v3.25.3
Leases (Tables)
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Schedule of Right of Use Asset and Lease Liability Balances for Operating and Finance Leases
The following table summarizes the right-of-use (“ROU”) asset and lease liability balances for the Partnership’s operating and finance leases at September 30, 2025 and December 31, 2024:
(in thousands)September 30, 2025December 31, 2024
Operating LeasesFinance LeasesOperating LeasesFinance Leases
ROU asset, net
Equipment, real estate and other$2,025 $24,744 $1,794 $24,995 
Railcars15,348 — 16,357 — 
Lease liability
Equipment, real estate and other$628 $21,600 $231 $21,003 
Railcars15,040 — 16,168 — 
Schedule of Lease Expense, Terms, and Discount Rates For the three and nine months ended September 30, 2025 and 2024, we recognized lease expense comprised of the following components:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in thousands)2025202420252024
Operating lease expense$1,482 $1,450 $4,703 $4,026 
Finance lease expense:
Amortization of ROU asset260 — 719 — 
Interest expense on lease liability706 — 1,760 — 
Short-term lease expense630 684 1,791 2,186