v3.25.4

Assets and Liabilities Held for Sale and Discontinued Operations (Tables) | 9 Months Ended
--- | ---
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of assets and liabilities held for sale and discontinued operations | The following table summarizes the major classes of assets and liabilities classified as held for sale by segment at the date indicated:
|  | 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:
|  | December 31, 2025 |  | March 31, 2025
|  | (in thousands)
Assets of Discontinued Operations |  |  |  |
Accounts receivable, net |  | $ | — |  |  | $ | 67,350 |
Prepaid expenses and other current assets |  | 150 |  |  | 82 |
Total assets of discontinued operations |  | $ | 150 |  |  | $ | 67,432 |
Liabilities of Discontinued Operations |  |  |  |
Accounts payable |  | $ | — |  |  | $ | 48,454 |
Accrued expenses and other payables |  | 4 |  |  | 4,295 |
Total liabilities of discontinued operations |  | $ | 4 |  |  | $ | 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 December 31, |  | Nine Months Ended December 31,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
|  | (in thousands)
Revenues |  | $ | 7 |  |  | $ | 566,659 |  |  | $ | 148,081 |  |  | $ | 1,790,887 |
Cost of sales (1) |  | (12) |  |  | 574,531 |  |  | 146,508 |  |  | 1,806,714 |
Operating expenses (1) |  | (13) |  |  | 1,206 |  |  | 488 |  |  | 3,918 |
General and administrative expenses (1) |  | — |  |  | 32 |  |  | (6) |  |  | 144 |
Depreciation and amortization |  | — |  |  | 55 |  |  | — |  |  | 166 |
Loss (gain) on disposal or impairment of assets, net |  | 12 |  |  | — |  |  | (38,358) |  |  | — |
Operating income (loss) from discontinued operations |  | 20 |  |  | (9,165) |  |  | 39,449 |  |  | (20,055) |
Interest expense |  | — |  |  | — |  |  | (5) |  |  | (224) |
Other (expense) income, net |  | (25) |  |  | 1 |  |  | (45) |  |  | (8) |
(Loss) income from discontinued operations before taxes |  | (5) |  |  | (9,164) |  |  | 39,399 |  |  | (20,287) |
Income tax expense |  | — |  |  | (1) |  |  | (16) |  |  | (108) |
(Loss) income from discontinued operations, net of tax |  | $ | (5) |  |  | $ | (9,165) |  |  | $ | 39,383 |  |  | $ | (20,395) |
(1) Negative amounts relate to prior period adjustments.

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483475/205-20-45-11 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3A Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4A Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4B Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5B Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5C Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5D -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5D Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 205 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-1 Reference 15: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration