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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 5,319 $ 18,729
Accounts receivable, net of allowance for credit losses of $1,000 in 2022 and 2021 296,218 178,107
Prepaid and other current assets 40,226 20,683
Total assets, current 341,763 217,519
NONCURRENT ASSETS:    
Property, plant and equipment, net 2,481,072 1,839,279
Intangible assets, net 747,721 786,049
Operating lease right-of-use assets 53,016 61,562
Deferred charges and other assets 26,384 22,320
Investment in unconsolidated affiliates 2,342,311 626,477
Goodwill 4,081 0
Total assets, noncurrent 5,654,585 3,335,687
Total assets 5,996,348 3,553,206
CURRENT LIABILITIES:    
Accounts payable 10,907 12,220
Accrued expenses 245,951 135,643
Distribution payable to Preferred Unit limited partners 6,937 0
Derivative liabilities 0 2,667
Current portion of operating lease liabilities 35,327 31,776
Current portion of long-term debt, net 0 54,280
Other current liabilities 6,835 4,339
Current liabilities 305,957 240,925
NONCURRENT LIABILITIES:    
Long-term debt, net 2,971,270 2,253,422
Contract liabilities 22,899 11,674
Operating lease liabilities 17,447 29,889
Embedded derivative liabilities 488 0
Derivative liabilities 0 200
Other liabilities 2,459 2,219
Contingent liabilities 0 839
Deferred tax liabilities 11,813 7,190
Mandatorily redeemable Preferred Units 30,717 0
Noncurrent liabilities 3,057,093 2,305,433
Total liabilities 3,363,050 2,546,358
COMMITMENTS AND CONTINGENCIES (Note 8)
Redeemable noncontrolling interest — Common Unit limited partners 3,251,290 1,006,838
Redeemable noncontrolling interest — Preferred Unit limited partners 563,338 0
EQUITY:    
Accumulated deficit (1,181,343) 0
Total equity (1,181,330) 10
Total liabilities, noncontrolling interests, and equity 5,996,348 3,553,206
Class A Common Stock    
EQUITY:    
Common stock [1] 4 0
Class C Common Stock    
EQUITY:    
Common stock [1] $ 9 $ 10
[1] Share amounts have been retroactively restated to reflect the Company’s Stock Split. Refer to Note 10—Equity and Warrants in the Notes to our Condensed Consolidated Financial Statements in this Form 10-Q for further information.