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Segment Information (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Summarized Financial Information
Summarized financial information concerning reportable segments consists of the following (in thousands):
Three Months Ended September 30, 2025RefiningLogisticsRetailCorporate, Eliminations and Other (1)Total
Revenues
Fuel revenue
$1,909,582 $— $122,328 $(88,185)$1,943,725 
Other revenue
35,788 80,310 29,002 (75,889)69,211 
Total revenues
1,945,370 80,310 151,330 (164,074)2,012,936 
Cost of revenues (excluding depreciation)
Refining intercompany logistics costs75,891 — — (75,891)— 
Other cost of revenues (excluding depreciation)1,393,203 40,840 107,838 (88,184)1,453,697 
Total cost of revenues (excluding depreciation)
1,469,094 40,840 107,838 (164,075)1,453,697 
Operating expense (excluding depreciation)
112,781 5,684 21,564 — 140,029 
Depreciation and amortization26,596 6,093 2,801 794 36,284 
General and administrative expense (excluding depreciation)— — — 24,242 24,242 
Equity earnings from refining and logistics investments(3,860)(2,493)— — (6,353)
Acquisition and integration costs— — — 1,973 1,973 
Par West redevelopment and other costs— — — 4,525 4,525 
Loss (gain) on sale of assets, net(10)(1)34 — 23 
Operating income (loss)$340,769 $30,187 $19,093 $(31,533)$358,516 
Interest expense and financing costs, net(21,272)
Other loss, net(109)
Equity earnings from Laramie Energy, LLC8,202 
Income before income taxes345,337 
Income tax expense(82,706)
Net income$262,631 
Capital expenditures$22,250 $5,452 $4,263 $314 $32,279 
Three Months Ended September 30, 2024RefiningLogisticsRetailCorporate, Eliminations and Other (1)Total
Revenues
Fuel revenue$2,020,076 $— $120,830 $(89,149)$2,051,757 
Other revenue60,470 77,741 29,383 (75,418)92,176 
Total revenues2,080,546 77,741 150,213 (164,567)2,143,933 
Cost of revenues (excluding depreciation)
Refining intercompany logistics costs75,418 — — (75,418)— 
Other cost of revenues (excluding depreciation)1,842,544 44,228 107,598 (89,170)1,905,200 
Total cost of revenues (excluding depreciation)1,917,962 44,228 107,598 (164,588)1,905,200 
Operating expense (excluding depreciation)122,054 3,334 21,661 — 147,049 
Depreciation and amortization22,623 5,925 2,680 651 31,879 
General and administrative expense (excluding depreciation)— — — 22,399 22,399 
Equity earnings from refining and logistics investments(1,098)(1,910)— (3,008)
Acquisition and integration costs— — — (23)(23)
Par West redevelopment and other costs— — — 4,006 4,006 
Loss on sale of assets, net— — — — — 
Operating income (loss)$19,005 $26,164 $18,274 $(27,012)$36,431 
Interest expense and financing costs, net(23,402)
Debt extinguishment and commitment costs— 
Other income, net1,253 
Equity losses from Laramie Energy, LLC(336)
Loss before income taxes13,946 
Income tax expense(6,460)
Net income$7,486 
Capital expenditures$22,051 $3,583 $1,520 1,178 $28,332 
________________________________________________________
(1)Includes eliminations of intersegment revenues and cost of revenues of $164.1 million and $164.6 million for the three months ended September 30, 2025 and 2024, respectively.
Nine Months Ended September 30, 2025RefiningLogisticsRetailCorporate, Eliminations and Other (1)Total
Revenues
Fuel revenue$5,314,770 $— $352,636 $(252,517)$5,414,889 
Other revenue143,238 224,730 81,811 (213,258)236,521 
Total revenues
5,458,008 224,730 434,447 (465,775)5,651,410 
Cost of revenues (excluding depreciation)
Refining intercompany logistics costs213,284 — — (213,284)— 
Other cost of revenues (excluding depreciation)4,428,907 122,573 307,573 (252,517)4,606,536 
Total cost of revenues (excluding depreciation)4,642,191 122,573 307,573 (465,801)4,606,536 
Operating expense (excluding depreciation)
354,998 14,846 63,019 — 432,863 
Depreciation and amortization77,912 19,442 7,973 2,255 107,582 
General and administrative expense (excluding depreciation)— — — 72,133 72,133 
Equity earnings from refining and logistics investments(14,642)(6,530)— (21,172)
Acquisition and integration costs— — — 1,973 1,973 
Par West redevelopment and other costs— — — 13,197 13,197 
Loss (gain) on sale of assets, net181 (1,418)35 — (1,202)
Operating income (loss)$397,368 $75,817 $55,847 $(89,532)$439,500 
Interest expense and financing costs, net(65,226)
Debt extinguishment and commitment costs(25)
Other expense, net(643)
Equity earnings from Laramie Energy, LLC10,784 
Income before income taxes384,390 
Income tax expense(92,699)
Net income$291,691 
Capital expenditures$95,445 $16,254 $8,190 $1,449 $121,338 
Nine Months Ended September 30, 2024RefiningLogisticsRetailCorporate, Eliminations and Other (1)Total
Revenues
Fuel revenue$5,833,115 $— $359,941 $(273,807)$5,919,249 
Other revenue131,320 222,058 83,248 (213,639)222,987 
Total revenues5,964,435 222,058 443,189 $(487,446)6,142,236 
Cost of revenues (excluding depreciation)
Refining intercompany logistics costs213,652 — — (213,652)— 
Other cost of revenues (excluding depreciation)5,243,515 131,303 321,894 (273,837)5,422,875 
Total cost of revenues (excluding depreciation)5,457,167 131,303 321,894 (487,489)5,422,875 
Operating expense (excluding depreciation)365,031 11,847 67,511 — 444,389 
Depreciation and amortization66,584 19,893 8,471 1,731 96,679 
General and administrative expense (excluding depreciation)— — — 87,322 87,322 
Equity earnings from refining and logistics investments(7,158)(5,688)— (12,846)
Acquisition and integration costs— — — 68 68 
Par West redevelopment and other costs— — — 9,048 9,048 
Loss (gain) on sale of assets, net— 124 (10)— 114 
Operating income (loss)$82,811 $64,579 $45,323 $(98,126)$94,587 
Interest expense and financing costs, net(61,720)
Debt extinguishment and commitment costs(1,418)
Other expense, net(1,447)
Equity earnings from Laramie Energy, LLC2,867 
Income before income taxes32,869 
Income tax expense(10,496)
Net income$22,373 
Capital expenditures$68,110 $13,006 $4,348 $2,400 $87,864 
________________________________________________________ 
(1)Includes eliminations of intersegment revenues and cost of revenues of $465.8 million and $487.4 million for the nine months ended September 30, 2025 and 2024, respectively.