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Assets and Liabilities Held for Sale and Discontinued Operations (Tables) | 3 Months Ended
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Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of assets and liabilities held for sale and discontinued operations | The following tables summarize the major classes of assets and liabilities classified as held for sale by segment at the dates indicated:
|  | June 30, 2025
|  | Crude Oil Logistics
|  | (in thousands)
Assets Held for Sale |  |
Property, plant and equipment, net |  | $ | 310 |
Total assets held for sale |  | $ | 310 |
|  | March 31, 2025
|  | Water Solutions |  | Crude Oil Logistics |  | Liquids Logistics |  | Total
|  | (in thousands)
Assets Held for Sale |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | — |  |  | $ | 114 |  |  | $ | 114 |
Accounts receivable, net |  | — |  |  | — |  |  | 21,204 |  |  | 21,204 |
Inventories |  | — |  |  | — |  |  | 20,715 |  |  | 20,715 |
Prepaid expenses and other current assets |  | — |  |  | — |  |  | 5,098 |  |  | 5,098 |
Property, plant and equipment, net |  | 412 |  |  | 1,350 |  |  | 51,349 |  |  | 53,111 |
Goodwill |  | — |  |  | — |  |  | 17,051 |  |  | 17,051 |
Intangible assets, net |  | 29,557 |  |  | — |  |  | 9,718 |  |  | 39,275 |
Investments in unconsolidated entities |  | 18,221 |  |  | — |  |  | 51 |  |  | 18,272 |
Operating lease right-of-use assets |  | — |  |  | — |  |  | 3,962 |  |  | 3,962 |
Other noncurrent assets |  | — |  |  | 1,237 |  |  | 3,142 |  |  | 4,379 |
Valuation allowance on assets held for sale |  | (7,974) |  |  | — |  |  | — |  |  | (7,974) |
Total assets held for sale |  | $ | 40,216 |  |  | $ | 2,587 |  |  | $ | 132,404 |  |  | $ | 175,207 |
Liabilities Held for Sale |  |  |  |  |  |  |  |
Accounts payable |  | $ | — |  |  | $ | — |  |  | $ | 32,072 |  |  | $ | 32,072 |
Accrued expenses and other payables |  | — |  |  | — |  |  | 4,650 |  |  | 4,650 |
Advance payments received from customers |  | — |  |  | — |  |  | 259 |  |  | 259 |
Operating lease obligations-current |  | — |  |  | — |  |  | 1,705 |  |  | 1,705 |
Operating lease obligations-noncurrent |  | — |  |  | — |  |  | 2,233 |  |  | 2,233 |
Other noncurrent liabilities |  | 94 |  |  | — |  |  | 1,090 |  |  | 1,184 |
Total liabilities held for sale |  | $ | 94 |  |  | $ | — |  |  | $ | 42,009 |  |  | $ | 42,103 |
The following table summarizes the major classes of assets and liabilities classified as discontinued operations in our Liquids Logistics segment at the dates indicated:
|  | June 30, 2025 |  | March 31, 2025
|  | (in thousands)
Assets of Discontinued Operations |  |  |  |
Accounts receivable, net |  | $ | 120 |  |  | $ | 67,350 |
Prepaid expenses and other current assets |  | 168 |  |  | 82 |
Total assets of discontinued operations |  | $ | 288 |  |  | $ | 67,432 |
Liabilities of Discontinued Operations |  |  |  |
Accounts payable |  | $ | 578 |  |  | $ | 48,454 |
Accrued expenses and other payables |  | 66 |  |  | 4,295 |
Total liabilities of discontinued operations |  | $ | 644 |  |  | $ | 52,749 |
The following table summarizes the results of operations from discontinued operations related to our refined products and biodiesel businesses for the periods indicated:
|  | Three Months Ended June 30,
|  | 2025 |  | 2024
|  | (in thousands)
Revenues |  | $ | 148,086 |  |  | $ | 628,025 |
Cost of sales |  | 146,597 |  |  | 633,903 |
Operating expenses |  | 462 |  |  | 1,145 |
General and administrative expenses |  | 16 |  |  | 50 |
Depreciation and amortization |  | — |  |  | 55 |
Gain on disposal or impairment of assets, net |  | (38,373) |  |  | — |
Operating income (loss) from discontinued operations |  | 39,384 |  |  | (7,128) |
Interest expense |  | (5) |  |  | — |
Other income, net |  | — |  |  | 3 |
Income (loss) from discontinued operations before taxes |  | 39,379 |  |  | (7,125) |
Income tax expense |  | — |  |  | (3) |
Income (loss) from discontinued operations, net of tax |  | $ | 39,379 |  |  | $ | (7,128) |

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