v3.26.1
Business Combinations (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed
The following table summarizes the consideration transferred and the amounts of identified assets acquired and liabilities assumed as the acquisition date:
In thousands
Fair value of consideration transferred:
Cash$271,087 
Recognized amounts of identifiable assets acquired and liabilities assumed:
Current assets$16,770 
Property, plant and equipment262,697 
Non-current assets3,872 
Current liabilities(24,962)
Non-current liabilities(158,397)
Total identifiable net assets$99,980 
Goodwill$171,107 
The following table summarizes the consideration transferred and the amounts of identified assets acquired and liabilities assumed as of the acquisition date:
In thousands
Fair value of consideration transferred:
Cash$60,436 
Recognized amounts of identifiable assets acquired and liabilities assumed:
Current assets$2,036 
Property, plant and equipment42,942 
Non-current assets1,572 
Current liabilities(1,462)
Non-current liabilities(100)
Total identifiable net assets$44,988 
Goodwill$15,448 
Schedule of Business Combination, Pro Forma Information
The table below presents the unaudited pro forma revenues and earnings of NW Holdings as if the SiEnergy and Pines acquisitions had occurred as of January 1, 2025:
Three Months Ended June 30,Six Months Ended June 30,
In thousands2026202520262025
Operating revenues$243,552 $241,074 $733,955 $737,355 
Net income (loss)$600 $(1,898)$98,089 $89,067