v3.25.4
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Right of Use Asset and Lease Liability Balances for Operating and Finance Leases
The following table summarizes the ROU asset and lease liability balances for the Partnership’s operating and finance leases at December 31, 2025 and 2024.
(in thousands)December 31, 2025December 31, 2024
Operating LeasesFinance LeasesOperating LeasesFinance Leases
ROU asset, net
Equipment, real estate and other$1,947 $24,488 $1,794 $24,995 
Railcars14,339 — 16,357 — 
Lease liability
Equipment, real estate and other$562 $21,423 $231 $21,003 
Railcars13,916 — 16,168 — 
Schedule of Lease Expense, Terms, and Discount Rates
For the years ended December 31, 2025, 2024, and 2023, we recognized lease expense comprised of the following components:
Year Ended December 31,
(in thousands)202520242023
Operating lease expense$6,083 $5,542 $4,664 
Finance lease expense:
Amortization of ROU asset974 81 — 
Interest expense on lease liability2,396 231 — 
Short-term lease expense2,218 2,789 3,022 
The following outlines the remaining lease terms and discount rates used in the measurement of the ROU assets and lease liabilities of the Partnership’s operating leases at December 31, 2025 and 2024:
December 31, 2025December 31, 2024
Operating LeasesFinance LeasesOperating LeasesFinance Leases
Weighted-average remaining lease term3.9 years13.6 years4.5 years14.6 years
Weighted-average discount rate7.8 %11.3 %7.3 %11.3 %
Schedule of Remaining Minimum Lease Payments for Operating Leases
The following summarizes the remaining minimum lease payments through maturity of the Partnership’s lease liabilities at December 31, 2025:
(in thousands)Operating LeasesFinance Leases
Year Ending December 31,
2026$4,876 $3,148 
20274,884 3,148 
20282,847 3,148 
20291,959 3,148 
20301,657 3,148 
Thereafter674 25,596 
Total lease payments 16,897 41,336 
Less: Imputed interest
(2,419)(19,913)
Total lease liability$14,478 $21,423