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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Amortization of customer relationships $ (17,668) $ (17,668) $ (35,336) $ (35,336)
Total revenue 305,472 269,795 596,601 548,846
Operating expenses:        
Direct operating 63,114 56,409 119,944 110,327
General and administrative 22,125 21,219 45,149 42,440
Facility idling 375 412 818 934
Depreciation 33,364 37,576 66,112 74,671
Impairment of property and equipment     817  
Other operating expense, net 50 1,426 94 1,470
Total operating expenses 119,028 117,042 232,934 229,842
Operating income 186,444 152,753 363,667 319,004
Other income (expense):        
Interest expense, net (47,962) (52,186) (96,372) (105,494)
Equity in earnings of unconsolidated affiliates 30,016 27,597 58,036 55,127
Loss on early extinguishment of debt   (13,691)   (13,750)
Total other expense (17,946) (38,280) (38,336) (64,117)
Income before income taxes 168,498 114,473 325,331 254,887
Income tax expense (43,985) (28,436) (80,081) (64,924)
Net income and comprehensive income $ 124,513 $ 86,037 $ 245,250 $ 189,963
Net income per common share-basic (in dollars per share) $ 0.26 $ 0.18 $ 0.51 $ 0.39
Net income per common share-diluted (in dollars per share) $ 0.26 $ 0.18 $ 0.51 $ 0.39
Weighted average common shares outstanding:        
Basic (in shares) 479,083 481,103 479,074 480,500
Diluted (in shares) 482,451 484,778 483,408 484,534
Natural Gas, Gathering, Transportation, Marketing and Processing - Affiliate        
Revenue:        
Total operating revenues $ 248,901 $ 228,993 $ 486,918 $ 456,586
Natural Gas Water Handling and Treatment - Affiliate        
Revenue:        
Total operating revenues 73,773 58,056 144,048 126,511
Natural Gas Water Handling and Treatment        
Revenue:        
Total operating revenues $ 466 $ 414 $ 971 $ 1,085