XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 159,055 $ 191,921
Restricted cash 350 346
Total cash, cash equivalents, and restricted cash 159,405 192,267
Trade accounts receivable, net of allowances of $0.4 million and $0.4 million at September 30, 2025, and December 31, 2024, respectively 349,115 398,131
Inventories 1,351,387 1,089,318
Prepaid and other current assets 122,230 92,527
Total current assets 1,982,137 1,772,243
Property, plant, and equipment    
Property, plant, and equipment 1,830,999 1,730,966
Less accumulated depreciation and amortization (646,166) (574,657)
Property, plant, and equipment, net 1,184,833 1,156,309
Long-term assets    
Operating lease right-of-use (“ROU”) assets 415,425 428,120
Intangible assets, net 8,787 9,520
Goodwill 129,275 129,275
Other long-term assets 236,175 235,095
Total assets 4,076,582 3,829,371
Current liabilities    
Current maturities of long-term debt 5,032 4,885
Obligations under inventory financing agreements 240,720 194,198
Accounts payable 447,624 436,795
Accrued taxes 43,223 36,027
Operating lease liabilities 96,527 80,174
Other accrued liabilities 475,440 344,188
Total current liabilities 1,308,566 1,096,267
Long-term liabilities    
Long-term debt, net of current maturities 962,061 1,108,082
Finance lease liabilities 11,304 11,690
Operating lease liabilities 338,415 362,092
Other liabilities 60,174 59,938
Total liabilities 2,680,520 2,638,069
Commitments and contingencies (Note 14)
Stockholders’ equity    
Preferred stock, $0.01 par value: 3,000,000 shares authorized, none issued 0 0
Common stock, $0.01 par value; 500,000,000 shares authorized at September 30, 2025, and December 31, 2024, 50,253,205 shares and 55,265,421 shares issued at September 30, 2025, and December 31, 2024, respectively 502 552
Additional paid-in capital 893,686 884,548
Accumulated earnings 491,747 295,846
Accumulated other comprehensive income 10,127 10,356
Total stockholders’ equity 1,396,062 1,191,302
Total liabilities and stockholders’ equity 4,076,582 3,829,371
Refining and logistics equity investments    
Long-term assets    
Refining and logistics equity investments and Investment in Laramie Energy, LLC 96,668 86,311
Investment in Laramie Energy, LLC    
Long-term assets    
Refining and logistics equity investments and Investment in Laramie Energy, LLC $ 23,282 $ 12,498