Derivative Instruments (Tables)

9 Months Ended

Sep. 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:

	September 30,			December 31,		Forecasted to
	2020			2019		Settle Through
Natural Gas Commodity Swaps (Bcf)	1,280.9		*	1,460.6		2025
Natural Gas Basis Swaps (Bcf)	1,311.8		*	1,290.4		2025
Interest Rate Swaps	$	575,625		$	160,000	2028

*Net of purchased natural gas commodity swaps and natural gas basis swaps of 5.7 Bcf and 3.8 Bcf, respectively.

Schedule of Derivative Assets at Fair Value

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

	September 30,		December 31,
	2020		2019
Current Assets:
Commodity Derivative Instruments:
Commodity Swaps	$	39,263	$	234,238
Basis Only Swaps	38,201		13,556
Interest Rate Swaps	144		—
Total Current Assets	$	77,608	$	247,794
Other Non-Current Assets:
Commodity Derivative Instruments:
Commodity Swaps	$	118,210	$	288,543
Basis Only Swaps	41,060		25,553
Interest Rate Swaps	828		—
Total Other Non-Current Assets	$	160,098	$	314,096
Current Liabilities:
Commodity Derivative Instruments:
Commodity Swaps	$	103,297	$	345
Basis Only Swaps	36,878		40,626
Interest Rate Swaps	4,370		495
Total Current Liabilities	$	144,545	$	41,466
Non-Current Liabilities:
Commodity Derivative Instruments:
Commodity Swaps	$	92,125	$	9,693
Basis Only Swaps	99,373		105,445
Interest Rate Swaps	12,211		724
Total Non-Current Liabilities	$	203,709	$	115,862

Schedule of Derivative Liabilities at Fair Value

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

	September 30,		December 31,
	2020		2019
Current Assets:
Commodity Derivative Instruments:
Commodity Swaps	$	39,263	$	234,238
Basis Only Swaps	38,201		13,556
Interest Rate Swaps	144		—
Total Current Assets	$	77,608	$	247,794
Other Non-Current Assets:
Commodity Derivative Instruments:
Commodity Swaps	$	118,210	$	288,543
Basis Only Swaps	41,060		25,553
Interest Rate Swaps	828		—
Total Other Non-Current Assets	$	160,098	$	314,096
Current Liabilities:
Commodity Derivative Instruments:
Commodity Swaps	$	103,297	$	345
Basis Only Swaps	36,878		40,626
Interest Rate Swaps	4,370		495
Total Current Liabilities	$	144,545	$	41,466
Non-Current Liabilities:
Commodity Derivative Instruments:
Commodity Swaps	$	92,125	$	9,693
Basis Only Swaps	99,373		105,445
Interest Rate Swaps	12,211		724
Total Non-Current Liabilities	$	203,709	$	115,862

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,
	2020		2019		2020		2019
Cash Received (Paid) in Settlement of Commodity Derivative Instruments:
Natural Gas:
Commodity Swaps	$	72,062	$	61,441	$	382,891	$	53,058
Basis Swaps	18,248		(4,400)		836		(26,727)
Total Cash Received in Settlement of Commodity Derivative Instruments	90,310		57,041		383,727		26,331
Unrealized (Loss) Gain on Commodity Derivative Instruments:
Natural Gas:
Commodity Swaps	(369,121)		126,617		(550,694)		302,701
Basis Swaps	109,977		30,255		49,972		(88,914)
Total Unrealized (Loss) Gain on Commodity Derivative Instruments	(259,144)		156,872		(500,722)		213,787
(Loss) Gain on Commodity Derivative Instruments:
Natural Gas:
Commodity Swaps	(297,059)		188,058		(167,803)		355,759
Basis Swaps	128,225		25,855		50,808		(115,641)
Total (Loss) Gain on Commodity Derivative Instruments	$	(168,834)	$	213,913	$	(116,995)	$	240,118

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,
	2020		2019		2020		2019
Cash (Paid) Received in Settlement of Interest Rate Swaps	$	(1,257)	$	195	$	(1,850)	$	195
Unrealized Loss on Interest Rate Swaps	(152)		(713)		(14,389)		(1,774)
Loss on Interest Rate Swaps	$	(1,409)	$	(518)	$	(16,239)	$	(1,579)