v3.23.2
Condensed Consolidated Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
|
| Revenue: | ||||
| Amortization of customer relationships | $ (17,668) | $ (17,668) | $ (35,336) | $ (35,336) |
| Total revenue | 258,287 | 228,907 | 517,762 | 447,398 |
| Operating expenses: | ||||
| Direct operating | 52,595 | 43,299 | 110,468 | 85,311 |
| General and administrative | 18,162 | 16,079 | 35,509 | 34,010 |
| Facility idling | 637 | 1,185 | 1,211 | 2,333 |
| Depreciation | 35,233 | 35,675 | 70,429 | 63,975 |
| Impairment of property and equipment | 3,702 | 3,702 | ||
| Accretion of asset retirement obligations | 44 | 64 | 88 | 128 |
| Loss on settlement of asset retirement obligations | 279 | 539 | 620 | 539 |
| Loss (gain) on asset sale | 5,814 | (32) | 5,569 | (150) |
| Total operating expenses | 112,764 | 100,511 | 223,894 | 189,848 |
| Operating income | 145,523 | 128,396 | 293,868 | 257,550 |
| Other income (expense): | ||||
| Interest expense, net | (55,388) | (45,426) | (110,012) | (89,705) |
| Equity in earnings of unconsolidated affiliates | 25,972 | 22,824 | 50,428 | 46,056 |
| Total other expense | (29,416) | (22,602) | (59,584) | (43,649) |
| Income before income taxes | 116,107 | 105,794 | 234,284 | 213,901 |
| Income tax expense | (29,095) | (26,399) | (60,765) | (54,466) |
| Net income and comprehensive income | $ 87,012 | $ 79,395 | $ 173,519 | $ 159,435 |
| Net income per share-basic (in dollars per share) | $ 0.18 | $ 0.17 | $ 0.36 | $ 0.33 |
| Net income per share-diluted (in dollars per share) | $ 0.18 | $ 0.17 | $ 0.36 | $ 0.33 |
| Weighted average common shares outstanding: | ||||
| Basic (in shares) | 479,502 | 478,317 | 479,059 | 477,983 |
| Diluted (in shares) | 481,512 | 480,270 | 481,420 | 480,329 |
| Natural Gas, Gathering, Transportation, Marketing and Processing - Affiliate | ||||
| Revenue: | ||||
| Total operating revenues | $ 211,068 | $ 184,071 | $ 410,644 | $ 366,514 |
| Natural Gas Water Handling and Treatment - Affiliate | ||||
| Revenue: | ||||
| Total operating revenues | 64,613 | 62,262 | 141,908 | 115,583 |
| Natural Gas Water Handling and Treatment | ||||
| Revenue: | ||||
| Total operating revenues | $ 274 | $ 242 | $ 546 | $ 637 |
| X | ||||||||||
- Definition The aggregate cost of goods produced and sold and services rendered, excluding depreciation and amortization, during the reporting. No definition available.
|
| X | ||||||||||
- Definition The amount of facility idling expenses incurred during the period. No definition available.
|
| X | ||||||||||
- Definition Amount of gain (loss) on settlement of asset retirement obligations. No definition available.
|
| X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Accretion expense of asset retirement obligations related to oil and gas producing activities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|