XML 71 R59.htm IDEA: XBRL DOCUMENT v3.22.2
EQUITY AND WARRANTS (Details)
3 Months Ended 4 Months Ended 6 Months Ended
Jul. 20, 2022
$ / shares
Jun. 08, 2022
May 19, 2022
May 17, 2022
USD ($)
Jun. 30, 2022
USD ($)
$ / shares
shares
Jun. 30, 2022
USD ($)
$ / shares
shares
Jun. 30, 2022
USD ($)
$ / shares
shares
Mar. 31, 2022
shares
[2]
Feb. 22, 2022
$ / shares
shares
Dec. 31, 2021
$ / shares
shares
Jun. 30, 2021
shares
[1],[2]
Mar. 31, 2021
shares
[2]
Dec. 31, 2020
shares
[1]
Class of Stock [Line Items]                          
Notice period to redeem warrants             30 days            
Threshold trading days             20 days            
Trading period             30 days            
Derivatives fair value adjustment | $           $ 0              
Percent of distributions or dividends reinvested in newly issued Class A shares                 100.00%        
Dividends, common stock, cash | $         $ 28,536,000   $ 28,536,000            
Public warrants                          
Class of Stock [Line Items]                          
Number of warrant outstanding (in shares)         12,577,350 12,577,350 12,577,350            
Redemption price of warrants (in USD per share) | $ / shares         $ 0.01 $ 0.01 $ 0.01            
Derivatives fair value adjustment | $             $ 100,000            
Private warrants                          
Class of Stock [Line Items]                          
Number of warrant outstanding (in shares)         6,364,281 6,364,281 6,364,281            
Derivatives fair value adjustment | $             $ 100,000            
Class A Common Stock                          
Class of Stock [Line Items]                          
Common stock, shares issued (in shares)         40,550,555 40,550,555 40,550,555     0      
Common stock, par value (in USD per share) | $ / shares         $ 0.0001 $ 0.0001 $ 0.0001   $ 0.0001 $ 0.0001      
Common stock, redemption ratio             1            
Common stock, shares outstanding (in shares)         40,550,555 40,550,555 40,550,555     0      
Warrant exercise price (in USD per share) | $ / shares         $ 115.00 $ 115.00 $ 115.00            
Percent of required investment                 20.00%        
Dividends, common stock, cash | $       $ 87,700,000                  
Stock split, additional share issued for each share outstanding (in shares)     1                    
Class A Common Stock | Subsequent Event                          
Class of Stock [Line Items]                          
Dividends declared (in USD per share) | $ / shares $ 0.75                        
Class A Common Stock | Public warrants                          
Class of Stock [Line Items]                          
Class of warrant or right, purchase ratio for common stock         0.1 0.1 0.1            
Class C Common Stock                          
Class of Stock [Line Items]                          
Common stock, shares issued (in shares)         94,450,000 94,450,000 94,450,000   50,000,000 100,000,000      
Common stock, par value (in USD per share) | $ / shares         $ 0.0001 $ 0.0001 $ 0.0001   $ 0.0001 $ 0.0001      
Common stock, shares outstanding (in shares)         94,450,000 94,450,000 94,450,000     100,000,000      
Stock split, additional share issued for each share outstanding (in shares)     1                    
Common Stock                          
Class of Stock [Line Items]                          
Stock price trigger (in USD per share) | $ / shares         $ 180.00 $ 180.00 $ 180.00            
Dividends, cash | $       $ 11,700,000                  
Common Stock | Class A Common Stock                          
Class of Stock [Line Items]                          
Common stock, shares outstanding (in shares)         40,551,000 [1],[2] 40,551,000 [1],[2] 40,551,000 [1],[2] 37,973,000   0 [1] 0 0 0
Stock split, conversion ratio   2                      
Common Stock | Class C Common Stock                          
Class of Stock [Line Items]                          
Stock redeemed (in shares)         70,000 [2]   5,550,000 [1]            
Common stock, shares outstanding (in shares)         94,450,000 [1],[2] 94,450,000 [1],[2] 94,450,000 [1],[2] 94,520,000   100,000,000 100,694,000 100,694,000 101,198,000
Stock split, conversion ratio   2                      
Altus Midstream LP                          
Class of Stock [Line Items]                          
Common stock, shares issued (in shares)                 50,000,000        
Apache | Private warrants                          
Class of Stock [Line Items]                          
Number of warrant outstanding (in shares)         3,182,140 3,182,140 3,182,140            
The Partnership | Subsequent Event                          
Class of Stock [Line Items]                          
Distribution declared (in USD per share) | $ / shares $ 0.75                        
[1] Share amounts have been retroactively restated to reflect the Company’s Stock Split. Refer to Note 10Equity and Warrants in the Notes to our Condensed Consolidated Financial Statements in this Form 10-Q for further information.
[2] 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.