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Significant Accounting Policies (Tables)

3 Months Ended

Jun. 30, 2025

Accounting Policies [Abstract]

Schedule of inventories

Inventories consist of the following at the dates indicated:

						June 30, 2025						March 31, 2025
						(in thousands)
Butane						$	36,614					$	22,674
Crude oil						25,416						23,962
Propane						10,720						11,847
Other						8,729						11,433
Total						$	81,479					$	69,916

Amounts in the table above do not include assets classified as either held for sale or discontinued operations within our March 31, 2025 consolidated balance sheet (see Note 16).

Schedule of other noncurrent assets

Other noncurrent assets consist of the following at the dates indicated:

						June 30, 2025						March 31, 2025
						(in thousands)
Linefill (1)						$	5,240					$	5,240
Loan receivable (2)						—						3,089
Other						10,359						11,646
Total						$	15,599					$	19,975

(1)    Represents minimum volumes of product we are required to leave on certain third-party owned pipelines under long-term shipment commitments. At June 30, 2025 and March 31, 2025, linefill consisted of 90,881 barrels of crude oil. Linefill held in pipelines we own is included within property, plant and equipment (see Note 4).

(2)    Represents the noncurrent portion of loan receivables, net of allowances for expected credit losses, primarily related to the sale of certain saltwater disposal assets. At June 30, 2025 and March 31, 2025, the loan receivable balance (which includes interest receivable) was $4.0 million and $6.1 million, respectively, of which $4.0 million and $3.0 million, respectively, are recorded within prepaid expenses and other current assets in our unaudited condensed consolidated balance sheets.

Schedule of accrued expenses and other payables

Accrued expenses and other payables consist of the following at the dates indicated:

						June 30, 2025						March 31, 2025
						(in thousands)
Distributions payable						$	26,153					$	29,845
Accrued compensation and benefits						25,879						45,081
Accrued interest						25,107						25,308
Excise and other tax liabilities						8,962						13,100
Derivative liabilities						2,610						6,427
Other						17,029						15,472
Total						$	105,740					$	135,233

Amounts in the table above do not include liabilities classified as either held for sale or discontinued operations within our March 31, 2025 consolidated balance sheet (see Note 16).

Schedule of variable interest entities

The following table summarizes the balances related to the VIEs that are consolidated in our unaudited condensed consolidated balance sheets at the dates indicated (excluding intercompany eliminations at the time of consolidation) as well as our equity in the VIEs:

						June 30, 2025						March 31, 2025
						(in thousands)
Cash and cash equivalents						$	96					$	14
Accounts receivable-affiliates						151						135
Prepaid expenses and other current assets						174						108
Property, plant and equipment, net						15,726						15,984
Accounts payable						(40)						(24)
Accrued expenses and other payables						(178)						(190)
Current maturities of long-term debt						(1,842)						(1,805)
Long-term debt, net						(9,346)						(9,818)
Redeemable noncontrolling interests						(441)						(424)
Partnership's equity in VIEs						$	4,300					$	3,980

Schedule of redeemable noncontrolling interests

The following table summarizes changes in our redeemable noncontrolling interests in our unaudited condensed consolidated balance sheets (in thousands):

Redeemable noncontrolling interests at March 31, 2025						$	424
Net income from continuing operations attributable to redeemable noncontrolling interests						17
Redeemable noncontrolling interests at June 30, 2025						$	441

Schedule of contingent consideration liabilities

The following table summarizes changes in our contingent consideration liabilities (in thousands):

Contingent consideration liabilities at March 31, 2025 (1)						$	15,797
Liabilities settled						(540)
Contingent consideration liabilities at June 30, 2025 (2)						$	15,257

(1)    Includes $2.0 million which is recorded within accrued expenses and other payables and $13.8 million which is recorded within other noncurrent liabilities in our March 31, 2025 consolidated balance sheet.

(2)    Includes $2.0 million which is recorded within accrued expenses and other payables and $13.3 million which is recorded within other noncurrent liabilities in our June 30, 2025 unaudited condensed consolidated balance sheet.

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