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Segment Data (Tables)

9 Months Ended

Sep. 30, 2024

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 September 30, 2024
(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)						$	39,910					$	51,682					$	23,307					$	—					$	—					$	114,899
Third party						41,617						55,256						2,298						—						—						99,171
Total revenue						$	81,527					$	106,938					$	25,605					$	—					$	—					$	214,070
Segment EBITDA						$	42,380					$	20,245					$	7,526					$	15,602					$	(16,572)					$	69,181
Depreciation and amortization						16,424						2,796						1,218						—						766						21,204
Amortization of customer contract intangible						—						601						—						—						—						601
Interest income						(11,531)						(3,707)						(8,232)						—						—						(23,470)
Interest expense						—						—						—						—						37,022						37,022
Income tax expense																																				150
Net income																																				$	33,674
Capital spending (2)						$	62,086					$	1,202					$	1,910					$	—					$	—					$	65,198
						Three Months Ended September 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 (1)						$	55,419					$	70,610					$	30,382					$	—					$	—					$	156,411
Third party						39,406						76,500						3,507						—						—						119,413
Total revenue						$	94,825					$	147,110					$	33,889					$	—					$	—					$	275,824
Segment EBITDA						$	52,906					$	28,135					$	17,914					$	9,288					$	(10,002)					$	98,241
Depreciation and amortization						19,263						1,769						2,704						—						849						24,585
Amortization of customer contract intangible						—						1,803						—						—						—						1,803
Interest expense						—						—						—						—						36,901						36,901
Income tax expense																																				127
Net income																																				$	34,825
Capital spending (2)						$	12,002					$	2,123					$	522					$	—					$	—					$	14,647

						Nine Months Ended September 30, 2024
(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)						$	143,992					$	175,463					$	91,897					$	—					$	—					$	411,352
Third party						126,061						186,345						7,015						—						—						319,421
Total revenue						$	270,053					$	361,808					$	98,912					$	—					$	—					$	730,773
Segment EBITDA						$	154,819					$	75,724					$	42,405					$	31,974					$	(31,848)					$	273,074
Depreciation and amortization						56,640						6,143						6,515						—						2,608						71,906
Amortization of marketing contract intangible						—						4,206						—						—						—						4,206
Interest income						(11,559)						(3,707)						(8,232)						—						—						(23,498)
Interest expense						—						—						—						—						112,547						112,547
Income tax expense																																				533
Net income																																				$	107,380
Capital spending (2)						$	84,160					$	1,223					$	5,167					$	—					$	—					$	90,550
						Nine Months Ended September 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 (1)						$	157,362					$	156,437					$	100,604					$	—					$	—					$	414,403
Third party						123,132						221,809						6,916						—						—						351,857
Total revenue						$	280,494					$	378,246					$	107,520					$	—					$	—					$	766,260
Segment EBITDA						$	161,014					$	78,071					$	46,316					$	22,889					$	(24,111)					$	284,179
Depreciation and amortization						54,511						5,338						7,109						—						2,459						69,417
Amortization of marketing contract intangible						—						5,408						—						—						—						5,408
Interest expense						—						—						—						—						104,581						104,581
Income tax expense																																				685
Net income																																				$	104,088
Capital spending (2)						$	62,168					$	2,527					$	3,933					$	—					$	—					$	68,628

(1) Affiliate revenue for the wholesale marketing and terminalling segment is presented net of amortization expense pertaining to the marketing contract intangible. This intangible was assigned to Delek Holdings on August 5, 2024.

(2) Capital spending includes additions on an accrual basis.

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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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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