XML 60 R39.htm IDEA: XBRL DOCUMENT v3.24.0.1
MOBILE REFINERY ACQUISITION (Tables)
12 Months Ended
Dec. 31, 2023
Business Combinations [Abstract]  
Schedule of business acquisitions, by acquisition
The following table summarizes the determination and recognition of assets acquired (in thousands):
Financing AgreementVertex AcquisitionTotal
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 
Schedule of Pro Forma Information
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 the Year Ended December 31,
202320222021
Revenue$2,642,702 $3,216,285 $1,975,500 
Net income (loss)$68,574 $77,336 $(25,800)