v3.26.1
Assets and Liabilities Held for Sale and Discontinued Operations (Tables)
 12 Months Ended
Mar. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of assets and liabilities held for sale and discontinued operations
The following tables summarize the major classes of assets and liabilities classified as held for sale by segment at March 31, 2025 (in thousands):
Water SolutionsCrude Oil LogisticsLiquids LogisticsTotal
Assets Held for Sale
Cash and cash equivalents$— $— $114 $114 
Accounts receivable, net— — 21,204 21,204 
Inventories— — 20,715 20,715 
Prepaid expenses and other current assets— — 5,098 5,098 
Property, plant and equipment, net412 1,350 51,349 53,111 
Goodwill— — 17,051 17,051 
Intangible assets, net29,557 — 9,718 39,275 
Investments in unconsolidated entities18,221 — 51 18,272 
Operating lease right-of-use assets— — 3,962 3,962 
Other noncurrent assets— 1,237 3,142 4,379 
Valuation allowance on assets held for sale(7,974)— — (7,974)
Total assets held for sale$40,216 $2,587 $132,404 $175,207 
Liabilities Held for Sale
Accounts payable$— $— $32,072 $32,072 
Accrued expenses and other payables— — 4,650 4,650 
Advance payments received from customers— — 259 259 
Operating lease obligations-current— — 1,705 1,705 
Operating lease obligations-noncurrent— — 2,233 2,233 
Other noncurrent liabilities94 — 1,090 1,184 
Total liabilities held for sale$94 $— $42,009 $42,103 
The following table summarizes the major classes of assets and liabilities classified as discontinued operations in our Liquids Logistics segment at March 31, 2025 (in thousands):
Assets of Discontinued Operations
Accounts receivable, net$67,350 
Prepaid expenses and other current assets82 
Total assets of discontinued operations$67,432 
Liabilities of Discontinued Operations
Accounts payable$48,454 
Accrued expenses and other payables4,295 
Total liabilities of discontinued operations$52,749 

The following table summarizes the results of operations from discontinued operations related to our refined products and biodiesel businesses for the periods indicated:
Year Ended March 31,
202620252024
(in thousands)
Revenues$148,081 $2,253,294 $2,803,264 
Cost of sales146,508 2,267,498 2,781,360 
Operating expenses463 4,865 5,580 
General and administrative expenses (1)(6)197 256 
Depreciation and amortization— 223 409 
(Gain) loss on disposal or impairment of assets, net(38,290)1,995 — 
Operating income (loss) from discontinued operations39,406 (21,484)15,659 
Interest expense(5)(225)(119)
Other (expense) income, net(45)(7)11 
Income (loss) from discontinued operations before taxes39,356 (21,716)15,551 
Income tax expense(16)(110)(947)
Income (loss) from discontinued operations, net of tax$39,340 $(21,826)$14,604 
(1)    Negative amounts relate to prior period adjustments.