Note 4 - Revenue and Segment Information (Tables)

9 Months Ended

Sep. 30, 2025

Notes Tables

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

	September 30,		December 31,
	2025		2024
	(in thousands)
Accounts receivable (including related-party), beginning January 1st, of period	$	5,960	$	4,300
Accounts receivable (including related-party), end of period		9,214		5,960
Unearned revenue, beginning January 1st, of period	$	2,727	$	3,243
Unearned revenue, end of period		634		2,727

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

	Three Months Ended
	September 30,
	2025														2024
	Refinery Operations			Tolling & Terminaling		Corporate & Other			Intercompany Elimination (1)			Consolidated			Refinery Operations			Tolling & Terminaling		Corporate & Other			Intercompany Elimination			Consolidated
	(in thousands)
Segment revenue	$	69,590		$	1,537				$	(772	)	$	70,355		$	81,280		$	1,759	$	-		$	(930	)	$	82,109
Crude oil, fuel use, and chemicals		62,279											62,279			80,069			-		-			-			80,069
Other conversion costs		7,998								(772	)		7,226			5,243			-		-			(930	)		4,313
Tolling and terminaling costs					174								174			-			400		-			-			400
Depreciation and amortization		302			342								644			302			342		-			-			644
Total costs of goods sold		70,579			516		-			(772	)		70,323			85,614			742		-			(930	)		85,426
LEH operating fee, related party		279											279			202			-		-			-			202
General and administrative expenses		529			70		1,034						1,633			305			69		667			-			1,041
Other operating expenses(2)							117						117			-			-		177			-			177
Depreciation and amortization							74						74			-			-		61			-			61
Impairment of fixed assets							3,026						3,026
Interest, net		249			437		163						849			900			512		136			-			1,548
Total costs and expenses		71,636			1,023		4,414			(772	)		76,301			87,021			1,323		1,041			(930	)		88,455
Income (loss) before income taxes		(2,046	)		514		(4,414	)		-			(5,946	)		(5,741	)		436		(1,041	)		-			(6,346	)
Income tax benefit		-			-		1,270			-			1,270			-			-		1,346			-			1,346
Net income (loss)	$	(2,046	)	$	514	$	(3,144	)	$	-		$	(4,676	)	$	(5,741	)	$	436	$	305		$	-		$	(5,000	)

	Nine Months Ended
	September 30,
	2025														2024
	Refinery Operations			Tolling & Terminaling		Corporate & Other			Intercompany Elimination (1)			Consolidated			Refinery Operations			Tolling & Terminaling		Corporate & Other			Intercompany Elimination (1)			Consolidated
	(in thousands)
Segment revenue	$	208,253		$	4,289	$	-		$	(1,912	)	$	210,630		$	239,743		$	5,053	$	-		$	(2,006	)	$	242,790
Crude oil, fuel use, and chemicals		187,524			-		-			-			187,524			221,558			-		-			-			221,558
Other conversion costs		16,000			-		-			(1,912	)		14,088			16,917			-		-			(2,006	)		14,911
Tolling and terminaling costs					436		-			-			436			-			1,220		-			-			1,220
Depreciation and amortization		901			1,026		-			-			1,927			904			1,026		-			-			1,930
Total costs of goods sold		204,425			1,462		-			(1,912	)		203,975			239,379			2,246		-			(2,006	)		239,619
LEH operating fee, related party		737								-			737			628			-		-			-			628
General and administrative expenses		1,448			230		2,014			-			3,692			933			161		2,401			-			3,495
Other operating expenses(2)							361			-			361			-			-		457			-			457
Depreciation and amortization							222			-			222			-			-		184			-			184
Impairment of fixed assets							3,026						3,026
Interest, net		2,013			1,358		494			-			3,865			2,440			1,506		408			-			4,354
Total costs and expenses		208,623			3,050		6,117			(1,912	)		215,878			243,380			3,913		3,450			(2,006	)		248,737
Income (loss) before income taxes		(370	)		1,239		(6,117	)		-			(5,248	)		(3,637	)		1,140		(3,450	)		-			(5,947	)
Income tax benefit		-			-		1,094			-			1,094			-			-		1,221			-			1,221
Net income (loss)	$	(370	)	$	1,239	$	(5,023	)	$	-		$	(4,154	)	$	(3,637	)	$	1,140	$	(2,229	)	$	-		$	(4,726	)

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

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2025		2024		2025		2024
	(in thousands)				(in thousands)
Capital expenditures
Refinery operations (1)	$	168	$	-	$	336	$	-
Total capital expenditures	$	168	$	-	$	336	$	-

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

	September 30,		December 31,
	2025		2024
	(in thousands)
Identifiable assets
Refinery operations	$	82,506	$	78,996
Tolling and terminaling		16,299		16,904
Corporate and other		6,311		5,996
Total identifiable assets	$	105,116	$	101,896