v3.25.2
EQUITY AND MEZZANINE EQUITY (Tables)
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Schedule of Number of Shares of Common Stock and Number of Partnership Common Units Not Owned An update on the number of shares of common stock follows for the period from December 31, 2024 to June 30, 2025:
Shares of Common Stock
Shares, December 31, 202410,659,220 
Conversion of Class B Common Stock and Partnership Common Units946,541 
Shares issued for SMLP LTIP, net173,838 
Moonrise Acquisition462,265 
Shares, June 30, 202512,241,864 
An update on the number of Partnership Common Units not owned by the Company follows for the period from December 31, 2024 to June 30, 2025.
Partnership Common Units
Units, December 31, 20247,471,008 
Conversion of Partnership Common Units(946,541)
Units, June 30, 20256,524,467 
Schedule of Stock by Class
An update on the number of shares of Class B Common Stock follows for the period from December 31, 2024 to June 30, 2025.
Shares of
Class B Common Stock
Shares, December 31, 20247,471,008 
Conversion of Class B Common Stock(946,541)
Shares, June 30, 20256,524,467 
Schedule of Change in Subsidiary
The following table shows the change in the Company’s Subsidiary Series A Preferred Unit balance from December 31, 2024 to June 30, 2025, net of $0.8 million and $1.1 million of unamortized issuance costs as of June 30, 2025 and December 31, 2024, respectively:
(In thousands)
Balance, December 31, 2024$132,946 
Redemption accretion, net of issuance cost amortization7,271 
Cash distribution (includes a $1.6 million distribution payable as of June 30, 2025)
(3,257)
Balance, June 30, 2025$136,960 
Schedule of Noncontrolling Interest
The following table shows the changes in noncontrolling interest during the periods presented:
Noncontrolling
Interest
(In thousands)
Balance, December 31, 2024$497,333 
Net loss(3,969)
Equity shift - Change in Ownership of Consolidated Subsidiary(86,293)
Balance as of June 30, 2025$407,071