Acquisitions (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 acquisition-date fair value of the consideration transferred and the preliminary allocation of the purchase price as of the acquisition date is as follows (in thousands):


Fair value of consideration transferred	$	726,354

Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents	$	11,355
Accounts receivable	17,981
Intangible assets (1)	45,000
Property, plant, and equipment	341,818
Other current assets	3,738
Non-current assets	360
Total assets acquired	420,252

Deferred revenue	15,786
Other current liabilities	17,694
Other non-current liabilities	5,200
Total liabilities assumed	38,680

Total identifiable assets acquired less liabilities assumed	$	381,572

Goodwill acquired	$	344,782


(1)			Identifiable intangibles acquired include customer relationships with a fair value of $45.0 million. Estimated useful lives are 10 years.

Schedule of Pro Forma Revenue Information

The pro forma results include certain adjustments, primarily due to increases in interest expense due to additional borrowings incurred to finance the acquisition and amortization of debt issuance costs and depreciation and amortization expense. Non-recurring acquisition related costs including transaction costs, such as legal, accounting, valuation and other professional services as well as integration costs such as severance are included within the pro forma revenue and net income below.


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Revenue	$	391,120	$	346,211	$	766,501	$	692,570
Earnings	$	52,144	$	42,791	$	73,121	$	71,036