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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Revenues $ 2,012,936 $ 2,143,933 $ 5,651,410 $ 6,142,236
Operating expenses        
Cost of revenues (excluding depreciation) 1,453,697 1,905,200 4,606,536 5,422,875
Operating expense (excluding depreciation) 140,029 147,049 432,863 444,389
Depreciation and amortization 36,284 31,879 107,582 96,679
General and administrative expense (excluding depreciation) 24,242 22,399 72,133 87,322
Equity earnings from refining and logistics investments (6,353) (3,008) (21,172) (12,846)
Acquisition and integration costs 1,973 (23) 1,973 68
Par West redevelopment and other costs 4,525 4,006 13,197 9,048
Loss (gain) on sale of assets, net 23 0 (1,202) 114
Total operating expenses 1,654,420 2,107,502 5,211,910 6,047,649
Operating income 358,516 36,431 439,500 94,587
Other income (expense)        
Interest expense and financing costs, net (21,272) (23,402) (65,226) (61,720)
Debt extinguishment and commitment costs 0 0 (25) (1,418)
Other income (loss), net (109) 1,253 (643) (1,447)
Equity earnings (losses) from Laramie Energy, LLC 8,202 (336) 10,784 2,867
Total other expense, net (13,179) (22,485) (55,110) (61,718)
Income before income taxes 345,337 13,946 384,390 32,869
Income tax expense (82,706) (6,460) (92,699) (10,496)
Net income $ 262,631 $ 7,486 $ 291,691 $ 22,373
Income per share        
Basic (in dollars per share) $ 5.29 $ 0.13 $ 5.69 $ 0.39
Diluted (in dollars per share) $ 5.16 $ 0.13 $ 5.62 $ 0.39
Weighted-average number of shares outstanding        
Basic (in shares) 49,633 55,729 51,237 57,283
Diluted (in shares) 50,897 56,224 51,883 58,070