Business Segment Information (Tables)

9 Months Ended

Sep. 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 September 30, 2024
Segment Margin(1)	$	72,149	$	38,188	$	31,068	$	9,703	$	151,108
Capital expenditures(2)	$	74,461	$	30,280	$	30,424	$	2,112	$	137,277
Revenues:
External customers	$	101,119	$	372,146	$	78,496	$	162,536	$	714,297
Intersegment(3)	—		(2,081)		—		2,081		—
Total revenues of reportable segments	$	101,119	$	370,065	$	78,496	$	164,617	$	714,297
Three Months Ended September 30, 2023
Segment Margin(1)	$	109,267	$	61,957	$	27,126	$	9,547	$	207,897
Capital expenditures(2)	$	149,489	$	36,502	$	12,496	$	6,696	$	205,183
Revenues:
External customers	$	101,985	$	425,913	$	80,220	$	199,500	$	807,618
Intersegment(3)	4,312		(2,338)		—		(1,974)		—
Total revenues of reportable segments	$	106,297	$	423,575	$	80,220	$	197,526	$	807,618
Nine Months Ended September 30, 2024
Segment Margin(1)	$	256,086	$	125,181	$	93,974	$	25,278	$	500,519
Capital expenditures(2)	$	193,875	$	66,986	$	72,266	$	15,325	$	348,452
Revenues:
External customers	$	302,133	$	1,167,325	$	243,941	$	527,264	$	2,240,663
Intersegment(3)	—		(6,318)		—		6,318		—
Total revenues of reportable segments	$	302,133	$	1,161,007	$	243,941	$	533,582	$	2,240,663
Nine Months Ended September 30, 2023
Segment Margin(1)	$	300,505	$	217,319	$	78,578	$	21,242	$	617,644
Capital expenditures(2)	$	293,187	$	83,109	$	32,543	$	10,714	$	419,553
Revenues:
External customers	$	284,839	$	1,337,897	$	240,789	$	539,367	$	2,402,892
Intersegment(3)	4,312		(6,819)		—		2,507		—
Total revenues of reportable segments	$	289,151	$	1,331,078	$	240,789	$	541,874	$	2,402,892

(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:


	September 30, 2024		December 31, 2023
Offshore pipeline transportation	$	2,699,539	$	2,580,032
Soda and sulfur services	2,576,160		2,705,350
Marine transportation	642,190		645,020
Onshore facilities and transportation	1,059,182		1,019,113
Other assets	81,560		69,263
Total consolidated assets	$	7,058,631	$	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 September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Net income (loss) attributable to Genesis Energy, L.P.	$	(17,177)	$	58,070	$	(14,568)	$	105,770
Corporate general and administrative expenses	13,175		18,329		49,231		52,580
Depreciation, depletion, amortization and accretion	84,610		71,099		241,539		218,788
Interest expense, net	71,984		61,580		211,588		184,057
Adjustment to include distributable cash generated by equity investees not included in income and exclude equity in investees net income(1)	6,855		6,387		18,542		18,535
Unrealized losses (gains) on derivative transactions excluding fair value hedges, net of changes in inventory value	1,606		(12,299)		(9,335)		17,721
Other non-cash items	(1,573)		(7,228)		(6,258)		(16,886)


Loss on extinguishment of debt	—		—		1,429		1,812
Differences in timing of cash receipts for certain contractual arrangements(2)	(7,526)		11,385		8,366		33,519





Income tax expense (benefit)	(846)		574		(15)		1,748
Total Segment Margin	$	151,108	$	207,897	$	500,519	$	617,644

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

(2)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.