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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table disaggregates our revenue by segment and by major source for the periods indicated (in thousands):

Three Months EndedSix Months Ended
June 30,June 30,
2024202320242023
Crude oil marketing:
Revenue from contracts with customers:
Goods transferred at a point in time$665,865 $580,636 $1,277,807 $1,168,725 
Services transferred over time292 31 336 
Total revenues from contracts with customers665,871 580,928 1,277,838 1,169,061 
Other (1)
16,954 4,344 28,811 24,687 
Total crude oil marketing revenue$682,825 $585,272 $1,306,649 $1,193,748 
Transportation:
Revenue from contracts with customers:
Goods transferred at a point in time$— $— $— $— 
Services transferred over time22,756 24,452 45,987 50,897 
Total revenues from contracts with customers22,756 24,452 45,987 50,897 
Other— — — — 
Total transportation revenue$22,756 $24,452 $45,987 $50,897 
Pipeline and storage: (2)
Revenue from contracts with customers:
Goods transferred at a point in time$— $— $— $— 
Services transferred over time20 249 24 249 
Total revenues from contracts with customers20 249 24 249 
Other— — — — 
Total pipeline and storage revenue$20 $249 $24 $249 
Logistics and repurposing:
Revenue from contracts with customers:
Goods transferred at a point in time$6,626 $9,009 $13,183 $17,163 
Services transferred over time6,266 5,784 13,700 12,871 
Total revenues from contracts with customers12,892 14,793 26,883 30,034 
Other— — — — 
Total logistics and repurposing revenue$12,892 $14,793 $26,883 $30,034 
Subtotal:
Total revenues from contracts with customers$701,539 $620,422 $1,350,732 $1,250,241 
Total other (1)
16,954 4,344 28,811 24,687 
Total consolidated revenues$718,493 $624,766 $1,379,543 $1,274,928 
________________________
(1)Other crude oil marketing revenues are recognized under Accounting Standards Codification (“ASC”) 815, Derivatives and Hedging, and ASC 845, Nonmonetary Transactions – Purchases and Sales of Inventory with the Same Counterparty.
(2)Substantially all pipeline and storage revenue earned during the three and six months ended June 30, 2024 and 2023, was from an affiliated shipper, GulfMark Energy, Inc. (“GulfMark”), our subsidiary, and eliminated in consolidation.
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
Reporting these crude oil contracts on a gross revenue basis would increase our reported revenues as follows for the periods indicated (in thousands):

Three Months EndedSix Months Ended
June 30,June 30,
2024202320242023
Revenue gross-up$61,988 $240,969 $122,158 $527,671