MOBILE REFINERY ACQUISITION (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of business acquisitions, by acquisition

The purchase price allocation is preliminary and subject to change based upon the finalization of our valuation report. The following table summarizes the preliminary determination and recognition of assets acquired (in thousands):


	Financing agreement		Vertex acquisition		Total
Inventory	$	124,311	$	5,909	$	130,220
Prepaid assets	—		147		147
Fixed assets	—		97,158		97,158
Total purchase price	$	124,311	$	103,214	$	227,525

Summarized results of operations

The following table presents summarized results of operations of the Mobile Refinery for the period from April 1, 2022 to September 30, 2022, which are included in the accompanying consolidated statement of operations for the period ended September 30, 2022 (in thousands):


	For Three Months Ended September 30, 2022		For Six Months Ended September 30, 2022
Revenue	$	733,521	$	1,655,717
Net Income (loss)	$	18,370	$	(5,592)

Schedule of unaudited pro forma

The following table presents unaudited pro forma results of operations reflecting the acquisition of the Mobile Refinery as if the acquisition had occurred as of January 1, 2021. This information has been compiled from current and historical financial statements and is not necessarily indicative of the results that actually would have been achieved had the transaction occurred at the beginning of the periods presented or that may be achieved in the future (in thousands):


	For Nine Months Ended September 30,
	2022		2021
Revenue	$	2,406,617	$	1,473,700
Net income (loss)	$	49,509	$	(37,500)