v3.25.4
DERIVATIVES AND HEDGING ACTIVITIES (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value The following table presents the fair value of derivative assets and liabilities related to the interest rate swap contracts:
December 31December 31
20252024
(In thousands)
Derivatives assets - current$4 $504 
      Total derivative assets$4 $504 
Derivative liabilities - current$135 $1,206 
      Total derivative liabilities$135 $1,206 
The following table presents interest rate swap derivatives activities for the years ended December 31, 2025, 2024 and 2023:
For the Year Ended December 31,
202520242023
(In thousands)
Realized gain on interest rate swaps$608 $13,149 $12,651 
Favorable fair value adjustment$1,179 $13,482 $17,270 
The following table presents the fair value of derivative assets and liabilities related to commodity swaps:
December 31December 31
20252024
(In thousands)
Derivatives assets - current$13,902 $1,804 
Derivative assets - noncurrent1,467 65 
      Total derivative assets$15,369 $1,869 
Derivative liabilities - current$5,371 $8,805 
Derivative liabilities - noncurrent
— 1937 
      Total derivative liabilities$5,371 $10,742 
The following table presents commodity swap derivatives activities for the years ended December 31, 2025, 2024 and 2023:
For the Year Ended December 31,
202520242023
(In thousands)
Realized gain (loss) on commodity swaps
$3,679 $(20,407)$13,056 
Favorable (unfavorable) fair value adjustment
$22,550 $(31,195)$16,400 
Schedule of Detail Information of Commodity Swaps Outstanding
The table below presents detail information of commodity swaps outstanding as of December 31, 2025 (in thousands, except volumes):
December 31, 2025
CommodityUnitVolumeNet Fair Value
(In thousands)
Natural GasMMBtus6,660,000 $2,611 
NGLGallons178,367,700 7,933 
CrudeBbl601,200 3,618 
Natural Gas Basis Spread SwapsMMBtus13,220,000 (4,164)
$9,998