Derivatives (Tables)

3 Months Ended

Mar. 31, 2022

Derivatives

Schedule of Price Risk Derivatives

(Tons in thousands)	2022
Coal sales	221
Coal purchases	11

Disclosure of Fair Value of Derivatives

	March 31, 2022						December 31, 2021
Fair Value of Derivatives	Asset		Liability				Asset		Liability
(In thousands)	Derivative		Derivative				Derivative		Derivative
Derivatives Not Designated as Hedging Instruments
Heating oil -- diesel purchases		8,547		—				1,219		—
Coal -- risk management		—		(12,838)				4,885		(2,203)
Total	$	8,547	$	(12,838)			$	6,104	$	(2,203)
Total derivatives	$	8,547	$	(12,838)			$	6,104	$	(2,203)
Effect of counterparty netting		—		—				(1,890)		1,890
Net derivatives as classified in the balance sheets	$	8,547	$	(12,838)	$	(4,291)	$	4,214	$	(313)	$	3,901

		March 31,		December 31,
		2022		2021
Net derivatives as reflected on the balance sheets (in thousands)
Heating Oil and coal	Other current assets	$	8,547	$	4,214
Coal	Accrued expenses and other current liabilities		(12,838)		(313)
		$	(4,291)	$	3,901

Effects of Derivatives on Measures of Financial Performance

		Gain (Loss) Recognized
			2022		2021
Coal risk management — unrealized	(3)	$	(15,519)	$	(528)
Coal risk management— realized	(4)	$	(9,074)	$	138
Heating oil — diesel purchases	(4)	$	6,801	$	—

Location in statement of operations:

(1) — Revenues

(2) — Cost of sales

(3) — Change in fair value of coal derivatives and coal trading activities, net

(4) — Other operating (income) expense, net