v3.25.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue:    
Amortization of customer relationships $ (17,668) $ (17,668)
Total revenue 291,129 279,051
Operating expenses:    
Direct operating 56,830 53,918
General and administrative (including $9,327 and $12,402 of equity-based compensation in 2024 and 2025, respectively) 23,024 21,221
Facility idling 443 522
Depreciation 32,748 37,095
Impairment of property and equipment 817  
Other operating expense, net 44 44
Total operating expenses 113,906 112,800
Operating income 177,223 166,251
Other income (expense):    
Interest expense, net (48,410) (53,308)
Equity in earnings of unconsolidated affiliates 28,020 27,530
Loss on early extinguishment of debt   (59)
Total other expense (20,390) (25,837)
Income before income taxes 156,833 140,414
Income tax expense (36,096) (36,488)
Net income and comprehensive income $ 120,737 $ 103,926
Net income per common share-basic (in dollars per share) $ 0.25 $ 0.22
Net income per common share-diluted (in dollars per share) $ 0.25 $ 0.21
Weighted average common shares outstanding:    
Basic (in shares) 479,064 479,897
Diluted (in shares) 484,378 484,303
Natural Gas, Gathering, Transportation, Marketing and Processing - Affiliate    
Revenue:    
Total operating revenues $ 238,017 $ 227,593
Natural Gas Water Handling and Treatment - Affiliate    
Revenue:    
Total operating revenues 70,275 68,455
Natural Gas Water Handling and Treatment    
Revenue:    
Total operating revenues $ 505 $ 671

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