Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Text Block [Abstract]

Schedule of Derivative Instruments [Table Text Block]

As of December 31, 2022, 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	20.0	Cash flow hedges	August, 2025
Sharp	Propane (gallons)	Sales	5.0	Cash flow hedges	December, 2023

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, 2022 and 2021 are as follows:

	Derivative Assets
		Fair Value as of
(in thousands)	Balance Sheet Location	December 31, 2022		December 31, 2021
Derivatives not designated as hedging instruments
Propane swap agreements	Derivative assets, at fair value	$	—	$	16
Derivatives designated as cash flow hedges
Propane swap agreements	Derivative assets, at fair value (1)	3,317		7,060
Interest rate swap agreements	Derivative assets, at fair value (1)	452		—
Total Derivative Assets		$	3,769	$	7,076

 (1) Derivative assets, at fair value include $2.8 million and $4.3 million in current assets in the consolidated balance sheet at December 31, 2022 and 2021, respectively, with the remainder of the balance classified as long-term.

	Derivative Liabilities
		Fair Value as of
(in thousands)	Balance Sheet Location	December 31, 2022		December 31, 2021
Derivatives designated as cash flow hedges
Propane swap agreements	Derivative liabilities, at fair value (1)	$	1,810	$	743
Interest rate swap agreements	Derivative liabilities, at fair value (1)	405		—
Total Derivative Liabilities		$	2,215	$	743

(1) Derivative liabilities, at fair value include $0.6 million and $0.7 million in current liabilities in the consolidated balance sheet at December 31, 2022 and 2021, respectively, with the remainder of the balance classified as long-term.

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)		2022		2021		2020
Derivatives not designated as hedging instruments
Propane swap agreements	Propane and natural gas costs	$	56	$	(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	(373)		(536)		—
Propane swap agreements	Propane and natural gas costs	3,881		7,187		2,428
Propane swap agreements	Other comprehensive income (loss)	(1,303)		9,777		7,463
Interest rate swap agreements	Interest expense	(47)		(40)		60
Interest rate swap agreements	Other comprehensive income (loss)	—		—		20
Total		$	2,214	$	16,363	$	9,993