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Segment Data (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Summary Segment Data

The following is a summary of business segment operating performance as measured by contribution margin for the periods indicated:

(in thousands)									Three Months Ended March 31,
															2021						2020
Pipelines and Transportation
Net revenues:
Affiliate															$	63,048					$	38,502
Third party															1,927						9,465
Total pipelines and transportation															64,975						47,967
Cost of materials and other															13,079						6,098
Operating expenses (excluding depreciation and amortization)															10,172						11,456
Segment contribution margin															$	41,724					$	30,413
Capital spending															$	5,845					$	445
Wholesale Marketing and Terminalling
Net revenues:
Affiliate (1)															$	33,146					$	68,197
Third party															54,792						47,237
Total wholesale marketing and terminalling															87,938						115,434
Cost of materials and other															68,092						95,195
Operating expenses (excluding depreciation and amortization)															3,884						3,288
Segment contribution margin															$	15,962					$	16,951
Capital spending															$	1,954					$	2,583
Consolidated
Net revenues:
Affiliate															$	96,194					$	106,699
Third party															56,719						56,702
Total Consolidated															152,913						163,401
Cost of materials and other															81,171						101,293
Operating expenses (excluding depreciation and amortization presented below)															14,056						14,744
Contribution margin															57,686						47,364
General and administrative expenses															4,860						6,130
Depreciation and amortization															10,739						6,299
Other operating income, net															(83)						(107)
Operating income															$	42,170					$	35,042
Capital spending															$	7,799					$	3,028

(1) Affiliate revenue for the wholesale marketing and terminalling segment is presented net of amortization expense pertaining to the Marketing Contract Intangible Acquisition. See Note 3 for additional information.

The following table summarizes the total assets for each segment as of March 31, 2021 and December 31, 2020 (in thousands). Assets for each segment include property, plant and equipment, equity method investments, intangible assets and inventory.

			March 31, 2021						December 31, 2020
Pipelines and transportation			$	705,262					$	723,317
Wholesale marketing and terminalling			217,384						206,918
Other			26,224						26,182
Total assets			$	948,870					$	956,417

Property, plant and equipment and accumulated depreciation as of March 31, 2021 and depreciation expense by reporting segment for the three months ended March 31, 2021 were as follows (in thousands):

			Pipelines and Transportation						Wholesale Marketing and Terminalling						Consolidated
Property, plant and equipment			$	586,119					$	113,433					$	699,552
Less: accumulated depreciation			(184,318)						(53,177)						(237,495)
Property, plant and equipment, net			$	401,801					$	60,256					$	462,057
Depreciation expense for the three months ended March 31, 2021			$	8,827					$	1,912					$	10,739

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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- References

No definition available.

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