Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Segment Reporting Information, by Segment

Segment information for the periods presented below was as follows:


	Offshore Pipeline Transportation		Soda and Sulfur Services		Marine Transportation		Onshore Facilities and Transportation		Total
Three Months Ended March 31, 2024
Segment Margin(1)	$	97,806	$	45,382	$	31,363	$	6,547	$	181,098
Capital expenditures(2)	$	63,626	$	18,600	$	12,310	$	6,521	$	101,057
Revenues:
External customers	$	101,990	$	402,954	$	83,574	$	181,587	$	770,105
Intersegment(3)	—		(2,006)		—		2,006		—
Total revenues of reportable segments	$	101,990	$	400,948	$	83,574	$	183,593	$	770,105
Three Months Ended March 31, 2023
Segment Margin(1)	$	97,938	$	66,107	$	25,694	$	5,390	$	195,129
Capital expenditures(2)	$	52,053	$	19,985	$	9,057	$	1,930	$	83,025
Revenues:
External customers	$	91,395	$	446,906	$	83,226	$	169,085	$	790,612
Intersegment(3)	—		(2,258)		—		2,258		—
Total revenues of reportable segments	$	91,395	$	444,648	$	83,226	$	171,343	$	790,612

(1)A reconciliation of Net income (loss) attributable to Genesis Energy, L.P. to total Segment Margin for the periods is presented below.

(2)Capital expenditures include maintenance and growth capital expenditures, such as fixed asset additions (including enhancements to existing facilities and construction of growth projects) as well as contributions to equity investees, if any.

(3)Intersegment sales were conducted under terms that we believe were no more or less favorable than then-existing market conditions.

Total assets by reportable segment were as follows:


	March 31, 2024		December 31, 2023
Offshore pipeline transportation	$	2,626,821	$	2,580,032
Soda and sulfur services	2,637,632		2,705,350
Marine transportation	640,032		645,020
Onshore facilities and transportation	963,604		1,019,113
Other assets	77,169		69,263
Total consolidated assets	$	6,945,258	$	7,018,778

Reconciliation of Segment Margin to (Loss) Income from Continuing Operations

Reconciliation of Net income (loss) attributable to Genesis Energy, L.P. to total Segment Margin:


	Three Months Ended March 31,
	2024		2023
Net income (loss) attributable to Genesis Energy, L.P.	$	11,353	$	(1,644)
Corporate general and administrative expenses	16,049		15,764
Depreciation, depletion, amortization and accretion	76,543		75,935
Interest expense, net	68,734		60,854
Adjustment to include distributable cash generated by equity investees not included in income and exclude equity in investees net income(1)	6,808		6,281
Unrealized losses (gains) on derivative transactions excluding fair value hedges, net of changes in inventory value	(5,081)		27,132
Other non-cash items	(2,189)		(2,461)


Loss on extinguishment of debt(2)	—		1,809
Differences in timing of cash receipts for certain contractual arrangements(3)	8,072		10,575





Income tax expense	809		884
Total Segment Margin	$	181,098	$	195,129

(1)Includes distributions attributable to the quarter and received during or promptly following such quarter.

(2)The 2023 Quarter includes the transaction costs associated with the tender and redemption of our 2024 Notes, as well as the write-off of the unamortized issuance costs associated with these notes.

(3)Includes the difference in timing of cash receipts from customers during the period and the revenue we recognize in accordance with GAAP on our related contracts.