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Business Segments (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables present selected financial information with respect to the Partnership's operating segments for the years ended December 31, 2024, 2023 and 2022.

			Terminalling and Storage						Transportation						Sulfur Services						Specialty Products						Indirect selling, general and administrative						Total
Year Ended December 31, 2024:
Operating revenues from external customers			$	89,067					$	223,934					$	129,771					$	264,850					$	—					$	707,622
Intersegment operating revenues			7,488						15,873						1						95						—						23,457
Total segment revenues			96,555						239,807						129,772						264,945						—						731,079
Reconciliation of revenues:
Elimination of intersegment revenues			(7,488)						(15,873)						(1)						(95)						—						(23,457)
Total consolidated revenues			89,067						223,934						129,771						264,850						—						707,622
Less: cost of products sold:
Direct product costs			—						—						58,102						217,866						—						275,968
Manufacturing costs (plant, labor, transportation, and other)			72						—						21,882						19,536						—						41,490
Segment gross margin			96,483						239,807						49,788						27,543						—						413,621
Less:
Employment related expenses2			25,714						60,882						9,148						5,941						12,267						113,952
Driver pay			—						50,573						—						—						—						50,573
Pass-through expenses			—						24,454						2,925						—						—						27,379
Utilities, materials, and supplies			13,591						2,254						794						137						—						16,776
Repairs and maintenance			5,776						18,219						706						15						—						24,716
Insurance related expenses			6,914						15,083						730						125						825						23,677
Lease expenses			4,268						16,548						414						121						—						21,351
Other segment expenses1			7,470						9,296						4,473						996						6,464						28,699
Depreciation and amortization			22,757						13,027						11,769						3,234						—						50,787
(Gain) loss on sale or disposition of property, plant and equipment			(1,105)						(713)						298						(64)						—						(1,584)
			85,385						209,623						31,257						10,505						19,556						356,326
Operating income (loss)			$	11,098					$	30,184					$	18,531					$	17,038					$	(19,556)					$	57,295
Segment assets			$	180,769					$	165,093					$	126,074					$	66,573					$	—					$	538,509
Capital expenditures and plant turnaround costs			$	13,764					$	9,188					$	26,380					$	3,291					$	—					$	52,623

1 Other segment expenses include outside services, property taxes, terminalling fees, regulatory expenses, professional fees, communications expenses, and many other less significant expense categories used in operations. The Unallocated SG&A amount includes $3,674 in transaction expenses associated with the terminated Merger with Martin Resource Management Corporation. See “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations – Significant Recent Developments – Termination of Merger Agreement.”

2 These employment expenses include allocated overhead from Martin Resource Management Corporation and exclude those that are part of our manufacturing operations. Payroll expenses in our manufacturing operations are included in cost of products sold.

			Terminalling and Storage						Transportation						Sulfur Services						Specialty Products						Indirect selling, general and administrative						Total
Year Ended December 31, 2023:
Operating revenues from external customers			$	86,514					$	223,677					$	140,995					$	346,777					$	—					$	797,963
Intersegment operating revenues			8,945						17,249						—						86						—						26,280
Total segment revenues			95,459						240,926						140,995						346,863						—						824,243
Reconciliation of revenues:
Elimination of intersegment revenues			(8,945)						(17,249)						—						(86)						—						(26,280)
Total consolidated revenues			86,514						223,677						140,995						346,777						—						797,963
																																	—
Less: cost of products sold:
Direct product costs			—						—						75,002						294,005						—						369,007
Manufacturing costs (plant, labor, transportation, and other)			75						—						18,839						25,195						—						44,109
Segment gross margin			95,384						240,926						47,154						27,663						—						411,127
Less:
Employment related expenses2			23,018						56,244						7,997						5,463						12,755						105,477
Driver pay			—						52,650						—						—												52,650
Pass-through expenses			—						27,196						3,657						—												30,853
Utilities, materials, and supplies			16,863						2,134						1,225						157												20,379
Repairs and maintenance			4,259						22,582						340						45												27,226
Insurance related expenses			4,525						14,056						759						122												19,462
Lease expenses			3,779						11,544						375						135												15,833
Other segment expenses1			7,019						7,715						4,716						1,276						3,275						24,001
Depreciation and amortization			21,030						14,879						10,690						3,296						—						49,895
(Gain) loss on sale or disposition of property, plant and equipment			359						(1,775)						(17)						60						—						(1,373)
			80,852						207,225						29,742						10,554						16,030						344,403
Operating income (loss)			$	14,532					$	33,701					$	17,412					$	17,109					$	(16,030)					$	66,724
Segment assets			$	171,320					$	161,506					$	103,779					$	72,770					$	—					$	509,375
Capital expenditures and plant turnaround costs			$	13,168					$	7,598					$	16,851					$	2,519					$	—					$	40,136

1 Other segment expenses include outside services, property taxes, terminalling fees, regulatory expenses, professional fees, communications expenses, and many other less significant expense categories used in operations.

2 These employment expenses include allocated overhead from Martin Resource Management Corporation and exclude those that are part of our manufacturing operations. Payroll expenses in our manufacturing operations are included in cost of products sold.

			Terminalling and Storage						Transportation						Sulfur Services						Specialty Products						Indirect selling, general and administrative						Total
Year Ended December 31, 2022:
Operating revenues from external customers			$	80,193					$	219,008					$	179,164					$	540,513					$	—					$	1,018,878
Intersegment operating revenues			12,419						20,267						—						123						—						32,809
Total segment revenue			92,612						239,275						179,164						540,636						—						1,051,687
Reconciliation of revenues:
Elimination of intersegment revenues			(12,419)						(20,267)						—						(123)						—						(32,809)
Total consolidated revenues			80,193						219,008						179,164						540,513						—						1,018,878
																																	—
Less: cost of products sold:
Direct product costs			—						—						96,793						479,301						—						576,094
Manufacturing costs (plant, labor, transportation, and other)			19						—						30,225						46,742						—						76,986
Segment gross margin			92,593						239,275						52,146						14,593						—						398,607
Less:
Employment related expenses2			22,612						50,626						8,137						7,200						13,715						102,290
Driver pay			—						52,178						—						—												52,178
Pass-through expenses			13						33,998						4,332						—												38,343
Utilities, materials, and supplies			17,996						2,172						1,131						180												21,479
Repairs and maintenance			3,937						20,900						613						61												25,511
Insurance related expenses			4,964						10,499						1,115						194						2						16,774
Lease expenses			8,432						6,352						303						143												15,230
Other segment expenses1			7,190						7,688						5,785						1,068						3,197						24,928
Depreciation and amortization			26,094						14,567						11,099						4,520						—						56,280
(Gain) loss on sale of property, plant and equipment			166						(1,062)						(4,555)						(218)						—						(5,669)
			91,404						197,918						27,960						13,148						16,914						347,344
Operating income (loss)			$	1,189					$	41,357					$	24,186					$	1,445					$	(16,914)					$	51,263
Segment assets			$	184,537					$	153,451					$	110,688					$	150,175					$	—					$	598,851
Capital expenditures and plant turnaround costs			$	15,308					$	7,619					$	6,857					$	1,349					$	—					$	31,133

1 Other segment expenses include outside services, property taxes, terminalling fees, regulatory expenses, professional fees, communications expenses, and many other less significant expense categories used in operations.

2 These employment expenses include allocated overhead from Martin Resource Management Corporation and exclude those that are part of our manufacturing operations. Payroll expenses in our manufacturing operations are included in cost of products sold.

X

- 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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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

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- References

No definition available.

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