v3.25.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Moonrise Acquisition
Additional Paid in Capital
Additional Paid in Capital
Moonrise Acquisition
Retained Earnings (Deficit)
Non-controlling interest
Common Limited Partners’ Capital
Series A Preferred Units and Stock
Series A Preferred Units and Stock
Series A Preferred Stock
Series A Preferred Units and Stock
Common Limited Partners’ Capital
Common Class A
Common Stock
Common Class A
Common Stock
Moonrise Acquisition
Common Class B
Common Stock
Beginning balance at Dec. 31, 2023 $ 718,563   $ 0   $ 0 $ 0 $ 621,670   $ 0 $ 96,893 $ 0   $ 0
Equity [Roll Forward]                          
Net income (loss) 129,157           125,937     3,220      
Tax withholdings and associated payments on vested Summit LTIP awards (1,878)           (1,878)            
Ending balance at Mar. 31, 2024 848,614   0   0 0 748,501   0 100,113 0   0
Beginning balance at Dec. 31, 2023 718,563   0   0 0 621,670   0 96,893 0   0
Partners' Capital [Abstract]                          
Net income (loss) 129,157           125,937     3,220      
Equity compensation 2,772           2,772            
Tax withholdings and associated payments on vested Summit LTIP awards (1,878)           (1,878)            
Ending balance at Mar. 31, 2024 848,614   0   0 0 748,501   0 100,113 0   0
Beginning balance at Dec. 31, 2023 718,563   0   0 0 621,670   0 96,893 0   0
Equity [Roll Forward]                          
Moonrise Acquisition   $ 0                      
Ending balance at Jun. 30, 2024 823,052   0   0 0 719,626   0 103,426 0   0
Beginning balance at Dec. 31, 2023 718,563   0   0 0 621,670   0 96,893 0   0
Ending balance at Jun. 30, 2024 823,052   0   0 0 719,626   0 103,426 0   0
Beginning balance at Mar. 31, 2024 848,614   0   0 0 748,501   0 100,113 0   0
Equity [Roll Forward]                          
Net income (loss) (27,644)           (30,957)     3,313      
Tax withholdings and associated payments on vested Summit LTIP awards (4)           (4)            
Ending balance at Jun. 30, 2024 823,052   0   0 0 719,626   0 103,426 0   0
Beginning balance at Mar. 31, 2024 848,614   0   0 0 748,501   0 100,113 0   0
Partners' Capital [Abstract]                          
Net income (loss) (27,644)           (30,957)     3,313      
Equity compensation 2,086           2,086            
Tax withholdings and associated payments on vested Summit LTIP awards (4)           (4)            
Ending balance at Jun. 30, 2024 823,052   0   0 0 719,626   0 103,426 0   0
Beginning balance at Dec. 31, 2024 965,125   540,714   (183,333) 497,333 0   110,230 0 106   75
Equity [Roll Forward]                          
Net income (loss) 1,042       (1,887) (989)     3,918        
Dividend paid on Series A Preferred Stock (3,359)             $ (3,359)          
Equity compensation 2,375   2,375                    
Tax withholdings and associated payments on vested Summit LTIP awards (2,837)   (2,838)               1    
Moonrise Acquisition   17,895   $ 17,890               $ 5  
Conversion of Class B Common Stock and Partnership Common Units                     10   (10)
Tax impact of Up-C Structure (12,280)   (12,280)                    
Equity shift (See Note 11) 0   86,526     (86,526)              
Ending balance at Mar. 31, 2025 967,961   632,387   (185,220) 409,818 0   110,789 0 122   65
Beginning balance at Dec. 31, 2024 965,125   540,714   (183,333) 497,333 0   110,230 0 106   75
Partners' Capital [Abstract]                          
Net income (loss) 1,042       (1,887) (989)     3,918        
Tax withholdings and associated payments on vested Summit LTIP awards (2,837)   (2,838)               1    
Ending balance at Mar. 31, 2025 967,961   632,387   (185,220) 409,818 0   110,789 0 122   65
Beginning balance at Dec. 31, 2024 965,125   540,714   (183,333) 497,333 0   110,230 0 106   75
Equity [Roll Forward]                          
Net income (loss)           (3,969)              
Moonrise Acquisition   $ 17,895                      
Ending balance at Jun. 30, 2025 959,026   634,508   (193,248) 407,071 0   110,508 0 122   65
Beginning balance at Dec. 31, 2024 965,125   540,714   (183,333) 497,333 0   110,230 0 106   75
Partners' Capital [Abstract]                          
Net income (loss)           (3,969)              
Ending balance at Jun. 30, 2025 959,026   634,508   (193,248) 407,071 0   110,508 0 122   65
Beginning balance at Mar. 31, 2025 967,961   632,387   (185,220) 409,818 0   110,789 0 122   65
Equity [Roll Forward]                          
Net income (loss) (7,907)       (8,028) (2,980)     3,101        
Dividend paid on Series A Preferred Stock (3,382)             $ (3,382)          
Equity compensation 2,362   2,362                    
Tax withholdings and associated payments on vested Summit LTIP awards (8)   (8)                    
Equity shift (See Note 11) 0   (233)     233              
Ending balance at Jun. 30, 2025 959,026   634,508   (193,248) 407,071 0   110,508 0 122   65
Beginning balance at Mar. 31, 2025 967,961   632,387   (185,220) 409,818 0   110,789 0 122   65
Partners' Capital [Abstract]                          
Net income (loss) (7,907)       (8,028) (2,980)     3,101        
Tax withholdings and associated payments on vested Summit LTIP awards (8)   (8)                    
Ending balance at Jun. 30, 2025 $ 959,026   $ 634,508   $ (193,248) $ 407,071 $ 0   $ 110,508 $ 0 $ 122   $ 65