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v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Amortization of customer relationships $ (17,668) $ (17,668) $ (53,004) $ (53,004)
Total revenue 231,034 224,804 678,432 681,712
Operating expenses:        
Direct operating 46,648 39,499 131,959 118,368
General and administrative 13,587 14,810 47,597 46,991
Facility idling 865 870 3,198 3,033
Depreciation 34,206 27,487 98,181 80,956
Impairment of property and equipment   203 3,702 1,582
Accretion of asset retirement obligations 50 114 178 347
Loss on settlement of asset retirement obligations     539  
Loss (gain) on asset sale (2,092)   (2,242) 3,628
Total operating expenses 93,264 82,983 283,112 254,905
Operating income 137,770 141,821 395,320 426,807
Other income (expense):        
Interest expense, net (47,835) (44,544) (137,540) (130,915)
Equity in earnings of unconsolidated affiliates 24,411 24,088 70,467 66,347
Loss on early extinguishment of debt       (20,701)
Total other expense (23,424) (20,456) (67,073) (85,269)
Income before income taxes 114,346 121,365 328,247 341,538
Income tax expense (30,332) (32,038) (84,798) (88,547)
Net income and comprehensive income $ 84,014 $ 89,327 $ 243,449 $ 252,991
Net income per share-basic (in dollars per share) $ 0.18 $ 0.19 $ 0.51 $ 0.53
Net income per share-diluted (in dollars per share) $ 0.17 $ 0.19 $ 0.51 $ 0.53
Weighted average common shares outstanding:        
Basic (in shares) 478,460 477,442 478,144 477,196
Diluted (in shares) 480,318 479,695 480,342 479,501
Natural Gas, Gathering, Transportation, Marketing and Processing - Affiliate        
Revenue:        
Total operating revenues $ 185,640 $ 188,716 $ 552,154 $ 566,544
Natural Gas Water Handling and Treatment - Affiliate        
Revenue:        
Total operating revenues 61,411 53,511 176,994 167,832
Natural Gas Water Handling and Treatment        
Revenue:        
Total operating revenues $ 1,651 $ 245 $ 2,288 $ 340

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