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Revenue Recognition
3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
As of March 31, 2024 and December 31, 2023, receivables from contracts with customers were $373.1 million and $311.1 million, respectively. Our refining segment recognizes deferred revenues when cash payments are received in advance of delivery of products to the customer. Deferred revenue was $21.6 million and $15.2 million as of March 31, 2024 and December 31, 2023, respectively. We have elected to apply a practical expedient not to disclose the value of unsatisfied performance obligations for (i) contracts with an original expected duration of less than one year and (ii) contracts where the variable consideration has been allocated entirely to our unsatisfied performance obligation.
The following table provides information about disaggregated revenue by major product line and includes a reconciliation of the disaggregated revenues to total segment revenues (in thousands):
Three Months Ended March 31, 2024RefiningLogisticsRetail
Product or service:
Gasoline$647,186 $— $103,293 
Distillates (1)832,797 — 11,180 
Other refined products (2)403,993 — — 
Merchandise— — 24,793 
Transportation and terminalling services— 71,842 — 
Other revenue42,640 — 868 
Total segment revenues (3)$1,926,616 $71,842 $140,134 
Three Months Ended March 31, 2023RefiningLogisticsRetail
Product or service:
Gasoline$450,325 $— $100,188 
Distillates (1)779,053 — 11,599 
Other refined products (2)385,609 — — 
Merchandise— — 22,828 
Transportation and terminalling services— 52,388 — 
Other revenue425 — 957 
Total segment revenues (3)$1,615,412 $52,388 $135,572 
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(1)Distillates primarily include diesel and jet fuel.
(2)Other refined products include fuel oil, vacuum gas oil, and asphalt.
(3)Refer to Note 19—Segment Information for the reconciliation of segment revenues to total consolidated revenues.