Supplemental Cash Flow Information (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Supplemental Cash Flow Elements [Abstract] |
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| Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash and Cash Equivalents |
The following table provides a reconciliation of cash and cash equivalents and restricted cash and cash equivalents shown as a sum of these amounts in the interim unaudited condensed consolidated statements of cash flows: | | | | | | | | | | | | | | | | | | | As at June 30, | | As at December 31, | | (Thousands of U.S. Dollars) | 2026 | 2025 | | 2025 | 2024 | | Cash and cash equivalents | $ | 126,728 | | $ | 61,028 | | | $ | 82,931 | | $ | 103,379 | | | Restricted cash and cash equivalents - current | — | | — | | | — | | 1,142 | | Restricted cash and cash equivalents - long-term (1) | 11,113 | | 8,533 | | | 9,735 | | 6,816 | | | $ | 137,841 | | $ | 69,561 | | | $ | 92,666 | | $ | 111,337 | |
(1) Included in other long-term assets on the Company’s condensed consolidated balance sheet.
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| Schedule of Net Changes in Assets and Liabilities |
Net changes in assets and liabilities from operating activities were as follows: | | | | | | | | | | | | | Six Months Ended June 30, | | (Thousands of U.S. Dollars) | 2026 | | 2025 | | Accounts receivable and other long-term assets | $ | (394) | | | $ | (2,038) | | | Derivatives | 6,292 | | | — | | Prepaids and inventory | (3,541) | | | (11,693) | | | Oil prepayment | 137,727 | | | — | | Accounts payable and accrued liabilities, and other long-term liabilities | (6,786) | | | 27,387 | | | Taxes receivable and payable | 8,936 | | | (11,954) | | | Net changes in assets and liabilities from operating activities | $ | 142,234 | | | $ | 1,702 | |
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| Schedule of Working Capital from Investing Activities |
Net changes in working capital from investing activities were as follows: | | | | | | | | | | | | | Six Months Ended June 30, | | (Thousands of U.S. Dollars) | 2026 | | 2025 | | Additions to property, plant and equipment | $ | (99,668) | | | $ | (145,897) | | | Decrease in accounts payable and accrued liabilities | (2,841) | | | (8,911) | | | (Increase) decrease in accounts receivable | (8) | | | 837 | | Net cash additions to property, plant and equipment | $ | (102,517) | | | $ | (153,971) | |
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| Schedule of Additional Supplemental Cash Flow Disclosures |
The following table provides additional supplemental cash flow disclosures: | | | | | | | | | | | | | Six Months Ended June 30, | | (Thousands of U.S. Dollars) | 2026 | | 2025 | | Cash paid for income taxes | $ | 7,995 | | | $ | 3,816 | | | Cash paid for withholding taxes | $ | 13,577 | | | $ | 15,654 | | | Cash paid for interest | $ | 33,535 | | | $ | 36,763 | | | | | | | Non-cash investing activities: | | | | | Net liabilities related to property, plant and equipment, end of period | $ | 38,842 | | | $ | 53,209 | |
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