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Segment Reporting
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment Reporting Segment ReportingWe operate and report in four business segments: (i) crude oil marketing, transportation and storage; (ii) tank truck transportation of liquid chemicals, pressurized gases, asphalt and dry bulk; (iii) pipeline transportation, terminalling and storage of crude oil; and (iv) beginning in the third quarter of 2022, interstate bulk transportation logistics of crude oil, condensate, fuels, oils and other petroleum products and recycling and repurposing of off-specification fuels, lubricants, crude oil and other chemicals, which includes the businesses we acquired in August 2022 (see Note 6 for further information about our business acquisition).
Financial information by reporting segment was as follows for the periods indicated (in thousands):

Reporting Segments
Crude oil marketingTrans-portationPipeline and storage
Logistics and repur-posing (1)
OtherTotal
Three Months Ended September 30, 2022
Segment revenues (2)
$814,394 $29,983 $2,912 $8,677 $— $855,966 
Less: Intersegment revenues (2)
— (153)(2,912)— — (3,065)
Revenues$814,394 $29,830 $— $8,677 $— $852,901 
Segment operating earnings (losses) (3)
5,070 3,307 (909)155 — 7,623 
Depreciation and amortization2,008 2,791 269 940 — 6,008 
Property and equipment additions (4) (5)
343 722 817 132 — 2,014 
Three Months Ended September 30, 2021
Segment revenues (2)
$543,228 $24,867 $738 $— $— $568,833 
Less: Intersegment revenues (2)
— (41)(611)— — (652)
Revenues$543,228 $24,826 $127 $— $— $568,181 
Segment operating earnings (losses) (3)
4,255 2,264 (716)— — 5,803 
Depreciation and amortization1,611 2,957 281 — — 4,849 
Property and equipment additions (4) (5)
443 4,904 980 — — 6,327 
Nine Months Ended September 30, 2022
Segment revenues (2)
$2,524,465 $86,322 $5,869 $8,677 $— $2,625,333 
Less: Intersegment revenues (2)
— (268)(5,869)— — (6,137)
Revenues$2,524,465 $86,054 $— $8,677 $— $2,619,196 
Segment operating earnings (losses) (3)
20,301 9,112 (2,607)155 — 26,961 
Depreciation and amortization5,690 8,671 808 940 — 16,109 
Property and equipment additions (4) (5)
4,351 1,416 890 132 8 6,797 
Nine Months Ended September 30, 2021
Segment revenues (2)
$1,310,343 $69,670 $1,808 $— $— $1,381,821 
Less: Intersegment revenues (2)
— (112)(1,293)— — (1,405)
Revenues$1,310,343 $69,558 $515 $— $— $1,380,416 
Segment operating earnings (losses) (3)
19,643 4,520 (1,837)— — 22,326 
Depreciation and amortization5,050 8,895 758 — — 14,703 
Property and equipment additions (4) (5)
1,145 7,607 1,169 — 8 9,929 
_______________
(1)On August 12, 2022, we acquired a transportation logistics and recycling and repurposing business, resulting in a new operating segment. See Note 6 and Note 9 for further information.
(2)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.
(3)Our crude oil marketing segment’s operating earnings included inventory valuation losses of $5.1 million and $0.3 million for the three months ended September 30, 2022 and 2021, respectively. For the nine months ended September 30, 2022 and 2021, our crude oil marketing segment’s operating earnings included inventory liquidation gains of $2.1 million and $10.3 million, respectively.
(4)Our segment property and equipment additions do not include assets acquired under finance leases during the three and nine months ended September 30, 2022 and 2021. See Note 15 for further information.
(5)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.
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 EndedNine Months Ended
September 30,September 30,
2022202120222021
Segment operating earnings$7,623 $5,803 $26,961 $22,326 
General and administrative(4,630)(3,502)(12,860)(9,839)
Operating earnings2,993 2,301 14,101 12,487 
Interest and other income338 37 665 233 
Interest expense(119)(178)(369)(602)
Earnings before income taxes$3,212 $2,160 $14,397 $12,118 

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

September 30,December 31,
20222021
Reporting segment:
Crude oil marketing$231,014 $162,770 
Transportation61,429 67,167 
Pipeline and storage25,742 25,569 
Logistics and repurposing (1)
45,404 — 
Cash and other (2)
98,534 119,197 
Total assets$462,123 $374,703 
_______________
(1)On August 12, 2022, we acquired a transportation logistics and recycling and repurposing business, resulting in a new operating segment. See Note 6 and Note 9 for further information.
(2)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.