v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 9,274 $ 22,822
Restricted cash 10,405 2,377
Accounts receivable 69,752 77,058
Other current assets 7,490 16,014
Total current assets 96,921 118,271
Property, plant and equipment, net 1,844,146 1,785,029
Intangible assets, net 153,564 154,279
Investment in equity method investees 265,583 269,561
Other noncurrent assets 27,395 32,344
Total assets 2,387,609 2,359,484
LIABILITIES AND EQUITY    
Trade accounts payable 31,652 25,162
Accrued expenses 24,270 38,176
Deferred revenue 10,122 9,595
Ad valorem taxes payable 10,190 9,544
Accrued compensation and employee benefits 12,063 11,222
Accrued interest 30,045 21,711
Accrued environmental remediation 1,710 1,430
Accrued settlement payable 8,333 6,667
Current portion of long-term debt 21,223 16,580
Other current liabilities 27,185 34,714
Total current liabilities 176,793 174,801
Deferred tax liabilities, net 73,635 63,326
Long-term debt, net 1,024,347 976,995
Noncurrent deferred revenue 18,398 25,373
Noncurrent accrued environmental remediation 52 768
Other noncurrent liabilities 6,532 20,150
Total liabilities 1,299,757 1,261,413
Commitments and contingencies (Note 10)
Mezzanine Equity    
Subsidiary Series A Preferred Units (93,039 issued and outstanding as of December 31, 2025 and December 31, 2024) 141,296 132,946
Equity    
Additional paid-in capital 638,427 540,714
Accumulated deficit (202,902) (183,333)
Total Company stockholders’ equity 546,180 467,792
Noncontrolling interest 400,376 497,333
Total equity 946,556 965,125
TOTAL LIABILITIES AND EQUITY 2,387,609 2,359,484
Series A Preferred Stock    
Equity    
Series A Preferred Stock (65,508 shares authorized, issued and outstanding as of December 31, 2025 and December 31, 2024) 110,468 110,230
Common Stock    
Equity    
Common stock, value issued 122 106
Class B Common Stock    
Equity    
Common stock, value issued $ 65 $ 75