v3.26.1
Derivatives (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Outstanding Derivatives Entered Into to Hedge Inventory or Fixed Price Purchase Commitments
At June 30, 2026, 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
Not qualifying or not designated as hedges under accounting rules:
Crude oil futures:
Contract volumes (1,000 Bbls)50 80 
Weighted average contract price per Bbl$88.08 $81.96 
Crude oil calendar spread swaps:
Contract volumes (1,000 Bbls)50 — 
Weighted average contract price per Bbl$0.14 $— 
Crude oil options:
Contract volumes (1,000 Bbls)10 — 
Weighted average premium received/paid$0.50 $— 
Schedule of Fair Value of Derivative Assets and Liabilities
The following tables reflect the estimated fair value position of our derivatives at June 30, 2026 and December 31, 2025:
Unaudited Condensed Consolidated Balance Sheets LocationFair Value
June 30, 2026December 31, 2025
Asset Derivatives:
Commodity derivatives - futures, swaps and options (undesignated hedges):
Gross amount of recognized assets
Accounts Receivable - trade, net;

Current Assets - Other(1)
$1,308 $59 
Gross amount offset in the Unaudited Condensed Consolidated Balance Sheets
Current Assets - Other(1)
(1,243)(8)
Net amount of assets presented in the Unaudited Condensed Consolidated Balance Sheets $65 $51 
Commodity derivatives - futures (designated hedges):
Gross amount of recognized assets
Current Assets - Other(1)
$— $156 
Gross amount offset in the Unaudited Condensed Consolidated Balance Sheets
Current Assets - Other(1)
— (156)
Net amount of assets presented in the Unaudited Condensed Consolidated Balance Sheets$— $— 
Liability Derivatives:
Commodity derivatives - futures, swaps and options (undesignated hedges):
Gross amount of recognized liabilities
Accounts Receivable - trade, net;

Current Assets - Other(1)
$(1,354)$— 
Gross amount offset in the Unaudited Condensed Consolidated Balance Sheets
Current Assets - Other(1)
1,354 — 
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)
$— $(19)
Gross amount offset in the Unaudited Condensed Consolidated Balance Sheets
Current Assets - Other(1)
— 19 
Net amount of liabilities presented in the Unaudited Condensed Consolidated Balance Sheets$— $— 
(1)As noted above, certain of our derivatives are transacted through brokerage accounts and are 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
June 30, 		Six Months Ended
June 30,
2026202520262025
Commodity derivatives - futures, swaps and options:
Contracts designated as hedges under accounting guidanceOnshore transportation and services product costs$195 $1,370 $(5,916)$1,087 
Contracts not considered hedges under accounting guidanceOnshore transportation and services product costs;

Offshore transportation operating costs		(848)(455)(2,308)(542)
Total commodity derivatives$(653)$915 $(8,224)$545