DEBT AND OFF-BALANCE SHEET ARRANGEMENTS (Tables)

3 Months Ended

Mar. 31, 2026

Long-term debt, net of issuance costs, consisted of the following:


(Dollars in thousands)	As of March 31,		As of December 31,
	2026		2025
Long-term debt
XRC Facility	$	145,600	$	145,600
Mercuria Credit Facility	30,000		30,000
Project Granite Facility	14,152		—
Total principal due for long-term debt	189,752		175,600
Less: Unamortized debt issuance cost	(3,116)		(2,763)
Total long-term debt, net of issuance costs	$	186,636	$	172,837

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details