Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2020

The following table presents selected quarterly financial data for the periods indicated (in thousands, except per share data):


	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
Year Ended December 31, 2020
Revenues	$	353,477	$	152,286	$	266,904	$	249,755
Operating (losses) earnings (1)	(19,940)		2,935		6,056		5,202
Net (losses) earnings	(11,427)		3,503		3,073		5,846

Earnings (losses) per share: (2)
Basic net (losses) earnings per share	$	(2.70)	$	0.83	$	0.72	$	1.38
Diluted net (losses) earnings per share	$	(2.69)	$	0.82	$	0.72	$	1.37

Year Ended December 31, 2019
Revenues	$	445,168	$	484,433	$	450,307	$	431,339
Operating earnings (losses)	5,253		(643)		303		2,887
Net earnings	4,908		6		640		2,653

Earnings per share:
Basic net earnings per share	$	1.16	$	—	$	0.15	$	0.63
Diluted net earnings per share	$	1.16	$	—	$	0.15	$	0.63

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(1)The first quarter of 2020 includes inventory valuation losses of approximately $24.2 million in our crude oil marketing segment.

(2)The sum of our quarterly earnings (losses) per share amounts may not equal our full year amounts due to slight rounding differences.