v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 40,632 $ 71,704
Accounts receivable, net 180,711 165,967
Inventories 13,616 17,302
Spare part inventories, net 48,110 23,248
Prepaid expenses and other current assets 24,373 11,197
Total current assets 307,514 289,418
Property, plant and equipment, net 1,540,813 1,486,246
Operating lease right-of-use assets 10,702 13,632
Finance lease right-of-use assets 33,081 5,034
Goodwill 152,903 68,999
Intangible assets, net 182,238 105,867
Other long-term assets 1,177 3,456
Total assets 2,228,428 1,972,652
Current liabilities:    
Accounts payable 69,166 119,018
Accrued liabilities 84,611 60,294
Current portion of long-term debt [1] 40,681 43,736
Current portion of operating lease liabilities 347 6,622
Current portion of finance lease liabilities 6,427 2,811
Current portion of deferred revenue 1,404 7,755
Other current liabilities 8,391 2,603
Total current liabilities 211,064 243,065
Long-term debt, net of discount and deferred financing costs 538,240 466,989
Deferred tax liabilities 221,622 206,872
Operating lease liabilities 11,138 7,454
Finance lease liabilities 24,969 2,483
Asset retirement obligation 6,933 7,040
Other long-term liabilities 5,538 2,193
Total liabilities 1,019,504 936,096
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.01 par value; 500,000,000 authorized; no shares issued and outstanding as of December 31, 2025 and 2024. 0 0
Common Stock, $0.01 par value, 1,500,000,000 shares authorized, 124,111,436 shares and 110,217,322 shares issued and outstanding as of December 31, 2025 and 2024, respectively. 1,241 1,102
Additional paid-in-capital 1,257,987 1,035,454
Accumulated deficit (50,304) 0
Total stockholders' equity 1,208,924 1,036,556
Total liabilities and stockholders' equity 2,228,428 1,972,652
Related Party [Member]    
Current assets:    
Accounts receivable - related parties 72 0
Current liabilities:    
Accounts payable - related parties $ 37 $ 226
[1]

(a) The current portion of long-term debt reflects payments based on the terms of the 2025 Term Loan Credit Facility, the Deferred Cash Consideration Note, and other indebtedness.

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