Quarterly report pursuant to Section 13 or 15(d)

Derivatives (Tables)

v3.24.3
Derivatives (Tables)
 9 Months Ended
Sep. 30, 2024
Derivatives [Abstract]  
Schedule of Derivatives Not Designated as Hedging Instruments The classification and amounts of the Company’s derivatives not designated as hedging instruments, and related cash collateral balances, are as follows (in thousands):
    As of September 30, 2024  
    Assets     Liabilities  
Type of Instrument   Balance Sheet
Location		   Fair
Value		     Balance Sheet
Location		   Fair
Value		  
Cash collateral balance   Restricted cash   $ 4,903              
Commodity contracts   Derivative instruments   $ 36     Derivative instruments   $ 3,394  
    As of December 31, 2023  
    Assets     Liabilities  
Type of Instrument   Balance Sheet
Location		   Fair
Value		     Balance Sheet
Location		   Fair
Value		  
Cash collateral balance   Restricted cash   $ 15,466              
Commodity contracts   Derivative instruments   $ 2,412     Derivative instruments   $ 13,849  
Schedule of Realized And Unrealized Gains and Losses for its Derivatives Not Designated as Hedging Instruments The classification and amounts of the Company’s realized and unrealized gains and losses for its derivatives not designated as hedging instruments are as follows (in thousands):
    Realized Gains  
        For the Three Months Ended
September 30,		  
Type of Instrument   Statements of Operations Location   2024     2023  
                 
Commodity contracts   Cost of goods sold   $ 3,633     $ 6,206  
        $ 3,633     $ 6,206  
    Realized Gains  
        For the Nine Months Ended
September 30,		  
Type of Instrument   Statements of Operations Location   2024     2023  
                 
Commodity contracts   Cost of goods sold   $ 923     $ 3,980  
        $ 923     $ 3,980  
    Unrealized Losses  
        For the Three Months Ended
September 30,		  
Type of Instrument   Statements of Operations Location   2024     2023  
                 
Commodity contracts   Cost of goods sold   $ (6,199 )   $ (8,917 )
        $ (6,199 )   $ (8,917 )

 

    Unrealized Gains (Losses)  
        For the Nine Months Ended
September 30,		  
Type of Instrument   Statements of Operations Location   2024     2023  
                 
Commodity contracts   Cost of goods sold   $ 8,079     $ (1,517 )
        $ 8,079     $ (1,517 )