v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues and sales:    
Revenues $ 987.5 $ 293.9
Costs and expenses:    
Selling, general and administrative 168.7 28.3
Depreciation and amortization 289.8 79.7
Transaction related and other costs 30.1 7.8
Total costs and expenses 876.6 148.2
Operating income 110.9 145.7
Other income, net 6.5 0.0
Gain (loss) on extinguishment of debt 1.2 (8.5)
Interest expense, net (188.3) (129.5)
(Loss) income before income taxes (69.7) 7.7
Income tax (expense) benefit (0.6) 4.5
Net (loss) income (70.3) 12.2
Participating securities’ share in earnings 0.0 (0.3)
Dividends declared on preferred stock (15.5) 0.0
Net (loss) income attributable to common shareholders $ (85.8) $ 11.9
(Loss) income earnings per common share:    
Basic (in dollars per share) $ (0.34) $ 0.08
Diluted (in dollars per share) $ (0.34) $ 0.08
Weighted-average number of common shares outstanding:    
Basic (in shares) 252.1 143.5
Diluted (in shares) 252.1 143.5
Service revenues    
Revenues and sales:    
Revenues $ 889.0 $ 290.8
Costs and expenses:    
Cost of services and sales (exclusive of depreciation and amortization included below) 358.2 31.4
Sales revenues    
Revenues and sales:    
Revenues 98.5 3.1
Costs and expenses:    
Cost of services and sales (exclusive of depreciation and amortization included below) $ 29.8 $ 1.0