Derivatives (Tables)

6 Months Ended

Jun. 30, 2022

Derivatives

Schedule of Price Risk Derivatives

(Tons in thousands)	2022
Coal sales	116
Coal purchases	—

Disclosure of Fair Value of Derivatives

	June 30, 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		11,435		—				1,219		—
Coal -- risk management		—		(14,715)				4,885		(2,203)
Total	$	11,435	$	(14,715)			$	6,104	$	(2,203)
Total derivatives	$	11,435	$	(14,715)			$	6,104	$	(2,203)
Effect of counterparty netting		—		—				(1,890)		1,890
Net derivatives as classified in the balance sheets	$	11,435	$	(14,715)	$	(3,280)	$	4,214	$	(313)	$	3,901

		June 30,		December 31,
		2022		2021
Net derivatives as reflected on the balance sheets (in thousands)
Heating Oil and coal	Other current assets	$	11,435	$	4,214
Coal	Accrued expenses and other current liabilities		(14,715)		(313)
		$	(3,280)	$	3,901

Effects of Derivatives on Measures of Financial Performance

Gain (Loss) Recognized		Three Months Ended June 30,				Six Months Ended June 30,
			2022		2021		2022		2021
Coal risk management — unrealized	(1)	$	(1,877)	$	(8,762)		(17,396)	$	(9,290)
Coal risk management— realized	(2)	$	(17,385)	$	(651)		(26,459)	$	(513)
Heating oil — diesel purchases	(2)	$	6,704	$	—		13,532	$	—

Location in income statements:

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

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