BUSINESS COMBINATION (Tables)

3 Months Ended

Mar. 31, 2022

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary estimated fair value of assets acquired and liabilities assumed in the Transaction in accordance with ASC 805:

(In thousands)	Amount
Cash and cash equivalent	$	13,401
Accounts receivable	1,341
Accounts receivable - affiliates	15,681
Property, plant, and equipment, net	634,923
Intangible assets, net	13,200
Investments in unconsolidated affiliates	1,755,000
Prepaid expense and other assets	8,225
Goodwill	3,894
Total assets acquired	2,445,665
Accrued expenses and other accrued liabilities	4,923
Long-term debt	657,000
Embedded derivative liabilities	89,050
Contract liabilities	9,102
Mandatory redeemable Preferred Units	200,667
Deferred tax liabilities	4,010
Contingent liabilities	4,451
Total liabilities assumed	969,203
Redeemable noncontrolling interest - Preferred Unit limited partners	462,717
Total consideration transferred	$	1,013,745

Schedule of Pro Forma Information

The unaudited supplemental pro forma financial for informational purposes only and is not indicative of future results. The results below for the three months ended March 31, 2022 and 2021 combine the results of the Company and the Partnership, giving effect to the Transaction as if it had been completed on January 1, 2021.

	Three Months Ended March 31,
	2022		2021
(In thousands)	Pro forma		Pro forma
Revenues	$	284,102	$	182,249
Net income including noncontrolling interest	$	13,468	$	16,802