(295)$(154,715)$6,319 
Segment Assets$6,667,562 $939,781 $1,049,299 $8,656,642 (C)
Depreciation, Depletion and Amortization$99,476 $14,273 $4,901 $118,650   
Capital Expenditures$152,874 $8,668 $6,642 $168,184   

(A)    Included in Natural Gas, NGLs and Oil Revenue are sales of $42,909 to NRG Business Marketing LLC (formerly Direct Energy Business Marketing LLC), which comprises over 10% of revenue from contracts with external customers for the period.
(B)    Includes midstream revenue of $15,894 and equity in loss of unconsolidated affiliates of $250 for Shale and Other, respectively. Other also includes sales of environmental attributes of $12,769.
(C)    Other includes investments in unconsolidated equity affiliates of $13,631.


Industry segment results for the three months ended March 31, 2023 are:
ShaleCoalbed MethaneOtherConsolidated
Natural Gas, NGLs and Oil Revenue$407,198 $48,036 $405 $455,639 (D)
Purchased Gas Revenue— — 36,812 36,812   
(Loss) Gain on Commodity Derivative Instruments (56,336)(4,672)823,175 762,167 
Other Revenue and Operating Income16,754 — 4,605 21,359 (E)
Total Revenue and Other Operating Income $367,616 $43,364 $864,997 $1,275,977   
Total Operating Expense$188,117 $36,420 $96,062 $320,599 
Earnings Before Income Tax$179,499 $6,944 $741,513 $927,956 
Segment Assets$6,536,697 $955,280 $848,168 $8,340,145 (F)
Depreciation, Depletion and Amortization$88,110 $12,447 $4,665 $105,222   
Capital Expenditures$159,349 $9,459 $1,220 $170,028   

(D)    Included in Natural Gas, NGLs and Oil Revenue are sales of $55,101 to Direct Energy Business Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period.
(E)    Includes midstream revenue of $16,754 and equity in earnings of unconsolidated affiliates of $114 for Shale and Other, respectively.
(F)    Other includes investments in unconsolidated equity affiliates of $11,828.
Reconciliation of Segment Information to Consolidated Amounts:

Revenue and Other Operating Income
For the Three Months Ended March 31,
20242023
Total Segment Revenue from Contracts with External Customers$356,143 $509,205 
Gain on Commodity Derivative Instruments7,528 762,167 
Other Operating Income20,882 4,605 
Total Consolidated Revenue and Other Operating Income $384,553 $1,275,977