5 unchanged sentences
In addition, we focus on utilizing counterparties for these transactions whose financial condition is appropriate for the credit risk involved in each specific transaction.
−Removed: There were no open hedging arrangements as of June 30, 2020.
+Added: We have entered into hedging transactions as of September 30, 2020 to protect a portion of our commodity price risk exposure.
+Added: These hedging arrangements are in the form of swaps and options for NGLs.
+Added: We have instruments totaling a gross notional quantity of 645,000 barrels settling during the period from October 31, 2020 through January 31, 2021.
+Added: These instruments settle against the applicable pricing source for each grade and location.
+Added: These instruments are recorded on our Consolidated and Condensed Balance Sheets at September 30, 2020 in "Fair value of derivatives" as a current liability of $0.4 million.
+Added: Based on the current net notional volume hedged as of September 30, 2020, a $0.10 change in the expected settlement price of these contracts would result in an impact to our net income of approximately $2.7 million.
Interest Rate Risk.
−Removed: We are exposed to changes in interest rates as a result of our credit facility, which had a weighted-average interest rate of 3.44% as of June 30, 2020.
−Removed: Based on the amount of unhedged floating rate debt owed by us on June 30, 2020, the impact of a 100 basis point increase in interest rates on this amount of debt would result in an increase in interest expense and a corresponding decrease in net income of approximately $1.8 million annually.
−Removed: We are not exposed to changes in interest rates with respect to our 2021 Notes as these obligations are fixed rate.
−Removed: The estimated fair value of the 2021 Notes was approximately $294.7 million as of June 30, 2020, based on market prices of similar debt at June 30, 2020.
+Added: We are exposed to changes in interest rates as a result of our credit facility, which had a weighted-average interest rate of 4.75% as of September 30, 2020.
+Added: Based on the amount of unhedged floating rate debt owed by us on September 30, 2020, the impact of a 100 basis point increase in interest rates on this amount of debt would result in an increase in interest expense and a corresponding decrease in net income of approximately $2.1 million annually.
+Added: We are not exposed to changes in interest rates with respect to our 2021 Notes, 2024 Notes, and 2025 Notes as these obligations are fixed rate.
+Added: Based on the market prices of similar debt at September 30, 2020, the estimated fair value of the 2021 Notes, 2024 Notes and 2025 Notes was $27.6 million, $54.4 million and $261.5 million respectively.
Market risk is estimated as the potential decrease in fair value of our long-term debt resulting from a hypothetical increase of a 100 basis point increase in interest rates.
−Removed: Such an increase in interest rates would result in approximately a $1.5 million decrease in the fair value of our long-term debt at June 30, 2020.
+Added: Such an increase in interest rates at September 30, 2020, would result in no decrease in the fair value of our 2021 Notes, a $1.5 million decrease in the fair value of our 2024 Notes, and a $8.4 million decrease in the fair value of our 2025 Notes.
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.