Quarterly report pursuant to Section 13 or 15(d)

FINANCIAL INSTRUMENTS (Tables)

v3.23.1
FINANCIAL INSTRUMENTS (Tables)
 3 Months Ended
Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments, Gain (Loss)
The following table summarizes the effect of the Company’s financial instruments on the Condensed Consolidated Statements of Operations (in thousands):
Three Months Ended March 31,
2023 2022
Natural gas financial instruments:
Realized gain (loss) $ 11,866  $ (715)
Unrealized gain (loss) 428  (15,101)
LNG financial futures:
Realized gain —  3,532 
Unrealized loss —  5,161 
Contingent Consideration:
Realized gain 118  — 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table presents the classification of the Company’s financial derivative assets and liabilities that are required to be measured at fair value on a recurring basis on the Company’s Condensed Consolidated Balance Sheets (in thousands):
March 31, 2023 December 31, 2022
Current assets:
Natural gas financial instruments $ 10,891  $ 10,463 
LNG financial futures —  — 
Current liabilities:
Contingent Consideration —  118