Trade Accounts Receivable

3 Months Ended

Mar. 31, 2023

Receivables [Abstract]

Trade Accounts Receivable

Trade Accounts Receivable

The allowance for credit losses, which was $1.2 million at both March 31, 2023, and December 31, 2022, represents our best estimate of the amount of probable credit losses included within our existing accounts receivable balance.

For the three months ended March 31, 2022, we recognized a reversal of $0.5 million to our provision for expected credit losses. Favorable market conditions for customers, attributable to sustained increases in commodity prices, was the primary factor supporting the recorded decrease to the allowance for credit losses for the three months ended March 31, 2022.