v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income including noncontrolling interest $ 117,988 $ 93,678
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 205,164 186,436
Amortization of deferred financing costs 3,913 3,984
Amortization of contract costs 4,004 3,310
Distributions from unconsolidated affiliates 130,222 126,941
Derivative settlement (27,262) (5,657)
Derivative fair value adjustment 18,829 (15,370)
Gain on disposal of assets, net (55) (65)
Equity in earnings of unconsolidated affiliates (108,571) (116,183)
Loss on debt extinguishment 0 635
Share-based compensation 29,727 30,348
Deferred income taxes 13,643 9,409
Changes in operating assets and liabilities:    
Accounts and pledged receivable (35,457) (73)
Other assets (5,281) (5,525)
Accounts payable (8,316) (9,846)
Accrued liabilities 17,390 (19,142)
Other non-current liabilities (14,332) 22,436
Operating leases (86) 591
Net cash provided by operating activities 341,520 305,907
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property, plant and equipment expenditures (192,263) (201,840)
Intangible asset expenditures (12,096) (15,567)
Investments in unconsolidated affiliates 0 (985)
Distributions from unconsolidated affiliates 0 2,853
Cash proceeds from disposal of assets 120 98
Net cash paid for acquisition 0 (176,163)
Net cash used in investing activities (204,239) (391,604)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowing under A/R Facility 83,900 73,300
Payments on A/R Facility (24,100) (24,200)
Proceeds from borrowings on long-term debt 0 1,400,000
Payments on long-term debt 0 (1,000,000)
Payments of debt issuance costs, net (152) (10,689)
Payments of debt discount, net 0 (1,200)
Proceeds from revolving line of credit 302,000 1,126,000
Payments on revolving line of credit (232,000) (1,151,000)
Cash dividends paid to Class A Common Stock shareholders (112,146) (94,950)
Distributions paid to Class C Common Unit limited partners (150,904) (151,883)
Repurchase of Class A Common Stock 0 (72,554)
Net cash (used in) provided by financing activities (133,402) 92,824
Net change in cash 3,879 7,127
CASH, BEGINNING OF PERIOD 3,951 3,606
CASH, END OF PERIOD 7,830 10,733
SUPPLEMENTAL SCHEDULE OF INVESTING AND FINANCING ACTIVITIES    
Cash paid for interest, net of amounts capitalized 104,725 103,441
Cash paid for income taxes, net 0 2,410
Property and equipment and intangible accruals in accounts payable and accrued liabilities 50,327 67,212
Right-of-use assets obtained in exchange for lease liabilities 0 17,732
Class A Common Stock issued through dividend and distribution reinvestment plan 1,087 724
Fair value of assets acquired in business combinations 0 191,815
Cash consideration paid 0 176,163
Liabilities assumed $ 0 $ 15,652