XML 47 R24.htm IDEA: XBRL DOCUMENT
v3.25.2

Revenues (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
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 June 30, 2025
| Gathering and Processing |  | Wholesale Marketing and Terminalling |  | Storage and Transportation |  |  |  |  |  | Consolidated
Service Revenue - Third Party | $ | 20,526 |  |  | $ | — |  |  | $ | 1,350 |  |  |  |  |  |  | $ | 21,876 |
Service Revenue - Affiliate (1) | 1,521 |  |  | 6,695 |  |  | 13,636 |  |  |  |  |  |  | 21,852 |
Product Revenue - Third Party | 58,143 |  |  | 52,248 |  |  | — |  |  |  |  |  |  | 110,391 |
Product Revenue - Affiliate | 664 |  |  | 36,533 |  |  | — |  |  |  |  |  |  | 37,197 |
Lease Revenue - Affiliate | 36,913 |  |  | 9,139 |  |  | 8,982 |  |  |  |  |  |  | 55,034 |
Total Revenue | $ | 117,767 |  |  | $ | 104,615 |  |  | $ | 23,968 |  |  |  |  |  |  | $ | 246,350 |
| Three Months Ended June 30, 2024
| Gathering and Processing |  | Wholesale Marketing and Terminalling |  | Storage and Transportation |  |  |  |  |  | Consolidated
Service Revenue - Third Party | $ | 13,435 |  |  | $ | — |  |  | $ | 1,985 |  |  |  |  |  |  | $ | 15,420 |
Service Revenue - Affiliate (1) | 3 |  |  | 14,252 |  |  | 13,710 |  |  |  |  |  |  | 27,965 |
Product Revenue - Third Party | 27,679 |  |  | 64,701 |  |  | — |  |  |  |  |  |  | 92,380 |
Product Revenue - Affiliate | 4,452 |  |  | 42,551 |  |  | — |  |  |  |  |  |  | 47,003 |
Lease Revenue - Affiliate | 47,074 |  |  | 14,096 |  |  | 20,690 |  |  |  |  |  |  | 81,860 |
Total Revenue | $ | 92,643 |  |  | $ | 135,600 |  |  | $ | 36,385 |  |  |  |  |  |  | $ | 264,628 |
| Six Months Ended June 30, 2025
| Gathering and Processing |  | Wholesale Marketing and Terminalling |  | Storage and Transportation |  |  |  |  |  | Consolidated
Service Revenue - Third Party | $ | 38,980 |  |  | $ | — |  |  | $ | 2,932 |  |  |  |  |  |  | $ | 41,912 |
Service Revenue - Affiliate (1) | 3,027 |  |  | 13,352 |  |  | 27,610 |  |  |  |  |  |  | 43,989 |
Product Revenue - Third Party | 119,725 |  |  | 94,239 |  |  | — |  |  |  |  |  |  | 213,964 |
Product Revenue - Affiliate | 3,883 |  |  | 85,859 |  |  | — |  |  |  |  |  |  | 89,742 |
Lease Revenue - Affiliate | 70,755 |  |  | 17,864 |  |  | 18,054 |  |  |  |  |  |  | 106,673 |
Total Revenue | $ | 236,370 |  |  | $ | 211,314 |  |  | $ | 48,596 |  |  |  |  |  |  | $ | 496,280 |
| Six Months Ended June 30, 2024
| Gathering and Processing |  | Wholesale Marketing and Terminalling |  | Storage and Transportation |  | Consolidated
Service Revenue - Third Party | $ | 36,820 |  |  | $ | — |  |  | $ | 4,717 |  |  | $ | 41,537 |
Service Revenue - Affiliate (1) | 5 |  |  | 27,468 |  |  | 27,255 |  |  | 54,728 |
Product Revenue - Third Party | 47,624 |  |  | 131,089 |  |  | — |  |  | 178,713 |
Product Revenue - Affiliate | 8,402 |  |  | 70,297 |  |  | — |  |  | 78,699 |
Lease Revenue - Affiliate | 95,675 |  |  | 26,016 |  |  | 41,335 |  |  | 163,026 |
Total Revenue | $ | 188,526 |  |  | $ | 254,870 |  |  | $ | 73,307 |  |  | $ | 516,703 |
(1) Net of $1.8 million and $3.6 million for the three and six months ended June 30, 2024, related to marketing contract intangible recorded in the wholesale marketing and terminalling segment. For the three and six months ended June 30, 2025, no amortization was recorded related to this intangible, as the associated agreement was terminated on August 5, 2024.
Schedule of Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction | Our unfulfilled performance obligations as of June 30, 2025, were as follows (in thousands):
Remainder of 2025 | $ | 73,843 |
2026 | 126,578 |
2027 | 126,578 |
2028 | 81,108 |
2029 and thereafter | 174,001 |
Total expected revenue on remaining performance obligations | $ | 582,108 |

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration