v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUE FROM OPERATIONS        
Total revenue from operations $ 144,255 $ 56,583 $ 225,745 $ 140,275
COSTS AND EXPENSES        
Crude oil, fuel use, and chemicals 109,111 50,669 166,340 125,245
Other conversion costs 9,219 4,581 12,153 6,862
Tolling and terminaling costs 179 140 291 262
Depreciation and amortization 646 643 1,291 1,283
Total cost of goods sold 119,155 56,033 180,075 133,652
Other operating costs (gain)        
LEH operating fee, related party 259 276 492 458
Other operating expenses [1] 156 125 317 244
General and administrative expenses 885 704 2,057 2,059
Gain on regulatory settlement 0 0 (1,013) 0
Depreciation and amortization 74 74 148 148
Total cost of operations 120,529 57,212 182,076 136,561
Income (loss) from operations 23,726 (629) 43,669 3,714
OTHER INCOME (EXPENSE)        
Interest and other income 144 1 144 1
Interest and other expense (1,267) (1,553) (2,649) (3,017)
Total other expense (1,123) (1,552) (2,505) (3,016)
Income (loss) before income taxes 22,603 (2,181) 41,164 698
Income tax benefit (expense) (4,867) 459 (8,698) (176)
Net income (loss) $ 17,736 $ (1,722) $ 32,466 $ 522
Income per common share:        
Basic (in dollars per share) $ 1.19 $ (0.12) $ 2.18 $ 0.03
Diluted (in dollars per share) $ 1.19 $ (0.12) $ 2.18 $ 0.03
Weighted average number of common shares outstanding:        
Basic (in shares) 14,921,968 14,921,968 14,921,968 14,921,968
Diluted (in shares) 14,921,968 14,921,968 14,921,968 14,921,968
Refinery Operations [Member]        
REVENUE FROM OPERATIONS        
Total revenue from operations $ 143,490 $ 55,795 $ 224,215 $ 138,663
Tolling and Terminaling [Member]        
REVENUE FROM OPERATIONS        
Total revenue from operations $ 765 $ 788 $ 1,530 $ 1,612
[1] Includes costs and expenses associated with our pipeline and facilities assets.