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EQUITY AND MEZZANINE EQUITY (Tables)
9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Schedule of Common Units/Shares Activity An update on the number of shares of common stock is as follows for the period from December 31, 2023 to September 30, 2024:
Common Units
Shares of Common Stock
Units, December 31, 202310,376,189 — 
Common units issued for SMLP LTIP, net
272,496 — 
Corporate Reorganization
(10,648,685)10,648,685 
Shares, September 30, 2024— 10,648,685 
Schedule Of Series A Preferred Stock
An update on the number of shares of Series A Preferred Stock is as follows for the period from December 31, 2023 to September 30, 2024:
Series A Preferred Units
Series A Preferred Stock
Units, December 31, 202365,508 — 
Corporate Reorganization
(65,508)65,508 
Shares, September 30, 2024— 65,508 
Schedule of Consolidation, Parent Ownership Interest, Effects of Changes, Net
The following table shows the change in the Company’s Subsidiary Series A Preferred Unit balance from January 1, 2024 to September 30, 2024, net of $1.3 million and $1.7 million of unamortized issuance costs at September 30, 2024 and December 31, 2023, respectively:
(In thousands)
Balance at December 31, 2023$124,652 
Redemption accretion, net of issuance cost amortization
11,643 
Cash distribution (includes a $1.6 million distribution payable as of September 30, 2024)
(4,885)
Balance at September 30, 2024$131,410