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Aris Water Solutions, Inc.
(NYSE:ARIS) 

ARIS stock logo

Aris Water Solutions, Inc., an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, and unless recycled, handles produced water generated from oil and natural gas production. Its water...

Founded: 2015
CEO: Amanda Brock  
Sector: Utilities
Industry: Utilities—Regulated Water
Utilities
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
    Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 
                    
      revenue
    		                
      produced water handling
    		62,243,000 57,306,000 53,162,000 59,006,000 54,815,000 59,106,000 51,817,000 47,574,000 49,716,000 46,100,000 41,061,000 39,674,000 35,525,000 35,100,000 27,118,000 24,639,000 
      produced water handling — affiliate
    		35,964,000 34,872,000 34,404,000 29,418,000 28,614,000 26,827,000 18,589,250 28,036,000 23,181,000 23,140,000       
      water solutions
    		19,397,000 20,656,000 20,845,000 16,600,000 13,795,000 11,702,000 17,445,000 20,370,000 14,928,000 13,882,000 13,928,000 20,392,000 14,708,000 11,644,000 13,297,000 7,666,000 
      water solutions — affiliate
    		5,762,000 6,759,000 5,137,000 4,225,000 3,453,000 5,242,000 4,798,750 3,048,000 8,163,000 7,984,000       
      other revenue
    		726,000 898,000 5,061,000 3,063,000 440,000 529,000 482,000 761,000 645,000 465,000 342,000 246,000 118,000    
      total revenue
    		124,092,000 120,491,000 118,609,000 112,312,000 101,117,000 103,406,000 104,125,000 99,789,000 96,633,000 91,571,000 82,870,000 90,776,000 76,386,000 70,969,000 66,979,000 59,499,000 
      yoy
    		22.72% 16.52% 13.91% 12.55% 4.64% 12.92% 25.65% 9.93% 26.51% 29.03% 23.73% 52.57%     
      qoq
    		2.99% 1.59% 5.61% 11.07% -2.21% -0.69% 4.35% 3.27% 5.53% 10.50% -8.71% 18.84% 7.63% 5.96% 12.57%  
      cost of revenue
    		                
      direct operating costs
    		58,227,000 50,188,000 52,003,000 46,553,000 40,194,000 39,646,000 44,995,000 44,687,000 44,446,000 43,845,000 38,143,000 43,885,000 30,781,000 26,671,000 24,211,000 23,497,000 
      cost of goods sold
    		127,000                
      depreciation, amortization and accretion
    		19,972,000 19,756,000 20,057,000 19,974,000 19,707,000 19,421,000 19,495,000 19,445,000 19,086,000 18,606,000 17,800,000 16,942,000 16,203,000 16,579,000 15,217,000 15,378,000 
      total cost of revenue
    		78,326,000 69,944,000 72,060,000 66,527,000 59,901,000 59,067,000 64,490,000 64,132,000 63,532,000 62,451,000 55,943,000 60,827,000 46,984,000 43,250,000 39,428,000 38,875,000 
      gross profit
    		45,766,000 50,547,000 46,549,000 45,785,000 41,216,000 44,339,000 39,635,000 35,657,000 33,101,000 29,120,000 26,927,000 29,949,000 29,402,000 27,719,000 27,551,000 20,624,000 
      yoy
    		11.04% 14.00% 17.44% 28.40% 24.52% 52.26% 47.19% 19.06% 12.58% 5.05% -2.26% 45.21%     
      qoq
    		-9.46% 8.59% 1.67% 11.09% -7.04% 11.87% 11.16% 7.72% 13.67% 8.14% -10.09% 1.86% 6.07% 0.61% 33.59%  
      gross margin %
    		36.88% 41.95% 39.25% 40.77% 40.76% 42.88% 38.06% 35.73% 34.25% 31.80% 32.49% 32.99% 38.49% 39.06% 41.13% 34.66% 
      operating costs and expenses
    		                
      abandoned well costs
    		998,000 462,000 200,000 8,000  335,000 89,000 1,214,000   1,134,000 9,222,000 5,415,000  1,103,000 27,402,000 
      general and administrative
    		17,699,000 20,010,000 17,362,000 17,415,000 16,037,000 14,501,000 12,447,000 13,526,000 12,682,000 11,799,000 11,360,000 11,482,000 11,648,000 10,730,000 12,026,000 5,228,000 
      research and development expense
    		946,000 1,128,000 433,000 408,000 1,128,000 1,065,000 1,253,000 809,000 650,000 408,000       
      other operating expense
    		-208,000 1,112,000 1,890,000 -358,000 132,000 580,000 866,000 -2,121,000 -192,000 217,000       
      total operating expenses
    		19,435,000 22,712,000 19,885,000 17,473,000 17,297,000 16,481,000 14,655,000 13,428,000 13,140,000 12,424,000 13,581,000 20,943,000 17,576,000 27,391,000 13,196,000 33,570,000 
      operating income
    		26,331,000 27,835,000 26,664,000 28,312,000 23,919,000 27,858,000 24,980,000 22,229,000 19,961,000 16,696,000 13,346,000 9,006,000 11,826,000 328,000 14,355,000 -12,946,000 
      yoy
    		10.08% -0.08% 6.74% 27.37% 19.83% 66.85% 87.17% 146.82% 68.79% 4990.24% -7.03% -169.57%     
      qoq
    		-5.40% 4.39% -5.82% 18.37% -14.14% 11.52% 12.38% 11.36% 19.56% 25.10% 48.19% -23.85% 3505.49% -97.72% -210.88%  
      operating margin %
    		21.22% 23.10% 22.48% 25.21% 23.65% 26.94% 23.99% 22.28% 20.66% 18.23% 16.10% 9.92% 15.48% 0.46% 21.43% -21.76% 
      other expense
    		                
      interest expense
    		9,567,000 9,230,000 9,600,000 9,382,000 8,813,000 8,438,000 9,266,000 7,955,000 7,971,000 7,661,000 7,322,000 6,763,000 7,315,000 7,785,000 7,618,000 7,880,000 
      other
    		 2,535,000    1,000           
      total other expense
    		9,567,000 11,765,000 9,600,000 9,382,000 8,813,000 8,439,000     7,322,000 6,763,000 7,315,000    
      income before income taxes
    		16,764,000 16,070,000 17,064,000 18,930,000 15,106,000 19,419,000 15,607,000 14,274,000 11,990,000 9,035,000 6,024,000 2,243,000 4,511,000 -7,457,000   
      income tax expense
    		2,680,000 70,000 3,259,000 2,499,000 1,994,000 2,589,000 2,576,000 2,032,000 1,559,000 1,327,000 605,000 287,000 472,000    
      net income
    		14,084,000 16,000,000 13,805,000 16,431,000 13,112,000 16,830,000 13,031,000 12,242,000 10,431,000 7,708,000 5,419,000 1,956,000 4,039,000 -6,617,000 6,358,000 -20,743,000 
      yoy
    		7.41% -4.93% 5.94% 34.22% 25.70% 118.34% 140.47% 525.87% 158.26% -216.49% -14.77% -109.43%     
      qoq
    		-11.98% 15.90% -15.98% 25.31% -22.09% 29.15% 6.45% 17.36% 35.33% 42.24% 177.04% -51.57% -161.04% -204.07% -130.65%  
      net income margin %
    		11.35% 13.28% 11.64% 14.63% 12.97% 16.28% 12.51% 12.27% 10.79% 8.42% 6.54% 2.15% 5.29% -9.32% 9.49% -34.86% 
      net income attributable to noncontrolling interest
    		7,433,000 7,389,000 8,024,000 8,943,000 7,147,000 9,207,000 7,632,000 6,829,000 5,733,000 4,330,000 -123,250 1,257,000 2,645,000    
      net income attributable to aris water solutions, inc.
    		6,651,000 8,611,000 5,781,000 7,488,000 5,965,000 7,623,000 5,399,000 5,413,000 4,698,000 3,378,000 1,829,000 699,000 1,394,000    
      net income per share
    		             -0.11   
      basic
    		0.19 0.26 0.17 0.23 0.18 0.23 0.17 0.17 0.15 0.11 0.07 0.02 0.06    
      diluted
    		0.19 0.25 0.17 0.22 0.18 0.23 0.17 0.17 0.15 0.11 0.07 0.02 0.05    
      weighted-average shares of class a common stock outstanding
    		                
      basic
    		32,702,834 31,393,532 30,575,739 30,631,995 30,549,092 30,354,014 30,037,681 30,050,560 30,036,593 29,935,145 24,070,934      
      diluted
    		33,494,725 32,265,653 30,877,637 30,919,575 30,589,997 30,354,014 30,037,681 30,050,560 30,036,593 29,935,145 24,146,215      
      impairment of long-lived assets
    		             15,597,000   
      produced water handling — affiliates
    		          17,271,000 24,796,000 23,207,000    
      water solutions — affiliates
    		          2,910,000 5,668,000 2,828,000    
      loss on asset disposal and other
    		          454,000 239,000 513,000 1,064,000   
      equity accretion and dividend — redeemable preferred units
    		                
      net income attributable to stockholders'/members' equity
    		          -155,500 1,956,000 4,039,000 -6,617,000   
      produced water handling—affiliates
    		             21,081,000 24,382,000 23,135,000 
      water solutions—affiliates
    		             3,144,000 2,182,000 4,059,000 
      income tax benefit
    		             -840,000 -20,250 -83,000 
      equity accretion and dividend—redeemable preferred units
    		                
      net loss attributable to noncontrolling interest
    		             -4,395,000   
      net loss attributable to aris water solutions, inc.
    		             -2,222,000   
      net income per share
    		             -0.11   
      weighted-average shares of class a common stock outstanding, basic and diluted
    		             21,852,966   
      other operating expenses
    		              647,500 940,000 
      other income
    		                
      loss on debt modification
    		              95,000  
      total other income
    		              4,558,750 7,880,000 
      income before taxes
    		              6,737,000 -20,826,000 
      equity accretion and dividend related to redeemable preferred units
    		              5,250  
      net income attributable to members' equity
    		              -3,336,500 -20,743,000 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 
                      
        assets
      		                
        cash
      		57,359,000 24,574,000 28,673,000 32,760,000 11,526,000 20,654,000 5,063,000 24,184,000 4,016,000 25,508,000 1,122,000 25,180,000 35,135,000 67,779,000   
        accounts receivable
      		66,878,000 69,144,000 63,016,000 69,854,000 64,309,000 55,426,000 59,393,000 57,820,000 66,586,000 73,732,000 81,683,000 76,273,000 63,543,000 50,792,000 41,973,000 32,576,000 
        accounts receivable from affiliate
      		24,418,000 32,134,000 12,016,000 31,192,000 29,132,000 25,669,000 22,963,000 23,296,000 27,721,000 27,239,000  25,772,000 21,683,000 19,584,000 20,191,000 21,584,000 
        other receivables
      		13,222,000 13,873,000 13,829,000 15,292,000 13,432,000 11,084,000 12,767,000 18,077,000 8,732,000 4,771,000 4,354,000 6,287,000 2,874,000 2,730,000 4,126,000 3,649,000 
        other current assets
      		8,728,000 10,495,000               
        total current assets
      		170,605,000 150,220,000 127,952,000 153,557,000 123,788,000 119,183,000 108,550,000 125,618,000 129,054,000 135,793,000 138,993,000 135,340,000 135,415,000 153,526,000 132,388,000 95,547,000 
        fixed assets
      		                
        property, plant and equipment
      		1,245,013,000 1,213,129,000 1,188,781,000 1,125,295,000 1,116,165,000 1,079,012,000 1,041,703,000 1,021,516,000 982,857,000 955,848,000 907,784,000 881,003,000 743,021,000 696,275,000 700,756,000 692,231,000 
        accumulated depreciation
      		-180,435,000 -170,009,000 -160,176,000 -150,867,000 -141,019,000 -131,121,000 -121,989,000 -112,151,000 -102,578,000 -97,479,000 -88,681,000 -81,019,000 -74,488,000 -68,160,000 -67,749,000 -60,757,000 
        total property, plant and equipment
      		1,064,578,000 1,043,120,000 1,028,605,000 974,428,000 975,146,000 947,891,000 919,714,000 909,365,000 880,279,000 858,369,000 819,103,000 799,984,000 668,533,000 628,115,000 633,007,000 631,474,000 
        intangible assets
      		180,709,000 189,185,000 195,223,000 204,487,000 213,750,000 223,013,000 232,277,000 241,550,000 250,942,000 260,394,000 269,845,000 277,379,000 286,562,000 295,746,000 304,930,000 313,081,000 
        goodwill
      		34,585,000 34,585,000 34,585,000 34,585,000 34,585,000 34,585,000 34,585,000 34,585,000 34,585,000 34,585,000 34,585,000 34,585,000 34,585,000 34,585,000 34,585,000 34,585,000 
        deferred income tax assets
      		7,199,000 10,133,000 13,449,000 15,966,000 18,510,000 20,729,000 22,634,000 25,783,000 27,670,000 29,206,000 30,424,000 24,377,000 22,405,000 22,439,000   
        operating lease right-of-use assets
      		15,714,000 14,573,000 15,016,000 15,650,000             
        other assets
      		3,485,000 4,064,000 5,284,000 5,986,000 5,445,000 5,740,000 5,995,000 853,000 998,000 1,139,000 1,281,000 1,422,000 1,566,000 1,708,000 1,850,000 2,848,000 
        total assets
      		1,476,875,000 1,445,880,000 1,420,114,000 1,404,659,000 1,387,063,000 1,367,595,000 1,340,481,000 1,354,514,000 1,332,693,000 1,328,240,000 1,303,366,000 1,280,722,000 1,156,133,000 1,143,121,000 1,126,693,000 1,077,535,000 
        liabilities and stockholders' equity
      		                
        accounts payable
      		22,627,000 16,731,000 20,182,000 13,510,000 42,112,000 37,814,000 25,925,000 30,974,000 36,718,000 27,733,000 22,982,000 35,823,000 19,283,000 19,281,000 7,082,000 10,067,000 
        payables to affiliate
      		3,567,000 3,775,000 941,000 938,000 679,000 695,000 894,000 1,177,000 2,443,000 2,611,000  2,412,000 2,119,000 1,740,000 1,499,000 1,169,000 
        insurance premium financing liability
      		2,281,000 4,522,000 6,725,000  1,855,000 3,676,000 5,463,000          
        accrued and other current liabilities
      		70,386,000 55,505,000 77,339,000 74,830,000 50,261,000 66,903,000 64,416,000 81,189,000 73,699,000 75,185,000 65,411,000 85,089,000 55,530,000 46,174,000 40,464,000 46,774,000 
        total current liabilities
      		98,861,000 80,533,000 105,187,000 89,278,000 94,907,000 109,088,000 96,698,000 113,340,000 112,860,000 105,529,000 91,414,000 123,324,000 76,932,000 67,195,000 49,045,000 58,010,000 
        long-term debt
      		490,522,000 490,113,000 441,662,000 452,194,000 444,727,000 422,259,000 421,792,000 429,324,000 423,856,000 435,389,000 428,921,000 393,453,000 392,986,000 392,518,000 392,051,000 391,583,000 
        asset retirement obligations
      		22,930,000 22,148,000 21,865,000 21,499,000 20,904,000 20,149,000 19,030,000          
        tax receivable agreement liability
      		58,700,000 58,700,000 98,781,000 98,274,000 98,274,000 98,274,000 98,274,000 98,164,000 98,093,000 98,090,000 97,980,000 80,009,000 78,116,000 77,095,000 75,564,000  
        other long-term liabilities
      		18,200,000 17,182,000 17,335,000 16,650,000 16,071,000 16,423,000 16,794,000 16,756,000 10,467,000 10,048,000 10,421,000 8,966,000 5,631,000 5,398,000   
        total liabilities
      		689,213,000 668,676,000 684,830,000 677,895,000 674,883,000 666,193,000 652,588,000 675,720,000 663,327,000 667,018,000 646,279,000 613,900,000 561,140,000 549,736,000 524,154,000 456,961,000 
        commitments and contingencies
      		                
        stockholders' equity
      		                
        preferred stock 0.01 par value...
      		                
        class a common stock 0.01 par value...
      		335,000 335,000 314,000 311,000 310,000 310,000 306,000 303,000 302,000 302,000 300,000 261,000 220,000 219,000 218,000  
        class b common stock 0.01 par value...
      		264,000 264,000 274,000 275,000 275,000 275,000 275,000 275,000 276,000 276,000 276,000 308,000 315,000 316,000 317,000  
        treasury stock
      		-19,037,000 -19,011,000 -8,988,000 -6,822,000 -6,730,000 -6,714,000 -5,133,000 -4,259,000 -3,490,000 -3,490,000 -2,891,000 -135,000 -135,000 -135,000 -135,000  
        additional paid-in-capital
      		411,779,000 408,878,000 343,342,000 337,609,000 335,183,000 333,252,000 328,543,000 325,655,000 323,799,000 322,167,000 319,545,000 282,917,000 217,839,000 215,805,000 212,926,000  
        retained earnings
      		19,522,000 17,653,000 13,676,000 11,332,000 7,235,000 4,652,000           
        total stockholders' equity attributable to aris water solutions, inc.
      		412,863,000 408,119,000 348,618,000 342,705,000 336,273,000 331,775,000 323,904,000 319,291,000 315,596,000 312,085,000 309,508,000 276,257,000 212,824,000 211,464,000   
        noncontrolling interest
      		374,799,000 369,085,000 386,666,000 384,059,000 375,907,000 369,627,000 363,989,000 359,503,000 353,770,000 349,137,000       
        total stockholders' equity
      		787,662,000 777,204,000 735,284,000 726,764,000 712,180,000 701,402,000 687,893,000 678,794,000 669,366,000 661,222,000 657,087,000 666,822,000 594,993,000 593,385,000   
        total liabilities and stockholders' equity
      		1,476,875,000 1,445,880,000 1,420,114,000 1,404,659,000 1,387,063,000 1,367,595,000 1,340,481,000 1,354,514,000 1,332,693,000 1,328,240,000 1,303,366,000 1,280,722,000 1,156,133,000 1,143,121,000   
        prepaids and deposits
      		  10,418,000 4,459,000 5,389,000 6,350,000 8,364,000 2,241,000 4,222,000 4,543,000 5,805,000 1,828,000 4,730,000 5,191,000 6,043,000  
        right-of-use assets
      		    15,839,000 16,454,000 16,726,000 16,760,000 9,165,000 8,754,000 9,135,000 7,635,000 7,067,000 7,002,000   
        accumulated deficit
      		      -87,000 -2,683,000 -5,291,000 -7,170,000 -7,722,000 -7,094,000 -5,415,000 -4,741,000 -457,000  
        asset retirement obligation
      		       18,136,000 18,051,000 17,962,000 17,543,000 8,148,000 7,475,000 7,530,000 6,158,000 6,032,000 
        assets held for sale
      		        17,777,000    7,450,000 7,450,000   
        accounts receivable from affiliates
      		          46,029,000      
        payables to affiliates
      		          3,021,000      
        noncontrolling interests
      		          347,579,000 390,565,000 382,169,000 381,921,000 389,670,000  
        stockholders' equity:
      		                
        cash and cash equivalents
      		              60,055,000 36,389,000 
        net deferred income tax assets
      		              19,933,000  
        liabilities, mezzanine, stockholders' and members' equity
      		                
        deferred revenue and other long-term liabilities
      		              1,336,000 1,336,000 
        mezzanine equity:
      		                
        redeemable preferred units, 10,000 par value, none issued or outstanding as of december 31, 2021 and 7,307 outstanding as of december 31, 2020
      		                
        stockholders' and members' equity:
      		                
        members' equity
      		                
        total stockholders'/members' equity attributable to aris water solutions, inc.
      		              212,869,000  
        total stockholders'/members' equity
      		              602,539,000  
        total liabilities, mezzanine and stockholders'/members' equity
      		              1,126,693,000  
        prepaids, deposits and other current assets
      		               1,349,000 
        ​
      		                
        liabilities, mezzanine and members' equity
      		                
        redeemable preferred units, 10,000 par value, none issued or outstanding as of september 30, 2021 and 7,307 outstanding as of december 31, 2020
      		                
        members' equity:
      		                
        class a units, 10 par value, 27,797,658 and 27,797,207 issued and outstanding as of september 30, 2021 and december 31, 2020, respectively
      		               308,638,000 
        class b units, 10 par value, 3,556,051 issued and outstanding as of september 30, 2021 and december 31, 2020
      		               35,773,000 
        class c units, 0 par value, 878,850 and 806,350 issued and outstanding as of september 30, 2021 and december 31, 2020, respectively
      		                
        class d units, 10 par value, 6,651,100 issued and outstanding as of september 30, 2021 and december 31, 2020
      		               276,163,000 
        total members' equity
      		               620,574,000 
        total liabilities, mezzanine and members' equity
      		               1,077,535,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 
                       
          cash flow from operating activities
        		               
          net income
        		14,084,000 16,000,000 13,805,000 16,431,000 13,112,000 16,830,000 13,031,000 12,242,000 10,431,000 7,708,000   4,039,000 -6,617,000  
          adjustments to reconcile net income to net cash from operating activities:
        		               
          deferred income tax expense
        		2,216,000 2,181,000 2,959,000 1,960,000 1,641,000 2,129,000 2,526,000 1,936,000 1,537,000 1,300,000      
          depreciation, amortization and accretion
        		19,972,000 19,756,000 20,057,000 19,974,000 19,707,000 19,421,000 19,495,000 19,445,000 19,086,000 18,606,000 17,800,000 16,942,000 16,203,000 16,579,000 15,217,000 
          stock-based compensation
        		6,247,000 5,690,000 4,700,000 5,275,000 4,693,000 3,521,000 2,624,000 3,360,000 3,117,000 2,468,000  3,595,000 3,202,000 2,337,000  
          abandoned well costs
        		998,000 462,000 200,000 8,000 -25,000 335,000 89,000    1,134,000 9,222,000   1,103,000 
          loss on disposal of assets
        		128,000 91,000 18,000 -30,000   -32,000         
          abandoned projects
        		0 237,000 714,000 78,000 16,000 729,000     6,000 0 64,000 2,000 12,000 
          amortization of debt issuance costs
        		687,000 619,000 756,000 757,000 720,000 716,000 700,000 539,000 533,000 508,000 580,000 464,000    
          loss on debt extinguishment
        		0 2,535,000              
          other
        		152,000 25,000 638,000 -313,000 412,000 323,000 438,000 -849,000 324,000 180,000 312,000 -16,000 124,000 203,000  
          changes in operating assets and liabilities:
        		               
          accounts receivable
        		2,266,000 -6,128,000 6,837,000 -5,515,000 -8,895,000 3,371,000 -1,878,000 7,497,000 7,146,000 7,951,000 -5,128,000 -12,761,000 -12,926,000 -7,996,000 -10,225,000 
          accounts receivable from affiliate
        		7,716,000 -20,118,000 19,176,000 -2,060,000 -3,463,000 -2,706,000 333,000 4,463,000 -482,000 18,790,000  -4,089,000 -2,100,000 608,000 1,393,000 
          other receivables
        		651,000 831,000 2,309,000 -2,503,000 -2,348,000 1,683,000 3,711,000 -9,354,000 -3,673,000 -332,000 1,301,000 -3,160,000 226,000 795,000 133,000 
          other current assets
        		2,202,000 153,000              
          accounts payable
        		2,380,000 306,000 1,912,000 -10,236,000 -1,564,000 3,382,000 4,092,000 846,000 -2,299,000 1,298,000 -1,330,000 5,434,000 -3,227,000 1,026,000 -4,987,000 
          payables to affiliate
        		-208,000 -816,000  259,000 -16,000 -199,000  -1,266,000 -168,000 -410,000  293,000 379,000 241,000 330,000 
          accrued liabilities and other
        		13,501,000 -28,659,000 259,000 27,912,000 -10,781,000 -7,686,000 -8,004,000 16,635,000 851,000 357,000 -6,900,000 18,955,000 -2,007,000 2,470,000 -5,489,000 
          net cash from operating activities
        		72,992,000 -6,835,000 67,651,000 53,078,000 14,338,000 43,809,000 31,348,000 56,058,000 36,794,000 59,673,000 -6,972,000 39,928,000 10,867,000 26,390,000 1,626,000 
          capital expenditures
        		0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 
          free cash flows
        		72,992,000 -6,835,000 67,651,000 53,078,000 14,338,000 43,809,000 31,348,000 56,058,000 36,794,000 59,673,000 -6,972,000 39,928,000 10,867,000 26,390,000 1,626,000 
          cash flow from investing activities
        		               
          property, plant and equipment expenditures
        		-20,424,000 -20,390,000 -12,784,000 -30,322,000 -37,297,000 -19,582,000 -37,862,000 -53,893,000 -42,666,000 -35,315,000 -49,534,000 -48,673,000 -38,508,000 -9,810,000 -11,936,000 
          cash paid for acquisitions
        		-13,231,000 -2,000,000              
          proceeds from the sale of property, plant and equipment
        		4,509,000 120,000 359,000 66,000 93,000 1,000     7,259,000     
          net cash from investing activities
        		-29,146,000 -22,270,000 -58,529,000 -30,256,000 -37,204,000 -19,581,000 -37,827,000 -35,524,000 -40,916,000 -35,315,000 -44,022,000 -44,585,000 -38,508,000 -9,810,000 -11,936,000 
          cash flow from financing activities
        		               
          dividends and distributions paid
        		-8,553,000 -8,555,000 -6,367,000 -6,375,000 -6,368,000 -5,449,000 -5,346,000 -5,340,000 -5,370,000 -5,373,000 -5,308,000 -5,298,000 -5,003,000 -8,856,000  
          repurchase of shares for the payment of withholding taxes
        		-26,000 -10,023,000              
          repayment of credit facility
        		0 -89,000,000 -46,000,000 -25,000,000 0 -15,000,000 -67,000,000 -15,000,000 -27,000,000 -9,000,000     0 
          proceeds from credit facility
        		0 45,000,000 35,000,000 32,000,000 22,000,000 15,000,000 59,000,000 20,000,000 15,000,000 15,000,000      
          proceeds from 2030 notes
        		0 500,000,000              
          satisfaction and discharge of 2026 notes
        		0 -400,000,000              
          payment of debt issuance costs related to 2030 notes
        		0 -9,914,000              
          payment of insurance premium financing
        		-2,308,000 -2,307,000 -2,145,000 -1,878,000 -1,878,000 -1,878,000          
          payment of finance leases
        		-174,000 -195,000 -310,000             
          net cash from financing activities
        		-11,061,000 25,006,000 -13,209,000 -1,588,000 13,738,000 -8,637,000 -12,642,000 -366,000 -17,370,000 28,000 26,936,000 -5,298,000 -5,003,000 -8,856,000 33,976,000 
          net increase in cash
        		32,785,000 -4,099,000 -4,087,000 21,234,000 -9,128,000 15,591,000 -19,121,000 20,168,000 -21,492,000 24,386,000 -24,058,000 -9,955,000 -32,644,000 7,724,000  
          cash, beginning of period
        		0 28,673,000  0 0 5,063,000  0 0 1,122,000  0 0 60,055,000  
          cash, end of period
        		32,785,000 24,574,000  21,234,000 -9,128,000 20,654,000  20,168,000 -21,492,000 25,508,000  -9,955,000 -32,644,000 67,779,000  
          supplementary cash flow data
        		               
          cash paid for interest
        		0 16,154,000  756,000 15,819,000 986,000  817,000        
          cash paid for income taxes
        		477,000 1,278,000 0 57,000            
          adjustments to reconcile net income to net cash from operating activities
        		               
          impairment of long-lived assets
        		          0 0 0 15,597,000  
          change in payables related to tax receivable agreement liability
        		               
          changes in operating assets and liabilities
        		               
          prepaids and deposits
        		  -6,921,000 1,081,000 961,000 2,014,000 -6,123,000 1,981,000 321,000 1,262,000      
          payables to affiliates
        		               
          cash paid for asset acquisitions
        		               
          repurchase of shares
        		  -2,166,000 -92,000 -16,000 -1,310,000 -738,000 -26,000 0 -599,000      
          payment of debt issuance costs related to credit facility
        		               
          proceeds from insurance premium financing
        		               
          cash, beginning of year
        		               
          cash, end of year
        		               
          cash paid for interest, net of amount capitalized
        		               
          deposit on assets held for sale
        		               
          gain on disposal of assets
        		     -54,000          
          proceeds from issuance of class a common stock sold in initial public offering, net of underwriting discounts and commissions
        		               
          payment of issuance costs of class a common stock
        		               
          proceeds from senior sustainability-linked notes
        		               
          payment of debt issuance costs related to issuance of senior sustainability-linked notes
        		               
          redemption of redeemable preferred units
        		              0 
          members' contributions
        		              0 
          proceeds from sale of property, plant and equipment
        		               
          loss on disposal of asset
        		        70,000 -13,000 -3,000 -97,000 24,000 554,000 50,000 
          stock based compensation
        		               
          accounts receivable from affiliates
        		               
          prepaids, deposits and other current assets
        		          -3,977,000 2,902,000 461,000 852,000  
          deferred revenue
        		          0 0    
          payments of financing costs related to issuance of senior sustainability-linked notes
        		               
          payments of financing costs related to credit facility
        		               
          net loss
        		               
          adjustments to reconcile net loss to net cash from operating activities:
        		               
          deferred income tax benefit
        		           288,000 456,000 -840,000  
          loss on debt modification
        		              0 
          proceeds from senior-sustainability linked notes
        		               
          payments for initial public offering costs
        		               
          payments of debt issuance costs related to issuance of senior- sustainability linked notes
        		               
          payments of debt issuance costs related to credit facility
        		               
          amortization of deferred financing costs
        		             565,000 553,000 
          adjustment in deferred revenue
        		             14,000 -93,000 
          bad debt expense
        		              0 
          proceeds from sales of property, plant and equipment
        		               
          distributions to unit holders
        		               
          payments of financing costs
        		               
          net increase in cash and cash equivalents
        		              23,666,000 
          cash and cash equivalents, beginning of year
        		               
          cash and cash equivalents, end of year
        		               
          supplementary cash flow data:
        		               
          adjustments to reconcile net loss to net cash from operating activities
        		               
          payments of financing costs related to issuance of senior- sustainability linked notes
        		               
          cash and cash equivalents, beginning of period
        		               
          cash and cash equivalents, end of period