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SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2025
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.
Operating segments are components of an enterprise for which discrete financial information is available and regularly evaluated by the Chief Operating Decision Maker (CODM) for resource allocation and performance assessment. The company's CODM is its Chief Executive Officer and President. The Company’s segment structure reflects the financial information and reports used by the CODM to make decisions regarding the Company’s business, including resource allocations and performance assessments, as well as the current operating focus. This structure is in compliance with ASC 280, Segment Reporting and ASU 2023-07 - Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which the Company adopted as of December 31, 2024.
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, sales of environmental attributes, as well as various other expenses that are managed outside the reportable segments as discussed below.
The CODM evaluates the performance of the Company’s reportable segments using (Loss) Income Before Income Tax to assess segment performance primarily by comparing it across segments for the current period as well as for prior periods. (Loss) Income Before Income Tax for each segment is based on revenue less identifiable operating and non-operating expenses. Certain expenses are managed outside the reportable segments and therefore are not allocated. These expenses include, but are not limited to, interest expense, other operating expense, and other corporate expenses such as selling, general and administrative costs.
Reportable segment results for the three months ended March 31, 2025 are:
For the Three Months Ended March 31, 2025
ShaleCoalbed MethaneOtherConsolidated
Natural Gas, NGLs and Oil Revenue$507,555 $43,278 $261 $551,094 (A)
Loss on Commodity Derivative Instruments (102,700)(6,953)(418,567)(528,220)
Purchased Gas Revenue— — 11,550 11,550 
Other Revenue and Operating Income16,838 — 31,126 47,964 (B)
Total Revenue and Other Operating Income (Loss)$421,693 $36,325 $(375,630)$82,388   
Lease Operating Expense17,219 5,969 145 23,333 
Transportation, Gathering and Compression78,050 16,783 326 95,159 
Production, Ad Valorem, and Other Fees5,500 1,766 7 7,273 
Depreciation, Depletion and Amortization106,360 13,812 6,890 127,062 
Interest Expense— — 41,612 41,612 
Other Segment Items— — 60,748 60,748 
Total Costs and Expenses$207,129 $38,330 $109,728 $355,187 
Income (Loss) Before Income Tax$214,564 $(2,005)$(485,358)$(272,799)
(A) Included in Natural Gas, NGLs and Oil Revenue are sales of $64,800 to Citadel Energy Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period.
(B) Includes midstream revenue of $16,838 and equity in loss of unconsolidated affiliates of $58 for Shale and Other, respectively. Other also includes sales of environmental attributes of $22,886.
For the Three Months Ended March 31, 2025
Other Segment DisclosuresShaleCoalbed MethaneOtherConsolidated
Segment Assets$7,089,357 $912,921 $1,044,431 $9,046,709 (C)
Capital Expenditures$127,679 $2,743 $1,043 $131,465 
(C) Includes investments in unconsolidated equity affiliates of $18,323.

Reportable segment results for the three months ended March 31, 2024 are:
For the Three Months Ended March 31, 2024
ShaleCoalbed MethaneOtherConsolidated
Natural Gas, NGLs and Oil Revenue$292,762 $32,863 $347 $325,972 (D)
Gain (Loss) on Commodity Derivative Instruments50,779 3,846 (47,097)7,528 
Purchased Gas Revenue— — 14,277 14,277   
Other Revenue and Operating Income15,894 — 20,882 36,776 (E)
Total Revenue and Other Operating Income (Loss)$359,435 $36,709 $(11,591)$384,553   
Lease Operating Expense12,170 5,374 182 17,726 
Transportation, Gathering and Compression80,526 15,683 442 96,651 
Production, Ad Valorem, and Other Fees5,934 1,674 16 7,624 
Depreciation, Depletion and Amortization99,476 14,273 4,901 118,650 
Interest Expense— — 37,441 37,441 
Other Segment Items— — 100,142 100,142 
Total Costs and Expenses$198,106 $37,004 $143,124 $378,234 
Income (Loss) Before Income Tax$161,329 $(295)$(154,715)$6,319 
(D) Included in Natural Gas, NGLs and Oil Revenue are sales of $42,909 to NRG Business Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period.
(E) 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.
For the Three Months Ended March 31, 2024
Other Segment DisclosuresShaleCoalbed MethaneOtherConsolidated
Segment Assets$6,667,562 $939,781 $1,049,299 $8,656,642 (F)
Capital Expenditures$152,874 $8,668 $6,642 $168,184 
(F) Includes investments in unconsolidated equity affiliates of $13,631.
Reconciliation of Segment Information to Consolidated Amounts:

Revenue and Other Operating Income:
For the Three Months Ended March 31,
20252024
Total Segment Revenue from Contracts with External Customers$579,482 $356,143 
(Loss) Gain on Commodity Derivative Instruments(528,220)7,528 
Other Operating Income31,126 20,882 
Total Consolidated Revenue and Other Operating Income $82,388 $384,553