v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income including noncontrolling interest $ 19,262 $ 35,407
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 92,673 73,606
Amortization of deferred financing costs 1,972 1,699
Amortization of contract costs 1,656 1,655
Distributions from unconsolidated affiliates 63,337 77,213
Derivative settlement (4,714) 3,754
Derivative fair value adjustment 22,171 1,957
(Gain) loss on disposal of assets, net (40) 4,166
Equity in earnings of unconsolidated affiliates (57,478) (60,469)
Share-based compensation 20,653 22,561
Deferred income taxes 2,460 3,660
Changes in operating assets and liabilities:    
Accounts receivable and pledged receivable (19,187) 5,843
Other assets (1,886) 1,865
Accounts payable (7,090) (20,982)
Accrued liabilities 19,244 1,756
Other non-current liabilities 23,550 11
Operating leases 247 3
Net cash provided by operating activities 176,830 153,705
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property, plant and equipment expenditures (74,546) (57,975)
Intangible assets expenditures (6,929) (2,223)
Investments in unconsolidated affiliates (888) (3,273)
Distributions from unconsolidated affiliate 560 1,240
Cash proceeds from disposals 45 251
Net cash paid for acquisitions (178,380) 0
Net cash used in investing activities (260,138) (61,980)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowing under A/R Facility 8,600 0
Proceeds from borrowings from long-term debt 250,000 0
Payments of debt issuance costs, net (2,497) (11)
Proceeds from debt premium, net 625 0
Proceeds from revolver 388,000 44,000
Payments of revolver (433,000) (91,000)
Cash dividends paid to Class A Common Stock shareholders (46,983) (38,747)
Distributions paid to Common Unit limited partners (76,198) (721)
Net cash provided by (used in) financing activities 88,547 (86,479)
Net change in cash 5,239 5,246
CASH, BEGINNING OF PERIOD 3,606 4,510
CASH, END OF PERIOD 8,845 9,756
SUPPLEMENTAL SCHEDULE OF INVESTING AND FINANCING ACTIVITIES    
Cash paid for interest, net of amounts capitalized 23,710 57,095
Property and equipment and intangible accruals in accounts payable and accrued liabilities 41,907 20,564
Right-of-use assets obtained in exchange for lease liabilities 15,767 0
Class A Common Stock issued through dividend and distribution reinvestment plan $ 390 $ 74,247