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Investment in Laramie Energy (Tables)
6 Months Ended
Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Change in Equity Investment
The change in our equity investment in YELP is as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Beginning balance$58,676 $— $59,824 $— 
Acquisition of investment
— 58,019 — 58,019 
Equity earnings from YELP
2,290 — 6,755 — 
Depreciation of basis difference
(348)— (696)— 
Dividends received— — (5,265)— 
Ending balance$60,618 $58,019 $60,618 $58,019 
The change in our equity investment in YPLC is as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Beginning balance$29,639 $— $27,662 $— 
Acquisition of investment
— 28,581 — 28,581 
Equity earnings from YPLC
1,763 425 3,702 425 
Accretion of basis difference38 — 76 — 
Basis difference adjustment— — — — 
Dividends received(3,840)(2,600)(3,840)(2,600)
Capital contribution in YPLC
— — — — 
Ending balance$27,600 $26,406 $27,600 $26,406 
The change in our equity investment in Laramie Energy is as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Beginning balance$18,842 $— $14,279 $— 
Equity earnings (losses) from Laramie Energy(2,975)— (26)— 
Accretion of basis difference1,615 — 3,229 — 
Dividends received(1,485)— (1,485)— 
Ending balance
$15,997 $— $15,997 $—