Derivatives (Tables)

12 Months Ended

Dec. 31, 2022

Derivatives

Schedule of Price Risk Derivatives

(Tons in thousands)	2023
Coal sales	39
Coal purchases	—

Disclosure of Fair Value of Derivatives

	December 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		1,300		—				1,219		—
Coal -- risk management		1,407		—				4,885		(2,203)
Total	$	2,707	$	—			$	6,104	$	(2,203)
Total derivatives	$	2,707	$	—			$	6,104	$	(2,203)
Effect of counterparty netting		—		—				(1,890)		1,890
Net derivatives as classified in the balance sheets	$	2,707	$	—	$	2,707	$	4,214	$	(313)	$	3,901

Fair Value of Derivatives		December 31,		December 31,
(In thousands)		2022		2021
Net derivatives as reflected on the balance sheets (in thousands)
Heating Oil and coal	Other current assets	$	2,707	$	4,214
Coal	Accrued expenses and other current liabilities		—		(313)
		$	2,707	$	3,901

Effects of Derivatives on Measures of Financial Performance

Derivatives used in Cash Flow Hedging Relationships (in thousands)

For the noted periods,

		Gain (Loss) Recognized in Other Comprehensive
		Income (Effective Portion)
		Year Ended		Year Ended		Year Ended
		December 31,		December 31,		December 31,
		2022		2021		2020
Coal sales	(1)	$	—	$	—	$	500
Coal purchases	(2)		—		—		(496)
		$	—	$	—	$	4

	Gains (Losses) Reclassified from Other
	Comprehensive Income into Income
	(Effective Portion)
	Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,
	2022		2021		2020
Coal sales	$	—	$	—	$	(1,850)
Coal purchases		—		—		1,458
	$	—	$	—	$	(392)

Derivatives Not Designated as Hedging Instruments (in thousands)

For the noted periods,

		Gain (Loss) Recognized
		Year Ended		Year Ended		Year Ended
		December 31,		December 31,		December 31,
		2022		2021		2020
Coal trading— realized and unrealized	(3)	$	—	$	—	$	222
Coal risk management— unrealized	(3)		(1,274)		2,392		(5,517)
Natural gas trading — realized and unrealized	(3)		—		—		76
Change in fair value of coal derivatives and coal trading activities, net total		$	(1,274)	$	2,392	$	(5,219)
Coal risk management — realized	(4)	$	(42,068)	$	(27,464)	$	9,258
Heating oil — diesel purchases	(4)	$	8,309	$	—	$	(558)

Location in Consolidated Statements 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, net