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Revenues | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Revenues | Revenues The following table represents a disaggregation of revenue for the gathering and processing, wholesale marketing and terminalling, and storage and transportation segments for the periods indicated (in thousands):
| Three Months Ended September 30, 2024
| Gathering and Processing |  | Wholesale Marketing and Terminalling |  | Storage and Transportation |  |  |  |  |  | Consolidated
Service Revenue - Third Party | $ | 19,331 |  |  | $ | — |  |  | $ | 2,298 |  |  |  |  |  |  | $ | 21,629 |
Service Revenue - Affiliate (1) | 8,481 |  |  | 2,216 |  |  | 13,669 |  |  |  |  |  |  | 24,366 |
Product Revenue - Third Party | 22,286 |  |  | 55,256 |  |  | — |  |  |  |  |  |  | 77,542 |
Product Revenue - Affiliate | 5,121 |  |  | 31,887 |  |  | — |  |  |  |  |  |  | 37,008 |
Lease Revenue - Affiliate | 26,308 |  |  | 17,579 |  |  | 9,638 |  |  |  |  |  |  | 53,525 |
Total Revenue | $ | 81,527 |  |  | $ | 106,938 |  |  | $ | 25,605 |  |  |  |  |  |  | $ | 214,070 |
| Three Months Ended September 30, 2023
| Gathering and Processing |  | Wholesale Marketing and Terminalling |  | Storage and Transportation |  |  |  |  |  | Consolidated
Service Revenue - Third Party | $ | 14,929 |  |  | $ | — |  |  | $ | 3,507 |  |  |  |  |  |  | $ | 18,436 |
Service Revenue - Affiliate (1) | 1,743 |  |  | 13,975 |  |  | 9,723 |  |  |  |  |  |  | 25,441 |
Product Revenue - Third Party | 24,477 |  |  | 76,500 |  |  | — |  |  |  |  |  |  | 100,977 |
Product Revenue - Affiliate | 3,776 |  |  | 43,475 |  |  | — |  |  |  |  |  |  | 47,251 |
Lease Revenue - Affiliate | 49,900 |  |  | 13,160 |  |  | 20,659 |  |  |  |  |  |  | 83,719 |
Total Revenue | $ | 94,825 |  |  | $ | 147,110 |  |  | $ | 33,889 |  |  |  |  |  |  | $ | 275,824 |
| Nine Months Ended September 30, 2024
| Gathering and Processing |  | Wholesale Marketing and Terminalling |  | Storage and Transportation |  |  |  |  |  | Consolidated
Service Revenue - Third Party | $ | 56,151 |  |  | $ | — |  |  | $ | 7,015 |  |  |  |  |  |  | $ | 63,166 |
Service Revenue - Affiliate (1) | 8,486 |  |  | 29,684 |  |  | 40,924 |  |  |  |  |  |  | 79,094 |
Product Revenue - Third Party | 69,910 |  |  | 186,345 |  |  | — |  |  |  |  |  |  | 256,255 |
Product Revenue - Affiliate | 13,523 |  |  | 102,184 |  |  | — |  |  |  |  |  |  | 115,707 |
Lease Revenue - Affiliate | 121,983 |  |  | 43,595 |  |  | 50,973 |  |  |  |  |  |  | 216,551 |
Total Revenue | $ | 270,053 |  |  | $ | 361,808 |  |  | $ | 98,912 |  |  |  |  |  |  | $ | 730,773 |
| Nine Months Ended September 30, 2023
| Gathering and Processing |  | Wholesale Marketing and Terminalling |  | Storage and Transportation |  | Consolidated
Service Revenue - Third Party | $ | 45,378 |  |  | $ | — |  |  | $ | 6,916 |  |  | $ | 52,294 |
Service Revenue - Affiliate (1) | 8,165 |  |  | 34,132 |  |  | 44,667 |  |  | 86,964 |
Product Revenue - Third Party | 77,754 |  |  | 221,809 |  |  | — |  |  | 299,563 |
Product Revenue - Affiliate | 12,119 |  |  | 86,625 |  |  | — |  |  | 98,744 |
Lease Revenue - Affiliate | 137,078 |  |  | 35,680 |  |  | 55,937 |  |  | 228,695 |
Total Revenue | $ | 280,494 |  |  | $ | 378,246 |  |  | $ | 107,520 |  |  | $ | 766,260 |
(1) Net of $0.6 million and $4.2 million of amortization expense for the three and nine months ended September 30, 2024, respectively and $1.8 million and $5.4 million for the three and nine months ended September 30, 2023, respectively, related to marketing contract intangible recorded in the wholesale marketing and terminalling segment.
As of September 30, 2024, we expect to recognize approximately $1.1 billion in service revenues related to our unfulfilled performance obligations pertaining to the minimum volume commitments and capacity utilization under the non-cancelable terms of our commercial agreements with Delek Holdings. Most of these agreements have an initial term ranging from five to ten years, which may be extended for various renewal terms. We disclose information about remaining performance obligations that have original expected durations of greater than one year. Our unfulfilled performance obligations as of September 30, 2024 were as follows (in thousands):
Remainder of 2024 | $ | 57,026 |
2025 | 220,037 |
2026 | 201,538 |
2027 | 201,538 |
2028 and thereafter | 426,350 |
Total expected revenue on remaining performance obligations | $ | 1,106,489 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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