v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 173,032 $ 339,625
Trade receivables, net 250,921 209,110
Inventories 195,165 155,743
Other current assets 87,678 110,275
Total current assets 706,796 814,753
Non-current assets:    
Property, plant and equipment, net 1,654,455 1,507,130
Right of use asset - operating leases, net 86,481 90,143
Goodwill 28,008 28,008
Intangible assets, net 2,708 2,905
Restricted deposits 141,696 68,471
Deferred income tax assets 0 0
Other non-current assets 5,411 6,342
Total assets 2,625,555 2,517,752
Current liabilities:    
Accounts payable 89,178 101,743
Accrued expenses and other current liabilities 276,032 206,798
Asset retirement obligations 10,978 15,523
Contract obligations 22,445 37,090
Lease liabilities 34,300 19,502
Interest bearing liabilities 1,671 1,363
Income tax payable 21,024 17,568
Less: current portion 1,424 5,988
Total current liabilities 457,052 405,575
Non-current liabilities:    
Asset retirement obligations 143,388 149,275
Contract obligations 522,968 312,822
Interest bearing liabilities 684,989 410,944
Other financial liabilities 18,888 18,881
Lease liabilities 83,866 74,241
Deferred income tax liabilities 23,249 36,737
Other non-current liabilities 41,409 36,392
Total liabilities 1,975,809 1,444,867
Common stock $0.01 par value; 1,000,000,000 shares authorized, 167,645,373 shares issued and outstanding as of December 31, 2025 and December 31, 2024 1,677 1,677
Series A Preferred stock $0.01 par value; 100,000,000 shares authorized, 1 Share issued and outstanding as of December 31, 2025 and December 31, 2024 0 0
Additional paid-in capital 1,094,743 1,094,560
Accumulated other comprehensive losses (120,444) (137,560)
(Accumulated losses) retained earnings (326,230) 114,208
Total stockholders' equity 649,746 1,072,885
Total liabilities and stockholders' equity $ 2,625,555 $ 2,517,752