v3.26.1
SEGMENT INFORMATION - Statement of Income by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Total revenues $ 186,768 $ 122,286 $ 375,132 $ 218,447
Expenses        
Operating expenses 117,333 74,435 237,727 141,480
General and administrative 3,674 3,862 7,228 8,975
Acquisition and transaction expenses 6,021 8,704 12,841 12,219
Management fees and incentive allocation to affiliate 3,677 3,680 7,769 6,222
Depreciation and amortization 39,511 33,998 90,202 59,010
Asset impairment 63,188 4,401 63,188 4,401
Total expenses 233,404 129,080 418,955 232,307
Other (expense) income        
Equity in (losses) earnings of unconsolidated entities (560) (1,995) (1,078) 3,319
(Loss) gain on sale of assets, net (16) 0 (582) 119,828
Interest expense (105,492) (59,204) (187,979) (102,316)
Other income 3,287 3,052 6,271 6,745
Total other (expense) income (104,383) (62,213) (230,884) 23,503
Income (loss) before income taxes (151,019) (69,007) (274,707) 9,643
Provision for (benefit from) income taxes (11,576) 952 (8,053) (40,562)
Net income (loss) (139,443) (69,959) (266,654) 50,205
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries - common stockholders (11,377) (11,100) (25,637) (22,501)
Less: Preferred dividends and accretion on redeemable non-controlling interests 33,230 0 70,451 0
Less: Dividends and accretion of redeemable preferred stock 657 20,957 657 42,798
Net (loss) income attributable to stockholders (166,464) (83,898) (320,989) 24,359
Less: Other non-recurring items 857 298 3,518 1,333
Loss on modification or extinguishment of debt (1,602) (4,066) (47,516) (4,073)
Net (loss) income attributable to stockholders (166,464) (83,898) (320,989) 24,359
Less: Convertible preferred stock dividend 4,511 4,082 8,864 5,549
Loss on modification or extinguishment of debt (1,602) (4,066) (47,516) (4,073)
Corporate and Other        
Revenues        
Total revenues 15,917 13,730 28,741 26,706
Expenses        
Operating expenses 15,957 13,810 29,693 26,845
General and administrative 3,674 3,862 7,228 8,975
Acquisition and transaction expenses 1,170 2,475 5,581 4,513
Management fees and incentive allocation to affiliate 3,677 3,680 7,769 6,222
Depreciation and amortization 238 217 496 317
Asset impairment 2,808 0 2,808 0
Total expenses 27,524 24,044 53,575 46,872
Other (expense) income        
Equity in (losses) earnings of unconsolidated entities 0 0 0 50
(Loss) gain on sale of assets, net 0   0 0
Interest expense (63,515) (18,305) (102,651) (34,119)
Other income 79 (3) (1,011) (3)
Total other (expense) income (64,489) (18,308) (144,200) (34,072)
Income (loss) before income taxes (76,096) (28,622) (169,034) (54,238)
Provision for (benefit from) income taxes 0 (177) 13 (481)
Net income (loss) (76,096) (28,445) (169,047) (53,757)
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries - common stockholders 55 0 73 0
Less: Preferred dividends and accretion on redeemable non-controlling interests 0   0  
Less: Dividends and accretion of redeemable preferred stock 657 20,957 657 42,798
Net (loss) income attributable to stockholders (81,319) (53,484) (178,641) (102,104)
Less: Other non-recurring items 0 0 1,190 0
Loss on modification or extinguishment of debt (1,053) 0 (40,538) 0
Net (loss) income attributable to stockholders (81,319) (53,484) (178,641) (102,104)
Less: Convertible preferred stock dividend 4,511 4,082 8,864 5,549
Loss on modification or extinguishment of debt (1,053) 0 (40,538) 0
Railroad | Operating Segments        
Revenues        
Total revenues 92,154 42,140 177,162 84,771
Expenses        
Operating expenses 51,334 22,130 98,098 45,069
General and administrative 0 0 0 0
Acquisition and transaction expenses 2,491 2,783 4,099 2,876
Management fees and incentive allocation to affiliate 0 0 0 0
Depreciation and amortization 19,512 4,979 38,999 10,065
Asset impairment 0 4,401 0 4,401
Total expenses 73,337 34,293 141,196 62,411
Other (expense) income        
Equity in (losses) earnings of unconsolidated entities 0 0 0 0
(Loss) gain on sale of assets, net (16)   (9) (124)
Interest expense (1,905) (112) (3,404) (251)
Other income 633 399 119 787
Total other (expense) income (1,288) 287 (3,294) 412
Income (loss) before income taxes 17,529 8,134 32,672 22,772
Provision for (benefit from) income taxes 3,237 768 6,535 1,580
Net income (loss) 14,292 7,366 26,137 21,192
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries - common stockholders (99) 46 (261) 133
Less: Preferred dividends and accretion on redeemable non-controlling interests 33,230   70,451  
Less: Dividends and accretion of redeemable preferred stock 0 0 0 0
Net (loss) income attributable to stockholders (18,839) 7,320 (44,053) 21,059
Less: Other non-recurring items 857 298 2,328 298
Loss on modification or extinguishment of debt 0 0 0 0
Net (loss) income attributable to stockholders (18,839) 7,320 (44,053) 21,059
Less: Convertible preferred stock dividend 0 0 0 0
Loss on modification or extinguishment of debt 0 0 0 0
Jefferson Terminal | Operating Segments        
Revenues        
Total revenues 24,316 21,628 51,634 41,077
Expenses        
Operating expenses 18,740 17,018 44,553 35,112
General and administrative 0 0 0 0
Acquisition and transaction expenses 0 69 0 68
Management fees and incentive allocation to affiliate 0 0 0 0
Depreciation and amortization 11,997 11,290 23,984 22,530
Asset impairment 0 0 0 0
Total expenses 30,737 28,377 68,537 57,710
Other (expense) income        
Equity in (losses) earnings of unconsolidated entities 0 0 0 0
(Loss) gain on sale of assets, net 0   0 0
Interest expense (13,636) (16,000) (29,871) (32,624)
Other income 561 1,282 1,368 2,008
Total other (expense) income (13,075) (15,460) (34,932) (31,365)
Income (loss) before income taxes (19,496) (22,209) (51,835) (47,998)
Provision for (benefit from) income taxes 136 336 348 759
Net income (loss) (19,632) (22,545) (52,183) (48,757)
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries - common stockholders (11,075) (10,579) (24,754) (21,663)
Less: Preferred dividends and accretion on redeemable non-controlling interests 0   0  
Less: Dividends and accretion of redeemable preferred stock 0 0 0 0
Net (loss) income attributable to stockholders (8,557) (11,966) (27,429) (27,094)
Less: Other non-recurring items 0 0 0 0
Loss on modification or extinguishment of debt   (742)   (749)
Net (loss) income attributable to stockholders (8,557) (11,966) (27,429) (27,094)
Less: Convertible preferred stock dividend 0 0 0 0
Loss on modification or extinguishment of debt   (742)   (749)
Jefferson Terminal | Operating Segments | Infrastructure [Member]        
Other (expense) income        
Loss on modification or extinguishment of debt 0   (6,429)  
Loss on modification or extinguishment of debt 0   (6,429)  
Repauno | Operating Segments        
Revenues        
Total revenues 5,537 2,992 6,745 6,803
Expenses        
Operating expenses 6,377 5,449 12,683 12,115
General and administrative 0 0 0 0
Acquisition and transaction expenses 0 1,980 0 2,296
Management fees and incentive allocation to affiliate 0 0 0 0
Depreciation and amortization 2,655 2,494 5,238 4,990
Asset impairment 0 0 0 0
Total expenses 9,032 9,923 17,921 19,401
Other (expense) income        
Equity in (losses) earnings of unconsolidated entities 0 0 0 0
(Loss) gain on sale of assets, net 0   0 0
Interest expense (1,405) 0 (3,356) (1,518)
Other income 912 103 1,988 103
Total other (expense) income (493) (3,221) (1,368) (4,739)
Income (loss) before income taxes (3,988) (10,152) (12,544) (17,337)
Provision for (benefit from) income taxes 2 25 2 37
Net income (loss) (3,990) (10,177) (12,546) (17,374)
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries - common stockholders (183) (567) (574) (971)
Less: Preferred dividends and accretion on redeemable non-controlling interests 0   0  
Less: Dividends and accretion of redeemable preferred stock 0 0 0 0
Net (loss) income attributable to stockholders (3,807) (9,610) (11,972) (16,403)
Less: Other non-recurring items 0 0 0 1,035
Loss on modification or extinguishment of debt 0 (3,324) 0 (3,324)
Net (loss) income attributable to stockholders (3,807) (9,610) (11,972) (16,403)
Less: Convertible preferred stock dividend 0 0 0 0
Loss on modification or extinguishment of debt 0 (3,324) 0 (3,324)
Power and Gas | Operating Segments        
Revenues        
Total revenues 48,844 41,796 110,850 59,090
Expenses        
Operating expenses 24,923 16,026 52,698 22,337
General and administrative 0 0 0 0
Acquisition and transaction expenses 2,245 1,397 3,046 2,466
Management fees and incentive allocation to affiliate 0 0 0 0
Depreciation and amortization 5,109 15,018 21,485 21,108
Asset impairment 60,380 0 60,380 0
Total expenses 92,657 32,441 137,609 45,911
Other (expense) income        
Equity in (losses) earnings of unconsolidated entities 0 0 0 10,588
(Loss) gain on sale of assets, net 0   (573) 119,952
Interest expense (25,031) (24,787) (48,697) (33,804)
Other income 263 345 2,231 2,585
Total other (expense) income (25,317) (24,442) (47,588) 99,321
Income (loss) before income taxes (69,130) (15,087) (74,347) 112,500
Provision for (benefit from) income taxes (14,951) 0 (14,951) (42,457)
Net income (loss) (54,179) (15,087) (59,396) 154,957
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries - common stockholders (75) 0 (121) 0
Less: Preferred dividends and accretion on redeemable non-controlling interests 0   0  
Less: Dividends and accretion of redeemable preferred stock 0 0 0 0
Net (loss) income attributable to stockholders (54,104) (15,087) (59,275) 154,957
Less: Other non-recurring items 0 0 0 0
Loss on modification or extinguishment of debt (549) 0 (549) 0
Net (loss) income attributable to stockholders (54,104) (15,087) (59,275) 154,957
Less: Convertible preferred stock dividend 0 0 0 0
Loss on modification or extinguishment of debt (549) 0 (549) 0
Sustainability | Operating Segments        
Revenues        
Total revenues 0 0 0 0
Expenses        
Operating expenses 2 2 2 2
General and administrative 0 0 0 0
Acquisition and transaction expenses 115 0 115 0
Management fees and incentive allocation to affiliate 0 0 0 0
Depreciation and amortization 0 0 0 0
Asset impairment 0 0 0 0
Total expenses 117 2 117 2
Other (expense) income        
Equity in (losses) earnings of unconsolidated entities (560) (1,995) (1,078) (7,319)
(Loss) gain on sale of assets, net 0   0 0
Interest expense 0 0 0 0
Other income 839 926 1,576 1,265
Total other (expense) income 279 (1,069) 498 (6,054)
Income (loss) before income taxes 162 (1,071) 381 (6,056)
Provision for (benefit from) income taxes 0 0 0 0
Net income (loss) 162 (1,071) 381 (6,056)
Less: Net (loss) income attributable to non-controlling interests in consolidated subsidiaries - common stockholders 0 0 0 0
Less: Preferred dividends and accretion on redeemable non-controlling interests 0   0  
Less: Dividends and accretion of redeemable preferred stock 0 0 0 0
Net (loss) income attributable to stockholders 162 (1,071) 381 (6,056)
Less: Other non-recurring items 0 0 0 0
Loss on modification or extinguishment of debt 0 0 0 0
Net (loss) income attributable to stockholders 162 (1,071) 381 (6,056)
Less: Convertible preferred stock dividend 0 0 0 0
Loss on modification or extinguishment of debt $ 0 $ 0 $ 0 $ 0