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v3.22.1
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Amortization of customer relationships $ (17,668) $ (17,668)
Total revenue 218,491 224,121
Operating expenses:    
Direct operating 42,012 39,314
General and administrative (including $4,012 and $2,832 of equity-based compensation in 2021 and 2022, respectively) 17,931 17,930
Facility idling 1,148 1,179
Depreciation 28,300 26,850
Impairment of property and equipment   1,379
Accretion of asset retirement obligations 64 119
Loss (gain) on asset sale (118) 3,763
Total operating expenses 89,337 90,534
Operating income 129,154 133,587
Interest expense, net (44,279) (42,866)
Equity in earnings of unconsolidated affiliates 23,232 20,744
Total other expense (21,047) (22,122)
Income before income taxes 108,107 111,465
Income tax expense (28,067) (28,024)
Net income and comprehensive income $ 80,040 $ 83,441
Net income per share-basic (in dollars per share) $ 0.17 $ 0.17
Net income per share-diluted (in dollars per share) $ 0.17 $ 0.17
Weighted average common shares outstanding:    
Basic (in shares) 477,646 476,850
Diluted (in shares) 480,173 479,272
Natural Gas, Gathering, Transportation, Marketing and Processing - Affiliate    
Revenue:    
Total operating revenues $ 182,443 $ 185,161
Natural Gas Water Handling and Treatment - Affiliate    
Revenue:    
Total operating revenues 53,321 56,603
Natural Gas Water Handling and Treatment    
Revenue:    
Total operating revenues $ 395 $ 25

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