v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 58,147 $ 81,163
Restricted cash 0 28,770
Trade accounts receivable, net 11,970 8,394
Inventories 19,304 19,076
Prepaid expenses and other current assets 12,179 6,001
Total current assets 101,600 143,404
Property, plant and equipment, net 238,119 353,577
Restricted cash 0 7,006
Operating right-of-use assets 2,671 1,964
Finance right-of-use assets 670 430
Intangible assets, net 71,592 95,003
Goodwill 43,558 43,558
Deposits and other assets 32,504 73,987
Total assets 490,714 718,929
Current liabilities    
Accounts payable and accrued liabilities 33,391 36,508
Deferred clean fuel production tax credits 3,344 41,115
Operating lease liabilities 817 689
Finance lease liabilities 92 273
Total current liabilities 37,644 78,585
Bonds payable, net 0 64,247
Loans payable 167,239 100,503
Operating lease liabilities 1,940 1,416
Finance lease liabilities 613 394
Asset retirement obligation 2,326 2,250
Other long-term liabilities 0 365
Total liabilities 209,762 247,760
Redeemable non-controlling interest 7,789 4,832
Equity    
Common stock, $0.01 par value per share; 500,000,000 shares authorized; 247,237,104 and 242,464,470 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively. 2,472 2,425
Additional paid-in capital 1,303,403 1,298,064
Accumulated deficit (1,032,712) (834,152)
Total stockholders' equity 273,163 466,337
Total liabilities and stockholders' equity $ 490,714 $ 718,929