PROPERTY, PLANT AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

Property, plant and equipment, at carrying value, is as follows:


	March 31,		December 31,
	2026		2025

	(In thousands)
Gathering, processing, and transmission systems and facilities	$	4,755,841	$	4,741,741
Vehicles	20,926		19,802
Computers and equipment	14,586		12,509
Less: accumulated depreciation	(1,113,875)		(1,048,589)
Total depreciable assets, net	3,677,478		3,725,463
Construction in progress	178,367		105,219
Land	35,820		35,554
Total property, plant, and equipment, net	$	3,891,665	$	3,866,236

The cost of property classified as “Construction in progress” is excluded from capitalized costs being depreciated. These amounts represent property that is not yet available to be placed into productive service as of the respective reporting date. The Company recorded $65.4 million and $62.1 million of depreciation expense for the three months ended March 31, 2026 and 2025, respectively. There were no impairment triggering events for property, plant and equipment during the three months ended March 31, 2026 and 2025.