Subsequent Events	12 Months Ended
Dec. 31, 2025
Subsequent Events
Subsequent Events	19. Subsequent Events In January 2026, and March 2026, respectively, the Compensation Committee of the Board of Directors approved amendments to the Executive Performance Stock Unit Agreement (the “Amended PSU Agreement”) between the Company and certain employees, including certain of the Company’s current named executive officers, pursuant to which the 2023 PSUs described in Note 16 were amended. The purpose of the Amended PSU Agreement is to preserve the original pay-for-performance intent of the 2023 PSUs and to maintain alignment with stockholder interests by taking into account the disruption caused by the Arrow Proposal in 2024, which constrained management’s ability to execute against key metrics in the 2023 PSUs. The Amended PSU Agreement extends the performance period end date for the TSR criteria from December 31, 2025 to December 31, 2026 and also extends the performance period end date for the Diversification EBITDA criteria from February 28, 2026 to February 28, 2027. The Amended PSU Agreement constitutes a reissuance of 2023 PSUs granted under the PSU Agreement pursuant to the Amended PSU Agreement. The Amended PSU Agreement otherwise has material terms that are substantially similar to those in the PSU Agreement for the 2023 PSUs approved by the Compensation Committee and previously disclosed by the Company and filed as Exhibit 10.2 to its Current Report on Form 8-K filed with the SEC on March 6, 2023. In February 2026, the Company used cash on hand to purchase a group of specialty rental assets for $8.6 million, to support growth in the WHS segment related to the expansion of the Expanded Community Contract discussed in Note 2. In 2026, the remaining $8.3 million of payments associated with the equipment purchase commitment described in Note 11 had been paid. In March 2026, the Company entered into a new multi-year lease and services agreement with a total expected minimum contract value of approximately $129 million to provide workforce accommodations and associated hospitality services, supporting a multi-gigawatt power-generation project for hyperscale AI-driven data-center development (“West Texas Power Community”). The West Texas Power Community is designed to support approximately 1,400 individuals and is governed by a 47-month initial term beginning in March 2026, requiring only $2 million to $5 million of incremental capital investment due to the use of existing infrastructure. The Company expects all operating results associated with this contract to be reported within the WHS segment. As this contract was not in place as of December 31, 2025, it is not reflected in the accompanying consolidated financial statements. In March 2026, the Company entered into a new multi‑year lease and services agreement to provide workforce accommodations and associated hospitality services in Pecos, Texas, supporting the development of a natural gas power plant. The agreement establishes a 26‑month initial term beginning in April 2026 and includes a committed minimum of 400 rooms per night. The agreement is expected to generate a total minimum contract value of approximately $23 million over the initial term, excluding any variable services or overages. The community will require an estimated incremental capital investment of approximately $2 million to $3 million, as the accommodations are available within the Company’s existing infrastructure. The Company expects all operating results associated with this contract to be reported within the WHS segment. As this contract was not in place as of December 31, 2025, it is not reflected in the accompanying consolidated financial statements.

Subsequent Events

12 Months Ended

Dec. 31, 2025

19. Subsequent Events

In January 2026, and March 2026, respectively, the Compensation Committee of the Board of Directors approved amendments to the Executive Performance Stock Unit Agreement (the “Amended PSU Agreement”) between the Company and certain employees, including certain of the Company’s current named executive officers, pursuant to which the 2023 PSUs described in Note 16 were amended. The purpose of the Amended PSU Agreement is to preserve the original pay-for-performance intent of the 2023 PSUs and to maintain alignment with stockholder interests by taking into account the disruption caused by the Arrow Proposal in 2024, which constrained management’s ability to execute against key metrics in the 2023 PSUs.

The Amended PSU Agreement extends the performance period end date for the TSR criteria from December 31, 2025 to December 31, 2026 and also extends the performance period end date for the Diversification EBITDA criteria from February 28, 2026 to February 28, 2027. The Amended PSU Agreement constitutes a reissuance of 2023 PSUs granted under the PSU Agreement pursuant to the Amended PSU Agreement. The Amended PSU Agreement otherwise has material terms that are substantially similar to those in the PSU Agreement for the 2023 PSUs approved by the Compensation Committee and previously disclosed by the Company and filed as Exhibit 10.2 to its Current Report on Form 8-K filed with the SEC on March 6, 2023.

In February 2026, the Company used cash on hand to purchase a group of specialty rental assets for $8.6 million, to support growth in the WHS segment related to the expansion of the Expanded Community Contract discussed in Note 2.

In 2026, the remaining $8.3 million of payments associated with the equipment purchase commitment described in Note 11 had been paid.

In March 2026, the Company entered into a new multi-year lease and services agreement with a total expected minimum contract value of approximately $129 million to provide workforce accommodations and associated hospitality services, supporting a multi-gigawatt power-generation project for hyperscale AI-driven data-center development (“West Texas Power Community”). The West Texas Power Community is designed to support approximately 1,400 individuals and is governed by a 47-month initial term beginning in March 2026, requiring only $2 million to $5 million of incremental capital investment due to the use of existing infrastructure. The Company expects all operating results associated with this contract to be reported within the WHS segment. As this contract was not in place as of December 31, 2025, it is not reflected in the accompanying consolidated financial statements.

In March 2026, the Company entered into a new multi‑year lease and services agreement to provide workforce accommodations and associated hospitality services in Pecos, Texas, supporting the development of a natural gas power plant. The agreement establishes a 26‑month initial term beginning in April 2026 and includes a committed minimum of 400 rooms per night. The agreement is expected to generate a total minimum contract value of approximately $23 million over the initial term, excluding any variable services or overages. The community will require an estimated incremental capital investment of approximately $2 million to $3 million, as the accommodations are available within the Company’s existing infrastructure. The Company expects all operating results associated with this contract to be reported within the WHS segment. As this contract was not in place as of December 31, 2025, it is not reflected in the accompanying consolidated financial statements.