v3.26.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
 March 31,
2026		December 31,
2025
 (In thousands)
Outstanding debt principal balances:  
Facility $1,000,000 $1,200,000 
7.125% Senior Notes
— 100,000 
7.750% Senior Notes
100,173 350,000 
7.500% Senior Notes
400,274 400,274 
8.750% Senior Notes
500,000 500,000 
3.125% Convertible Senior Notes
400,000 400,000 
11.250% Senior Secured Bonds
350,000 — 
GoA Term Loan Facility196,429 150,000 
Total long-term debt2,946,876 3,100,274 
Unamortized deferred financing costs and discounts(1)(50,613)(47,515)
Total debt, net2,896,263 3,052,759 
Less: Current maturities of long-term debt(30,220)(132,143)
Long-term debt, net$2,866,043 $2,920,616 
(1)Includes $23.2 million and $24.3 million of unamortized deferred financing costs related to the Facility, $8.6 million and $10.4 million of unamortized deferred financing costs and discounts related to the Senior Notes, and $8.6 million and $9.0 million of unamortized deferred financing costs related to the 3.125% Convertible Senior Notes, $6.3 million and $.8 million of unamortized deferred financing costs related to the 11.250% Senior Secured Bonds and $4.0 million and $3.0 million of unamortized deferred financing costs related to the GoA Term Loan Facility as of March 31, 2026 and December 31, 2025, respectively.
Schedule of Redemption Price On and after July 29, 2028, the Company may redeem all or part of the GTA Nordic bonds at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, on the notes redeemed:
Year
Percentage
July 29, 2028 to, but not including, July 29, 2029
105.625 %
July 29, 2029 to, but not including, July 29, 2030
103.375 %
July 29, 2030 and thereafter
100.000 %
Schedule of Estimated Repayments of Debt
At March 31, 2026, the estimated repayments of debt during the five fiscal year periods and thereafter are as follows: 
 Payments Due by Year
 Total2026(2)2027202820292030Thereafter
 (In thousands)
Principal debt repayments(1)$2,946,876 $15,110 $281,061 $846,222 $554,483 $400,000 $850,000 
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(1)Includes the scheduled maturities for outstanding principal debt balances. The scheduled maturities of debt related to the Facility as of March 31, 2026 are based on our level of borrowings and our estimated future available borrowing base commitment levels in future periods. Any increases or decreases in the level of borrowings or increases or decreases in the available borrowing base would impact the scheduled maturities of debt during the next five years and thereafter.
(2)Represents payments for the period April 1, 2026 through December 31, 2026.
Schedule of Interest and Other Financing Costs, Net
Interest and other financing costs, net incurred during the periods is comprised of the following:
 
 Three Months Ended March 31,
 20262025
 (In thousands)
Interest expense$61,056 $55,846 
Amortization—deferred financing costs2,592 1,884 
Debt modifications and extinguishments(1,217)— 
Capitalized interest (1,867)(4,193)
Deferred interest (2,715)(2,042)
Interest income (7,875)(8,096)
Other, net8,828 8,443 
Interest and other financing costs, net $58,802 $51,842