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Revenue Recognition | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Revenue Recognition | Revenue Recognition As of September 30, 2024 and December 31, 2023, receivables from contracts with customers were $353.3 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 $26.1 million and $15.2 million as of September 30, 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 September 30, 2024 |  | Refining |  | Logistics |  | Retail |  |  |  |  |  |  |  |
Product or service: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gasoline |  | $ | 755,838 |  |  | $ | — |  |  | $ | 107,824 |  |  |  |  |  |  |  |  |
Distillates (1) |  | 863,339 |  |  | — |  |  | 13,006 |  |  |  |  |  |  |  |  |
Other refined products (2) |  | 400,899 |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Merchandise |  | — |  |  | — |  |  | 28,469 |  |  |  |  |  |  |  |  |
Transportation and terminalling services |  | — |  |  | 77,741 |  |  | — |  |  |  |  |  |  |  |  |
Other revenue |  | 60,470 |  |  | — |  |  | 914 |  |  |  |  |  |  |  |  |
Total segment revenues (3) |  | $ | 2,080,546 |  |  | $ | 77,741 |  |  | $ | 150,213 |  |  |  |  |  |  |  |  |
Three Months Ended September 30, 2023 |  | Refining |  | Logistics |  | Retail |  |  |  |  |  |  |  |
Product or service: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gasoline |  | $ | 952,981 |  |  | $ | — |  |  | $ | 116,629 |  |  |  |  |  |  |  |  |
Distillates (1) |  | 1,016,470 |  |  | — |  |  | 13,848 |  |  |  |  |  |  |  |  |
Other refined products (2) |  | 482,146 |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Merchandise |  | — |  |  | — |  |  | 27,339 |  |  |  |  |  |  |  |  |
Transportation and terminalling services |  | — |  |  | 72,839 |  |  | — |  |  |  |  |  |  |  |  |
Other revenue |  | 72,558 |  |  | — |  |  | 696 |  |  |  |  |  |  |  |  |
Total segment revenues (3) |  | $ | 2,524,155 |  |  | $ | 72,839 |  |  | $ | 158,512 |  |  |  |  |  |  |  |  |
Nine Months Ended September 30, 2024 |  | Refining |  | Logistics |  | Retail |  |  |  |  |  |  |  |
Product or service: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gasoline |  | $ | 2,133,705 |  |  | $ | — |  |  | $ | 323,027 |  |  |  |  |  |  |  |  |
Distillates (1) |  | 2,497,574 |  |  | — |  |  | 36,914 |  |  |  |  |  |  |  |  |
Other refined products (2) |  | 1,201,836 |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Merchandise |  | — |  |  | — |  |  | 80,611 |  |  |  |  |  |  |  |  |
Transportation and terminalling services |  | — |  |  | 222,058 |  |  | — |  |  |  |  |  |  |  |  |
Other revenue |  | 131,320 |  |  | — |  |  | 2,637 |  |  |  |  |  |  |  |  |
Total segment revenues (3) |  | $ | 5,964,435 |  |  | $ | 222,058 |  |  | $ | 443,189 |  |  |  |  |  |  |  |  |
Nine Months Ended September 30, 2023 |  | Refining |  | Logistics |  | Retail |  |  |  |  |  |  |  |
Product or service: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gasoline |  | $ | 2,006,902 |  |  | $ | — |  |  | $ | 326,082 |  |  |  |  |  |  |  |  |
Distillates (1) |  | 2,495,572 |  |  | — |  |  | 37,815 |  |  |  |  |  |  |  |  |
Other refined products (2) |  | 1,272,374 |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Merchandise |  | — |  |  | — |  |  | 76,059 |  |  |  |  |  |  |  |  |
Transportation and terminalling services |  | — |  |  | 189,936 |  |  | — |  |  |  |  |  |  |  |  |
Other revenue |  | 73,260 |  |  | — |  |  | 2,524 |  |  |  |  |  |  |  |  |
Total segment revenues (3) |  | $ | 5,848,108 |  |  | $ | 189,936 |  |  | $ | 442,480 |  |  |  |  |  |  |  |  |
_______________________________________________________ (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.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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