CONSOLIDATED AND COMBINED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenues | ||||
| Total revenues | $ 186,768 | $ 122,286 | $ 375,132 | $ 218,447 |
| Expenses | ||||
| Operating expenses | 117,333 | 74,435 | 237,727 | 141,480 |
| General and administrative | 3,674 | 3,862 | 7,228 | 8,975 |
| Acquisition and transaction expenses | 6,021 | 8,704 | 12,841 | 12,219 |
| Management fees and incentive allocation to affiliate | 3,677 | 3,680 | 7,769 | 6,222 |
| Depreciation and amortization | 39,511 | 33,998 | 90,202 | 59,010 |
| Asset impairment | 63,188 | 4,401 | 63,188 | 4,401 |
| Total expenses | 233,404 | 129,080 | 418,955 | 232,307 |
| Other (expense) income | ||||
| Equity in (losses) earnings of unconsolidated entities | (560) | (1,995) | (1,078) | 3,319 |
| (Loss) gain on sale of assets, net | (16) | 0 | (582) | 119,828 |
| Loss on modification or extinguishment of debt | (1,602) | (4,066) | (47,516) | (4,073) |
| Interest expense | (105,492) | (59,204) | (187,979) | (102,316) |
| Other income | 3,287 | 3,052 | 6,271 | 6,745 |
| Total other (expense) income | (104,383) | (62,213) | (230,884) | 23,503 |
| (Loss) income before income taxes | (151,019) | (69,007) | (274,707) | 9,643 |
| (Benefit from) provision for income taxes | (11,576) | 952 | (8,053) | (40,562) |
| Net (loss) income | (139,443) | (69,959) | (266,654) | 50,205 |
| Less: Net loss attributable to non-controlling interests in consolidated subsidiaries - common stockholders | 11,377 | 11,100 | 25,637 | 22,501 |
| Less: Dividends and accretion of redeemable preferred stock | 33,230 | 0 | 70,451 | 0 |
| Less: Dividends and accretion of redeemable preferred stock | 657 | 20,957 | 657 | 42,798 |
| Less: Convertible preferred stock dividend | 4,511 | 4,082 | 8,864 | 5,549 |
| Net (loss) income attributable to stockholders | (166,464) | (83,898) | (320,989) | 24,359 |
| Net (loss) income attributable to common stockholders - Basic | $ (166,464) | $ (83,898) | $ (320,989) | $ 24,359 |
| (Loss) earnings per share: | ||||
| Basic (in dollars per share) | $ (1.41) | $ (0.73) | $ (2.73) | $ 0.21 |
| Diluted (in dollars per share) | $ (1.41) | $ (0.73) | $ (2.73) | $ 0.21 |
| Weighted average shares outstanding: | ||||
| Basic (in shares) | 118,163,955 | 114,880,817 | 117,430,787 | 114,491,338 |
| Diluted (in shares) | 118,163,955 | 114,880,817 | 117,430,787 | 115,260,452 |
| X | ||||||||||
- Definition Convertible Preferred Dividends, Net of Tax1 No definition available.
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- Definition Weighted Average Shares Outstanding [Abstract] No definition available.
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- Definition Amount of impairment loss for asset. Includes, but is not limited to, tangible and intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for acquisition-related cost incurred to effect business combination. Includes, but is not limited to, finder's fee; advisory, legal, accounting, valuation, and other professional and consulting fees; and general administrative cost, including cost of maintaining internal acquisition department. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of income (loss) from continuing operations attributable to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of expense for investment management fee, including, but not limited to, expense in connection with research, selection, supervision, and custody of investment. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Dividends paid to preferred stock holders that is redeemable solely at the option of the issuer. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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