v3.25.2
20. DISAGGREGATED REVENUE
6 Months Ended
Jun. 30, 2025
Notes  
20. DISAGGREGATED REVENUE

20.DISAGGREGATED REVENUE 

 

Revenue consisted of the following refined product types sold domestically in the Southwest USA region for the three and six months ended June 30:

 

 

Three Months

Ended

June 30, 2025

Three Months

Ended

June 30, 2024

 

Six Months

Ended

June 30, 2025

Six Months Ended

June 30, 2024

 

Diesel

$1,755,938 

$1,524,299 

 

$3,608,873 

$5,318,870 

 

Liquid Asphalt

1,400,990 

346,076 

 

4,125,288 

3,631,543 

 

VGO

1,306,615 

691,429 

 

2,931,119 

3,474,668 

 

Naphtha

75,996 

264,457 

 

196,482 

1,340,594 

 

Other

1,933 

548,983 

 

12,677 

561,899 

 

 

$4,541,472 

$3,375,244 

 

$10,874,439 

$14,327,574 

 

 

The Company refines crude oil to produce several key products, including Diesel, Liquid Asphalt, Vacuum Gas Oil (VGO), and Naphtha, each with distinct industrial applications. Diesel is used primarily in transportation and industrial sectors, while Liquid Asphalt is essential for road construction and roofing. VGO serves as an intermediate product for further refining, and Naphtha is used as a feedstock for gasoline production and petrochemicals.