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Revenue Recognition (Tables)
9 Months Ended
Sep. 30, 2026
Revenue Recognition [Abstract]  
Schedule of Disaggregation of Revenue
The following tables reflect the disaggregation of our revenues by major category for the three months ended September 30, 2026 and 2025, respectively:
Three Months Ended
September 30, 2026
Offshore pipeline transportationMarine transportationOnshore transportation and servicesConsolidated
Fee-based revenues$138,632 $90,064 $18,472 $247,168 
Product sales— — 191,121 191,121 
Sulfur services— — 10,962 10,962 
Total revenues$138,632 $90,064 $220,555 $449,251 
Three Months Ended
September 30, 2025
Offshore pipeline transportationMarine transportationOnshore transportation and servicesConsolidated
Fee-based revenues$143,306 $77,058 $20,759 $241,123 
Product sales— — 157,480 157,480 
Sulfur services— — 15,398 15,398 
Total revenues$143,306 $77,058 $193,637 $414,001 
The following tables reflect the disaggregation of our revenues by major category for the nine months ended September 30, 2026 and 2025, respectively:
Nine Months Ended
September 30, 2026
Offshore pipeline transportationMarine transportationOnshore transportation and servicesConsolidated
Fee-based revenues$446,060 $251,052 $51,207 $748,319 
Product sales— — 635,089 635,089 
Sulfur services— — 44,393 44,393 
Total revenues$446,060 $251,052 $730,689 $1,427,801 
Nine Months Ended
September 30, 2025
Offshore pipeline transportationMarine transportationOnshore transportation and servicesConsolidated
Fee-based revenues$377,563 $237,319 $50,977 $665,859 
Product sales— — 469,628 469,628 
Sulfur services— — 54,173 54,173 
Total revenues$377,563 $237,319 $574,778 $1,189,660 
Schedule of Contract Asset and Liabilities Balances Activity
The table below depicts our contract asset and liability balances at September 30, 2026 and December 31, 2025:
Contract AssetsContract Liabilities
Current Assets - OtherOther Assets, net of amortizationAccrued LiabilitiesOther Long-Term Liabilities
Balance at December 31, 2025
$32 $7,469 $26,982 $78,946 
Balance at September 30, 2026
2,679 4,964 43,484 129,487 
During June 2026, we divested certain of our non-core natural gas pipeline and platform assets in our offshore pipeline transportation segment. As a part of this divestiture, we entered into a long-term agreement with the purchaser whereby we will continue to perform operation and maintenance services related to the divested assets. We received total consideration for our future services upon the execution of the agreement and we will recognize revenue associated with the contract over time as services are rendered.
For the nine months ended September 30, 2026 and 2025, we recognized revenue of $20.7 million and $30.5 million, respectively, that was included in contract liabilities at the beginning of the period.
Schedule of Revenue Expected to be Recognized in Future Periods
The following chart summarizes how we expect to recognize revenue for future periods related to these contracts:
Offshore Pipeline TransportationOnshore Transportation and Services
Remainder of 2026$53,017 $7,573 
2027165,169 12,556 
202883,513 10,000 
202950,240 2,500 
203041,682 — 
Thereafter67,109 — 
Total$460,730 $32,629