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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table summarizes the basic and diluted earnings per share calculations for the years ended December 31, 2025, 2024, and 2023:

Year ended December 31,
202520242023
in thousands (except per share amounts)
Basic Earnings per Share
Net income available to Class A Common Stockholders$38,683 $8,900 $15,881 
Weighted average shares of Class A Common Stock outstanding94,404 87,529 84,180 
Basic earnings per share$0.41 $0.10 $0.19 
Diluted Earnings per Share
Net income available to Class A Common Stockholders$127,480 $8,944 $31,769 
Weighted average shares of Class A Common Stock outstanding346,973 88,504 340,323 
Diluted earnings per share$0.37 $0.10 $0.09 
Net income available to Class A Common Stockholders
Net income$149,225 $78,303 $28,179 
Net income attributable to non-controlling interest(100,207)(61,286)(7,948)
Accretion of Series A Convertible Preferred Stock(7,555)(7,427)(3,677)
Undistributed earnings allocated to Series A Convertible Preferred Stock(2,780)(690)(673)
Net income available to Class A Common Stockholders, Basic38,683 8,900 15,881 
Undistributed earnings reallocated to Series A Convertible Preferred Stock287 — 347 
Adjustment for potentially dilutive THG units88,431 — 15,526 
Adjustment for potentially dilutive Series A Convertible Preferred Stock— — — 
Adjustment for potentially dilutive share-based compensation awards79 44 15 
Net income available to Class A Common Stockholders, Diluted$127,480 $8,944 $31,769 
Weighted Average Shares of Class A Common Stock Outstanding
Weighted average shares of Class A Common Stock outstanding, Basic94,404 87,529 84,180 
Adjustment for potentially dilutive THG units251,394 — 255,559 
Adjustment for potentially dilutive Series A Convertible Preferred Stock— — — 
Adjustment for potentially dilutive share-based compensation awards1,175 975 584 
Weighted average shares of Class A Common Stock outstanding, Diluted346,973 88,504 340,323 
Schedule of the Weighted Average Excluded from Diluted Earnings
The following table summarizes the weighted average potential shares of Class A Common Stock excluded from diluted earnings per share of Class A Common Stock as their effect would be anti-dilutive for the years ended December 31, 2025, 2024, and 2023:

Year ended December 31,
202520242023
in thousands
THG units
— 255,328 — 
Series A Convertible Preferred Stock6,785 6,785 3,569 
Unvested shares associated with share-based compensation awards3,959 4,115 3,767 
Warrants— — 19,484 
Total 10,744 266,228 26,820