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v3.25.2

DERIVATIVE INSTRUMENTS (Tables) | 6 Months Ended
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Jun. 30, 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:
| June 30, |  | December 31, |  | Forecasted to
| 2025 |  | 2024 |  | Settle Through
Natural Gas Commodity Swaps (Bcf) | 1,023.4 |  |  | 1,163.7 |  |  | 2028
Natural Gas Basis Swaps (Bcf) | 615.0 |  |  | 688.7 |  |  | 2028
NGL Commodity Swaps (Mbbls) | 548.0 |  | 351.0 |  | 2026
Schedule of Derivative Assets at Fair Value | The gross fair value of CNX's derivative instruments was as follows:
| June 30, |  | December 31,
| 2025 |  | 2024
Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Natural Gas Commodity Swaps | $ | 29,506 |  |  | $ | 45,336 |
NGL Commodity Swaps | 1,571 |  |  | 90 |
Natural Gas Basis Swaps | 76,324 |  |  | 42,499 |
Total Current Assets | $ | 107,401 |  |  | $ | 87,925 |
Other Non-Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Natural Gas Commodity Swaps | $ | 93,794 |  |  | $ | 117,875 |
Natural Gas Basis Swaps | 73,767 |  |  | 42,308 |
Total Other Non-Current Assets | $ | 167,561 |  |  | $ | 160,183 |
Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Natural Gas Commodity Swaps | $ | 373,176 |  |  | $ | 300,994 |
NGL Commodity Swaps | — |  |  | 839 |
Natural Gas Basis Swaps | 29,936 |  |  | 52,788 |
Total Current Liabilities | $ | 403,112 |  |  | $ | 354,621 |
Non-Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Natural Gas Commodity Swaps | $ | 317,279 |  |  | $ | 364,662 |
Natural Gas Basis Swaps | 25,334 |  |  | 64,871 |
Total Non-Current Liabilities | $ | 342,613 |  |  | $ | 429,533 |
Schedule of Derivative Liabilities at Fair Value | The gross fair value of CNX's derivative instruments was as follows:
| June 30, |  | December 31,
| 2025 |  | 2024
Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Natural Gas Commodity Swaps | $ | 29,506 |  |  | $ | 45,336 |
NGL Commodity Swaps | 1,571 |  |  | 90 |
Natural Gas Basis Swaps | 76,324 |  |  | 42,499 |
Total Current Assets | $ | 107,401 |  |  | $ | 87,925 |
Other Non-Current Assets: |  |  |
Commodity Derivative Instruments: |  |  |
Natural Gas Commodity Swaps | $ | 93,794 |  |  | $ | 117,875 |
Natural Gas Basis Swaps | 73,767 |  |  | 42,308 |
Total Other Non-Current Assets | $ | 167,561 |  |  | $ | 160,183 |
Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Natural Gas Commodity Swaps | $ | 373,176 |  |  | $ | 300,994 |
NGL Commodity Swaps | — |  |  | 839 |
Natural Gas Basis Swaps | 29,936 |  |  | 52,788 |
Total Current Liabilities | $ | 403,112 |  |  | $ | 354,621 |
Non-Current Liabilities: |  |  |
Commodity Derivative Instruments: |  |  |
Natural Gas Commodity Swaps | $ | 317,279 |  |  | $ | 364,662 |
Natural Gas Basis Swaps | 25,334 |  |  | 64,871 |
Total Non-Current Liabilities | $ | 342,613 |  |  | $ | 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 |  | For the Six Months Ended |
|  | June 30, |  | June 30, |
|  | 2025 |  | 2024 |  | 2025 |  | 2024 |
Realized (Loss) Gain on Commodity Derivative Instruments: |  |  |  |  |  |  |  |  |
Natural Gas Commodity Swaps |  | $ | (46,455) |  |  | $ | 112,476 |  |  | $ | (129,932) |  |  | $ | 172,785 |  |
Natural Gas Basis Swaps |  | 10,888 |  |  | (2,546) |  |  | (13,958) |  |  | (8,266) |  |
NGL Commodity Swaps |  | 163 |  |  | 152 |  |  | (1,201) |  |  | 215 |  |
Total Realized (Loss) Gain on Commodity Derivative Instruments |  | (35,404) |  |  | 110,082 |  |  | (145,091) |  | * | 164,734 |  | **
Unrealized Gain (Loss) on Commodity Derivative Instruments: |  |  |  |  |  |  |  |  |
Natural Gas Commodity Swaps |  | 424,019 |  |  | (150,881) |  |  | (80,124) |  |  | (100,368) |  |
Natural Gas Basis Swaps |  | 29,971 |  |  | 55,636 |  |  | 115,965 |  |  | (40,285) |  |
NGL Commodity Swaps |  | 2,535 |  |  | (742) |  |  | 2,151 |  |  | (2,458) |  |
Total Unrealized Gain (Loss) on Commodity Derivative Instruments |  | 456,525 |  |  | (95,987) |  |  | 37,992 |  |  | (143,111) |  |
Gain (Loss) on Commodity Derivative Instruments: |  |  |  |  |  |  |  |  |
Natural Gas Commodity Swaps |  | 377,564 |  |  | (38,405) |  |  | (210,056) |  |  | 72,417 |  |
Natural Gas Basis Swaps |  | 40,859 |  |  | 53,090 |  |  | 102,007 |  |  | (48,551) |  |
NGL Commodity Swaps |  | 2,698 |  |  | (590) |  |  | 950 |  |  | (2,243) |  |
Total Gain (Loss) on Commodity Derivative Instruments |  | $ | 421,121 |  |  | $ | 14,095 |  |  | $ | (107,099) |  |  | $ | 21,623 |  |
*Includes $7,961 of commodity derivatives that have been settled but not received and $1,573 that were settled but not paid at June 30, 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 $24,183 of commodity derivatives that have been settled but not received at June 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. 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 Six Months Ended
|  | June 30, |  | June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Cash (Paid) Received in Settlement of Interest Rate Swaps |  | $ | — |  |  | $ | (112) |  |  | $ | — |  |  | $ | 1,103 |
Unrealized Gain (Loss) on Interest Rate Swaps |  | — |  |  | 112 |  |  | — |  |  | (1,099) |
Gain on Interest Rate Swaps |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4 |

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