Quarterly report pursuant to Section 13 or 15(d)

Derivatives (Tables)

v3.23.2
Derivatives (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2023
    Assets   Liabilities
Type of Instrument   Balance Sheet Location   Fair Value     Balance Sheet Location   Fair Value  
                     
Cash collateral balance   Restricted cash   $ 2,351    
 
    
 
  
Commodity contracts   Derivative instruments   $ 14,038     Derivative instruments   $ 8,396  
    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 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   2023     2022  
                 
Commodity contracts   Cost of goods sold   $ 5,477     $ 13,913  
        $ 5,477     $ 13,913  
        Realized (Losses) Gains  
        For the Six Months Ended
June 30,		  
Type of Instrument   Statements of Operations Location   2023     2022  
                 
Commodity contracts   Cost of goods sold   $ (2,226 )   $ 29,476  
        $ (2,226 )   $ 29,476  
        Unrealized Gains  
        For the Three Months Ended June 30,  
Type of Instrument   Statements of Operations Location   2023     2022  
                 
Commodity contracts   Cost of goods sold   $ 1,474     $ 2,706  
        $ 1,474     $ 2,706  
        Unrealized Gains (Losses)  
        For the Six Months Ended
June 30,		  
Type of Instrument   Statements of Operations Location   2023     2022  
                 
Commodity contracts   Cost of goods sold   $ 7,400     $ (7,540 )
        $ 7,400     $ (7,540 )