v3.26.1
Revenues
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenues

(3) Revenues

The following table sets forth the Company’s revenues by major source (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Marine transportation segment:

 

 

 

 

 

 

 

 

 

 

 

 

Inland transportation

 

$

431,894

 

 

$

397,141

 

 

$

826,019

 

 

$

789,640

 

Coastal transportation

 

 

105,080

 

 

 

95,421

 

 

 

208,138

 

 

 

179,071

 

 

$

536,974

 

 

$

492,562

 

 

$

1,034,157

 

 

$

968,711

 

Distribution and services segment:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

193,886

 

 

$

173,606

 

 

$

355,532

 

 

$

333,834

 

Power generation

 

 

151,317

 

 

 

140,739

 

 

 

303,071

 

 

 

245,241

 

Oil and gas

 

 

40,222

 

 

 

48,548

 

 

 

73,738

 

 

 

93,328

 

 

 

$

385,425

 

 

$

362,893

 

 

$

732,341

 

 

$

672,403

 

Contract liabilities represent advance consideration received from customers, and are recognized as revenue over time or at a point in time as the related performance obligation is satisfied. Revenues recognized during the six months ended June 30, 2026 and 2025 that were included in the opening contract liability balances were $89.6 million and $94.7 million, respectively. The Company presents all contract liabilities within the deferred revenues financial statement caption on the balance sheets. The Company did not have any contract assets as of June 30, 2026 or December 31, 2025.