Inventory Financing Agreements (Tables)

9 Months Ended

Sep. 30, 2022

Other Commitments [Abstract]

Schedule Obligations Under Inventory Financing Agreements

The following table summarizes our outstanding obligations under our inventory financing agreements (in thousands):

	September 30, 2022		December 31, 2021
Supply and Offtake Agreement	$	652,733	$	569,158
Washington Refinery Intermediation Agreement	211,318		168,546
Obligations under inventory financing agreements	$	864,051	$	737,704

Schedule of Inventory Intermediation Fees

The following table summarizes the inventory intermediation fees, which are included in Cost of revenues (excluding depreciation) on our condensed consolidated statements of operations, and Interest expense and financing costs, net related to the intermediation agreements (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net fees and expenses:
Supply and Offtake Agreement
Inventory intermediation fees (1)	$	40,112	$	4,988	$	79,557	$	14,038
Interest expense and financing costs, net	1,453		754		4,555		2,078
Washington Refinery Intermediation Agreement
Inventory intermediation fees	$	750	$	750	$	2,250	$	2,486
Interest expense and financing costs, net	2,636		1,276		7,533		3,387

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(1)Inventory intermediation fees under the Supply and Offtake Agreement include market structure fees of $30.2 million and $0.8 million for the three months ended September 30, 2022 and 2021, and $54.1 million and $1.9 million for the nine months ended September 30, 2022 and 2021, respectively.