v3.25.2
Investment in Unconsolidated Subsidiary (Tables)
 6 Months Ended
Jun. 28, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
Selected financial information for the Company’s DGD Joint Venture is as follows:

(in thousands)June 30, 2025December 31, 2024
Assets:
Cash$163,846 $353,446 
Total other current assets1,106,712 1,137,821 
Property, plant and equipment, net3,798,391 3,868,943 
Other assets315,491 100,307 
Total assets$5,384,440 $5,460,517 
Liabilities and members' equity:
Revolver$100,000 $— 
Total other current portion of long term debt30,496 29,809 
Total other current liabilities265,023 319,688 
Total long term debt691,736 707,158 
Total other long term liabilities18,078 17,195 
Total members' equity4,279,107 4,386,667 
Total liabilities and members' equity$5,384,440 $5,460,517 

Three Months EndedSix Months Ended
(in thousands)June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Revenues:
Operating revenues$1,097,831 $1,184,076 $1,997,740 $2,595,191 
Expenses:
Total costs and expenses less lower of cost or market inventory valuation adjustment and depreciation, amortization and accretion expense1,119,445 1,014,927 2,096,551 2,174,283 
Lower of cost or market (LCM) inventory valuation adjustment(111,245)15,866 (202,249)37,504 
Depreciation, amortization and accretion expense
61,529 61,910 129,001 127,200 
Total costs and expenses1,069,729 1,092,703 2,023,303 2,338,987 
Operating income/(loss)28,102 91,373 (25,563)256,204 
Other income2,181 6,058 5,883 9,278 
Interest and debt expense, net(12,844)(9,037)(22,150)(20,279)
Income/(loss) before income tax expense17,439 88,394 $(41,830)$245,203 
Income tax expense/(benefit)1,105 — 1,144 (29)
Net income/(loss)$16,334 $88,394 $(42,974)$245,232