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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Measurements  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table sets forth financial assets and liabilities measured at fair value on a recurring basis in the consolidated balance sheets and the respective levels to which the fair value measurements are classified within the fair value hierarchy as of March 31, 2025 and December 31, 2024 (in thousands):

Quoted Prices

Significant

in Active

Other

Significant

Markets for

Observable

Unobservable

Identical Assets

Inputs

Inputs

Total

(Level 1)

(Level 2)

(Level 3)

March 31, 2025

Short-term investments

$

19,636

$

-

$

19,636

$

-

Commodity futures – financial assets

17,956

-

17,956

-

Commodity futures – financial liabilities

27,221

-

27,221

-

December 31, 2024

Short-term investments

$

147,811

$

-

$

147,811

$

-

Commodity futures – financial assets

19,323

-

19,323

-

Commodity futures – financial liabilities

6,272

-

6,272

-