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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Moonrise Acquisition
Series A Preferred Stock
Additional Paid in Capital
Additional Paid in Capital
Moonrise Acquisition
Retained Earnings (Deficit)
Non-controlling interest
Common Limited Partners’ Capital
Series A Preferred Units and Stock
Series A Preferred Units and Stock
Series A Preferred Stock
Series A Preferred Units and Stock
Common Limited Partners’ Capital
Common Class A
Common Stock
Common Class A
Common Stock
Moonrise Acquisition
Common Class B
Common Stock
Beginning balance at Dec. 31, 2023 $ 718,563     $ 0   $ 0 $ 0 $ 621,670   $ 0 $ 96,893 $ 0   $ 0
Equity                            
Net income (loss) 129,157             125,937     3,220      
Tax withholdings and associated payments on vested Summit LTIP awards (1,878)             (1,878)            
Ending balance at Mar. 31, 2024 848,614     0   0 0 748,501   0 100,113 0   0
Beginning balance at Dec. 31, 2023 718,563     0   0 0 621,670   0 96,893 0   0
Partners' Capital                            
Net income (loss) 129,157             125,937     3,220      
Equity compensation 2,772             2,772            
Tax withholdings and associated payments on vested Summit LTIP awards (1,878)             (1,878)            
Ending balance at Mar. 31, 2024 848,614     0   0 0 748,501   0 100,113 0   0
Beginning balance at Dec. 31, 2023 718,563     0   0 0 621,670   0 96,893 0   0
Equity                            
Moonrise Acquisition   $ 0                        
Ending balance at Sep. 30, 2024 651,484     702,357   (157,798) 0 0   106,819 0 106   0
Beginning balance at Dec. 31, 2023 718,563     0   0 0 621,670   0 96,893 0   0
Ending balance at Sep. 30, 2024 651,484     702,357   (157,798) 0 0   106,819 0 106   0
Beginning balance at Mar. 31, 2024 848,614     0   0 0 748,501   0 100,113 0   0
Equity                            
Net income (loss) (27,644)             (30,957)     3,313      
Tax withholdings and associated payments on vested Summit LTIP awards (4)             (4)            
Ending balance at Jun. 30, 2024 823,052     0   0 0 719,626   0 103,426 0   0
Beginning balance at Mar. 31, 2024 848,614     0   0 0 748,501   0 100,113 0   0
Partners' Capital                            
Net income (loss) (27,644)             (30,957)     3,313      
Equity compensation 2,086             2,086            
Tax withholdings and associated payments on vested Summit LTIP awards (4)             (4)            
Ending balance at Jun. 30, 2024 823,052     0   0 0 719,626   0 103,426 0   0
Equity                            
Net income (loss) (201,548)   $ 2,258     (157,798)   (47,143)     1,135      
Tax withholdings and associated payments on vested Summit LTIP awards 0                          
Tax impact of Corporate Reorganization 28,140     28,140                    
Ending balance at Sep. 30, 2024 651,484     702,357   (157,798) 0 0   106,819 0 106   0
Beginning balance at Jun. 30, 2024 823,052     0   0 0 719,626   0 103,426 0   0
Partners' Capital                            
Net income (loss) (201,548)   2,258     (157,798)   (47,143)     1,135      
Equity compensation 1,840     1,283       557            
Tax withholdings and associated payments on vested Summit LTIP awards 0                          
Corporate Reorganization 0   $ 104,561 672,934       (673,040)     (104,561) 106    
Ending balance at Sep. 30, 2024 651,484     702,357   (157,798) 0 0   106,819 0 106   0
Beginning balance at Dec. 31, 2024 965,125     540,714   (183,333) 497,333 0   110,230 0 106   75
Equity                            
Net income (loss) 1,042         (1,887) (989)     3,918        
Dividend paid on Series A Preferred Stock (3,359)               $ (3,359)          
Equity compensation 2,375     2,375                    
Tax withholdings and associated payments on vested Summit LTIP awards (2,837)     (2,838)               1    
Moonrise Acquisition   17,895     $ 17,890               $ 5  
Conversion of Class B Common Stock and Partnership Common Units                       10   (10)
Tax impact of Up-C Structure (12,280)     (12,280)                    
Equity shift (See Note 11) 0     86,526     (86,526)              
Ending balance at Mar. 31, 2025 967,961     632,387   (185,220) 409,818 0   110,789 0 122   65
Beginning balance at Dec. 31, 2024 965,125     540,714   (183,333) 497,333 0   110,230 0 106   75
Partners' Capital                            
Net income (loss) 1,042         (1,887) (989)     3,918        
Tax withholdings and associated payments on vested Summit LTIP awards (2,837)     (2,838)               1    
Ending balance at Mar. 31, 2025 967,961     632,387   (185,220) 409,818 0   110,789 0 122   65
Beginning balance at Dec. 31, 2024 965,125     540,714   (183,333) 497,333 0   110,230 0 106   75
Equity                            
Net income (loss)             (4,525)              
Moonrise Acquisition   $ 17,895                        
Ending balance at Sep. 30, 2025 957,945     636,017   (194,826) 406,079 0   110,488 0 122   65
Beginning balance at Dec. 31, 2024 965,125     540,714   (183,333) 497,333 0   110,230 0 106   75
Partners' Capital                            
Net income (loss)             (4,525)              
Ending balance at Sep. 30, 2025 957,945     636,017   (194,826) 406,079 0   110,488 0 122   65
Beginning balance at Mar. 31, 2025 967,961     632,387   (185,220) 409,818 0   110,789 0 122   65
Equity                            
Net income (loss) (7,907)         (8,028) (2,980)     3,101        
Dividend paid on Series A Preferred Stock (3,382)               (3,382)          
Equity compensation 2,362     2,362                    
Tax withholdings and associated payments on vested Summit LTIP awards (8)     (8)                    
Equity shift (See Note 11) 0     (233)     233              
Ending balance at Jun. 30, 2025 959,026     634,508   (193,248) 407,071 0   110,508 0 122   65
Beginning balance at Mar. 31, 2025 967,961     632,387   (185,220) 409,818 0   110,789 0 122   65
Partners' Capital                            
Net income (loss) (7,907)         (8,028) (2,980)     3,101        
Tax withholdings and associated payments on vested Summit LTIP awards (8)     (8)                    
Ending balance at Jun. 30, 2025 959,026     634,508   (193,248) 407,071 0   110,508 0 122   65
Equity                            
Net income (loss) 1,231         (1,578) (556)     3,365        
Dividend paid on Series A Preferred Stock (3,385)               $ (3,385)          
Equity compensation 2,064     2,064                    
Tax withholdings and associated payments on vested Summit LTIP awards (260)     (260)                    
Tax impact of Up-C Structure (731)     (731)                    
Equity shift (See Note 11) 0     436     (436)              
Ending balance at Sep. 30, 2025 957,945     636,017   (194,826) 406,079 0   110,488 0 122   65
Beginning balance at Jun. 30, 2025 959,026     634,508   (193,248) 407,071 0   110,508 0 122   65
Partners' Capital                            
Net income (loss) 1,231         (1,578) (556)     3,365        
Tax withholdings and associated payments on vested Summit LTIP awards (260)     (260)                    
Ending balance at Sep. 30, 2025 $ 957,945     $ 636,017   $ (194,826) $ 406,079 $ 0   $ 110,488 $ 0 $ 122   $ 65