Derivatives (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Outstanding Derivatives Entered Into Hedge Inventory or Fixed Price Purchase Commitments

At December 31, 2023, we had the following outstanding derivative contracts that were entered into to economically hedge inventory, fixed price purchase commitments or forecasted purchases.

	Sell (Short) Contracts		Buy (Long) Contracts
Designated as hedges under accounting rules:
Crude oil futures:
Contract volumes (1,000 Bbls)	234		29
Weighted average contract price per Bbl	$	74.71	74.89
Not qualifying or not designated as hedges under accounting rules:
Crude oil futures:
Contract volumes (1,000 Bbls)	8		1
Weighted average contract price per Bbl	$	74.89	$	74.89
Natural gas swaps:
Contract volumes (10,000 MMBtu)	—		1,323
Weighted average price differential per MMBtu	$	—	$	0.56
Natural gas futures:
Contract volumes (10,000 MMBtu)	210		1,344
Weighted average contract price per MMBtu	$	2.54	$	3.58
Natural gas options:
Contract volumes (10,000 MMBtu)	6		3
Weighted average premium received/paid	$	0.75	$	0.02
Bunker fuel futures:
Contract volumes (metric tons "MT")	—		62,000
Weighted average price per MT	$	—	$	537.45
DOE diesel options:
Contract volumes (1,000 Gal)	—		2,750
Weighted average premium received/paid	$	—	$	0.33

Schedule of Accounting Treatment And Classification of Derivative Instruments

The following table summarizes the accounting treatment and classification of our derivative instruments on our Consolidated Financial Statements.

Derivative Instrument	Hedged Risk	Impact of Unrealized Gains and Losses
		Consolidated Balance Sheets	Consolidated Statements of Operations
Designated as hedges under accounting guidance:
Crude oil futures contracts (fair value hedge)	Volatility in crude oil prices - effect on market value of inventory	Derivatives are recorded in “Current Assets - Other” (offset against margin deposits) and offsetting change in fair value of inventory is recorded  in “Inventories”	Excess, if any, over effective portion of hedge is recorded in “Onshore facilities and transportation product costs” Effective portion is offset in cost of sales against change in value of inventory being hedged
Not qualifying or not designated as hedges under accounting guidance:
Hedges consisting of crude oil, heating oil, fuel oil, bunker fuel, diesel fuel, petroleum products and natural gas futures, forward contracts, swaps and put and call options	Volatility in crude oil, natural gas, bunker fuel, diesel fuel and petroleum products prices - effect on market value of inventory, fixed price purchase commitments or forecasted purchases	Natural gas swap derivatives are recorded in “Current Assets - Accounts receivable - trade, net” or “Current liabilities - Accrued liabilities” Other derivatives are recorded in “Current Assets - Other” (offset against margin deposits)	Entire amount of change in fair value of derivative is recorded in “Onshore facilities and transportation costs - product costs” and “Soda and sulfur services operating costs”
Preferred Distribution Rate Reset Election	This instrument is not related to a specific risk, but is a part of a host contract with the issuance of our Class A Convertible Preferred Units	Derivative no longer existed as of December 31, 2022.	Entire amount of change in fair value of derivative is recorded in “Other expense, net”

Schedule of Fair Value of Derivative Assets And Liabilities

The following tables reflect the estimated fair value position of our derivatives at December 31, 2023 and 2022:

Fair Value of Derivative Assets and Liabilities

		Fair Value
	Consolidated Balance Sheets Location	December 31, 2023		December 31, 2022
Asset Derivatives:
Natural Gas Swap (undesignated hedge)	Current Assets - Accounts receivable - trade, net	3,710		36,844
Commodity derivatives—futures and put and call options (undesignated hedges):
Gross amount of recognized assets	Current Assets - Other(1)	$	1,235	$	1,238
Gross amount offset in the Consolidated Balance Sheets	Current Assets - Other(1)	(1,235)		(1,238)
Net amount of assets presented in the Consolidated Balance Sheets		$	—	$	—
Commodity derivatives—futures (designated hedges):
Gross amount of recognized assets	Current Assets - Other(1)	$	716	$	—
Gross amount offset in the Consolidated Balance Sheets	Current Assets - Other(1)	(716)		—
Net amount of assets presented in the Consolidated Balance Sheets		$	—	$	—
Liability Derivatives:
Natural Gas Swap (undesignated hedge)	Current Liabilities - Accrued Liabilities	(5,536)		(4,692)
Commodity derivatives—futures and put and call options (undesignated hedges):
Gross amount of recognized liabilities	Current Assets - Other(1)	$	(12,384)	$	(11,061)
Gross amount offset in the Consolidated Balance Sheets	Current Assets - Other(1)	12,384		5,217
Net amount of liabilities presented in the Consolidated Balance Sheets		$	—	$	(5,844)
Commodity derivatives—futures (designated hedges):
Gross amount of recognized liabilities	Current Assets - Other(1)	$	(120)	$	—
Gross amount offset in the Consolidated Balance Sheets	Current Assets - Other(1)	120		—
Net amount of liabilities presented in the Consolidated Balance Sheets		$	—	$	—

(1)As noted above, our exchange-traded derivatives are transacted through brokerage accounts and subject to margin requirements. We offset fair value amounts recorded for our exchange-traded derivative contracts against required margin deposits recorded in our Consolidated Balance Sheets under “Current Assets - Other”.

Schedule of Effect on Consolidated Statements of Operations And Other Comprehensive Income (Loss)

Effect on Operating Results

		Amount of Gain (Loss) Recognized in Income (Loss)
		Year Ended December 31,
	Consolidated Statements of Operations Location	2023		2022		2021
Commodity derivatives—futures and options:
Contracts designated as hedges under accounting guidance	Onshore facilities and transportation product costs	$	617	$	1,403	$	(7,634)
Contracts not considered hedges under accounting guidance	Onshore facilities and transportation product costs, soda and sulfur services operating costs	(21,372)		6,013		(8,891)
Total commodity derivatives		$	(20,755)	$	7,416	$	(16,525)
Natural gas swaps	Soda and sulfur services operating costs	6,953		$	31,904	$	1,174
Preferred Distribution Rate Reset Election	Other expense, net	$	—	$	(18,584)	$	(30,838)