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Leases
9 Months Ended
Sep. 30, 2025
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 facilities and equipment are to be paid by the lessee.

    Operating lease Right-of-Use 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.

Our leases have remaining lease terms of 1 year to 11 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 in its lease term if, at commencement, it is reasonably likely that the Partnership will exercise the extension options.
    
    The components of lease expense for the nine months ended September 30, 2025 and 2024, were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Operating lease cost$6,852 $5,483 $19,485 $15,603 
Finance lease cost:
     Amortization of right-of-use assets$$12 
     Interest on lease liabilities
Short-term lease cost1,369 1,537 4,225 4,036 
Variable lease cost45 41 137 128 
Total lease cost$8,271 $7,066 $23,862 $19,776 
    
Supplemental balance sheet information related to leases at September 30, 2025 and December 31, 2024, was as follows:
September 30,
2025
December 31, 2024
Operating Leases
Operating lease right-of-use assets$67,211 $67,140 
Current portion of operating lease liabilities included in "Other accrued liabilities"$21,094 $19,707 
Operating lease liabilities46,462 47,815 
     Total operating lease liabilities$67,556 $67,522 
Finance Leases
Property, plant and equipment, at cost$77 $77 
Accumulated depreciation(22)(10)
Property, plant and equipment, net$55 $67 
Current installments of finance lease obligations$14 $14 
Finance lease obligations43 55 
Total finance lease obligations$57 $69 

For the nine months ended September 30, 2025, the Partnership incurred new operating leases, primarily related to land transportation assets, operating equipment, and renewed existing operating leases set to expire, primarily related to leased land and facilities.

The Partnership’s future minimum lease obligations as of September 30, 2025, consist of the following:
Operating Leases
Year 1$25,680 
Year 221,724 
Year 315,921 
Year 48,677 
Year 54,029 
Thereafter3,405 
     Total79,436 
     Less amounts representing interest costs(11,880)
Total lease liability$67,556 
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 facilities and equipment are to be paid by the lessee.

    Operating lease Right-of-Use 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.

Our leases have remaining lease terms of 1 year to 11 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 in its lease term if, at commencement, it is reasonably likely that the Partnership will exercise the extension options.
    
    The components of lease expense for the nine months ended September 30, 2025 and 2024, were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Operating lease cost$6,852 $5,483 $19,485 $15,603 
Finance lease cost:
     Amortization of right-of-use assets$$12 
     Interest on lease liabilities
Short-term lease cost1,369 1,537 4,225 4,036 
Variable lease cost45 41 137 128 
Total lease cost$8,271 $7,066 $23,862 $19,776 
    
Supplemental balance sheet information related to leases at September 30, 2025 and December 31, 2024, was as follows:
September 30,
2025
December 31, 2024
Operating Leases
Operating lease right-of-use assets$67,211 $67,140 
Current portion of operating lease liabilities included in "Other accrued liabilities"$21,094 $19,707 
Operating lease liabilities46,462 47,815 
     Total operating lease liabilities$67,556 $67,522 
Finance Leases
Property, plant and equipment, at cost$77 $77 
Accumulated depreciation(22)(10)
Property, plant and equipment, net$55 $67 
Current installments of finance lease obligations$14 $14 
Finance lease obligations43 55 
Total finance lease obligations$57 $69 

For the nine months ended September 30, 2025, the Partnership incurred new operating leases, primarily related to land transportation assets, operating equipment, and renewed existing operating leases set to expire, primarily related to leased land and facilities.

The Partnership’s future minimum lease obligations as of September 30, 2025, consist of the following:
Operating Leases
Year 1$25,680 
Year 221,724 
Year 315,921 
Year 48,677 
Year 54,029 
Thereafter3,405 
     Total79,436 
     Less amounts representing interest costs(11,880)
Total lease liability$67,556