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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 133,747 $ 191,921
Restricted cash 347 346
Total cash, cash equivalents, and restricted cash 134,094 192,267
Trade accounts receivable, net of allowances of $0.4 million and $0.4 million at March 31, 2025 and December 31, 2024, respectively 384,303 398,131
Inventories 1,059,592 1,089,318
Prepaid and other current assets 46,041 92,527
Total current assets 1,624,030 1,772,243
Property, plant, and equipment    
Property, plant, and equipment 1,764,263 1,730,966
Less accumulated depreciation and amortization (600,849) (574,657)
Property, plant, and equipment, net 1,163,414 1,156,309
Long-term assets    
Operating lease right-of-use (“ROU”) assets 450,802 428,120
Intangible assets, net 9,276 9,520
Goodwill 129,275 129,275
Other long-term assets 269,409 235,095
Total assets 3,753,255 3,829,371
Current liabilities    
Current maturities of long-term debt 4,767 4,885
Obligations under inventory financing agreements 211,471 194,198
Accounts payable 410,668 436,795
Accrued taxes 33,233 36,027
Operating lease liabilities 88,339 80,174
Other accrued liabilities 293,956 344,188
Total current liabilities 1,042,434 1,096,267
Long-term liabilities    
Long-term debt, net of current maturities 1,148,912 1,108,082
Finance lease liabilities 11,404 11,690
Operating lease liabilities 378,276 362,092
Other liabilities 60,419 59,938
Total liabilities 2,641,445 2,638,069
Commitments and contingencies (Note 14)
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 March 31, 2025 and December 31, 2024, 52,310,055 shares and 55,265,421 shares issued at March 31, 2025 and December 31, 2024, respectively 523 552
Additional paid-in capital 886,747 884,548
Accumulated earnings 214,260 295,846
Accumulated other comprehensive income 10,280 10,356
Total stockholders’ equity 1,111,810 1,191,302
Total liabilities and stockholders’ equity 3,753,255 3,829,371
Refining and logistics equity investments    
Long-term assets    
Refining and logistics equity investments and Investment in Laramie Energy, LLC 93,825 86,311
Investment in Laramie Energy, LLC    
Long-term assets    
Refining and logistics equity investments and Investment in Laramie Energy, LLC $ 13,224 $ 12,498