v3.25.2
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 20,901 $ 22,822
Restricted cash 4,603 2,377
Accounts receivable 84,580 77,058
Other current assets 5,987 16,014
Total current assets 116,071 118,271
Property, plant and equipment, net 1,853,154 1,785,029
Intangible assets, net 160,049 154,279
Investment in equity method investee 268,311 269,561
Other noncurrent assets 25,458 32,344
TOTAL ASSETS 2,423,043 2,359,484
LIABILITIES AND EQUITY    
Trade accounts payable 30,881 25,162
Accrued expenses 29,906 38,176
Deferred revenue 9,811 9,595
Ad valorem taxes payable 9,001 9,544
Accrued compensation and employee benefits 6,701 11,222
Accrued interest 26,953 21,711
Accrued environmental remediation 1,663 1,430
Accrued settlement payable 6,667 6,667
Current portion of long-term debt 16,766 16,580
Other current liabilities 19,037 34,714
Total current liabilities 157,386 174,801
Deferred tax liabilities, net 75,054 63,326
Long-term debt, net 1,058,663 976,995
Noncurrent deferred revenue 22,196 25,373
Noncurrent accrued environmental remediation 387 768
Other noncurrent liabilities 13,371 20,150
TOTAL LIABILITIES 1,327,057 1,261,413
Commitments and contingencies (See Note 9)
Mezzanine Equity    
Subsidiary Series A Preferred Units (93,039 issued and outstanding as of June 30, 2025 and December 31, 2024) 136,960 132,946
Equity    
Additional paid-in capital 634,508 540,714
Accumulated deficit (193,248) (183,333)
Total Company Stockholders’ equity 551,955 467,792
Noncontrolling interest 407,071 497,333
Total Equity 959,026 965,125
TOTAL LIABILITIES AND EQUITY 2,423,043 2,359,484
Series A Preferred Stock    
Equity    
Series A Preferred Stock (65,508 authorized, issued and outstanding as of June 30, 2025 and December 31, 2024) 110,508 110,230
Common Stock    
Equity    
Common stock, value issued 122 106
Class B Common Stock    
Equity    
Common stock, value issued $ 65 $ 75