v3.26.1
ACCRUED EXPENSES
 3 Months Ended
Mar. 31, 2026
Payables and Accruals [Abstract]  
ACCRUED EXPENSES ACCRUED EXPENSES
The following table provides the Company’s current accrued expenses on March 31, 2026 and December 31, 2025:
March 31,December 31,
 20262025
(In thousands)
Accrued product purchases$129,720 $118,240 
Accrued taxes8,512 5,106 
Accrued salaries, vacation, and related benefits5,100 3,540 
Accrued capital expenditures20,789 15,309 
Accrued interest38,813 6,681 
Accrued other expenses24,637 23,174 
Total accrued expenses$227,571 $172,050 
Accrued product purchases mainly accrue the liabilities related to producer payments and any additional business-related miscellaneous fees we owe to third parties, such as transport or capacity fees as of March 31, 2026 and December 31, 2025.
Accrued interest increased by $32.1 million, or over 400%, to $38.8 million as of March 31, 2026, compared to $6.7 million as of December 31, 2025. The increase was primarily due to payments of accrued interest on the 2028 Notes and 2030 Notes made in December 2025 pursuant to the loan agreements. The next interest payments on the 2028 Notes and 2030 Notes will be due in June 2026.