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BASIS OF PRESENTATION | 6 Months Ended
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Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
BASIS OF PRESENTATION | BASIS OF PRESENTATION: The accompanying Unaudited Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2025 are not necessarily indicative of the results that may be expected for future periods. The Consolidated Balance Sheet at December 31, 2024 has been derived from the Audited Consolidated Financial Statements at that date but does not include all the notes required by generally accepted accounting principles for complete financial statements. For further information, refer to the Consolidated Financial Statements and related notes for the year ended December 31, 2024 included in CNX Resources Corporation's ("CNX," "CNX Resources," the "Company," "we," "us," or "our") Annual Report on Form 10-K as filed with the Securities and Exchange Commission ("SEC") on February 11, 2025 (the "2024 Form 10-K"). Certain amounts in prior periods have been reclassified to conform to the current period presentation. Cash & Cash Equivalents Cash and cash equivalents of $3,391 and $17,198 as of June 30, 2025 and December 31, 2024, respectively, include cash on hand and on deposit at banking institutions as well as all highly liquid short-term securities with original maturities of three months or less. Restricted Cash: Current assets include restricted cash of $10,072 and $37,875 as of June 30, 2025 and December 31, 2024, respectively, consisting of funds that the Company was contractually obligated to maintain in an escrow account in accordance with the terms of the purchase agreement to acquire the natural gas upstream and associated midstream business of Apex Energy II, LLC. See Note 4 – Acquisitions and Dispositions for more information. Other non-current assets include restricted cash of $2,428 as of June 30, 2025, consisting of funds that the Company was contractually obligated to maintain in an escrow account in accordance with the terms of the purchase agreement to acquire various rights-of-way, surface acreage and other oil and gas royalty interests from a third party. No such transactions occurred as of December 31, 2024. See Note 4 – Acquisitions and Dispositions for more information. Receivables As of June 30, 2025 and December 31, 2024, Accounts Receivable - Trade were $180,152 and $179,547, respectively, and Other Receivables were $37,166 and $17,859, respectively. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. Management records an allowance for credit losses related to the collectability of third-party customers' receivables using the historical aging of the customer receivable balance. The collectability is determined based on past events, including historical experience, customer credit rating, as well as current market conditions. CNX monitors customer ratings and collectability on an on-going basis. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The following represents activity related to the allowance for credit losses for the six months ended:
| June 30,
| 2025 |  | 2024
Allowance for Credit Losses - Trade, Beginning of Year | $ | 84 |  |  | $ | 84 |
Provision for Expected Credit Losses | — |  |  | — |
Allowance for Credit Losses - Trade, End of Period | $ | 84 |  |  | $ | 84 |
Allowance for Credit Losses - Other Receivables, Beginning of Year | $ | 1,233 |  |  | $ | 2,847 |
Recoveries Collected | — |  |  | (1,692) |
Provision for Expected Credit Losses | (39) |  |  | 94 |
Allowance for Credit Losses - Other Receivables, End of Period | $ | 1,194 |  |  | $ | 1,249 |

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