v3.26.1
Discontinued Operations and Disposals (Tables)
 3 Months Ended
Mar. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations and Disposals The following table outlines the calculation of the initial gain on sale of the Transaction:

Cash proceeds

$

35,000

 

Cash held in indemnity escrow (Restricted cash)

 

5,000

 

Fair value of Vanguard common units

 

3,530

 

Carrying value of lease to Vanguard

 

1,245

 

Estimated future distributions for working capital adjustments and other obligations

 

(4,290

)

Less: Carrying value of net assets disposed

 

(20,500

)

Gain on sale

$

19,985

 

Details of the net income (loss) from discontinued operations, net of tax, were as follows for the:

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Sales

 

$

—

 

 

$

37,394

 

Cost of sales

 

 

—

 

 

 

(40,233

)

Gross loss

 

 

—

 

 

 

(2,839

)

Selling, general and administrative expenses

 

 

—

 

 

 

(2,161

)

Interest expense

 

 

—

 

 

 

(4

)

Gain on sale of assets

 

 

—

 

 

 

—

 

(Loss) income from discontinued operations before income taxes

 

 

—

 

 

 

(5,004

)

Recovery of (provision for) income taxes

 

 

—

 

 

 

—

 

Net (loss) income from discontinued operations, net of tax

 

$

-

 

 

$

(5,004

)