v3.25.2
Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Total revenues $ 250,125 $ 235,313 $ 495,359 $ 464,589
Costs and expenses:        
Cost of operations, exclusive of depreciation and amortization 86,499 78,162 168,117 153,234
Depreciation and amortization 70,841 65,313 141,234 128,564
Selling, general, and administrative 12,896 14,173 31,758 37,000
Loss (gain) on disposition of assets 39 (18) 1,364 1,236
Impairment of assets 3,242 311 6,887 311
Total costs and expenses 173,517 157,941 349,360 320,345
Operating income 76,608 77,372 145,999 144,244
Other income (expense):        
Interest expense, net (47,674) (48,828) (95,043) (95,494)
Loss on extinguishment of debt 0 0 0 (4,966)
Gain on derivative instrument 0 3,131 0 11,902
Other 16 26 41 60
Total other expense (47,658) (45,671) (95,002) (88,498)
Net income before income tax expense 28,950 31,701 50,997 55,746
Income tax expense 391 463 1,926 935
Net income 28,559 31,238 49,071 54,811
Less: distributions on Preferred Units (1,950) (4,387) (6,338) (8,775)
Net income attributable to common unitholders’ interests $ 26,609 $ 26,851 $ 42,733 $ 46,036
Weighted average common units outstanding - basic (in shares) 119,003 116,849 118,258 109,692
Weighted average common units outstanding - diluted (in shares) 119,503 117,972 118,879 110,789
Basic net income per common unit (in dollars per share) $ 0.22 $ 0.23 $ 0.36 $ 0.42
Diluted net income per common unit (in dollars per share) 0.22 0.23 0.36 0.42
Distributions declared per common unit for respective periods (in dollars per share) $ 0.525 $ 0.525 $ 1.05 $ 1.05
Contract operations        
Revenues:        
Total revenues $ 227,277 $ 223,643 $ 452,252 $ 441,747
Parts and service        
Revenues:        
Total revenues 6,507 5,827 11,601 11,287
Related party        
Revenues:        
Total revenues $ 16,341 $ 5,843 $ 31,506 $ 11,555