Quarterly report [Sections 13 or 15(d)]

Derivatives (Tables)

v3.25.3
Derivatives (Tables)
 9 Months Ended
Sep. 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 September 30, 2025  
    Assets     Liabilities  
Type of Instrument   Balance Sheet Location   Fair
Value		     Balance Sheet Location   Fair
Value		  
                     
Cash collateral balance   Restricted cash   $ 623              
Commodity contracts   Derivative instruments   $ 3,602     Derivative instruments   $ 108  

 

    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  
    For the Three Months Ended
September 30,		  
Type of Instrument   Statements of Operations Location   2025     2024  
                 
Commodity contracts   Cost of goods sold   $ 3,968     $ 3,633
        $ 3,968     $ 3,633

 

    Realized Gains  
      For the Nine Months Ended
September 30,		  
Type of Instrument   Statements of Operations Location   2025     2024  
                 
Commodity contracts   Cost of goods sold   $ 8,822     $ 923  
        $ 8,822     $ 923

 

    Unrealized Gains (Losses)  
      For the Three Months Ended
September 30,		  
Type of Instrument   Statements of Operations Location   2025     2024  
                 
Commodity contracts   Cost of goods sold   $ 1,841     $ (6,199 )
        $ 1,841     $ (6,199 )

 

    Unrealized Gains  
      For the Nine Months Ended
September 30,		  
Type of Instrument   Statements of Operations Location   2025     2024  
                 
Commodity contracts   Cost of goods sold   $ 1,357     $ 8,079  
        $ 1,357     $ 8,079