Quarterly report [Sections 13 or 15(d)]

Derivatives (Tables)

v3.26.1
Derivatives (Tables)
 6 Months Ended
Jun. 30, 2026
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 June 30, 2026
    Assets   Liabilities
 Type of Instrument   Balance Sheet Location   Fair Value     Balance Sheet Location   Fair Value  
                     
Cash collateral balance   Restricted cash   $ —              
Commodity contracts   Derivative instruments   $ 4,173     Derivative instruments   $ 277  

 

    As of December 31, 2025
    Assets   Liabilities
Type of Instrument   Balance Sheet Location   Fair Value     Balance Sheet Location   Fair
Value		  
                     
Cash collateral balance   Restricted cash   $ 2,258              
Commodity contracts   Derivative instruments   $ 525     Derivative instruments   $ 1,067  
Schedule of Realized and Unrealized Gains 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
June 30,		  
Type of Instrument   Statements of Operations Location   2026     2025  
                 
Commodity contracts   Cost of goods sold   $ 5,884     $ 4,715  
        $ 5,884     $ 4,715  

 

        Realized Gains  
        For the Six Months Ended
June 30,		  
Type of Instrument   Statements of Operations Location   2026     2025  
                 
Commodity contracts   Cost of goods sold   $ 6,227     $ 4,854  
        $ 6,227     $ 4,854  

 

        Unrealized Losses  
        For the Three Months Ended
June 30,		  
Type of Instrument   Statements of Operations Location   2026     2025  
                 
Commodity contracts   Cost of goods sold   $ (3,634 )   $ (2,117 )
        $ (3,634 )   $ (2,117 )

 

 

        Unrealized Gains (Losses)  
        For the Six Months Ended
June 30,		  
Type of Instrument   Statements of Operations Location   2026     2025  
                 
Commodity contracts   Cost of goods sold   $ 4,439     $ (483 )
        $ 4,439     $ (483 )