XML 84 R60.htm IDEA: XBRL DOCUMENT v3.25.3
Segment Data - Schedule of Segments (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment Reporting Information [Line Items]        
Revenues $ 261,277 $ 214,070 $ 757,557 $ 730,773
Operating expenses 38,432 26,540 114,454 82,447
Income from equity method investments (21,878) (15,602) (42,564) (31,974)
Other segment items 3,145 (104) (458) (3,802)
Segment EBITDA 111,882 85,753 308,071 304,922
Corporate expenses and other 9,904 16,572 30,518 31,848
Depreciation and amortization 34,799 21,204 89,612 71,906
Interest income (26,716) (23,470) (72,801) (23,498)
Interest expense 47,991 37,022 130,803 112,547
Income Tax Expense (Benefit) 344 150 771 533
Net income 45,560 33,674 129,168 107,380
Capital spending 49,630 65,198 240,762 90,550
Affiliated Entity        
Segment Reporting Information [Line Items]        
Revenues [1] 131,016 114,899 371,420 411,352
Cost of materials and other [1] 85,486 84,015 259,863 279,962
Operating expenses 23,076 15,275 66,169 48,432
Nonrelated Party        
Segment Reporting Information [Line Items]        
Revenues 130,261 99,171 386,137 319,421
Cost of materials and other 44,238 33,495 118,274 99,300
Segment Reporting, Reconciling Item, Corporate Nonsegment        
Segment Reporting Information [Line Items]        
Depreciation and amortization 776 766 2,295 2,608
Capital spending 0 0    
Capital spending     0 0
Operating Segments Excluding Intersegment Elimination        
Segment Reporting Information [Line Items]        
Cost of materials and other 129,696 117,483 378,054 379,180
Marketing Contract Intangible        
Segment Reporting Information [Line Items]        
Amortization of Intangible Assets 0 601 0 4,206
Marketing Contract Intangible | Segment Reporting, Reconciling Item, Corporate Nonsegment        
Segment Reporting Information [Line Items]        
Amortization of Intangible Assets   0   0
Gathering and Processing        
Segment Reporting Information [Line Items]        
Revenues 132,209 81,527 368,579 270,053
Gathering and Processing | Operating Segments        
Segment Reporting Information [Line Items]        
Revenues 132,209 81,527 368,579 270,053
Cost of materials and other 31,394 20,061 77,486 57,590
Operating expenses 30,891 18,371 92,988 57,622
Income from equity method investments 0 0 0 0
Other segment items 373 715 (3,332) 22
Segment EBITDA 69,551 42,380 201,437 154,819
Depreciation and amortization 31,801 16,424 80,609 56,640
Capital spending 47,594 62,086    
Capital spending     236,123 84,160
Gathering and Processing | Operating Segments | Affiliated Entity        
Segment Reporting Information [Line Items]        
Revenues 51,165 39,910 128,830 143,992
Gathering and Processing | Operating Segments | Nonrelated Party        
Segment Reporting Information [Line Items]        
Revenues 81,044 41,617 239,749 126,061
Gathering and Processing | Marketing Contract Intangible | Operating Segments        
Segment Reporting Information [Line Items]        
Amortization of Intangible Assets   0   0
Wholesale Marketing and Terminalling        
Segment Reporting Information [Line Items]        
Revenues 104,741 106,938 316,055 361,808
Wholesale Marketing and Terminalling | Operating Segments        
Segment Reporting Information [Line Items]        
Revenues 104,741 106,938 316,055 361,808
Cost of materials and other 85,378 83,834 259,527 279,639
Operating expenses 2,341 3,438 7,311 10,539
Income from equity method investments 0 0 0 0
Other segment items 2,819 (579) 2,838 (4,094)
Segment EBITDA 14,203 20,245 46,379 75,724
Depreciation and amortization 811 2,796 2,715 6,143
Capital spending 647 1,202    
Capital spending     802 1,223
Wholesale Marketing and Terminalling | Operating Segments | Affiliated Entity        
Segment Reporting Information [Line Items]        
Revenues 56,816 51,682 173,891 175,463
Wholesale Marketing and Terminalling | Operating Segments | Nonrelated Party        
Segment Reporting Information [Line Items]        
Revenues 47,925 55,256 142,164 186,345
Wholesale Marketing and Terminalling | Marketing Contract Intangible | Operating Segments        
Segment Reporting Information [Line Items]        
Amortization of Intangible Assets   601   4,206
Storage and Transportation        
Segment Reporting Information [Line Items]        
Revenues 24,327 25,605 72,923 98,912
Storage and Transportation | Operating Segments        
Segment Reporting Information [Line Items]        
Revenues 24,327 25,605 72,923 98,912
Cost of materials and other 12,924 13,588 41,041 41,951
Operating expenses 5,200 4,731 14,155 14,286
Income from equity method investments 0 0 0 0
Other segment items (47) (240) 36 270
Segment EBITDA 6,250 7,526 17,691 42,405
Depreciation and amortization 1,411 1,218 3,993 6,515
Capital spending 1,389 1,910    
Capital spending     3,837 5,167
Storage and Transportation | Operating Segments | Affiliated Entity        
Segment Reporting Information [Line Items]        
Revenues 23,035 23,307 68,699 91,897
Storage and Transportation | Operating Segments | Nonrelated Party        
Segment Reporting Information [Line Items]        
Revenues 1,292 2,298 4,224 7,015
Storage and Transportation | Marketing Contract Intangible | Operating Segments        
Segment Reporting Information [Line Items]        
Amortization of Intangible Assets   0   0
Investments in Pipeline Joint Ventures | Operating Segments        
Segment Reporting Information [Line Items]        
Revenues 0 0 0 0
Cost of materials and other 0 0 0 0
Operating expenses 0 0 0 0
Income from equity method investments (21,878) (15,602) (42,564) (31,974)
Other segment items 0 0 0 0
Segment EBITDA 21,878 15,602 42,564 31,974
Depreciation and amortization 0 0 0 0
Capital spending 0 0    
Capital spending     0 0
Investments in Pipeline Joint Ventures | Operating Segments | Affiliated Entity        
Segment Reporting Information [Line Items]        
Revenues 0 0 0 0
Investments in Pipeline Joint Ventures | Operating Segments | Nonrelated Party        
Segment Reporting Information [Line Items]        
Revenues $ 0 0 $ 0 0
Investments in Pipeline Joint Ventures | Marketing Contract Intangible | Operating Segments        
Segment Reporting Information [Line Items]        
Amortization of Intangible Assets   $ 0   $ 0
[1] See Note 3 for a description of our material affiliate revenue and purchases transactions.