v3.25.2
Revenues
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
The following table represents a disaggregation of revenue for the gathering and processing, wholesale marketing and terminalling, and storage and transportation segments for the periods indicated (in thousands):
Three Months Ended June 30, 2025
Gathering and ProcessingWholesale Marketing and TerminallingStorage and TransportationConsolidated
Service Revenue - Third Party$20,526 $— $1,350 $21,876 
Service Revenue - Affiliate (1)
1,521 6,695 13,636 21,852 
Product Revenue - Third Party58,143 52,248 — 110,391 
Product Revenue - Affiliate664 36,533 — 37,197 
Lease Revenue - Affiliate36,913 9,139 8,982 55,034 
Total Revenue$117,767 $104,615 $23,968 $246,350 
Three Months Ended June 30, 2024
Gathering and ProcessingWholesale Marketing and TerminallingStorage and TransportationConsolidated
Service Revenue - Third Party$13,435 $— $1,985 $15,420 
Service Revenue - Affiliate (1)
3 14,252 13,710 27,965 
Product Revenue - Third Party27,679 64,701 — 92,380 
Product Revenue - Affiliate4,452 42,551 — 47,003 
Lease Revenue - Affiliate47,074 14,096 20,690 81,860 
Total Revenue$92,643 $135,600 $36,385 $264,628 
Six Months Ended June 30, 2025
Gathering and ProcessingWholesale Marketing and Terminalling Storage and TransportationConsolidated
Service Revenue - Third Party$38,980 $— $2,932 $41,912 
Service Revenue - Affiliate (1)
3,027 13,352 27,610 43,989 
Product Revenue - Third Party119,725 94,239 — 213,964 
Product Revenue - Affiliate3,883 85,859 — 89,742 
Lease Revenue - Affiliate70,755 17,864 18,054 106,673 
Total Revenue$236,370 $211,314 $48,596 $496,280 
Six Months Ended June 30, 2024
Gathering and ProcessingWholesale Marketing and Terminalling Storage and TransportationConsolidated
Service Revenue - Third Party$36,820 $— $4,717 $41,537 
Service Revenue - Affiliate (1)
5 27,468 27,255 54,728 
Product Revenue - Third Party47,624 131,089 — 178,713 
Product Revenue - Affiliate8,402 70,297 — 78,699 
Lease Revenue - Affiliate
95,675 26,016 41,335 163,026 
Total Revenue$188,526 $254,870 $73,307 $516,703 
(1) Net of $1.8 million and $3.6 million for the three and six months ended June 30, 2024, related to marketing contract intangible recorded in the wholesale marketing and terminalling segment. For the three and six months ended June 30, 2025, no amortization was recorded related to this intangible, as the associated agreement was terminated on August 5, 2024.
As of June 30, 2025, we expect to recognize approximately $0.6 billion in service revenues related to our unfulfilled performance obligations pertaining to the minimum volume commitments and capacity utilization under the non-cancelable terms of our commercial agreements with Delek Holdings. Most of these agreements have an initial term ranging from five to ten years, which may be extended for various renewal terms. We disclose information about remaining performance obligations that have original expected durations of greater than one year.
Our unfulfilled performance obligations as of June 30, 2025, were as follows (in thousands):
Remainder of 2025$73,843 
2026126,578 
2027126,578 
202881,108 
2029 and thereafter174,001 
Total expected revenue on remaining performance obligations$582,108