Revenue Recognition

3 Months Ended

Mar. 31, 2023

Revenue Recognition [Abstract]

Revenue Recognition

Revenue Recognition

Revenue from Contracts with Customers

The following tables reflect the disaggregation of our revenues by major category for the three months ended March 31, 2023 and 2022, respectively:

	Three Months Ended March 31, 2023
	Offshore Pipeline Transportation		Soda & Sulfur Services		Marine Transportation		Onshore Facilities and Transportation		Consolidated
Fee-based revenues	$	91,395	$	—	$	83,226	$	14,184	$	188,805
Product Sales	—		422,824		—		157,159		579,983
Refinery Services	—		21,824		—		—		21,824
	$	91,395	$	444,648	$	83,226	$	171,343	$	790,612

	Three Months Ended March 31, 2022
	Offshore Pipeline Transportation		Soda & Sulfur Services		Marine Transportation		Onshore Facilities & Transportation		Consolidated
Fee-based revenues	$	68,068	$	—	$	55,774	$	13,631	$	137,473
Product Sales	—		258,775		—		208,800		467,575
Refinery Services	—		26,899		—		—		26,899
	$	68,068	$	285,674	$	55,774	$	222,431	$	631,947

The Company recognizes revenue upon the satisfaction of its performance obligations under its contracts. The timing of revenue recognition varies for our different revenue streams. In general, the timing includes recognition of revenue over time as services are being performed as well as recognition of revenue at a point in time for delivery of products.

Contract Assets and Liabilities

We did not have any contract assets at December 31, 2022 or March 31, 2023. The table below depicts our contract liability balances at December 31, 2022 and March 31, 2023:

	Contract Liabilities
	Accrued Liabilities		Other Long-Term Liabilities
Balance at December 31, 2022	$	2,087	$	64,478
Balance at March 31, 2023	4,342		74,954

Transaction Price Allocations to Remaining Performance Obligations

We are required to disclose the aggregate amount of our transaction prices that are allocated to unsatisfied performance obligations as of March 31, 2023. However, we are permitted to utilize the following exemptions:

1)Performance obligations that are part of a contract with an expected duration of one year or less;

2)Revenue recognized from the satisfaction of performance obligations where we have a right to consideration in an amount that corresponds directly with the value provided to customers; and

3)Contracts that contain variable consideration, such as index-based pricing or variable volumes, that is allocated entirely to a wholly unsatisfied performance obligation or to a wholly unsatisfied promise to transfer a distinct good or service that is part of a series.

The majority of our contracts qualify for one of these exemptions. For the remaining contract types that involve revenue recognition over a long-term period and include long-term fixed consideration (adjusted for indexing as required), we determined our allocations of transaction price that relate to unsatisfied performance obligations. For our tiered pricing offshore transportation contracts, we provide firm capacity for both fixed and variable consideration over a long term period. Therefore, we have allocated the remaining contract value to future periods.

The following chart depicts how we expect to recognize revenues for future periods related to these contracts:

	Offshore Pipeline Transportation		Onshore Facilities and Transportation
Remainder of 2023	$	58,698	$	5,400
2024	74,163		1,800
2025	78,604		—
2026	52,006		—
2027	14,743		—
Thereafter	43,006		—
Total	$	321,220	$	7,200