v3.26.1
Condensed Consolidated Interim Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Additional Paid in Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Non-Controlling Interests
Class A Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Class B Common Stock
Common Stock
Capital Units
Class A Unit Capital
Capital Units
Class B Unit Capital
Beginning balance (in shares) at Dec. 31, 2024                   127,577,780 215,862,343
Beginning balance at Dec. 31, 2024                   $ 949,730 $ 1,244,622
Increase (Decrease) in Partners' Capital [Roll Forward]                      
Equity based compensation $ 20,202                 7,547 12,655
Distributions (39,881)                 $ (15,017) (24,864)
Cancellation of Class A Units (in shares)                   (2,208,707)  
Cancellation of Class A Units (26,649)                 $ (26,649)  
Issuance of class A units, net of issuance cost (in shares)                   5,533,779  
Issuance of Class A Units, net of issuance cost 2,294                 $ 2,294  
Income / (loss) for the period 326,337                 $ (121,592) $ (204,745)
Impact of Reorganization Transactions (in shares)             130,902,852   215,862,343 (130,902,852) (215,862,343)
Impact of Reorganization Transactions 248,700 $ 631,524   $ 306,192 $ 1,134,298   $ 131     $ (796,053) $ (1,027,392)
Other                   $ (260) $ (276)
Ending balance (in shares) at Jun. 30, 2025                   0 0
Ending balance at Jun. 30, 2025                   $ 0 $ 0
Beginning balance (in shares) at Dec. 31, 2024             0   0    
Beginning balance at Dec. 31, 2024 2,194,352 0 $ 0 0 0   $ 0   $ 0    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Impact of Reorganization Transactions (in shares)             130,902,852   215,862,343 (130,902,852) (215,862,343)
Impact of Reorganization Transactions 248,700 631,524   306,192 1,134,298   $ 131     $ (796,053) $ (1,027,392)
Equity based compensation 7,388 3,137     4,251            
Repurchase and Cancellation of Class A Units, net of issuance cost (in shares)             (141,424)        
Repurchase and Cancellation of Class A Units, net of issuance cost (2,236) (2,235)         $ (1)        
Issuance of Class A common stock, net of issuance cost (in shares)             27,593,598        
Issuance of Class A common stock, net of issuance cost 474,688 474,660         $ 28        
Exchange of Class B common stock (in shares)             11,977,011 11,977,011 (11,977,011)    
Exchange of Class B common stock 0 66,722     (66,734)   $ 12        
Other 10,100       10,636            
Income / (loss) for the period 61,597     26,151 35,446            
Ending balance (in shares) at Jun. 30, 2025             170,332,037   203,885,332    
Ending balance at Jun. 30, 2025 2,624,218 1,173,808 0 332,343 1,117,897   $ 170   $ 0    
Beginning balance (in shares) at Mar. 31, 2025                   128,002,717 215,862,343
Beginning balance at Mar. 31, 2025                   $ 840,027 $ 1,061,617
Increase (Decrease) in Partners' Capital [Roll Forward]                      
Equity based compensation 6,465                 2,437 4,028
Distributions (30,444)                 $ (11,445) (18,999)
Cancellation of Class A Units (in shares)                   (2,147,667)  
Cancellation of Class A Units (23,361)                 $ (23,361)  
Issuance of class A units, net of issuance cost (in shares)                   5,047,802  
Issuance of Class A Units, net of issuance cost 47                 $ 47  
Income / (loss) for the period 30,906                 $ (11,651) $ (19,255)
Impact of Reorganization Transactions (in shares)             130,902,852   215,862,343 (130,902,852) (215,862,343)
Impact of Reorganization Transactions 248,700 631,524   306,192 1,134,298   $ 131     $ (796,054) $ (1,027,391)
Ending balance (in shares) at Jun. 30, 2025                   0 0
Ending balance at Jun. 30, 2025                   $ 0 $ 0
Beginning balance (in shares) at Mar. 31, 2025             0   0    
Beginning balance at Mar. 31, 2025 1,901,644 0 0 0 0   $ 0   $ 0    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Impact of Reorganization Transactions (in shares)             130,902,852   215,862,343 (130,902,852) (215,862,343)
Impact of Reorganization Transactions 248,700 631,524   306,192 1,134,298   $ 131     $ (796,054) $ (1,027,391)
Equity based compensation 7,389 3,137     4,252            
Repurchase and Cancellation of Class A Units, net of issuance cost (in shares)             (141,424)        
Repurchase and Cancellation of Class A Units, net of issuance cost (2,236) (2,235)         $ (1)        
Issuance of Class A common stock, net of issuance cost (in shares)             27,593,598        
Issuance of Class A common stock, net of issuance cost 474,688 474,660         $ 28        
Exchange of Class B common stock (in shares)             11,977,011 11,977,011 (11,977,011)    
Exchange of Class B common stock 0 66,722     (66,734)   $ 12        
Other 10,635       10,635            
Income / (loss) for the period 61,597     26,151 35,446            
Ending balance (in shares) at Jun. 30, 2025             170,332,037   203,885,332    
Ending balance at Jun. 30, 2025 2,624,218 1,173,808 0 332,343 1,117,897   $ 170   $ 0    
Beginning balance (in shares) at Dec. 31, 2025                   0 0
Beginning balance at Dec. 31, 2025                   $ 0 $ 0
Increase (Decrease) in Partners' Capital [Roll Forward]                      
Distributions (3)       3            
Ending balance (in shares) at Jun. 30, 2026                   0 0
Ending balance at Jun. 30, 2026                   $ 0 $ 0
Beginning balance (in shares) at Dec. 31, 2025           194,798,949 192,695,681,000   198,408,277,000    
Beginning balance at Dec. 31, 2025 3,034,777 1,614,660 (2,038) 342,921 1,079,042   $ 192   $ 0    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Equity based compensation 35,757 17,622     18,135            
Repurchase and Cancellation of Class A Units, net of issuance cost (in shares)             (4,425,650,000)        
Repurchase and Cancellation of Class A Units, net of issuance cost (90,847) (90,843)         $ (4)        
Issuance of Class A common stock, net of issuance cost (in shares)             4,717,339,000        
Issuance of Class A common stock, net of issuance cost 16,963 16,959         $ 5        
Exchange of Class B common stock (in shares)             1,811,579,000 1,811,579 (1,811,579,000)    
Exchange of Class B common stock 0 12,949     (12,950)   $ 2        
Other 17,044 17,044     0            
Income / (loss) for the period (301,627)     (110,066) (191,561)            
Other comprehensive income (loss) 8,043   3,964   4,079            
Ending balance (in shares) at Jun. 30, 2026           194,798,949 194,798,949,000   196,596,698,000    
Ending balance at Jun. 30, 2026 2,720,108 1,588,391 1,926 232,855 896,742   $ 194   $ 0    
Beginning balance (in shares) at Mar. 31, 2026                   0 0
Beginning balance at Mar. 31, 2026                   $ 0 $ 0
Increase (Decrease) in Partners' Capital [Roll Forward]                      
Distributions (3)       3            
Ending balance (in shares) at Jun. 30, 2026                   0 0
Ending balance at Jun. 30, 2026                   $ 0 $ 0
Beginning balance (in shares) at Mar. 31, 2026             191,850,792,000   198,408,277,000    
Beginning balance at Mar. 31, 2026 2,778,615 1,560,548 201 250,767 966,908   $ 191   $ 0    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Equity based compensation 16,645 8,221     8,423            
Repurchase and Cancellation of Class A Units, net of issuance cost (in shares)             (740,101,000)        
Repurchase and Cancellation of Class A Units, net of issuance cost (10,856) (10,855)         $ (1)        
Issuance of Class A common stock, net of issuance cost (in shares)             1,876,679,000        
Issuance of Class A common stock, net of issuance cost 13,367 13,365         $ 2        
Exchange of Class B common stock (in shares)             1,811,579,000 1,811,579 (1,811,579,000)    
Exchange of Class B common stock 0 12,949     (12,950)   $ 2        
Other 4,163 4,163     0            
Income / (loss) for the period (85,316)     (17,913) (67,403)            
Other comprehensive income (loss) 3,492   1,725   1,767            
Ending balance (in shares) at Jun. 30, 2026           194,798,949 194,798,949,000   196,596,698,000    
Ending balance at Jun. 30, 2026 $ 2,720,108 $ 1,588,391 $ 1,926 $ 232,855 $ 896,742   $ 194   $ 0