v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 7,830 $ 3,951
Accounts receivable, net of allowance for credit losses of $1,000 in 2026 and 2025 60,933 85,276
Accounts receivable pledged 225,000 165,200
Derivative assets 19,792 13,906
Prepaid and other current assets 36,134 33,703
Current assets 349,689 302,036
NONCURRENT ASSETS:    
Property, plant and equipment, net 3,943,428 3,866,236
Intangible assets, net 493,561 553,230
Derivative asset, non-current 4,043 1,467
Operating lease right-of-use assets 50,110 71,147
Deferred tax assets 281,570 197,702
Deferred charges and other assets 87,918 89,991
Investments in unconsolidated affiliates 1,987,074 2,008,725
Goodwill 5,077 5,077
Noncurrent assets 6,852,781 6,793,575
Total assets 7,202,470 7,095,611
CURRENT LIABILITIES:    
Accounts payable 48,643 42,067
Accrued expenses 173,055 172,050
Derivative liabilities 5,110 5,506
Current portion of operating lease liabilities 35,502 43,614
Current debt obligations 225,000 165,200
Other current liabilities 25,086 12,064
Current liabilities 512,396 440,501
NONCURRENT LIABILITIES    
Long term debt, net 3,700,562 3,627,720
Contract liabilities 37,823 30,959
Operating lease liabilities 16,022 29,033
Derivative liabilities 425 0
Other liabilities 385 14,717
Deferred tax liabilities 22,815 22,299
Noncurrent liabilities 3,778,032 3,724,728
Total liabilities 4,290,428 4,165,229
COMMITMENTS AND CONTINGENCIES (Note 16)
Redeemable noncontrolling interest — Common Unit limited partners 4,097,184 3,495,762
EQUITY:    
Additional paid-in capital 494,989 240,725
Accumulated deficit (1,680,147) (806,121)
Total equity (1,185,142) (565,380)
Total liabilities, noncontrolling interest and equity 7,202,470 7,095,611
Common Class A    
EQUITY:    
Common stock 8 6
Common Class C    
EQUITY:    
Common stock $ 8 $ 10