INVESTMENTS IN UNCONSOLIDATED AFFILIATES (Tables)

6 Months Ended

Jun. 30, 2025


	Percentage of				Carrying value
	ownership				(in thousands)
	June 30,		December 31,		June 30,		December 31,
	2025		2024		2025		2024
BOSTCO	42.5	%	42.5	%	$	177,640	$	180,920
Olympic Pipeline Company	30	%	30	%		88,609		84,975
SeaPort Midstream	51	%	51	%		34,508		33,495
Frontera	50	%	50	%		17,132		18,002
Total investments in unconsolidated affiliates					$	317,889	$	317,392

Earnings (loss) from investments in unconsolidated affiliates was as follows (in thousands):


	Three months ended				Six months ended
	June 30,				June 30,
	2025		2024		2025		2024
BOSTCO	$	1,513	$	763	$	2,538	$	2,765
Olympic Pipeline Company		1,450		1,631		4,277		3,123
SeaPort Midstream		799		927		1,491		1,506
Frontera		(190)		(3)		(290)		(270)
Total earnings from investments in unconsolidated affiliates	$	3,572	$	3,318	$	8,016	$	7,124

Cash distributions received from unconsolidated affiliates was as follows (in thousands):


	Three months ended				Six months ended
	June 30,				June 30,
	2025		2024		2025		2024
BOSTCO	$	2,931	$	2,668	$	5,818	$	5,228
Olympic Pipeline Company		643		—		643		—
SeaPort Midstream		478		—		478		—
Frontera		406		—		580		148
Cash distributions received from unconsolidated affiliates	$	4,458	$	2,668	$	7,519	$	5,376

The summarized combined financial information of our unconsolidated affiliates was as follows (in thousands):

Balance sheets:

Statements of income:

TransMontaigne Partners LLC 10-Q