v3.26.1
Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables set forth financial assets and liabilities measured at fair value in the condensed balance sheets and the respective levels to which fair value measurements are classified within the fair value hierarchy as of March 31, 2026 and December 31, 2025:
 
Fair Value as of March 31, 2026
 Level 1Level 2Level 3Total
Financial assets (liabilities):    
Inventory$— $181,823,315 $— $181,823,315 
Commodity derivative instruments$(25,225,794)$(14,321,698)$— $(39,547,492)
Provisionally priced contracts$— $(13,139,403)$— $(13,139,403)
 
Fair Value as of December 31, 2025
 Level 1Level 2Level 3Total
Financial assets (liabilities):    
Inventory$— $131,760,675 $— $131,760,675 
Commodity derivative instruments$604,866 $1,286,446 $— $1,891,312 
Provisionally priced contracts$— $(16,872,958)$— $(16,872,958)