v3.26.1
Investment in Unconsolidated Subsidiary (Tables)
 6 Months Ended
Jul. 04, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
Selected financial information for the Company’s DGD Joint Venture is as follows:
(in thousands)June 30, 2026December 31, 2025
Assets:
Cash$387,284 $195,765 
Total other current assets2,175,210 1,199,194 
Property, plant and equipment, net3,601,119 3,702,254 
Other assets122,119 139,765 
Total assets$6,285,732 $5,236,978 
Liabilities and members' equity:
Revolver$— $— 
Total other current portion of long-term debt28,443 29,487 
Total other current liabilities630,098 332,256 
Total long-term debt663,293 677,671 
Total other long-term liabilities17,796 17,748 
Total members' equity4,946,102 4,179,816 
Total liabilities and members' equity$6,285,732 $5,236,978 

Three Months EndedSix Months Ended
(in thousands)June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Revenues:
Operating revenues$2,681,999 $1,097,831 $4,096,045 $1,997,740 
Expenses:
Total costs and expenses less lower of cost or market inventory valuation adjustment and depreciation, amortization and accretion expense1,896,706 1,119,445 3,097,797 2,096,551 
Lower of cost or market (LCM) inventory valuation adjustment— (111,245)(96,720)(202,249)
Depreciation, amortization and accretion expense
71,020 61,529 148,948 129,001 
Total costs and expenses1,967,726 1,069,729 3,150,025 2,023,303 
Operating income/(loss)714,273 28,102 946,020 (25,563)
Other income3,697 2,181 5,211 5,883 
Interest and debt expense, net(10,739)(12,844)(21,895)(22,150)
Income/(loss) before income tax expense707,231 17,439 $929,336 $(41,830)
Income tax expense284 1,105 328 1,144 
Net income/(loss)$706,947 $16,334 $929,008 $(42,974)