Quarterly report [Sections 13 or 15(d)]

BUSINESS SEGMENT INFORMATION (Tables)

v3.25.3
BUSINESS SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 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 September 30, 2025
North America Regions U.S. Federal Renewable Fuels Europe All Other Corporate Total
Revenues $ 237,600  $ 89,508  $ 37,674  $ 144,234  $ 16,971  $ 525,987 
Cost of revenues 195,172  73,649  28,252  133,053  11,532  441,658 
Gross profit 42,428  15,859  9,422  11,181  5,439  84,329 
Add:
Earnings from unconsolidated entities 37  1,127  —  229  —  —  1,393 
Less:
Selling, general and administrative expenses 12,749  3,057  605  5,539  3,751  17,671  43,372 
Loss on derivatives 740  55  18  —  —  —  813 
Interest expense and interest income, net 3,780  840  7,882  866  —  7,117  20,485 
Other expense 372  177  82  1,462  1  796  2,890 
Income (loss) before income taxes $ 24,824  $ 12,857  $ 835  $ 3,543  $ 1,687  $ (25,584) $ 18,162 
Other Non-cash Segment Disclosures:
Depreciation and intangible asset amortization (1)
10,769  4,981  10,446  628  31  380  27,235 
Amortization of debt discount & debt issuance costs (1)
582  176  82  89  —  643  1,572 
(1) These amounts disclosed by reportable segment are included within the other segment expense captions.
Three Months Ended September, 2024
North America Regions U.S. Federal Renewable Fuels Europe All Other Corporate Total
Revenues $ 291,611  $ 89,113  $ 43,537  $ 52,613  $ 23,999  $ 500,873 
Cost of revenues 251,324  72,872  33,430  50,103  16,005  423,734 
Gross profit 40,287  16,241  10,107  2,510  7,994  77,139 
Add:
Earnings from unconsolidated entities 25  134  —  —  —  —  159 
Less:
Selling, general and administrative expenses 12,087  3,085  788  4,243  5,404  16,532  42,139 
Loss on derivatives 1,592  1,342  767  —  —  —  3,701 
Interest expense and interest income, net 3,577  2,017  6,203  1,371  (1) 5,249  18,416 
Other expense 394  388  113  181  11  (1,735) (648)
Income (loss) before income taxes $ 22,662  $ 9,543  $ 2,236  $ (3,285) $ 2,580  $ (20,046) $ 13,690 
Other Non-cash Segment Disclosures:
Depreciation and intangible asset amortization (1)
9,552  4,751  7,494  503  689  464  23,453 
Amortization of debt discount & debt issuance costs (1)
552  390  113  —  —  387  1,442 
(1) These amounts disclosed by reportable segment are included within the other segment expense captions.
Nine Months Ended September 30, 2025
North America Regions U.S. Federal Renewable Fuels Europe All Other Corporate Total
Revenues $ 627,045  $ 174,399  $ 118,668  $ 382,775  $ 48,213  $ 1,351,100 
Cost of revenues 526,270  140,788  93,409  348,769  32,258  1,141,494 
Gross profit 100,775  33,611  25,259  34,006  15,955  209,606 
Add:
Earnings from unconsolidated entities 92  1,127  —  585  —  —  1,804 
Less:
Selling, general and administrative expenses 39,959  9,496  2,728  15,760  10,729  48,921  127,593 
(Gain) loss on derivatives (3,097) 788  155  —  —  —  (2,154)
Interest expense, net of interest income 11,084  2,486  24,035  1,758  —  19,465  58,828 
Other (income) expense (1,148) 532  343  3,113  2  (2,062) 780 
Income (loss) before income taxes $ 54,069  $ 21,436  $ (2,002) $ 13,960  $ 5,224  $ (66,324) $ 26,363 
Other Non-cash Segment Disclosures:
Depreciation and intangible asset amortization (1)
31,810  14,745  26,719  1,738  94  1,268  76,374 
Amortization of debt discount & debt issuance costs (1)
1,747  532  343  89  —  1,710  4,421 
(1) These amounts disclosed by reportable segment are included within the other segment expense captions.
Nine Months Ended September, 2024
North America Regions U.S. Federal Renewable Fuels Europe All Other Corporate Total
Revenues $ 638,027  $ 236,740  $ 122,248  $ 169,794  $ 70,452  $ 1,237,261 
Cost of revenues 554,840  196,671  93,813  155,893  46,743  1,047,960 
Gross profit 83,187  40,069  28,435  13,901  23,709  189,301 
Add:
Earnings from unconsolidated entities 38  686  —  —  —  —  724 
Less:
Selling, general and administrative expenses 37,676  9,294  1,742  12,170  15,750  49,288  125,920 
(Gain) loss on derivatives (1,045) 316  462  —  —  —  (267)
Interest expense, net of interest income 7,788  4,207  17,634  3,146  —  14,685  47,460 
Other expense 1,708  654  339  629  28  848  4,206 
Income (loss) before income taxes $ 37,098  $ 26,284  $ 8,258  $ (2,044) $ 7,931  $ (64,821) $ 12,706 
Other Non-cash Segment Disclosures:
Depreciation and intangible asset amortization (1)
26,422  9,626  21,709  1,513  2,001  1,395  62,666 
Amortization of debt discount & debt issuance costs (1)
1,456  654  340  —  —  1,314  3,764 
(1) These amounts disclosed by reportable segment are included within the other segment expense captions.