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v3.22.2
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Amortization of customer relationships $ (17,668) $ (17,668) $ (35,336) $ (35,336)
Total revenue 228,907 232,787 447,398 456,908
Operating expenses:        
Direct operating 43,299 39,555 85,311 78,869
General and administrative 16,079 14,251 34,010 32,181
Facility idling 1,185 984 2,333 2,163
Depreciation 35,675 26,619 63,975 53,469
Impairment of property and equipment 3,702   3,702 1,379
Accretion of asset retirement obligations 64 114 128 233
Loss on settlement of asset retirement obligations 539   539  
Loss (gain) on asset sale (32) (135) (150) 3,628
Total operating expenses 100,511 81,388 189,848 171,922
Operating income 128,396 151,399 257,550 284,986
Interest expense, net (45,426) (43,505) (89,705) (86,371)
Equity in earnings of unconsolidated affiliates 22,824 21,515 46,056 42,259
Loss on early extinguishment of debt   (20,701)   (20,701)
Total other expense (22,602) (42,691) (43,649) (64,813)
Income before income taxes 105,794 108,708 213,901 220,173
Income tax expense (26,399) (28,485) (54,466) (56,509)
Net income and comprehensive income $ 79,395 $ 80,223 $ 159,435 $ 163,664
Net income per share-basic (in dollars per share) $ 0.17 $ 0.17 $ 0.33 $ 0.34
Net income per share-diluted (in dollars per share) $ 0.17 $ 0.17 $ 0.33 $ 0.34
Weighted average common shares outstanding:        
Basic (in shares) 478,317 477,290 477,983 477,071
Diluted (in shares) 480,270 479,530 480,329 479,382
Natural Gas, Gathering, Transportation, Marketing and Processing - Affiliate        
Revenue:        
Total operating revenues $ 184,071 $ 192,667 $ 366,514 $ 377,828
Natural Gas Water Handling and Treatment - Affiliate        
Revenue:        
Total operating revenues 62,262 57,718 115,583 114,321
Natural Gas Water Handling and Treatment        
Revenue:        
Total operating revenues $ 242 $ 70 $ 637 $ 95

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