| Equity Method Investments |
Selected financial information for the Company’s DGD Joint Venture is as follows:
| | | | | | | | | | | | | (in thousands) | | March 31, 2025 | December 31, 2024 | | Assets: | | | | | Cash | | $ | 152,440 | | $ | 353,446 | | | Total other current assets | | 1,038,381 | | 1,137,821 | | | Property, plant and equipment, net | | 3,847,613 | | 3,868,943 | | | Other assets | | 115,915 | | 100,307 | | | Total assets | | $ | 5,154,349 | | $ | 5,460,517 | | | Liabilities and members' equity: | | | | | Revolver | | $ | — | | $ | — | | | Total other current portion of long term debt | | 30,150 | | 29,809 | | | Total other current liabilities | | 336,404 | | 319,688 | | | Total long term debt | | 699,491 | | 707,158 | | | Total other long term liabilities | | 17,095 | | 17,195 | | | Total members' equity | | 4,071,209 | | 4,386,667 | | | Total liabilities and members' equity | | $ | 5,154,349 | | $ | 5,460,517 | |
| | | | | | | | | | | | | | | | | Three Months Ended | | | | (in thousands) | | March 31, 2025 | March 31, 2024 | | | | | Revenues: | | | | | | | | Operating revenues | | $ | 899,909 | | $ | 1,411,115 | | | | | | Expenses: | | | | | | | | Total costs and expenses less lower of cost or market inventory valuation adjustment and depreciation, amortization and accretion expense | | 977,106 | | 1,159,356 | | | | | | Lower of cost or market (LCM) inventory valuation adjustment | | (91,004) | | 21,638 | | | | | Depreciation, amortization and accretion expense | | 67,472 | | 65,290 | | | | | | Total costs and expenses | | 953,574 | | 1,246,284 | | | | | | Operating income/(loss) | | (53,665) | | 164,831 | | | | | | Other income | | 3,702 | | 3,220 | | | | | | Interest and debt expense, net | | (9,306) | | (11,242) | | | | | | Income/(loss) before income tax expense | | (59,269) | | 156,809 | | | | | | Income tax expense/(benefit) | | 39 | | (29) | | | | | | Net income/(loss) | | $ | (59,308) | | $ | 156,838 | | | | |
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