Investment in Unconsolidated Subsidiary (Tables)

9 Months Ended

Sep. 27, 2025

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

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

(in thousands)	September 30, 2025		December 31, 2024
Assets:
Cash	$	136,225	$	353,446
Total other current assets	1,119,640		1,137,821
Property, plant and equipment, net	3,750,079		3,868,943
Other assets	538,591		100,307
Total assets	$	5,544,535	$	5,460,517
Liabilities and members' equity:
Revolver	$	100,000	$	—
Total other current portion of long-term debt	30,012		29,809
Total other current liabilities	213,749		319,688
Total long-term debt	684,726		707,158
Total other long-term liabilities	18,174		17,195
Total members' equity	4,497,874		4,386,667
Total liabilities and members' equity	$	5,544,535	$	5,460,517

	Three Months Ended				Nine Months Ended
(in thousands)	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
Revenues:
Operating revenues	$	1,203,732	$	1,224,679	$	3,201,472	$	3,819,870
Expenses:
Total costs and expenses less lower of cost or market inventory valuation adjustment and depreciation, amortization and accretion expense	1,160,562		1,126,200		3,257,113		3,300,483
Lower of cost or market (LCM) inventory valuation adjustment	37,811		20,310		(164,438)		57,814
Depreciation, amortization and accretion expense	75,398		68,303		204,399		195,503
Total costs and expenses	1,273,771		1,214,813		3,297,074		3,553,800
Operating income/(loss)	(70,039)		9,866		(95,602)		266,070
Other income	1,621		5,058		7,504		14,336
Interest and debt expense, net	(11,922)		(10,093)		(34,072)		(30,372)
Income/(loss) before income tax expense	(80,340)		4,831		$	(122,170)	$	250,034
Income tax expense/(benefit)	221		(29)		1,365		(58)
Net income/(loss)	$	(80,561)	$	4,860	$	(123,535)	$	250,092