Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Schedule of Reportable Segments

Inter-segment transactions primarily included the sale of fuel to all of the Company’s wholesale locations, and beginning February 1, 2026, to all the fleet fueling locations, at the Company’s cost of fuel plus a fixed margin. Until February 1, 2026, a fixed fee was charged by the GPMP segment primarily to sites that sold fuel in the fleet fueling segment that were not supplied by the GPMP segment. The effect of these inter-segment transactions was eliminated in the interim financial statements.

	Wholesale		Fleet Fueling		GPMP			All Other		Total
For the Three Months Ended June 30, 2026	(in thousands)
Revenues
Fuel revenue	$	917,696	$	175,343	$	—		$	5,880	$	1,098,919
Fuel revenue – related party		—		—		716,008			—		716,008
Other revenues, net		16,984		2,905		47			355		20,291
Other revenues, net – related party		405		—		784			2,181		3,370
Total revenues from external customers	$	935,085	$	178,248	$	716,839		$	8,416	$	1,838,588
Inter-segment revenues	$	—	$	—	$	1,039,889		$	3,714	$	1,043,603
Fuel costs	$	891,375	$	158,258	$	—
Fuel costs – related party						704,550
Fuel costs – inter-segment						1,023,250
Credit card fees		1,826		1,325
Rent, including allocated expenses		13,580		2,952
Repairs and maintenance		1,944		916
Other segment expenses		1,477		1,510		2,358			11,815
Operating income from segments	$	24,883	$	13,287	$	26,570			315	$	65,055
Interest and other financial expenses, net					$	(3,679	)			$	(3,679	)

	Wholesale		Fleet Fueling		GPMP			All Other		Total
For the Three Months Ended June 30, 2025	(in thousands)
Revenues
Fuel revenue	$	696,103	$	118,121	$	353		$	6,294	$	820,871
Fuel revenue – related party		—		—		604,065			—		604,065
Other revenues, net		12,501		2,245		191			292		15,229
Other revenues, net – related party		—		—		669			2,550		3,219
Total revenues from external customers	$	708,604	$	120,366	$	605,278		$	9,136	$	1,443,384
Inter-segment revenues	$	—	$	—	$	653,396		$	2,839	$	656,235
Fuel costs	$	670,714	$	100,353	$	352
Fuel costs – related party						592,799
Fuel costs – inter-segment						638,915
Credit card fees		1,823		1,136
Rent, included allocated expenses		9,451		2,845
Repairs and maintenance		1,277		1,255
Other segment expenses		2,097		1,698		2,660			11,328
Operating income from segments	$	23,242	$	13,079	$	23,948		$	647	$	60,916
Interest and other financial expenses, net					$	(7,797	)			$	(7,797	)

	Wholesale		Fleet Fueling		GPMP			All Other		Total
For the Six Months Ended June 30, 2026	(in thousands)
Revenues
Fuel revenue	$	1,591,551	$	302,642	$	—		$	12,324	$	1,906,517
Fuel revenue – related party		—		—		1,230,492			—		1,230,492
Other revenues, net		33,514		5,146		218			515		39,393
Other revenues, net – related party		929		—		1,498			4,124		6,551
Total revenues from external customers	$	1,625,994	$	307,788	$	1,232,208		$	16,963	$	3,182,953
Inter-segment revenues	$	—	$	—	$	1,763,140		$	6,856	$	1,769,996
Fuel costs	$	1,542,339	$	268,812	$	—
Fuel costs – related party						1,208,069
Fuel costs – inter-segment						1,730,413
Credit card fees		3,348		2,735
Rent, included allocated expenses		26,532		5,924
Repairs and maintenance		3,211		1,906
Other segment expenses		2,669		3,169		4,680			23,360
Operating income from segments	$	47,895	$	25,242	$	52,186		$	459	$	125,782
Interest and other financial expenses, net					$	(9,200	)			$	(9,200	)

	Wholesale		Fleet Fueling		GPMP			All Other		Total
For the Six Months Ended June 30, 2025	(in thousands)
Revenues
Fuel revenue	$	1,326,163	$	236,527	$	849		$	14,130	$	1,577,669
Fuel revenue – related party		—		—		1,178,481			—		1,178,481
Other revenues, net		22,853		4,363		346			624		28,186
Other revenues, net – related party		—		—		1,321			5,053		6,374
Total revenues from external customers	$	1,349,016	$	240,890	$	1,180,997		$	19,807	$	2,790,710
Inter-segment revenues	$	—	$	—	$	1,247,544		$	5,421	$	1,252,965
Fuel costs	$	1,280,727	$	203,457	$	848
Fuel costs – related party						1,156,632
Fuel costs – inter-segment						1,219,859
Credit card fees		3,492		2,181
Rent, included allocated expenses		18,107		5,699
Repairs and maintenance		2,268		2,173
Other segment expenses		2,550		3,309		5,328			23,601
Operating income from segments	$	41,872	$	24,071	$	45,874		$	1,627	$	113,444
Interest and other financial expenses, net					$	(15,275	)			$	(15,275	)

Schedule of Reconciliation of Operating Income from Reportable Segments to Consolidated Loss Before Income Taxes

A reconciliation of operating income from reportable segments to income before income taxes on the condensed consolidated statements of operations is as follows:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2026			2025			2026			2025
	(in thousands)
Operating income from reportable segments	$	64,740		$	60,269		$	125,323		$	111,817
All other operating income		315			647			459			1,627
Intercompany charges by the GPMP segment 1		(16,639	)		(14,481	)		(32,727	)		(27,685	)
Interest and other financial expenses, net		(3,679	)		(7,797	)		(9,200	)		(15,275	)
Amounts not allocated to segments:
Site operating expenses, including allocated expenses		(284	)		(746	)		(469	)		(1,473	)
General and administrative expenses, including allocated   expenses		(11,219	)		(9,572	)		(21,523	)		(19,492	)
Depreciation and amortization, including allocated   expenses		(12,903	)		(11,461	)		(25,878	)		(23,124	)
Other expenses, net		(489	)		(882	)		(1,552	)		(2,077	)
Interest and other financial expenses, net		(3,495	)		(2,559	)		(7,001	)		(4,693	)
Income before income taxes	$	16,347		$	13,418		$	27,432		$	19,625

1 Represents the fixed margin or fixed fee (through December 31, 2025, 5.0 cents per gallon; 6.0 cents per gallon thereafter) paid to the GPMP segment for the cost of fuel and recorded by the GPMP segment as inter-segment revenues.