Annual report [Section 13 and 15(d), not S-K Item 405]

Derivatives (Tables)

v3.25.4
Derivatives (Tables)
 12 Months Ended
Dec. 31, 2025
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, 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  

  

    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 Recognized Gains (Losses) For Its Derivatives Not Designated as Hedging Instruments

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)  
    Statements of   For the Years Ended December 31,  
Type of Instrument   Operations Location   2025     2024     2023  
                       
Commodity contracts   Cost of goods sold   $ 10,747     $ (2,529 )   $ 1,647  
        $ 10,747     $ (2,529 )   $ 1,647  
        Unrealized Gains (Losses)  
    Statements of   For the Years Ended December 31,  
Type of Instrument   Operations Location   2025     2024     2023  
                       
Commodity contracts   Cost of goods sold   $ (2,679 )   $ 13,574     $ (9,678 )
        $ (2,679 )   $ 13,574     $ (9,678 )