Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Segment Summarized Financial Information

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


Three Months Ended March 31, 2023	Refining		Logistics		Retail		Corporate, Eliminations and Other (1)		Total
Revenues	$	1,615,412	$	52,388	$	135,572	$	(118,163)	$	1,685,209
Cost of revenues (excluding depreciation)	1,277,670		31,299		98,228		(118,177)		1,289,020


Operating expense (excluding depreciation)	58,882		3,447		20,791		—		83,120
Depreciation and amortization	15,723		5,034		3,079		524		24,360


General and administrative expense (excluding depreciation)	—		—		—		19,286		19,286
Acquisition and integration costs	—		—		—		5,271		5,271
Par West redevelopment and other costs	—		—		—		2,750		2,750
Operating income (loss)	$	263,137	$	12,608	$	13,474	$	(27,817)	$	261,402
Interest expense and financing costs, net									(16,250)
Debt extinguishment and commitment costs									(17,720)

Other expense, net									(35)


Equity earnings from Laramie Energy, LLC									10,706
Income before income taxes									238,103
Income tax expense									(213)
Net income									$	237,890



Capital expenditures	$	7,654	$	881	$	4,150	$	528	$	13,213


Three Months Ended March 31, 2022	Refining		Logistics		Retail		Corporate, Eliminations and Other (1)		Total
Revenues	$	1,299,223	$	42,461	$	119,909	$	(111,300)	$	1,350,293
Cost of revenues (excluding depreciation)	1,343,915		23,749		93,842		(111,257)		1,350,249


Operating expense (excluding depreciation)	58,300		3,773		19,331		—		81,404
Depreciation and amortization	15,333		5,087		2,691		669		23,780


General and administrative expense (excluding depreciation)	—		—		—		15,893		15,893
Acquisition and integration costs	—		—		—		63		63
Operating income (loss)	$	(118,325)	$	9,852	$	4,045	$	(16,668)	$	(121,096)
Interest expense and financing costs, net									(16,394)


Other income, net									2



Loss before income taxes									(137,488)
Income tax benefit									437
Net loss									$	(137,051)



Capital expenditures	$	12,829	$	1,733	$	1,581	$	190	$	16,333

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(1)Includes eliminations of intersegment revenues and cost of revenues of $118.2 million and $111.3 million for the three months ended March 31, 2023 and 2022, respectively.