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SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables set forth certain information for each reportable segment:
I. For the Three Months Ended September 30, 2022
Three Months Ended September 30, 2022
Ports and Terminals
RailroadJefferson TerminalRepaunoPower and GasSustainability and Energy TransitionCorporate and OtherTotal
Revenues
Total revenues$39,186 $17,177 $1,879 $— $— $20,317 $78,559 
Expenses
Operating expenses22,003 14,194 4,266 298 — 20,173 60,934 
General and administrative— — — — — 3,208 3,208 
Acquisition and transaction expenses224 — — 358 — 2,172 2,754 
Management fees and incentive allocation to affiliate— — — — — 2,659 2,659 
Depreciation and amortization5,337 9,748 2,310 — — 741 18,136 
Total expenses27,564 23,942 6,576 656 — 28,953 87,691 
Other (expense) income
Equity in (losses) earnings of unconsolidated entities— — — (9,222)(2,891)33 (12,080)
Loss on sale of assets, net(134)— — — — — (134)
Interest expense(64)(5,983)(432)— — (12,682)(19,161)
Other (expense) income(311)(1,401)— (25)473 132 (1,132)
Total other (expense) income(509)(7,384)(432)(9,247)(2,418)(12,517)(32,507)
Income (loss) before income taxes11,113 (14,149)(5,129)(9,903)(2,418)(21,153)(41,639)
(Provision for) benefit from income taxes(942)2,114 — — (61)444 1,555 
Net income (loss)12,055 (16,263)(5,129)(9,903)(2,357)(21,597)(43,194)
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries6 (8,002)(212)— — (173)(8,381)
Less: Dividends and accretion on redeemable preferred stock— — — — — 9,263 9,263 
Net income (loss) attributable to stockholders and Former Parent$12,049 $(8,261)$(4,917)$(9,903)$(2,357)$(30,687)$(44,076)
Nine Months Ended September 30, 2022
Ports and Terminals
RailroadJefferson TerminalRepaunoPower and GasSustainability and Energy TransitionCorporate and OtherTotal
Revenues
Total revenues$113,887 $44,751 $1,533 $— $— $30,404 $190,575 
Expenses
Operating expenses63,933 41,578 12,264 466 10 29,980 148,231 
General and administrative— — — — — 8,136 8,136 
Acquisition and transaction expenses579 — — 358 29 14,896 15,862 
Management fees and incentive allocation to affiliate— — — — — 9,885 9,885 
Depreciation and amortization15,128 29,187 7,055 — — 1,081 52,451 
Total expenses79,640 70,765 19,319 824 39 63,978 234,565 
Other expense
Equity in losses of unconsolidated entities— — — (43,574)(4,529)121 (47,982)
Loss on sale of assets, net(134)— — — — — (134)
Interest expense(143)(18,220)(1,060)— — (12,683)(32,106)
Other (expense) income(976)(2,791)— (25)1,553 95 (2,144)
Total other expense(1,253)(21,011)(1,060)(43,599)(2,976)(12,467)(82,366)
Income (loss) before income taxes32,994 (47,025)(18,846)(44,423)(3,015)(46,041)(126,356)
Provision for income taxes2,391 2,251 — — — 444 5,086 
Net income (loss)30,603 (49,276)(18,846)(44,423)(3,015)(46,485)(131,442)
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries6 (23,273)(862)— (198)(24,327)
Less: Dividends and accretion on redeemable preferred stock— — — — — 9,263 9,263 
Net income (loss) attributable to stockholders and Former Parent$30,597 $(26,003)$(17,984)$(44,423)$(3,015)$(55,550)$(116,378)
Three Months Ended September 30, 2021
Port and Terminals
RailroadJefferson TerminalRepaunoPower and GasSustainability and Energy TransitionCorporate and OtherTotal
Revenues
Total revenues$25,344 $11,902 $(458)$— $— $— $36,788 
Expenses
Operating expenses14,374 12,441 5,254 19 — — 32,088 
General and administrative— — — — — 2,508 2,508 
Acquisition and transaction expenses851 — — — — 4,491 5,342 
Management fees and incentive allocation to affiliate — — — — — 3,829 3,829 
Depreciation and amortization5,426 9,405 2,300 — — — 17,131 
Total expenses20,651 21,846 7,554 19 — 10,828 60,898 
Other (expense) income
Equity in (losses) earnings of unconsolidated entities— — — (1,620)— 75 (1,545)
Interest expense(20)(4,080)(284)— — (4,384)
Other expense(197)(2,091)— (3,955)— (1)(6,244)
Total other (expense) income(217)(6,171)(284)(5,575)— 74 (12,173)
Income (loss) before income taxes4,476 (16,115)(8,296)(5,594)— (10,754)(36,283)
Provision for (benefit from) income taxes681 48 — (2,363)— — (1,634)
Net income (loss)3,795 (16,163)(8,296)(3,231)— (10,754)(34,649)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries— (7,189)(174)— — — (7,363)
Net income (loss) attributable to Former Parent$3,795 $(8,974)$(8,122)$(3,231)$— $(10,754)$(27,286)
IV. For the Nine Months Ended September 30, 2021
Nine Months Ended September 30, 2021
Ports and Terminals
RailroadJefferson TerminalRepaunoPower and GasSustainability and Energy TransitionCorporate and OtherTotal
Revenues
Total revenues$28,544 $34,148 $9,982 $— $— $— $72,674 
Expenses
Operating expenses18,065 35,939 12,141 61 — — 66,206 
General and administrative— — — — — 6,173 6,173 
Acquisition and transaction expenses851 — — — — 8,009 8,860 
Management fees and incentive allocation to affiliate— — — — — 11,244 11,244 
Depreciation and amortization5,736 26,438 6,726 — — — 38,900 
Total expenses24,652 62,377 18,867 61 — 25,426 131,383 
Other (expense) income
Equity in (losses) earnings of unconsolidated entities— — — (9,262)— 452 (8,810)
Gain on sale of assets, net— — 16 — — — 16 
Interest expense(42)(8,496)(858)— — — (9,396)
Other expense(195)(2,795)— (3,864)— (1)(6,855)
Total other (expense) income(237)(11,291)(842)(13,126)— 451 (25,045)
Income (loss) before income taxes3,655 (39,520)(9,727)(13,187)— (24,975)(83,754)
Provision for (benefit from) income taxes681 163 — (3,599)— — (2,755)
Net income (loss)2,974 (39,683)(9,727)(9,588)— (24,975)(80,999)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries— (18,742)(207)— — — (18,949)
Net income (loss) attributable to Former Parent$2,974 $(20,941)$(9,520)$(9,588)$— $(24,975)$(62,050)
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
The following table sets forth a reconciliation of Adjusted EBITDA to net loss attributable to stockholders and Former Parent:
Three Months Ended September 30, 2022
Ports and Terminals
RailroadJefferson TerminalRepaunoPower and GasSustainability and Energy TransitionCorporate and OtherTotal
Adjusted EBITDA$18,419 $6,023 $(2,471)$11,253 $(1,340)$(5,780)$26,104 
Add: Non-controlling share of Adjusted EBITDA4,502 
Add: Equity in losses of unconsolidated entities(12,080)
Less: Interest costs on pension and OPEB liabilities(896)
Less: Dividends and accretion expense on redeemable preferred stock(9,263)
Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities(9,770)
Less: Interest expense(19,161)
Less: Depreciation and amortization expense(18,136)
Less: Incentive allocations— 
Less: Asset impairment charges— 
Less: Changes in fair value of non-hedge derivative instruments310 
Less: Losses on the modification or extinguishment of debt and capital lease obligations— 
Less: Acquisition and transaction expenses(2,754)
Less: Equity-based compensation expense(1,377)
Less: Provision for income taxes(1,555)
Net loss attributable to stockholders and Former Parent$(44,076)
The following table sets forth a reconciliation of Adjusted EBITDA to net loss attributable to stockholders and Former Parent:
Nine Months Ended September 30, 2022
Ports and Terminals
RailroadJefferson TerminalRepaunoPower and GasSustainability and Energy TransitionCorporate and OtherTotal
Adjusted EBITDA$50,793 $13,987 $(10,826)$24,652 $(1,643)$(17,743)$59,220 
Add: Non-controlling share of Adjusted EBITDA12,034 
Add: Equity in losses of unconsolidated entities(47,982)
Less: Interest costs on pension and OPEB liabilities(896)
Less: Dividends and accretion expense on redeemable preferred stock(9,263)
Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities(22,002)
Less: Interest expense(32,106)
Less: Depreciation and amortization expense(52,451)
Less: Incentive allocations— 
Less: Asset impairment charges— 
Less: Changes in fair value of non-hedge derivative instruments1,058 
Less: Losses on the modification or extinguishment of debt and capital lease obligations— 
Less: Acquisition and transaction expenses(15,862)
Less: Equity-based compensation expense(3,042)
Less: Benefit from income taxes(5,086)
Net loss attributable to stockholders and Former Parent$(116,378)
The following table sets forth a reconciliation of Adjusted EBITDA to net loss attributable to Former Parent:
Three Months Ended September 30, 2021
Port and Terminals
RailroadJefferson TerminalRepaunoPower and GasSustainability and Energy TransitionCorporate and OtherTotal
Adjusted EBITDA$10,773 $1,945 $(1,022)$3,787 $— $(6,317)$9,166 
Add: Non-controlling share of Adjusted EBITDA3,420 
Add: Equity in income of unconsolidated entities(1,545)
Less: Interest costs on pension and OPEB liabilities— 
Less: Dividends and accretion expense on redeemable preferred stock— 
Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities(7,782)
Less: Interest expense(4,384)
Less: Depreciation and amortization expense(17,131)
Less: Incentive allocations— 
Less: Asset impairment charges— 
Less: Changes in fair value of non-hedge derivative instruments(4,594)
Less: Losses on the modification or extinguishment of debt and capital lease obligations— 
Less: Acquisition and transaction expenses(5,342)
Less: Equity-based compensation expense(728)
Less: Provision for income taxes1,634 
Net loss attributable to Former Parent$(27,286)
The following table sets forth a reconciliation of Adjusted EBITDA to net loss attributable to Former Parent:
Nine Months Ended September 30, 2021
Ports and Terminals
RailroadJefferson TerminalRepaunoPower and GasSustainability and Energy TransitionCorporate and OtherTotal
Adjusted EBITDA$10,284 $8,328 $(3,512)$6,787 $— $(17,363)$4,524 
Add: Non-controlling share of Adjusted EBITDA8,706 
Add: Equity in losses of unconsolidated entities(8,810)
Less: Interest costs on pension and OPEB liabilities— 
Less: Dividends and accretion expense on redeemable preferred stock— 
Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities(10,767)
Less: Interest expense(9,396)
Less: Depreciation and amortization expense(38,900)
Less: Incentive allocations— 
Less: Asset impairment charges— 
Less: Changes in fair value of non-hedge derivative instruments1,979 
Less: Losses on the modification or extinguishment of debt and capital lease obligations— 
Less: Acquisition and transaction expenses(8,860)
Less: Equity-based compensation expense(3,281)
Less: Benefit from income taxes2,755 
Net loss attributable to Former Parent$(62,050)
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated
The following tables sets forth the summarized balance sheet. All property, plant and equipment and leasing equipment are located in North America.
September 30, 2022
Ports and Terminals
RailroadJefferson TerminalRepaunoPower and GasSustainability and Energy TransitionCorporate and OtherTotal
Current assets$94,213 $182,054 $35,156 $13 $20,302 $20,798 $352,536 
Non-current assets679,787 1,103,898 286,860 7,401 74,528 20,458 2,172,932 
Total assets774,000 1,285,952 322,016 7,414 94,830 41,256 2,525,468 
Debt, net— 705,192 25,000 — — 461,693 1,191,885 
Current liabilities58,542 63,908 15,742 1,703 — 31,893 171,788 
Non-current liabilities57,060 762,980 28,028 235,241 — 462,565 1,545,874 
Total liabilities115,602 826,888 43,770 236,944 — 494,458 1,717,662 
Redeemable preferred stock— — — — — 251,955 251,955 
Non-controlling interests in equity of consolidated subsidiaries1,086 (24,371)1,336 — — 4,211 (17,738)
Total equity658,398 459,064 278,246 (229,530)94,830 (705,157)555,851 
Total liabilities, redeemable preferred stock and equity$774,000 $1,285,952 $322,016 $7,414 $94,830 $41,256 $2,525,468 

December 31, 2021
Ports and Terminals
RailroadJefferson TerminalRepaunoPower and GasSustainability and Energy TransitionCorporate and OtherTotal
Current assets$72,965 $296,753 $34,944 $357 $7,680 $285 $412,984 
Non-current assets695,631 987,678 281,599 — 53,153 11,256 2,029,317 
Total assets768,596 1,284,431 316,543 357 60,833 11,541 2,442,301 
Debt, net— 693,624 25,000 — — — 718,624 
Current liabilities56,690 67,612 5,135 20 — 10 129,467 
Non-current liabilities52,179 753,113 27,966 17,530 — — 850,788 
Total liabilities108,869 820,725 33,101 17,550 — 10 980,255 
Non-controlling interests in equity of consolidated subsidiaries— (2,604)1,888 — — 625 (91)
Total equity659,727 463,706 283,442 (17,193)60,833 11,531 1,462,046 
Total liabilities and equity$768,596 $1,284,431 $316,543 $357 $60,833 $11,541 $2,442,301