INVENTORY FINANCING AGREEMENTS (Tables)

6 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

Schedule of Inventory

The following table describes the Company's inventory balances by category (in thousands):

	As of June 30, 2024		As of December 31, 2023
Crude oil	$	69,245	$	60,702
Renewable feedstocks	—		27,450
Refined products	54,871		91,911
Re-refined products	2,203		2,057
Total hydrocarbon inventories	$	126,319	$	182,120

The following table summarizes our outstanding obligations under our inventory financing agreements (in thousands):

	As of June 30, 2024		As of December 31, 2023
Obligations under inventory financing agreements	$	108,728	$	141,343
Unamortized financing cost	—		(250)
Obligations under inventory financing agreements, net	$	108,728	$	141,093

Schedule of Inventory Cost

The following table summarizes the consolidated inventory intermediation fees, interest expenses and financing costs (in thousands) at the Mobile Refinery for both conventional fuel and renewable diesel operations:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Intermediation fees (include over/under)	$	(4,311)	$	4,161	$	(4,352)	$	6,225
Inventory financing fees (include over/under)	$	4,194	$	(29)	$	6,257	$	2,266
Interest expense and financing costs, net	$	2,769	$	2,583	$	5,728	$	5,103