Annual report pursuant to Section 13 and 15(d)

Derivatives (Tables)

v3.24.0.1
Derivatives (Tables)
 12 Months Ended
Dec. 31, 2023
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 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  
  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  
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  
        For the Years Ended December 31,  
Type of Instrument   Statements of Operations Location   2023     2022     2021  
                       
Commodity contracts   Cost of goods sold   $ 1,647     $ 23,280     $ 32,618  
        $ 1,647     $ 23,280     $ 32,618  
        Unrealized Losses  
        For the Years Ended December 31,  
Type of Instrument   Statements of Operations Location   2023     2022     2021  
                       
Commodity contracts   Cost of goods sold   $ (9,678 )   $ (4,017 )   $ (10,999 )
        $ (9,678 )   $ (4,017 )   $ (10,999 )