INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Total Income Tax Provision

The total income tax provision consists of the following:

	Year Ended December 31,
	2025		2024		2023
	(In thousands)
Income from continuing operations before income tax expense	$	576,656	$	267,268	$	153,544
Current income tax expense (benefit):
Federal	$	404	$	1,329	$	—
State	(336)		2,203		492
	68		3,532		492
Deferred tax expense (benefit):
Federal	46,496		19,535		(235,627)
State	4,164		(32)		2,227
	50,660		19,503		(233,400)
Total	$	50,728	$	23,035	$	(232,908)

Schedule Of Income Taxes Paid Net Of Refunds

The following table presents income taxes paid (net of refunds received):

	Year Ended December 31, 2025
	(In thousands)
Federal	$	1,850
State and local
Texas	1,793
Total	$	3,643

Schedule of Effective Income Tax Rate Reconciliation

The difference between the effective income tax rate and the U.S. statutory rate is reconciled below:

	Year Ended December 31, 2025
	Amount		Percent
	(In thousands, except percentage)
U.S. statutory rate	$	121,098	21.00	%
Tax attributable to noncontrolling interest	(73,697)		(12.78)	%
State and local income tax	7,352		1.27	%
Other	(4,025)		(0.70)	%
Effective rate	$	50,728	8.80	%

	Year Ended December 31,
	2024		2023
U.S. statutory rate	21.00	%	21.00	%
Tax attributable to noncontrolling interest	(13.11)	%	(13.51)	%
State and local income tax	2.03	%	1.64	%
Valuation allowance	—	%	(160.84)	%
Other	(1.30)	%	0.02	%
Effective rate	8.62	%	(151.69)	%

Schedule of Net Deferred Tax Assets

The net deferred tax assets consist of the following:

	December 31,
	2025		2024
	(In thousands)
Deferred tax assets:
Investment in partnership	$	52,678	$	110,856
Net operating losses	139,373		90,435
Other	5,651		2,705
Total deferred tax assets	197,702		203,996
Deferred tax liabilities:
Property, plant, and equipment	22,299		16,761
Net deferred tax assets	$	175,403	$	187,235