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Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 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:

			September 30,						December 31,						Forecasted to
			2024						2023						Settle Through
Natural Gas Commodity Swaps (Bcf)			1,105.6						1,349.2						2028
Natural Gas Basis Swaps (Bcf)			621.4						760.3						2028
NGL Commodity Swaps (Mbbls)			655.2						81.0						2025
Interest Rate Swaps			$	—					$	410,000					2024

Schedule of Derivative Assets at Fair Value

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

			September 30,						December 31,
			2024						2023
Current Assets:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	105,075					$	168,532
NGL Commodity Swaps			1,686						1,003
Natural Gas Basis Swaps			40,259						77,540
Interest Rate Swaps			—						5,449
Total Current Assets			$	147,020					$	252,524
Other Non-Current Assets:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	167,629					$	166,701
Natural Gas Basis Swaps			61,254						113,829
Total Other Non-Current Assets			$	228,883					$	280,530
Current Liabilities:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	155,504					$	47,279
NGL Commodity Swaps			336						—
Natural Gas Basis Swaps			29,955						9,473
Interest Rate Swaps			—						4,350
Total Current Liabilities			$	185,795					$	61,102
Non-Current Liabilities:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	318,108					$	484,357
Natural Gas Basis Swaps			51,461						42,197
Total Non-Current Liabilities			$	369,569					$	526,554

Schedule of Derivative Liabilities at Fair Value

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

			September 30,						December 31,
			2024						2023
Current Assets:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	105,075					$	168,532
NGL Commodity Swaps			1,686						1,003
Natural Gas Basis Swaps			40,259						77,540
Interest Rate Swaps			—						5,449
Total Current Assets			$	147,020					$	252,524
Other Non-Current Assets:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	167,629					$	166,701
Natural Gas Basis Swaps			61,254						113,829
Total Other Non-Current Assets			$	228,883					$	280,530
Current Liabilities:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	155,504					$	47,279
NGL Commodity Swaps			336						—
Natural Gas Basis Swaps			29,955						9,473
Interest Rate Swaps			—						4,350
Total Current Liabilities			$	185,795					$	61,102
Non-Current Liabilities:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	318,108					$	484,357
Natural Gas Basis Swaps			51,461						42,197
Total Non-Current Liabilities			$	369,569					$	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												For the Nine Months Ended
						September 30,												September 30,
						2024						2023						2024						2023
Realized Gain on Commodity Derivative Instruments:
Natural Gas Commodity Swaps						$	85,312					$	35,762					$	258,096					$	69,232
Natural Gas Basis Swaps						8,797						65,514						531						49,952
NGL Commodity Swaps						554						595						770						1,214
Total Realized Gain on Commodity Derivative Instruments						94,663						101,871						259,397			*			120,398			**
Unrealized Gain (Loss) on Commodity Derivative Instruments:
Natural Gas Commodity Swaps						69,688						1,289						(30,679)						1,308,252
Natural Gas Basis Swaps						(77,905)						(53,462)						(118,190)						(77,026)
NGL Commodity Swaps						2,518						(1,895)						59						818
Total Unrealized (Loss) Gain on Commodity Derivative Instruments						(5,699)						(54,068)						(148,810)						1,232,044
Gain (Loss) on Commodity Derivative Instruments:
Natural Gas Commodity Swaps						155,000						37,051						227,417						1,377,484
Natural Gas Basis Swaps						(69,108)						12,052						(117,659)						(27,074)
NGL Commodity Swaps						3,072						(1,300)						829						2,032
Total Gain on Commodity Derivative Instruments						$	88,964					$	47,803					$	110,587					$	1,352,442

*Includes $30,891 of commodity derivatives that have been settled but not received at September 30, 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 $24,215 of commodity derivatives that have been settled but not received at September 30, 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												For the Nine Months Ended
						September 30,												September 30,
						2024						2023						2024						2023
Cash Received in Settlement of Interest Rate Swaps						$	—					$	1,173					$	1,103					$	2,989
Unrealized Loss on Interest Rate Swaps						—						(1,094)						(1,099)						(2,231)
Gain on Interest Rate Swaps						$	—					$	79					$	4					$	758

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