SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of the company's reportable segment information

Segment information for the three months ended March 31, 2023 and 2022 is as follows (in thousands):

THREE MONTHS ENDED MARCH 31, 2023
	Refining & Marketing		Black Oil & Recovery		Corporate and Eliminations		Total
Revenues:
Refined products	$	472,552	$	29,423	$	(878)	$	501,097
Re-refined products	184,843		3,694		(2,012)		186,525
Services	1,933		1,587		—		3,520
Total revenues	659,328		34,704		(2,890)		691,142
Cost of revenues (exclusive of depreciation and amortization shown separately below)	589,812		30,418		(878)		619,352
Depreciation and amortization attributable to costs of revenues	3,294		1,043		—		4,337
Gross profit	66,222		3,243		(2,012)		67,453
Selling, general and administrative expenses	26,486		4,799		10,657		41,942
Depreciation and amortization attributable to operating expenses	808		38		170		1,016
Income (loss) from operations	$	38,928	$	(1,594)	$	(12,839)	$	24,495
Capital expenditures	$	69,908	$	4,028	$	—	$	73,936

THREE MONTHS ENDED MARCH 31, 2022
	Refining & Marketing		Black Oil & Recovery		Corporate and Eliminations		Total
Revenues:
Refined products	$	29,457	$	34,952	$	—	$	64,409
Re-refined products	5,262		4,315		—		9,577
Services	—		551		—		551
Total revenues	34,719		39,818		—		74,537
Cost of revenues (exclusive of depreciation and amortization shown separately below)	33,086		27,904		—		60,990
Depreciation and amortization attributable to costs of revenues	123		904		—		1,027
Gross profit	1,510		11,010		—		12,520
Selling, general and administrative expenses	1,125		4,123		6,901		12,149
Depreciation and amortization attributable to operating expenses	105		58		246		409
Income (loss) from operations	$	280	$	6,829	$	(7,147)	$	(38)
Capital expenditures	$	—	$	388	$	—	$	388

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

AS OF MARCH 31, 2023
	Refining & Marketing		Black Oil & Recovery		Corporate and Eliminations		Consolidated
Total assets	$	597,957	$	105,844	$	102,136	$	805,937
AS OF MARCH 31, 2022
	Refining & Marketing		Black Oil & Recovery		Corporate and Eliminations		Consolidated
Total assets	$	4,737	$	105,489	$	170,272	$	280,498