v3.26.1
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 39,261,000 $ 6,437,000
Restricted cash 4,975,000 0
Accounts receivable - trade, net 1,189,516,000 608,221,000
Inventories 38,589,000 55,366,000
Other 27,050,000 17,442,000
Total current assets 1,299,391,000 687,466,000
FIXED ASSETS, at cost 5,392,151,000 5,374,060,000
Less: Accumulated depreciation (1,990,293,000) (1,908,737,000)
Net fixed assets 3,401,858,000 3,465,323,000
EQUITY INVESTEES 219,542,000 218,631,000
INTANGIBLE ASSETS, net of amortization 70,975,000 75,606,000
GOODWILL 301,959,000 301,959,000
RIGHT OF USE ASSETS, net 59,963,000 57,670,000
OTHER ASSETS, net of amortization 59,069,000 54,048,000
TOTAL ASSETS 5,412,757,000 4,860,703,000
CURRENT LIABILITIES:    
Accounts payable - trade 1,096,530,000 490,712,000
Accrued liabilities 203,003,000 208,980,000
Accounts receivable securitization credit facility 99,500,000 0
Total current liabilities 1,399,033,000 699,692,000
SENIOR SECURED CREDIT FACILITY 0 6,400,000
SENIOR UNSECURED NOTES, net of debt issuance costs and discount 3,104,316,000 3,040,415,000
DEFERRED TAX LIABILITIES 17,126,000 17,405,000
OTHER LONG-TERM LIABILITIES 439,456,000 388,707,000
Total liabilities 4,959,931,000 4,152,619,000
MEZZANINE CAPITAL:    
Class A Convertible Preferred Units, 9,236,530 and 15,695,722 issued and outstanding at June 30, 2026 and December 31, 2025, respectively 325,146,000 552,523,000
PARTNERS’ CAPITAL (DEFICIT):    
Common unitholders, 122,214,318 and 122,464,318 units issued and outstanding at June 30, 2026 and December 31, 2025, respectively (336,836,000) (314,346,000)
Noncontrolling interests 464,516,000 469,907,000
Total partners’ capital 127,680,000 155,561,000
TOTAL LIABILITIES, MEZZANINE CAPITAL AND PARTNERS’ CAPITAL $ 5,412,757,000 $ 4,860,703,000