Company: ACTG
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000934549-25-000054
Chunk: 46

Company: ACACIA RESEARCH CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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.1 million as of September 30, 2025 and December 31, 2024, respectively and was recorded in prepaid expenses and other current assets and other non-current assets, in the consolidated balance sheet (refer to Note 2 to the consolidated financial statements included in our 2024 Annual Report).Financial assets and liabilities measured at fair value on a recurring basis were as follows:Level 1Level 2Level 3Total(In thousands)AssetsSeptember 30, 2025:Equity securities$27,193 $— $— $27,193 Commodity derivative instruments$— $3,608 $— $3,608 December 31, 2024:Equity securities$23,135 $— $— $23,135 Commodity derivative instruments$— $2,114 $— $2,114 Information about financial instruments that are eligible for offset in the consolidated balance sheets were as follows:September 30, 2025December 31, 2024(In thousands)Commodity derivative assetsGross amount of recognized assets$4,479 $3,220 Gross amount offset on the balance sheet(871)(1,106)Net amount of assets on the balance sheet$3,608 $2,114 Commodity derivative liabilitiesGross amount of recognized liabilities$871 $1,106 Gross amount offset on the balance sheet(871)(1,106)Net amount of liabilities on the balance sheet$— $— Benchmark’s realized derivative gain was $1.2 million and $715,000 for the three months ended September 30, 2025 and 2024, respectively. Benchmark’s realized derivative gain was $2.0 million and $1.6 million for the nine months ended September 30, 2025 and 2024, respectively. Benchmark’s unrealized derivative gain was $706,000 and $7.3 million for the three months ended September 30, 2025 and 2024, respectively. Benchmark’s unrealized derivative gain was $1.5 million and $3.9 million for the nine months ended September 30, 2025 and 2024, respectively. In accordance with U.S. GAAP, from time to time, the Company measures certain assets and liabilities at fair value on a nonrecurring basis. Assets and liabilities accounted for on a non-recurring basis include asset retirement obligations