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Derivative Instruments (Tables)
6 Months Ended
Jun. 30, 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:
June 30,December 31,Forecasted to
20202019Settle Through
Natural Gas Commodity Swaps (Bcf)1,248.5  *1,460.6  2025
Natural Gas Basis Swaps (Bcf)1,179.4  *1,290.4  2025
Interest Rate Swaps$581,218  $160,000  2028
*Net of purchased natural gas commodity swaps and natural gas basis swaps of 21.9 Bcf and 12.7 Bcf, respectively.
Schedule of Derivative Assets at Fair Value
The gross fair value of CNX's derivative instruments was as follows:
June 30,December 31,
20202019
Current Assets:
  Commodity Derivative Instruments:
     Commodity Swaps$187,567  $234,238  
     Basis Only Swaps10,032  13,556  
  Interest Rate Swaps205  —  
Total Current Assets$197,804  $247,794  
Other Non-Current Assets:
  Commodity Derivative Instruments:
     Commodity Swaps$197,584  $288,543  
     Basis Only Swaps13,851  25,553  
  Interest Rate Swaps1,222  —  
Total Other Non-Current Assets$212,657  $314,096  
Current Liabilities:
  Commodity Derivative Instruments:
     Commodity Swaps$24,675  $345  
     Basis Only Swaps54,711  40,626  
  Interest Rate Swaps4,141  495  
Total Current Liabilities$83,527  $41,466  
Non-current Liabilities:
  Commodity Derivative Instruments:
     Commodity Swaps$29,305  $9,693  
     Basis Only Swaps136,140  105,445  
  Interest Rate Swaps12,742  724  
Total Non-current Liabilities$178,187  $115,862  
Schedule of Derivative Liabilities at Fair Value
The gross fair value of CNX's derivative instruments was as follows:
June 30,December 31,
20202019
Current Assets:
  Commodity Derivative Instruments:
     Commodity Swaps$187,567  $234,238  
     Basis Only Swaps10,032  13,556  
  Interest Rate Swaps205  —  
Total Current Assets$197,804  $247,794  
Other Non-Current Assets:
  Commodity Derivative Instruments:
     Commodity Swaps$197,584  $288,543  
     Basis Only Swaps13,851  25,553  
  Interest Rate Swaps1,222  —  
Total Other Non-Current Assets$212,657  $314,096  
Current Liabilities:
  Commodity Derivative Instruments:
     Commodity Swaps$24,675  $345  
     Basis Only Swaps54,711  40,626  
  Interest Rate Swaps4,141  495  
Total Current Liabilities$83,527  $41,466  
Non-current Liabilities:
  Commodity Derivative Instruments:
     Commodity Swaps$29,305  $9,693  
     Basis Only Swaps136,140  105,445  
  Interest Rate Swaps12,742  724  
Total Non-current Liabilities$178,187  $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 EndedFor the Six Months Ended
June 30,June 30,
2020201920202019
Cash Received (Paid) in Settlement of Commodity Derivative Instruments:
  Natural Gas:
Commodity Swaps$153,149  $18,567  $310,728  $(8,383) 
Basis Swaps(10,893) (7,895) (17,311) (22,327) 
Total Cash Received (Paid) in Settlement of Commodity Derivative Instruments142,256  10,672  293,417  (30,710) 
Unrealized (Loss) Gain on Commodity Derivative Instruments:
  Natural Gas:
Commodity Swaps(182,119) 226,845  (181,573) 176,084  
Basis Swaps(23,440) (15,936) (60,005) (119,169) 
Total Unrealized (Loss) Gain on Commodity Derivative Instruments(205,559) 210,909  (241,578) 56,915  
(Loss) Gain on Commodity Derivative Instruments:
  Natural Gas:
Commodity Swaps(28,970) 245,412  129,155  167,701  
Basis Swaps(34,333) (23,831) (77,316) (141,496) 
Total (Loss) Gain on Commodity Derivative Instruments$(63,303) $221,581  $51,839  $26,205