XML 51 R40.htm IDEA: XBRL DOCUMENT v3.25.2

Leases (Tables)

3 Months Ended

Jun. 30, 2025

Leases [Abstract]

Schedule of components of lease cost

The following table summarizes the components of our lease cost for the periods indicated:

						Three Months Ended June 30,
						2025						2024
						(in thousands)
Operating lease cost (1)						$	10,040					$	10,499
Variable lease cost (1)						8,935						7,586
Short-term lease cost (1)						221						623
Finance lease cost
Amortization of right-of-use asset (2)						69						1
Interest on lease obligation (3)						47						3
Total lease cost						$	19,312					$	18,712

(1)    Included in operating expenses in our unaudited condensed consolidated statements of operations.

(2)    Included in depreciation and amortization expense in our unaudited condensed consolidated statements of operations.

(3)    Included in interest expense in our unaudited condensed consolidated statements of operations.

Amounts in the table above do not include lease costs related to our refined products and biodiesel businesses, as these amounts have been classified within discontinued operations within our consolidated statements of operations (see Note 16).

Schedule of maturities of lease obligations

The following table summarizes maturities of our lease obligations at June 30, 2025 (in thousands):

			Operating						Finance
Year Ending March 31,			Leases						Leases (1)
2026 (nine months)			$	28,845					$	1,643
2027			33,416						2,178
2028			30,333						2,178
2029			21,185						780
2030			11,904						—
2031			4,017						—
Thereafter			17,856						—
Total lease payments			147,556						6,779
Less imputed interest			(29,918)						(936)
Total lease obligations			$	117,638					$	5,843

(1)    At June 30, 2025, the short-term finance lease obligation of $1.7 million is included in accrued expenses and other payables and the long-term finance lease obligation of $4.2 million is included in other noncurrent liabilities in our unaudited condensed consolidated balance sheet.

Schedule of supplemental cash flow and non-cash information for operating and finance leases

The following table summarizes supplemental cash flow information related to our leases for the periods indicated:

						Three Months Ended June 30,
						2025						2024
						(in thousands)
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of lease obligations
Operating cash outflows from operating leases						$	10,022					$	10,506
Operating cash outflows from finance lease						$	—					$	3
Financing cash outflows from finance lease						$	—					$	5
Right-of-use assets obtained in exchange for lease obligations
Operating leases						$	11,894					$	3,371
Finance lease						$	5,796					$	—

Amounts in the table above do not include operating cash outflows from operating leases related to our refined products and biodiesel businesses, as these amounts have been classified within discontinued operations within our unaudited condensed consolidated statements of operations (see Note 16).

Schedule of future minimum lease payments to be received under contractual commitments

The following table summarizes future minimum lease payments to be received under various noncancelable operating lease agreements at June 30, 2025 (in thousands):

Year Ending March 31,
2026 (nine months)			$	7,569
2027			8,657
2028			5,706
2029			1,337
2030			1,063
2031			1,078
Thereafter			727
Total			$	26,137

X

- Definition

Supplemental Cash Flow and Non-Cash information for Operating and Financing Leases

+ References

No definition available.

+ Details

Name:	ngl_SupplementalCashFlowAndNonCashInformationForOperatingAndFinancingLeasesTableTextBlock
Namespace Prefix:	ngl_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-12

+ Details

Name:	us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration