v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Sales $ 6,792,088 $ 4,626,925 $ 12,113,888 $ 9,219,122
Cost of sales 6,463,147 4,354,563 11,452,780 8,691,519
Gross profit 328,941 272,362 661,108 527,603
Costs and operating expenses:        
Selling, general and administrative expenses 83,031 74,775 182,381 148,492
Operating expenses 136,834 135,663 266,068 262,378
Amortization expense 1,269 1,376 2,539 2,788
Net loss (gain) on sale and disposition of assets 444 271 (2,982) (2,219)
Long-lived asset impairment   211   211
Total costs and operating expenses 221,578 212,296 448,006 411,650
Operating income 107,363 60,066 213,102 115,953
Other income (expense):        
Income from equity method investments 1,983 2,350 2,722 2,416
Interest expense (33,084) (34,523) (68,587) (70,562)
Loss on early extinguishment of debt   (2,795)   (2,795)
Income before income tax expense (benefit) 76,262 25,098 147,237 45,012
Income tax (expense) benefit (5,277) 112 (6,116) (1,118)
Net income 70,985 25,210 141,121 43,894
Less: General partner's interest in net income, including incentive distribution rights 5,876 4,615 11,269 9,027
Preferred Limited Partners        
Other income (expense):        
Net income attributable to common limited partners 1,781 1,781 3,562 3,562
Common Limited Partners        
Other income (expense):        
Net income attributable to common limited partners $ 63,328 $ 18,814 $ 126,290 $ 31,305
Basic net income per common limited partner unit $ 1.87 $ 0.55 $ 3.72 $ 0.92
Diluted net income per common limited partner unit $ 1.86 $ 0.55 $ 3.7 $ 0.92
Basic weighted average common limited partner units outstanding 33,928 33,918 33,909 33,902
Diluted weighted average common limited partner units outstanding 34,117 34,095 34,152 34,204