v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 628.6 $ 625.8
Accounts receivable, net 866.3 648.7
Inventories, net of inventory valuation reserves 999.3 726.0
Other current assets 108.7 67.5
Total current assets 2,602.9 2,068.0
Property, plant and equipment:    
Property, plant and equipment 5,909.4 5,586.9
Less: accumulated depreciation (2,476.6) (2,314.4)
Property, plant and equipment, net 3,432.8 3,272.5
Operating lease right-of-use assets 66.2 71.4
Goodwill 475.3 475.3
Other intangibles, net 400.4 405.7
Equity method investments 430.9 427.7
Other non-current assets 142.9 127.1
Total assets 7,551.4 6,847.7
Current liabilities:    
Accounts payable 1,853.0 1,633.8
Current portion of long-term debt 8.5 9.5
Current portion of operating lease liabilities 27.2 27.2
Accrued expenses and other current liabilities 1,522.6 858.9
Total current liabilities 3,411.3 2,529.4
Non-current liabilities:    
Long-term debt, net of current portion 3,181.2 3,223.6
Obligation under Inventory Intermediation Agreement 95.2 119.5
Environmental liabilities, net of current portion 30.7 31.1
Asset retirement obligations 36.3 34.0
Deferred tax liabilities 152.3 217.9
Operating lease liabilities, net of current portion 38.3 46.1
Other non-current liabilities 183.4 98.8
Total non-current liabilities 3,717.4 3,771.0
Stockholders’ equity:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued and outstanding 0.0 0.0
Common stock, $0.01 par value, 110,000,000 shares authorized, 78,774,745 shares and 77,357,447 shares issued at June 30, 2026, and December 31, 2025, respectively 0.8 0.8
Additional paid-in capital 1,267.6 1,290.9
Treasury stock, 17,575,527 shares, at cost, at June 30, 2026, and December 31, 2025, respectively (694.1) (694.1)
Retained earnings (deficit) (387.8) (311.1)
Non-controlling interests in subsidiaries 236.2 260.8
Total stockholders’ equity 422.7 547.3
Total liabilities and stockholders’ equity $ 7,551.4 $ 6,847.7