Condensed Consolidated Interim Statements of Changes in Equity - USD ($)
|
Total |
Additional Paid in Capital |
Retained Earnings |
Non-Controlling Interests |
Class A Common Stock |
Class A Common Stock
Common Stock
|
Class B Common Stock
Common Stock
|
Capital Units
Class A Unit Capital
|
Capital Units
Class B Unit Capital
|
| Beginning balance (in shares) at Dec. 31, 2023 |
|
|
|
|
|
|
|
109,299,332
|
215,928,474
|
| Beginning balance at Dec. 31, 2023 |
|
|
|
|
|
|
|
$ 708,481,000
|
$ 1,002,690,000
|
| Increase (Decrease) in Partners' Capital [Roll Forward] |
|
|
|
|
|
|
|
|
|
| Equity based compensation |
$ 37,161,000
|
|
|
|
|
|
|
12,946,000
|
24,215,000
|
| Distributions |
(45,678,000)
|
|
|
|
|
|
|
$ (15,969,000)
|
$ (29,709,000)
|
| Exchange of Class B Units (in shares) |
|
|
|
|
|
|
|
81,357
|
(81,357)
|
| Exchange of Class B Units |
|
|
|
|
|
|
|
$ 541,000
|
$ (541,000)
|
| Cancellation of Class A Units (in shares) |
|
|
|
|
|
|
|
(1,329,530)
|
|
| Cancellation of Class A Units |
(13,816,000)
|
|
|
|
|
|
|
$ (13,816,000)
|
|
| Issuance of class A units, net of issuance cost (in shares) |
|
|
|
|
|
|
|
16,989,112
|
|
| Issuance of Class A Units, net of issuance cost |
122,168,000
|
|
|
|
|
|
|
$ 122,168,000
|
|
| Other |
1,099,000
|
|
|
|
|
|
|
416,000
|
683,000
|
| Income / (loss) for the period |
262,531,000
|
|
|
|
|
|
|
$ 84,969,000
|
$ 177,562,000
|
| Ending balance (in shares) at Jun. 30, 2024 |
|
|
|
|
|
|
|
125,040,271
|
215,847,117
|
| Ending balance at Jun. 30, 2024 |
|
|
|
|
|
|
|
$ 899,736,000
|
$ 1,174,900,000
|
| Beginning balance (in shares) at Dec. 31, 2023 |
|
|
|
|
|
0
|
0
|
|
|
| Beginning balance at Dec. 31, 2023 |
1,711,171,000
|
$ 0
|
$ 0
|
$ 0
|
|
$ 0
|
$ 0
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
| Exchange of Class B common stock |
0
|
|
|
|
|
|
|
|
|
| Income / (loss) for the period |
262,531,000
|
|
|
|
|
|
|
$ 84,969,000
|
$ 177,562,000
|
| Ending balance (in shares) at Jun. 30, 2024 |
|
|
|
|
|
0
|
0
|
|
|
| Ending balance at Jun. 30, 2024 |
2,074,636,000
|
0
|
0
|
0
|
|
$ 0
|
$ 0
|
|
|
| Beginning balance (in shares) at Mar. 31, 2024 |
|
|
|
|
|
|
|
109,545,485
|
215,928,474
|
| Beginning balance at Mar. 31, 2024 |
|
|
|
|
|
|
|
$ 831,568,000
|
$ 1,248,481,000
|
| Increase (Decrease) in Partners' Capital [Roll Forward] |
|
|
|
|
|
|
|
|
|
| Equity based compensation |
18,479,000
|
|
|
|
|
|
|
6,675,000
|
11,804,000
|
| Distributions |
(8,980,000)
|
|
|
|
|
|
|
$ (3,273,000)
|
$ (5,707,000)
|
| Exchange of Class B Units (in shares) |
|
|
|
|
|
|
|
81,357
|
(81,357)
|
| Exchange of Class B Units |
0
|
|
|
|
|
|
|
$ 541,000
|
$ (541,000)
|
| Cancellation of Class A Units (in shares) |
|
|
|
|
|
|
|
(1,321,296)
|
|
| Cancellation of Class A Units |
(13,042,000)
|
|
|
|
|
|
|
$ (13,042,000)
|
|
| Issuance of class A units, net of issuance cost (in shares) |
|
|
|
|
|
|
|
16,734,725
|
|
| Issuance of Class A Units, net of issuance cost |
122,015,000
|
|
|
|
|
|
|
$ 122,015,000
|
|
| Other |
1,711,000
|
|
|
|
|
|
|
622,000
|
1,089,000
|
| Income / (loss) for the period |
(125,596,000)
|
|
|
|
|
|
|
$ (45,370,000)
|
$ (80,226,000)
|
| Ending balance (in shares) at Jun. 30, 2024 |
|
|
|
|
|
|
|
125,040,271
|
215,847,117
|
| Ending balance at Jun. 30, 2024 |
|
|
|
|
|
|
|
$ 899,736,000
|
$ 1,174,900,000
|
| Beginning balance (in shares) at Mar. 31, 2024 |
|
|
|
|
|
0
|
0
|
|
|
| Beginning balance at Mar. 31, 2024 |
2,080,049,000
|
0
|
0
|
0
|
|
$ 0
|
$ 0
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
| Income / (loss) for the period |
(125,596,000)
|
|
|
|
|
|
|
$ (45,370,000)
|
$ (80,226,000)
|
| Ending balance (in shares) at Jun. 30, 2024 |
|
|
|
|
|
0
|
0
|
|
|
| Ending balance at Jun. 30, 2024 |
2,074,636,000
|
0
|
0
|
0
|
|
$ 0
|
$ 0
|
|
|
| Beginning balance (in shares) at Dec. 31, 2024 |
|
|
|
|
|
|
|
127,577,780
|
215,862,343
|
| Beginning balance at Dec. 31, 2024 |
|
|
|
|
|
|
|
$ 949,730,000
|
$ 1,244,622,000
|
| Increase (Decrease) in Partners' Capital [Roll Forward] |
|
|
|
|
|
|
|
|
|
| Equity based compensation |
20,202,000
|
|
|
|
|
|
|
7,547,000
|
12,655,000
|
| Distributions |
(39,881,000)
|
|
|
|
|
|
|
$ (15,017,000)
|
(24,864,000)
|
| Cancellation of Class A Units (in shares) |
|
|
|
|
|
|
|
(2,208,707)
|
|
| Cancellation of Class A Units |
(26,649,000)
|
|
|
|
|
|
|
$ (26,649,000)
|
|
| Issuance of class A units, net of issuance cost (in shares) |
|
|
|
|
|
|
|
5,533,779
|
|
| Issuance of Class A Units, net of issuance cost |
2,294,000
|
|
|
|
|
|
|
$ 2,294,000
|
|
| Income / (loss) for the period |
(326,337,000)
|
|
|
|
|
|
|
$ (121,592,000)
|
$ (204,745,000)
|
| Impact of Reorganization Transactions (in shares) |
|
|
|
|
|
130,902,852
|
|
(130,902,852)
|
(215,862,343)
|
| Impact of Reorganization Transactions |
248,700,000
|
631,524,000
|
306,192,000
|
1,134,298,000
|
|
$ 131,000
|
$ 215,862,343
|
$ (796,053,000)
|
$ (1,027,392,000)
|
| Other |
|
|
|
|
|
|
|
$ (260,000)
|
$ (276,000)
|
| Income / (loss) for the period |
(264,740,000)
|
|
|
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2025 |
|
|
|
|
|
|
|
0
|
0
|
| Ending balance at Jun. 30, 2025 |
|
|
|
|
|
|
|
$ 0
|
$ 0
|
| Beginning balance (in shares) at Dec. 31, 2024 |
|
|
|
|
170,332,037
|
0
|
0
|
|
|
| Beginning balance at Dec. 31, 2024 |
2,194,352,000
|
0
|
0
|
0
|
|
$ 0
|
$ 0
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
| Impact of Reorganization Transactions (in shares) |
|
|
|
|
|
130,902,852
|
|
(130,902,852)
|
(215,862,343)
|
| Impact of Reorganization Transactions |
248,700,000
|
631,524,000
|
306,192,000
|
1,134,298,000
|
|
$ 131,000
|
$ 215,862,343
|
$ (796,053,000)
|
$ (1,027,392,000)
|
| Equity based compensation |
7,388,000
|
3,137,000
|
|
4,251,000
|
|
|
|
|
|
| Cancellation of Class A common stock (in shares) |
|
|
|
|
|
(141,424)
|
|
|
|
| Cancellation of Class A common stock |
(2,236,000)
|
(2,235,000)
|
|
|
|
$ (1,000)
|
|
|
|
| Issuance of Class A common stock, net of issuance cost (in shares) |
|
|
|
|
|
27,593,598
|
|
|
|
| Issuance of Class A common stock, net of issuance cost |
474,688,000
|
474,660,000
|
|
|
|
$ 28,000
|
|
|
|
| Exchange of Class B common stock (in shares) |
|
|
|
|
|
11,977,011
|
(11,977,011)
|
|
|
| Exchange of Class B common stock |
|
66,722,000
|
|
(66,734,000)
|
|
$ 12,000
|
|
|
|
| Other |
10,100,000
|
|
|
10,636,000
|
|
|
|
|
|
| Income / (loss) for the period |
(264,740,000)
|
|
|
|
|
|
|
|
|
| Income / (loss) for the period |
61,597,000
|
|
26,151,000
|
35,446,000
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2025 |
|
|
|
|
170,332,037
|
170,332,037
|
203,885,332
|
|
|
| Ending balance at Jun. 30, 2025 |
2,624,218,000
|
1,173,808,000
|
332,343,000
|
1,117,897,000
|
|
$ 170,000
|
$ 0
|
|
|
| Beginning balance (in shares) at Mar. 31, 2025 |
|
|
|
|
|
|
|
128,002,717
|
215,862,343
|
| Beginning balance at Mar. 31, 2025 |
|
|
|
|
|
|
|
$ 840,027,000
|
$ 1,061,617,000
|
| Increase (Decrease) in Partners' Capital [Roll Forward] |
|
|
|
|
|
|
|
|
|
| Equity based compensation |
6,465,000
|
|
|
|
|
|
|
2,437,000
|
4,028,000
|
| Distributions |
(30,444,000)
|
|
|
|
|
|
|
$ (11,445,000)
|
(18,999,000)
|
| Cancellation of Class A Units (in shares) |
|
|
|
|
|
|
|
(2,147,667)
|
|
| Cancellation of Class A Units |
(23,361,000)
|
|
|
|
|
|
|
$ (23,361,000)
|
|
| Issuance of class A units, net of issuance cost (in shares) |
|
|
|
|
|
|
|
5,047,802
|
|
| Issuance of Class A Units, net of issuance cost |
47,000
|
|
|
|
|
|
|
$ 47,000
|
|
| Income / (loss) for the period |
(30,906,000)
|
|
|
|
|
|
|
$ (11,651,000)
|
$ (19,255,000)
|
| Impact of Reorganization Transactions (in shares) |
|
|
|
|
|
130,902,852
|
|
(130,902,852)
|
(215,862,343)
|
| Impact of Reorganization Transactions |
248,700,000
|
631,524,000
|
306,192,000
|
1,134,298,000
|
|
$ 131,000
|
$ 215,862,343
|
$ (796,054,000)
|
$ (1,027,391,000)
|
| Income / (loss) for the period |
30,691,000
|
|
|
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2025 |
|
|
|
|
|
|
|
0
|
0
|
| Ending balance at Jun. 30, 2025 |
|
|
|
|
|
|
|
$ 0
|
$ 0
|
| Beginning balance (in shares) at Mar. 31, 2025 |
|
|
|
|
|
0
|
0
|
|
|
| Beginning balance at Mar. 31, 2025 |
1,901,644,000
|
0
|
0
|
0
|
|
$ 0
|
$ 0
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
| Impact of Reorganization Transactions (in shares) |
|
|
|
|
|
130,902,852
|
|
(130,902,852)
|
(215,862,343)
|
| Impact of Reorganization Transactions |
248,700,000
|
631,524,000
|
306,192,000
|
1,134,298,000
|
|
$ 131,000
|
$ 215,862,343
|
$ (796,054,000)
|
$ (1,027,391,000)
|
| Equity based compensation |
7,389,000
|
3,137,000
|
|
4,252,000
|
|
|
|
|
|
| Cancellation of Class A common stock (in shares) |
|
|
|
|
|
(141,424)
|
|
|
|
| Cancellation of Class A common stock |
(2,236,000)
|
(2,235,000)
|
|
|
|
|
|
|
|
| Issuance of Class A common stock, net of issuance cost (in shares) |
|
|
|
|
|
27,593,598
|
|
|
|
| Issuance of Class A common stock, net of issuance cost |
474,688,000
|
474,660,000
|
|
|
|
$ 28,000
|
|
|
|
| Exchange of Class B common stock (in shares) |
|
|
|
|
|
11,977,011
|
(11,977,011)
|
|
|
| Exchange of Class B common stock |
0
|
66,722,000
|
|
(66,734,000)
|
|
$ 12,000
|
|
|
|
| Other |
10,635,000
|
|
|
10,635,000
|
|
|
|
|
|
| Income / (loss) for the period |
30,691,000
|
|
|
|
|
|
|
|
|
| Income / (loss) for the period |
61,597,000
|
|
26,151,000
|
35,446,000
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2025 |
|
|
|
|
170,332,037
|
170,332,037
|
203,885,332
|
|
|
| Ending balance at Jun. 30, 2025 |
$ 2,624,218,000
|
$ 1,173,808,000
|
$ 332,343,000
|
$ 1,117,897,000
|
|
$ 170,000
|
$ 0
|
|
|