XML 43 R35.htm IDEA: XBRL DOCUMENT v3.20.1
Derivative Instruments (Tables)
 3 Months Ended
Mar. 31, 2020
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
20202019Settle Through
Natural Gas Commodity Swaps (Bcf)1,387.1  1,460.6  2025
Natural Gas Basis Swaps (Bcf)1,235.9  1,290.4  2025
Interest Rate Swaps$585,000  $160,000  2028
Schedule of Derivative Assets at Fair Value
The gross fair value of CNX's derivative instruments was as follows:
March 31,December 31,
20202019
Current Assets:
  Commodity Derivative Instruments:
     Commodity Swaps$296,834  $234,238  
     Basis Only Swaps15,718  13,556  
  Interest Rate Swaps197  —  
Total Current Assets$312,749  $247,794  
Other Assets:
  Commodity Derivative Instruments:
     Commodity Swaps$244,501  $288,543  
     Basis Only Swaps12,396  25,553  
  Interest Rate Swaps1,214  —  
Total Other Assets$258,111  $314,096  
Current Liabilities:
  Commodity Derivative Instruments:
     Commodity Swaps$5,028  $345  
     Basis Only Swaps41,069  40,626  
  Interest Rate Swaps2,961  495  
Total Current Liabilities$49,058  $41,466  
Non-current Liabilities:
  Commodity Derivative Instruments:
     Commodity Swaps$23,018  $9,693  
     Basis Only Swaps130,572  105,445  
  Interest Rate Swaps10,308  724  
Total Non-current Liabilities$163,898  $115,862  
Schedule of Derivative Liabilities at Fair Value
The gross fair value of CNX's derivative instruments was as follows:
March 31,December 31,
20202019
Current Assets:
  Commodity Derivative Instruments:
     Commodity Swaps$296,834  $234,238  
     Basis Only Swaps15,718  13,556  
  Interest Rate Swaps197  —  
Total Current Assets$312,749  $247,794  
Other Assets:
  Commodity Derivative Instruments:
     Commodity Swaps$244,501  $288,543  
     Basis Only Swaps12,396  25,553  
  Interest Rate Swaps1,214  —  
Total Other Assets$258,111  $314,096  
Current Liabilities:
  Commodity Derivative Instruments:
     Commodity Swaps$5,028  $345  
     Basis Only Swaps41,069  40,626  
  Interest Rate Swaps2,961  495  
Total Current Liabilities$49,058  $41,466  
Non-current Liabilities:
  Commodity Derivative Instruments:
     Commodity Swaps$23,018  $9,693  
     Basis Only Swaps130,572  105,445  
  Interest Rate Swaps10,308  724  
Total Non-current Liabilities$163,898  $115,862  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The effect of commodity derivative instruments on the Company's Consolidated Statements of Income was as follows:
For the Three Months Ended
March 31,
20202019
Cash Received (Paid) in Settlement of Commodity Derivative Instruments:
  Natural Gas:
Commodity Swaps$157,579  $(26,950) 
Basis Swaps(6,418) (14,432) 
Total Cash Received (Paid) in Settlement of Commodity Derivative Instruments151,161  (41,382) 
Unrealized Gain (Loss) on Commodity Derivative Instruments:
  Natural Gas:
Commodity Swaps545  (50,761) 
Basis Swaps(36,564) (103,233) 
Total Unrealized Loss on Commodity Derivative Instruments(36,019) (153,994) 
Gain (Loss) on Commodity Derivative Instruments:
  Natural Gas:
Commodity Swaps158,124  (77,711) 
Basis Swaps(42,982) (117,665) 
Total Gain (Loss) on Commodity Derivative Instruments$115,142  $(195,376)