Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenues | ||||
| Operating revenue | $ 272,436 | $ 228,088 | $ 457,650 | $ 612,969 |
| Vessel charter revenue | 16,091 | 46,739 | 27,319 | 92,175 |
| Contract novation income | 1,275 | 1,693 | 2,218 | 3,439 |
| Total other revenue | 22,700 | 27,580 | 52,268 | 67,799 |
| Total revenues | 312,502 | 304,100 | 539,455 | 776,382 |
| Operating expenses | ||||
| Cost of sales (exclusive of depreciation and amortization shown separately below) | 210,380 | 208,162 | 410,065 | 510,539 |
| Vessel operating expenses | 5,973 | 8,068 | 6,627 | 15,244 |
| Operations and maintenance | 41,048 | 57,403 | 89,313 | 112,343 |
| Selling, general and administrative | 85,342 | 56,559 | 132,982 | 108,379 |
| Transaction and integration costs | 72,483 | 75,354 | 125,767 | 87,285 |
| Depreciation and amortization | 45,590 | 52,870 | 86,672 | 109,181 |
| Goodwill impairment expense | 0 | 582,172 | 0 | 582,172 |
| Asset impairment expense | 0 | 122,883 | 61,864 | 123,129 |
| Loss (Gain) on sale | 404 | (470,994) | 258 | (470,994) |
| Total operating expenses | 461,220 | 692,477 | 913,548 | 1,177,278 |
| Operating (loss) income | (148,718) | (388,377) | (374,093) | (400,896) |
| Interest expense | 226,672 | 186,389 | 413,552 | 386,698 |
| Other (income) expense, net | 1,236 | (59,024) | (41,956) | (122,961) |
| Loss on extinguishment of debt | 4,293 | 20,320 | 4,293 | 20,787 |
| (Loss) income before income taxes | (380,919) | (536,062) | (749,982) | (685,420) |
| Tax (benefit) provision | (7,964) | 10,400 | 23,577 | 36,468 |
| Net (loss) income | (372,955) | (546,462) | (773,559) | (721,888) |
| Net (loss) income attributable to common stockholders | $ (371,441) | $ (544,712) | $ (771,386) | $ (722,894) |
| Net (loss) income per share - basic (in dollars per share) | $ (1.30) | $ (1.99) | $ (2.70) | $ (2.64) |
| Net (loss) income per share – diluted (in dollars per share) | $ (1.30) | $ (1.99) | $ (2.70) | $ (2.64) |
| Weighted average number of shares outstanding, basic (in shares) | 285,607,906 | 274,371,636 | 285,654,849 | 273,996,219 |
| Weighted average number of shares outstanding - diluted (in shares) | 285,607,906 | 274,371,636 | 285,654,849 | 273,996,219 |
| Other comprehensive (loss) income: | ||||
| Currency translation adjustment | $ 3,179 | $ 29,920 | $ 37,509 | $ 54,173 |
| Comprehensive (loss) income | (369,776) | (516,542) | (736,050) | (667,715) |
| Comprehensive (income) loss attributable to non-controlling interest | 2,130 | 616 | 2,758 | (2,263) |
| Comprehensive (loss) income attributable to stockholders | $ (367,646) | $ (515,926) | $ (733,292) | $ (669,978) |
| X | ||||||||||
- Definition Contract Novation Revenue No definition available.
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| X | ||||||||||
- Definition Revenue realized in the period on operating leases, direct financing leases and development services. No definition available.
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| X | ||||||||||
- Definition Revenue related to operating and service agreements in connection with charter contracts accounted for as sales-type leases are recognized over the term of the charter as the service is provided within Vessel charter revenue No definition available.
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| X | ||||||||||
- Definition Amount of expense for integration-related cost incurred in connection with business combination. Includes system integration and conversion costs; severance and other employee-related costs; restructuring and other post-combination costs. Excludes acquisition-related cost incurred to effect business combination; cost to issue debt or equity securities; and cost related to acquisition of asset. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Cost of product sold and service rendered, excluding depreciation, depletion, and amortization. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of impairment loss from asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The charge against earnings resulting from the write down of long lived assets other than goodwill due to the difference between the carrying value and lower fair value. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount after tax, before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of operating expense for routine plant maintenance, repairs and operations of regulated operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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