The following tables present assets and liabilities measured and recorded at fair value in our condensed consolidated balance sheets on a recurring basis by and their level within the fair value hierarchy (in thousands):


	Level 1		Level 2		Level 3		Total
March 31, 2026
Non-trading commodity derivative assets	$	176	$	3,107	$	—	$	3,283
Trading commodity derivative assets	187		19		—		206
Total commodity derivative assets	$	363	$	3,126	$	—	$	3,489
Non-trading commodity derivative liabilities	$	—	$	(5,269)	$	—	$	(5,269)
Trading commodity derivative liabilities	—		(650)		—		(650)
Total commodity derivative liabilities	$	—	$	(5,919)	$	—	$	(5,919)


	Level 1		Level 2		Level 3		Total
December 31, 2025
Non-trading commodity derivative assets	$	—	$	2,985	$	—	$	2,985
Trading commodity derivative assets	—		291		—		291
Total commodity derivative assets	$	—	$	3,276	$	—	$	3,276
Non-trading commodity derivative liabilities	$	—	$	(980)	$	—	$	(980)
Trading commodity derivative liabilities	—		(1,231)		—		(1,231)
Total commodity derivative liabilities	$	—	$	(2,211)	$	—	$	(2,211)