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Derivatives (Tables) | 9 Months Ended
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Sep. 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 September 30, 2024 |
|  | Assets |  |  | Liabilities |
Type of Instrument |  | Balance Sheet Location |  | Fair Value |  |  | Balance Sheet Location |  | Fair Value |
Cash collateral balance |  | Restricted cash |  | $ | 4,903 |  |  |  |  |  |  |
Commodity contracts |  | Derivative instruments |  | $ | 36 |  |  | Derivative instruments |  | $ | 3,394 |
|  | 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 |
|  |  |  | For the Three Months Ended September 30, |
Type of Instrument |  | Statements of Operations Location |  | 2024 |  |  | 2023 |
Commodity contracts |  | Cost of goods sold |  | $ | 3,633 |  |  | $ | 6,206 |
|  |  |  | $ | 3,633 |  |  | $ | 6,206 |
|  |  |  | Realized Gains |
|  |  |  | For the Nine Months Ended September 30, |
Type of Instrument |  | Statements of Operations Location |  | 2024 |  |  | 2023 |
Commodity contracts |  | Cost of goods sold |  | $ | 923 |  |  | $ | 3,980 |
|  |  |  | $ | 923 |  |  | $ | 3,980 |
|  |  |  | Unrealized Losses |
|  |  |  | For the Three Months Ended September 30, |
Type of Instrument |  | Statements of Operations Location |  | 2024 |  |  | 2023 |
Commodity contracts |  | Cost of goods sold |  | $ | (6,199 | ) |  | $ | (8,917 | )
|  |  |  | $ | (6,199 | ) |  | $ | (8,917 | )
|  |  |  | Unrealized Gains (Losses) |
|  |  |  | For the Nine Months Ended September 30, |
Type of Instrument |  | Statements of Operations Location |  | 2024 |  |  | 2023 |
Commodity contracts |  | Cost of goods sold |  | $ | 8,079 |  |  | $ | (1,517 | )
|  |  |  | $ | 8,079 |  |  | $ | (1,517 | )

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
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- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC + Details
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