Business Consolidation (Tables)

3 Months Ended

Sep. 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 September 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	14,992
Other Assets, net of amortization	400
Accounts payable - trade(1)	(228,106)
Accrued liabilities	(75,224)
Other long-term liabilities	(79,124)
Net Assets	$	—

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

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

	Three Months Ended September 30, 2023		Nine Months Ended September 30, 2023
Revenues	$	92,399	$	321,853
Net Income Attributable to Genesis Energy, L.P.	5,373		10,644

Schedule of Pro Forma Financial Information

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Pro forma consolidated financial operating results:
Revenues	$	807,618	$	813,647	$	2,402,892	$	2,396,773
Net Income Attributable to Genesis Energy, L.P.	58,070		8,758		105,770		44,126
Net Income (Loss) Attributable to Common Unitholders	35,762		(9,926)		36,550		(11,926)
Basic and diluted earnings (loss) per common unit:
As reported net income (loss) per common unit	$	0.29	$	(0.12)	$	0.30	$	(0.18)
Pro forma net income (loss) per common unit	$	0.29	$	(0.08)	$	0.30	$	(0.10)