Business Consolidation (Tables)

3 Months Ended

Jun. 30, 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 Condensed Consolidated Balance Sheet as of June 30, 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
Intangible assets, net of amortization	11,181
Other Assets, net of amortization	2,728
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 June 30, 2023.

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

	Three Months Ended June 30, 2023		Six Months Ended June 30, 2023
Revenues	$	102,312	$	229,454
Net Income Attributable to Genesis Energy, L.P.	4,249		5,271

Schedule of Pro Forma Financial Information

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Pro forma consolidated financial operating results:
Revenues	$	804,662	$	824,037	$	1,595,274	$	1,583,126
Net Income Attributable to Genesis Energy, L.P.	49,344		39,596		47,700		35,368
Net Income (Loss) Attributable to Common Unitholders	26,434		20,912		788		(2,000)
Basic and diluted earnings (loss) per common unit:
As reported net income (loss) per common unit	$	0.22	$	0.14	$	0.01	$	(0.06)
Pro forma net income (loss) per common unit	$	0.22	$	0.17	$	0.01	$	(0.02)