v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 75,748,000 $ (450,295,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities -    
Depreciation and amortization 122,042,000 130,938,000
Gain on sale of assets (17,436,000) 0
Amortization and write-off of debt issuance costs, premium and discount 8,535,000 7,406,000
Loss from disposal of discontinued operations 0 432,193,000
Equity in earnings of investments in equity investees (32,522,000) (24,822,000)
Cash distributions of earnings of equity investees 32,225,000 24,560,000
Non-cash effect of long-term incentive compensation plans 2,772,000 5,638,000
Deferred and other tax liabilities (279,000) (68,000)
Unrealized losses (gains) on derivative transactions 45,000 (238,000)
Other, net 6,827,000 16,539,000
Net changes in components of operating assets and liabilities (Note 15) 64,527,000 (70,059,000)
Net cash provided by operating activities 262,484,000 71,792,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payments to acquire fixed and intangible assets (53,134,000) (136,142,000)
Proceeds from disposal of discontinued operations, net of cash divested 0 996,642,000
Cash distributions received from equity investees - return of investment 8,286,000 11,949,000
Investments in equity investees (9,176,000) 0
Proceeds from asset sales 8,901,000 692,000
Net cash provided by (used in) investing activities (45,123,000) 873,141,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on senior secured credit facility 707,100,000 494,900,000
Repayments on senior secured credit facility (713,500,000) (714,300,000)
Borrowings on accounts receivable securitization credit facility (Note 10) 99,500,000 0
Proceeds from issuance of senior unsecured notes (Note 10) 750,000,000 0
Repayment of senior unsecured notes (679,933,000) (414,370,000)
Debt issuance costs (18,313,000) (1,482,000)
Contributions from noncontrolling interests 2,340,000 30,389,000
Distributions to noncontrolling interests (33,822,000) (24,237,000)
Distributions to common unitholders (44,088,000) (40,414,000)
Distributions to Class A Convertible Preferred unitholders (Note 11) (30,197,000) (41,836,000)
Redemption of Class A Convertible Preferred Units (Note 11) (221,594,000) (262,500,000)
Repurchase of Class A Common Units (Note 11) (3,646,000) 0
Other, net 6,591,000 3,817,000
Net cash used in financing activities (179,562,000) (970,033,000)
Net increase (decrease) in cash, cash equivalents and restricted cash 37,799,000 (25,100,000)
Cash, cash equivalents and restricted cash at beginning of period 44,236,000 4,452,000
Cash, cash equivalents, and restricted cash at beginning of period: discontinued operations 0 22,200,000
Cash and cash equivalents at beginning of period: continuing operations 6,437,000 7,352,000
Cash, cash equivalents and restricted cash at end of period $ 44,236,000 $ 4,452,000