Segment Data (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Segment Reporting Information, by Segment

The following is a summary of business segment operating performance as measured by EBITDA for the periods indicated (in thousands):










































	Three Months Ended March 31, 2023
(In thousands)	Gathering and Processing		Wholesale Marketing and Terminalling		Storage and Transportation		Investments in Pipeline Joint Ventures		Corporate and Other		Consolidated
Net revenues:
Affiliate (1)	$	52,761	$	33,751	$	38,487	$	—	$	—	$	124,999
Third party	39,671		78,558		297		—		—		118,526
Total revenue	$	92,432	$	112,309	$	38,784	$	—	$	—	$	243,525

Segment EBITDA	$	55,445	$	21,954	$	13,422	$	6,316	$	(3,979)	$	93,158
Depreciation and amortization	16,447		1,689		2,102		—		867		21,105
Amortization of customer contract intangible	—		1,803		—		—		—		1,803
Interest expense, net	—		—		—		—		32,581		32,581
Income tax expense											302
Net income											$	37,367

Capital spending	$	32,789	$	3,116	$	196	$	—	$	—	$	36,101


	Three Months Ended March 31, 2022
(In thousands)	Gathering and Processing		Wholesale Marketing and Terminalling		Storage and Transportation		Investments in Pipeline Joint Ventures		Corporate and Other		Consolidated
Net revenues:
Affiliate (1)	$	40,334	$	52,731	$	30,689	$	—	$	—	$	123,754
Third party	1,710		78,045		3,072		—		—		82,827
Total revenue	$	42,044	$	130,776	$	33,761	$	—	$	—	$	206,581

Segment EBITDA	$	32,081	$	20,734	$	11,108	$	7,026	$	(4,946)	$	66,003
Depreciation and amortization	5,841		1,378		2,096		—		1,020		10,335
Amortization of customer contract intangible	—		1,803		—		—		—		1,803
Interest expense, net	—		—		—		—		14,250		14,250
Income tax expense											101
Net income											$	39,514

Capital spending	$	8,855	$	231	$	—	$	—	$	—	$	9,086

(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.