Quarterly report pursuant to Section 13 or 15(d)

Derivatives (Tables)

v3.24.2.u1
Derivatives (Tables)
 6 Months Ended
Jun. 30, 2024
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, 2024  
    Assets     Liabilities  
Type of Instrument   Balance Sheet Location   Fair Value     Balance Sheet Location   Fair Value  
                     
Cash collateral balance   Restricted cash   $ 1,287          
Commodity contracts   Derivative instruments   $ 5,606     Derivative instruments   $ 2,764  
    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  
Schedule of Realized And Unrealized Gains and Losses 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 (Losses)  
        For the Three Months Ended
June 30,		  
Type of Instrument   Statements of Operations Location   2024     2023  
                 
Commodity contracts   Cost of goods sold   $ (2,858 )   $ 5,477  
        $ (2,858 )   $ 5,477  
        Realized Losses  
        For the Six Months Ended
June 30,		  
Type of Instrument   Statements of Operations Location   2024     2023  
                 
Commodity contracts   Cost of goods sold   $ (2,709 )   $ (2,226 )
        $ (2,709 )   $ (2,226 )

 

        Unrealized Gains  
        For the Three Months Ended
June 30,		  
Type of Instrument   Statements of Operations Location   2024     2023  
                 
Commodity contracts   Cost of goods sold   $ 11,089     $ 1,474  
        $ 11,089     $ 1,474  
        Unrealized Gains  
        For the Six Months Ended
June 30,		  
Type of Instrument   Statements of Operations Location   2024     2023  
                 
Commodity contracts   Cost of goods sold   $ 14,279     $ 7,400  
        $ 14,279     $ 7,400