SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Segment information for the years ended December 31, 2023, 2022 and 2021 are as follows (in thousands):

YEAR ENDED DECEMBER 31, 2023
	Refining and Marketing		Black Oil & Recovery		Corporate and Eliminations		Total
Revenues:
Refined products	$	3,007,937	$	121,122	$	(13,039)	$	3,116,020
Re-refined products	17,997		15,959		—		33,956
Services	20,057		7,154		—		27,211
Total revenues	3,045,991		144,235		(13,039)		3,177,187
Cost of revenues (exclusive of depreciation and amortization shown separately below)	2,894,617		124,731		(13,352)		3,005,996
Depreciation and amortization attributable to costs of revenues	22,118		4,900		—		27,018
Gross profit	129,256		14,604		313		144,173
Selling, general and administrative expenses	118,165		19,788		30,687		168,640
Depreciation and amortization attributable to operating expenses	3,311		164		671		4,146
Income (loss) from operations	7,780		(5,348)		(31,045)		(28,613)
Other income (expenses)
Other income (expense)	—		600		33		633
Gain on change in derivative liability	—		—		7,992		7,992
Interest expense	(18,092)		(188)		(101,287)		(119,567)
Total other income (expense)	(18,092)		412		(93,262)		(110,942)
Loss from continuing operations before income tax	$	(10,312)	$	(4,936)	$	(124,307)	$	(139,555)
Total capital expenditures	$	127,729	$	12,584	$	—	$	140,313
YEAR ENDED DECEMBER 31, 2022
	Refining and Marketing		Black Oil & Recovery		Corporate and Eliminations		Total
Revenues:
Refined products	$	2,370,240	$	163,095	$	—	$	2,533,335
Re-refined products	229,793		19,105		—		248,898
Services	6,611		2,871		—		9,482
Total revenues	2,606,644		185,071		—		2,791,715
Cost of revenues (exclusive of depreciation and amortization shown separately below)	2,453,809		144,467		—		2,598,276
Depreciation and amortization attributable to costs of revenues	9,605		3,824		—		13,429
Gross profit	143,230		36,780		—		180,010
Selling, general and administrative expenses	83,001		17,241		27,540		127,782
Depreciation and amortization attributable to operating expenses	2,593		180		900		3,673
Income (loss) from operations	57,636		19,359		(28,440)		48,555
Other income (expenses)
Other income (expense)	18		(104)		(220)		(306)
Gain on change in derivative liability	—		—		7,821		7,821
Interest expense	(10,414)		(50)		(69,447)		(79,911)
Total other income (expense)	(10,396)		(154)		(61,846)		(72,396)
Loss from continuing operations before income tax	$	47,240	$	19,205	$	(90,286)	$	(23,841)
Total capital expenditures	$	72,588	$	2,924	$	—	$	75,512

YEAR ENDED DECEMBER 31, 2021
	Refining and Marketing		Black Oil & Recovery		Corporate and Eliminations		Total
Revenues:
Refined products	$	78,191	$	85,253	$	—	$	163,444
Re-refined products	15,039		25,611		—		40,650
Services	—		3,666		—		3,666
Total revenues	93,230		114,530		—		207,760
Cost of revenues (exclusive of depreciation and amortization shown separately below)	89,570		89,216		—		178,786
Depreciation and amortization attributable to costs of revenues	509		3,534		—		4,043
Gross profit	3,151		21,780		—		24,931
Selling, general and administrative expenses	3,277		14,444		12,885		30,606
Loss on Assets Impairment	—		2,124		—		2,124
Depreciation and amortization attributable to operating expenses	434		234		1,013		1,681
Income (loss) from operations	(560)		4,978		(13,898)		(9,480)
Other income (expenses)
Other income (expense)	—		—		4,158		4,158
Loss on change in derivative liability	—		—		(15,685)		(15,685)
Interest expense	—		—		(3,832)		(3,832)
Total other income	—		—		(15,359)		(15,359)
Loss from continuing operations before income tax	$	(560)	$	4,978	$	(29,257)	$	(24,839)
Total capital expenditures	$	—	$	2,331	$	—	$	2,331

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

AS OF DECEMBER 31, 2023
	Refining & Marketing		Black Oil & Recovery		Corporate and Eliminations		Consolidated
Total assets	$	661,101	$	106,524	$	86,999	$	854,624
AS OF DECEMBER 31, 2022
	Refining & Marketing		Black Oil & Recovery		Corporate and Eliminations		Consolidated
Total assets	$	410,975	$	105,109	$	173,301	$	689,385