XML 32 R14.htm IDEA: XBRL DOCUMENT v3.25.0.1
Revenue Recognition
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
As of December 31, 2024 and 2023, receivables from contracts with customers were $312.7 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 $16.2 million and $15.2 million as of December 31, 2024, and 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):
Year Ended December 31, 2024RefiningLogisticsRetail
Product or service:
Gasoline$2,744,498 $— $426,061 
Distillates (1)3,214,809 — 48,269 
Other refined products (2)1,550,466 — — 
Merchandise— — 106,939 
Transportation and terminalling services— 299,532 — 
Other revenue224,093 — 3,491 
Total segment revenues (3)$7,733,866 $299,532 $584,760 
Year Ended December 31, 2023RefiningLogisticsRetail
Product or service:
Gasoline$2,689,350 $— $438,058 
Distillates (1)3,412,819 — 49,651 
Other refined products (2)1,718,961 — — 
Merchandise— — 101,529 
Transportation and terminalling services— 260,779 — 
Other revenue148,350 — 3,242 
Total segment revenues (3)$7,969,480 $260,779 $592,480 
Year Ended December 31, 2022RefiningLogisticsRetail
Product or service:
Gasoline$1,999,065 $— $428,959 
Distillates (1)3,139,807 — 46,392 
Other refined products (2)1,890,813 — — 
Merchandise— — 91,289 
Transportation and terminalling services— 198,821 — 
Other revenue16,375 — 3,566 
Total segment revenues (3)$7,046,060 $198,821 $570,206 
_______________________________________________________
(1)Distillates primarily include diesel and jet fuel.
(2)Other refined products include fuel oil, gas oil, and asphalt.
(3)Refer to Note 23—Segment Information for the reconciliation of segment revenues to total consolidated revenues.