SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of the Company's Reportable Segment Information

Segment information for the three and six months ended June 30, 2023 and 2022 is as follows (in thousands):

Three Months Ended June 30, 2023
	Refining & Marketing		Black Oil & Recovery		Corporate and Eliminations		Total
Revenues:
Refined products	$	492,109	$	21,797	$	149	$	514,055
Re-refined products	215,508		3,536		(2,560)		216,484
Services	3,802		552		—		4,354
Total revenues	711,419		25,885		(2,411)		734,893
Cost of revenues (exclusive of depreciation and amortization shown separately below)	710,958		23,263		(4,572)		729,649
Depreciation and amortization attributable to costs of revenues	5,568		1,062		—		6,630
Gross profit (loss)	(5,107)		1,560		2,161		(1,386)
Selling, general and administrative expenses	32,969		4,504		5,163		42,636
Depreciation and amortization attributable to operating expenses	822		38		168		1,028
Loss from operations	$	(38,898)	$	(2,982)	$	(3,170)	$	(45,050)
Capital expenditures	$	27,762	$	2,827	$	—	$	30,589

Three Months Ended June 30, 2022
	Refining & Marketing		Black Oil & Recovery		Corporate and Eliminations		Total
Revenues:
Refined products	$	719,607	$	56,520	$	—	$	776,127
Re-refined products	244,476		5,956		—		250,432
Services	2,307		503		—		2,810
Total revenues	966,390		62,979		—		1,029,369
Cost of revenues (exclusive of depreciation and amortization shown separately below)	959,684		47,459		—		1,007,143
Depreciation and amortization attributable to costs of revenues	3,105		958		—		4,063
Gross profit	3,601		14,562		—		18,163
Selling, general and administrative expenses	23,679		4,199		12,870		40,748
Depreciation and amortization attributable to operating expenses	829		46		252		1,127
Income (loss) from operations	$	(20,907)	$	10,317	$	(13,122)	$	(23,712)
Capital expenditures	$	1,568	$	194	$	—	$	1,762

Six Months Ended June 30, 2023
	Refining & Marketing		Black Oil & Recovery		Corporate and Eliminations		Total
Revenues:
Refined products	$	964,661	$	51,220	$	(570)	$	1,015,311
Re-refined products	400,352		7,947		(4,573)		403,726
Services	5,734		1,264		—		6,998
Total revenues	1,370,747		60,431		(5,143)		1,426,035
Cost of revenues (exclusive of depreciation and amortization shown separately below)	1,300,770		53,681		(5,450)		1,349,001
Depreciation and amortization attributable to costs of revenues	8,862		2,105		—		10,967
Gross profit	61,115		4,645		307		66,067
Selling, general and administrative expenses	59,455		9,303		15,820		84,578
Depreciation and amortization attributable to operating expenses	1,630		76		338		2,044
Income (loss) from operations	$	30	$	(4,734)	$	(15,851)	$	(20,555)
Capital expenditures	$	97,670	$	7,674	$	—	$	105,344

Six Months Ended June 30, 2022
	Refining & Marketing		Black Oil & Recovery		Corporate and Eliminations		Total
Revenues:
Refined products	$	749,063	$	91,471	$	—	$	840,534
Re-refined products	249,739		10,272		—		260,011
Services	2,307		1,054		—		3,361
Total revenues	1,001,109		102,797		—		1,103,906
Cost of revenues (exclusive of depreciation and amortization shown separately below)	992,770		75,363		—		1,068,133
Depreciation and amortization attributable to costs of revenues	3,228		1,862		—		5,090
Gross profit	5,111		25,572		—		30,683
Selling, general and administrative expenses	24,804		8,322		19,771		52,897
Depreciation and amortization attributable to operating expenses	934		104		498		1,536
Income (loss) from operations	$	(20,627)	$	17,146	$	(20,269)	$	(23,750)
Capital expenditures	$	1,956	$	194	$	—	$	2,150

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

As of June 30, 2023
	Refining & Marketing		Black Oil & Recovery		Corporate and Eliminations		Consolidated
Total assets	$	683,661	$	99,228	$	72,311	$	855,200
As of December 31, 2022
	Refining & Marketing		Black Oil & Recovery		Corporate and Eliminations		Consolidated
Total assets	$	410,975	$	105,109	$	173,301	$	689,385