v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 102,137 $ 91,518
Restricted cash 23,505 0
Receivables 113,022 103,472
Inventories 139,947 172,640
Prepaid expenses and other 13,673 12,428
Derivatives 459 47,816
Total current assets 392,743 427,874
Property and equipment, net 3,351,526 3,733,784
Other assets:    
Restricted cash 30,589 26,226
Long-term receivables 472,897 458,793
Deferred tax assets 2,757 3,946
Derivatives 2,335 2,681
Other 57,300 43,322
Total assets 4,310,147 4,696,626
Current liabilities:    
Accounts payable 161,981 202,555
Accrued liabilities 343,879 237,609
Current maturities of long-term debt 145,303 132,143
Derivatives 11,633 0
Total current liabilities 662,796 572,307
Long-term liabilities:    
Long-term debt, net 2,526,872 2,920,616
Derivatives 5,129 0
Asset retirement obligations 203,444 327,016
Deferred tax liabilities 177,375 305,924
Other long-term liabilities 29,634 42,173
Total long-term liabilities 2,942,454 3,595,729
Stockholders’ equity:    
Preference shares, $0.01 par value; 200,000,000 authorized shares; zero issued at June 30, 2026 and December 31, 2025 0 0
Common stock, $0.01 par value; 2,000,000,000 authorized shares; 638,126,969 and 522,590,223 issued at June 30, 2026 and December 31, 2025, respectively 6,381 5,226
Additional paid-in capital 2,758,578 2,542,627
Accumulated deficit (1,823,055) (1,782,256)
Treasury stock, at cost, 44,263,269 shares at June 30, 2026 and December 31, 2025, respectively (237,007) (237,007)
Total stockholders’ equity 704,897 528,590
Total liabilities and stockholders’ equity $ 4,310,147 $ 4,696,626