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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables present financial information by segment for the years ended December 31, 2024, 2023 and 2022.
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Revenues: |  |  |  |  |
Fuel Distribution |  |  |  |  |
Revenues from external customers | $ | 21,781 |  |  | $ | 22,955 |  |  | $ | 25,629 |
Intersegment revenues | 41 |  |  | 31 |  |  | 31 |
| 21,822 |  |  | 22,986 |  |  | 25,660 |
Pipeline Systems |  |  |  |  |
Revenues from external customers | 562 |  |  | 1 |  |  | — |
Intersegment revenues | 3 |  |  | — |  |  | — |
| 565 |  |  | 1 |  |  | — |
Terminals |  |  |  |  |
Revenues from external customers | 350 |  |  | 112 |  |  | 100 |
Intersegment revenues | 985 |  |  | 373 |  |  | 436 |
| 1,335 |  |  | 485 |  |  | 536 |
Eliminations | (1,029) |  |  | (404) |  |  | (467) |
Total | $ | 22,693 |  |  | $ | 23,068 |  |  | $ | 25,729 |
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Cost of sales: |  |  |  |  |
Fuel Distribution | $ | 20,635 |  |  | $ | 21,761 |  |  | $ | 24,419 |
Pipeline Systems | 30 |  |  | (2) |  |  | — |
Terminals | 959 |  |  | 348 |  |  | 398 |
Eliminations | (1,029) |  |  | (404) |  |  | (467) |
Total | $ | 20,595 |  |  | $ | 21,703 |  |  | $ | 24,350 |
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Operating expenses, excluding non-cash compensation: |  |  |  |  |
Fuel Distribution | $ | 325 |  |  | $ | 350 |  |  | $ | 330 |
Pipeline Systems | 136 |  |  | 2 |  |  | — |
Terminals | 150 |  |  | 67 |  |  | 66 |
Total | $ | 611 |  |  | $ | 419 |  |  | $ | 396 |
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
General and administrative expenses, excluding non-cash compensation: |  |  |  |  |
Fuel Distribution | $ | 88 |  |  | $ | 113 |  |  | $ | 110 |
Pipeline Systems | 123 |  |  | — |  |  | — |
Terminals | 55 |  |  | 1 |  |  | 1 |
Total | $ | 266 |  |  | $ | 114 |  |  | $ | 111 |
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Other(1): |  |  |  |  |
Fuel Distribution | $ | (134) |  |  | $ | (103) |  |  | $ | (37) |
Pipeline Systems | (101) |  |  | (10) |  |  | (10) |
Terminals | (1) |  |  | (19) |  |  | — |
Total | $ | (236) |  |  | $ | (132) |  |  | $ | (47) |
(1) Other by segment includes Adjusted EBITDA from unconsolidated affiliates, unrealized gains and losses on commodity derivatives, inventory valuation adjustments and other less significant items, as applicable.
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Segment Adjusted EBITDA: |  |  |  |  |
Fuel Distribution | $ | 908 |  |  | $ | 865 |  |  | $ | 838 |
Pipeline Systems | 377 |  |  | 11 |  |  | 10 |
Terminals | 172 |  |  | 88 |  |  | 71 |
Total | $ | 1,457 |  |  | $ | 964 |  |  | $ | 919 |
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Reconciliation of net income to Adjusted EBITDA: |  |  |  |  |
Net income | $ | 874 |  |  | $ | 394 |  |  | $ | 475 |
Depreciation, amortization and accretion | 368 |  |  | 187 |  |  | 193 |
Interest expense, net | 391 |  |  | 217 |  |  | 182 |
Non-cash unit-based compensation expense | 17 |  |  | 17 |  |  | 14 |
(Gain) loss on disposal of assets and impairment charges | 45 |  |  | (7) |  |  | (13) |
Loss on extinguishment of debt | 2 |  |  | — |  |  | — |
Unrealized (gains) losses on commodity derivatives | 12 |  |  | (21) |  |  | 21 |
Inventory valuation adjustments | 86 |  |  | 114 |  |  | (5) |
Equity in earnings of unconsolidated affiliates | (60) |  |  | (5) |  |  | (4) |
Adjusted EBITDA related to unconsolidated affiliates | 101 |  |  | 10 |  |  | 10 |
Gain on West Texas Sale | (586) |  |  | — |  |  | — |
Other non-cash adjustments | 32 |  |  | 22 |  |  | 20 |
Income tax expense | 175 |  |  | 36 |  |  | 26 |
Adjusted EBITDA (consolidated) | $ | 1,457 |  |  | $ | 964 |  |  | $ | 919 |
Total revenues by geographic area are shown in the table below:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
United States | $ | 22,649 |  |  | $ | 23,068 |  |  | $ | 25,729 |
Foreign | 44 |  |  | — |  |  | — |
Total | $ | 22,693 |  |  | $ | 23,068 |  |  | $ | 25,729 |
Total assets by reportable segment were as follows:
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Assets: |  |  |  |  |
Fuel Distribution | $ | 6,047 |  |  | $ | 6,047 |  |  | $ | 6,022 |
Pipeline Systems | 6,213 |  |  | 49 |  |  | 53 |
Terminals | 1,944 |  |  | 672 |  |  | 643 |
Total segment assets | 14,204 |  |  | 6,768 |  |  | 6,718 |
Other partnership assets | 171 |  |  | 58 |  |  | 112 |
Total assets | $ | 14,375 |  |  | $ | 6,826 |  |  | $ | 6,830 |
Additions to property and equipment (excluding acquisitions) by reportable segment were as follows:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Fuel Distribution | $ | 231 |  |  | $ | 182 |  |  | $ | 154 |
Pipeline Systems | 44 |  |  | 5 |  |  | 12 |
Terminals | 69 |  |  | 28 |  |  | 20 |
Total | $ | 344 |  |  | $ | 215 |  |  | $ | 186 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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