XML 25 R13.htm IDEA: XBRL DOCUMENT
v3.25.2

Inventories | 6 Months Ended
--- | ---
Jun. 30, 2025
Inventory Disclosure [Abstract] |
Inventories | Inventories Inventories at June 30, 2025, and December 31, 2024, consisted of the following (in thousands):
| Titled Inventory |  | Inventory Financing Agreements (1) |  |  |  | Total
June 30, 2025 |  |  |  |  |  |  |
Crude oil and feedstocks | $ | 159,527 |  |  | $ | 127,080 |  |  |  |  | $ | 286,607 |
Refined products and blendstock | 490,853 |  |  | — |  |  |  |  | 490,853 |
Warehouse stock and other (2) | 246,479 |  |  | 17,540 |  |  |  |  | 264,019 |
Total | $ | 896,859 |  |  | $ | 144,620 |  |  |  |  | $ | 1,041,479 |
December 31, 2024 |  |  |  |  |  |  |
Crude oil and feedstocks | $ | 124,910 |  |  | $ | 178,070 |  |  |  |  | $ | 302,980 |
Refined products and blendstock | 504,456 |  |  | — |  |  |  |  | 504,456 |
Warehouse stock and other (2) | 281,882 |  |  | — |  |  |  |  | 281,882 |
Total | $ | 911,248 |  |  | $ | 178,070 |  |  |  |  | $ | 1,089,318 |
________________________________________________________ (1)Please read Note 8—Inventory Financing Agreements for further information. (2)Includes $171.2 million and $195.0 million of Renewable Identification Numbers (“RINs”) and environmental credits, reported at the lower of cost or net realizable value, as of June 30, 2025, and December 31, 2024, respectively. Our renewable volume obligation and other gross environmental credit obligations of $301.2 million and $232.0 million are included in Other accrued liabilities on our condensed consolidated balance sheets as of June 30, 2025, and December 31, 2024, respectively. As of June 30, 2025, there was no reserve for the lower of cost or net realizable value of inventory. As of December 31, 2024, there was $2.3 million reserved for the lower of cost or net realizable value of inventory. As of June 30, 2025, and December 31, 2024, the current replacement cost exceeded the LIFO inventory carrying value by approximately $25.5 million and $31.9 million, respectively.

X
- References No definition available. + Details
Name: | us-gaap_InventoryDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
Name: | us-gaap_InventoryDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration