GENESIS ENERGY LP
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
GEL$12.73-1.0%Stored close · as of Nov 9, 2026
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9. Intangible Assets
- Intangible Assets
The following table summarizes the components of our intangible assets at the dates indicated:
| June 30, 2024 | December 31, 2023 | |||||
|---|---|---|---|---|---|---|
| GrossCarryingAmount | AccumulatedAmortization | CarryingValue | GrossCarryingAmount | AccumulatedAmortization | CarryingValue | |
| Offshore pipeline contract intangibles | $158,101 | $74,196 | $83,905 | $158,101 | $70,036 | $88,065 |
| Other | 76,845 | 19,002 | 57,843 | 70,974 | 17,502 | 53,472 |
| Total | $234,946 | $93,198 | $141,748 | $229,075 | $87,538 | $141,537 |
Our amortization of intangible assets for the periods presented was as follows:
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Amortization of intangible assets | $2,826 | $2,973 | $5,660 | $5,678 |
We estimate that our amortization expense for the next five years will be as follows:
| Remainder of | 2024 | $5,583 |
|---|---|---|
| 2025 | 15,152 | |
| 2026 | 14,840 | |
| 2027 | 14,393 | |
| 2028 | 14,144 |
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