v3.26.1
DERIVATIVE INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2026
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
20262025Settle Through
Natural Gas Commodity Swaps (Bcf)778.7 929.8 2028
Natural Gas Basis Swaps (Bcf)508.6 585.5 2029
NGL Commodity Swaps (Mbbls)1,068.6180.02027
Schedule of Derivative Assets at Fair Value
The gross fair value of CNX's derivative instruments was as follows:
June 30, December 31,
20262025
Current Assets:
  Commodity Derivative Instruments:
     Natural Gas Commodity Swaps$198,760 $74,064 
     NGL Commodity Swaps2,998 1,730 
     Natural Gas Basis Swaps18,954 30,274 
Total Current Assets$220,712 $106,068 
Other Non-Current Assets:
  Commodity Derivative Instruments:
     Natural Gas Commodity Swaps$146,448 $117,524 
     Natural Gas Basis Swaps19,095 16,872 
Total Other Non-Current Assets$165,543 $134,396 
Current Liabilities:
  Commodity Derivative Instruments:
     Natural Gas Commodity Swaps$118,714 $323,169 
     NGL Commodity Swaps544 — 
     Natural Gas Basis Swaps55,624 54,776 
Total Current Liabilities$174,882 $377,945 
Non-Current Liabilities:
  Commodity Derivative Instruments:
     Natural Gas Commodity Swaps$46,296 $101,387 
     Natural Gas Basis Swaps32,632 56,981 
Total Non-Current Liabilities$78,928 $158,368 
Schedule of Derivative Liabilities at Fair Value
The gross fair value of CNX's derivative instruments was as follows:
June 30, December 31,
20262025
Current Assets:
  Commodity Derivative Instruments:
     Natural Gas Commodity Swaps$198,760 $74,064 
     NGL Commodity Swaps2,998 1,730 
     Natural Gas Basis Swaps18,954 30,274 
Total Current Assets$220,712 $106,068 
Other Non-Current Assets:
  Commodity Derivative Instruments:
     Natural Gas Commodity Swaps$146,448 $117,524 
     Natural Gas Basis Swaps19,095 16,872 
Total Other Non-Current Assets$165,543 $134,396 
Current Liabilities:
  Commodity Derivative Instruments:
     Natural Gas Commodity Swaps$118,714 $323,169 
     NGL Commodity Swaps544 — 
     Natural Gas Basis Swaps55,624 54,776 
Total Current Liabilities$174,882 $377,945 
Non-Current Liabilities:
  Commodity Derivative Instruments:
     Natural Gas Commodity Swaps$46,296 $101,387 
     Natural Gas Basis Swaps32,632 56,981 
Total Non-Current Liabilities$78,928 $158,368 
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 EndedFor the Six Months Ended
June 30, June 30,
2026202520262025
Realized Gain (Loss) on Commodity Derivative Instruments:
Natural Gas Commodity Swaps$49,201 $(46,455)$(147,492)$(129,932)
Natural Gas Basis Swaps(2,931)10,888 (28,581)(13,958)
NGL Commodity Swaps(832)163 (89)(1,201)
Total Realized Gain (Loss) on Commodity Derivative Instruments45,438 (35,404)(176,162)*(145,091)**
Unrealized Gain (Loss) on Commodity Derivative Instruments:
Natural Gas Commodity Swaps138,527 424,019 348,133 (80,124)
Natural Gas Basis Swaps(12,225)29,971 7,312 115,965 
NGL Commodity Swaps4,596 2,535 1,034 2,151 
Total Unrealized Gain on Commodity Derivative Instruments130,898 456,525 356,479 37,992 
Gain (Loss) on Commodity Derivative Instruments:
Natural Gas Commodity Swaps187,728 377,564 200,641 (210,056)
Natural Gas Basis Swaps(15,156)40,859 (21,269)102,007 
NGL Commodity Swaps3,764 2,698 945 950 
Total Gain (Loss) on Commodity Derivative Instruments$176,336 $421,121 $180,317 $(107,099)
*Includes $16,462 of commodity derivatives that have been settled but not received and $3,035 settled but not paid at June 30, 2026, and excludes $58,387 of commodity derivatives that were settled but not paid at December 31, 2025.
**Includes $7,961 of commodity derivatives that have been settled but not received and $1,573 that were settled but not paid at June 30, 2025, and excludes $2,309 of commodity derivatives that were settled but not received and $23,212 that were settled but not paid at December 31, 2024.