v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 11.0 $ 10.8
Accounts receivable, net 13.6 12.1
Inventories 13.4 10.9
Prepaid expenses and other current assets 1.7 1.0
Total current assets 39.7 34.8
Property, plant and equipment, net 395.6 321.4
Goodwill 148.0 28.1
Intangibles, net 378.3 16.8
Operating lease right-of-use assets 0.8 1.1
Finance lease right-of-use assets 0.4 0.4
Other inventories 5.4 5.2
Total assets 968.2 407.8
Current liabilities:    
Accounts payable 8.9 8.4
Accrued liabilities 9.5 6.4
Current maturities of long- term debt 2.1 2.3
Current portion of operating lease liability 0.6 0.7
Current portion of finance lease liability 0.1 0.1
Total current liabilities 21.2 17.9
Long-term debt, net of current maturities 209.4 203.1
Long- term portion of operating lease liability 0.2 0.5
Long- term portion of finance lease liability 0.3 0.3
Asset retirement obligations 0.8 0.8
Other noncurrent liabilities 0.8 0.0
Total liabilities 232.7 222.6
Commitments and contingencies (Note 14)
Members' equity (Predecessor)    
Subscription note receivable   (0.1)
Retained earnings   1.0
Noncontrolling parent interest   1.8
Total Members Equity   185.2
Stockholders' equity (Successor)    
Preferred stock, $0.0001 par value: 100,000 shares authorized as of June 30, 2026; No shares issued and outstanding as of June 30, 2026  
Common stock, $0.0001 par value: 3,000,000 shares authorized as of June 30, 2026; 45,744 shares issued and outstanding as of June 30, 2026 0.0  
Additional paid-in capital 3,635.6  
Accumulated deficit (3,343.8)  
Total stockholders' equity 291.8  
Noncontrolling interest (Note 15) 443.7  
Total members' equity and stockholders' equity 735.5 185.2
Total liabilities, members' equity, and stockholders' equity $ 968.2 407.8
Class A    
Members' equity (Predecessor)    
Members capital   181.0
Class B    
Members' equity (Predecessor)    
Members capital   $ 1.5