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Inventory Financing Agreements (Tables)
 12 Months Ended
Dec. 31, 2024
Other Commitments [Abstract]  
Schedule of Obligations Under Inventory Financing Agreements
The following table summarizes our outstanding obligations under our inventory financing agreements (in thousands):
December 31,
20242023
Inventory Intermediation Agreement$194,198 $— 
Supply and Offtake Agreement— 594,362 
LC Facility due 2024
— — 
Obligations under inventory financing agreements$194,198 $594,362 
Schedule of Outstanding Borrowings, Letters of Credit, and Contractual Undertaking Obligations Under the Intermediation Agreements
The following table summarizes our outstanding borrowings, letters of credit, and contractual undertaking obligations under the intermediation agreements (in thousands):
December 31,
20242023
Discretionary Draw Facility
Outstanding borrowings (1)
$— $165,459 
Borrowing capacity
— 175,891 
LC Facility due 2024
Outstanding borrowings— — 
Borrowing capacity— 120,000 
LC Facility issued letters of credit— 13,000 
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(1)Borrowings outstanding under the Discretionary Draw Facility were included in Obligations under inventory financing agreements on our consolidated balance sheets. Changes in the borrowings outstanding under these arrangements were included within Cash flows from financing activities on our consolidated statements of cash flows.
Schedule of Inventory Intermediation Fees
The following table summarizes the inventory intermediation fees, which are included in Cost of revenues (excluding depreciation) on our consolidated statements of operations, and Interest expense and financing costs, net related to the intermediation agreements (in thousands):
Year Ended December 31,
202420232022
Net fees and expenses:
Inventory Intermediation Agreement
Inventory intermediation fees (1)$17,480 $— $— 
Interest expense and financing costs, net775 — — 
Supply and Offtake Agreement
Inventory intermediation fees (1)30,918 56,164 100,610 
Interest expense and financing costs, net2,872 7,149 6,150 
Washington Refinery Intermediation Agreement
Inventory intermediation fees— 2,250 3,000 
Interest expense and financing costs, net— 9,280 10,111 
LC Facility due 2024
Interest expense and financing costs, net1,142 1,667 — 
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(1)Inventory intermediation fees under the Inventory Intermediation Agreement include market structure fees of $11.8 million for the year ended December 31, 2024. Inventory intermediation fees under the Supply and Offtake Agreement include market structure fees of $13.5 million, $13.5 million, and $63.3 million for the years ended December 31, 2024, 2023, and 2022, respectively.