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INCOME TAXES
6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
2026202520262025
(In thousands)
Income before income taxes$137,536$81,743$131,633$103,572
Income tax expense$14,423$7,327$13,645$9,894
Effective tax rate10.49 %8.96 %10.37 %9.55 %
The effective tax rate for the three and six months ended June 30, 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.