20 unchanged sentences
CNX's interest expense is sensitive to changes in the general level of interest rates in the United States.
−Removed: The Company uses derivative instruments to manage risk related to interest rates.
−Removed: These instruments change the variable-rate cash flow exposure on the debt obligations to fixed cash flows.
+Added: The Company has used derivative instruments in the past in order to manage risk related to interest rates, although there are currently no active agreements (see Note 19 – Derivative Instruments in the Notes to the Unaudited Consolidated Financial Statements included in Item 1 of this Form 10-Q for more information).
At December 31, 2024 and 2023, CNX had $2,132 million and $2,065 million, respectively, aggregate principal amount of debt outstanding under fixed-rate instruments, including unamortized debt issuance costs of $9 million and $12 million, respectively.
At December 31, 2024 and 2023, CNX had $59 million and $157 million, respectively, of debt outstanding under variable-rate instruments.
−Removed: CNX’s primary exposure to market risk for changes in interest rates relates to CNX’s Credit Facility, under which there was $52 million of borrowings at December 31, 2023 and no borrowings at December 31, 2022, and CNXM's Credit Facility, under which there was $105 million of borrowings at December 31, 2023 and $154 million at December 31, 2022.
−Removed: A hypothetical 100 basis-point increase in the average rate for CNX's variable-rate instruments would decrease pre-tax future earnings as of December 31, 2023 and 2022 by $2 million on an annualized basis.
+Added: CNX’s primary exposure to market risk for changes in interest rates relates to CNX’s Credit Facility, under which there was $43 million of borrowings at December 31, 2024 and $52 million of borrowings at December 31, 2023, and CNXM's Credit Facility, under which there was $16 million of borrowings at December 31, 2024 and $105 million at December 31, 2023.
+Added: A hypothetical 100 basis-point increase in the average rate for CNX's variable-rate instruments would decrease pre-tax future earnings as of December 31, 2024 and 2023 by $1 million and $2 million, respectively, on an annualized basis.
All of CNX's transactions are denominated in U.S.
17 unchanged sentences
*Quarterly volumes do not add to annual volumes inasmuch as a discrete condition in individual quarters, where basis hedge volumes exceed NYMEX hedge volumes, does not exist for the year taken as a whole.
+Added: Table excludes basis only hedges of 17.2 Bcf for 2029.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.