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Segment Data (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

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 June 30, 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						$	49,182					$	52,076					$	31,735					$	—					$	—					$	132,993
Third party						44,055						66,751						3,112						—						—						113,918
Total revenue						$	93,237					$	118,827					$	34,847					$	—					$	—					$	246,911
Segment EBITDA						$	52,663					$	27,983					$	14,978					$	7,285					$	(10,129)					$	92,780
Depreciation and amortization						18,801						1,880						2,304						—						742						23,727
Amortization of customer contract intangible						—						1,802						—						—						—						1,802
Interest expense, net						—						—						—						—						35,099						35,099
Income tax expense																																				256
Net income																																				$	31,896
Capital spending						$	18,877					$	(2,712)					$	3,215					$	—					$	—					$	19,380
						Three Months Ended June 30, 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						$	45,605					$	46,110					$	32,651					$	—					$	—					$	124,366
Third party						19,221						119,430						3,733						—						—						142,384
Total revenue						$	64,826					$	165,540					$	36,384					$	—					$	—					$	266,750
Segment EBITDA						$	38,497					$	18,807					$	14,529					$	7,073					$	(14,400)					$	64,506
Depreciation and amortization						8,640						1,668						2,180						—						934						13,422
Amortization of customer contract intangible						—						1,803						—						—						—						1,803
Interest expense, net						—						—						—						—						16,812						16,812
Income tax expense																																				305
Net income																																				$	32,164
Capital spending						$	26,630					$	96					$	—					$	—					$	—					$	26,726
						Six Months Ended June 30, 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						$	101,943					$	85,827					$	70,222					$	—					$	—					$	257,992
Third party						83,726						145,309						3,409						—						—						232,444
Total revenue						$	185,669					$	231,136					$	73,631					$	—					$	—					$	490,436
Segment EBITDA						$	108,108					$	49,937					$	28,400					$	13,601					$	(14,108)					$	185,938
Depreciation and amortization						35,248						3,569						4,406						—						1,609						44,832
Amortization of customer contract intangible						—						3,605						—						—						—						3,605
Interest expense, net						—						—						—						—						67,680						67,680
Income tax expense																																				558
Net income																																				$	69,263
Capital spending						$	51,666					$	404					$	3,411					$	—					$	—					$	55,481

						Six Months Ended June 30, 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						$	85,938					$	98,842					$	63,340					$	—					$	—					$	248,120
Third party						20,932						197,474						6,805						—						—						225,211
Total revenue						$	106,870					$	296,316					$	70,145					$	—					$	—					$	473,331
Segment EBITDA						$	70,578					$	39,541					$	25,637					$	14,099					$	(19,346)					$	130,509
Depreciation and amortization						14,481						3,046						4,276						—						1,954						23,757
Amortization of customer contract intangible						—						3,606						—						—						—						3,606
Interest expense, net						—						—						—						—						31,062						31,062
Income tax expense																																				406
Net income																																				$	71,678
Capital spending						$	35,485					$	327					$	—					$	—					$	—					$	35,812

X

- 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 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: 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 3: 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 4: 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

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- References

No definition available.

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