12 unchanged sentences
For variable rate debt, interest rate changes generally do not affect the fair market value of such debt, but do impact future earnings and cash flows, assuming other factors are held constant.
−Removed: We are subject to market risk exposure related to changes in interest rates on borrowings under the Revolving Credit Facility.
−Removed: Interest on borrowings under the Revolving Credit Facility is based on Term SOFR plus or base rate plus an applicable margin.
−Removed: At September 30, 2025, we had no borrowings outstanding under the Revolving Credit Facility.
−Removed: In addition, on November 9, 2021, the Company issued 10 million shares of 6.50% Preferred Stock, valued at $100.0 million.
+Added: We are subject to market risk exposure related to changes in interest rates on borrowings under the Amended and Restated Revolving Credit Facility.
+Added: Interest on borrowings under the Amended and Restated Revolving Credit Facility is based on Term SOFR plus or base rate plus an applicable margin.
+Added: At March 31, 2026, we had no borrowings outstanding under the Amended and Restated Revolving Credit Facility.
+Added: In addition, on November 9, 2021, the Company issued 10 million 6.50% Preferred Stock, valued at $100.0 million.
The holders of Preferred Stock are entitled to a preferred annual cumulative right to a dividend equal to 6.50%.
−Removed: The shares of Preferred Stock are mandatorily redeemable on occurrence of certain events as defined in the Business Combination Agreement, but no later than April 30, 2030.
−Removed: If we fail to timely redeem the shares of Preferred
−Removed: Stock, the dividend on the shares of Preferred Stock will permanently increase to the interest rate currently being paid (whether default or not) under the Revolving Credit Facility plus 10.00%.
+Added: The shares of Preferred Stock are mandatorily redeemable on occurrence of certain events, but no later than April 30, 2030.
+Added: If we fail to timely redeem the shares of Preferred Stock, the dividend on the shares of Preferred Stock will permanently increase to the interest rate currently being paid (whether default or not) under the Amended and Restated Revolving Credit Facility plus 10.00%.
Commodity Price Risk
4 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.