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Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Property, Plant and Equipment
Depreciation is computed using the straight-line method over management’s estimated useful lives of the related assets. The estimated useful lives are as follows:
Years
Buildings and building improvements
15-40
Pipelines, tanks and terminals
10-40
Other equipment
3-15
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 
Schedule of Change in Asset Retirement Obligation
The reconciliation of the beginning and ending carrying amounts of asset retirement obligations as of December 31, 2025 and 2024 is as follows (in thousands):
December 31,
2025
2024
Beginning balance
$
15,639 
$
10,038 
Acquisition
6,022 
4,852 
Liabilities settled
— 
(171)
Accretion expense
2,617 
920 
Ending balance
$
24,278 
$
15,639