v3.26.1
SEGMENTS - Schedule of Adjusted EBITDA (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]    
Total segment operating revenue $ 409,976 $ 443,263
Costs of sales (excluding depreciation and amortization) [1],[2] (188,724) (223,364)
Operating expenses (79,076) (70,394)
General and administrative expenses (44,200) (37,592)
Proportionate EMI EBITDA 70,029 87,530
Other segment items 83,195 50,574
Segment adjusted EBITDA 251,200 250,017
Other interest income 167 790
Equity in earnings of unconsolidated affiliates 51,188 57,478
Interest expense 53,420 55,714
Depreciation and amortization expense 101,833 92,673
Amortization of contract costs 1,950 1,656
Share-based compensation 20,663 20,653
Gain on disposal of assets, net 19 40
Commodity hedging unrealized gain 46,987 18,127
Integration costs 368 3,538
Litigation costs 11,613 3,015
Other one-time costs or amortization 1,614 3,590
(Loss) income before income taxes (5,903) 21,829
Product and Service    
Segment Reporting Information [Line Items]    
Total segment operating revenue 406,005 440,431
Other revenue    
Segment Reporting Information [Line Items]    
Total segment operating revenue 3,971 2,832
Operating Segments | Midstream Logistics    
Segment Reporting Information [Line Items]    
Total segment operating revenue 407,682 440,855
Costs of sales (excluding depreciation and amortization) (188,588) (223,360)
Operating expenses (78,302) (69,909)
General and administrative expenses (5,510) (7,125)
Proportionate EMI EBITDA 0 0
Other segment items 50,463 24,541
Segment adjusted EBITDA 178,921 160,198
Other interest income 0 0
Equity in earnings of unconsolidated affiliates 0 0
Interest expense 48 28
Depreciation and amortization expense 99,498 90,359
Amortization of contract costs 1,950 1,656
Share-based compensation 0 0
Gain on disposal of assets, net 19 40
Commodity hedging unrealized gain 46,987 18,127
Integration costs 0 2,475
Litigation costs 0 0
Other one-time costs or amortization 1,526 2,288
(Loss) income before income taxes 28,931 45,305
Operating Segments | Midstream Logistics | Product and Service    
Segment Reporting Information [Line Items]    
Total segment operating revenue 403,720 438,025
Operating Segments | Midstream Logistics | Other revenue    
Segment Reporting Information [Line Items]    
Total segment operating revenue 3,962 2,830
Operating Segments | Pipeline Transportation    
Segment Reporting Information [Line Items]    
Total segment operating revenue 9,118 7,212
Costs of sales (excluding depreciation and amortization) (136) (4)
Operating expenses (774) (485)
General and administrative expenses (260) (372)
Proportionate EMI EBITDA 70,029 87,530
Other segment items 0 0
Segment adjusted EBITDA 77,977 93,881
Other interest income 0 0
Equity in earnings of unconsolidated affiliates 51,188 57,478
Interest expense 0 0
Depreciation and amortization expense 2,329 2,308
Amortization of contract costs 0 0
Share-based compensation 0 0
Gain on disposal of assets, net 0 0
Commodity hedging unrealized gain 0 0
Integration costs 0 0
Litigation costs 0 0
Other one-time costs or amortization 0 0
(Loss) income before income taxes 56,807 61,521
Operating Segments | Pipeline Transportation | Product and Service    
Segment Reporting Information [Line Items]    
Total segment operating revenue 2,285 2,406
Operating Segments | Pipeline Transportation | Other revenue    
Segment Reporting Information [Line Items]    
Total segment operating revenue 9 2
Corporate And Eliminations    
Segment Reporting Information [Line Items]    
Total segment operating revenue 0 0
Costs of sales (excluding depreciation and amortization) 0 0
Corporate and Other    
Segment Reporting Information [Line Items]    
Total segment operating revenue 0 0
Costs of sales (excluding depreciation and amortization) 0 0
Operating expenses 0 0
General and administrative expenses (38,430) (30,095)
Proportionate EMI EBITDA 0 0
Other segment items 32,732 26,033
Segment adjusted EBITDA (5,698) (4,062)
Other interest income 167 790
Equity in earnings of unconsolidated affiliates 0 0
Interest expense 53,372 55,686
Depreciation and amortization expense 6 6
Amortization of contract costs 0 0
Share-based compensation 20,663 20,653
Gain on disposal of assets, net 0 0
Commodity hedging unrealized gain 0 0
Integration costs 368 1,063
Litigation costs 11,613 3,015
Other one-time costs or amortization 88 1,302
(Loss) income before income taxes (91,641) (84,997)
Corporate and Other | Product and Service    
Segment Reporting Information [Line Items]    
Total segment operating revenue 0 0
Corporate and Other | Other revenue    
Segment Reporting Information [Line Items]    
Total segment operating revenue 0 0
Elimination    
Segment Reporting Information [Line Items]    
Total segment operating revenue (6,824) (4,804)
Costs of sales (excluding depreciation and amortization) 6,824 4,804
Operating expenses 0 0
General and administrative expenses 0 0
Proportionate EMI EBITDA 0 0
Other segment items 0 0
Segment adjusted EBITDA 0 0
Other interest income 0 0
Equity in earnings of unconsolidated affiliates 0 0
Interest expense 0 0
Depreciation and amortization expense 0 0
Amortization of contract costs 0 0
Share-based compensation 0 0
Gain on disposal of assets, net 0 0
Commodity hedging unrealized gain 0 0
Integration costs 0 0
Litigation costs 0 0
Other one-time costs or amortization 0 0
(Loss) income before income taxes 0 0
Elimination | Product and Service    
Segment Reporting Information [Line Items]    
Total segment operating revenue 0 0
Elimination | Other revenue    
Segment Reporting Information [Line Items]    
Total segment operating revenue 0 0
Elimination | Midstream Logistics    
Segment Reporting Information [Line Items]    
Total segment operating revenue 0 0
Costs of sales (excluding depreciation and amortization) (6,824) (4,804)
Elimination | Pipeline Transportation    
Segment Reporting Information [Line Items]    
Total segment operating revenue 6,824 4,804
Costs of sales (excluding depreciation and amortization) $ 0 $ 0
[1] Costs of sales (excluding depreciation and amortization) is net of gas service revenues totaling $102.3 million and $62.2 million for the three months ended March 31, 2026 and 2025, respectively, for certain volumes where we function as principal.
[2] Includes amounts associated with related parties of $7.1 million and $4.7 million for the three months ended March 31, 2026 and 2025, respectively.