v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 83,994 $ 49,071
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 176,217 141,234
Provision for expected credit losses 398 0
Amortization of debt issuance costs 3,672 4,472
Amortization of capitalized SaaS implementation costs 714 0
Unit-based compensation expense 4,013 1,648
Deferred income tax expense 4,650 46
(Gain) loss on disposition of assets (1,539) 1,364
Loss on extinguishment of debt 1 0
Impairment of assets 4 6,887
Changes in assets and liabilities, net of effect of acquisition:    
Accounts receivable and related-party receivables, net (14,800) (9,415)
Inventories (52,314) (24,128)
Prepaid expenses and other current assets (560) 1,023
Other assets 1,221 (2,219)
Accounts payable and related-party payables 20,585 9,051
Accrued liabilities and deferred revenue 4,008 271
Other liabilities 1,523 (410)
Net cash provided by operating activities 231,787 178,895
Cash flows from investing activities:    
Cash paid for the J-W Power Acquisition, net of cash acquired (444,384) 0
Capital expenditures, net (61,608) (41,537)
Proceeds from disposition of property and equipment 1,546 1,074
Proceeds from insurance recovery 1,577 68
Net cash used in investing activities (502,869) (40,395)
Cash flows from financing activities:    
Proceeds from revolving credit facility 596,042 494,118
Repayments of revolving credit facility (179,972) (495,614)
Cash paid related to net settlement of unit-based awards 0 (3,213)
Deferred financing costs (396) (226)
Other (360) (183)
Net cash provided by (used in) financing activities 271,996 (138,512)
Increase (decrease) in cash and cash equivalents 914 (12)
Cash and cash equivalents, beginning of period 8,564 14
Cash and cash equivalents, end of period 9,478 2
Supplemental cash flow information:    
Cash paid for interest, net of capitalized amounts 96,434 90,238
Cash paid for income taxes 5,895 1,500
Supplemental non-cash transactions:    
Non-cash distributions to certain common unitholders (DRIP) 97 120
Transfers from inventories to property and equipment, net 44,236 21,339
Changes in capital expenditures included in accounts payable and accrued liabilities (6,474) (1,078)
Lease assets obtained in exchange for lease obligations 0 2,608
Changes in financing costs included in accounts payable and accrued liabilities (221) 225
Common units issued in connection with the J-W Power Acquisition 456,564 0
Exercise and conversion of Preferred Units into common units 0 92,971
Common units    
Cash flows from financing activities:    
Cash distributions (143,318) (124,619)
Preferred Units    
Cash flows from financing activities:    
Cash distributions $ 0 $ (8,775)