Note 4 - Revenue and Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Notes Tables

Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]

	March 31,		December 31,
	2024		2023
Accounts receivable (including related-party), beginning of period	$	4,300	$	1,148
Accounts receivable (including related-party), end of period		11,826		4,300
Unearned revenue, beginning of period	$	3,243	$	3,888
Unearned revenue, end of period		2,805		3,243

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Three Months Ended
	March 31,
	2024			2023
	(in thousands)
Refinery operations	$	89,915		$	114,640
Tolling and terminaling		1,107			2,021
Total revenue from operations		91,022			116,661
Intercompany processing fees(1)
Refinery operations		(503	)		(576	)
Tolling and terminaling		503			576
Total intercompany processing fees		-			-
Costs of good sold(2)
Refinery operations		(78,782	)		(95,799	)
Tolling and terminaling		(410	)		(358	)
Total costs of goods sold		(79,192	)		(96,157	)
Gross profit
Refinery operations		10,630			18,265
Tolling and terminaling		1,200			2,239
Total gross profit		11,830			20,504
Other operating and general and administrative expenses(3)
Refinery operations		(409	)		(478	)
Tolling and terminaling		(23	)		(470	)
Corporate and other		(863	)		(530	)
Total other operating and general and administrative expenses		(1,295	)		(1,478	)
Depreciation and amortization
Refinery operations		(301	)		(304	)
Tolling and terminaling		(342	)		(342	)
Corporate and other		(61	)		(52	)
Total depreciation and amortization		(704	)		(698	)
Interest and other non-operating expenses, net
Refinery operations		(734	)		(677	)
Tolling and terminaling		(496	)		(470	)
Corporate and other		(136	)		(183	)
Total interest and other non-operating expenses, net		(1,366	)		(1,330	)
Income before income taxes
Refinery operations		9,186			16,806
Tolling and terminaling		339			957
Corporate and other		(1,060	)		(764	)
Total income before income taxes		8,465			16,999
Income tax expense		(1,841	)		(246	)
Net income	$	6,624		$	16,753

Segment, Reconciliation of Capital Expenditures from Segments to Consolidated [Table Text Block]

	Three Months Ended
	March 31,
	2024		2023
	(in thousands)
Capital expenditures
Refinery operations	$	-	$	-
Tolling and terminaling		-		-
Corporate and other		-		-
Total capital expenditures	$	-	$	-

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

	March 31,		December 31,
	2024		2023
	(in thousands)
Identifiable assets
Refinery operations	$	88,959	$	86,565
Tolling and terminaling		17,948		16,464
Corporate and other		1,577		3,048
Total identifiable assets	$	108,484	$	106,077