v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured on Recurring Basis
The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis by the fair value hierarchy as of June 30, 2026 (in thousands):

Fair Value Measurements
Netting (1)
Assets (Liabilities) at Fair Value
Level 1Level 2Level 3
Commodity derivative contracts$— $4,677 $— $491 $4,186 
Total$— $4,677 $— $491 $4,186 

(1) Represents the effect of netting assets and liabilities for counterparties with which the right of offset exists.
The following table summarizes the Company’s assets measured at fair value on a recurring basis by the fair value hierarchy as of December 31, 2025 (in thousands):

Fair Value MeasurementsNetting(1)Assets (Liabilities) at Fair Value
Level 1Level 2Level 3
Commodity derivative contracts$— $3,130 $— $357 $2,773 
Total$— $3,130 $— $357 $2,773 
(1) Represents the effect of netting assets and liabilities for counterparties with which the right of offset exists.