v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 22,322 $ 40,632
Accounts receivable, net 214,082 180,711
Inventories 11,739 13,616
Spare part inventories, net 50,887 48,110
Prepaid expenses and other current assets 30,033 24,373
Total current assets 329,063 307,514
Property, plant and equipment, net 1,563,410 1,540,813
Operating lease right-of-use assets 17,518 10,702
Finance lease right-of-use assets 73,316 33,081
Goodwill 152,903 152,903
Intangible assets, net 162,861 182,238
Other long-term assets 246,076 1,177
Total assets 2,545,147 2,228,428
Current liabilities:    
Accounts payable 98,957 69,166
Accrued liabilities 96,947 84,611
Current portion of long-term debt [1] 44,743 40,681
Current portion of operating lease liabilities 3,340 347
Current portion of finance lease liabilities 14,989 6,427
Current portion of deferred revenue 3,458 1,404
Other current liabilities 6,549 8,391
Total current liabilities 269,027 211,064
Long-term debt, net of discount and deferred financing costs 940,769 538,240
Deferred tax liabilities 179,255 221,622
Operating lease liabilities 16,984 11,138
Finance lease liabilities 53,635 24,969
Asset retirement obligation 7,302 6,933
Other long-term liabilities 1,607 5,538
Total liabilities 1,468,579 1,019,504
Commitments and contingencies (Note 9)
Stockholders' equity:    
Preferred stock, $0.01 par value; 500,000,000 authorized; no shares issued and outstanding as of September 30, 2026 and December 31, 2025. 0 0
Common Stock, $0.01 par value, 1,500,000,000 shares authorized, 125,008,936 shares and 124,111,436 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively. 1,250 1,241
Additional paid-in-capital 1,243,097 1,257,987
Accumulated deficit (167,779) (50,304)
Total stockholders' equity 1,076,568 1,208,924
Total liabilities and stockholders' equity 2,545,147 2,228,428
Related Party [Member]    
Current assets:    
Accounts receivable - related parties 0 72
Current liabilities:    
Accounts payable - related parties $ 44 $ 37
[1] The current portion of long-term debt reflects payments based on the terms of the 2025 Term Loan Credit Facility and other indebtedness.

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