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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Refining and distribution revenues $ 475,987 $ 711,696 $ 949,559 $ 1,381,739
Retail revenues 80,938 59,419 127,657 111,250
Commodity marketing and logistics revenues 25,125 29,183 47,969 48,978
Natural gas and oil revenues 1,709 1,839 2,185 3,416
Total operating revenues 583,759 802,137 1,127,370 1,545,383
Operating expenses        
Cost of revenues 505,031 779,301 982,537 1,492,350
Operating expense, excluding depreciation, depletion and amortization expense 32,471 34,074 64,751 67,168
Lease operating expense 1,508 1,700 3,039 2,759
Depreciation, depletion and amortization 5,005 3,290 8,256 6,351
General and administrative expense 11,814 5,733 21,939 10,667
Acquisition and integration expense 470 2,419 1,531 5,270
Total operating expenses 556,299 826,517 1,082,053 1,584,565
Operating income (loss) 27,460 (24,380) 45,317 (39,182)
Other income (expense)        
Interest expense and financing costs, net (5,825) (3,397)   (6,904)
Loss on termination of financing agreements (19,229) 0 (19,229) 0
Other income (expense), net (158) (95) (154) (140)
Change in value of common stock warrants 3,313 140 (1,709) 1,717
Change in value of contingent consideration (9,495) 2,297 (14,424) 4,762
Equity earnings (losses) from Piceance Energy, LLC (2,950) 760 (4,776) 539
Total other income (expense), net (34,344) (295) (51,674) (26)
Loss before income taxes (6,884) (24,675) (6,357) (39,208)
Income tax benefit (expense) 18,607 (2) 18,542 (37)
Net income (loss) $ 11,723 $ (24,677) $ 12,185 $ (39,245)
Earnings (loss) per share        
Income (loss) per common share, basic (USD per share) $ 0.31 $ (0.81) $ 0.32 $ (1.29)
Income (loss) per common share, diluted (USD per share) $ 0.31 $ (0.81) $ 0.32 $ (1.29)
Weighted average number of shares outstanding:        
Basic (in shares) 37,339 30,406 37,261 30,388
Diluted (in shares) 37,363 30,406 37,319 30,388