The following tables present assets and liabilities measured and recorded at fair value in our condensed consolidated balance sheets on a recurring basis by and their level within the fair value hierarchy (in thousands):


	Level 1		Level 2		Level 3		Total
June 30, 2025
Non-trading commodity derivative assets	$	567	$	2,607	$	—	$	3,174
Trading commodity derivative assets	—		102		—		102
Total commodity derivative assets	$	567	$	2,709	$	—	$	3,276
Non-trading commodity derivative liabilities	$	—	$	(417)	$	—	$	(417)
Trading commodity derivative liabilities	—		(111)		—		(111)
Total commodity derivative liabilities	$	—	$	(528)	$	—	$	(528)


	Level 1		Level 2		Level 3		Total
December 31, 2024
Non-trading commodity derivative assets	$	445	$	6,690	$	—	$	7,135
Trading commodity derivative assets	—		2,028		—		2,028
Total commodity derivative assets	$	445	$	8,718	$	—	$	9,163
Non-trading commodity derivative liabilities	$	(180)	$	(1,432)	$	—	$	(1,612)
Trading commodity derivative liabilities	—		(144)		—		(144)
Total commodity derivative liabilities	$	(180)	$	(1,576)	$	—	$	(1,756)