v3.25.4

Significant Accounting Policies (Tables) | 9 Months Ended
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Dec. 31, 2025
Accounting Policies [Abstract] |
Schedule of inventories | Inventories consist of the following at the dates indicated:
|  | December 31, 2025 |  | March 31, 2025
|  | (in thousands)
Crude oil |  | $ | 28,323 |  |  | $ | 23,962 |
Butane |  | 21,530 |  |  | 22,674 |
Propane |  | 18,834 |  |  | 11,847 |
Other |  | 10,122 |  |  | 11,433 |
Total |  | $ | 78,809 |  |  | $ | 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:
|  | December 31, 2025 |  | March 31, 2025
|  | (in thousands)
Linefill (1) |  | $ | 5,240 |  |  | $ | 5,240 |
Loan receivable (2) |  | — |  |  | 3,089 |
Other |  | 14,347 |  |  | 11,646 |
Total |  | $ | 19,587 |  |  | $ | 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 December 31, 2025 and March 31, 2025, linefill consisted of 95,877 and 90,881 barrels of crude oil, respectively. 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 December 31, 2025 and March 31, 2025, the loan receivable balance (which includes interest receivable) was $3.3 million and $6.1 million, respectively, of which $3.3 million and $3.0 million, respectively, are recorded within prepaid expenses and other current assets in our unaudited condensed consolidated balance sheets. 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 accrued expenses and other payables | Accrued expenses and other payables consist of the following at the dates indicated:
|  | December 31, 2025 |  | March 31, 2025
|  | (in thousands)
Accrued compensation and benefits |  | $ | 42,201 |  |  | $ | 45,081 |
Accrued interest |  | 24,919 |  |  | 25,308 |
Distributions payable |  | 24,912 |  |  | 29,845 |
Excise and other tax liabilities |  | 13,680 |  |  | 13,100 |
Derivative liabilities |  | 3,281 |  |  | 6,427 |
Other |  | 30,175 |  |  | 15,472 |
Total |  | $ | 139,168 |  |  | $ | 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:
|  | December 31, 2025 |  | March 31, 2025
|  | (in thousands)
Cash and cash equivalents |  | $ | 17 |  |  | $ | 14 |
Accounts receivable-affiliates |  | 419 |  |  | 135 |
Prepaid expenses and other current assets |  | 180 |  |  | 108 |
Property, plant and equipment, net |  | 15,489 |  |  | 15,984 |
Accounts payable |  | (145) |  |  | (24) |
Accrued expenses and other payables |  | (168) |  |  | (190) |
Current maturities of long-term debt |  | (1,918) |  |  | (1,805) |
Long-term debt, net |  | (8,372) |  |  | (9,818) |
Redeemable noncontrolling interests |  | (506) |  |  | (424) |
Partnership's equity in VIEs |  | $ | 4,996 |  |  | $ | 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 |  | 82 |
Redeemable noncontrolling interests at December 31, 2025 |  | $ | 506 |
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 |  | (1,754) |
Contingent consideration liabilities at December 31, 2025 (2) |  | $ | 14,043 |
(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 $12.0 million which is recorded within other noncurrent liabilities in our December 31, 2025 unaudited condensed consolidated balance sheet.

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