Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2021

Text Block [Abstract]

Schedule of Derivative Instruments [Table Text Block]

As of December 31, 2021, the volume of our open commodity derivative contracts were as follows:

Business unit	Commodity	Contract Type	Quantity hedged (in millions)	Designation	Longest expiration date of hedge
Sharp	Propane (gallons)	Purchases	21.2	Cash flow hedges	June, 2024
Sharp	Propane (gallons)	Sales	4.4	Cash flow hedges	December, 2022
Sharp	Propane (gallons)	Purchases	0.3	N/A	March 2022

Schedule of Due to (from) Broker-Dealers and Clearing Organizations [Table Text Block]

(in thousands)	Balance Sheet Location	December 31, 2021		December 31, 2020
Sharp	Other Current Liabilities	$	4,081	$	1,505

Fair Values of Derivative Contracts Recorded in Consolidated Balance Sheets

Fair values of the derivative contracts recorded in the consolidated balance sheets as of December 31, 2021 and 2020 are as follows:

	Derivative Assets
		Fair Value as of
(in thousands)	Balance Sheet Location	December 31, 2021		December 31, 2020
Derivatives not designated as hedging instruments
Propane swap agreements	Derivative assets, at fair value	$	16	$	—
Derivatives designated as fair value hedges
Propane put options	Derivative assets, at fair value	—		14
Derivatives designated as cash flow hedges
Propane swap agreements	Derivative assets, at fair value	7,060		3,255
Total Derivative Assets		$	7,076	$	3,269

 

	Derivative Liabilities
		Fair Value as of
(in thousands)	Balance Sheet Location	December 31, 2021		December 31, 2020
Derivatives designated as fair value hedges
Propane put options	Derivative liabilities, at fair value	$	—	$	23
Derivatives designated as cash flow hedges
Propane swap agreements	Derivative liabilities, at fair value	743		64
Interest rate swap agreements	Derivative liabilities, at fair value	—		40
Total Derivative Liabilities		$	743	$	127

Derivative Instruments, Gain (Loss) [Table Text Block]

The effects of gains and losses from derivative instruments are as follows:

	Amount of Gain (Loss) on Derivatives:
	Location of Gain (Loss) on Derivatives	For the Year Ended December 31,
(in thousands)		2021		2020		2019
Derivatives not designated as hedging instruments
Propane swap agreements	Propane and natural gas costs	$	(1)	$	—	$	—
Derivatives designated as fair value hedges
Put/Call option	Propane and natural gas costs	(24)		(12)		—
Put/Call option	Propane inventory	—		34		—
Derivatives designated as cash flow hedges
Propane swap agreements	Revenues	(536)		—		—
Propane swap agreements	Propane and natural gas costs	7,187		2,428		1,520
Propane swap agreements	Other comprehensive income (loss)	3,126		5,035		(253)
Interest rate swap agreements	Interest expense	(28)		60		—
Interest rate swap agreements	Other comprehensive income (loss)	—		(40)		—
Natural gas swap contracts	Other comprehensive income (loss)	—		—		(63)
Natural gas futures contracts	Other comprehensive income (loss)	—		—		(294)
Total		$	9,724	$	7,505	$	910