Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2021

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data and Earnings Per Share

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, 2021
Revenues	$	325,491	$	486,744	$	568,181	$	644,788
Operating earnings	3,851		6,335		2,301		3,672
Net earnings	2,808		4,709		1,546		2,825
Earnings per share: (1)
Basic net earnings per share	$	0.66	$	1.11	$	0.36	$	0.65
Diluted net earnings per share	$	0.66	$	1.10	$	0.36	$	0.64
Year Ended December 31, 2020
Revenues	$	353,477	$	152,286	$	266,904	$	249,755
Operating (losses) earnings (2)	(19,940)		2,935		6,056		5,202
Net (losses) earnings	(11,427)		3,503		3,073		5,846
Earnings (losses) per share: (1)
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

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

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