v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 39,780 $ 40,632
Accounts receivable, net 208,381 180,711
Inventories 12,775 13,616
Spare part inventories, net 53,299 48,110
Prepaid expenses and other current assets 21,662 24,373
Total current assets 335,897 307,514
Property, plant and equipment, net 1,561,601 1,540,813
Operating lease right-of-use assets 13,860 10,702
Finance lease right-of-use assets 56,933 33,081
Goodwill 152,903 152,903
Intangible assets, net 176,283 182,238
Other long-term assets 1,101 1,177
Total assets 2,298,578 2,228,428
Current liabilities:    
Accounts payable 101,014 69,166
Accrued liabilities 95,612 84,611
Current portion of long-term debt [1] 65,632 40,681
Current portion of operating lease liabilities 3,136 347
Current portion of finance lease liabilities 9,339 6,427
Current portion of deferred revenue 4,668 1,404
Other current liabilities 6,691 8,391
Total current liabilities 286,117 211,064
Long-term debt, net of discount and deferred financing costs 557,040 538,240
Deferred tax liabilities 216,496 221,622
Operating lease liabilities 13,659 11,138
Finance lease liabilities 43,751 24,969
Asset retirement obligation 7,102 6,933
Other long-term liabilities 5,538 5,538
Total liabilities 1,129,703 1,019,504
Commitments and contingencies (Note 9)
Stockholders' equity:    
Preferred stock, $0.01 par value; 500,000,000 authorized; no shares issued and outstanding as of March 31, 2026 and December 31, 2025. 0 0
Common Stock, $0.01 par value, 1,500,000,000 shares authorized, 124,905,584 shares and 124,111,436 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively. 1,249 1,241
Additional paid-in-capital 1,265,194 1,257,987
Accumulated deficit (97,568) (50,304)
Total stockholders' equity 1,168,875 1,208,924
Total liabilities and stockholders' equity 2,298,578 2,228,428
Related Party [Member]    
Current assets:    
Accounts receivable - related parties 0 72
Current liabilities:    
Accounts payable - related parties $ 25 $ 37
[1] The current portion of long-term debt reflects payments based on the terms of the 2025 Term Loan Credit Facility and other indebtedness.