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INCOME TAXES
3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The Company is subject to U.S. federal income tax and state taxes. Income tax expense included in the Condensed Consolidated Financial Statements in this Quarterly Report on Form 10-Q is as follows:
Three Months Ended March 31,
20262025
(In thousands)
(Loss) income before income taxes$(5,903)$21,829
Income tax (benefit) expense$(778)$2,567
Effective tax rate13.18 %11.76 %
The effective tax rate for the three months ended March 31, 2026 and 2025 was lower than the statutory rate mainly due to the impact of tax attributable to noncontrolling interest related to the Common Unit limited partners.