Leases (Tables)

3 Months Ended

Mar. 31, 2026

Operating lease costs for the three months ended March 31, 2026 were as follows:


Lease	Financial Statement Classification	Three Months Ended March 31, 2026
TTU	Property, plant, and equipment	$	4,209
Gabel	General and administrative expenses	243
Sides	General and administrative expenses	609
Total operating lease cost		$	5,061

Information relating to the lease term and discount rate for operating leases as of March 31, 2026 were as follows:


	March 31, 2026		December 31, 2025
Weighted average remaining lease term	65 years		99 years
Weighted average discount rate	15.1	%	16.1	%

The future minimum lease payments included in the measurement of the Company’s operating lease liabilities as of March 31, 2026, were as follows:


	March 31, 2026		December 31, 2025
2026	$	2,322	$	432
2027	4,406		1,836
2028	4,889		2,268
2029	6,358		3,684
2030	6,759		4,031
Thereafter	1,739,071		1,649,323
Total undiscounted lease payments	1,763,805		1,661,574
Less: imputed interest	(1,720,091)		(1,640,254)
Present value of lease liabilities	$	43,714	$	21,320

Supplemental information related to operating leases for the three months ended March 31, 2026 was as follows:


	Three Months Ended March 31, 2026
Cash paid for amounts included in the measurement of operating lease liabilities	$	630

Operating lease ROU assets obtained in exchange for new lease liabilities (non-cash):
Gabel Lease	$	6,128
Sides Lease	15,320
Total	$	21,448