Equity Investees (Tables)

9 Months Ended

Sep. 30, 2023

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Consolidated Financial Statements Related to Equity Investees

The following table presents information included in our Unaudited Condensed Consolidated Financial Statements related to our equity investees:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Genesis’ share of operating earnings	$	20,908	$	16,802	$	60,304	$	50,950
Amortization of differences attributable to Genesis’ carrying value of equity investments	(3,566)		(3,566)		(10,698)		(10,698)
Net equity in earnings	$	17,242	$	13,236	$	49,606	$	40,252
Distributions received(1)	$	23,629	$	18,483	$	68,141	$	56,233

(1) Includes distributions attributable to the period and received during or within 15 days following the period.

Schedule of Balance Sheet Information for Equity Investees

The following tables present the unaudited balance sheets and statements of operations information (on a 100% basis) for Poseidon Oil Pipeline Company, L.L.C. (“Poseidon,” and its pipeline and associated assets, the “Poseidon pipeline”) (which we own 64% of and is our most significant equity investment):

	September 30, 2023		December 31, 2022
BALANCE SHEETS DATA:
Assets
Current assets	$	21,428	$	27,878
Fixed assets, net	143,258		147,505
Other assets	16,629		13,419
Total assets	$	181,315	$	188,802
Liabilities and equity
Current liabilities	$	8,854	$	10,087
Other liabilities	240,553		236,813
Equity (Deficit)	(68,092)		(58,098)
Total liabilities and equity	$	181,315	$	188,802

Schedule Of Operations For Equity Investees

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
STATEMENTS OF OPERATIONS DATA:
Revenues	$	43,316	$	38,322	$	123,462	$	104,891
Operating income	$	33,213	$	27,731	$	94,216	$	75,540
Net income	$	29,117	$	25,502	$	83,106	$	70,850