Quarterly report [Sections 13 or 15(d)]

Derivatives (Tables)

v3.25.2
Derivatives (Tables)
 6 Months Ended
Jun. 30, 2025
Derivatives [Abstract]  
Schedule of Derivatives Not Designated as Hedging Instruments

Non-Designated Derivative 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 June 30, 2025
    Assets   Liabilities
Type of Instrument   Balance Sheet Location   Fair
Value		     Balance Sheet Location   Fair
Value		  
                     
Cash collateral balance   Restricted cash   $ 723              
Commodity contracts   Derivative instruments   $ 2,563     Derivative instruments   $ 910  

 

    As of December 31, 2024
    Assets   Liabilities
Type of Instrument   Balance Sheet Location   Fair
Value		     Balance Sheet Location   Fair
Value		  
                     
Cash collateral balance   Restricted cash   $ 742              
Commodity contracts   Derivative instruments   $ 3,313     Derivative instruments   $ 1,177  
Schedule of Realized and Unrealized Gains and Losses for its Derivatives

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 (Losses)  
    For the Three Months Ended
June 30,		  
Type of Instrument   Statements of Operations Location   2025     2024  
                 
Commodity contracts   Cost of goods sold   $ 4,715     $ (2,858 )
        $ 4,715     $ (2,858 )

 

    Realized Gains (Losses)  
      For the Six Months Ended
June 30,		  
Type of Instrument   Statements of Operations Location   2025     2024  
                 
Commodity contracts   Cost of goods sold   $ 4,854     $ (2,709 )
        $ 4,854     $ (2,709 )

 

    Unrealized Gains (Losses)  
      For the Three Months Ended
June 30,		  
Type of Instrument   Statements of Operations Location   2025     2024  
                 
Commodity contracts   Cost of goods sold   $ (2,117 )   $ 11,089  
        $ (2,117 )   $ 11,089  

 

    Unrealized Gains (Losses)  
      For the Six Months Ended
June 30,		  
Type of Instrument   Statements of Operations Location   2025     2024  
                 
Commodity contracts   Cost of goods sold   $ (483 )   $ 14,279  
        $ (483 )   $ 14,279