v3.26.1
Note 5 - Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]
  

Commodity

 

Settlement Dates

 

Electricity (In MWH)

  

Natural Gas (In Dth)

 

First quarter 2026

  20,704   807,500 

Second quarter 2026

  1,760    

Third quarter 2026

  9,152    

Fourth quarter 2026

     305,000 

First quarter 2027

     450,000 

Second quarter 2027

      

Third quarter 2027

  3,440    

Fourth quarter 2027

      
Derivatives Not Designated as Hedging Instruments [Table Text Block]
    

December 31,

 
    

2025

  

2024

 

Asset Derivatives

 

Balance Sheet Location

 

(in thousands)

 

Derivatives not designated or not qualifying as hedging instruments:

          

Energy contracts and options (1)

 

Other current assets

 $357  $582 

Energy contracts and options

 

Other assets

  204   285 

Total derivatives not designated or not qualifying as a hedging instruments — Assets

 $561  $867 
           

Liability Derivatives

          

Derivatives not designated or not qualifying as hedging instruments:

          

Energy contracts and options (1)

 

Other current liabilities

 $1,484  $428 

Energy Contracts and options

 

Other liabilities

  78   45 

Total derivatives not designated or not qualifying as a hedging instruments — Liabilities

 $1,562  $473 
    

Amount of Loss

 
    

Recognized on Derivatives

 
    

Year ended December 31,

 

(in thousands)

   

2025

  

2024

  

2023

 

Derivatives not designated or not qualifying as hedging instruments

 

Location of Loss Recognized on Derivatives

            

Energy contracts and options

 

Cost of revenues

 $4,195  $22,304  $28,887