v3.25.4
PROPERTY, PLANT AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET PROPERTY, PLANT AND EQUIPMENT, NET
Property, plant, and equipment, net at carrying value, is as follows:
December 31,
20252024
(In thousands)
Gathering, processing, and transmission systems and facilities$4,741,741 $3,977,825 
Vehicles19,802 15,659
Computers and equipment12,509 7,872
Less: accumulated depreciation
(1,048,589)(813,371)
Total depreciable assets, net3,725,463 3,187,985 
Construction in progress105,219 215,168 
Land35,554 30,711 
Total property, plant, and equipment, net$3,866,236 $3,433,864 
The cost of property classified as “Construction in progress” is excluded from capitalized costs being depreciated. These amounts represent property that is not yet available to be placed into productive service as of the respective reporting date. The Company recorded $240.9 million, $184.1 million and $158.6 million of depreciation expense for the years ended December 31, 2025, 2024 and 2023, respectively.
Capitalized interest included in property, plant and equipment amounted to $14.5 million, $8.3 million and $6.4 million for the years ended December 31, 2025, 2024 and 2023, respectively.