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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 110.6 $ 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 271.1 241.7
Other 34.8 36.4
Total accounts receivable, net 305.9 278.1
Inventories 370.5 416.3
Prepaid expenses and other current assets 28.8 25.7
Total current assets 895.8 766.0
Property, plant and equipment, net 1,387.7 1,438.8
Other noncurrent assets, net 492.9 553.4
Total assets 2,776.4 2,758.2
Current liabilities:    
Accounts payable 279.3 320.8
Accrued interest payable 47.7 45.4
Accrued salaries, wages and benefits 57.8 94.7
Obligations under inventory financing agreements   32.0
Current portion of RINs obligation 457.0 245.4
Other current liabilities 102.4 89.8
Current portion of long-term debt 231.8 35.5
Total current liabilities 1,176.0 863.6
Other long-term liabilities 259.0 296.2
Long-term debt, less current portion 2,105.5 2,064.7
Total liabilities 3,540.5 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 86,659,413 and 85,950,493 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively. 0.9 0.9
Additional paid-in capital 837.5 825.4
Warrants: 2,000,000 warrants issued and outstanding as of June 30, 2025 and December 31, 2024. 7.8 7.8
Accumulated deficit (1,848.9) (1,539.0)
Accumulated other comprehensive loss (7.0) (7.0)
Total stockholders' equity (1,009.7) (711.9)
Total liabilities and stockholders' equity $ 2,776.4 $ 2,758.2