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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net income $ 110,327 $ 152,506 $ 362,207
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 139,685 110,090 104,796
Amortization of deferred financing fees 7,449 5,651 5,432
Bad debt expense (20) 855 131
Unit-based compensation expense 15,492 10,605 2,700
Write-off of financing fees 1,440 482  
Net gain on sale and disposition of assets (9,494) (2,626) (79,873)
Long-lived asset impairment 492 0 0
Deferred income taxes (5,361) 2,509 9,583
Loss (income) from equity method investments 1,514 (2,503)  
Dividends received on equity method investments 204 1,375  
Changes in operating assets and liabilities:      
Accounts receivable 79,193 (73,782) (67,774)
Accounts receivable-affiliate 1,892 (5,762) (1,241)
Inventories (200,412) 172,112 (52,086)
Broker margin deposits (7,356) 10,652 10,227
Prepaid expenses, all other current assets and other assets (2,165) (19,196) 14,043
Accounts payable (138,742) 117,777 177,644
Trustee taxes payable (645) 24,426 (1,251)
Change in derivatives 5,064 (10,501) (22,170)
Accrued expenses, all other current liabilities and other long-term liabilities 33,043 17,771 17,628
Net cash provided by operating activities 31,600 512,441 479,996
Cash flows from investing activities      
Acquisitions of terminals (215,085) (313,174)  
Acquisitions   (1,500) (256,246)
Equity method investments (19,125) (95,301)  
Capital expenditures (103,298) (88,847) (106,797)
Seller note issuances, net (7,046) (8,495) (1,664)
Dividends received of equity method investments 19,052 2,075  
Proceeds from sale of property and equipment, net 48,631 12,862 128,514
Net cash used in investing activities (276,871) (492,380) (236,193)
Cash flows from financing activities      
Proceeds from senior notes, net 441,301    
Redemption of Series A preferred units (69,000)    
Repurchase of common units (14,173) (3,521) (2,898)
LTIP units withheld for tax obligations (1,818) (469) (1,559)
Distribution equivalent rights (566) (149)  
Distributions to limited partners and general partner (121,607) (144,720) (100,455)
Net cash provided by (used in) financing activities 233,837 (4,459) (250,612)
Cash and cash equivalents      
Decrease (increase) in cash and cash equivalents (11,434) 15,602 (6,809)
Cash and cash equivalents at beginning of year 19,642 4,040 10,849
Cash and cash equivalents at end of year 8,208 19,642 4,040
Supplemental information      
Cash paid during the year for interest 94,693 65,259 60,910
Net cash paid during the year for income taxes 9,296 2,904 8,053
Working Capital Facility      
Cash flows from financing activities      
Net borrowings from (payments on) working capital revolving credit facility 212,700 (136,600) (201,300)
Non Working Capital Facility      
Cash flows from financing activities      
Net borrowings from (payments on) working capital revolving credit facility $ (213,000) $ 281,000 $ 55,600