FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2026

Financial assets and liabilities measured at fair value on a recurring basis were as follows:


	Level 1		Level 2		Level 3		Total
	(In thousands)
Assets
September 30, 2026:
Equity securities	$	3,786	$	—	$	—	$	3,786
Commodity derivative instruments	—		—		—		—
Bitcoin option contracts	1		—		—		1
Total	$	3,787	$	—	$	—	$	3,787

December 31, 2025:
Equity securities	$	17,551	$	—	$	—	$	17,551
Commodity derivative instruments	—		5,832		—		5,832
Bitcoin option contracts	162		—		—		162
Total	$	17,713	$	5,832	$	—	$	23,545

Liabilities
September 30, 2026:
Commodity derivative instruments	$	—	$	3,858	$	—	$	3,858




December 31, 2025:
Commodity derivative instruments	$	—	$	—	$	—	$	—

Information about financial instruments that are eligible for offset in the consolidated balance sheets were as follows:



	September 30, 2026		December 31, 2025
	(In thousands)
Commodity derivative assets
Gross amount of recognized assets	$	2,635	$	6,229
Gross amount offset on the balance sheet	(2,635)		(397)
Net amount of assets on the balance sheet	$	—	$	5,832

Commodity derivative liabilities
Gross amount of recognized liabilities	$	6,493	$	397
Gross amount offset on the balance sheet	(2,635)		(397)
Net amount of liabilities on the balance sheet	$	3,858	$	—

Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements.