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Property, Plant and Equipment
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment
Property, plant and equipment, at cost, consist of the following (in thousands):
December 31,
2025
2024
Land
$
21,853 
$
17,052 
Building and building improvements
7,871 
5,072 
Pipelines, tanks and terminals
1,681,372 
1,197,615 
Asset retirement obligation assets
3,823 
2,073 
Other equipment
28,481 
27,426 
Construction in progress
84,130 
126,153 
Property, plant and equipment
1,827,530 
1,375,391 
Less: accumulated depreciation
(403,523)
(311,070)
Property, plant and equipment, net
$
1,424,007 
$
1,064,321 
Depreciation expense was $96.2 million, $76.4 million and $72.6 million for the years ended December 31, 2025, 2024 and 2023, respectively.