Segment Information (Tables)

9 Months Ended

Sep. 30, 2016

Summarized financial information concerning reportable segments consists of the following (in thousands):



Three months ended September 30, 2016	Refining			Logistics (1)		Retail		Texadian			Corporate, Eliminations and Other (2)			Total
Revenues	$	462,975		$	28,107	$	75,577	$	15,705		$	(72,059	)	$	510,305
Cost of revenues (excluding depreciation)	439,477			19,334		56,365		15,629			(71,509		)	459,296
Operating expense (excluding depreciation)	35,910			4,686		10,461		—			173			51,230
Lease operating expense	—			—		—		—			10			10
Depreciation, depletion and amortization	5,755			1,275		1,898		162			553			9,643
General and administrative expense	—			—		—		—			9,863			9,863
Acquisition and integration expense	—			—		—		—			2,047			2,047
Operating income (loss)	$	(18,167	)	$	2,812	$	6,853	$	(86	)	$	(13,196	)	$	(21,784	)
Interest expense and financing costs, net														(11,232		)
Other income (expense), net														(56		)
Change in value of common stock warrants														657
Change in value of contingent consideration														1,025
Equity earnings from Laramie Energy, LLC														3,659
Loss before income taxes														(27,731		)
Income tax expense														(30		)
Net loss														$	(27,761	)

Capital expenditures	$	3,820		$	266	$	1,636	$	—		$	1,863		$	7,585



Three months ended September 30, 2015	Refining		Logistics (1)		Retail		Texadian			Corporate, Eliminations and Other (2)			Total
Revenues	$	458,238	$	21,045	$	81,434	$	10,904		$	(76,118	)	$	495,503
Cost of revenues (excluding depreciation)	394,254		12,566		60,655		13,796			(76,118		)	405,153
Operating expense (excluding depreciation)	27,264		1,304		9,479		—			—			38,047
Lease operating expense	—		—		—		—			1,575			1,575
Depreciation, depletion and amortization	1,717		848		1,492		231			308			4,596
Impairment expense	—		—		—		9,639			—			9,639
General and administrative expense	—		—		—		—			9,939			9,939
Acquisition and integration expense	—		—		—		—			280			280
Operating income (loss)	$	35,003	$	6,327	$	9,808	$	(12,762	)	$	(12,102	)	$	26,274
Interest expense and financing costs, net													(4,387		)
Other income (expense), net													(45		)
Change in value of common stock warrants													(1,023		)
Change in value of contingent consideration													(4,255		)
Equity losses from Laramie Energy, LLC													(1,355		)
Income before income taxes													15,209
Income tax expense													(469		)
Net income													$	14,740

Capital expenditures	$	1,729	$	1,976	$	213	$	10		$	2,056		$	5,984

________________________________________________________


(1)	Our logistics operations consist primarily of intercompany transactions which eliminate on a consolidated basis.


(2)	Includes eliminations of intersegment Revenues and Cost of revenues (excluding depreciation) of $72.1 million and $76.1 million for the three months ended September 30, 2016 and 2015, respectively.



Nine months ended September 30, 2016	Refining			Logistics (1)		Retail		Texadian			Corporate, Eliminations and Other (2)			Total
Revenues	$	1,172,164		$	73,686	$	215,952	$	37,884		$	(197,777	)	$	1,301,909
Cost of revenues (excluding depreciation)	1,112,730			48,707		162,831		39,432			(197,353		)	1,166,347
Operating expense (excluding depreciation)	85,053			8,906		31,059		—			173			125,191
Lease operating expense	—			—		—		—			134			134
Depreciation, depletion and amortization	9,649			3,116		4,930		504			1,640			19,839
General and administrative expense	—			—		—		—			31,654			31,654
Acquisition and integration expense	—			—		—		—			3,563			3,563
Operating income (loss)	$	(35,268	)	$	12,957	$	17,132	$	(2,052	)	$	(37,588	)	$	(44,819	)
Interest expense and financing costs, net														(21,951		)
Other income (expense), net														60
Change in value of common stock warrants														3,477
Change in value of contingent consideration														10,753
Equity losses from Laramie Energy, LLC														(15,159		)
Loss before income taxes														(67,639		)
Income tax benefit														8,117
Net loss														$	(59,522	)

Capital expenditures	$	10,947		$	1,151	$	3,699	$	—		$	3,479		$	19,276



Nine months ended September 30, 2015	Refining		Logistics (1)		Retail		Texadian			Corporate, Eliminations and Other (2)			Total
Revenues	$	1,491,309	$	61,822	$	209,091	$	76,983		$	(216,332	)	$	1,622,873
Cost of revenues (excluding depreciation)	1,334,045		35,649		158,383		78,130			(218,517		)	1,387,690
Operating expense (excluding depreciation)	73,597		4,040		25,161		—			—			102,798
Lease operating expense	—		—		—		—			4,614			4,614
Depreciation, depletion and amortization	5,456		2,267		3,675		689			765			12,852
Impairment expense	—		—		—		9,639			—			9,639
General and administrative expense	—		—		—		—			31,878			31,878
Acquisition and integration expense	—		—		—		—			1,811			1,811
Operating income (loss)	$	78,211	$	19,866	$	21,872	$	(11,475	)	$	(36,883	)	$	71,591
Interest expense and financing costs, net													(15,769		)
Loss on termination of financing agreement													(19,229		)
Other income (expense), net													(199		)
Change in value of common stock warrants													(2,732		)
Change in value of contingent consideration													(18,679		)
Equity losses from Laramie Energy, LLC													(6,131		)
Income before income taxes													8,852
Income tax benefit													18,073
Net income													$	26,925

Capital expenditures	$	5,640	$	6,651	$	715	$	10		$	2,841		$	15,857

________________________________________________________


(1)	Our logistics operations consist primarily of intercompany transactions which eliminate on a consolidated basis.


(2)	Includes eliminations of intersegment Revenues and Cost of revenues (excluding depreciation) of $198.0 million and $218.5 million for the nine months ended September 30, 2016 and 2015, respectively.