INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

The following table summarizes the Company’s intangible assets at September 30, 2026 and December 31, 2025 (in thousands), all of which is derived from the Cardinal Acquisition and attributable to the midstream segment and has been assigned a 20-year economic life. The intangible assets are deductible over 15 years for tax purposes, which creates associated deferred tax balances post closing.


	September 30, 2026						December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Customer relationships	$	266,100	$	2,217	$	263,883	$	—	$	—	$	—
Total	$	266,100	$	2,217	$	263,883	$	—	$	—	$	—

Intangible Asset, Finite-Lived, Amortization Expense

The following table presents estimated amortization expense through 2030 (in thousands):


Remainder of 2026	$	3,326
2027	$	13,305
2028	$	13,305
2029	$	13,305
2030	$	13,305