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Business Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Segment information for the periods presented below was as follows:
| Offshore Pipeline Transportation |  | Soda and Sulfur Services |  | Marine Transportation |  | Onshore Facilities and Transportation |  | Total
Three Months Ended June 30, 2024 |  |  |  |  |  |  |  |  |
Segment Margin(1) | $ | 86,131 |  |  | $ | 41,611 |  |  | $ | 31,543 |  |  | $ | 9,028 |  |  | $ | 168,313 |
Capital expenditures(2) | $ | 55,788 |  |  | $ | 18,106 |  |  | $ | 29,532 |  |  | $ | 6,692 |  |  | $ | 110,118 |
Revenues: |  |  |  |  |  |  |  |  |
External customers | $ | 99,024 |  |  | $ | 392,226 |  |  | $ | 81,871 |  |  | $ | 183,140 |  |  | $ | 756,261 |
Intersegment(3) | — |  |  | (2,232) |  |  | — |  |  | 2,232 |  |  | — |
Total revenues of reportable segments | $ | 99,024 |  |  | $ | 389,994 |  |  | $ | 81,871 |  |  | $ | 185,372 |  |  | $ | 756,261 |
Three Months Ended June 30, 2023 |  |  |  |  |  |  |  |  |
Segment Margin(1) | $ | 93,300 |  |  | $ | 89,255 |  |  | $ | 25,758 |  |  | $ | 6,305 |  |  | $ | 214,618 |
Capital expenditures(2) | $ | 91,645 |  |  | $ | 26,622 |  |  | $ | 10,990 |  |  | $ | 2,088 |  |  | $ | 131,345 |
Revenues: |  |  |  |  |  |  |  |  |
External customers | $ | 91,459 |  |  | $ | 465,077 |  |  | $ | 77,343 |  |  | $ | 170,783 |  |  | $ | 804,662 |
Intersegment(3) | — |  |  | (2,222) |  |  | — |  |  | 2,222 |  |  | — |
Total revenues of reportable segments | $ | 91,459 |  |  | $ | 462,855 |  |  | $ | 77,343 |  |  | $ | 173,005 |  |  | $ | 804,662 |
Six Months Ended June 30, 2024 |  |  |  |  |  |  |  |  |
Segment Margin(1) | $ | 183,937 |  |  | $ | 86,993 |  |  | $ | 62,906 |  |  | $ | 15,575 |  |  | $ | 349,411 |
Capital expenditures(2) | $ | 119,414 |  |  | $ | 36,706 |  |  | $ | 41,842 |  |  | $ | 13,213 |  |  | $ | 211,175 |
Revenues: |  |  |  |  |  |  |  |  |
External customers | $ | 201,014 |  |  | $ | 795,179 |  |  | $ | 165,445 |  |  | $ | 364,728 |  |  | $ | 1,526,366 |
Intersegment(3) | — |  |  | (4,237) |  |  | — |  |  | 4,237 |  |  | — |
Total revenues of reportable segments | $ | 201,014 |  |  | $ | 790,942 |  |  | $ | 165,445 |  |  | $ | 368,965 |  |  | $ | 1,526,366 |
Six Months Ended June 30, 2023 |  |  |  |  |  |  |  |  |
Segment Margin(1) | $ | 191,238 |  |  | $ | 155,362 |  |  | $ | 51,452 |  |  | $ | 11,695 |  |  | $ | 409,747 |
Capital expenditures(2) | $ | 143,698 |  |  | $ | 46,607 |  |  | $ | 20,047 |  |  | $ | 4,018 |  |  | $ | 214,370 |
Revenues: |  |  |  |  |  |  |  |  |
External customers | $ | 182,854 |  |  | $ | 911,983 |  |  | $ | 160,569 |  |  | $ | 339,868 |  |  | $ | 1,595,274 |
Intersegment(3) | — |  |  | (4,480) |  |  | — |  |  | 4,480 |  |  | — |
Total revenues of reportable segments | $ | 182,854 |  |  | $ | 907,503 |  |  | $ | 160,569 |  |  | $ | 344,348 |  |  | $ | 1,595,274 |
(1)A reconciliation of Net income (loss) attributable to Genesis Energy, L.P. to total Segment Margin for the periods is presented below. (2)Capital expenditures include maintenance and growth capital expenditures, such as fixed asset additions (including enhancements to existing facilities and construction of growth projects) as well as contributions to equity investees, if any. (3)Intersegment sales were conducted under terms that we believe were no more or less favorable than then-existing market conditions. Total assets by reportable segment were as follows:
| June 30, 2024 |  | December 31, 2023
Offshore pipeline transportation | $ | 2,653,561 |  |  | $ | 2,580,032 |
Soda and sulfur services | 2,616,451 |  |  | 2,705,350 |
Marine transportation | 639,386 |  |  | 645,020 |
Onshore facilities and transportation | 965,850 |  |  | 1,019,113 |
Other assets | 76,054 |  |  | 69,263 |
Total consolidated assets | $ | 6,951,302 |  |  | $ | 7,018,778 |
Reconciliation of Segment Margin to (Loss) Income from Continuing Operations | Reconciliation of Net income (loss) attributable to Genesis Energy, L.P. to total Segment Margin:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Net income (loss) attributable to Genesis Energy, L.P. | $ | (8,744) |  |  | $ | 49,344 |  |  | $ | 2,609 |  |  | $ | 47,700 |
Corporate general and administrative expenses | 20,007 |  |  | 18,487 |  |  | 36,056 |  |  | 34,251 |
Depreciation, depletion, amortization and accretion | 80,386 |  |  | 71,754 |  |  | 156,929 |  |  | 147,689 |
Interest expense, net | 70,870 |  |  | 61,623 |  |  | 139,604 |  |  | 122,477 |
Adjustment to include distributable cash generated by equity investees not included in income and exclude equity in investees net income(1) | 4,879 |  |  | 5,867 |  |  | 11,687 |  |  | 12,148 |
Unrealized losses (gains) on derivative transactions excluding fair value hedges, net of changes in inventory value | (5,860) |  |  | 2,888 |  |  | (10,941) |  |  | 30,020 |
Other non-cash items | (2,496) |  |  | (7,197) |  |  | (4,685) |  |  | (9,658) |
Loss on extinguishment of debt(2) | 1,429 |  |  | 3 |  |  | 1,429 |  |  | 1,812 |
Differences in timing of cash receipts for certain contractual arrangements(3) | 7,820 |  |  | 11,559 |  |  | 15,892 |  |  | 22,134 |
Income tax expense | 22 |  |  | 290 |  |  | 831 |  |  | 1,174 |
Total Segment Margin | $ | 168,313 |  |  | $ | 214,618 |  |  | $ | 349,411 |  |  | $ | 409,747 |
(1)Includes distributions attributable to the quarter and received during or promptly following such quarter. (2)The three and six months ended June 30, 2024 includes the write-off of the unamortized issuance costs associated with the redemption of our 2026 Notes. The three and six months ended June 30, 2023 includes transactions costs and the write-off of the related unamortized debt issuance costs associated with the tender and redemption of our 2024 Notes. (3)Includes the difference in timing of cash receipts from customers during the period and the revenue we recognize in accordance with GAAP on our related contracts.

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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- 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 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: 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 3: 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 4: 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 + Details
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