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Segment Information
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
We report the results for the following four reportable segments: (i) Refining, (ii) Retail, (iii) Logistics, and (iv) Corporate and Other.
Summarized financial information concerning reportable segments consists of the following (in thousands):
Three Months Ended June 30, 2024RefiningLogisticsRetailCorporate, Eliminations and Other (1)Total
Revenues$1,957,273 $72,475 $152,842 $(165,122)$2,017,468 
Cost of revenues (excluding depreciation)
1,779,810 44,278 111,244 (165,135)1,770,197 
Operating expense (excluding depreciation)
116,509 4,701 22,870 — 144,080 
Depreciation and amortization21,691 7,193 2,675 585 32,144 
General and administrative expense (excluding depreciation)— — — 23,168 23,168 
Equity earnings from refining and logistics investments(1,943)(1,801)— — (3,744)
Acquisition and integration costs— — — (152)(152)
Par West redevelopment and other costs— — — 3,071 3,071 
Loss on sale of assets, net— 63 — — 63 
Operating income (loss)$41,206 $18,041 $16,053 $(26,659)$48,641 
Interest expense and financing costs, net(20,434)
Debt extinguishment and commitment costs(1,418)
Other expense, net(124)
Equity losses from Laramie Energy, LLC(1,360)
Income before income taxes25,305 
Income tax expense(6,667)
Net income$18,638 
Capital expenditures$29,763 $4,653 $1,528 $946 $36,890 
Three Months Ended June 30, 2023RefiningLogisticsRetailCorporate, Eliminations and Other (1)Total
Revenues$1,708,541 $64,709 $148,396 $(137,719)$1,783,927 
Cost of revenues (excluding depreciation)
1,567,605 35,788 109,168 (137,755)1,574,806 
Operating expense (excluding depreciation)
76,971 3,596 21,276 — 101,843 
Depreciation and amortization19,826 5,059 2,732 599 28,216 
General and administrative expense (excluding depreciation)— — — 23,168 23,168 
Equity earnings from refining and logistics investments
— (425)— — (425)
Acquisition and integration costs— — — 7,273 7,273 
Par West redevelopment and other costs— — — 2,613 2,613 
Operating income (loss)$44,139 $20,691 $15,220 $(33,617)$46,433 
Interest expense and financing costs, net(14,909)
Debt extinguishment and commitment costs38 
Other income, net379 
Income before income taxes31,941 
Income tax expense(1,928)
Net income$30,013 
Capital expenditures$6,301 $7,124 $3,104 $987 $17,516 
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(1)Includes eliminations of intersegment revenues and cost of revenues of $165.1 million and $137.7 million for the three months ended June 30, 2024 and 2023, respectively.
Six Months Ended June 30, 2024Refining
Logistics
RetailCorporate, Eliminations and Other (1)Total
Revenues$3,883,889 $144,317 $292,976 $(322,879)$3,998,303 
Cost of revenues (excluding depreciation)
3,539,205 87,075 214,296 (322,901)3,517,675 
Operating expense (excluding depreciation)
242,977 8,513 45,850 — 297,340 
Depreciation and amortization43,961 13,968 5,791 1,080 64,800 
Loss (gain) on sale of assets, net— 124 (10)— 114 
General and administrative expense (excluding depreciation)— — — 64,923 64,923 
Equity earnings from refining and logistics investments(6,060)(3,778)— — (9,838)
Acquisition and integration costs— — — 91 91 
Par West redevelopment and other costs— — — 5,042 5,042 
Operating income (loss)$63,806 $38,415 $27,049 $(71,114)$58,156 
Interest expense and financing costs, net(38,318)
Debt extinguishment and commitment costs(1,418)
Other expense, net(2,700)
Equity earnings from Laramie Energy, LLC3,203 
Income before income taxes18,923 
Income tax expense(4,036)
Net income$14,887 
Capital expenditures$46,059 $9,423 $2,828 $1,222 $59,532 
Six Months Ended June 30, 2023Refining
Logistics
Retail
Corporate, Eliminations and Other (1)
Total
Revenues$3,323,953 $117,097 $283,968 $(255,882)$3,469,136 
Cost of revenues (excluding depreciation)
2,845,275 67,087 207,396 (255,932)2,863,826 
Operating expense (excluding depreciation)
135,853 7,043 42,067 — 184,963 
Depreciation and amortization35,549 10,093 5,811 1,123 52,576 
General and administrative expense (excluding depreciation)— — — 42,454 42,454 
Equity earnings from refining and logistics investments— (425)— — (425)
Acquisition and integration costs— — — 12,544 12,544 
Par West redevelopment and other costs— — — 5,363 5,363 
Operating income (loss)$307,276 $33,299 $28,694 $(61,434)$307,835 
Interest expense and financing costs, net(31,159)
Debt extinguishment and commitment costs(17,682)
Other income, net344 
Equity earnings from Laramie Energy, LLC10,706 
Income before income taxes270,044 
Income tax expense(2,141)
Net income$267,903 
Capital expenditures$13,955 $8,005 $7,254 $1,515 $30,729 
________________________________________________________ 
(1)Includes eliminations of intersegment revenues and cost of revenues of $322.9 million and $255.9 million for the six months ended June 30, 2024 and 2023, respectively.