v3.25.2
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
Sales $ 4,626,925 $ 4,409,698 $ 9,219,122 $ 8,555,090
Cost of sales 4,354,563 4,121,814 8,691,519 8,052,071
Gross profit 272,362 287,884 527,603 503,019
Costs and operating expenses:        
Selling, general and administrative expenses 74,775 72,370 148,492 142,151
Operating expenses 135,663 129,959 262,378 250,109
Amortization expense 1,376 1,989 2,788 3,858
Net loss (gain) on sale and disposition of assets 271 (303) (2,219) (2,804)
Long-lived asset impairment 211 0 211 0
Total costs and operating expenses 212,296 204,015 411,650 393,314
Operating income 60,066 83,869 115,953 109,705
Other income (loss) and (expense):        
Income (loss) from equity method investments 2,350 (346) 2,416 (1,725)
Interest expense (34,523) (35,531) (70,562) (65,227)
Loss on early extinguishment of debt (2,795)   (2,795)  
Income before income tax benefit (expense) 25,098 47,992 45,012 42,753
Income tax benefit (expense) 112 (1,843) (1,118) (2,206)
Net income 25,210 46,149 43,894 40,547
Less: General partner's interest in net income, including incentive distribution rights 4,615 3,802 9,027 6,938
Preferred Limited Partners        
Other income (loss) and (expense):        
Net income attributable to common limited partners 1,781 2,097 3,562 6,013
Less: Redemption of Series A preferred limited partner units   2,634   2,634
Common Limited Partners        
Other income (loss) and (expense):        
Net income attributable to common limited partners $ 18,814 $ 37,616 $ 31,305 $ 24,962
Basic net income per common limited partner unit $ 0.55 $ 1.11 $ 0.92 $ 0.74
Diluted net income per common limited partner unit $ 0.55 $ 1.1 $ 0.92 $ 0.73
Basic weighted average common limited partner units outstanding 33,918 33,910 33,902 33,936
Diluted weighted average common limited partner units outstanding 34,095 34,278 34,204 34,273