v3.26.1
PROPERTY, PLANT AND EQUIPMENT, NET
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET PROPERTY, PLANT AND EQUIPMENT, NET
Property, plant and equipment, at carrying value, is as follows:
June 30,December 31,
20262025
(In thousands)
Gathering, processing, and transmission systems and facilities$4,796,165 $4,741,741 
Vehicles22,795 19,802
Computers and equipment15,407 12,509
Less: accumulated depreciation(1,180,507)(1,048,589)
Total depreciable assets, net3,653,860 3,725,463 
Construction in progress250,539 105,219
Land39,029 35,554 
Total property, plant, and equipment, net$3,943,428 $3,866,236 
The cost of property classified as “Construction in progress” is excluded from capitalized costs being depreciated. These amounts represent property that is not yet available to be placed into productive service as of the respective reporting date. The Company recorded $66.7 million and $57.0 million of depreciation expense for the three months ended June 30, 2026 and 2025, respectively, and $132.1 million and $119.1 million for the six months ended June 30, 2026 and 2025, respectively. There were no impairment triggering events for property, plant and equipment during the three and six months ended June 30, 2026 and 2025.