v3.25.2
Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instrument Detail [Abstract]  
Summary of Derivative Instruments
The following table presents a summary of the Company’s derivative instruments and where such values are recorded on the condensed consolidated balance sheets as of June 30, 2025 and December 31, 2024 (in thousands):
June 30, 2025December 31, 2024
Balance sheet
location		Fair valueFair value
Asset derivatives not designated as hedges for accounting purposes:
Commodity contractsCurrent assets$— $1,811 
Commodity contractsLong-term assets— — 
Total asset derivatives$— $1,811 
Liability derivatives not designated as hedges for accounting purposes:
Commodity contractsCurrent liabilities$— $— 
Commodity contractsLong-term liabilities— — 
Total liability derivatives$— $— 
Net derivatives$— $1,811 
Summary of Gross Fair Values of Recognized Derivative Assets and Liabilities, Amounts Offset Under Master Netting Arrangements With Counterparties and Resulting Net Amounts
The following table presents the gross fair values of recognized derivative assets and liabilities, the amounts offset under master netting arrangements with counterparties, and the resulting net amounts presented on the unaudited condensed consolidated balance sheets (in thousands):
June 30, 2025December 31, 2024
Gross Fair Value Gross Amounts Offset Net Fair ValueGross Fair Value Gross Amounts Offset Net Fair Value
Commodity derivative assets$— $— $— $1,916 $(105)$1,811 
Commodity derivative liabilities— — — (105)105 — 
Summary of Derivative Gains and Losses
The following table is a summary of derivative gains and losses, and where such values are recorded in the unaudited condensed consolidated statements of operations for the three and six months ended June 30, 2025 and 2024 (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
Statement of
income location		2025202420252024
Commodity derivatives gains (losses)Other income (expense)$807 $(607)$(101)$(10,657)