Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2024

Text Block [Abstract]

Schedule of Derivative Instruments [Table Text Block]

As of December 31, 2024, 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	10.8	Cash flow hedges	March 2027

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, 2024 and 2023 are as follows:

	Derivative Assets
		Fair Value as of
(in millions)	Balance Sheet Location	December 31, 2024		December 31, 2023
Derivatives designated as cash flow hedges
Propane swap agreements	Derivative assets, at fair value	$	0.6	$	0.7
Interest rate swap agreements	Derivative assets, at fair value	0.1		0.3
Total Derivative Assets (1)		$	0.7	$	1.0

 (1) Derivative assets, at fair value included $0.6 million and $1.0 million in current assets in the consolidated balance sheets at December 31, 2024 and 2023, respectively, with the remainder of the balance classified as long-term.

	Derivative Liabilities
		Fair Value as of
(in millions)	Balance Sheet Location	December 31, 2024		December 31, 2023
Derivatives designated as cash flow hedges
Propane swap agreements	Derivative liabilities, at fair value	$	—	$	1.1
Interest rate swap agreements	Derivative liabilities, at fair value	0.1		0.2
Total Derivative Liabilities (1)		$	0.1	$	1.3

(1) There were no current derivative liabilities at December 31, 2024. At December 31, 2023, current derivative liabilities amounted to $0.4 million 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 and their location in the consolidated statements of income are as follows:

	Amount of Gain (Loss) on Derivatives:
	Location of Gain (Loss) on Derivatives	For the Year Ended December 31,
(in millions)		2024		2023		2022
Derivatives not designated as hedging instruments
Propane swap agreements	Propane and natural gas costs	$	—	$	—	$	0.1
Derivatives designated as cash flow hedges
Propane swap agreements	Revenues	(0.3)		1.2		(0.4)
Propane swap agreements	Propane and natural gas costs	1.3		(1.1)		3.8
Interest rate swap agreements	Interest expense	0.8		0.5		—
Total		$	1.8	$	0.6	$	3.5