PROPERTY, PLANT AND EQUIPMENT |
5. PROPERTY, PLANT AND EQUIPMENT Details on the Company’s property, plant and equipment follow. | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | (In thousands) | Gathering and processing systems and related equipment | $ | 2,488,302 | | | $ | 2,372,881 | | Construction in progress | 58,117 | | | 57,611 | | Land and line fill | 12,858 | | | 12,816 | | Other | 66,486 | | | 66,303 | | Total | 2,625,763 | | | 2,509,611 | | Less: accumulated depreciation | (772,609) | | | (724,582) | | Property, plant and equipment, net | $ | 1,853,154 | | | $ | 1,785,029 | |
Depreciation expense and capitalized interest for the Company follow. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | (In thousands) | | | | | Depreciation expense | $ | 25,893 | | | $ | 20,357 | | | $ | 50,938 | | | $ | 43,928 | | Capitalized interest | 460 | | | 175 | | | 857 | | | 647 | |
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