v3.26.1
Condensed Consolidated Statements of Changes in Unitholders' Capital (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Increase (decrease) in Stockholders' Equity:        
Unitholders' capital, beginning of period $ 2,350,323 $ 2,258,167 $ 2,264,222 $ 2,401,364
Capital contributions 15,080 79,622 72,330 119,433
Distributions declared (361,319) (184,177) (372,048) (363,940)
Net income 55,764 21,580 95,344 18,335
Unitholders' capital, end of period 2,059,848 2,175,192 2,059,848 2,175,192
Paid-in Capital        
Increase (decrease) in Stockholders' Equity:        
Unitholders' capital, beginning of period 1,835,071 1,703,195 1,777,821 1,663,384
Capital contributions 15,080 79,622 72,330 119,433
Distributions declared (317,356)   (317,356)  
Unitholders' capital, end of period 1,532,795 1,782,817 1,532,795 1,782,817
Retained Earnings (Accumulated Deficit)        
Increase (decrease) in Stockholders' Equity:        
Unitholders' capital, beginning of period 104,956 144,869 76,425 329,631
Distributions declared (37,134) (177,348) (41,034) (350,282)
Net income 49,038 14,734 81,469 2,906
Unitholders' capital, end of period 116,860 (17,745) 116,860 (17,745)
Accumulated Other Comprehensive Income (Loss)        
Increase (decrease) in Stockholders' Equity:        
Unitholders' capital, beginning of period 0 0 0 0
Unitholders' capital, end of period 0 0 0 0
Non-controlling Interests in Consolidated Subsidiaries        
Increase (decrease) in Stockholders' Equity:        
Unitholders' capital, beginning of period 9,712 9,519 9,392 7,765
Net income (103) 17 217 1,771
Unitholders' capital, end of period $ 9,609 $ 9,536 $ 9,609 $ 9,536
Class A Units        
Increase (decrease) in Stockholders' Equity:        
Unitholders' capital, beginning of period (in shares)     118,832,320  
Unitholders' capital, end of period (in shares) 118,832,320   118,832,320  
Class A Units | Common Units        
Increase (decrease) in Stockholders' Equity:        
Unitholders' capital, beginning of period (in shares) 118,832,000 116,373,000 118,832,000 116,373,000
Unit exchange (in shares)   2,459,000   2,459,000
Unitholders' capital, end of period (in shares) 118,832,000 118,832,000 118,832,000 118,832,000
Class B Units        
Increase (decrease) in Stockholders' Equity:        
Unitholders' capital, beginning of period (in shares)     41,758,979  
Unitholders' capital, end of period (in shares) 41,558,979   41,558,979  
Class B Units | Common Units        
Increase (decrease) in Stockholders' Equity:        
Unitholders' capital, beginning of period (in shares) 41,559,000 43,838,000 41,759,000 43,823,000
Net issuance of units (in shares)   130,000   145,000
Unit exchange (in shares)   (2,459,000)   (2,459,000)
Cancellation of units associated with forfeitures (in shares)     (200,000)  
Unitholders' capital, end of period (in shares) 41,559,000 41,509,000 41,559,000 41,509,000
Series A Preferred Units | Equities – Preferred Stock        
Increase (decrease) in Stockholders' Equity:        
Unitholders' capital, beginning of period $ 173,669 $ 173,669 $ 173,669 $ 173,669
Distributions declared (2,981) (2,981) (5,962) (5,962)
Net income 2,981 2,981 5,962 5,962
Unitholders' capital, end of period 173,669 173,669 173,669 173,669
Series B Preferred Units | Equities – Preferred Stock        
Increase (decrease) in Stockholders' Equity:        
Unitholders' capital, beginning of period 226,915 226,915 226,915 226,915
Distributions declared (3,848) (3,848) (7,696) (7,696)
Net income 3,848 3,848 7,696 7,696
Unitholders' capital, end of period $ 226,915 $ 226,915 $ 226,915 $ 226,915