CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Income Statement [Abstract] | ||||
| Revenues | $ 1,893,438 | $ 2,017,468 | $ 3,638,474 | $ 3,998,303 |
| Operating expenses | ||||
| Cost of revenues (excluding depreciation) | 1,593,479 | 1,770,197 | 3,152,839 | 3,517,675 |
| Operating expense (excluding depreciation) | 148,680 | 144,080 | 292,834 | 297,340 |
| Depreciation and amortization | 34,712 | 32,144 | 71,298 | 64,800 |
| General and administrative expense (excluding depreciation) | 23,648 | 23,168 | 47,891 | 64,923 |
| Equity earnings from refining and logistics investments | (7,305) | (3,744) | (14,819) | (9,838) |
| Acquisition and integration costs | 0 | (152) | 0 | 91 |
| Par West redevelopment and other costs | 4,690 | 3,071 | 8,672 | 5,042 |
| Loss (gain) on sale of assets, net | (1,226) | 63 | (1,225) | 114 |
| Total operating expenses | 1,796,678 | 1,968,827 | 3,557,490 | 3,940,147 |
| Operating income | 96,760 | 48,641 | 80,984 | 58,156 |
| Other income (expense) | ||||
| Interest expense and financing costs, net | (22,106) | (20,434) | (43,954) | (38,318) |
| Debt extinguishment and commitment costs | 0 | (1,418) | (25) | (1,418) |
| Other loss, net | (163) | (124) | (534) | (2,700) |
| Equity earnings (losses) from Laramie Energy, LLC | 1,856 | (1,360) | 2,582 | 3,203 |
| Total other expense, net | (20,413) | (23,336) | (41,931) | (39,233) |
| Income before income taxes | 76,347 | 25,305 | 39,053 | 18,923 |
| Income tax expense | (16,887) | (6,667) | (9,993) | (4,036) |
| Net income | $ 59,460 | $ 18,638 | $ 29,060 | $ 14,887 |
| Income per share | ||||
| Basic (in dollars per share) | $ 1.18 | $ 0.33 | $ 0.56 | $ 0.26 |
| Diluted (in dollars per share) | $ 1.17 | $ 0.32 | $ 0.55 | $ 0.25 |
| Weighted-average number of shares outstanding | ||||
| Basic (in shares) | 50,373 | 57,239 | 52,052 | 57,936 |
| Diluted (in shares) | 50,836 | 58,045 | 52,390 | 58,402 |
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- Definition Debt Extinguishment And Commitment Benefits (Costs) No definition available.
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- Definition Income (Loss) From Equity Method Investments, Operating No definition available.
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- Definition Redevelopment And Other Costs No definition available.
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- Definition Amount of expense for acquisition-related cost incurred to effect business combination. Includes, but is not limited to, finder's fee; advisory, legal, accounting, valuation, and other professional and consulting fees; and general administrative cost, including cost of maintaining internal acquisition department. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Cost of product sold and service rendered, excluding depreciation, depletion, and amortization. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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