| Schedule of segment reporting information |
Disclosures regarding the Company’s reportable segments with reconciliations to consolidated totals for the three and nine months ended September 30, 2026 and 2025 are presented below. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2026 | | (in millions) | Refining | | Logistics | | Corporate | | Eliminations | | Consolidated Total | | Revenues | $ | 12,127.7 | | | $ | 93.9 | | | $ | — | | | $ | (88.8) | | | $ | 12,132.8 | | | Cost of products and other | 9,190.2 | | | 1.7 | | | — | | | (84.3) | | | 9,107.6 | | | Operating expenses (income) | 662.8 | | | 29.7 | | | — | | | (4.5) | | | 688.0 | | | Depreciation and amortization expense | 158.1 | | | 8.4 | | | 4.1 | | | — | | | 170.6 | | Other segment expenses, net (1) | 0.7 | | | 1.7 | | | 63.3 | | | — | | | 65.7 | | Income (loss) from operations | 2,115.8 | | | 52.5 | | | (67.4) | | | — | | | 2,100.9 | | | Interest (income) expense, net | (4.2) | | | (0.4) | | | 31.8 | | | — | | | 27.2 | | Capital expenditures (2) (3) | 168.4 | | | 2.1 | | | 6.0 | | | — | | | 176.5 | | | | | | | | | | | | | Three Months Ended September 30, 2025 | | Refining | | Logistics | | Corporate | | Eliminations | | Consolidated Total | | Revenues | $ | 7,641.6 | | | $ | 97.5 | | | $ | — | | | $ | (88.0) | | | $ | 7,651.1 | | | Cost of products and other | 6,920.6 | | | 2.3 | | | — | | | (83.6) | | | 6,839.3 | | | Operating expenses (income) | 589.2 | | | 28.7 | | | — | | | (4.4) | | | 613.5 | | | Depreciation and amortization expense | 149.5 | | | 9.6 | | | 3.6 | | | — | | | 162.7 | | Other segment (income) expenses, net (1) | (250.0) | | | (92.3) | | | 92.0 | | | — | | | (250.3) | | | Income (loss) from operations | 232.3 | | | 149.2 | | | (95.6) | | | — | | | 285.9 | | | Interest (income) expense, net | (6.8) | | | (0.4) | | | 57.5 | | | — | | | 50.3 | | Capital expenditures (3) | 124.4 | | | 3.3 | | | 4.0 | | | — | | | 131.7 | | | | | | | | | | | | | Nine Months Ended September 30, 2026 | | Refining | | Logistics | | Corporate | | Eliminations | | Consolidated Total | | Revenues | $ | 31,703.8 | | | $ | 282.0 | | | $ | — | | | $ | (270.4) | | | $ | 31,715.4 | | | Cost of products and other | 25,840.0 | | | 8.2 | | | — | | | (256.8) | | | 25,591.4 | | | Operating expenses (income) | 1,970.0 | | | 90.6 | | | — | | | (13.6) | | | 2,047.0 | | | Depreciation and amortization expense | 456.0 | | | 25.0 | | | 11.5 | | | — | | | 492.5 | | Other segment (income) expenses, net (1) | (355.5) | | | 5.1 | | | 262.3 | | | — | | | (88.1) | | Income (loss) from operations | 3,793.3 | | | 153.1 | | | (273.8) | | | — | | | 3,672.6 | | | Interest (income) expense, net | (33.8) | | | (0.9) | | | 146.0 | | | — | | | 111.3 | | Capital expenditures (2) (3) | 668.5 | | | 5.7 | | | 10.9 | | | — | | | 685.1 | | | | | | | | | | | | | Nine Months Ended September 30, 2025 | | Refining | | Logistics | | Corporate | | Eliminations | | Consolidated Total | | Revenues | $ | 22,164.3 | | | $ | 290.0 | | | $ | — | | | $ | (261.5) | | | $ | 22,192.8 | | | Cost of products and other | 20,411.4 | | | 7.1 | | | — | | | (248.4) | | | 20,170.1 | | | Operating expenses (income) | 1,903.0 | | | 87.1 | | | — | | | (13.1) | | | 1,977.0 | | | Depreciation and amortization expense | 456.9 | | | 27.8 | | | 10.8 | | | — | | | 495.5 | | Other segment (income) expenses, net (1) | (439.0) | | | (88.9) | | | 260.4 | | | — | | | (267.5) | | | Income (loss) from operations | (168.1) | | | 256.9 | | | (271.1) | | | — | | | (182.3) | | | Interest (income) expense, net | (16.1) | | | (1.2) | | | 158.3 | | | — | | | 141.0 | | Capital expenditures (3) | 484.5 | | | 13.9 | | | 6.3 | | | — | | | 504.7 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at September 30, 2026 | | Refining | | Logistics | | Corporate | | Eliminations | | Consolidated Total | Total assets (4) | $ | 15,600.1 | | | $ | 654.8 | | | $ | 1,018.9 | | | $ | (39.8) | | | $ | 17,234.0 | | | | | | | | | | | | | Balance at December 31, 2025 | | Refining | | Logistics | | Corporate | | Eliminations | | Consolidated Total | Total assets (4) | $ | 11,469.1 | | | $ | 683.4 | | | $ | 906.3 | | | $ | (38.9) | | | $ | 13,019.9 | |
__________________________________(1) Other segment (income) expenses, net, include General and administrative expenses (excluding depreciation and amortization expenses), Gain on insurance recoveries, net, Equity (income) loss in investee, and Loss (gain) on sale of assets. (2) For both the three and nine months ended September 30, 2026, the Company’s refining segment Capital expenditures exclude $46.5 million of costs associated with the Hydrogen Plants Asset Purchase. (3) For the three and nine months ended September 30, 2026, the Company’s refining segment Capital expenditures exclude $8.4 million and $253.6 million, respectively, of costs associated with the rebuild of units damaged by the Martinez refinery fire that were reimbursed by insurance proceeds. For the three and nine months ended September 30, 2025, the Company’s refining segment Capital expenditures exclude $127.6 million and $259.5 million, respectively, of costs associated with the rebuild of units damaged by the Martinez refinery fire that were reimbursed by insurance proceeds. (4) As of September 30, 2026 and December 31, 2025, Corporate assets include the Company’s Equity method investment in SBR of $896.9 million and $826.3 million, respectively.
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