v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 71,704 $ 210,174
Accounts receivable, net 165,967 71,170
Inventories 17,302 6,449
Spare part inventories, net 23,248 15,408
Prepaid expenses and other current assets 11,197 15,485
Total current assets 289,418 318,686
Property, plant and equipment, net 1,486,246 934,660
Operating lease right-of-use assets 13,632 3,727
Finance lease right-of-use assets 5,034 424
Goodwill 68,999 0
Intangible assets, net 105,867 1,767
Other long-term assets 3,456 2,422
Total assets 1,972,652 1,261,686
Current liabilities:    
Accounts payable 119,018 60,882
Accrued liabilities 60,294 28,458
Current portion of long-term debt 43,736 0
Current portion of operating lease liabilities 6,622 1,249
Current portion of finance lease liabilities 2,811 158
Current portion of deferred revenue 7,755 0
Other current liabilities 2,603 1,568
Total current liabilities 243,065 92,592
Long-term debt, net of discount and deferred financing costs 466,989 172,820
Deferred tax liabilities 206,872 121,529
Operating lease liabilities 7,454 3,498
Finance lease liabilities 2,483 264
Asset retirement obligation 7,040 2,705
Other long-term liabilities 2,193 454
Total liabilities 936,096 393,862
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, 2024 and December 31, 2023. 0 0
Common Stock, $0.01 par value, 1,500,000,000 shares authorized, 110,217,322 and 100,025,584 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively. 1,102 1,000
Additional paid-in-capital 1,035,454 908,079
Retained Earnings (Accumulated Deficit) 0 (41,255)
Total stockholders' equity 1,036,556 867,824
Total liabilities and stockholders' equity 1,972,652 1,261,686
Related Party [Member]    
Current liabilities:    
Accounts payable - related parties $ 226 $ 277

Source

HTML PDF
XBRL ZIP