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PROPERTY, PLANT, AND EQUIPMENT | 12 Months Ended
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Dec. 31, 2025
Property, Plant and Equipment [Abstract] |
PROPERTY, PLANT, AND EQUIPMENT | 5. PROPERTY, PLANT AND EQUIPMENT Details on the Company’s property, plant and equipment follow.
| December 31, 2025 |  | December 31, 2024
| (In thousands)
Gathering and processing systems and related equipment | $ | 2,451,820 |  |  | $ | 2,372,881 |
Construction in progress | 54,367 |  |  | 57,611 |
Land and line fill | 16,311 |  |  | 12,816 |
Other | 70,756 |  |  | 66,303 |
Total | 2,593,254 |  |  | 2,509,611 |
Less: accumulated depreciation | (749,108) |  |  | (724,582) |
Property, plant and equipment, net | $ | 1,844,146 |  |  | $ | 1,785,029 |
When the carrying amount of a long-lived asset is not recoverable, an impairment is recognized equal to the excess of the asset’s carrying value over its fair value, which is based on inputs that are not observable in the market, and thus represent Level 3 inputs under GAAP’s fair value hierarchy. The Company recognized $2.7 million, $68.3 million, and $0.5 million of impairments during the fiscal years ended December 31, 2025, 2024, and 2023, respectively. The Company cannot predict the likelihood of future impairments, if any. Depreciation expense and capitalized interest for the Company follow.
| Year ended December 31,
| 2025 |  | 2024 |  | 2023
| (In thousands)
Depreciation expense | $ | 98,876 |  |  | $ | 85,615 |  |  | $ | 95,307 |
Capitalized interest | 1,785 |  |  | 1,164 |  |  | 1,284 |

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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