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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating Revenues        
Total operating revenues $ 2,839.0 $ 3,657.6 $ 8,403.4 $ 10,574.4
Operating Expenses        
Depreciation and amortization 40.6 37.6 119.5 113.8
Selling, general and administrative 53.7 36.0 130.0 105.7
Accretion of asset retirement obligations 0.6 0.6 1.7 1.6
Total operating expenses 2,738.7 3,537.1 7,938.2 10,379.6
Net settlement proceeds 0.0 0.0 0.0 0.1
Gain (loss) on sale of assets 0.0 0.2 1.4 0.1
Income (loss) from operations 100.3 120.7 466.6 195.0
Other income (expense)        
Interest income 0.0 0.8 1.0 2.4
Interest expense (12.4) (15.3) (38.7) (42.1)
Loss on early debt extinguishment 0.0 (14.8) 0.0 (14.8)
Other nonoperating income (expense) 0.2 (0.1) (0.5) 0.0
Total other income (expense) (12.2) (29.4) (38.2) (54.5)
Income (loss) before income taxes 88.1 91.3 428.4 140.5
Income tax expense (benefit) 21.2 22.1 103.3 33.3
Net Income $ 66.9 $ 69.2 $ 325.1 $ 107.2
Basic and Diluted Earnings Per Common Share        
Basic (in dollars per share) $ 2.30 $ 2.20 $ 11.00 $ 3.35
Diluted (in dollars per share) $ 2.27 $ 2.18 $ 10.88 $ 3.33
Weighted-Average Common Shares Outstanding (in thousands):        
Basic (in shares) 29,111 31,447 29,546 31,961
Diluted (in shares) 29,499 31,704 29,887 32,189
Supplemental information:        
Excise taxes $ 447.0 $ 498.9 $ 1,300.7 $ 1,452.5
Product        
Operating Revenues        
Total operating revenues [1] 2,056.0 2,965.5 6,125.1 8,595.0
Operating Expenses        
Operating expenses [1] 1,862.2 2,749.6 5,409.8 8,104.8
Merchandise sales        
Operating Revenues        
Total operating revenues 756.8 681.1 2,211.4 1,946.1
Operating Expenses        
Operating expenses 638.7 569.9 1,867.4 1,631.9
Other operating revenues        
Operating Revenues        
Total operating revenues 26.2 11.0 66.9 33.3
Operating Expenses        
Operating expenses $ 142.9 $ 143.4 $ 409.8 $ 421.8
[1] Includes excise taxes of $447.0 million for the three months ended September 30, 2020, $498.9 million for the three months ended September 30, 2019, $1,300.7 million for the nine months ended September 30, 2020 and $1,452.5 million the nine months ended September 30, 2019.