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Leases
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases LEASES
    The Partnership has numerous operating leases primarily for terminal facilities and transportation and other equipment. The leases generally provide that all expenses related to the equipment are to be paid by the lessee.

    Operating lease right of use ("ROU") assets and operating lease liabilities are recognized based on the present value of lease payments over the lease term at commencement date. Because most of the Partnership's leases do not provide an implicit rate of return, the Partnership uses its imputed collateralized rate based on the information available at commencement date in determining the present value of lease payments. The estimated rate is based on a risk-free rate plus a risk-adjusted margin.

The Partnership's leases have remaining lease terms of 1 year to 12 years, some of which include options to extend the leases for up to 5 years, and some of which include options to terminate the leases within 1 year. The Partnership includes extension periods and excludes termination periods from its lease term if, at commencement, it is reasonably likely that the Partnership will exercise the option.
    The components of lease expense for the years ended December 31, 2024, 2023, and 2022 were as follows:
202420232022
Operating lease cost$22,256 $16,198 $10,752 
Finance lease cost:
     Amortization of right-of-use assets11 92 
     Interest on lease liabilities— 
Short-term lease cost4,748 5,415 11,546 
Variable lease cost163 191 185 
Total lease cost$27,181 $21,810 $22,584 

    Supplemental cash flow information for the years ended December 31, 2024, 2023, and 2022 related to leases were as follows:
202420232022
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows from operating leases$39,763 $29,820 $20,153 
     Operating cash flows from finance leases— 
     Financing cash flows from finance leases279 
Right-of-use assets obtained in exchange for lease obligations:
     Operating leases$21,133 $38,935 $22,433 
     Finance leases77 — — 
    
Supplemental balance sheet information related to leases was as follows at December 31, 2024 and 2023:
20242023
Operating Leases
Operating lease right-of-use assets$67,140 $60,359 
Current portion of operating lease liabilities included in "Other accrued liabilities"$19,707 $14,901 
Operating lease liabilities47,815 45,684 
     Total operating lease liabilities$67,522 $60,585 
Finance Leases
Property, plant and equipment, at cost$77 $— 
Accumulated depreciation(10)— 
     Property, plant and equipment, net$67 $— 
Current installments of finance lease obligations$14 $— 
Finance lease obligations$55 $— 
     Total finance lease obligations$69 $— 
Weighted Average Remaining Lease Term (years)
     Operating leases4.074.72
     Finance leases4.32— 
Weighted Average Discount Rate
     Operating leases7.28 %6.56 %
     Finance leases7.00 %— 

    The Partnership’s future minimum lease obligations as of December 31, 2024 consist of the following:
Operating LeasesFinance Leases
Year 1$24,137 $18 
Year 220,512 18 
Year 316,186 18 
Year 49,714 18 
Year 53,575 
Thereafter4,355 — 
     Total78,479 78 
     Less amounts representing interest costs(10,957)(9)
Total lease liability$67,522 $69 

The Partnership has non-cancelable revenue arrangements that are under the scope of ASC 842 whereby we have committed certain terminalling and storage assets in exchange for a minimum fee. Future minimum revenues the Partnership expects to receive under these non-cancelable arrangements as of December 31, 2024 are as follows: 2025 - $20,385; 2026 - $11,826; 2027 - $11,631; 2028 - $11,435; 2029 - $9,860; subsequent years - $8,538.
Leases LEASES
    The Partnership has numerous operating leases primarily for terminal facilities and transportation and other equipment. The leases generally provide that all expenses related to the equipment are to be paid by the lessee.

    Operating lease right of use ("ROU") assets and operating lease liabilities are recognized based on the present value of lease payments over the lease term at commencement date. Because most of the Partnership's leases do not provide an implicit rate of return, the Partnership uses its imputed collateralized rate based on the information available at commencement date in determining the present value of lease payments. The estimated rate is based on a risk-free rate plus a risk-adjusted margin.

The Partnership's leases have remaining lease terms of 1 year to 12 years, some of which include options to extend the leases for up to 5 years, and some of which include options to terminate the leases within 1 year. The Partnership includes extension periods and excludes termination periods from its lease term if, at commencement, it is reasonably likely that the Partnership will exercise the option.
    The components of lease expense for the years ended December 31, 2024, 2023, and 2022 were as follows:
202420232022
Operating lease cost$22,256 $16,198 $10,752 
Finance lease cost:
     Amortization of right-of-use assets11 92 
     Interest on lease liabilities— 
Short-term lease cost4,748 5,415 11,546 
Variable lease cost163 191 185 
Total lease cost$27,181 $21,810 $22,584 

    Supplemental cash flow information for the years ended December 31, 2024, 2023, and 2022 related to leases were as follows:
202420232022
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows from operating leases$39,763 $29,820 $20,153 
     Operating cash flows from finance leases— 
     Financing cash flows from finance leases279 
Right-of-use assets obtained in exchange for lease obligations:
     Operating leases$21,133 $38,935 $22,433 
     Finance leases77 — — 
    
Supplemental balance sheet information related to leases was as follows at December 31, 2024 and 2023:
20242023
Operating Leases
Operating lease right-of-use assets$67,140 $60,359 
Current portion of operating lease liabilities included in "Other accrued liabilities"$19,707 $14,901 
Operating lease liabilities47,815 45,684 
     Total operating lease liabilities$67,522 $60,585 
Finance Leases
Property, plant and equipment, at cost$77 $— 
Accumulated depreciation(10)— 
     Property, plant and equipment, net$67 $— 
Current installments of finance lease obligations$14 $— 
Finance lease obligations$55 $— 
     Total finance lease obligations$69 $— 
Weighted Average Remaining Lease Term (years)
     Operating leases4.074.72
     Finance leases4.32— 
Weighted Average Discount Rate
     Operating leases7.28 %6.56 %
     Finance leases7.00 %— 

    The Partnership’s future minimum lease obligations as of December 31, 2024 consist of the following:
Operating LeasesFinance Leases
Year 1$24,137 $18 
Year 220,512 18 
Year 316,186 18 
Year 49,714 18 
Year 53,575 
Thereafter4,355 — 
     Total78,479 78 
     Less amounts representing interest costs(10,957)(9)
Total lease liability$67,522 $69 

The Partnership has non-cancelable revenue arrangements that are under the scope of ASC 842 whereby we have committed certain terminalling and storage assets in exchange for a minimum fee. Future minimum revenues the Partnership expects to receive under these non-cancelable arrangements as of December 31, 2024 are as follows: 2025 - $20,385; 2026 - $11,826; 2027 - $11,631; 2028 - $11,435; 2029 - $9,860; subsequent years - $8,538.
Leases LEASES
    The Partnership has numerous operating leases primarily for terminal facilities and transportation and other equipment. The leases generally provide that all expenses related to the equipment are to be paid by the lessee.

    Operating lease right of use ("ROU") assets and operating lease liabilities are recognized based on the present value of lease payments over the lease term at commencement date. Because most of the Partnership's leases do not provide an implicit rate of return, the Partnership uses its imputed collateralized rate based on the information available at commencement date in determining the present value of lease payments. The estimated rate is based on a risk-free rate plus a risk-adjusted margin.

The Partnership's leases have remaining lease terms of 1 year to 12 years, some of which include options to extend the leases for up to 5 years, and some of which include options to terminate the leases within 1 year. The Partnership includes extension periods and excludes termination periods from its lease term if, at commencement, it is reasonably likely that the Partnership will exercise the option.
    The components of lease expense for the years ended December 31, 2024, 2023, and 2022 were as follows:
202420232022
Operating lease cost$22,256 $16,198 $10,752 
Finance lease cost:
     Amortization of right-of-use assets11 92 
     Interest on lease liabilities— 
Short-term lease cost4,748 5,415 11,546 
Variable lease cost163 191 185 
Total lease cost$27,181 $21,810 $22,584 

    Supplemental cash flow information for the years ended December 31, 2024, 2023, and 2022 related to leases were as follows:
202420232022
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows from operating leases$39,763 $29,820 $20,153 
     Operating cash flows from finance leases— 
     Financing cash flows from finance leases279 
Right-of-use assets obtained in exchange for lease obligations:
     Operating leases$21,133 $38,935 $22,433 
     Finance leases77 — — 
    
Supplemental balance sheet information related to leases was as follows at December 31, 2024 and 2023:
20242023
Operating Leases
Operating lease right-of-use assets$67,140 $60,359 
Current portion of operating lease liabilities included in "Other accrued liabilities"$19,707 $14,901 
Operating lease liabilities47,815 45,684 
     Total operating lease liabilities$67,522 $60,585 
Finance Leases
Property, plant and equipment, at cost$77 $— 
Accumulated depreciation(10)— 
     Property, plant and equipment, net$67 $— 
Current installments of finance lease obligations$14 $— 
Finance lease obligations$55 $— 
     Total finance lease obligations$69 $— 
Weighted Average Remaining Lease Term (years)
     Operating leases4.074.72
     Finance leases4.32— 
Weighted Average Discount Rate
     Operating leases7.28 %6.56 %
     Finance leases7.00 %— 

    The Partnership’s future minimum lease obligations as of December 31, 2024 consist of the following:
Operating LeasesFinance Leases
Year 1$24,137 $18 
Year 220,512 18 
Year 316,186 18 
Year 49,714 18 
Year 53,575 
Thereafter4,355 — 
     Total78,479 78 
     Less amounts representing interest costs(10,957)(9)
Total lease liability$67,522 $69 

The Partnership has non-cancelable revenue arrangements that are under the scope of ASC 842 whereby we have committed certain terminalling and storage assets in exchange for a minimum fee. Future minimum revenues the Partnership expects to receive under these non-cancelable arrangements as of December 31, 2024 are as follows: 2025 - $20,385; 2026 - $11,826; 2027 - $11,631; 2028 - $11,435; 2029 - $9,860; subsequent years - $8,538.