In refining, Neumann said Adjusted EBITDA in the petroleum segment was a loss of $50 million , compared with a loss of $30 million in the first quarter of 2025, citing increased RIN expenses, higher operating costs, and realized derivative losses. The fertilizer segment strengthened with Adjusted EBITDA of $78 million and ammonia utilization at 103% , enabling a reinstated $0.10/share dividend while management pursues deleveraging toward a $1 billion gross leverage target amid tighter market fundamentals fr ...