v3.26.1
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 20,967 $ 9,274
Restricted cash 10,793 10,405
Accounts receivable 87,202 69,752
Other current assets 5,509 7,490
Total current assets 124,471 96,921
Property, plant and equipment, net 1,839,292 1,844,146
Intangible assets, net 149,513 153,564
Investment in Double E 267,641 265,583
Other noncurrent assets 26,463 27,395
TOTAL ASSETS 2,407,380 2,387,609
LIABILITIES AND EQUITY    
Trade accounts payable 21,414 31,652
Accrued expenses 43,090 24,270
Deferred revenue 7,996 10,122
Ad valorem taxes payable 7,226 10,190
Accrued compensation and employee benefits 7,342 12,063
Accrued interest 27,666 30,045
Accrued environmental remediation 1,398 1,710
Accrued settlement payable 8,333 8,333
Current portion of long-term debt 1,748 21,223
Other current liabilities 5,672 27,185
Total current liabilities 131,885 176,793
Deferred tax liabilities, net 92,536 73,635
Long-term debt, net 1,237,900 1,024,347
Noncurrent deferred revenue 17,817 18,398
Noncurrent accrued environmental remediation 52 52
Other noncurrent liabilities 8,324 6,532
TOTAL LIABILITIES 1,488,514 1,299,757
Commitments and contingencies (See Note 9)
Mezzanine Equity    
Subsidiary Series A Preferred Units (nil and 93,039 units issued and outstanding as of June 30, 2026 and December 31, 2025, respectively) 0 141,296
Equity    
Additional paid-in capital 740,596 638,427
Accumulated deficit (206,590) (202,902)
Total Company stockholders’ equity 598,375 546,180
Noncontrolling interest 320,491 400,376
Total Equity 918,866 946,556
TOTAL LIABILITIES AND EQUITY 2,407,380 2,387,609
Series A Preferred Stock    
Equity    
Series A Preferred Stock (65,508 shares authorized, issued and outstanding as of June 30, 2026 and December 31, 2025) $ 64,168 $ 110,468
Common Stock    
Equity    
Common stock, par value (in dollars per shares) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 42,000,000 42,000,000
Common stock, value issued $ 136 $ 122
Class B Common Stock    
Equity    
Common stock, par value (in dollars per shares) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 7,471,008 7,471,008
Common stock, value issued $ 65 $ 65