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BUSINESS COMBINATION (Tables)
12 Months Ended
Dec. 31, 2022
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the 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 receivable2,115 
Accounts receivable - affiliates15,485 
Property, plant, and equipment, net634,923 
Intangible assets, net13,200 
Investments in unconsolidated affiliates1,752,500 
Prepaid expense and other assets7,749 
Goodwill5,077 
Total assets acquired2,444,450 
Accrued expenses and other accrued liabilities5,688 
Long-term debt657,000 
Embedded derivative liabilities89,050 
Contract liabilities9,102 
Mandatory redeemable Preferred Units200,667 
Deferred tax liabilities2,030 
Contingent liabilities4,451 
Total liabilities assumed967,988 
Redeemable noncontrolling interest - Preferred Unit limited partners462,717 
Total consideration transferred$1,013,745 
Schedule of Pro Forma Information
The unaudited supplemental pro forma financials are for informational purposes only and are not indicative of future results. The results below for the years ended December 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.
Pro Forma Financials For the Year Ended December 31,
20222021
(In thousands)
Revenues$1,240,343 $822,661 
Net income (loss) including noncontrolling interest$243,301 $(52,172)