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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 191,921 $ 279,107
Restricted cash 346 339
Total cash, cash equivalents, and restricted cash 192,267 279,446
Trade accounts receivable, net of allowances of $0.4 million and $0.2 million at December 31, 2024 and December 31, 2023, respectively 398,131 367,249
Inventories 1,089,318 1,160,395
Prepaid and other current assets 92,527 182,405
Total current assets 1,772,243 1,989,495
Property, plant, and equipment    
Property, plant, and equipment 1,730,966 1,577,801
Less accumulated depreciation and amortization (574,657) (478,413)
Property, plant, and equipment, net 1,156,309 1,099,388
Long-term assets    
Operating lease right-of-use (“ROU”) assets 428,120 346,454
Intangible assets, net 9,520 10,918
Goodwill 129,275 129,275
Other long-term assets 235,095 186,655
Total assets 3,829,371 3,863,950
Current liabilities    
Current maturities of long-term debt 4,885 4,255
Obligations under inventory financing agreements 194,198 594,362
Accounts payable 436,795 391,325
Accrued taxes 36,027 40,064
Operating lease liabilities 80,174 72,833
Other accrued liabilities 344,188 421,762
Total current liabilities 1,096,267 1,524,601
Long-term liabilities    
Long-term debt, net of current maturities 1,108,082 646,603
Finance lease liabilities 11,690 12,438
Operating lease liabilities 362,092 282,517
Other liabilities 59,938 62,367
Total liabilities 2,638,069 2,528,526
Commitments and Contingencies (Note 18)
Stockholders’ equity    
Preferred stock, $0.01 par value: 3,000,000 shares authorized, none issued 0 0
Common stock, $0.01 par value; 500,000,000 shares authorized at December 31, 2024 and December 31, 2023, 55,265,421 shares and 59,755,844 shares issued at December 31, 2024 and December 31, 2023, respectively 552 597
Additional paid-in capital 884,548 860,797
Accumulated earnings 295,846 465,856
Accumulated other comprehensive income 10,356 8,174
Total stockholders’ equity 1,191,302 1,335,424
Total liabilities and stockholders’ equity 3,829,371 3,863,950
Refining and logistics equity investments    
Long-term assets    
Refining and logistics equity investments and Investment in Laramie Energy, LLC 86,311 87,486
Investment in Laramie Energy, LLC    
Long-term assets    
Refining and logistics equity investments and Investment in Laramie Energy, LLC $ 12,498 $ 14,279