3 unchanged sentences
Commodity Price Risk
−Removed: There were commodity-based derivative contracts in place as of June 30, 2025, covering certain future U.S.
+Added: There were commodity-based derivative contracts in place as of September 30, 2025, covering certain future U.S.
natural gas sales volumes in 2025.
−Removed: A 10% increase in the respective benchmark price of these commodities would have increased the net payable associated with these derivative contracts by approximately $4.1 million, while a 10% decrease would have decreased the recorded net payable by a similar amount, resulting in a receivable.
+Added: A 10% increase in the respective benchmark price of these commodities would have decreased the net receivable associated with these derivative contracts by approximately $1.8 million, while a 10% decrease in the respective benchmark price would have increased the recorded net receivable by a similar amount.
Foreign Exchange Risk
−Removed: There were no derivative foreign exchange contracts in place at June 30, 2025.
+Added: There were no derivative foreign exchange contracts in place at September 30, 2025.
Interest Rate Risk
The Company’s senior unsecured RCF provides for variable interest rate borrowings.
−Removed: As of June 30, 2025, we had $200.0 million of outstanding borrowings under the RCF.
+Added: As of September 30, 2025, we had $150.0 million of outstanding borrowings under the RCF.
Assuming no change in the amount of borrowings outstanding under the RCF, a 10% increase in the average interest rate would have increased our quarterly interest expense by approximately $0.3 million.
1 unchanged sentence
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.