During the fiscal year 2022, we initiated a cost optimization plan to improve efficiencies and align our workforce with strategic activities and operations. The recorded costs include an accrual of $3.9 million and $10.4 million as of March 31, 2025 and December 31, 2024, respectively.

We anticipate concluding our restructuring activities by the end of fiscal year 2026. Future cost estimates for these initiatives are continuing to be developed.


		Three Months Ended March 31, 2025
Type of Costs	Statement of Income Location	Refining		Logistics		Corporate, Other and Eliminations		Consolidated
Consulting fees, severance costs and equity based compensation	General and administrative expenses	$	—	$	—	$	7.5	$	7.5
Severance costs and equity based compensation	Operating expenses	0.3		—		0.6		0.9


Total		$	0.3	$	—	$	8.1	$	8.4


		Three Months Ended March 31, 2024
Type of Costs	Statement of Income Location	Refining		Logistics		Corporate, Other and Eliminations		Consolidated
Consulting fees and severance costs	General and administrative expenses	$	—	$	—	$	3.2	$	3.2


Total		$	—	$	—	$	3.2	$	3.2