v3.26.1
PROPERTY AND EQUIPMENT (Tables)
3 Months Ended
Mar. 31, 2026
PROPERTY AND EQUIPMENT  
Schedule of property and equipment, net

  ​ ​ ​

  ​ ​ ​

March 31, 2026

  ​ ​ ​

December 31, 2025

(in thousands)

Machinery and equipment

$

562,717

$

561,560

Gathering and disposal infrastructure

 

428,496

 

418,044

Pipelines

236,550

226,303

Recycling facilities

176,039

168,714

Buildings and leasehold improvements

 

107,789

 

108,872

Land

46,412

46,412

Computer equipment and software

7,914

8,260

Vehicles and equipment

 

6,250

 

7,247

Machinery and equipment - finance lease

 

3,137

 

3,137

Office furniture and equipment

 

1,195

 

1,213

Computer equipment and software - finance lease

 

824

 

824

Construction in progress

 

95,643

 

78,820

 

1,672,966

 

1,629,406

Less accumulated depreciation(1)

 

(736,935)

 

(717,223)

Total property and equipment, net

$

936,031

$

912,183

(1)Includes $1.7 million and $1.6 million of accumulated depreciation related to finance leases as of March 31, 2026 and December 31, 2025, respectively.
Schedule of amortization and depreciation expenses

Three months ended March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

(in thousands)

Category

Depreciation expense from property and equipment

$

41,041

$

34,044

Amortization expense from finance leases

181

169

Amortization expense from intangible assets

4,379

4,378

Accretion expense from asset retirement obligations

1,262

1,009

Total depreciation, amortization and accretion

$

46,863

$

39,600