v3.25.2
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Stock-Based Compensation Expense The total stock-based compensation expense is included on the unaudited condensed consolidated statements of operations based upon the job function of the employees receiving the grants as follows:
Successor
(in thousands)
Three Months Ended June 30, 2025Three Months Ended June 30, 2024Six Months Ended June 30, 2025February 14, 2024—June 30, 2024
Operations and maintenance expenses$1,576 $1,933 $3,177 $1,933 
General and administrative expenses8,851 20,972 13,315 67,352 
Total$10,427 $22,905 $16,492 $69,285 
Summary of Stock-Settled Restricted Stock Share Activity
The following table summarizes restricted stock award activity for the six months ended June 30, 2025 (Successor), and for the period February 14, 2024 through June 30, 2024 (Successor):
Successor
Six Months Ended June 30, 2025February 14, 2024—June 30, 2024
Weighted-average grant date fair valueWeighted-average grant date fair value
SharesShares
Non-vested, beginning of the period4,874,270 $11.99 — $— 
Granted202,885 25.57 4,679,166 11.61 
Vested(4,970,524)12.56 — — 
Forfeited(106,631)11.46 — — 
Non-vested, end of the period— $— 4,679,166 $11.61 
The following table summarizes restricted stock unit activity for the three months and six months ended June 30, 2025 (Successor):
Successor
Weighted-average grant date fair value
Shares
Non-vested, beginning of the period— $— 
Granted10,460,465 20.34 
Vested— — 
Forfeited— — 
Non-vested, end of the period10,460,465 $20.34