Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Outstanding Trading Contracts

	Quantity in	Estimated Market	Weighted Average
At June 30, 2015	Gallons	Prices	Contract Prices
Forward Contracts
Sale	4,620,000	$0.3475 - $0.5288	$	0.4760
Purchase	4,620,000	$0.3550 - $0.5025	$	0.4322

Estimated market prices and weighted average contract prices are in dollars per gallon. All contracts expire by the end of the fourth quarter of 2015.

Fair Values of Derivative Contracts Recorded in Condensed Consolidated Balance Sheet

air values of the derivative contracts recorded in the condensed consolidated balance sheets as of June 30, 2015 and December 31, 2014, are as follows:

	Asset Derivatives
		Fair Value As Of
(in thousands)	Balance Sheet Location	June 30, 2015		December 31, 2014
Derivatives not designated as hedging instruments
Forward contracts	Mark-to-market energy assets	$	212	$	407
Derivatives designated as fair value hedges
Put options	Mark-to-market energy assets	110		622
Derivatives designated as cash flow hedges
Call options	Mark-to-market energy assets	—		26
Propane swap agreements	Mark-to-market energy assets	36		—
Total asset derivatives		$	358	$	1,055

	Liability Derivatives
		Fair Value As Of
(in thousands)	Balance Sheet Location	June 30, 2015		December 31, 2014
Derivatives not designated as hedging instruments
Forward contracts	Mark-to-market energy liabilities	$	9	$	283
Propane swap agreements	Mark-to-market energy liabilities	—		735
Derivatives designated as cash flow hedges
Propane swap agreements	Mark-to-market energy liabilities	38		—
Total liability derivatives		$	47	$	1,018

Effects of Gains and Losses from Derivative Instruments on Condensed Consolidated Financial Statements

The effects of gains and losses from derivative instruments on the condensed consolidated financial statements are as follows:

		Amount of Gain (Loss) on Derivatives:
	Location of Gain	For the Three Months Ended June 30,						For the Six Months Ended June 30,
(in thousands)	(Loss) on Derivatives	2015			2014			2015			2014
Derivatives not designated as hedging instruments
Realized gain (loss) on forward contracts (1)	Revenue	$	(71	)	$	84		$	206		$	1,330
Unrealized gain (loss) on forward contracts	Revenue	203			6			78			(62		)
Call option	Cost of sales	—			—			—			137
Propane swap agreements	Cost of sales	—			—			18			—
Derivatives designated as fair value hedges
Put options	Cost of sales	—			(29		)	506			(49		)
Put options (2)	Propane Inventory	(30		)	—			(34		)	—
Derivatives designated as cash flow hedges
Propane swap agreements	Other Comprehensive loss	10			(2		)	(2		)	(2		)
Call options	Cost of sales	—			—			(81		)	—
Total		$	112		$	59		$	691		$	1,354