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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating revenues:    
Revenue from contract with customer [1] $ 257,249 $ 148,103
Operating costs and expenses:    
Costs of sales (exclusive of depreciation and amortization shown separately below) [1] 120,275 37,005
Operating expenses [1] 29,871 15,564
Ad valorem taxes [1] 4,153 2,351
General and administrative expenses [1] 22,752 5,626
Depreciation and amortization [1] 61,023 55,971
Loss on disposal of assets [1] 110 32
Total operating costs and expenses [1] 238,184 116,549
Operating income [1] 19,065 31,554
Other income (expense):    
Interest and other income [1] 250 537
Gain on redemption of mandatorily redeemable Preferred Units [1] 4,493 0
Unrealized loss on embedded derivative [1] (2,886) 0
Interest expense [1] (26,774) (25,310)
Equity in (earnings) losses from unconsolidated affiliate [1] 27,917 11,355
Total other income (expense), net [1] 3,000 (13,418)
Income before income taxes [1] 22,065 18,136
Income tax expense [1] 676 0
Net income including noncontrolling interest [1] 21,389 18,136
Net income attributable to Preferred Unit limited partners [1] 4,993 0
Net Income attributable to common shareholders [1] 16,396 18,136
Net income attributable to Common Unit limited partners 12,531 [1] 18,136
Net income attributable to Class A Common Shareholders [1] $ 3,865 $ 0
Net income attributable to Class A Common Shareholders, per share    
Basic (in USD per share) [1] $ 0.21 $ 0
Diluted (in USD per share) [1] $ 0.21 $ 0
Weighted average shares    
Basic (in shares) [1] 18,696,000 0
Diluted (in shares) [1] 18,713,000 0
Service    
Operating revenues:    
Revenue from contract with customer [1] $ 80,445 $ 67,662
Product    
Operating revenues:    
Revenue from contract with customer [1] 174,928 79,993
Other    
Operating revenues:    
Revenue from contract with customer [1] $ 1,876 $ 448
[1] The results of the legacy ALTM business are not included in the Company’s consolidated financials prior to February 22, 2022. Refer to the Form 10-Q basis of presentation in Note 1—Description of the Organization and Summary of Significant Accounting Policies, for further information on the Company’s basis of presentation.