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Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating Revenues        
Total operating revenues $ 5,797.9 $ 6,194.7 $ 16,460.5 $ 18,079.8
Operating Expenses        
Store and other operating expenses 265.6 254.5 760.6 729.4
Depreciation and amortization 57.5 54.4 171.7 164.5
Selling, general and administrative 60.0 52.4 178.4 150.8
Accretion of asset retirement obligations 0.7 0.6 2.2 2.0
Acquisition and integration related costs 0.0 0.4 0.0 1.4
Total operating expenses 5,550.1 5,883.1 15,851.1 17,287.1
Gain (loss) on sale of assets (0.5) 0.3 (0.6) 2.2
Income (loss) from operations 247.3 311.9 608.8 794.9
Other income (expense)        
Investment income 2.1 1.4 4.7 1.8
Interest expense (24.6) (21.8) (74.5) (61.6)
Other nonoperating income (expense) (1.4) (0.8) (0.9) (2.7)
Total other income (expense) (23.9) (21.2) (70.7) (62.5)
Income before income taxes 223.4 290.7 538.1 732.4
Income tax expense (benefit) 55.7 71.2 131.3 177.2
Net Income $ 167.7 $ 219.5 $ 406.8 $ 555.2
Basic and Diluted Earnings Per Common Share        
Basic (in dollars per share) $ 7.83 $ 9.46 $ 18.80 $ 23.17
Diluted (in dollars per share) $ 7.69 $ 9.28 $ 18.47 $ 22.76
Weighted-Average Common Shares Outstanding (in thousands):        
Basic (in shares) 21,401 23,206 21,635 23,963
Diluted (in shares) 21,790 23,650 22,020 24,398
Supplemental information:        
Includes excise taxes of $ 582.1 $ 569.7 $ 1,721.0 $ 1,638.4
Petroleum product sales        
Operating Revenues        
Total operating revenues [1] 4,658.8 5,078.6 13,103.6 14,917.3
Operating Expenses        
Operating expenses 4,322.5 4,699.3 12,273.1 13,903.3
Merchandise sales        
Operating Revenues        
Total operating revenues 1,055.6 1,027.2 3,070.8 2,913.8
Operating Expenses        
Operating expenses 843.8 821.5 2,465.1 2,335.7
Other operating revenues        
Operating Revenues        
Total operating revenues $ 83.5 $ 88.9 $ 286.1 $ 248.7
[1] Includes excise taxes of $582.1 million and $1,721.0 million for the three and nine ended September 30, 2023 and $569.7 million and $1,638.4 million for the three and nine ended, September 30, 2022 respectively.