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Inventory Financing Agreements (Tables)

6 Months Ended

Jun. 30, 2021

Schedule Obligations Under Inventory Financing Agreements

The following table summarizes our outstanding obligations under our inventory financing agreements (in thousands):



	June 30, 2021		December 31, 2020
Supply and Offtake Agreements	$	518,150	$	312,185
Washington Refinery Intermediation Agreement	181,212		111,501
Obligations under inventory financing agreements	$	699,362	$	423,686

Schedule of Inventory Intermediation Fees

The following table summarizes the inventory intermediation fees, which are included in Cost of revenues (excluding depreciation) on our condensed consolidated statements of operations, and Interest expense and financing costs, net related to the intermediation agreements (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Net fees and expenses:
Supply and Offtake Agreement
Inventory intermediation fees (benefits)	$	5,280	$	(204)	$	9,050	$	6,666
Interest expense and financing costs, net	478		713		1,324		2,062
Washington Refinery Intermediation Agreement
Inventory intermediation fees (benefits)	$	765	$	1,012	$	1,736	$	2,119
Interest expense and financing costs, net	1,134		727		2,111		1,724