Business Consolidation (Tables)

3 Months Ended

Mar. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Summary of Unaudited Consolidated Balance Sheet and Statements of Operations

The preliminary allocation of the purchase price, as presented within our Unaudited Consolidated Balance Sheet as of March 31, 2023 is summarized as follows:

Cash and cash equivalents	$	4,332
Accounts receivable - trade, net	231,797
Inventories	19,522
Other current assets	14,203
Fixed assets, at cost	4,000
Right of use assets, net	93,208
Other Assets, net of amortization	13,909
Accounts payable - trade(1)	(228,106)
Accrued liabilities	(75,224)
Other long-term liabilities	(77,641)
Net Assets	$	—

(1)The “Accounts payable - trade” balance above includes $133.4 million of payables to Genesis at December 31, 2022 that eliminate upon consolidation into our Unaudited Condensed Consolidated Balance Sheet as of March 31, 2023.

The following table presents selected financial information included in our Unaudited Consolidated Statement of Operations for the period presented:

	Three Months Ended March 31, 2023
Revenues	$	127,142
Net Income Attributable to Genesis Energy, L.P.	1,022

Schedule of Pro Forma Financial Information

The dilutive effect of our preferred units is calculated using the if-converted method.

	Three Months Ended March 31,
	2023		2022
Pro forma consolidated financial operating results:
Revenues	$	790,612	$	759,089
Net Loss Attributable to Genesis Energy, L.P.	(1,644)		(4,228)
Net Loss Attributable to Common Unitholders	(25,646)		(22,912)
Basic and diluted earnings (loss) per common unit:
As reported net loss per common unit	$	(0.21)	$	(0.20)
Pro forma net loss per common unit	$	(0.21)	$	(0.19)