v3.26.1
Note 7 - Derivative Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

Settlement Dates

 

Volume

 
  

Electricity (in MWH)

  

Gas (in Dth)

 

Third quarter of 2026

  8,960   — 

Fourth quarter of 2026

  1,240   — 

First quarter of 2027

  6,400   — 

Second quarter of 2027

  —   — 

Third quarter of 2027

  3,440   — 

Fourth quarter of 2027

  —   — 

First quarter of 2028

  —   — 
Derivatives Not Designated as Hedging Instruments [Table Text Block]
    

June 30,

  

December 31,

 

Asset Derivatives

 

Balance Sheet Location

 

2026

  

2025

 
    

(in thousands)

 

Derivatives not designated or not qualifying as hedging instruments:

          

Energy contracts and options1

 

Other current assets

 $436  $357 

Energy contracts and options

 

Other assets

  47   204 

Total derivatives not designated or not qualifying as hedging instruments — Assets

   $483  $561 
    

June 30,

  

December 31,

 

Liability Derivatives

 

Balance Sheet Location

 

2026

  

2025

 
    

(in thousands)

 

Derivatives not designated or not qualifying as hedging instruments:

          

Energy contracts and options1

 

Other current liabilities

 $212  $1,484 

Energy contracts and options

 

Other liabilities

  42   78 

Total derivatives not designated or not qualifying as hedging instruments — Liabilities

 $254  $1,562 
    

Amount of Gain (Loss) Recognized on Derivatives

 

Derivatives not designated or not qualifying as

 

Location of Gain (Loss)

 

Three Months Ended June 30,

  

Six Months Ended June 30,

 

hedging instruments

 

Recognized on Derivatives

 

2026

  

2025

  

2026

  

2025

 
    

(in thousands)

  

(in thousands)

 

Energy contracts and options

 

Cost of revenues

 $(1,597) $(3,992) $1,697  $(818)