Six Months Ended June 30, 2025

As Previously
Reported

Effect of
Restatement

As Restated

(In millions)

Operating activities

Net loss

$

(309.9)

$

—

$

(309.9)

Non-cash RINs (gain) expense

211.6

—

211.6

Unrealized (gain ) loss on derivative instruments

(7.1)

—

(7.1)

Other non-cash activities

42.0

40.5

82.5

Changes in assets and liabilities

(44.6)

36.4

(8.2)

Net cash used in operating activities

(108.0)

76.9

(31.1)

Investing activities

Additions to property, plant and equipment

(31.2)

—

(31.2)

Proceeds from sale of business

95.4

—

95.4

Net cash used in investing activities

64.2

—

64.2

Financing activities

Proceeds from borrowings — revolving credit facility

1,357.7

—

1,357.7

Repayments of borrowings — revolving credit facility

(1,435.9)

—

(1,435.9)

Proceeds from borrowings — MRL revolving credit agreement

26.6

—

26.6

Repayments of borrowings — MRL revolving credit agreement

(26.6)

(0.1)

(26.7)

Proceeds from borrowings — senior notes

100.0

—

100.0

Repayments of borrowings — senior notes

(150.0)

—

(150.0)

Proceeds from inventory financing

192.9

(18.2)

174.7

Payments on inventory financing

(213.3)

(18.2)

(231.5)

Proceeds from DOE Loan

781.8

—

781.8

Proceeds from other financing obligations

40.0

—

40.0

Repayments of borrowings - MRL Asset Financing Arrangements

(368.0)

(28.1)

(396.1)

Repayments of borrowings - MRL Term Loan Credit Agreement

(73.7)

(12.3)

(86.0)

Payments on other financing obligations

(43.0)

—

(43.0)

Net cash provided by financing activities

188.5

(76.9)

111.6

Net increase in cash, cash equivalents and restricted cash

144.7

—

144.7

Cash, cash equivalents and restricted cash at beginning of period

45.9

—

45.9

Cash, cash equivalents and restricted cash at end of period

$

190.6

$

—

$

190.6

Cash and cash equivalents

$

110.6

$

—

$

110.6

Restricted cash

$

80.0

$

—

$

80.0

Supplemental disclosure of non-cash investing activities

Non-cash property, plant and equipment additions

$

24.1

$

—

$

24.1