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SEGMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 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 Year Ended December 31, 2022
Year Ended December 31, 2022
Ports and Terminals
RailroadJefferson TerminalRepaunoPower and GasSustainability and Energy TransitionCorporate and OtherTotal
Revenues
Total revenues$149,661 $60,289 $4,117 $— $— $47,899 $261,966 
Expenses
Operating expenses84,863 56,417 17,072 826 10 48,969 208,157 
General and administrative— — — — — 10,891 10,891 
Acquisition and transaction expenses763 64 — 458 280 15,279 16,844 
Management fees and incentive allocation to affiliate— — — — — 12,964 12,964 
Depreciation and amortization20,164 39,318 9,322 — — 1,945 70,749 
Total expenses105,790 95,799 26,394 1,284 290 90,048 319,605 
Other expense
Equity in (losses) earnings of unconsolidated entities— — — (60,538)(7,012)151 (67,399)
Loss on sale of assets, net(1,603)— — — — — (1,603)
Interest expense(212)(24,798)(1,590)— (26,639)(53,239)
Other (expense) income(1,632)(4,317)— 524 2,123 133 (3,169)
Total other expense(3,447)(29,115)(1,590)(60,014)(4,889)(26,355)(125,410)
Income (loss) before income taxes40,424 (64,625)(23,867)(61,298)(5,179)(68,504)(183,049)
Provision for income taxes1,287 3,016 165 — — — 4,468 
Net income (loss)39,137 (67,641)(24,032)(61,298)(5,179)(68,504)(187,517)
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries15 (32,018)(1,242)— — (688)(33,933)
Less: Dividends and accretion of redeemable preferred stock— — — — — 23,657 23,657 
Net income (loss) attributable to stockholders and Former Parent$39,122 $(35,623)$(22,790)$(61,298)$(5,179)$(91,473)$(177,241)
Year Ended December 31, 2021
Ports and Terminals
RailroadJefferson TerminalRepaunoPower and GasSustainability and Energy TransitionCorporate and OtherTotal
Revenues
Total revenues$62,250 $46,352 $11,617 $— $— $— $120,219 
Expenses
Operating expenses35,824 48,255 14,304 99 — 59 98,541 
General and administrative— — — — — 8,737 8,737 
Acquisition and transaction expenses2,841 — — — — 11,985 14,826 
Management fees and incentive allocation to affiliate— — — — — 15,638 15,638 
Depreciation and amortization8,951 36,013 9,052 — — — 54,016 
Total expenses47,616 84,268 23,356 99 — 36,419 191,758 
Other (expense) income
Equity in (losses) earnings of unconsolidated entities— — — (13,597)(372)470 (13,499)
Gain on sale of assets, net— — 16 — — — 16 
Interest expense(60)(14,812)(1,147)— — — (16,019)
Other expense(422)(4,726)— (3,782)— — (8,930)
Total other (expense) income(482)(19,538)(1,131)(17,379)(372)470 (38,432)
Income (loss) before income taxes14,152 (57,454)(12,870)(17,478)(372)(35,949)(109,971)
Provision for (benefit from) income taxes64 229 — (3,930)— 7 (3,630)
Net income (loss)14,088 (57,683)(12,870)(13,548)(372)(35,956)(106,341)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries— (26,250)(222)— — — (26,472)
Net income (loss) attributable to Former Parent$14,088 $(31,433)$(12,648)$(13,548)$(372)$(35,956)$(79,869)
Year Ended December 31, 2020
Ports and Terminals
RailroadJefferson TerminalRepaunoPower and GasSustainability and Energy TransitionCorporate and OtherTotal
Revenues
Total revenues$4,424 $60,283 $3,855 $— $— $— $68,562 
Expenses
Operating expenses5,992 53,072 8,971 1,356 — — 69,391 
General and administrative— — — — — 8,522 8,522 
Acquisition and transaction expenses— — — 907 — 751 1,658 
Management fees and incentive allocation to affiliate— — — — — 13,073 13,073 
Depreciation and amortization583 29,034 1,497 — — — 31,114 
Total expenses6,575 82,106 10,468 2,263 — 22,346 123,758 
Other income (expense)
Equity in (losses) earnings of unconsolidated entities— — — (3,222)— 115 (3,107)
Loss on sale of assets, net— (8)— — — — (8)
Loss on extinguishment of debt— (4,724)— — — (4,724)
Interest expense(3)(9,426)(1,335)— — — (10,764)
Other income— 92 — — — — 92 
Total other (expense) income(3)(14,066)(1,335)(3,222)— 115 (18,511)
Loss before income taxes(2,154)(35,889)(7,948)(5,485)— (22,231)(73,707)
Provision for (benefit from) income taxes— 278 — (2,265)— 3 (1,984)
Net loss(2,154)(36,167)(7,948)(3,220)— (22,234)(71,723)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries— (16,483)(39)— — — (16,522)
Net loss attributable to Former Parent$(2,154)$(19,684)$(7,909)$(3,220)$— $(22,234)$(55,201)
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:
Year Ended December 31, 2022
Ports and Terminals
RailroadJefferson TerminalRepaunoPower and GasSustainability and Energy TransitionCorporate and OtherTotal
Adjusted EBITDA$64,286 $18,490 $(12,743)$18,039 $(2,334)$(24,710)$61,028 
Add: Non-controlling share of Adjusted EBITDA16,279 
Add: Equity in losses of unconsolidated entities(67,399)
Less: Interest costs on pension and OPEB liabilities(1,232)
Less: Dividends and accretion of redeemable preferred stock(23,657)
Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities(13,939)
Less: Interest expense(53,239)
Less: Depreciation and amortization expense(70,749)
Less: Incentive allocations— 
Less: Asset impairment charges— 
Less: Changes in fair value of non-hedge derivative instruments1,125 
Less: Losses on the modification or extinguishment of debt and capital lease obligations— 
Less: Acquisition and transaction expenses(16,844)
Less: Equity-based compensation expense(4,146)
Less: Provision for income taxes(4,468)
Net loss attributable to stockholders and Former Parent$(177,241)
The following table sets forth a reconciliation of Adjusted EBITDA to net loss attributable to Former Parent:
Year Ended December 31, 2021
Ports and Terminals
RailroadJefferson TerminalRepaunoPower and GasSustainability and Energy TransitionCorporate and OtherTotal
Adjusted EBITDA$26,449 $10,631 $(4,149)$25,524 $(372)$(24,372)$33,711 
Add: Non-controlling share of Adjusted EBITDA12,508 
Add: Equity in losses of unconsolidated entities(13,499)
Less: Interest costs on pension and OPEB liabilities(445)
Less: Dividends and accretion of redeemable preferred stock— 
Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities(29,095)
Less: Interest expense(16,019)
Less: Depreciation and amortization expense(54,016)
Less: Incentive allocations— 
Less: Asset impairment charges— 
Less: Changes in fair value of non-hedge derivative instruments2,220 
Less: Losses on the modification or extinguishment of debt and capital lease obligations— 
Less: Acquisition and transaction expenses(14,826)
Less: Equity-based compensation expense(4,038)
Less: Benefit from income taxes3,630 
Net loss attributable to Former Parent$(79,869)
The following table sets forth a reconciliation of Adjusted EBITDA to net loss attributable to Former Parent:
Year Ended December 31, 2020
Ports and Terminals
RailroadJefferson TerminalRepaunoPower and GasSustainability and Energy TransitionCorporate and OtherTotal
Adjusted EBITDA$(1,568)$16,118 $(4,548)$1,948 $— $(21,759)$(9,809)
Add: Non-controlling share of Adjusted EBITDA9,637 
Add: Equity in losses of unconsolidated entities(3,107)
Less: Interest costs on pension and OPEB liabilities— 
Less: Dividends and accretion of redeemable preferred stock— 
Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities(3,140)
Less: Interest expense(10,764)
Less: Depreciation and amortization expense(31,114)
Less: Incentive allocations— 
Less: Asset impairment charges— 
Less: Changes in fair value of non-hedge derivative instruments(181)
Less: Losses on the modification or extinguishment of debt and capital lease obligations(4,724)
Less: Acquisition and transaction expenses(1,658)
Less: Equity-based compensation expense(2,325)
Less: Provision for income taxes1,984 
Net loss attributable to Former Parent$(55,201)
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.
December 31, 2022
Ports and Terminals
RailroadJefferson TerminalRepaunoPower and GasSustainability and Energy TransitionCorporate and OtherTotal
Current assets$56,631 $166,252 $16,888 $396 $20,747 $16,890 $277,804 
Non-current assets672,275 1,136,095 289,132 8,142 84,390 10,561 2,200,595 
Total assets728,906 1,302,347 306,020 8,538 105,137 27,451 2,478,399 
Debt, net10,000 732,145 25,000 — — 463,012 1,230,157 
Current liabilities51,902 81,147 5,958 906 — 19,668 159,581 
Non-current liabilities59,698 790,687 28,163 187,165 — 463,721 1,529,434 
Total liabilities111,600 871,834 34,121 188,071 — 483,389 1,689,015 
Redeemable preferred stock— — — — — 264,590 264,590 
Non-controlling interests in equity of consolidated subsidiaries1,403 (33,048)1,093 — — 3,723 (26,829)
Total equity617,306 430,513 271,899 (179,533)105,137 (720,528)524,794 
Total liabilities, redeemable preferred stock and equity$728,906 $1,302,347 $306,020 $8,538 $105,137 $27,451 $2,478,399 
December 31, 2021
Ports and Terminals
RailroadJefferson TerminalRepaunoPower and GasSustainability and Energy TransitionCorporate and OtherTotal
Current assets$72,965 $296,753 $34,943 $357 $7,680 $286 $412,984 
Non-current assets695,632 987,678 281,599 — 53,152 11,256 2,029,317 
Total assets768,597 1,284,431 316,542 357 60,832 11,542 2,442,301 
Debt, net— 693,624 25,000 — — — 718,624 
Current liabilities56,690 67,612 5,135 19 — 11 129,467 
Non-current liabilities52,180 753,113 27,965 17,530 — — 850,788 
Total liabilities108,870 820,725 33,100 17,549 — 11 980,255 
Non-controlling interests in equity of consolidated subsidiaries— (2,604)1,888 — — 625 (91)
Total equity659,727 463,706 283,442 (17,192)60,832 11,531 1,462,046 
Total liabilities and equity$768,597 $1,284,431 $316,542 $357 $60,832 $11,542 $2,442,301