XML 128 R84.htm IDEA: XBRL DOCUMENT v3.25.4
Segment Data - Schedule of Segments (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Revenues $ 1,013,323 $ 940,636 $ 1,020,409
Operating expenses 155,935 113,436 111,045
Proportional EBITDA from equity method investments (88,150) (59,098) (38,231)
Other segment items (109) (3,629) 4,184
Segment EBITDA 436,464 406,302 408,047
Corporate expenses and other 40,810 43,592 30,969
Proportional interest, taxes, depreciation and amortization from equity-method investments 26,357 15,797 6,798
Depreciation and amortization 125,600 96,375 92,384
Interest income 112,517 47,792 0
Interest expense 179,296 150,960 143,244
Income tax expense 458 479 1,205
Net income 176,460 142,685 126,236
Capital spending 274,363 139,986 81,342
Affiliated Entity      
Segment Reporting Information [Line Items]      
Revenues [1] 499,471 517,782 563,803
Cost of materials and other [1] 342,237 349,321 396,333
Operating expenses 90,429 64,778 64,636
Nonrelated Party      
Segment Reporting Information [Line Items]      
Revenues 513,852 422,854 456,606
Cost of materials and other 167,062 134,414 136,294
Operating Segments Excluding Intersegment Elimination      
Segment Reporting Information [Line Items]      
Cost of materials and other 509,183 483,625 535,364
Segment Reporting, Reconciling Item, Corporate Nonsegment      
Segment Reporting Information [Line Items]      
Depreciation and amortization 3,051 3,366 3,309
Interest income 0 0  
Capital spending 0 0 0
Marketing Contract Intangible      
Segment Reporting Information [Line Items]      
Amortization of marketing contract intangible 0 4,206 7,211
Marketing Contract Intangible | Segment Reporting, Reconciling Item, Corporate Nonsegment      
Segment Reporting Information [Line Items]      
Amortization of marketing contract intangible   0 0
Gathering and Processing      
Segment Reporting Information [Line Items]      
Revenues 498,097 364,719 371,110
Gathering and Processing | Operating Segments      
Segment Reporting Information [Line Items]      
Revenues 498,097 364,719 371,110
Cost of materials and other 113,202 77,037 83,118
Operating expenses 128,213 80,317 75,136
Proportional EBITDA from equity method investments 0 0 0
Other segment items (2,845) 215 13,393
Segment EBITDA 259,527 207,150 199,463
Depreciation and amortization 113,451 80,144 72,181
Interest income 43,764 23,338  
Capital spending 266,496 128,927 74,683
Gathering and Processing | Operating Segments | Affiliated Entity      
Segment Reporting Information [Line Items]      
Revenues 170,330 180,763 212,537
Gathering and Processing | Operating Segments | Nonrelated Party      
Segment Reporting Information [Line Items]      
Revenues 327,767 183,956 158,573
Gathering and Processing | Marketing Contract Intangible | Operating Segments      
Segment Reporting Information [Line Items]      
Amortization of marketing contract intangible   0 0
Wholesale Marketing and Terminalling      
Segment Reporting Information [Line Items]      
Revenues 417,635 451,522 505,701
Wholesale Marketing and Terminalling | Operating Segments      
Segment Reporting Information [Line Items]      
Revenues 417,635 451,522 505,701
Cost of materials and other 342,187 349,049 388,536
Operating expenses 9,359 14,820 17,796
Proportional EBITDA from equity method investments 0 0 0
Other segment items 3,155 (4,076) (7,143)
Segment EBITDA 62,934 91,729 106,512
Depreciation and amortization 3,465 5,256 7,055
Interest income 16,154 8,546  
Capital spending 1,469 2,727 2,111
Wholesale Marketing and Terminalling | Operating Segments | Affiliated Entity      
Segment Reporting Information [Line Items]      
Revenues 237,007 221,503 218,997
Wholesale Marketing and Terminalling | Operating Segments | Nonrelated Party      
Segment Reporting Information [Line Items]      
Revenues 180,628 230,019 286,704
Wholesale Marketing and Terminalling | Marketing Contract Intangible | Operating Segments      
Segment Reporting Information [Line Items]      
Amortization of marketing contract intangible   4,206 7,211
Storage and Transportation      
Segment Reporting Information [Line Items]      
Revenues 97,591 124,395 143,598
Storage and Transportation | Operating Segments      
Segment Reporting Information [Line Items]      
Revenues 97,591 124,395 143,598
Cost of materials and other 53,794 57,539 63,710
Operating expenses 18,363 18,299 18,104
Proportional EBITDA from equity method investments 0 0 0
Other segment items (419) 232 (2,066)
Segment EBITDA 25,853 48,325 63,850
Depreciation and amortization 5,633 7,609 9,839
Interest income 52,599 15,908  
Capital spending 6,398 8,332 4,548
Storage and Transportation | Operating Segments | Affiliated Entity      
Segment Reporting Information [Line Items]      
Revenues 92,134 115,516 132,269
Storage and Transportation | Operating Segments | Nonrelated Party      
Segment Reporting Information [Line Items]      
Revenues 5,457 8,879 11,329
Storage and Transportation | Marketing Contract Intangible | Operating Segments      
Segment Reporting Information [Line Items]      
Amortization of marketing contract intangible   0 0
Investments in Pipeline Joint Ventures | Operating Segments      
Segment Reporting Information [Line Items]      
Revenues 0 0 0
Cost of materials and other 0 0 0
Operating expenses 0 0 9
Proportional EBITDA from equity method investments (88,150) (59,098) (38,231)
Other segment items 0 0 0
Segment EBITDA 88,150 59,098 38,222
Depreciation and amortization 0 0 0
Interest income 0 0  
Capital spending 0 0 0
Investments in Pipeline Joint Ventures | Operating Segments | Affiliated Entity      
Segment Reporting Information [Line Items]      
Revenues 0 0 0
Investments in Pipeline Joint Ventures | Operating Segments | Nonrelated Party      
Segment Reporting Information [Line Items]      
Revenues $ 0 0 0
Investments in Pipeline Joint Ventures | Marketing Contract Intangible | Operating Segments      
Segment Reporting Information [Line Items]      
Amortization of marketing contract intangible   $ 0 $ 0
[1] See Note 4 for a description of our material affiliate revenue and purchases transactions.