v3.25.2
Leases (Tables)
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Right of Use Asset and Lease Liability Balances for Operating and Finance Leases
The following table summarizes the right-of-use (“ROU”) asset and lease liability balances for the Partnership’s operating and finance leases at June 30, 2025 and December 31, 2024:
(in thousands)June 30, 2025December 31, 2024
Operating LeasesFinance LeasesOperating LeasesFinance Leases
ROU asset, net
Equipment, real estate and other$1,639 $24,768 $1,794 $24,995 
Railcars14,233  16,357 — 
Lease liability
Equipment, real estate and other$154 $21,836 $231 $21,003 
Railcars13,921  16,168 — 
Schedule of Lease Expense, Terms, and Discount Rates For the three and six months ended June 30, 2025 and 2024, we recognized lease expense comprised of the following components:
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands)2025202420252024
Operating lease expense$1,478 $1,418 $3,220 $2,576 
Finance lease expense:
Amortization of ROU asset253 — 458 — 
Interest expense on lease liability579 — 1,054 — 
Short-term lease expense607 812 1,161 1,501