Other Matters |
9 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Other Matters [Abstract] | |
| Other Matters | Other Matters Sale of Marketable Equity Securities As of March 31, 2025, we owned 1,468,337 shares of Prairie Operating Co. (“Prairie”), which were sold during the nine months ended December 31, 2025 for $6.0 million. We recognized a loss on sale of $0.6 million within other income (expense), net in our unaudited condensed consolidated statement of operations for the nine months ended December 31, 2025. This loss, combined with the $0.8 million gain on sale recognized during the three months ended March 31, 2025, resulted in an overall gain of $0.2 million on the sale of all Prairie shares we owned. Dispositions Water Solutions Sale of Certain Investments in Unconsolidated Entities and Related Assets On April 14, 2025, we sold certain investments in unconsolidated entities, property, plant and equipment and intangible assets to a third-party for total consideration of $40.3 million in cash, plus working capital. As discussed below, we recorded a loss of $8.0 million to write down certain investments in unconsolidated entities and related assets to fair value less cost to sell within loss on disposal or impairment of assets, net in our consolidated statement of operations for the year ended March 31, 2025. We also recorded a loss of $1.0 million on the sale within loss on disposal or impairment of assets, net in our unaudited condensed consolidated statement of operations for the nine months ended December 31, 2025. We classified the assets and liabilities as held for sale as of March 31, 2025 (see Note 16). Liquids Logistics Wholesale Propane Disposition and Sale of Refined Products Business On April 30, 2025, we completed the Wholesale Propane Disposition and the sale of our refined products business for total consideration of approximately $156.3 million in cash, plus working capital. We recorded a gain on each transaction totaling a combined $55.5 million, of which $17.1 million is recorded within loss on disposal or impairment of assets, net in our unaudited condensed consolidated statement of operations for the nine months ended December 31, 2025 and $38.4 million is recorded within discontinued operations (see Note 16). Crude Oil Logistics Sale of Certain Railcars As of March 31, 2025, we entered into definitive agreements with third-parties to sell 135 railcars, which have been classified as held for sale (see Note 16). During the nine months ended December 31, 2025, we sold all of these railcars for total consideration of $6.7 million in cash and recognized a gain of $1.9 million within loss on disposal or impairment of assets, net in our unaudited condensed consolidated statement of operations. In a separate transaction, on May 16, 2025, we sold 68 railcars to a third-party for total consideration of $2.1 million in cash and we recorded a gain of $0.1 million within loss on disposal or impairment of assets, net in our unaudited condensed consolidated statement of operations for the nine months ended December 31, 2025. |