v3.26.1
Note 4 - Revenue and Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Notes Tables  
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]
  June 30,  December 31, 
  

2026

  

2025

 
  

(in thousands)

 
         

Accounts receivable (including related-party), beginning January 1st, of period

 $8,344  $5,960 

Accounts receivable (including related-party), end of period

  12,526   8,344 
         

Unearned revenue, beginning January 1st, of period

 $780  $2,727 

Unearned revenue, end of period

  576   780 
Segment Reporting [Table Text Block]
  

Three Months Ended

 
  

June 30,

 
  

2026

  

2025

 
  

Refinery Operations

  

Tolling & Terminaling

  

Corporate & Other

  

Intercompany Elimination (1)

  

Consolidated

  

Refinery Operations

  

Tolling & Terminaling

  

Corporate & Other

  

Intercompany Elimination

  

Consolidated

 
  

(in thousands)

 
                                         

Segment revenue

 $143,490  $1,465  $-  $(700) $144,255  $55,795  $1,361  $-  $(573) $56,583 
                                         

Crude oil, fuel use, and chemicals

  109,111   -   -   -   109,111   50,669   -   -   -   50,669 

Other conversion costs

  9,919   -   -   (700)  9,219   5,154   -   -   (573)  4,581 

Tolling and terminaling costs

  -   179   -   -   179   -   140   -   -   140 

Depreciation and amortization

  304   342   -   -   646   301   342   -   -   643 

Total costs of goods sold

  119,334   521   -   (700)  119,155   56,124   482   -   (573)  56,033 
                                         

LEH operating fee, related party

  259   -   -   -   259   276   -   -   -   276 

General and administrative expenses

  370   69   446   -   885   580   72   52   -   704 

Other operating expenses(2)

  -   -   156   -   156   -   -   125   -   125 

Depreciation and amortization

  -   -   74   -   74   -   -   74   -   74 

Interest, net

  621   397   105   -   1,123   928   444   180   -   1,552 

Total costs and expenses

  120,584   987   781   (700)  121,652   57,908   998   431   (573)  58,764 
                                         

Income (loss) before income taxes

  22,906   478   (781)  -   22,603   (2,113)  363   (431)  -   (2,181)
                                         

Income tax benefit (expense)

  -   -   (4,867)  -   (4,867)  -   -   459   -   459 
                                         

Net income (loss)

 $22,906  $478  $(5,648) $-  $17,736  $(2,113) $363  $28  $-  $(1,722)
  

Six Months Ended

 
  

June 30,

 
  

2026

  

2025

 
  

Refinery Operations

  

Tolling & Terminaling

  

Corporate & Other

  

Intercompany Elimination (1)

  

Consolidated

  

Refinery Operations

  

Tolling & Terminaling

  

Corporate & Other

  

Intercompany Elimination (1)

  

Consolidated

 
  

(in thousands)

 
                                         

Segment revenue

 $224,215  $2,797  $-  $(1,267) $225,745  $138,663  $2,752  $-  $(1,140) $140,275 
                                         

Crude oil, fuel use, and chemicals

  166,340   -   -   -   166,340   125,245   -   -   -   125,245 

Other conversion costs

  13,420   -   -   (1,267)  12,153   8,002   -   -   (1,140)  6,862 

Tolling and terminaling costs

  -   291   -   -   291   -   262   -   -   262 

Depreciation and amortization

  608   683   -   -   1,291   599   684   -   -   1,283 

Total costs of goods sold

  180,368   974   -   (1,267)  180,075   133,846   946   -   (1,140)  133,652 
                                         

LEH operating fee, related party

  492         -   492   458   -   -   -   458 

General and administrative expenses

  918   137   1,002   -   2,057   919   160   980   -   2,059 

Gain on regulatory settlement

        (1,013)     (1,013)  -   -   -   -   - 

Other operating expenses(2)

  -   -   317   -   317   -   -   244   -   244 

Depreciation and amortization

  -      148   -   148   -   -   148   -   148 

Interest, net

  1,475   811   219   -   2,505   1,764   921   331   -   3,016 

Total costs and expenses

  183,253   1,922   673   (1,267)  184,581   136,987   2,027   1,703   (1,140)  139,577 
                                         

Income (loss) before income taxes

  40,962   875   (673)  -   41,164   1,676   725   (1,703)  -   698 
                                         

Income tax expense

  -   -   (8,698)  -   (8,698)  -   -   (176)  -   (176)
                                         

Net income (loss)

 $40,962  $875  $(9,371) $-  $32,466  $1,676  $725  $(1,879) $-  $522 
Segment, Reconciliation of Capital Expenditures from Segments to Consolidated [Table Text Block]
  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2026

  

2025

  

2026

  

2025

 
  

(in thousands)

  

(in thousands)

 

Capital expenditures

                

Refinery operations

 $121  $29  $132  $168 

Total capital expenditures (1)

 $121  $29  $132  $168 

 
Segment Reporting, Reconciliation of Asset by Segment to Consolidated [Table Text Block]
  June 30,  December 31, 
  

2026

  

2025

 
  

(in thousands)

 

Identifiable assets

        

Refinery operations

 $112,696  $78,150 

Tolling and terminaling

  15,524   16,017 

Corporate and other

  2,095   4,905 

Total identifiable assets

 $130,315  $99,072