Quarterly report pursuant to Section 13 or 15(d)

FINANCIAL INSTRUMENTS (Tables)

v3.22.2.2
FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments, Gain (Loss)
The following table summarizes the effect of the Company’s financial instruments which are included within Other expense, net on the Condensed Consolidated Statements of Operations (in thousands):
Three Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Natural gas financial instruments:
Realized loss $ 12,547  $ —  $ 23,798  $ 1,202 
Unrealized loss 390  —  8,701  — 
LNG financial futures contracts:
Realized gain —  —  3,532  — 
Unrealized loss —  —  5,161  — 
Contingent Consideration
Unrealized gain 309  —  309  — 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table presents the classification of the Company’s financial instruments that are required to be measured at fair value on a recurring basis on the Company’s Condensed Consolidated Balance Sheets (in thousands):
September 30, 2022 December 31, 2021
Current assets:
LNG financial futures contracts $ —  $ 8,693 
Non-current assets:
Natural gas financial instruments 685  — 
Current liabilities:
Natural gas financial instruments 9,386  — 
Contingent Consideration 3,579  —