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Revenue Recognition (Tables) | 3 Months Ended
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Mar. 31, 2025
Revenue Recognition [Abstract] |
Schedule of Disaggregation of Revenue | The following tables reflect the disaggregation of our revenues by major category for the three months ended March 31, 2025 and 2024, respectively:
| Three Months Ended March 31, 2025
| Offshore pipeline transportation |  | Marine transportation |  | Onshore transportation and services |  | Consolidated
Fee-based revenues | $ | 108,887 |  |  | $ | 80,644 |  |  | $ | 13,505 |  |  | $ | 203,036 |
Product Sales | — |  |  | — |  |  | 174,263 |  |  | 174,263 |
Refinery Services | — |  |  | — |  |  | 21,012 |  |  | 21,012 |
Total revenues | $ | 108,887 |  |  | $ | 80,644 |  |  | $ | 208,780 |  |  | $ | 398,311 |
| Three Months Ended March 31, 2024
| Offshore pipeline transportation |  | Marine transportation |  | Onshore transportation and services |  | Consolidated
Fee-based revenues | $ | 101,990 |  |  | $ | 83,574 |  |  | $ | 13,287 |  |  | $ | 198,851 |
Product Sales | — |  |  | — |  |  | 212,709 |  |  | 212,709 |
Refinery Services | — |  |  | — |  |  | 22,887 |  |  | 22,887 |
Total revenues | $ | 101,990 |  |  | $ | 83,574 |  |  | $ | 248,883 |  |  | $ | 434,447 |
Schedule of Contract Asset and Liabilities Balances Activity | The table below depicts our contract asset and liability balances at December 31, 2024 and March 31, 2025:
|  |  |  | Contract Assets |  | Contract Liabilities
|  |  |  | Other Assets |  | Accrued Liabilities |  | Other Long-Term Liabilities
Balance at December 31, 2024 |  |  |  | $ | 5,174 |  |  | $ | 41,618 |  |  | $ | 82,164 |
Balance at March 31, 2025 |  |  |  | 5,834 |  |  | 37,988 |  |  | 77,114 |
For the three months ended March 31, 2025 and 2024, we recognized revenue of $11.0 million and $3.1 million, respectively, that was included in contract liabilities at the beginning of the period.
Schedule of Revenue Expected to be Recognized in Future Periods | The following chart depicts how we expect to recognize revenues for future periods related to these contracts:
| Offshore Pipeline Transportation |  |  | Onshore Transportation and Services
Remainder of 2025 | $ | 116,183 |  |  |  | $ | 22,270 |
2026 | 121,034 |  |  |  | 29,931 |
2027 | 75,069 |  |  |  | 14,763 |
2028 | 42,184 |  |  |  | 10,000 |
2029 | 30,398 |  |  |  | 2,500 |
Thereafter | 83,887 |  |  |  | — |
Total | $ | 468,755 |  |  |  | $ | 79,464 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- 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
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- 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
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