Schedule of Disaggregation of Revenue |
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 Processing | | Wholesale Marketing and Terminalling | | Storage and Transportation | | | | | | Consolidated | 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 Party | 58,143 | | | 52,248 | | | — | | | | | | | 110,391 | | Product Revenue - Affiliate | 664 | | | 36,533 | | | — | | | | | | | 37,197 | | Lease Revenue - Affiliate | 36,913 | | | 9,139 | | | 8,982 | | | | | | | 55,034 | | Total Revenue | $ | 117,767 | | | $ | 104,615 | | | $ | 23,968 | | | | | | | $ | 246,350 | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | Gathering and Processing | | Wholesale Marketing and Terminalling | | Storage and Transportation | | | | | | Consolidated | Service Revenue - Third Party | $ | 13,435 | | | $ | — | | | $ | 1,985 | | | | | | | $ | 15,420 | | Service Revenue - Affiliate (1) | 3 | | | 14,252 | | | 13,710 | | | | | | | 27,965 | | Product Revenue - Third Party | 27,679 | | | 64,701 | | | — | | | | | | | 92,380 | | Product Revenue - Affiliate | 4,452 | | | 42,551 | | | — | | | | | | | 47,003 | | Lease Revenue - Affiliate | 47,074 | | | 14,096 | | | 20,690 | | | | | | | 81,860 | | Total Revenue | $ | 92,643 | | | $ | 135,600 | | | $ | 36,385 | | | | | | | $ | 264,628 | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | Gathering and Processing | | Wholesale Marketing and Terminalling | | Storage and Transportation | | | | | | Consolidated | 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 Party | 119,725 | | | 94,239 | | | — | | | | | | | 213,964 | | Product Revenue - Affiliate | 3,883 | | | 85,859 | | | — | | | | | | | 89,742 | | Lease Revenue - Affiliate | 70,755 | | | 17,864 | | | 18,054 | | | | | | | 106,673 | | Total Revenue | $ | 236,370 | | | $ | 211,314 | | | $ | 48,596 | | | | | | | $ | 496,280 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2024 | | Gathering and Processing | | Wholesale Marketing and Terminalling | | Storage and Transportation | | Consolidated | Service Revenue - Third Party | $ | 36,820 | | | $ | — | | | $ | 4,717 | | | $ | 41,537 | | Service Revenue - Affiliate (1) | 5 | | | 27,468 | | | 27,255 | | | 54,728 | | Product Revenue - Third Party | 47,624 | | | 131,089 | | | — | | | 178,713 | | Product Revenue - Affiliate | 8,402 | | | 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.
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