2 unchanged sentences
We are exposed to commodity price risk on sales of coal.
−Removed: We typically sell our met coal under contracts primarily with pricing terms of three months and volume terms of one to three years.
−Removed: Sales commitments in the met coal market are typically not long-term in nature, and we are, therefore, subject to fluctuations in market pricing.
−Removed: We enter into natural gas swap contracts to hedge the exposure to variability in expected future cash flows associated with the fluctuations in the price of natural gas related to our forecasted sales.
+Added: We typically sell our steelmaking coal under contracts primarily with pricing terms of three months and volume terms of one to three years.
+Added: Sales commitments in the steelmaking coal market are typically not long-term in nature, and we are, therefore, subject to fluctuations in market pricing.
+Added: We occasionally enter into natural gas swap contracts to hedge the exposure to variability in expected future cash flows associated with the fluctuations in the price of natural gas related to our forecasted sales.
Our natural gas swap contracts economically hedge certain risk but are not designated as hedges for financial reporting purposes.
All changes in the fair value of these derivative instruments are recorded as other revenues in the Statements of Operations.
−Removed: All of our derivative instruments were entered into for hedging purposes rather than speculative trading.
+Added: Historically, all of our derivative instruments were entered into for hedging purposes rather than speculative trading.
As of December 31, 2023, the Company had no natural gas swap contracts outstanding.
23 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.