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v3.26.1

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2026 | Mar. 31, 2025
Revenues: |  |
Total revenues | $ 331,275 | $ 245,234
Costs and expenses: |  |
Cost of operations, exclusive of depreciation and amortization | 117,902 | 81,618
Depreciation and amortization | 87,146 | 70,393
Selling, general, and administrative | 35,357 | 18,862
(Gain) loss on disposition of assets | (545) | 1,325
Impairment of assets | 4 | 3,645
Total costs and expenses | 239,864 | 175,843
Operating income | 91,411 | 69,391
Other income (expense): |  |
Interest expense, net | (48,966) | (47,369)
Loss on extinguishment of debt | (1) | 0
Other | 20 | 25
Total other expense | (48,947) | (47,344)
Net income before income tax expense | 42,464 | 22,047
Income tax expense | 4,122 | 1,535
Net income | 38,342 | 20,512
Less: distributions on Preferred Units | 0 | (4,388)
Net income attributable to common unitholders’ interests | $ 38,342 | $ 16,124
Weighted average common units outstanding - basic (in shares) | 142,750 | 117,513
Weighted average common units outstanding - diluted (in shares) | 143,131 | 118,254
Basic net income per common unit (in dollars per share) | $ 0.27 | $ 0.14
Diluted net income per common unit (in dollars per share) |  | 0.14
Distributions declared per common unit for respective periods (in dollars per share) | $ 0.525 | $ 0.525
Contract operations |  |
Revenues: |  |
Total revenues | $ 293,509 | $ 224,975
Parts and service |  |
Revenues: |  |
Total revenues | 21,871 | 5,094
Related party |  |
Revenues: |  |
Total revenues | $ 15,895 | $ 15,165

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