v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 97,686 $ 173,032
Trade receivables, net 165,071 250,921
Inventories 207,744 195,165
Other current assets 95,717 87,678
Assets held for sale 51,875 0
Total current assets 618,093 706,796
Non-current assets:    
Property, plant and equipment, net 1,433,382 1,654,455
Right of use asset - operating leases, net 94,872 86,481
Restricted deposits 151,705 141,696
Goodwill 28,008 28,008
Intangible assets, net 2,221 2,708
Other non-current assets 5,391 5,411
Total assets 2,333,672 2,625,555
Current liabilities:    
Accounts payable 101,890 89,178
Accrued expenses and other current liabilities 250,666 276,032
Asset retirement obligations 9,942 10,978
Contract obligations 14,535 22,445
Lease liabilities 42,877 34,300
Interest bearing liabilities 1,829 1,671
Income tax payable 21,750 21,024
Stanwell liabilities 28,909 0
Other current financial liabilities 2,436 1,424
Liabilities associated with assets held for sale 50,705 0
Total current liabilities 525,539 457,052
Non-current liabilities:    
Asset retirement obligations 124,764 143,388
Lease liabilities 82,210 83,866
Interest bearing liabilities 692,797 684,989
Contract obligations 0 21,173
Stanwell liabilities 592,490 501,795
Other financial liabilities 18,562 18,888
Deferred income tax liabilities 9,697 23,249
Other non-current liabilities 59,651 41,409
Total liabilities 2,105,710 1,975,809
Common stock $0.01 par value; 1,000,000,000 shares authorized,167,645,373 shares issued and outstanding as of June 30, 2026 and December 31, 2025 1,677 1,677
Series A Preferred stock $0.01 par value; 100,000,000 shares authorized, 1 Share issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Additional paid-in capital 1,090,892 1,094,743
Accumulated other comprehensive losses (120,358) (120,444)
Accumulated losses (744,249) (326,230)
Total stockholders' equity 227,962 649,746
Total liabilities and stockholders' equity $ 2,333,672 $ 2,625,555