| Schedule of Change in Equity Investment |
The change in our equity investment in YELP is as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Beginning balance | $ | 70,294 | | | $ | 62,456 | | | $ | 69,740 | | | $ | 57,167 | | | | | | | | | | | Equity earnings from YELP | 5,125 | | | 5,842 | | | 8,850 | | | 11,479 | | Amortization of basis difference | (348) | | | (348) | | | (696) | | | (696) | | | | | | | | | | | Dividends received | — | | | — | | | (2,823) | | | — | | | | | | | | | | | Ending balance | $ | 75,071 | | | $ | 67,950 | | | $ | 75,071 | | | $ | 67,950 | |
The change in our equity investment in YPLC is as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Beginning balance | $ | 31,366 | | | $ | 31,369 | | | $ | 28,914 | | | $ | 29,144 | | | | | | | | | | | Equity earnings from YPLC | 2,652 | | | 1,773 | | | 5,066 | | | 3,960 | | | Accretion of basis difference | 39 | | | 38 | | | 77 | | | 76 | | | | | | | | | | | Dividends received | — | | | (5,840) | | | — | | | (5,840) | | | | | | | | | | | Ending balance | $ | 34,057 | | | $ | 27,340 | | | $ | 34,057 | | | $ | 27,340 | |
The change in our equity investment in Laramie Energy is as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Beginning balance | $ | 44,985 | | | $ | 13,224 | | | $ | 35,806 | | | $ | 12,498 | | | Equity earnings (losses) from Laramie Energy | (3,072) | | | 242 | | | 4,701 | | | (646) | | | Accretion of basis difference | 1,406 | | | 1,614 | | | 2,812 | | | 3,228 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ending balance | $ | 43,319 | | | $ | 15,080 | | | $ | 43,319 | | | $ | 15,080 | |
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