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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating Revenues        
Total operating revenues $ 5,005.0 $ 5,451.7 $ 9,530.4 $ 10,295.4
Operating Expenses        
Store and other operating expenses 275.2 269.9 541.3 522.0
Depreciation and amortization 66.0 59.3 134.2 118.0
Selling, general and administrative 50.9 59.1 111.0 121.2
Accretion of asset retirement obligations 0.8 0.8 1.7 1.6
Total operating expenses 4,785.8 5,233.2 9,222.9 9,972.1
Gain (loss) on sale of assets 0.0 (1.4) (0.3) (1.0)
Income (loss) from operations 219.2 217.1 307.2 322.3
Other income (expense)        
Investment income (expense) 0.1 0.9 0.0 2.1
Interest expense (27.8) (24.9) (53.2) (49.8)
Other nonoperating income (expense) 1.0 0.1 0.4 0.5
Total other income (expense) (26.7) (23.9) (52.8) (47.2)
Income before income taxes 192.5 193.2 254.4 275.1
Income tax expense (benefit) 46.9 48.4 55.6 64.3
Net Income $ 145.6 $ 144.8 $ 198.8 $ 210.8
Basic and Diluted Earnings Per Common Share:        
Basic (in dollars per share) $ 7.44 $ 7.02 $ 10.07 $ 10.17
Diluted (in dollars per share) $ 7.36 $ 6.92 $ 9.95 $ 10.02
Weighted-Average Common Shares Outstanding (in thousands):        
Basic (in shares) 19,546 20,643 19,738 20,728
Diluted (in shares) 19,765 20,922 19,985 21,043
Supplemental information:        
Includes excise taxes of $ 599.5 $ 597.5 $ 1,151.3 $ 1,156.3
Petroleum product sales        
Operating Revenues        
Total operating revenues [1] 3,851.4 4,340.5 7,341.2 8,152.2
Operating Expenses        
Cost of goods sold [1] 3,519.2 3,980.2 6,757.5 7,536.3
Merchandise sales        
Operating Revenues        
Total operating revenues 1,092.4 1,080.4 2,091.8 2,081.1
Operating Expenses        
Cost of goods sold 873.7 863.9 1,677.2 1,673.0
Other operating revenues        
Operating Revenues        
Total operating revenues $ 61.2 $ 30.8 $ 97.4 $ 62.1
[1] Includes excise taxes of $599.5 million, $597.5 million and $1,151.3 million, $1,156.3 million for the three and six months ended June 30, 2025 and 2024, respectively.