Business Consolidation (Tables)

3 Months Ended

9 Months Ended

Sep. 30, 2024

Business Combination and Asset Acquisition [Abstract]

Summary of Unaudited Consolidated Balance Sheet and Statements of Operations

The allocation of the purchase price, as presented within our Condensed Consolidated Balance Sheet as of December 31, 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)
Deferred tax liabilities	(1,482)
Other long-term liabilities	(77,642)

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 Consolidated Balance Sheet.

Schedule of Pro Forma Financial Information

The dilutive effect of our Class A Convertible Preferred Units is calculated using the if-converted method.


	Three Months Ended September 30, 2023		Nine Months Ended September 30, 2023
Consolidated financial operating results:
Revenues	$	807,618	$	2,402,892
Net Income Attributable to Genesis Energy, L.P.	58,070		105,770
Net Income Attributable to Common Unitholders	35,762		36,550
Basic and diluted earnings per common unit:
As reported net income per common unit	$	0.29	$	0.30
Pro forma net income per common unit	$	0.29	$	0.30