v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (318,590) $ (96,198)
Adjustments to reconcile net income to cash and restricted cash provided by operating activities:    
Depreciation, depletion and amortization 43,337 40,521
Impairment of assets 159,755 0
Amortization of right of use asset - operating leases 7,069 6,048
Amortization of deferred financing costs 108 865
Non-cash interest expense 16,369 8,797
Amortization of contract obligations (4,435) (6,307)
Loss on disposal of property, plant and equipment 1,192 329
Loss on disposal of idled asset 0 2,239
Equity-based compensation expense (4,673) (1,188)
Deferred income taxes (11,823) (36,817)
Reclamation of asset retirement obligations (760) (1,158)
(Decrease) increase in provision for discounting and credit losses (127) 630
Other non-cash adjustments 4,573 798
Changes in operating assets and liabilities:    
Accounts receivable 32,653 44,696
Inventories 33,530 21,874
Other assets 8,405 2,688
Accounts payable 36,737 13,628
Accrued expenses and other current liabilities (50,666) (34,881)
Operating lease liabilities (6,859) (5,564)
Income tax payable (1,044) (553)
Change in other liabilities 14,305 2,288
Net cash used in operating activities (40,944) (37,265)
Cash flows from investing activities:    
Capital expenditures (34,072) (72,058)
Proceeds from disposal of idle asset 1,267 1,464
Purchase of restricted and other deposits (2,225) (325)
Net cash used in investing activities (35,030) (70,919)
Cash flows from financing activities:    
Proceeds from interest bearing liabilities and other financial liabilities 26,192 0
Principal payments on interest bearing liabilities and other financial liabilities (847) (1,384)
Principal payments on finance lease obligations (1,791) (160)
Net cash from (used in) financing activities 23,554 (1,544)
Net decrease in cash and cash equivalents (52,420) (109,728)
Effect of exchange rate changes on cash and cash equivalents 425 (195)
Cash and cash equivalents at beginning of period 173,032 339,625
Cash and cash equivalents at end of period 121,037 229,702
Supplemental disclosure of cash flow information:    
Cash payments for interest 27,889 20,491
Cash (refund) paid for taxes (3,834) 75
Restricted cash $ 251 $ 252