CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Net income	$ 97,977	$ 110,327	$ 152,506
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	142,583	139,685	110,090
Amortization of deferred financing fees	7,454	7,449	5,651
Bad debt expense	1,228	(20)	855
Unit-based compensation expense	13,420	15,492	10,605
Write-off of financing fees		1,440	482
Net gain on sale and disposition of assets	(3,326)	(9,494)	(2,626)
Long-lived asset impairment	231	492	0
Deferred income taxes	986	(5,361)	2,509
(Income) loss from equity method investments	(4,509)	1,514	(2,503)
Dividends received on equity method investments	477	204	1,375
Loss on early extinguishment of debt	2,971
Changes in operating assets and liabilities:
Accounts receivable	(58,779)	79,193	(73,782)
Accounts receivable-affiliate	3,623	1,892	(5,762)
Inventories	44,412	(200,412)	172,112
Broker margin deposits	2,331	(7,356)	10,652
Prepaid expenses, all other current assets and other assets	(12,446)	(2,165)	(19,196)
Accounts payable	63,227	(138,742)	117,777
Trustee taxes payable	17,048	(645)	24,426
Change in derivatives	(4,922)	5,064	(10,501)
Accrued expenses, all other current liabilities and other long-term liabilities	(29,182)	33,043	17,771
Net cash provided by operating activities	284,804	31,600	512,441
Cash flows from investing activities
Acquisitions of terminals		(215,085)	(313,174)
Acquisition			(1,500)
Equity method investments	(29,517)	(19,125)	(95,301)
Capital expenditures	(91,469)	(103,298)	(88,847)
Seller note issuances, net	938	(7,046)	(8,495)
Dividends received of equity method investments	12,503	19,052	2,075
Proceeds from sale of property and equipment, net	6,575	48,631	12,862
Net cash used in investing activities	(100,970)	(276,871)	(492,380)
Cash flows from financing activities
Proceeds from senior notes, net	441,193	441,301
Repayment of senior notes	(400,000)
Redemption of Series A preferred units		(69,000)
Repurchase of common units	(9,996)	(14,173)	(3,521)
LTIP units withheld for tax obligations	(13,439)	(1,818)	(469)
Distribution equivalent rights	(4,017)	(566)	(149)
Distributions to limited partners and general partner	(126,640)	(121,607)	(144,720)
Net cash (used in) provided by financing activities	(179,799)	233,837	(4,459)
Cash and cash equivalents
Increase (decrease) in cash and cash equivalents	4,035	(11,434)	15,602
Cash and cash equivalents at beginning of period	8,208	19,642	4,040
Cash and cash equivalents at end of period	12,243	8,208	19,642
Supplemental information
Cash paid during the period for interest	128,856	94,693	65,259
Net cash paid during the period for income taxes	5,711	9,296	2,904
Working Capital Facility
Cash flows from financing activities
Net (payments on) borrowings from revolving credit facility	(3,400)	212,700	(136,600)
Non Working Capital Facility
Cash flows from financing activities
Net (payments on) borrowings from revolving credit facility	$ (63,500)	$ (213,000)	$ 281,000

The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Also includes the aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.

No definition available.