Quarterly report [Sections 13 or 15(d)]

BUSINESS SEGMENT INFORMATION (Tables)

v3.25.2
BUSINESS SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Summary of Operational Results by Business Segments
The tables below present our business segment information recast for the prior-year period and a reconciliation to the condensed consolidated financial statements:
Three Months Ended June 30, 2025
North America Regions U.S. Federal Renewable Fuels Europe All Other Corporate Total
Revenues $ 211,185  $ 59,644  $ 42,819  $ 141,884  $ 16,752  $ 472,284 
Cost of revenues 175,894  49,338  35,296  127,871  10,527  398,926 
Gross profit 35,291  10,306  7,523  14,013  6,225  73,358 
Add:
Earnings from unconsolidated entities 34  —  —  116  —  —  150 
Less:
Selling, general and administrative expenses 14,501  3,704  1,439  5,245  3,519  17,326  45,734 
(Gain) loss on derivatives (4,246) 179  (235) —  —  —  (4,302)
Interest expense, net of interest income 3,683  803  8,079  927  —  6,397  19,889 
Other expense (income) 275  177  142  974  —  (1,999) (431)
Income (loss) before income taxes $ 21,112  $ 5,443  $ (1,902) $ 6,983  $ 2,706  $ (21,724) $ 12,618 
Other Non-cash Segment Disclosures:
Depreciation and intangible asset amortization (1)
10,685  4,894  8,574  585  32  429  25,199 
Amortization of debt discount & debt issuance costs (1)
585  177  142  —  —  494  1,398 
(1) These amounts disclosed by reportable segment are included within the other segment expense captions.
Three Months Ended June 30, 2024
North America Regions U.S. Federal Renewable Fuels Europe All Other Corporate Total
Revenues $ 208,131  $ 86,737  $ 45,852  $ 73,059  $ 24,203  $ 437,982 
Cost of revenues 183,695  72,925  34,675  65,430  16,088  372,813 
Gross profit 24,436  13,812  11,177  7,629  8,115  65,169 
Add:
Earnings from unconsolidated entities 9  1  —  —  —  —  10 
Less:
Selling, general and administrative expenses 13,829  2,983  468  4,730  5,189  17,027  44,226 
(Gain) loss on derivatives (1,381) (231) 3  —  —  —  (1,609)
Interest expense, net of interest income 2,514  1,416  5,749  859  —  4,271  14,809 
Other expense 640  261  111  207  6  1,334  2,559 
Income (loss) before income taxes $ 8,843  $ 9,384  $ 4,846  $ 1,833  $ 2,920  $ (22,632) $ 5,194 
Other Non-cash Segment Disclosures:
Depreciation and intangible asset amortization (1)
8,796  2,859  7,019  514  716  471  20,375 
Amortization of debt discount & debt issuance costs (1)
501  259  112  —  —  468  1,340 
(1) These amounts disclosed by reportable segment are included within the other segment expense captions.
Six Months Ended June 30, 2025
North America Regions U.S. Federal Renewable Fuels Europe All Other Corporate Total
Revenues $ 389,445  $ 84,891  $ 80,994  $ 238,541  $ 31,242  $ 825,113 
Cost of revenues 331,098  67,139  65,157  215,716  20,726  699,836 
Gross profit 58,347  17,752  15,837  22,825  10,516  125,277 
Add:
Earnings from unconsolidated entities 55  —  —  356  —  —  411 
Less:
Selling, general and administrative expenses 27,210  6,439  2,123  10,221  6,978  31,251  84,222 
(Gain) loss on derivatives (3,837) 733  137  —  —  —  (2,967)
Interest expense, net of interest income 7,304  1,646  16,153  892  —  12,348  38,343 
Other (income) expense (1,520) 355  261  1,651  1  (2,858) (2,110)
Income (loss) before income taxes $ 29,245  $ 8,579  $ (2,837) $ 10,417  $ 3,537  $ (40,741) $ 8,200 
Other Non-cash Segment Disclosures:
Depreciation and intangible asset amortization (1)
21,041  9,765  16,274  1,109  62  888  49,139 
Amortization of debt discount & debt issuance costs (1)
1,166  355  261  —  —  1,067  2,849 
(1) These amounts disclosed by reportable segment are included within the other segment expense captions.
Six Months Ended June 30, 2024
North America Regions U.S. Federal Renewable Fuels Europe All Other Corporate Total
Revenues $ 346,416  $ 147,627  $ 78,711  $ 117,181  $ 46,453  $ 736,388 
Cost of revenues 303,516  123,799  60,383  105,790  30,738  624,226 
Gross profit 42,900  23,828  18,328  11,391  15,715  112,162 
Add:
Earnings from unconsolidated entities 13  552  —  —  —  —  565 
Less:
Selling, general and administrative expenses 25,589  6,209  954  7,927  10,346  32,756  83,781 
Gain on derivatives (2,637) (1,026) (305) —  —  —  (3,968)
Interest expense, net of interest income 4,211  2,191  11,431  1,776  —  9,435  29,044 
Other expense 1,314  265  226  447  18  2,584  4,854 
Income (loss) before income taxes $ 14,436  $ 16,741  $ 6,022  $ 1,241  $ 5,351  $ (44,775) $ (984)
Other Non-cash Segment Disclosures:
Depreciation and intangible asset amortization (1)
16,870  4,875  14,215  1,010  1,312  931  39,213 
Amortization of debt discount & debt issuance costs (1)
904  264  227  —  —  927  2,322 
(1) These amounts disclosed by reportable segment are included within the other segment expense captions.