v3.26.1
Revenue Recognition
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
As of June 30, 2026, and December 31, 2025, receivables from contracts with customers were $456.3 million and $265.0 million, respectively. Our refining segment recognizes deferred revenues when cash payments are received in advance of delivery of products to the customer. Deferred revenue was $2.4 million and $6.7 million as of June 30, 2026, and December 31, 2025, respectively. We have elected to apply a practical expedient not to disclose the value of unsatisfied performance obligations for (i) contracts with an original expected duration of less than one year and (ii) contracts where the variable consideration has been allocated entirely to our unsatisfied performance obligation.
The following table provides information about disaggregated revenue by major product line and includes a reconciliation of the disaggregated revenues to total segment revenues (in thousands):
Three Months Ended June 30, 2026RefiningLogisticsRetail
Product or service:
Gasoline$957,965 $— $135,399 
Distillates (1)1,311,895 — 18,275 
Other refined products (2)580,106 — 22 
Merchandise— — 27,001 
Transportation and terminalling services— 79,584 — 
Other revenue55,116 — 828 
Total segment revenues (3)$2,905,082 $79,584 $181,525 
Three Months Ended June 30, 2025RefiningLogisticsRetail
Product or service:
Gasoline$680,444 $— $105,773 
Distillates (1)727,025 — 12,914 
Other refined products (2)392,184 — — 
Merchandise— — 27,147 
Transportation and terminalling services— 73,005 — 
Other revenue26,856 — 851 
Total segment revenues (3)$1,826,509 $73,005 $146,685 
Six Months Ended June 30, 2026RefiningLogisticsRetail
Product or service:
Gasoline$1,630,617 $— $232,284 
Distillates (1)2,103,987 — 29,983 
Other refined products (2)856,230 — 38 
Merchandise— — 50,645 
Transportation and terminalling services— 156,430 — 
Other revenue86,775 — 1,683 
Total segment revenues (3)$4,677,609 $156,430 $314,633 
Six Months Ended June 30, 2025RefiningLogisticsRetail
Product or service:
Gasoline$1,259,744 $— $206,406 
Distillates (1)1,386,910 — 23,902 
Other refined products (2)758,534 — — 
Merchandise— — 51,175 
Transportation and terminalling services— 144,420 — 
Other revenue107,450 — 1,634 
Total segment revenues (3)$3,512,638 $144,420 $283,117 
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(1)Distillates primarily include diesel and jet fuel.
(2)Other refined products include fuel oil, vacuum gas oil, and asphalt.
(3)Refer to “Note 19—Segment Information” for the reconciliation of segment revenues to total consolidated revenues.