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Investments in Unconsolidated Entities
9 Months Ended
Sep. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Investments in unconsolidated entities
Note 8 Investments in Unconsolidated Entities
Investments in unconsolidated entities consist of amounts invested in entities in which Array holds a noncontrolling interest. Array’s Investments in unconsolidated entities are accounted for using the equity method, measurement alternative method or net asset value practical expedient method as shown in the table below. The carrying value of measurement alternative method investments represents cost minus any impairments plus or minus any observable price changes.
September 30, 2025December 31, 2024
(Dollars in thousands)
Equity method investments$438,201 $440,534 
Measurement alternative method investments5,362 4,847 
Investments recorded using the net asset value practical expedient8,611 8,557 
Total investments in unconsolidated entities$452,174 $453,938 
The following table, which is based on unaudited information provided in part by third parties, summarizes the combined results of operations of Array’s equity method investments.
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
(Dollars in thousands)
Revenues$1,878,201 $1,878,047 $5,719,348 $5,540,813 
Operating expenses1,357,026 1,465,129 4,385,461 4,293,318 
Operating income521,175 412,918 1,333,887 1,247,495 
Other income (expense), net(17,052)1,018 (31,461)120 
Net income$504,123 $413,936 $1,302,426 $1,247,615