v3.26.1
INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Liabilities Subject to Amortization
Details regarding the Company’s intangible assets follow.
December 31, 2025
Gross carrying amountAccumulated amortizationNet
(In thousands)
Favorable gas gathering contracts$21,063 $(17,623)$3,440 
Contract intangibles146,900 (141,439)5,461 
Rights-of-way209,022 (72,795)136,227 
Indefinite-lived intangibles8,436 — 8,436 
Total intangible assets
$385,421 $(231,857)$153,564 
December 31, 2024
Gross carrying amountAccumulated amortizationNet
(In thousands)
Favorable gas gathering contracts$21,063 $(16,685)$4,378 
Contract intangibles146,900 (134,885)12,015 
Rights-of-way197,077 (67,627)129,450 
Indefinite-lived intangibles8,436 — 8,436 
Total intangible assets
$373,476 $(219,197)$154,279 
Schedule of Recognized Amortization Expense in Other Revenues and Cost and Expenses
The Company recognized amortization expense of its favorable gas gathering contracts in Other revenues as follows:
Year ended December 31,
202520242023
(In thousands)
Amortization expense – favorable gas gathering contracts$938 $938 $938 
The Company recognized amortization expense of its contract and right of way intangibles in costs and expenses as follows:
Year ended December 31,
202520242023
(In thousands)
Amortization expense – contract intangibles$6,554 $7,093 $18,881 
Amortization expense – rights-of-way8,730 7,940 8,576 
Schedule of Estimated Aggregate Annual Amortization Expected to be Recognized
The Company’s estimated aggregate annual amortization expected to be recognized for each of the five succeeding fiscal years and thereafter, as of December 31, 2025, follows.
(In thousands)
2026$14,967 
20279,506 
20289,338 
20298,893 
20308,233