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DERIVATIVE INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2025

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
			2025						2024						Settle Through
Natural Gas Commodity Swaps (Bcf)			1,121.6						1,163.7						2028
Natural Gas Basis Swaps (Bcf)			677.1						688.7						2028
NGL Commodity Swaps (Mbbls)			657.0						351.0						2026

Schedule of Derivative Assets at Fair Value

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

			March 31,						December 31,
			2025						2024
Current Assets:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	2,465					$	45,336
NGL Commodity Swaps			106						90
Natural Gas Basis Swaps			66,289						42,499
Total Current Assets			$	68,860					$	87,925
Other Non-Current Assets:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	108,568					$	117,875
Natural Gas Basis Swaps			57,340						42,308
Total Other Non-Current Assets			$	165,908					$	160,183
Current Liabilities:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	734,742					$	300,994
NGL Commodity Swaps			1,399						839
Natural Gas Basis Swaps			34,839						52,788
Total Current Liabilities			$	770,980					$	354,621
Non-Current Liabilities:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	400,325					$	364,662
Natural Gas Basis Swaps			39,444						64,871
Total Non-Current Liabilities			$	439,769					$	429,533

Schedule of Derivative Liabilities at Fair Value

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

			March 31,						December 31,
			2025						2024
Current Assets:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	2,465					$	45,336
NGL Commodity Swaps			106						90
Natural Gas Basis Swaps			66,289						42,499
Total Current Assets			$	68,860					$	87,925
Other Non-Current Assets:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	108,568					$	117,875
Natural Gas Basis Swaps			57,340						42,308
Total Other Non-Current Assets			$	165,908					$	160,183
Current Liabilities:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	734,742					$	300,994
NGL Commodity Swaps			1,399						839
Natural Gas Basis Swaps			34,839						52,788
Total Current Liabilities			$	770,980					$	354,621
Non-Current Liabilities:
Commodity Derivative Instruments:
Natural Gas Commodity Swaps			$	400,325					$	364,662
Natural Gas Basis Swaps			39,444						64,871
Total Non-Current Liabilities			$	439,769					$	429,533

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,
																		2025						2024
Realized (Loss) Gain on Commodity Derivative Instruments:
Natural Gas Commodity Swaps																		$	(83,477)					$	60,309
Natural Gas Basis Swaps																		(24,846)						(5,720)
NGL Commodity Swaps																		(1,364)						64
Total Realized (Loss) Gain on Commodity Derivative Instruments																		(109,687)			*			54,653			**
Unrealized (Loss) Gain on Commodity Derivative Instruments:
Natural Gas Commodity Swaps																		(504,143)						50,513
Natural Gas Basis Swaps																		85,994						(95,921)
NGL Commodity Swaps																		(384)						(1,717)
Total Unrealized Loss on Commodity Derivative Instruments																		(418,533)						(47,125)
(Loss) Gain on Commodity Derivative Instruments:
Natural Gas Commodity Swaps																		(587,620)						110,822
Natural Gas Basis Swaps																		61,148						(101,641)
NGL Commodity Swaps																		(1,748)						(1,653)
Total (Loss) Gain on Commodity Derivative Instruments																		$	(528,220)					$	7,528

*Includes $42,305 of commodity derivatives that have been settled but not paid at March 31, 2025, and excludes $2,309 of commodity derivatives that were settled but not received and $23,212 that were settled but not paid at December 31, 2024.

**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.

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,
																		2025						2024
Cash Received in Settlement of Interest Rate Swaps																		$	—					$	1,215
Unrealized Loss on Interest Rate Swaps																		—						(1,211)
Gain on Interest Rate Swaps																		$	—					$	4

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