Derivatives (Tables)

6 Months Ended

Jun. 30, 2023

Derivatives

Disclosure of Fair Value of Derivatives

	June 30, 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		230		—				1,300		—
Coal -- risk management		—		—				1,407		—
Total	$	230	$	—			$	2,707	$	—
Total derivatives	$	230	$	—			$	2,707	$	—
Effect of counterparty netting		—		—				—		—
Net derivatives as classified in the balance sheets	$	230	$	—	$	230	$	2,707	$	—	$	2,707

Fair Value of Derivatives		June 30,		December 31,
(In thousands)		2023		2022
Net derivatives as reflected on the balance sheets (in thousands)
Heating Oil and coal	Other current assets	$	230	$	2,707
Coal	Accrued expenses and other current liabilities		—		—
		$	230	$	2,707

Effects of Derivatives on Measures of Financial Performance

Gain (Loss) Recognized		Three Months Ended June 30,				Six Months Ended June 30,
			2023		2022		2023		2022
Coal risk management — unrealized	(1)	$	(2,869)	$	(1,877)	$	(1,407)	$	(17,396)
Coal risk management— realized	(2)	$	3,587	$	(17,385)	$	6,254	$	(26,459)
Heating oil — diesel purchases	(2)	$	(1,096)	$	6,704	$	(2,378)	$	13,532

Location in Condensed Consolidated Income Statements:

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

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