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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUE FROM OPERATIONS        
Revenues from operations $ 56,583 $ 69,659 $ 140,275 $ 160,681
COSTS AND EXPENSES        
Crude oil, fuel use, and chemicals 50,669 64,820 125,245 141,489
Other conversion costs 4,581 8,485 6,862 10,598
Tolling and terminaling costs 140 410 262 820
Depreciation and amortization 643 643 1,283 1,286
Total cost of goods sold 56,033 74,358 133,652 154,193
Other operating costs        
LEH operating fee, related party 276 254 458 426
Other operating expenses [1] 125 140 244 280
General and administrative expenses 704 1,471 2,059 2,454
Depreciation and amortization 74 62 148 123
Total cost of operations 57,212 76,285 136,561 157,476
Income (loss) from operations (629) (6,626) 3,714 3,205
OTHER INCOME (EXPENSE)        
Interest and other income 1 43 1 191
Interest and other expense (1,553) (1,483) (3,017) (2,997)
Total other expense (1,552) (1,440) (3,016) (2,806)
Income (loss) before income taxes (2,181) (8,066) 698 399
Income tax benefit (expense) 459 1,716 (176) (125)
Net income (loss) $ (1,722) $ (6,350) $ 522 $ 274
Income (loss) per common share:        
Basic (in dollars per share) $ (0.12) $ (0.43) $ 0.03 $ 0.02
Diluted (in dollars per share) $ (0.12) $ (0.43) $ 0.03 $ 0.02
Weighted average number of common shares outstanding:        
Basic (in shares) 14,921,968 14,921,968 14,921,968 14,921,968
Diluted (in shares) 14,921,968 14,921,968 14,921,968 14,921,968
Refinery Operations [Member]        
REVENUE FROM OPERATIONS        
Revenues from operations $ 55,795 $ 68,548 $ 138,663 $ 158,463
Tolling and Terminaling [Member]        
REVENUE FROM OPERATIONS        
Revenues from operations $ 788 $ 1,111 $ 1,612 $ 2,218
[1] Includes costs and expenses associated with our pipeline and facilities assets.