ITEM 6.Selected Financial Data
The following table presents our selected consolidated financial and operating data for, and as of the end of, each of the periods indicated. The selected consolidated financial data for, and as of the end of, each of the years ended December 31, 2020, 2019, 2018, 2017 and 2016 are derived from our audited Consolidated Financial Statements. Certain reclassifications of prior year data have been made to conform to the year ended December 31, 2020 presentation. The selected consolidated financial and operating data are not necessarily indicative of the results that may be expected for any future period. The selected consolidated financial and operating data should be read in conjunction with Part II. Item 7. “Management's Discussion and Analysis of Financial Condition and Results of Operations” and the financial statements and related notes included in this Form 10k.
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(Dollars in thousands, except per share data)
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For the Years Ended December 31,
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2020
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2019
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2018
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2017
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2016
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Revenue and Other Operating Income from Continuing Operations
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$
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1,257,978
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$
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1,922,449
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$
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1,730,434
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$
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1,455,131
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$
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759,968
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(Loss) Income from Continuing Operations
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$
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(428,744)
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$
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31,948
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$
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883,111
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$
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295,039
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$
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(550,945)
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Net (Loss) Income Attributable to CNX Resources Shareholders
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$
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(483,775)
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$
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(80,730)
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$
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796,533
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$
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380,747
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$
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(848,102)
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Earnings per share:
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Basic:
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(Loss) Income from Continuing Operations
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$
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(2.43)
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$
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(0.42)
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$
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3.75
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$
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1.29
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$
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(2.40)
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Income (Loss) from Discontinued Operations
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—
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—
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—
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0.37
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(1.30)
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Net (Loss) Income
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$
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(2.43)
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$
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(0.42)
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$
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3.75
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$
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1.66
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$
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(3.70)
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Diluted:
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(Loss) Income from Continuing Operations
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$
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(2.43)
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$
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(0.42)
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$
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3.71
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$
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1.28
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$
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(2.40)
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Income (Loss) from Discontinued Operations
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—
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—
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—
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0.37
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(1.30)
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Net (Loss) Income
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$
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(2.43)
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$
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(0.42)
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$
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3.71
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$
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1.65
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$
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(3.70)
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Assets from Continuing Operations
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$
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8,041,764
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$
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9,060,806
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$
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8,592,170
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$
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6,931,913
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$
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6,682,770
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Assets from Discontinued Operations
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—
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—
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—
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—
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2,496,921
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Total Assets
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$
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8,041,764
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$
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9,060,806
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$
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8,592,170
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$
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6,931,913
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$
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9,179,691
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Long-Term Debt from Continuing Operations (including current portion)
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$
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2,424,001
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$
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2,754,443
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$
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2,378,205
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$
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2,187,289
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$
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2,422,472
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Long-Term Debt from Discontinued Operations (including current portion)
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—
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—
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—
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—
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302,200
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Total Long-Term Debt (including current portion)
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$
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2,424,001
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$
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2,754,443
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$
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2,378,205
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$
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2,187,289
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$
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2,724,672
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Cash Dividends Declared Per Share of Common Stock
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$
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—
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$
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—
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$
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—
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$
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—
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$
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0.010
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See Part 1. Item 1A. “Risk Factors” and Part II. Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” for a discussion of an adjustment to operating income for all periods and other matters that affect the comparability of the selected financial data as well as uncertainties that might affect the Company’s future financial condition.
OTHER OPERATING DATA
(unaudited)
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Years Ended December 31,
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2020
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2019
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2018
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2017
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2016
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Gas:
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Net Sales Volumes Produced (in Bcfe)
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511.1
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539.1
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507.1
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407.2
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394.4
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Average Sales Price ($ per Mcfe) (A)
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$
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2.49
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$
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2.66
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$
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2.97
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$
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2.66
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$
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2.63
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Average Cost ($ per Mcfe)
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$
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1.64
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$
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1.72
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$
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1.82
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$
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2.23
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$
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2.32
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Proved Reserves (in Bcfe) (B)
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9,550
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8,426
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7,881
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7,582
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6,252
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____________
(A) Represents average net sales price including the effect of derivative transactions and excluding hedge monetizations.
(B) Represents proved developed and undeveloped gas reserves at period end.
