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REVENUES
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
REVENUES REVENUES
As described in “Note 13 - Segment Information”, the Company’s business consists of the Refining Segment and Logistics Segment. The following table provides information relating to the Company’s revenues for each product or group of similar products or services by segment for the periods presented.
Three Months Ended March 31,
(in millions)20262025
Refining Segment:
Gasoline and distillates $7,058.8 $6,125.6 
Asphalt and blackoils 318.2 237.7 
Feedstocks and other 291.9 496.9 
Chemicals 145.0 121.4 
Lubricants 85.9 75.5 
Total Refining Revenue 7,899.8 7,057.1 
Logistics Segment:
Logistics Revenue93.2 94.5 
Total revenue prior to eliminations 7,993.0 7,151.6 
Elimination of intercompany revenue(88.7)(85.2)
Total Revenues $7,904.3 $7,066.4 
The majority of the Company’s revenues are generated from the sale of refined products. These revenues are largely based on the current spot (market) prices of the products sold, which represent consideration specifically allocable to the products being sold on a given day, and the Company recognizes those revenues upon delivery and transfer of title to the products to the Company’s customers. The time at which delivery and transfer of title occurs is the point when the Company’s control of the products is transferred to the Company’s customers and when its performance obligation to its customers is fulfilled. Delivery and transfer of title are specifically agreed to between the Company and customers within the contracts. The Company also has contracts which contain fixed pricing, tiered pricing, minimum volume features with makeup periods, or other factors that have not materially been affected by ASC 606, Revenue from Contracts with Customers.
The Company’s Logistics segment revenues are generated by charging fees for crude oil and refined products terminaling, storage and pipeline services based on the greater of contractual minimum volume commitments, as applicable, or the delivery of actual volumes based on contractual rates applied to throughput or storage volumes. A majority of the Company’s logistics revenues are generated by intercompany transactions and are eliminated in consolidation.