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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis
Financial assets and liabilities measured at fair value on a recurring basis were as follows:
Level 1Level 2Level 3Total
(In thousands)
Assets
March 31, 2025:
Assets:
Equity securities$18,064 $— $— $18,064 
Liabilities:
Commodity derivative instruments$— $(2,865)$— $(2,865)
December 31, 2024:
Assets:
Equity securities$23,135 $— $— $23,135 
Commodity derivative instruments$— $2,114 $— $2,114 
Offsetting Assets
Information about financial instruments that are eligible for offset in the condensed consolidated balance sheets as of March 31, 2025 and December 31, 2024 were as follows:
March 31, 2025December 31, 2024
(In thousands)
Commodity derivative contracts
Gross amounts of recognized assets$2,787 $3,220 
Gross amounts offset on the balance sheet(2,787)(1,106)
Net amount of assets on the balance sheet$— $2,114 
Commodity derivative liabilities
Gross amounts of recognized liabilities$5,652 $1,106 
Gross amount offset on the balance sheet(2,787)(1,106)
Net amounts of liabilities on the balance sheet$2,865 $—