Investment in Unconsolidated Subsidiary (Tables)

12 Months Ended

Dec. 28, 2024

Investment in Affiliate [Abstract]

Equity Method Investments

Selected financial information for the Company’s DGD Joint Venture is as follows:

(in thousands)	December 31, 2024		December 31, 2023
Assets:
Cash	$	353,446	$	236,794
Total current assets	1,137,821		1,640,636
Property, plant and equipment, net	3,868,943		3,838,800
Other assets	100,307		89,697
Total assets	$	5,460,517	$	5,805,927
Liabilities and members' equity:
Revolver	$	—	$	250,000
Total current portion of long term debt	29,809		28,639
Total other current liabilities	319,688		417,918
Total long term debt	707,158		737,097
Total other long term liabilities	17,195		16,996
Total members' equity	4,386,667		4,355,277
Total liabilities and member's equity	$	5,460,517	$	5,805,927

	Year Ended December 31,
(in thousands)	2024		2023		2022
Revenues:
Operating revenues	$	5,065,592	$	6,990,622	$	5,501,166
Expenses:
Total costs and expenses less lower of cost or market inventory valuation adjustment and depreciation, amortization and accretion expense	4,309,768		5,925,778		4,614,192
Lower of cost or market (LCM) inventory valuation adjustment	175,934		60,871		—
Depreciation, amortization and accretion expense	264,992		230,921		125,656
Operating income	314,898		773,052		761,318
Other income	22,114		10,317		3,170
Interest and debt expense, net	(38,673)		(49,857)		(19,796)
Income before income tax expense	$	298,339	$	733,512	$	744,692
Income tax expense	175		752		—
Net income	$	298,164	$	732,760	$	744,692