XML 40 R28.htm IDEA: XBRL DOCUMENT
v3.25.3

Revenue Recognition (Tables) | 9 Months Ended
--- | ---
Sep. 30, 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 September 30, 2025 and 2024, respectively:
| Three Months Ended September 30, 2025
| Offshore pipeline transportation |  | Marine transportation |  | Onshore transportation and services |  | Consolidated
Fee-based revenues | $ | 143,306 |  |  | $ | 77,058 |  |  | $ | 20,759 |  |  | $ | 241,123 |
Product sales | — |  |  | — |  |  | 157,480 |  |  | 157,480 |
Sulfur services | — |  |  | — |  |  | 15,398 |  |  | 15,398 |
Total revenues | $ | 143,306 |  |  | $ | 77,058 |  |  | $ | 193,637 |  |  | $ | 414,001 |
| Three Months Ended September 30, 2024
| Offshore pipeline transportation |  | Marine transportation |  | Onshore transportation and services |  | Consolidated
Fee-based revenues | $ | 101,119 |  |  | $ | 78,496 |  |  | $ | 15,363 |  |  | $ | 194,978 |
Product sales | — |  |  | — |  |  | 185,267 |  |  | 185,267 |
Sulfur services | — |  |  | — |  |  | 17,046 |  |  | 17,046 |
Total revenues | $ | 101,119 |  |  | $ | 78,496 |  |  | $ | 217,676 |  |  | $ | 397,291 |
The following tables reflect the disaggregation of our revenues by major category for the nine months ended September 30, 2025 and 2024, respectively:
| Nine Months Ended September 30, 2025
| Offshore pipeline transportation |  | Marine transportation |  | Onshore transportation and services |  | Consolidated
Fee-based revenues | $ | 377,563 |  |  | $ | 237,319 |  |  | $ | 50,977 |  |  | $ | 665,859 |
Product sales | — |  |  | — |  |  | 469,628 |  |  | 469,628 |
Sulfur services | — |  |  | — |  |  | 54,173 |  |  | 54,173 |
Total revenues | $ | 377,563 |  |  | $ | 237,319 |  |  | $ | 574,778 |  |  | $ | 1,189,660 |
| Nine Months Ended September 30, 2024
| Offshore pipeline transportation |  | Marine transportation |  | Onshore transportation and services |  | Consolidated
Fee-based revenues | $ | 302,133 |  |  | $ | 243,941 |  |  | $ | 44,849 |  |  | $ | 590,923 |
Product sales | — |  |  | — |  |  | 610,635 |  |  | 610,635 |
Sulfur services | — |  |  | — |  |  | 60,359 |  |  | 60,359 |
Total revenues | $ | 302,133 |  |  | $ | 243,941 |  |  | $ | 715,843 |  |  | $ | 1,261,917 |
We
Schedule of Contract Asset and Liabilities Balances Activity | The table below depicts our contract asset and liability balances at September 30, 2025 and December 31, 2024:
|  |  |  | 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 September 30, 2025 |  |  |  | 7,049 |  |  | 30,023 |  |  | 70,161 |
For the nine months ended September 30, 2025 and 2024, we recognized revenue of $30.5 million and $9.1 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 | $ | 63,574 |  |  |  | $ | 7,474 |
2026 | 208,220 |  |  |  | 29,931 |
2027 | 139,001 |  |  |  | 14,022 |
2028 | 61,214 |  |  |  | 10,000 |
2029 | 30,361 |  |  |  | 2,500 |
Thereafter | 83,789 |  |  |  | — |
Total | $ | 586,159 |  |  |  | $ | 63,927 |

X
- 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
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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_RevenueRecognitionAbstract
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