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Income Taxes (Tables)
3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of provision for income taxes
The provision for income taxes consisted of the following:
For the Three Months Ended
March 31,
20252024
(in thousands)
Current portion of income tax expense:
Federal$(21,349)$(4,254)
State(2,124)(424)
Deferred portion of income tax expense(26,259)(27,391)
Income tax expense$(49,732)$(32,069)
Effective tax rate21.4 %19.6 %