| Schedule of Outstanding Debt Obligations |
A summary of outstanding debt obligations as of March 31, 2026 and December 31, 2025 is as follows: | | | | | | | | Successor | | | | | | | Interest | | | March 31,
2026 | | | Description | | Term Range | | Rate Range | | | (in thousands) | | | ABS II Securitization | | July 2023 - Mar 2038 | | 7.8% - 8.4% | | | $ | 256,787 | | | Trail Dust Financing | | Jan 2024 - Jan 2029 | | 7.3% | | | | 2,114 | | | Citizens RBL | | Mar 2026 - Mar 2030 | | 7.3% - 9.3% | | | | 37,000 | | | Equipment financing obligations | | | | | | | | 1,544 | | | ABS II Debt premium, net | | | | | | | | 10,292 | | | Citizens RBL Debt issuance costs, net | | | | | | | | (2,558 | ) | | Total debt | | | | | | | $ | 305,179 | | | Current portion | | | | | | | | (45,791 | ) | | Total long-term portion | | | | | | | $ | 259,388 | | | | | | | | | | Predecessor | | | | | | | Interest | | | December 31,
2025 | | | Description | | Term Range | | Rate Range | | | (in thousands) | | | ABS II Securitization | | Jul 2023 - Mar 2038 | | 7.8% - 8.4% | | | $ | 266,892 | | | Trail Dust Financing | | Jan 2024 - Jan 2029 | | 7.3% | | | | 2,266 | | | WAB RBL | | Jul 2025 - Dec 2026 | | 7.3% | | | | 3,500 | | | Equipment financing obligations | | | | | | | | 1,831 | | | ABS II Debt issuance costs, net | | | | | | | | (3,918 | ) | | Trail Dust Debt issuance costs, net | | | | | | | | (16 | ) | | WAB RBL Debt issuance costs, net | | | | | | | | (49 | ) | | Total debt | | | | | | | $ | 270,506 | | | Current portion | | | | | | | | (45,363 | ) | | Total long-term portion | | | | | | | $ | 225,143 | |
|
| Schedule of Principal Payments of Long-Term Debt |
The future amounts of required principal payments of long-term debt after March 31, 2026 are as follows: | (in thousands) | | | | | | | | | | | Years Ending December 31, | | ABS II | | | Trail Dust | | | Citizens RBL | | | 2026 (remainder) | | $ | 29,924 | | | $ | 492 | | | $ | — | | | 2027 | | | 49,878 | | | | 700 | | | | — | | | 2028 | | | 52,890 | | | | 754 | | | | — | | | 2029 | | | 53,254 | | | | 168 | | | | — | | | 2030 | | | 51,409 | | | | — | | | | 37,000 | | | Thereafter | | | 19,432 | | | | — | | | | — | | | Total | | $ | 256,787 | | | $ | 2,114 | | | $ | 37,000 | |
|