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v3.24.3

Revenues (Tables) | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | 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.
Schedule of Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction | 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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