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SEGMENT INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of Assets by Reportable Segment | Assets by reportable segment follow.
| September 30, 2024 |  | December 31, 2023
| (In thousands)
Assets: |  |  |
Rockies | $ | 904,005 |  |  | $ | 904,974 |
Permian | 284,171 |  |  | 291,073 |
Northeast | 1,257 |  |  | 573,663 |
Piceance | 399,704 |  |  | 431,687 |
Barnett | 274,322 |  |  | 281,861 |
Total reportable segment assets | 1,863,459 |  |  | 2,483,258 |
Corporate and Other | 135,707 |  |  | 10,940 |
Total assets | $ | 1,999,166 |  |  | $ | 2,494,198 |
Schedule of Reconciliation of Net Income to Adjusted EBITDA | Segment adjusted EBITDA by reportable segment follows.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (In thousands)
Reportable segment adjusted EBITDA(1) |  |  |  |  |  |  |
Rockies | $ | 24,850 |  |  | $ | 24,998 |  |  | $ | 70,582 |  |  | $ | 64,986 |
Permian | 8,472 |  |  | 5,840 |  |  | 23,434 |  |  | 16,283 |
Northeast | — |  |  | 27,751 |  |  | 30,634 |  |  | 65,806 |
Piceance | 12,831 |  |  | 15,292 |  |  | 40,912 |  |  | 43,640 |
Barnett | 7,278 |  |  | 6,084 |  |  | 17,798 |  |  | 20,380 |
Total of reportable segments’ measures of profit | $ | 53,431 |  |  | $ | 79,965 |  |  | $ | 183,360 |  |  | $ | 211,095 |
A reconciliation of income or loss before income taxes and income from equity method investees to total of reportable segments’ measures of profit follows.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (In thousands)
Reconciliation of income (loss) before income taxes and income from equity method investees to total of reportable segments’ measures of profit: |  |  |  |  |  |  |
Income (loss) before income taxes and income from equity method investees | $ | (59,878) |  |  | $ | (6,265) |  |  | $ | 33,909 |  |  | $ | (46,311) |
Add: |  |  |  |  |  |  |
Corporate and Other expense | 10,201 |  |  | 5,478 |  |  | 21,598 |  |  | 20,650 |
Interest expense | 25,712 |  |  | 34,568 |  |  | 95,015 |  |  | 103,966 |
Depreciation and amortization (1) | 23,774 |  |  | 31,013 |  |  | 76,028 |  |  | 91,438 |
Proportional adjusted EBITDA for equity method investees (2) | 7,585 |  |  | 16,917 |  |  | 35,102 |  |  | 42,655 |
Adjustments related to capital reimbursement activity | (2,283) |  |  | (3,111) |  |  | (7,934) |  |  | (6,778) |
Equity compensation | 1,840 |  |  | 1,396 |  |  | 6,698 |  |  | 5,158 |
(Gain) loss on asset sales, net | (6) |  |  | (40) |  |  | 1 |  |  | (183) |
(Gain) loss on sale of business | 1,672 |  |  | 9 |  |  | (82,338) |  |  | 45 |
Gain on sale of equity method investment | — |  |  | — |  |  | (126,261) |  |  | — |
Long-lived asset impairment | — |  |  | — |  |  | 67,936 |  |  | 455 |
Transaction costs and other | 2,579 |  |  | — |  |  | 16,407 |  |  | — |
Early extinguishment of debt | 42,235 |  |  | — |  |  | 47,199 |  |  | — |
Total of reportable segments’ measures of profit | $ | 53,431 |  |  | $ | 79,965 |  |  | $ | 183,360 |  |  | $ | 211,095 |
________ (1) Includes the amortization expense associated with our favorable gas gathering contracts as reported in other revenues. (2) The Company recorded financial results of its investment in Ohio Gathering on a one-month lag and is based on the financial information available to us during the reporting period. With the divestiture of Ohio Gathering in March 2024, proportional adjusted EBITDA includes financial results from December 1, 2023 through March 22, 2024.

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