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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Revenues $ 8,231,955 $ 7,321,785 $ 4,710,089
Operating expenses      
Cost of revenues (excluding depreciation) 6,838,109 6,376,014 4,338,474
Operating expense (excluding depreciation) 485,587 333,206 290,078
Depreciation and amortization 119,830 99,769 94,241
Impairment expense 0 0 1,838
General and administrative expense (excluding depreciation) 91,447 62,396 48,096
Equity earnings from refining and logistics investments (11,844) 0 0
Acquisition and integration costs 17,482 3,663 87
Par West redevelopment and other costs 11,397 9,003 9,591
Gain on sale of assets, net (59) (169) (64,697)
Total operating expenses 7,551,949 6,883,882 4,717,708
Operating income (loss) 680,006 437,903 (7,619)
Other income (expense)      
Interest expense and financing costs, net (72,450) (68,288) (66,493)
Debt extinguishment and commitment costs (19,182) (5,329) (8,144)
Gain on curtailment of pension obligation 0 0 2,032
Other income (expense), net (53) 613 (52)
Equity earnings from Laramie Energy, LLC 24,985 0 0
Total other expense, net (66,700) (73,004) (72,657)
Income (loss) before income taxes 613,306 364,899 (80,276)
Income tax benefit (expense) 115,336 (710) (1,021)
Net income (loss) $ 728,642 $ 364,189 $ (81,297)
Income (loss) per share      
Basic (in dollars per share) $ 12.14 $ 6.12 $ (1.40)
Diluted (in dollars per share) $ 11.94 $ 6.08 $ (1.40)
Weighted-average number of shares outstanding      
Basic (in shares) 60,035 59,544 58,268
Diluted (in shares) 61,014 59,883 58,268