SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023

	Year Ended December 31, 2023
			Ports and Terminals
	Railroad		Jefferson Terminal		Repauno		Power and Gas		Sustainability and Energy Transition		Corporate and Other		Total
Revenues
Total revenues	$	169,445	$	72,146	$	10,691	$	—	$	—	$	68,190	320,472
Expenses
Operating expenses	92,972		66,576		22,203		2,726		29		69,166		253,672
General and administrative	—		—		—		—		—		12,833		12,833
Acquisition and transaction expenses	737		1,370		—		94		1		1,938		4,140
Management fees and incentive allocation to affiliate	—		—		—		—		—		12,467		12,467
Depreciation and amortization	19,590		48,916		9,336		—		—		3,150		80,992
Asset impairment	743		—		—		—		—		—		743
Total expenses	114,042		116,862		31,539		2,820		30		99,554		364,847
Other (expense) income
Equity in (losses) earnings of unconsolidated entities	—		—		—		(9,949)		(14,814)		56		(24,707)
(Loss) gain on sale of assets, net	(437)		7,292		—		—		—		—		6,855
Loss on extinguishment of debt	(937)		—		—		—		—		(1,099)		(2,036)
Interest expense	(2,284)		(32,443)		(2,557)		(3)		—		(62,316)		(99,603)
Other (expense) income	(2,164)		(1,302)		—		7,523		2,529		—		6,586
Total other expense	(5,822)		(26,453)		(2,557)		(2,429)		(12,285)		(63,359)		(112,905)
Income (loss) before income taxes	49,581		(71,169)		(23,405)		(5,249)		(12,315)		(94,723)		(157,280)
(Benefit from) provision for income taxes	(561)		2,468		496		—		—		67		2,470
Net income (loss)	50,142		(73,637)		(23,901)		(5,249)		(12,315)		(94,790)		(159,750)
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries	143		(36,917)		(1,412)		—		—		(228)		(38,414)
Less: Dividends and accretion of redeemable preferred stock	—		—		—		—		—		62,400		62,400
Net income (loss) attributable to stockholders	$	49,999	$	(36,720)	$	(22,489)	$	(5,249)	$	(12,315)	$	(156,962)	$	(183,736)

	Year Ended December 31, 2022
			Ports and Terminals
	Railroad		Jefferson Terminal		Repauno		Power and Gas		Sustainability and Energy Transition		Corporate and Other		Total
Revenues
Total revenues	$	149,661	$	60,289	$	4,117	$	—	$	—	$	47,899	261,966
Expenses
Operating expenses	84,863		56,417		17,072		826		10		48,969		208,157
General and administrative	—		—		—		—		—		10,891		10,891
Acquisition and transaction expenses	763		64		—		458		280		15,279		16,844
Management fees and incentive allocation to affiliate	—		—		—		—		—		12,964		12,964
Depreciation and amortization	20,164		39,318		9,322		—		—		1,945		70,749
Total expenses	105,790		95,799		26,394		1,284		290		90,048		$	319,605
Other (expense) income
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 taxes	40,424		(64,625)		(23,867)		(61,298)		(5,179)		(68,504)		(183,049)
Provision for income taxes	1,287		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 subsidiaries	15		(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
	Railroad		Jefferson Terminal		Repauno		Power and Gas		Sustainability and Energy Transition		Corporate and Other		Total
Revenues
Total revenues	$	62,250	$	46,352	$	11,617	$	—	$	—	$	—	120,219
Expenses
Operating expenses	35,824		48,255		14,304		99		—		59		98,541
General and administrative	—		—		—		—		—		8,737		8,737
Acquisition and transaction expenses	2,841		—		—		—		—		11,985		14,826
Management fees and incentive allocation to affiliate	—		—		—		—		—		15,638		15,638
Depreciation and amortization	8,951		36,013		9,052		—		—		—		54,016
Total expenses	47,616		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 taxes	14,152		(57,454)		(12,870)		(17,478)		(372)		(35,949)		(109,971)
Provision for (benefit from) income taxes	64		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)

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:

	Year Ended December 31, 2023
			Ports and Terminals
	Railroad		Jefferson Terminal		Repauno		Power and Gas		Sustainability and Energy Transition		Corporate and Other		Total
Adjusted EBITDA	$	78,521	$	35,694	$	(8,061)	$	34,784	$	(7,253)	$	(26,163)	$	107,522
Add: Non-controlling share of Adjusted EBITDA													21,515
Add: Equity in losses of unconsolidated entities													(24,707)
Less: Interest and other costs on pension and OPEB liabilities													(2,130)
Less: Dividends and accretion of redeemable preferred stock													(62,400)
Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities													(20,209)
Less: Interest expense													(99,603)
Less: Depreciation and amortization expense													(81,541)
Less: Incentive allocations													—
Less: Asset impairment charges													(743)
Less: Changes in fair value of non-hedge derivative instruments													(1,125)
Less: Losses on the modification or extinguishment of debt and capital lease obligations													(2,036)
Less: Acquisition and transaction expenses													(4,140)
Less: Equity-based compensation expense													(9,199)
Less: Provision for income taxes													(2,470)
Less: Other non-recurring items													(2,470)
Net loss attributable to stockholders													$	(183,736)

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
	Railroad		Jefferson Terminal		Repauno		Power and Gas		Sustainability and Energy Transition		Corporate and Other		Total
Adjusted EBITDA	$	64,286	$	18,490	$	(12,743)	$	18,039	$	(2,334)	$	(24,710)	$	61,028
Add: Non-controlling share of Adjusted EBITDA													16,279
Add: Equity in losses of unconsolidated entities													(67,399)
Less: Interest and other 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 instruments													1,125
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)
Less: Other non-recurring items													—
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
	Railroad		Jefferson Terminal		Repauno		Power and Gas		Sustainability and Energy Transition		Corporate and Other		Total
Adjusted EBITDA	$	26,449	$	10,631	$	(4,149)	$	25,524	$	(372)	$	(24,372)	$	33,711
Add: Non-controlling share of Adjusted EBITDA													12,508
Add: Equity in losses of unconsolidated entities													(13,499)
Less: Interest and other 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 instruments													2,220
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 taxes													3,630
Less: Other non-recurring items													—
Net loss attributable to Former Parent													$	(79,869)

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, 2023
			Ports and Terminals
	Railroad		Jefferson Terminal		Repauno		Power and Gas		Sustainability and Energy Transition		Corporate and Other		Total
Current assets	$	58,114	$	88,542	$	9,267	$	2	$	22,405	$	7,173	$	185,503
Non-current assets	667,501		1,137,510		295,685		6,825		77,540		9,045		2,194,106
Total assets	725,615		1,226,052		304,952		6,827		99,945		16,218		2,379,609
Debt, net	—		737,335		44,250		—		—		559,325		1,340,910
Current liabilities	54,150		65,052		4,912		828		—		25,695		150,637
Non-current liabilities	55,975		797,854		47,816		29,310		—		559,926		1,490,881
Total liabilities	110,125		862,906		52,728		30,138		—		585,621		1,641,518
Redeemable preferred stock	—		—		—		—		—		325,232		325,232
Non-controlling interests in equity of consolidated subsidiaries	2,861		(74,278)		(13)		—		—		—		(71,430)
Total equity	615,490		363,146		252,224		(23,311)		99,945		(894,635)		412,859
Total liabilities, redeemable preferred stock and equity	$	725,615	$	1,226,052	$	304,952	$	6,827	$	99,945	$	16,218	$	2,379,609

	December 31, 2022
			Ports and Terminals
	Railroad		Jefferson Terminal		Repauno		Power and Gas		Sustainability and Energy Transition		Corporate and Other		Total
Current assets	$	56,631	$	166,252	$	16,888	$	396	$	20,747	$	16,890	$	277,804
Non-current assets	672,275		1,136,095		289,132		8,142		84,390		10,561		2,200,595
Total assets	728,906		1,302,347		306,020		8,538		105,137		27,451		2,478,399
Debt, net	10,000		732,145		25,000		—		—		463,012		1,230,157
Current liabilities	51,902		81,147		5,958		906		—		19,668		159,581
Non-current liabilities	59,698		790,687		28,163		187,165		—		463,721		1,529,434
Total liabilities	111,600		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 subsidiaries	1,403		(33,048)		1,093		—		—		3,723		(26,829)
Total equity	617,306		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