Business Segments

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Business Segments

BUSINESS SEGMENTS

    The Partnership has four reportable segments: terminalling and storage, specialty products, transportation, and sulfur services. The Partnership’s reportable segments are strategic business units that offer different products and services. The operating income of these segments is reviewed by the chief operating decision maker to assess performance and make business decisions.

The accounting policies of the operating segments are the same as those described in Note 2. The Partnership evaluates the performance of its reportable segments based on operating income. There is no allocation of interest expense.

	Operating Revenues		Intersegment Eliminations		Operating Revenues After Eliminations		Depreciation and Amortization		Operating Income (Loss) after Eliminations		Capital Expenditures and Plant Turnaround Costs
Year Ended December 31, 2023:
Terminalling and storage	$	95,459	$	(8,945)	$	86,514	$	21,030	$	5,676	$	13,168
Specialty products	346,863		(86)		346,777		3,296		30,335		2,519
Sulfur services	140,995		—		140,995		10,690		30,436		16,851
Transportation	240,926		(17,249)		223,677		14,879		16,307		7,598
Indirect selling, general, and administrative	—		—		—		—		(16,030)		—
Total	$	824,243	$	(26,280)	$	797,963	$	49,895	$	66,724	$	40,136
Year Ended December 31, 2022:
Terminalling and storage	$	92,612	$	(12,419)	$	80,193	$	26,094	$	(11,102)	$	15,308
Specialty products	540,636		(123)		540,513		4,520		24,142		1,349
Sulfur services	179,164		—		179,164		11,099		34,146		6,857
Transportation	239,275		(20,267)		219,008		14,567		20,991		7,619
Indirect selling, general, and administrative	—		—		—		—		(16,914)		—
Total	$	1,051,687	$	(32,809)	$	1,018,878	$	56,280	$	51,263	$	31,133
Year Ended December 31, 2021:
Terminalling and storage	$	87,816	$	(12,593)	$	75,223	$	25,441	$	(9,161)	$	8,354
Specialty products	517,920		(68)		517,852		5,159		58,044		1,765
Sulfur services	145,042		—		145,042		10,432		32,972		7,813
Transportation	161,180		(16,866)		144,314		15,719		(8,446)		4,997
Indirect selling, general, and administrative	—		—		—		—		(16,129)		—
Total	$	911,958	$	(29,527)	$	882,431	$	56,751	$	57,280	$	22,929

Revenues from one customer in the specialty products segment was $120,171, $177,062 and $140,324 for the years ended December 31, 2023, 2022 and 2021, respectively.

The Partnership's assets by reportable segment as of December 31, 2023 and 2022 are as follows:

	2023		2022
Total assets:
Terminalling and storage	$	171,320	$	184,537
Specialty products	72,770		150,175
Sulfur services	103,779		110,688
Transportation	161,506		153,451
Total assets	$	509,375	$	598,851