Business Segment Information (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2024
Segment Margin(1)	$	86,131	$	41,611	$	31,543	$	9,028	$	168,313
Capital expenditures(2)	$	55,788	$	18,106	$	29,532	$	6,692	$	110,118
Revenues:
External customers	$	99,024	$	392,226	$	81,871	$	183,140	$	756,261
Intersegment(3)	—		(2,232)		—		2,232		—
Total revenues of reportable segments	$	99,024	$	389,994	$	81,871	$	185,372	$	756,261
Three Months Ended June 30, 2023
Segment Margin(1)	$	93,300	$	89,255	$	25,758	$	6,305	$	214,618
Capital expenditures(2)	$	91,645	$	26,622	$	10,990	$	2,088	$	131,345
Revenues:
External customers	$	91,459	$	465,077	$	77,343	$	170,783	$	804,662
Intersegment(3)	—		(2,222)		—		2,222		—
Total revenues of reportable segments	$	91,459	$	462,855	$	77,343	$	173,005	$	804,662
Six Months Ended June 30, 2024
Segment Margin(1)	$	183,937	$	86,993	$	62,906	$	15,575	$	349,411
Capital expenditures(2)	$	119,414	$	36,706	$	41,842	$	13,213	$	211,175
Revenues:
External customers	$	201,014	$	795,179	$	165,445	$	364,728	$	1,526,366
Intersegment(3)	—		(4,237)		—		4,237		—
Total revenues of reportable segments	$	201,014	$	790,942	$	165,445	$	368,965	$	1,526,366
Six Months Ended June 30, 2023
Segment Margin(1)	$	191,238	$	155,362	$	51,452	$	11,695	$	409,747
Capital expenditures(2)	$	143,698	$	46,607	$	20,047	$	4,018	$	214,370
Revenues:
External customers	$	182,854	$	911,983	$	160,569	$	339,868	$	1,595,274
Intersegment(3)	—		(4,480)		—		4,480		—
Total revenues of reportable segments	$	182,854	$	907,503	$	160,569	$	344,348	$	1,595,274

(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:


	June 30, 2024		December 31, 2023
Offshore pipeline transportation	$	2,653,561	$	2,580,032
Soda and sulfur services	2,616,451		2,705,350
Marine transportation	639,386		645,020
Onshore facilities and transportation	965,850		1,019,113
Other assets	76,054		69,263
Total consolidated assets	$	6,951,302	$	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 June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Net income (loss) attributable to Genesis Energy, L.P.	$	(8,744)	$	49,344	$	2,609	$	47,700
Corporate general and administrative expenses	20,007		18,487		36,056		34,251
Depreciation, depletion, amortization and accretion	80,386		71,754		156,929		147,689
Interest expense, net	70,870		61,623		139,604		122,477
Adjustment to include distributable cash generated by equity investees not included in income and exclude equity in investees net income(1)	4,879		5,867		11,687		12,148
Unrealized losses (gains) on derivative transactions excluding fair value hedges, net of changes in inventory value	(5,860)		2,888		(10,941)		30,020
Other non-cash items	(2,496)		(7,197)		(4,685)		(9,658)


Loss on extinguishment of debt(2)	1,429		3		1,429		1,812
Differences in timing of cash receipts for certain contractual arrangements(3)	7,820		11,559		15,892		22,134





Income tax expense	22		290		831		1,174
Total Segment Margin	$	168,313	$	214,618	$	349,411	$	409,747

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

(2)The three and six months ended June 30, 2024 includes the write-off of the unamortized issuance costs associated with the redemption of our 2026 Notes. The three and six months ended June 30, 2023 includes transactions costs and the write-off of the related unamortized debt issuance costs associated with the tender and redemption of our 2024 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.