v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 94,363 $ 3,179
Accounts receivable, net of allowance $14,167 and $13,031, respectively 238,376 197,600
Inventories, net 103,926 101,530
Contract assets 7,725 5,190
Prepaid expenses and other current assets 15,150 15,637
Total current assets 459,540 323,136
Property, plant and equipment, net 3,419,137 3,377,555
Operating lease right-of-use assets, net 44,361 42,218
Finance lease right-of-use assets, net 5,892 6,500
Goodwill 408,681 408,681
Identifiable intangible assets, net 149,514 154,474
Fair value of derivative instruments 6,578 4,664
Other assets 939 789
Total assets 4,494,642 4,318,017
Current liabilities:    
Accounts payable 71,831 72,974
Accrued liabilities 195,729 218,463
Contract liabilities 92,413 94,505
Total current liabilities 359,973 385,942
Long-term debt, net of unamortized debt issuance cost 2,787,003 2,555,250
Operating lease liabilities 42,122 39,391
Finance lease liabilities 3,775 4,405
Deferred tax liabilities 125,460 122,851
Other liabilities 1,303 2,782
Total liabilities 3,319,636 3,110,621
Commitments and Contingencies (Note 12)
Stockholders’ equity:    
Preferred stock, ($50.0 million authorized, $0.01 par value) $0.2 million and 0.3 million shares issued and outstanding as of March 31, 2026, and December 31, 2025, respectively 2 4
Common stock, ($750.0 million shares of common stock authorized, $0.01 par value) $90.8 million and $90.2 million issued and 86.3 million and 85.8 million outstanding as of March 31, 2026, and December 31, 2025, respectively 908 903
Additional paid-in capital 1,326,985 1,334,333
Treasury stock, at cost; 4.5 million and 4.5 million shares held as of March 31, 2026, and December 31, 2025, respectively (143,968) (143,968)
Noncontrolling interest 3,597 4,910
Accumulated other comprehensive loss (99) (1,586)
(Accumulated deficit) Retained earnings (12,419) 12,800
Total stockholders’ equity 1,175,006 1,207,396
Total liabilities and stockholders’ equity $ 4,494,642 $ 4,318,017