DEBT AND OFF-BALANCE SHEET ARRANGEMENTS (Tables)

6 Months Ended

Jun. 30, 2026

Long-term debt, net of issuance costs, consisted of the following:


(Dollars in thousands)	As of June 30,		As of December 31,
	2026		2025
Current portion of long-term debt
Project Granite Facility	$	11,042	$	—
Current portion of long-term debt	11,042		—
Long-term debt
Project Granite Facility	201,302		$	—
Mercuria Credit Facility	30,000		30,000
XRC Facility	—		145,600
Total principal due for long-term debt	231,302		175,600
Less: Unamortized debt issuance cost	(13,926)		(2,763)
Total long-term debt, net of issuance costs and current portion	$	217,376	$	172,837

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details