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SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION
16. SEGMENT INFORMATION
As of September 30, 2024, the Company’s reportable segments are:
•Rockies – Includes the Company’s wholly owned midstream assets located in the Williston Basin and the DJ Basin.
•Permian – Includes the Company’s equity method investment in Double E.
•Northeast – Included the operations of the Company’s wholly owned midstream assets located in the Marcellus shale play and its wholly owned midstream assets located in the Utica shale play together with its equity method investment in Ohio Gathering that is focused on the Utica Shale. On March 22, 2024 and May 1, 2024, the Partnership completed the Utica Sale and Mountaineer Transaction, respectively. For additional information regarding the Utica Sale and Mountaineer Transaction, see Note 3 - Divestitures regarding the disposition of Northeast assets.
•Piceance – Includes the Company’s wholly owned midstream assets located in the Piceance Basin.
•Barnett – Includes the Company’s wholly owned midstream assets located in the Barnett Shale.
Corporate and Other represents those results that: (i) are not specifically attributable to a reportable segment; (ii) are not individually reportable; or (iii) have not been allocated to our reportable segments, including certain general and administrative expense items, transaction costs, acquisition integration costs and interest expense.
Assets by reportable segment follow.
September 30, 2024December 31, 2023
(In thousands)
Assets:
Rockies$904,005 $904,974 
Permian284,171 291,073 
Northeast1,257 573,663 
Piceance399,704 431,687 
Barnett274,322 281,861 
Total reportable segment assets
1,863,459 2,483,258 
Corporate and Other135,707 10,940 
Total assets
$1,999,166 $2,494,198 
Segment adjusted EBITDA by reportable segment follows.
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
(In thousands)
Reportable segment adjusted EBITDA(1)
Rockies$24,850 $24,998 $70,582 $64,986 
Permian8,472 5,840 23,434 16,283 
Northeast— 27,751 30,634 65,806 
Piceance12,831 15,292 40,912 43,640 
Barnett7,278 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,
2024202320242023
(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 business1,672 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.