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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The table below sets forth the share-based awards that have been excluded from the computation of diluted earnings per share because their effect would be anti-dilutive:

			For the Three Months Ended June 30,												For the Six Months Ended June 30,
			2024						2023						2024						2023
Anti-Dilutive Options			1,187,492						21,232						1,187,492						16,070
Anti-Dilutive Restricted Stock Units			2,106,007						113,149						2,106,007						513,294
Anti-Dilutive Performance Share Units			1,010,251						—						1,010,251						—
			4,303,750						134,381						4,303,750						529,364

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

The table below sets forth the share-based awards that have been exercised or released:

			For the Three Months Ended June 30,												For the Six Months Ended June 30,
			2024						2023						2024						2023
Options			97,999						17,636						909,436						73,629
Restricted Stock Units			18,436						19,698						846,212						896,785
Performance Share Units			—						8,897						753,673						576,421
			116,435						46,231						2,509,321						1,546,835

Schedule of Earnings Per Share, Basic and Diluted

The computations for basic and diluted earnings per share are as follows:

			For the Three Months Ended June 30,												For the Six Months Ended June 30,
			2024						2023						2024						2023
Net (Loss) Income			$	(18,261)					$	474,955					$	(11,410)					$	1,185,350
Basic (Loss) Earnings Available to Shareholders			$	(18,261)					$	474,955					$	(11,410)					$	1,185,350
Effect of Dilutive Securities:
Add Back Interest on Convertible Notes (Net of Tax)			$	—					$	1,409					$	—					$	2,818
Diluted (Loss) Earnings Available to Shareholders			$	(18,261)					$	476,364					$	(11,410)					$	1,188,168
Weighted-Average Shares of Common Stock Outstanding			152,608,500						164,139,583						152,986,576						166,283,932
Effect of Diluted Shares:*
Options			—						1,046,210						—						1,041,479
Restricted Stock Units			—						1,073,001						—						1,028,799
Performance Share Units			—						980,923						—						981,350
Convertible Notes			—						25,751,869						—						25,751,869
Weighted-Average Diluted Shares of Common Stock Outstanding			152,608,500						192,991,586						152,986,576						195,087,429
(Loss) Earnings per Share:
Basic			$	(0.12)					$	2.89					$	(0.07)					$	7.13
Diluted			$	(0.12)					$	2.47					$	(0.07)					$	6.09

*During periods in which the Company incurs a net loss, diluted weighted average shares outstanding are equal to basic weighted average shares outstanding because the effect of all equity awards and the potential share settlement impact related to CNX’s Convertible Notes are antidilutive.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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