v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 3,951 $ 3,606
Accounts receivable, net of allowance for credit losses of $1,000 in 2025 and 2024 85,276 111,940
Accounts receivable pledged 165,200 140,200
Derivative assets 13,906 2,308
Prepaid and other current assets 33,703 36,705
Current assets 302,036 294,759
NONCURRENT ASSETS:    
Property, plant and equipment, net 3,866,236 3,433,864
Intangible assets, net 553,230 652,490
Derivative asset, non-current 1,467 65
Operating lease right-of-use assets 71,147 29,814
Deferred tax asset 197,702 203,996
Deferred charges and other assets 89,991 76,994
Investments in unconsolidated affiliates 2,008,725 2,117,878
Goodwill 5,077 5,077
Noncurrent assets 6,793,575 6,520,178
Total assets 7,095,611 6,814,937
CURRENT LIABILITIES:    
Accounts payable 42,067 27,239
Accrued expenses 172,050 186,714
Derivative liabilities 5,506 10,011
Current portion of operating lease liabilities 43,614 18,701
Current debt obligations 165,200 140,200
Other current liabilities 12,064 35,689
Current liabilities 440,501 418,554
NONCURRENT LIABILITIES    
Long term debt, net 3,627,720 3,363,996
Contract liabilities 30,959 20,985
Operating lease liabilities 29,033 11,490
Derivative liabilities 0 1,937
Other liabilities 14,717 2,148
Deferred tax liabilities 22,299 16,761
Noncurrent liabilities 3,724,728 3,417,317
Total liabilities 4,165,229 3,835,871
COMMITMENTS AND CONTINGENCIES (NOTE 17)
Redeemable noncontrolling interest — Common Unit limited partners 3,495,762 5,955,662
EQUITY:    
Deferred consideration 0 1
Additional paid-in capital 240,725 0
Accumulated deficit (806,121) (2,976,612)
Total equity (565,380) (2,976,596)
Total liabilities, noncontrolling interest and equity 7,095,611 6,814,937
Class A Common Stock    
EQUITY:    
Common stock 6 6
Class C Common Stock    
EQUITY:    
Common stock $ 10 $ 9