Transactions with Related Parties

3 Months Ended

Mar. 31, 2023

Transactions with ANSAC prior to January 1, 2023 were considered transactions with a related party. As discussed in Note 4, on January 1, 2023, ANSAC became a wholly owned subsidiary of Genesis. For comparability purposes, the transactions reflected in the table below for the period ended March 31, 2022 do not include the activity related to ANSAC.

The transactions with related parties were as follows:


	Three Months Ended March 31,
	2023		2022
Revenues:

Revenues from services and fees to Poseidon(1)	$	3,592	$	3,238



Costs and expenses:
Amounts paid to our CEO in connection with the use of his aircraft	$	165	$	165
Charges for services from Poseidon(1)	282		255

(1)We own a 64% interest in Poseidon.

Our CEO, Mr. Sims, owns an aircraft which is used by us for business purposes in the course of operations. We pay Mr. Sims a fixed monthly fee and reimburse the aircraft management company for costs related to our usage of the aircraft, including fuel and the actual out-of-pocket costs. Based on current market rates for chartering of private aircraft under long-term, priority arrangements with industry recognized chartering companies, we believe that the terms of this arrangement are no worse than what we could have expected to obtain in an arms-length transaction.

Transactions with Unconsolidated Affiliates

Poseidon

We provide management, administrative and pipeline operator services to Poseidon under an Operation and Management Agreement. Currently, that agreement automatically renews annually unless terminated by either party (as defined in the agreement). Our revenues for the three months ended March 31, 2023 and 2022 include $2.5 million and $2.4 million, respectively, of fees we earned through the provision of services under that agreement. At March 31, 2023 and December 31, 2022, Poseidon owed us $1.5 million and $2.4 million, respectively, for services rendered.