Derivative Instruments

12 Months Ended

Dec. 31, 2021

Derivative Instrument Detail [Abstract]

Derivative Instruments

NOTE 10—DERIVATIVE INSTRUMENTS

To mitigate market risk associated with fluctuations in energy commodity prices (natural gas) and interest rates, the Company utilizes various hedges to secure energy commodity pricing and interest rates under a board-approved program. As a result of the hedging strategy employed, the Company had the following realized and unrealized gains and losses in the Consolidated Statements of Operations for the years ended December 31, 2021, 2020, and 2019:

		Year Ended December 31,
Derivative Instrument	Location	2021		2020			2019
Commodity Contracts:
Realized Natural Gas	Gas commodity sales	$	—	$	551		$	1,446
Unrealized Natural Gas	Other income		—		(388	)		252
Interest Rate Swaps	Interest expense		1,422		(628	)		(1,246	)
Net gain (loss)		$	1,422	$	(465	)	$	452