Equity Method Investments (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity Method Investments and Joint Ventures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Equity Method Investments |
The carrying values of our equity method investments as of June 30, 2026 and December 31, 2025 are as follows:
(1) During the six months ended June 30, 2026, we contributed $39.2 million additional capital to SESA, bringing our total gross capital contribution to $69.4 million, representing 10% equity interest. (2) In April 2026, Macaw Energies Brasil Serviços de Gás Natural Ltda. completed the sale of its entire 58% shareholding in LOGAS to J&F S.A. for a consideration of BRL 55.0 million ($10.7 million), and recognized $4.6 million gain on the disposal presented in “Net income from equity method investments” in the consolidated statements of operations. Following the sale, we no longer have significant influence over LOGAS and have ceased accounting for the investment under equity method.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||