Refining and Logistics Equity Investments (Tables)

9 Months Ended

Sep. 30, 2023

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Change in Equity Investment

The change in our equity investment in YELP is as follows (in thousands):

	Three Months Ended September 30,		For the period from June 1 through September 30,
	2023		2023
Beginning balance	$	58,019	$	—
Acquisition of investment	—		58,019
Equity earnings from YELP	2,740		2,740
Depreciation of basis difference	(348)		(348)
Dividends received	(5,558)		(5,558)
Ending balance	$	54,853	$	54,853

The change in our equity investment in YPLC is as follows (in thousands):

	Three Months Ended September 30,		For the period from June 1 through September 30,
	2023		2023
Beginning balance	$	26,406	$	—
Acquisition of investment	—		28,581
Equity earnings from YPLC	1,490		1,915
Accretion of basis difference	51		51
Dividends received	—		(2,600)
Ending balance	$	27,947	$	27,947