Other property and equipment, net is summarized below:
December 31,
20252024
(In thousands)
Furniture, fixtures and other
$7,583 $5,882 
Land
17,983 16,673 
Midstream property and equipment
— 11,297 
Other property and equipment
$25,566 $33,852 
Accumulated depreciation and amortization
(3,694)(3,375)
Total other property and equipment, net
$21,872 $30,477 
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Historical Timeline

Fiscal YearFiled
2025Mar 4, 2026Showing above
2024Mar 5, 2025
2020Mar 30, 2021
2019Mar 30, 2020
2018Mar 28, 2019
2017Mar 28, 2018
2016Mar 30, 2017
2015Mar 30, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.