Quarterly report [Sections 13 or 15(d)]

BUSINESS SEGMENT INFORMATION (Tables)

v3.26.1
BUSINESS SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2026
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, 2026
North America Regions U.S. Federal Renewable Fuels Europe All Other Corporate Total
Revenues
$
197,107 
$
92,634 
$
54,213 
$
155,690 
$
15,820 
$
515,464 
Cost of revenues
165,801 
75,338 
42,565 
129,453 
11,000 
424,157 
Gross profit
31,306 
17,296 
11,648 
26,237 
4,820 
91,307 
Add:
Earnings from unconsolidated entities
393 
— 
— 
— 
— 
— 
393 
Less:
Selling, general and administrative expenses
14,255 
3,563 
1,740 
6,385 
3,392 
18,215 
47,550 
Unrealized gain on derivatives
(526)
(302)
(77)
— 
— 
(675)
(1,580)
Interest expense and interest income, net
5,108 
1,235 
9,983 
1,172 
— 
8,898 
26,396 
Other (income) expense, net
(427)
— 
— 
(931)
1 
647 
(710)
Income (loss) before income taxes
$
13,289 
$
12,800 
$
2 
$
19,611 
$
1,427 
$
(27,085)
$
20,044 
Other Non-cash Segment Disclosures:
Depreciation and intangible asset amortization (1)
11,240 
6,083 
11,803 
607 
28 
370 
30,131 
Amortization of debt discount & debt issuance costs (1)
718 
168 
144 
— 
— 
676 
1,706 
(1) These amounts disclosed by reportable segment are included within the other segment expense captions.
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 
Unrealized (gain) loss on derivatives
(4,246)
179 
(235)
— 
— 
— 
(4,302)
Interest expense and interest income, net
4,267 
980 
8,220 
927 
— 
6,893 
21,287 
Other (income) expense, net
(310)
— 
— 
974 
— 
(2,493)
(1,829)
Income (loss) before income taxes
$
21,113 
$
5,443 
$
(1,901)
$
6,983 
$
2,706 
$
(21,726)
$
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.
Six Months Ended June 30,2026
North America Regions U.S. Federal Renewable Fuels Europe All Other
Corporate
Total
Revenues
$
363,134 
$
147,891 
$
93,494 
$
282,988 
$
29,417 
$
916,924 
Cost of revenues
303,522 
123,775 
76,496 
244,897 
20,463 
769,153 
Gross profit
59,612 
24,116 
16,998 
38,091 
8,954 
147,771 
Add:
Earnings from unconsolidated entities
488 
— 
— 
3 
— 
— 
491 
Less:
Selling, general and administrative expenses
28,108 
8,336 
2,990 
12,715 
6,824 
34,892 
93,865 
(Gain) loss on derivatives
1,546 
(462)
73 
— 
— 
(947)
210 
Interest expense, net of interest income
10,439 
2,148 
19,144 
2,136 
— 
17,718 
51,585 
Other (income) expense, net
(579)
— 
— 
(572)
3 
1,273 
125 
Income (loss) before income taxes
$
20,586 
$
14,094 
$
(5,209)
$
23,815 
$
2,127 
$
(52,936)
$
2,477 
Other Non-cash Segment Disclosures:
Depreciation and intangible asset amortization (1)
22,092 
12,172 
23,115 
1,227 
54 
734 
59,394 
Amortization of debt discount & debt issuance costs (1)
1,576 
336 
248 
25 
— 
1,511 
3,696 
(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
8,469 
2,001 
16,414 
892 
— 
13,416 
41,192 
Other (income) expense, net
(2,686)
— 
— 
1,651 
1 
(3,925)
(4,959)
Income (loss) before income taxes
$
29,246 
$
8,579 
$
(2,837)
$
10,417 
$
3,537 
$
(40,742)
$
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.