DERIVATIVE FINANCIAL INSTRUMENTS

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE FINANCIAL INSTRUMENTS

DERIVATIVE FINANCIAL INSTRUMENTS

Depending on market conditions, Repauno enters into forward purchase and sales contracts for butane. These derivatives are short-term in nature and are used for trading purposes and classified as Level 2 derivatives.

The following table presents information related to our butane derivative contracts:

	December 31,
	2022		2021
Notional Amount (Barrel of butane (“BBL”) in thousands)	180		244
Fair Value of Assets (1)	$	1,125	$	2,220
Term	3 months		1 to 3 months

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(1) Included in Other current assets in the Consolidated and Combined Consolidated Balance Sheets as of December 31, 2022 and December 31, 2021.

There were no transfers into or out of Level 3 during the periods presented.