XML 92 R81.htm IDEA: XBRL DOCUMENT v3.25.3
Segment Information (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
Jun. 30, 2025
USD ($)
Mar. 31, 2025
USD ($)
Sep. 30, 2024
USD ($)
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Sep. 30, 2025
USD ($)
segment
Sep. 30, 2024
USD ($)
Segment Reporting [Abstract]                
Reporting segments | segment             4  
Revenues                
Total revenues $ 2,012,936     $ 2,143,933     $ 5,651,410 $ 6,142,236
Cost of revenues (excluding depreciation)                
Cost of revenues (excluding depreciation) 1,453,697     1,905,200     4,606,536 5,422,875
Operating expense (excluding depreciation) 140,029     147,049     432,863 444,389
Depreciation and amortization 36,284     31,879     107,582 96,679
General and administrative expense (excluding depreciation) 24,242     22,399     72,133 87,322
Equity earnings from refining and logistics investments (6,353)     (3,008)     (21,172) (12,846)
Acquisition and integration costs 1,973     (23)     1,973 68
Par West redevelopment and other costs 4,525     4,006     13,197 9,048
Loss (gain) on sale of assets, net 23     0     (1,202) 114
Operating income (loss) 358,516     36,431     439,500 94,587
Interest expense and financing costs, net (21,272)     (23,402)     (65,226) (61,720)
Debt extinguishment and commitment costs 0     0     (25) (1,418)
Other expense, net (109)     1,253     (643) (1,447)
Equity earnings (losses) from Laramie Energy, LLC 8,202     (336)     10,784 2,867
Income before income taxes 345,337     13,946     384,390 32,869
Income tax expense (82,706)     (6,460)     (92,699) (10,496)
Net income 262,631 $ 59,460 $ (30,400) 7,486 $ 18,638 $ (3,751) 291,691 22,373
Capital expenditures 32,279     28,332     121,338 87,864
Fuel revenue                
Revenues                
Total revenues 1,943,725     2,051,757     5,414,889 5,919,249
Other revenue                
Revenues                
Total revenues 69,211     92,176     236,521 222,987
Cost of revenues (excluding depreciation)                
Cost of revenues (excluding depreciation) 1,453,697     1,905,200     4,606,536 5,422,875
Refining intercompany logistics costs                
Cost of revenues (excluding depreciation)                
Cost of revenues (excluding depreciation) 0     0     0 0
Operating Segments | Refining                
Revenues                
Total revenues 1,945,370     2,080,546     5,458,008 5,964,435
Cost of revenues (excluding depreciation)                
Cost of revenues (excluding depreciation) 1,469,094     1,917,962     4,642,191 5,457,167
Operating expense (excluding depreciation) 112,781     122,054     354,998 365,031
Depreciation and amortization 26,596     22,623     77,912 66,584
General and administrative expense (excluding depreciation) 0     0     0 0
Equity earnings from refining and logistics investments (3,860)     (1,098)     (14,642) (7,158)
Acquisition and integration costs 0     0     0 0
Par West redevelopment and other costs 0     0     0 0
Loss (gain) on sale of assets, net (10)     0     181 0
Operating income (loss) 340,769     19,005     397,368 82,811
Capital expenditures 22,250     22,051     95,445 68,110
Operating Segments | Refining | Fuel revenue                
Revenues                
Total revenues 1,909,582     2,020,076     5,314,770 5,833,115
Operating Segments | Refining | Other revenue                
Revenues                
Total revenues 35,788     60,470     143,238 131,320
Cost of revenues (excluding depreciation)                
Cost of revenues (excluding depreciation) 1,393,203     1,842,544     4,428,907 5,243,515
Operating Segments | Refining | Refining intercompany logistics costs                
Cost of revenues (excluding depreciation)                
Cost of revenues (excluding depreciation) 75,891     75,418     213,284 213,652
Operating Segments | Logistics                
Revenues                
Total revenues 80,310     77,741     224,730 222,058
Cost of revenues (excluding depreciation)                
Cost of revenues (excluding depreciation) 40,840     44,228     122,573 131,303
Operating expense (excluding depreciation) 5,684     3,334     14,846 11,847
Depreciation and amortization 6,093     5,925     19,442 19,893
General and administrative expense (excluding depreciation) 0     0     0 0
Equity earnings from refining and logistics investments (2,493)     (1,910)     (6,530) (5,688)
Acquisition and integration costs 0     0     0 0
Par West redevelopment and other costs 0     0     0 0
Loss (gain) on sale of assets, net (1)     0     (1,418) 124
Operating income (loss) 30,187     26,164     75,817 64,579
Capital expenditures 5,452     3,583     16,254 13,006
Operating Segments | Logistics | Fuel revenue                
Revenues                
Total revenues 0     0     0 0
Operating Segments | Logistics | Other revenue                
Revenues                
Total revenues 80,310     77,741     224,730 222,058
Cost of revenues (excluding depreciation)                
Cost of revenues (excluding depreciation) 40,840     44,228     122,573 131,303
Operating Segments | Logistics | Refining intercompany logistics costs                
Cost of revenues (excluding depreciation)                
Cost of revenues (excluding depreciation) 0     0     0 0
Operating Segments | Retail                
Revenues                
Total revenues 151,330     150,213     434,447 443,189
Cost of revenues (excluding depreciation)                
Cost of revenues (excluding depreciation) 107,838     107,598     307,573 321,894
Operating expense (excluding depreciation) 21,564     21,661     63,019 67,511
Depreciation and amortization 2,801     2,680     7,973 8,471
General and administrative expense (excluding depreciation) 0     0     0 0
Equity earnings from refining and logistics investments 0     0     0 0
Acquisition and integration costs 0     0     0 0
Par West redevelopment and other costs 0     0     0 0
Loss (gain) on sale of assets, net 34     0     35 (10)
Operating income (loss) 19,093     18,274     55,847 45,323
Capital expenditures 4,263     1,520     8,190 4,348
Operating Segments | Retail | Fuel revenue                
Revenues                
Total revenues 122,328     120,830     352,636 359,941
Operating Segments | Retail | Other revenue                
Revenues                
Total revenues 29,002     29,383     81,811 83,248
Cost of revenues (excluding depreciation)                
Cost of revenues (excluding depreciation) 107,838     107,598     307,573 321,894
Operating Segments | Retail | Refining intercompany logistics costs                
Cost of revenues (excluding depreciation)                
Cost of revenues (excluding depreciation) 0     0     0 0
Operating Segments | Corporate and Other                
Cost of revenues (excluding depreciation)                
Operating expense (excluding depreciation) 0     0     0 0
Depreciation and amortization 794     651     2,255 1,731
General and administrative expense (excluding depreciation) 24,242     22,399     72,133 87,322
Equity earnings from refining and logistics investments 0        
Acquisition and integration costs 1,973     (23)     1,973 68
Par West redevelopment and other costs 4,525     4,006     13,197 9,048
Loss (gain) on sale of assets, net 0     0     0 0
Capital expenditures 314     1,178     1,449 2,400
Corporate, Eliminations and Other                
Revenues                
Total revenues (164,074)     (164,600)     (465,800) (487,400)
Cost of revenues (excluding depreciation)                
Operating income (loss) (31,533)     (27,012)     (89,532) (98,126)
Intersegment Eliminations                
Revenues                
Total revenues       (164,567)     (465,775) (487,446)
Cost of revenues (excluding depreciation)                
Cost of revenues (excluding depreciation) (164,075)     (164,588)     (465,801) (487,489)
Intersegment Eliminations | Fuel revenue                
Revenues                
Total revenues (88,185)     (89,149)     (252,517) (273,807)
Intersegment Eliminations | Other revenue                
Revenues                
Total revenues (75,889)     (75,418)     (213,258) (213,639)
Cost of revenues (excluding depreciation)                
Cost of revenues (excluding depreciation) (88,184)     (89,170)     (252,517) (273,837)
Intersegment Eliminations | Refining intercompany logistics costs                
Cost of revenues (excluding depreciation)                
Cost of revenues (excluding depreciation) $ (75,891)     $ (75,418)     $ (213,284) $ (213,652)