Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2022

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
	2022			2021		Settle Through
Natural Gas Commodity Swaps (Bcf)	1,662.8			1,686.1		2027
Natural Gas Basis Swaps (Bcf)	1,052.7		*	1,233.3		2027
Interest Rate Swaps	$	410,000		$	410,000	2024

*Net of purchased natural gas basis swaps of 2.3 Bcf.

Schedule of Derivative Assets at Fair Value

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

	September 30,		December 31,
	2022		2021
Current Assets:
Commodity Derivative Instruments:
Commodity Swaps	$	3,465	$	92
Basis Only Swaps	184,556		94,682
Interest Rate Swaps	12,577		228
Total Current Assets	$	200,598	$	95,002
Other Non-Current Assets:
Commodity Derivative Instruments:
Commodity Swaps	$	26,051	$	12,419
Basis Only Swaps	225,138		119,077
Interest Rate Swaps	7,350		498
Total Other Non-Current Assets	$	258,539	$	131,994
Current Liabilities:
Commodity Derivative Instruments:
Commodity Swaps	$	1,356,538	$	505,460
Basis Only Swaps	41,293		13,206
Interest Rate Swaps	10,061		2,932
Total Current Liabilities	$	1,407,892	$	521,598
Non-Current Liabilities:
Commodity Derivative Instruments:
Commodity Swaps	$	1,959,805	$	642,442
Basis Only Swaps	46,916		41,332
Interest Rate Swaps	5,605		3,580
Total Non-Current Liabilities	$	2,012,326	$	687,354

Schedule of Derivative Liabilities at Fair Value

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

	September 30,		December 31,
	2022		2021
Current Assets:
Commodity Derivative Instruments:
Commodity Swaps	$	3,465	$	92
Basis Only Swaps	184,556		94,682
Interest Rate Swaps	12,577		228
Total Current Assets	$	200,598	$	95,002
Other Non-Current Assets:
Commodity Derivative Instruments:
Commodity Swaps	$	26,051	$	12,419
Basis Only Swaps	225,138		119,077
Interest Rate Swaps	7,350		498
Total Other Non-Current Assets	$	258,539	$	131,994
Current Liabilities:
Commodity Derivative Instruments:
Commodity Swaps	$	1,356,538	$	505,460
Basis Only Swaps	41,293		13,206
Interest Rate Swaps	10,061		2,932
Total Current Liabilities	$	1,407,892	$	521,598
Non-Current Liabilities:
Commodity Derivative Instruments:
Commodity Swaps	$	1,959,805	$	642,442
Basis Only Swaps	46,916		41,332
Interest Rate Swaps	5,605		3,580
Total Non-Current Liabilities	$	2,012,326	$	687,354

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,
	2022		2021		2022		2021
Realized (Loss) Gain on Commodity Derivative Instruments:
Natural Gas:
Commodity Swaps	$	(690,685)	$	(161,887)	$	(1,520,879)	$	(171,829)
Basis Swaps	39,486		30,796		68,447		32,784
Total Realized Loss on Commodity Derivative Instruments	(651,199)		(131,091)		(1,452,432)		(139,045)
Unrealized (Loss) Gain on Commodity Derivative Instruments:
Natural Gas:
Commodity Swaps	(300,013)		(1,339,362)		(2,151,435)		(2,066,509)
Basis Swaps	(111,141)		(36,817)		162,478		192,840
Total Unrealized Loss on Commodity Derivative Instruments	(411,154)		(1,376,179)		(1,988,957)		(1,873,669)
(Loss) Gain on Commodity Derivative Instruments:
Natural Gas:
Commodity Swaps	(990,698)		(1,501,249)		(3,672,314)		(2,238,338)
Basis Swaps	(71,655)		(6,021)		230,925		225,624
Total Loss on Commodity Derivative Instruments	$	(1,062,353)	$	(1,507,270)	$	(3,441,389)	$	(2,012,714)

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,
	2022		2021		2022		2021
Cash Paid in Settlement of Interest Rate Swaps	$	(234)	$	(2,154)	$	(1,934)	$	(4,621)
Unrealized Gain on Interest Rate Swaps	2,694		1,416		10,047		6,075
Gain (Loss) on Interest Rate Swaps	$	2,460	$	(738)	$	8,113	$	1,454