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 SolutionsCrude Oil LogisticsLiquids LogisticsTotal
(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, net412 1,350 51,349 53,111 
Goodwill— — 17,051 17,051 
Intangible assets, net29,557 — 9,718 39,275 
Investments in unconsolidated entities18,221 — 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 liabilities94 — 1,090 1,184 
Total liabilities held for sale$94 $— $42,009 $42,103 
The following table summarizes the major classes of assets and liabilities classified as discontinued operations in our Liquids Logistics segment at the dates indicated:
December 31, 2025March 31, 2025
(in thousands)
Assets of Discontinued Operations
Accounts receivable, net$— $67,350 
Prepaid expenses and other current assets150 82 
Total assets of discontinued operations$150 $67,432 
Liabilities of Discontinued Operations
Accounts payable$— $48,454 
Accrued expenses and other payables4 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,
2025202420252024
(in thousands)
Revenues$7 $566,659 $148,081 $1,790,887 
Cost of sales (1)(12)574,531 146,508 1,806,714 
Operating expenses (1)(13)1,206 488 3,918 
General and administrative expenses (1)— 32 (6)144 
Depreciation and amortization— 55 — 166 
Loss (gain) on disposal or impairment of assets, net12 — (38,358)— 
Operating income (loss) from discontinued operations20 (9,165)39,449 (20,055)
Interest expense— — (5)(224)
Other (expense) income, net(25)1 (45)(8)
(Loss) income from discontinued operations before taxes(5)(9,164)39,399 (20,287)
Income tax expense— (1)(16)(108)
(Loss) income from discontinued operations, net of tax$(5)$(9,165)$39,383 $(20,395)
(1)    Negative amounts relate to prior period adjustments.