Segment Reporting (Tables)

9 Months Ended

Sep. 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 September 30, 2026	(in thousands)
Revenues
Fuel revenue	$	957,611	$	183,553	$	—		$	5,702	$	1,146,866
Fuel revenue – related party		—		—		718,372			—		718,372
Other revenues, net		17,223		2,888		50			190		20,351
Other revenues, net – related party		347		—		754			2,110		3,211
Total revenues from external customers	$	975,181	$	186,441	$	719,176		$	8,002	$	1,888,800
Inter-segment revenues	$	—	$	—	$	1,084,411		$	4,010	$	1,088,421
Fuel costs	$	930,891	$	165,940	$	—
Fuel costs – related party						706,886
Fuel costs – inter-segment						1,067,409
Credit card fees		1,771		1,604
Rent, including allocated expenses		13,696		3,022
Repairs and maintenance		1,494		959
Other segment expenses		1,506		1,622		2,362			11,528
Operating income from segments	$	25,823	$	13,294	$	26,930			484	$	66,531
Interest and other financial expenses, net					$	(3,789	)			$	(3,789	)

	Wholesale		Fleet Fueling		GPMP			All Other		Total
For the Three Months Ended September 30, 2025	(in thousands)
Revenues
Fuel revenue	$	725,990	$	122,692	$	—		$	6,903	$	855,585
Fuel revenue – related party		—		—		609,022			—		609,022
Other revenues, net		13,697		2,240		194			270		16,401
Other revenues, net – related party		—		—		686			2,495		3,181
Total revenues from external customers	$	739,687	$	124,932	$	609,902		$	9,668	$	1,484,189
Inter-segment revenues	$	—	$	—	$	683,889		$	3,131	$	687,020
Fuel costs	$	700,922	$	105,952	$	—
Fuel costs – related party						597,831
Fuel costs – inter-segment						668,997
Credit card fees		1,836		1,144
Rent, included allocated expenses		10,708		2,905
Repairs and maintenance		988		1,145
Other segment expenses		1,105		1,575		2,655			12,400
Operating income from segments	$	24,128	$	12,211	$	24,308		$	399	$	61,046
Interest and other financial expenses, net					$	(7,973	)			$	(7,973	)

	Wholesale		Fleet Fueling		GPMP			All Other		Total
For the Nine Months Ended September 30, 2026	(in thousands)
Revenues
Fuel revenue	$	2,549,162	$	486,195	$	—		$	18,026	$	3,053,383
Fuel revenue – related party		—		—		1,948,864			—		1,948,864
Other revenues, net		50,737		8,034		268			705		59,744
Other revenues, net – related party		1,276		—		2,252			6,234		9,762
Total revenues from external customers	$	2,601,175	$	494,229	$	1,951,384		$	24,965	$	5,071,753
Inter-segment revenues	$	—	$	—	$	2,847,551		$	10,866	$	2,858,417
Fuel costs	$	2,473,230	$	434,752	$	—
Fuel costs – related party						1,914,955
Fuel costs – inter-segment						2,797,822
Credit card fees		5,119		4,339
Rent, included allocated expenses		40,228		8,946
Repairs and maintenance		4,705		2,865
Other segment expenses		4,175		4,791		7,042			34,888
Operating income from segments	$	73,718	$	38,536	$	79,116		$	943	$	192,313
Interest and other financial expenses, net					$	(12,989	)			$	(12,989	)

	Wholesale		Fleet Fueling		GPMP			All Other		Total
For the Nine Months Ended September 30, 2025	(in thousands)
Revenues
Fuel revenue	$	2,052,153	$	359,219	$	849		$	21,033	$	2,433,254
Fuel revenue – related party		—		—		1,787,503			—		1,787,503
Other revenues, net		36,550		6,603		540			894		44,587
Other revenues, net – related party		—		—		2,007			7,548		9,555
Total revenues from external customers	$	2,088,703	$	365,822	$	1,790,899		$	29,475	$	4,274,899
Inter-segment revenues	$	—	$	—	$	1,931,435		$	8,552	$	1,939,987
Fuel costs	$	1,981,649	$	309,409	$	848
Fuel costs – related party						1,754,463
Fuel costs – inter-segment						1,888,858
Credit card fees		5,328		3,325
Rent, included allocated expenses		28,815		8,604
Repairs and maintenance		3,256		3,318
Other segment expenses		3,655		4,884		7,983			36,001
Operating income from segments	$	66,000	$	36,282	$	70,182		$	2,026	$	174,490
Interest and other financial expenses, net					$	(23,248	)			$	(23,248	)

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 September 30,						For the Nine Months Ended September 30,
	2026			2025			2026			2025
	(in thousands)
Operating income from reportable segments	$	66,047		$	60,647		$	191,370		$	172,464
All other operating income		484			399			943			2,026
Intercompany charges by the GPMP segment 1		(17,002	)		(14,892	)		(49,729	)		(42,577	)
Interest and other financial expenses, net		(3,789	)		(7,973	)		(12,989	)		(23,248	)
Amounts not allocated to segments:
Site operating expenses, including allocated expenses		(292	)		(707	)		(761	)		(2,180	)
General and administrative expenses, including allocated   expenses		(10,676	)		(10,122	)		(32,199	)		(29,614	)
Depreciation and amortization, including allocated   expenses		(13,105	)		(11,910	)		(38,983	)		(35,034	)
Other (expenses) income, net		(226	)		1,154			(1,778	)		(923	)
Interest and other financial expenses, net		(3,611	)		(3,088	)		(10,612	)		(7,781	)
Income before income taxes	$	17,830		$	13,508		$	45,262		$	33,133

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.