Quarterly report pursuant to Section 13 or 15(d)

Derivatives (Tables)

v3.23.3
Derivatives (Tables)
 9 Months Ended
Sep. 30, 2023
Derivatives (Tables) [Line Items]  
Schedule of Recognized Gains (Losses) for its Derivatives The classification and amounts of the Company’s recognized gains (losses) for its derivatives not designated as hedging instruments are as follows (in thousands):
        Realized Gains (Losses)  
        For the Three Months Ended
September 30,		  
Type of Instrument   Statements of Operations Location   2023     2022  
                 
Commodity contracts   Cost of goods sold   $ 6,206     $ (13,332 )
        $ 6,206     $ (13,332 )
        Realized Gains  
        For the Nine Months Ended
September 30,		  
Type of Instrument   Statements of Operations Location   2023     2022  
                 
Commodity contracts   Cost of goods sold   $ 3,980   $ 16,143  
        $ 3,980   $ 16,143  
        Unrealized Gains (Losses)  
        For the Three Months Ended
September 30,		  
Type of Instrument   Statements of Operations Location   2023     2022  
                 
Commodity contracts   Cost of goods sold   $ (8,917 )   $ 11,560
        $ (8,917 )   $ 11,560
        Unrealized Gains (Losses)  
        For the Nine Months Ended
September 30,		  
Type of Instrument   Statements of Operations Location   2023     2022  
                 
Commodity contracts   Cost of goods sold   $ (1,517 )   $ 4,021
        $ (1,517 )   $ 4,021
Balance Sheet Location [Member]  
Derivatives (Tables) [Line Items]  
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, 2023  
    Assets     Liabilities  
Type of Instrument   Balance Sheet Location   Fair Value     Balance Sheet Location   Fair Value  
                     
Cash collateral balance   Restricted cash   $ 8,699              
Commodity contracts   Derivative instruments   $ 3,974     Derivative instruments   $ 7,249  
    As of December 31, 2022  
    Assets     Liabilities  
Type of Instrument   Balance Sheet Location   Fair Value     Balance Sheet Location   Fair Value  
                     
Cash collateral balance   Restricted cash   $ 13,069              
Commodity contracts   Derivative instruments   $ 4,973     Derivative instruments   $ 6,732