v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Operating revenues:        
Total revenues [1] $ 463,969 $ 396,362 $ 1,333,970 $ 1,097,213
Operating costs and expenses:        
Costs of sales (excluding depreciation and amortization) [2],[3] 235,391 144,586 615,452 444,786
Operating expenses 76,137 55,804 207,785 143,278
Ad valorem taxes 7,099 5,896 20,449 18,400
General and administrative expenses 30,096 29,619 91,932 94,846
Depreciation and amortization expenses 95,409 87,583 281,845 236,250
Loss (gain) on disposal of assets, net 50 0 (15) 4,090
Total operating costs and expenses 444,182 323,488 1,217,448 941,650
Operating income 19,787 72,874 116,522 155,563
Other income (expense):        
Interest and other income 303 1,872 3,820 2,272
Loss on debt extinguishment 0 0 (635) (525)
Gain on sale of equity method investment 0 29,953 0 89,837
Interest expense (61,721) (66,029) (173,949) (167,545)
Equity in earnings of unconsolidated affiliates 58,289 53,244 174,472 169,668
Total other (expense) income, net (3,129) 19,040 3,708 93,707
Income before income taxes 16,658 91,914 120,230 249,270
Income tax expense 1,109 8,260 11,003 21,261
Net income including noncontrolling interest 15,549 83,654 109,227 228,009
Net income attributable to Common Unit limited partners 10,284 57,891 74,187 153,504
Net income attributable to holders of Class A Common Stock $ 5,265 $ 25,763 $ 35,040 $ 74,505
Net income attributable to holders of Class A Common Stock, per share        
Basic (in USD per share) $ 0.03 $ 0.35 $ 0.41 $ 1.03
Diluted (in USD per share) $ 0.03 $ 0.35 $ 0.41 $ 1.02
Weighted-average shares        
Basic (in shares) 61,866 59,811 61,256 59,116
Diluted (in shares) 62,428 60,424 62,120 59,852
Service revenue        
Operating revenues:        
Total revenues $ 103,338 $ 103,100 $ 343,918 $ 301,710
Product revenue        
Operating revenues:        
Total revenues 357,608 290,423 981,703 787,092
Other revenue        
Operating revenues:        
Total revenues $ 3,023 $ 2,839 $ 8,349 $ 8,411
[1] Includes amounts associated with related parties of nil and $17.2 million for the nine months ended September 30, 2025 and 2024, respectively. No operating revenue associated with related parties for the three months ended September 30, 2025 and 2024.
[2] Costs of sales (excluding depreciation and amortization) is net of gas service revenues totaling $88.3 million and $60.2 million for the three months ended September 30, 2025 and 2024, respectively, $224.1 million and $159.4 million for the nine months ended September 30, 2025 and 2024, respectively, for certain volumes where we act as principal.
[3] Includes amounts associated with related parties of $6.6 million and $12.8 million for the three months ended September 30, 2025 and 2024, respectively, and $18.3 million and $48.7 million for the nine months ended September 30, 2025 and 2024, respectively.