v3.26.1
Segment Data - Schedule of Segments (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]        
Revenues $ 384,760 $ 246,350 $ 682,226 $ 496,280
Operating expenses 37,667 36,481 79,104 76,022
Proportional EBITDA from equity method investments (20,710) (17,041) (39,029) (33,856)
Other segment items 51 622 1,372 (3,603)
Segment EBITDA 130,317 106,954 234,773 209,359
Corporate expenses and other 10,277 10,360 19,877 20,614
Proportional interest, taxes, depreciation and amortization from equity-method investments 6,219 6,505 12,915 13,170
Depreciation and amortization 37,405 27,097 73,906 54,813
Interest income 22,545 23,538 54,830 46,085
Interest expense 70,090 41,711 121,682 82,812
Income tax expense 0 245 0 427
Net income 28,871 44,574 61,223 83,608
Capital spending 60,874 119,189 110,699 191,132
Affiliated Entity        
Segment Reporting [Line Items]        
Revenues [1] 204,764 114,083 371,454 240,404
Cost of materials and other [1] 148,955 84,411 257,140 174,377
Operating expenses 23,623 21,153 52,301 43,093
Nonrelated Party        
Segment Reporting [Line Items]        
Revenues 179,996 132,267 310,772 255,876
Cost of materials and other 90,007 34,950 150,433 74,036
Operating Segments Excluding Intersegment Elimination        
Segment Reporting [Line Items]        
Cost of materials and other 237,435 119,334 406,006 248,358
Segment Reporting, Reconciling Item, Corporate Nonsegment        
Segment Reporting [Line Items]        
Depreciation and amortization 773 759 1,540 1,519
Interest income 0 0 0 0
Capital spending 0 0 0 0
Gathering and Processing        
Segment Reporting [Line Items]        
Revenues 195,139 117,767 349,815 236,370
Gathering and Processing | Operating Segments        
Segment Reporting [Line Items]        
Revenues 195,139 117,767 349,815 236,370
Cost of materials and other 71,939 21,748 122,240 46,092
Operating expenses 29,739 31,516 62,178 62,097
Proportional EBITDA from equity method investments 0 0 0 0
Other segment items 75 556 1,391 (3,705)
Segment EBITDA 93,386 63,947 164,006 131,886
Depreciation and amortization 33,870 24,085 67,111 48,808
Interest income 10,004 11,113 20,162 22,478
Capital spending 59,623 117,218 109,142 188,529
Gathering and Processing | Operating Segments | Affiliated Entity        
Segment Reporting [Line Items]        
Revenues 63,137 39,098 112,383 77,665
Gathering and Processing | Operating Segments | Nonrelated Party        
Segment Reporting [Line Items]        
Revenues 132,002 78,669 237,432 158,705
Wholesale Marketing and Terminalling        
Segment Reporting [Line Items]        
Revenues 162,728 104,615 280,524 211,314
Wholesale Marketing and Terminalling | Operating Segments        
Segment Reporting [Line Items]        
Revenues 162,728 104,615 280,524 211,314
Cost of materials and other 151,562 84,496 256,694 174,149
Operating expenses 2,551 1,171 5,423 4,970
Proportional EBITDA from equity method investments 0 0 0 0
Other segment items 5 9 35 19
Segment EBITDA 8,610 18,939 18,372 32,176
Depreciation and amortization 762 952 1,530 1,904
Interest income 4,089 4,109 8,106 8,270
Capital spending 450 65 561 155
Wholesale Marketing and Terminalling | Operating Segments | Affiliated Entity        
Segment Reporting [Line Items]        
Revenues 115,853 52,367 209,779 117,075
Wholesale Marketing and Terminalling | Operating Segments | Nonrelated Party        
Segment Reporting [Line Items]        
Revenues 46,875 52,248 70,745 94,239
Storage and Transportation        
Segment Reporting [Line Items]        
Revenues 26,893 23,968 51,887 48,596
Storage and Transportation | Operating Segments        
Segment Reporting [Line Items]        
Revenues 26,893 23,968 51,887 48,596
Cost of materials and other 13,934 13,090 27,072 28,117
Operating expenses 5,377 3,794 11,503 8,955
Proportional EBITDA from equity method investments 0 0 0 0
Other segment items (29) 57 (54) 83
Segment EBITDA 7,611 7,027 13,366 11,441
Depreciation and amortization 2,000 1,301 3,725 2,582
Interest income 8,452 8,316 26,562 15,337
Capital spending 801 1,906 996 2,448
Storage and Transportation | Operating Segments | Affiliated Entity        
Segment Reporting [Line Items]        
Revenues 25,774 22,618 49,292 45,664
Storage and Transportation | Operating Segments | Nonrelated Party        
Segment Reporting [Line Items]        
Revenues 1,119 1,350 2,595 2,932
Investments in Pipeline Joint Ventures | Operating Segments        
Segment Reporting [Line Items]        
Revenues 0 0 0 0
Cost of materials and other 0 0 0 0
Operating expenses 0 0 0 0
Proportional EBITDA from equity method investments (20,710) (17,041) (39,029) (33,856)
Other segment items 0 0 0 0
Segment EBITDA 20,710 17,041 39,029 33,856
Depreciation and amortization 0 0 0 0
Interest income 0 0 0 0
Capital spending 0 0 0 0
Investments in Pipeline Joint Ventures | Operating Segments | Affiliated Entity        
Segment Reporting [Line Items]        
Revenues 0 0 0 0
Investments in Pipeline Joint Ventures | Operating Segments | Nonrelated Party        
Segment Reporting [Line Items]        
Revenues $ 0 $ 0 $ 0 $ 0
[1] See Note 3 for a description of our material affiliate revenue and purchases transactions.