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Derivative Instruments
6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments

Note 10. Derivative Instruments

The Company enters into natural gas swap contracts from time to time to hedge the exposure to variability in expected future cash flows associated with the fluctuations in the price of natural gas related to the Company’s forecasted sales. As of June 30, 2026 and December 31, 2025, the Company had no natural gas contracts outstanding.

The Company’s natural gas swap contracts economically hedge certain risks but are not designated as hedges for financial reporting purposes. All changes in the fair value of these derivative instruments are recorded as other revenues in the Condensed Statements of Operations. The Company had no gains or losses in the three and six months ended June 30, 2026. The Company had realized losses of $0.4 million and $0.9 million and an unrealized gain of $1.8 million and unrealized loss of $0.4 million, respectively, for the three and six months ended June 30, 2025.