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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 123.4 $ 38.1
Restricted cash 80.0 7.8
Accounts receivable, net:    
Trade, less allowance for credit losses of $1.3 million and $1.1 million, respectively 281.4 241.7
Other 21.8 36.4
Total accounts receivable 303.2 278.1
Inventories 389.4 416.3
Prepaid expenses and other current assets 21.9 25.7
Total current assets 917.9 766.0
Property, plant and equipment, net 1,412.9 1,438.8
Other noncurrent assets, net 492.8 553.4
Total assets 2,823.6 2,758.2
Current liabilities:    
Accounts payable 306.1 320.8
Accrued interest payable 36.4 45.4
Accrued salaries, wages and benefits 45.2 94.7
Obligations under inventory financing agreements   32.0
Current portion of RINs obligation 362.6 245.4
Other current liabilities 94.9 89.8
Current portion of long-term debt 23.9 35.5
Total current liabilities 869.1 863.6
Other long-term liabilities 269.0 296.2
Long-term debt, less current portion 2,302.2 2,064.7
Total liabilities 3,440.3 3,224.5
Commitments and contingencies
Redeemable noncontrolling interest 245.6 245.6
Stockholders' equity:    
Common stock: par value $0.01 per share, 700,000,000 shares authorized, and 86,621,470 and 85,950,493 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively. 0.9 0.9
Additional paid-in capital 837.0 825.4
Warrants: 2,000,000 warrants issued and outstanding as of March 31, 2025 and December 31, 2024. 7.8 7.8
Accumulated deficit (1,701.0) (1,539.0)
Accumulated other comprehensive loss (7.0) (7.0)
Total stockholders' equity (862.3) (711.9)
Total liabilities and stockholders' equity $ 2,823.6 $ 2,758.2