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Refining and Logistics Equity Investments (Tables)
9 Months Ended
Sep. 30, 2025
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,Nine Months Ended September 30,
2025202420252024
Beginning balance$67,950 $60,618 $57,167 $59,824 
Equity earnings from YELP4,208 1,446 15,687 8,201 
Amortization of basis difference
(349)(348)(1,045)(1,044)
Dividends received(4,975)(1,055)(4,975)(6,320)
Ending balance$66,834 $60,661 $66,834 $60,661 
The change in our equity investment in YPLC is as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Beginning balance$27,340 $27,600 $29,144 $27,662 
Equity earnings from YPLC2,456 1,872 6,416 5,574 
Accretion of basis difference38 38 114 114 
Dividends received— — (5,840)(3,840)
Ending balance$29,834 $29,510 $29,834 $29,510 
The change in our equity investment in Laramie Energy is as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Beginning balance$15,080 $15,997 $12,498 $14,279 
Equity earnings (losses) from Laramie Energy6,588 (1,950)5,942 (1,976)
Accretion of basis difference1,614 1,614 4,842 4,843 
Dividends received— — — (1,485)
Ending balance
$23,282 $15,661 $23,282 $15,661