4 unchanged sentences
As a result, we could be exposed to embedded losses should our product costs exceed the firm sales prices at the end of a reporting period.
−Removed: At March 31, 2022, we had no embedded losses associated with sales commitments with firm sales prices.
+Added: At June 30, 2022, we had no embedded losses associated with sales commitments with firm sales prices.
Commodity Price Risk
2 unchanged sentences
Generally, these contracts are considered normal purchases because they provide for the purchase of natural gas that will be delivered in quantities expected to be used over a reasonable period of time in the normal course of business, these contracts are exempt from the accounting and reporting requirements relating to derivatives.
−Removed: At March 31, 2022, we had no outstanding natural gas contracts.
+Added: At June 30, 2022, we had no outstanding natural gas contracts which are accounted for on a mark-to-market basis.
Interest Rate Risk
Generally, we are exposed to variable interest rate risk with respect to our revolving credit facility.
−Removed: As of March 31, 2022, we had no outstanding borrowings on this credit facility and no other variable rate borrowings.
+Added: As of June 30, 2022, we had no outstanding borrowings on this credit facility and no other variable rate borrowings.
We currently do not hedge our interest rate risk associated with our variable interest loan.
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.