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Segment Reporting
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
We operate and report in three business segments: (i) crude oil marketing, transportation and storage; (ii) tank truck transportation of liquid chemicals, pressurized gases, asphalt and dry bulk; and (iii) pipeline transportation, terminalling and storage of crude oil.

Financial information by reporting segment was as follows for the periods indicated (in thousands):

Reporting Segments
Crude Oil MarketingTransportationPipeline and storageOtherTotal
Three Months Ended June 30, 2022
Segment revenues (1)
$962,516 $29,621 $2,060 $— $994,197 
Less: Intersegment revenues (1)
— (87)(2,060)— (2,147)
Revenues$962,516 $29,534 $— $— $992,050 
Segment operating earnings (losses) (2)
5,111 2,937 (877)— 7,171 
Depreciation and amortization1,894 2,923 271 — 5,088 
Property and equipment additions (3) (4)
884 159 46 — 1,089 
Three Months Ended June 30, 2021
Segment revenues (1)
$463,092 $23,535 $651 $— $487,278 
Less: Intersegment revenues (1)
— (38)(496)— (534)
Revenues$463,092 $23,497 $155 $— $486,744 
Segment operating earnings (losses) (2)
8,370 1,482 (556)— 9,296 
Depreciation and amortization1,641 2,937 223 — 4,801 
Property and equipment additions (3) (4)
492 2,761 179 — 3,432 
Six Months Ended June 30, 2022
Segment revenues (1)
$1,710,071 $56,398 $4,120 $— $1,770,589 
Less: Intersegment revenues (1)
— (174)(4,120)— (4,294)
Revenues$1,710,071 $56,224 $— $— $1,766,295 
Segment operating earnings (losses) (2)
15,231 5,805 (1,699)— 19,337 
Depreciation and amortization3,682 5,880 539 — 10,101 
Property and equipment additions (3) (4)
4,008 694 73 8 4,783 
Six Months Ended June 30, 2021
Segment revenues (1)
$767,115 $44,803 $1,070 $— $812,988 
Less: Intersegment revenues (1)
— (71)(682)— (753)
Revenues$767,115 $44,732 $388 $— $812,235 
Segment operating earnings (losses) (2)
15,388 2,256 (1,121)— 16,523 
Depreciation and amortization3,439 5,938 477 — 9,854 
Property and equipment additions(3) (4) (5)
702 2,703 189 8 3,602 
_______________
(1)Segment revenues include intersegment amounts that are eliminated due to consolidation in operating costs and expenses in our unaudited condensed consolidated statements of operations. Intersegment activities are conducted at posted tariff rates where applicable, or otherwise at rates similar to those charged to third parties or rates that we believe approximate market at the time the agreement is executed.
(2)Our crude oil marketing segment’s operating earnings included inventory valuation losses of $1.5 million and inventory liquidation gains of $3.7 million for the three months ended June 30, 2022 and 2021, respectively. For the six months ended June 30, 2022 and 2021, our crude oil marketing segment’s operating earnings included inventory liquidation gains of $7.2 million and $10.6 million, respectively.
(3)Our segment property and equipment additions do not include assets acquired under finance leases during the three and six months ended June 30, 2022 and 2021. See Note 13 for further information.
(4)Amounts included in property and equipment additions for Other are additions for computer equipment at our corporate headquarters, which were not attributed or allocated to any of our reporting segments.
(5)During the three months ended March 31, 2021, we received a refund of approximately $0.3 million for amounts previously spent in our transportation segment, which has been reflected as a reduction in property and equipment additions.

Segment operating earnings reflect revenues net of operating costs and depreciation and amortization expense and are reconciled to earnings before income taxes, as follows for the periods indicated (in thousands):

Three Months EndedSix Months Ended
June 30,June 30,
2022202120222021
Segment operating earnings$7,171 $9,296 $19,337 $16,523 
General and administrative(4,211)(2,961)(8,229)(6,337)
Operating earnings2,960 6,335 11,108 10,186 
Interest and other income303 62 327 196 
Interest expense(136)(204)(250)(424)
Earnings before income taxes$3,127 $6,193 $11,185 $9,958 

Identifiable assets by business segment were as follows at the dates indicated (in thousands):

June 30,December 31,
20222021
Reporting segment:
Crude oil marketing$332,711 $162,770 
Transportation66,138 67,167 
Pipeline and storage25,067 25,569 
Cash and other (1)
80,707 119,197 
Total assets$504,623 $374,703 
_______________
(1)Other identifiable assets are primarily corporate cash, corporate accounts receivable, properties and operating lease right-of-use assets not identified with any specific segment of our business.
Accounting policies for transactions between reportable segments are consistent with applicable accounting policies as disclosed herein.