Segment Information (Tables)

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Summarized financial information concerning reportable segments consists of the following (in thousands):

Three months ended March 31, 2017	Refining		Logistics		Retail		Corporate, Eliminations and Other (1)			Total
Revenues	$	574,079	$	29,995	$	77,682	$	(76,503	)	$	605,253
Cost of revenues (excluding depreciation)	503,044		15,298		59,799		(76,852		)	501,289
Operating expense (excluding depreciation)	36,216		3,797		10,315		20			50,348
Depreciation, depletion and amortization	7,403		1,487		1,448		922			11,260
General and administrative expense	—		—		—		12,914			12,914
Acquisition and integration expense	—		—		—		253			253
Operating income (loss)	$	27,416	$	9,413	$	6,120	$	(13,760	)	$	29,189
Interest expense and financing costs, net										(8,942		)
Other income, net										130
Change in value of common stock warrants										(689		)
Equity earnings from Laramie Energy, LLC										8,746
Income before income taxes										28,434
Income tax expense										(648		)
Net income										$	27,786
Capital expenditures	$	1,009	$	1,197	$	3,497	$	1,876		$	7,579

Three months ended March 31, 2016	Refining			Logistics		Retail		Corporate, Eliminations and Other (1)			Total
Revenues	$	336,405		$	20,787	$	68,501	$	(47,881	)	$	377,812
Cost of revenues (excluding depreciation)	326,706			12,826		49,950		(47,094		)	342,388
Operating expense (excluding depreciation)	26,050			1,901		10,112		114			38,177
Depreciation, depletion and amortization	1,938			918		1,537		702			5,095
General and administrative expense	—			—		—		11,200			11,200
Acquisition and integration expense	—			—		—		671			671
Operating income (loss)	$	(18,289	)	$	5,142	$	6,902	$	(13,474	)	$	(19,719	)
Interest expense and financing costs, net											(4,613		)
Other income, net											46
Change in value of common stock warrants											1,644
Change in value of contingent consideration											6,176
Equity losses from Laramie Energy, LLC											(1,871		)
Loss before income taxes											(18,337		)
Income tax expense											(336		)
Net loss											$	(18,673	)
Capital expenditures	$	2,631		$	279	$	844	$	722		$	4,476

________________________________________________________ 

(1) Includes eliminations of intersegment revenues and cost of revenues of $77.2 million and $58.4 million for the three months ended March 31, 2017 and 2016, respectively.