Acquisitions (Tables)

12 Months Ended

Dec. 31, 2022

Asset Acquisition [Abstract]

Schedule of Business Acquisitions

The following table summarizes the aggregate preliminary consideration paid and issued for Firebird and Phoenix (in thousands):

Cash	$	35,350
Value of AE common shares issued	1,364
Contingent consideration arrangement	2,566
Fair value of total consideration transferred	$	39,280

The following table presents the preliminary purchase price allocation to estimated fair values of the identifiable assets acquired and liabilities assumed at the acquisition date of August 12, 2022 (in thousands):

Assets acquired:
Cash and cash equivalents	$	2,203
Accounts receivable	4,653
Inventory	643
Other current assets	137
Property and equipment	25,054
Intangible assets	7,607
Goodwill	6,428
Other assets	458
Total assets acquired	$	47,183
Liabilities assumed:
Accounts payable and other accrued liabilities	$	(1,696)
Deferred tax liabilities	(6,207)
Total liabilities assumed	$	(7,903)
Net assets acquired	$	39,280

Schedule of Acquisition, Pro Forma Information

This unaudited pro forma financial information should not be relied upon as being indicative of the historical results that would have been obtained if the acquisition had actually occurred on January 1, 2021, nor of the results of operations that may be obtained in the future (in thousands).

	Year Ended December 31,
	2022		2021
Revenues	$	3,411,168	$	2,074,803
Net earnings	5,538		13,822
Basic net earnings per common share	$	1.36	$	3.22
Diluted net earnings per common share	$	1.35	$	3.19

Schedule of Allocation of the Purchase Price Based on the Estimated Fair Value of the Assets and Liabilities Acquired

The following table summarizes the allocation of the purchase price based on the estimated fair value of the assets and liabilities acquired at the acquisition date (in thousands):

Accounts receivable and other current assets	$	80
Linefill and base gas	1,013
Property and equipment — Pipeline and related terminal facilities	20,542
Accounts payable and other accrued liabilities	(598)
Total purchase price	$	21,037

The following table summarizes the allocation of the purchase price based on the estimated fair value of the assets acquired at the acquisition date (in thousands):

Property and equipment — tractors and trailers	$	5,901
Materials and supplies	87
Intangible assets — customer relationships	3,175
Total purchase price	$	9,163