v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net income $ 36,411 $ 14,325
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and accretion 22,470 17,885
Stock-based compensation 6,499 6,452
Allowance for accounts receivable 2,476 85
Assets' impairment 0 2,016
Reduction of carrying amount of operating lease right-of-use assets 771 679
Income from investments in other entities (2,627) (13,235)
Distributions from return on investments in other entities 5,649 14,336
Deferred income taxes (16,456) 0
Amortization of deferred financing costs 1,936 1,094
Gain on dispositions (3,646) (321)
Paid-in-kind interest income (193) (207)
Change in fair value of derivative financial instruments (2,366) (892)
Changes in operating assets and liabilities:    
Accounts receivable [1] (19,815) (301)
Parts inventory (670) (103)
Prepaid expenses and other current and long-term assets 11,261 (18,594)
Accounts payable [2] 1,893 3,427
Accrued expenses and other current and non-current liabilities (7,095) 4,739
Net cash provided by operating activities 36,498 31,385
Cash flows from investing activities:    
Purchase of property, plant, and equipment (70,739) (127,239)
Proceeds from sale of short-term investments 0 9,875
Distributions from return of investments in other entities 11,396 4,305
Cash paid, related to investments in other entities (22,354) (21,570)
Cash received from (paid for) note receivable 1,377 (750)
Proceeds from disposal of property, plant and equipment 3,000 828
Net cash used in investing activities (77,320) (134,551)
Cash flows from financing activities:    
Proceeds from loans 70,000 100,000
Repayment of loans (16,957) (1,621)
Financing costs paid to other third parties (1,250) (629)
Proceeds from issuance of shares of Class A common stock under the ATM program, net 0 170
Repayment of principal portion of finance lease liabilities (1,214) 0
Payment of preferred dividends (10,469) (13,086)
Distribution to non-redeemable non-controlling interest (150) (703)
Cash paid for income taxes related to net share settlement of equity awards (391) (627)
Capital contribution from non-redeemable non-controlling interests 1,991 0
Net cash provided by financing activities 41,560 83,504
Net increase (decrease) in cash, restricted cash, and cash equivalents 738 (19,662)
Cash, restricted cash, and cash equivalents, beginning of period 27,580 47,242
Cash, restricted cash, and cash equivalents, end of period 28,318 27,580
Supplemental disclosure of cash flow information    
Interest paid, net of $2,531 and $3,212 capitalized, respectively 27,800 22,907
Noncash investing and financing activities:    
Lease liabilities arising from obtaining right-of-use assets 1,549 2,403
Purchase of property, plant and equipment included in accrued expenses and other current liabilities $ 24,629 $ 23,238
[1] Includes decrease from related parties of $1,204 and $4,174 for the years ended December 31, 2025 and 2024, respectively
[2] Includes increase from related parties of $1,019 and $908 for the years ended December 31, 2025 and 2024, respectively