v3.24.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities:      
Net income $ 226,493 $ 217,006 $ 4,258
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and accretion expense 41,634 28,617 24,604
Loss on extinguishment of debt 0 0 11,922
Amortization of debt discount 761 457 7,320
Amortization of deferred financing costs 337 442 739
Stock and unit-based compensation 7,409 678 129
Deferred income tax 29,201 (2) 360
Interest paid-in-kind through issuance of additional term loans 0 0 3,039
Repayment of paid-in-kind interest borrowings 0 0 (22,233)
Commodity derivatives gain 0 (1,842) (55)
Settlements on commodity derivatives 0 2,137 0
Other 139 293 (105)
Changes in operating assets and liabilities:      
Accounts receivable 2,172 (44,207) (17,626)
Accounts receivable - related party 868 (768) (188)
Inventories (835) (2,415) (364)
Spare part inventories (4,639) (4,239) (617)
Prepaid expenses and other current assets (9,959) (2,030) (1,175)
Other long-term assets (1,450) (6,549) (596)
Accounts payable 5,198 7,881 5,744
Accounts payable - related parties 123 (464) 480
Deferred revenue 0 (2,000) 2,000
Accrued liabilities and other liabilities 1,575 13,017 3,720
Net cash provided by operating activities 299,027 206,012 21,356
Investing activities:      
Purchases of property, plant and equipment (365,486) (89,592) (19,371)
Net cash used in investing activities (365,486) (89,592) (19,371)
Financing Activities:      
Proceeds from equity issuances 0 0 12,613
Net proceeds from IPO 303,426 0 0
Payment of offering costs (6,020) 0 0
Member distributions prior to IPO (15,000) (45,024) (10,000)
Proceeds from term loan borrowings 0 0 178,200
Principal payments on term loan borrowings (16,573) (28,544) (172,872)
Prepayment fee on 2021 Term Loan Credit Facility (2,649) 0 0
Debt extinguishment cost 0 0 (4,514)
Issuance costs associated with debt financing (4,397) (233) (660)
Payments under finance and capital leases (2,001) (1,010) (423)
Dividends and distributions (62,163) 0 0
Net cash provided by (used in) financing activities 194,623 (74,811) 2,344
Net increase in cash and cash equivalents 128,164 41,609 4,329
Cash and cash equivalents, beginning of period 82,010 40,401 36,072
Cash and cash equivalents, end of period 210,174 82,010 40,401
Supplemental cash flow information      
Interest 15,210 14,904 19,155
Taxes 11,403 468 14
Supplemental disclosure of non-cash investing activities:      
Property, plant and equipment in accounts payable and accrued liabilities 44,381 23,298 2,551
Asset retirement obligations incurred 1,374 0 0
Redeemable noncontrolling interest cumulative adjustment to redemption value 185,412 0 0
Finance lease assets acquired through debt 39,454 0 0
Finance lease liabilities converted to debt $ 42,795 $ 0 $ 0

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