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Derivative Instruments (Tables)
6 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments [Table Text Block]
As of June 30, 2024, the volume of our commodity derivative contracts were as follows:

Business unitCommodityContract Type Quantity hedged (in millions)DesignationLongest Expiration date of hedge
SharpPropane (gallons)Purchases10.5Cash flow hedgesMarch 2027
Fair Values of Derivative Contracts Recorded in Condensed Consolidated Balance Sheet June 30, 2024 and December 31, 2023, are as follows: 
 Derivative Assets
  Fair Value As Of
(in thousands)Balance Sheet LocationJune 30, 2024December 31, 2023
Derivatives designated as cash flow hedges
Propane swap agreementsDerivative assets, at fair value $866 $702 
Interest rate swap agreementsDerivative assets, at fair value 506 365 
Total Derivative Assets (1)
$1,372 $1,067 
 (1) Derivative assets, at fair value, include $1.2 million in current assets in the condensed consolidated balance sheet at June 30, 2024 and $1.0 million at December 31, 2023, with the remainder of the balance classified as long-term.
 Derivative Liabilities
  Fair Value As Of
(in thousands)Balance Sheet LocationJune 30, 2024December 31, 2023
Derivatives designated as cash flow hedges
Propane swap agreementsDerivative liabilities, at fair value$39 $1,078 
Interest rate swap agreementsDerivative liabilities, at fair value  203 
Total Derivative Liabilities (1)
$39 $1,281 
(1) Derivative liabilities, at fair value, included less than $0.1 million in current liabilities in the condensed consolidated balance sheet at June 30, 2024 and $0.4 million at December 31, 2023, with the remainder of the balance classified as long-term.
Effects of Gains and Losses from Derivative Instruments on Condensed Consolidated Financial Statements
The effects of gains and losses from derivative instruments on the condensed consolidated statements of income are as follows:
 Amount of Gain (Loss) on Derivatives
Location of GainFor the Three Months Ended June 30,For the Six Months Ended June 30,
(in thousands)(Loss) on Derivatives2024202320242023
Derivatives designated as cash flow hedges
Propane swap agreementsRevenues$ $— $(307)$733 
Propane swap agreementsUnregulated propane and natural gas costs(41)(432)1,350 (559)
Interest rate swap agreements
Interest expense170 127 342 192 
Total$129 $(305)$1,385 $366