v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 184,997 $ 164,113
Restricted cash 1,853 351
Trade accounts receivable, net of allowances of $0.6 million and $0.4 million at June 30, 2026, and December 31, 2025, respectively 514,384 312,672
Inventories 1,441,156 1,228,787
Prepaid and other current assets 311,919 70,168
Total current assets 2,454,309 1,776,091
Property, plant, and equipment    
Property, plant, and equipment 1,934,371 1,863,105
Less accumulated depreciation and amortization (707,071) (665,154)
Property, plant, and equipment, net 1,227,300 1,197,951
Long-term assets    
Operating lease right-of-use (“ROU”) assets 361,234 391,395
Intangible assets, net 9,949 9,484
Goodwill 127,276 127,276
Other long-term assets 201,519 197,032
Total assets 4,534,034 3,833,689
Current liabilities    
Current maturities of long-term debt 1,048 4,930
Obligations under inventory financing agreements 162,307 161,492
Accounts payable 539,476 341,555
Accrued taxes 37,571 31,565
Operating lease liabilities 110,005 99,558
Other accrued liabilities 483,243 467,036
Total current liabilities 1,333,650 1,106,136
Long-term liabilities    
Long-term debt, net of current maturities 738,150 797,940
Finance lease liabilities 10,842 12,002
Operating lease liabilities 271,689 312,450
Other liabilities 160,648 52,645
Total liabilities 2,514,979 2,281,173
Noncontrolling interest 36,614 40,976
Stockholders’ equity    
Preferred stock, $0.01 par value: 3,000,000 shares authorized, none issued 0 0
Common stock, $0.01 par value; 500,000,000 shares authorized at June 30, 2026, and December 31, 2025, 49,274,156 shares and 49,685,138 shares issued at June 30, 2026, and December 31, 2025, respectively 493 497
Additional paid-in capital 940,696 957,941
Accumulated earnings 1,029,711 541,376
Accumulated other comprehensive income 11,541 11,726
Total stockholders’ equity 1,982,441 1,511,540
Total liabilities, noncontrolling interest, and stockholders’ equity 4,534,034 3,833,689
Refining and logistics equity investments    
Long-term assets    
Refining and logistics equity investments and Investment in Laramie Energy, LLC 109,128 98,654
Investment in Laramie Energy, LLC    
Long-term assets    
Refining and logistics equity investments and Investment in Laramie Energy, LLC $ 43,319 $ 35,806