v3.26.3
Segments - Income (Loss) by Segment and Reconciliation of Segment EBT (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segments reporting        
Income (loss) before income taxes $ 1,132 $ 158,300 $ 218,729 $ 156,677
General and administrative expense (28,802) (28,281) (90,696) (85,269)
Gain (loss) on sale of Municipal Utility District (MUD) receivables (105,362) 0 (105,917) (48,197)
Corporate interest expense, net (50,111) (43,856) (137,713) (128,644)
Vantage        
Segments reporting        
General and administrative expense (1,000)   (20,100)  
Vantage income (loss) before income taxes 76,564 0 55,799 0
Operating segments | Operating Assets Segment        
Segments reporting        
Income (loss) before income taxes (9,097) (7,238) 17,184 (14,466)
Operating segments | MPC Segment        
Segments reporting        
Income (loss) before income taxes 89,476 205,005 308,535 370,681
Operating segments | Strategic Developments Segment        
Segments reporting        
Income (loss) before income taxes 17,820 11,343 137,735 11,105
Corporate        
Segments reporting        
Corporate interest expense, net (32,158) (18,288) (74,709) (62,408)
Corporate income, expenses, and other items $ (7,309) $ (4,241) $ (29,202) $ (14,769)