SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of the company's reportable segment information

Segment information for the three and nine months ended September 30, 2022 and 2021 is as follows (in thousands):

THREE MONTHS ENDED SEPTEMBER 30, 2022
	Black Oil & Recovery		Refining & Marketing		Corporate and Eliminations		Consolidated
Revenues:
Refined products	$	37,607	$	694,677	$	—	$	732,284
Re-refined products	5,550		69,948		—		75,498
Services	282		2,144		—		2,426
Total revenues	43,439		766,769		—		810,208
Cost of revenues (exclusive of depreciation and amortization shown separately below)	35,299		715,164		—		750,463
Depreciation and amortization attributable to costs of revenues	939		3,111		—		4,050
Gross profit	7,201		48,494		—		55,695
Selling, general and administrative expenses	4,919		27,988		4,071		36,978
Depreciation and amortization attributable to operating expenses	39		850		231		1,120
Income (loss) from operations	$	2,243	$	19,656	$	(4,302)	$	17,597
Capital expenditures	$	412	$	26,333	$	—	$	26,745

THREE MONTHS ENDED SEPTEMBER 30, 2021
	Black Oil & Recovery		Refining & Marketing		Corporate and Eliminations		Consolidated
Revenues:
Refined products	$	20,339	$	20,419	$	—	$	40,758
Re-refined products	5,237		4,153		—		9,390
Services	834		—		—		834
Total revenues	26,410		24,572		—		50,982
Cost of revenues (exclusive of depreciation and amortization shown separately below)	22,205		23,937		—		46,142
Depreciation and amortization attributable to costs of revenues	901		127		—		1,028
Gross profit	3,304		508		—		3,812
Selling, general and administrative expenses	3,618		1,034		3,525		8,177
Depreciation and amortization attributable to operating expenses	59		108		253		420
Loss from operations	$	(373)	$	(634)	$	(3,778)	$	(4,785)
Capital expenditures	$	228	$	—	$	—	$	228

NINE MONTHS ENDED SEPTEMBER 30, 2022
	Black Oil & Recovery		Refining & Marketing		Corporate and Eliminations		Consolidated
Revenues:
Refined products	$	129,078	$	1,595,070	$	—	$	1,724,148
Re-refined products	17,191		168,356		—		185,547
Services	1,276		4,452		—		5,728
Total revenues	147,545		1,767,878		—		1,915,423
Cost of revenues (exclusive of depreciation and amortization shown separately below)	111,740		1,708,017		—		1,819,757
Depreciation and amortization attributable to costs of revenues	2,805		6,339		—		9,144
Gross profit	33,000		53,522		—		86,522
Selling, general and administrative expenses	13,383		52,709		23,842		89,934
Depreciation and amortization attributable to operating expenses	142		1,785		729		2,656
Income (loss) from operations	$	19,475	$	(972)	$	(24,571)	$	(6,068)
Capital expenditures	$	2,830	$	142,927	$	—	$	145,757

NINE MONTHS ENDED SEPTEMBER 30, 2021
	Black Oil & Recovery		Refining & Marketing		Corporate and Eliminations		Consolidated
Revenues:
Refined products	$	58,039	$	55,974	$	—	$	114,013
Re-refined products	19,218		11,709		—		30,927
Services	2,867		—		—		2,867
Total revenues	80,124		67,683		—		147,807
Cost of revenues (exclusive of depreciation and amortization shown separately below)	63,431		64,555		—		127,986
Depreciation and amortization attributable to costs of revenues	2,623		379		—		3,002
Gross profit	14,070		2,749		—		16,819
Selling, general and administrative expenses	10,841		2,482		8,419		21,742
Depreciation and amortization attributable to operating expenses	176		325		759		1,260
Income (loss) from operations	$	3,053	$	(58)	$	(9,178)	$	(6,183)
Capital expenditures	$	2,313	$	—	$	—	$	2,313

Total assets by segment were as follows (in thousands):

AS OF SEPTEMBER 30, 2022
	Black Oil & Recovery		Refining & Marketing		Corporate and Eliminations		Consolidated
Total assets	$	123,808	$	395,692	$	128,077	$	647,577
AS OF SEPTEMBER 30, 2021
	Black Oil & Recovery		Refining & Marketing		Corporate and Eliminations		Consolidated
Total assets	$	101,461	$	4,775	$	38,414	$	144,650