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Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2024

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:

			March 31,						December 31,						Forecasted to
			2024						2023						Settle Through
Natural Gas Commodity Swaps (Bcf)			1,245.6						1,349.2						2027
Natural Gas Basis Swaps (Bcf)			710.6						760.3						2027
NGL Commodity Swaps (Mbbls)			1,131.5						81.0						2025
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:

			March 31,						December 31,
			2024						2023
Current Assets:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	252,205					$	168,532
NGL Commodity Swaps			192						1,003
Natural Gas Basis Swaps			36,800						77,540
Interest Rate Swaps			974						5,449
Total Current Assets			$	290,171					$	252,524
Other Non-Current Assets:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	145,589					$	166,701
Natural Gas Basis Swaps			78,352						113,829
Interest Rate Swaps			—						—
Total Other Non-Current Assets			$	223,941					$	280,530
Current Liabilities:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	84,663					$	47,279
NGL Commodity Swaps			1,075						—
Natural Gas Basis Swaps			30,577						9,473
Interest Rate Swaps			1,085						4,350
Total Current Liabilities			$	117,400					$	61,102
Non-Current Liabilities:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	429,198					$	484,357
Natural Gas Basis Swaps			46,391						42,197
Interest Rate Swaps			—						—
Total Non-Current Liabilities			$	475,589					$	526,554

Schedule of Derivative Liabilities at Fair Value

The gross fair value of CNX's derivative instruments was as follows:

			March 31,						December 31,
			2024						2023
Current Assets:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	252,205					$	168,532
NGL Commodity Swaps			192						1,003
Natural Gas Basis Swaps			36,800						77,540
Interest Rate Swaps			974						5,449
Total Current Assets			$	290,171					$	252,524
Other Non-Current Assets:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	145,589					$	166,701
Natural Gas Basis Swaps			78,352						113,829
Interest Rate Swaps			—						—
Total Other Non-Current Assets			$	223,941					$	280,530
Current Liabilities:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	84,663					$	47,279
NGL Commodity Swaps			1,075						—
Natural Gas Basis Swaps			30,577						9,473
Interest Rate Swaps			1,085						4,350
Total Current Liabilities			$	117,400					$	61,102
Non-Current Liabilities:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	429,198					$	484,357
Natural Gas Basis Swaps			46,391						42,197
Interest Rate Swaps			—						—
Total Non-Current Liabilities			$	475,589					$	526,554

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
												March 31,
																		2024						2023
Realized Gain (Loss) on Commodity Derivative Instruments:
Natural Gas Commodity Swaps																		$	60,309					$	(49,926)
Natural Gas Basis Swaps																		(5,720)						(11,106)
NGL Commodity Swaps																		64						—
Total Realized Gain (Loss) on Commodity Derivative Instruments																		54,653			*			(61,032)			**
Unrealized Gain (Loss) on Commodity Derivative Instruments:
Natural Gas Commodity Swaps																		50,513						980,836
Natural Gas Basis Swaps																		(95,921)						(158,235)
NGL Commodity Swaps																		(1,717)						598
Total Unrealized (Loss) Gain on Commodity Derivative Instruments																		(47,125)						823,199
Gain on Commodity Derivative Instruments:
Natural Gas Commodity Swaps																		110,822						930,910
Natural Gas Basis Swaps																		(101,641)						(169,341)
NGL Commodity Swaps																		(1,653)						598
Total Gain on Commodity Derivative Instruments																		$	7,528					$	762,167

*Includes $30,170 of commodity derivatives that have been settled but not received and $270 that have been settled but not paid at March 31, 2024, and excludes $6,741 of commodity derivatives that were settled but not received and $900 that were settled but not paid at December 31, 2023.

**Includes $1,311 of commodity derivatives that have been settled but not received at March 31, 2023 and excludes $77,662 of commodity 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 Three Months Ended
												March 31,
																		2024						2023
Cash Received in Settlement of Interest Rate Swaps																		$	1,215					$	799
Unrealized Loss on Interest Rate Swaps																		(1,211)						(960)
Gain (Loss) on Interest Rate Swaps																		$	4					$	(161)

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