v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 169,195 $ 191,921
Restricted cash 349 346
Total cash, cash equivalents, and restricted cash 169,544 192,267
Trade accounts receivable, net of allowances of $0.4 million and $0.4 million at June 30, 2025, and December 31, 2024, respectively 386,546 398,131
Inventories 1,041,479 1,089,318
Prepaid and other current assets 122,515 92,527
Total current assets 1,720,084 1,772,243
Property, plant, and equipment    
Property, plant, and equipment 1,799,474 1,730,966
Less accumulated depreciation and amortization (623,738) (574,657)
Property, plant, and equipment, net 1,175,736 1,156,309
Long-term assets    
Operating lease right-of-use (“ROU”) assets 435,227 428,120
Intangible assets, net 9,030 9,520
Goodwill 129,275 129,275
Other long-term assets 315,820 235,095
Total assets 3,895,542 3,829,371
Current liabilities    
Current maturities of long-term debt 4,730 4,885
Obligations under inventory financing agreements 186,116 194,198
Accounts payable 438,715 436,795
Accrued taxes 49,631 36,027
Operating lease liabilities 93,265 80,174
Other accrued liabilities 435,194 344,188
Total current liabilities 1,207,651 1,096,267
Long-term liabilities    
Long-term debt, net of current maturities 1,107,743 1,108,082
Finance lease liabilities 10,923 11,690
Operating lease liabilities 359,970 362,092
Other liabilities 60,840 59,938
Total liabilities 2,747,127 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 June 30, 2025, and December 31, 2024, 50,758,742 shares and 55,265,421 shares issued at June 30, 2025, and December 31, 2024, respectively 507 552
Additional paid-in capital 892,152 884,548
Accumulated earnings 245,553 295,846
Accumulated other comprehensive income 10,203 10,356
Total stockholders’ equity 1,148,415 1,191,302
Total liabilities and stockholders’ equity 3,895,542 3,829,371
Refining and logistics equity investments    
Long-term assets    
Refining and logistics equity investments and Investment in Laramie Energy, LLC 95,290 86,311
Investment in Laramie Energy, LLC    
Long-term assets    
Refining and logistics equity investments and Investment in Laramie Energy, LLC $ 15,080 $ 12,498