v3.25.3
Derivatives (Tables)
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Outstanding Derivatives Entered Into to Hedge Inventory or Fixed Price Purchase Commitments
At September 30, 2025, we had the following outstanding derivative contracts that were entered into to economically hedge inventory and fixed price purchase commitments.
Sell (Short)
Contracts		Buy (Long)
Contracts
Designated as hedges under accounting rules:
Crude oil futures:
Contract volumes (1,000 Bbls)175 — 
Weighted average contract price per Bbl$61.62 $— 
Not qualifying or not designated as hedges under accounting rules:
Crude oil options:
Contract volumes (1,000 Bbls)30 — 
Weighted average premium received/paid$0.07 $— 
Schedule of Fair Value of Derivative Assets and Liabilities
The following tables reflect the estimated fair value position of our derivatives at September 30, 2025 and December 31, 2024:
 Unaudited Condensed Consolidated Balance Sheets LocationFair Value
 September 30, 2025 December 31, 2024
Asset Derivatives:
Commodity derivatives - futures, swaps and options (undesignated hedges):
Gross amount of recognized assets
Current Assets - Other(1)
$9 $96 
Gross amount offset in the Unaudited Condensed Consolidated Balance Sheets
Current Assets - Other(1)
(9)(96)
Net amount of assets presented in the Unaudited Condensed Consolidated Balance Sheets $— $— 
Commodity derivatives - futures (designated hedges):
Gross amount of recognized assets
Current Assets - Other(1)
$94 $94 
Gross amount offset in the Unaudited Condensed Consolidated Balance Sheets
Current Assets - Other(1)
(94)(94)
Net amount of assets presented in the Unaudited Condensed Consolidated Balance Sheets$— $— 
Liability Derivatives:
Commodity derivatives - futures, swaps and options (undesignated hedges):
Gross amount of recognized liabilities
Current Assets - Other(1)
$— $(182)
Gross amount offset in the Unaudited Condensed Consolidated Balance Sheets
Current Assets - Other(1)
— 182 
Net amount of liabilities presented in the Unaudited Condensed Consolidated Balance Sheets$— $— 
Commodity derivatives - futures (designated hedges):
Gross amount of recognized liabilities
Current Assets - Other(1)
$(164)$(637)
Gross amount offset in the Unaudited Condensed Consolidated Balance Sheets
Current Assets - Other(1)
164 637 
Net amount of liabilities presented in the Unaudited Condensed Consolidated Balance Sheets$— $— 
(1)As noted above, our exchange-traded derivatives are transacted through brokerage accounts and subject to margin requirements. We offset fair value amounts recorded for our exchange-traded derivative contracts against required margin deposits recorded in our Unaudited Condensed Consolidated Balance Sheets within “Current Assets - Other”.
Schedule of Effect on Operating Results
Effect on Operating Results 
Amount of Gain (Loss) Recognized in Income (Loss)
 Unaudited Condensed Consolidated Statements of Operations LocationThree Months Ended
September 30, 		Nine Months Ended
September 30,
 2025202420252024
Commodity derivatives - futures, swaps and options:
Contracts designated as hedges under accounting guidanceOnshore transportation and services product costs$(44)$2,539 $1,043 $(438)
Contracts not considered hedges under accounting guidanceOnshore transportation and services product costs5 237 (537)(49)
Total commodity derivatives$(39)$2,776 $506 $(487)