Investments in Affiliates

3 Months Ended

Mar. 31, 2025

Equity Method Investments and Joint Ventures [Abstract]

The Company's investments in affiliates principally consist of equity investments in limited liability companies in which the Company has the ability to exercise significant influence over the operating and financial policies of these investments. Accordingly, the Company accounts for its investments using the equity method of accounting.

Operating results presented in the Company's condensed consolidated financial statements include the Company's proportionate share of net income (loss) from its equity method investments. Summarized financial information of entities accounted for by the equity method on a combined basis for the three months ended March 31, 2025 and 2024, is as follows (in thousands):


	Three Months Ended March 31,
		2025		2024
Revenues		$	42,122	$	39,370
Operating costs and expenses		37,069		35,399
Gross Profit (Loss)		$	5,053	$	3,971
Income (Loss) from Continuing Operations1		$	1,452	$	(700)
Net Income (Loss)1		$	1,452	$	(700)

1 Includes earnings from equity method investments held by the investee.

During the three months ended March 31, 2025 and 2024, Income (loss) related to joint ventures was $3.0 million and $0.7 million, respectively, and return on investment operating cash distributions was $2.0 million and $0.7 million, respectively.