Derivatives (Tables)

3 Months Ended

Mar. 31, 2023

Derivatives

Schedule of Price Risk Derivatives

(Tons in thousands)	2023
Coal sales	26
Coal purchases	—

Disclosure of Fair Value of Derivatives

	March 31, 2023						December 31, 2022
Fair Value of Derivatives	Asset		Liability				Asset		Liability
(In thousands)	Derivative		Derivative				Derivative		Derivative
Derivatives Not Designated as Hedging Instruments
Heating oil -- diesel purchases		1,101		—				1,300		—
Coal -- risk management		2,869		—				1,407		—
Total	$	3,970	$	—			$	2,707	$	—
Total derivatives	$	3,970	$	—			$	2,707	$	—
Effect of counterparty netting		—		—				—		—
Net derivatives as classified in the balance sheets	$	3,970	$	—	$	3,970	$	2,707	$	—	$	2,707

Fair Value of Derivatives		March 31,		December 31,
(In thousands)		2023		2022
Net derivatives as reflected on the balance sheets (in thousands)
Heating Oil and coal	Other current assets	$	3,970	$	2,707
Coal	Accrued expenses and other current liabilities		—		—
		$	3,970	$	2,707

Effects of Derivatives on Measures of Financial Performance

Gain (Loss) Recognized		Gain (Loss) Recognized
			2023		2022
Coal risk management — unrealized	(1)	$	1,462	$	(15,519)
Coal risk management— realized	(2)	$	2,667	$	(9,074)
Heating oil — diesel purchases	(2)	$	(1,282)	$	6,801

Location in Condensed Consolidated Income Statements:

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

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