v3.26.1
Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination [Line Items]  
Schedule of Unaudited Pro Forma Results

Accordingly, the following unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operations of the combined company would have been if the Ranger acquisition had occurred at the beginning of fiscal year 2025, nor are they indicative of the Company’s future results of operations:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Revenue

 

$

223,559

 

 

$

99,060

 

 

$

429,077

 

 

$

201,789

 

Net income

 

$

15,047

 

 

$

4,787

 

 

$

23,208

 

 

$

5,781

 
Ranger Water Midstream LLC  
Business Combination [Line Items]  
Summary of Preliminary Fair Values Assigned to Assets Acquired and Liabilities Assumed as of Combination Date

The following table summarizes the preliminary fair values assigned to assets acquired and liabilities assumed as of the acquisition date:

 

Fair Value of Consideration Transferred:

 

 

 

Total consideration

 

$

82,852

 

 

 

 

Assets Acquired and (Liabilities) Assumed:

 

 

 

Cash and cash equivalents

 

 

92

 

Accounts receivable

 

 

4,662

 

Prepaid and other assets

 

 

287

 

Property and equipment

 

 

45,442

 

Intangible assets(1)

 

 

34,537

 

Accounts payable

 

 

(679

)

Accrued expenses and other liabilities

 

 

(1,489

)

Net tangible assets acquired and (liabilities) assumed

 

$

82,852

 
(1)
Acquired intangible assets solely consists of customer contracts that will be amortized straight-line over 15 years.