v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN MEMBERS' EQUITY AND STOCKHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Millions
Total
Member Units
Class A Member Units
Member Units
Class B Member Units
Common Stock
Additional Paid-in Capital
Subscription Note Receivable
Accumulated Deficit
Noncontrolling Parent Interest
Units, Beginning Balances at Dec. 31, 2024   191,000 2,200          
Members Equity, Beginning Balance at Dec. 31, 2024 $ 177.0 $ 184.5 $ 1.2     $ (0.2) $ (10.2) $ 1.7
Members' distributions (3.5) $ (3.5)            
Collection of subscription note receivable 0.1         0.1    
Unit-based compensation expense, Amount 0.2   $ 0.2          
Unit-based compensation expense, Units     700          
Repurchase of units, Amount (0.2)   $ (0.2)          
Repurchase of units, Units     (200)          
Net income 7.6           7.6  
Units, Ending Balances at Jun. 30, 2025   191,000 2,700          
Members' Equity, Ending Balances at Jun. 30, 2025 181.2 $ 181.0 $ 1.2     (0.1) (2.6) 1.7
Units, Beginning Balances at Mar. 31, 2025   191,000 2,700          
Members Equity, Beginning Balance at Mar. 31, 2025 178.5 $ 183.1 $ 1.1     (0.1) (7.3) 1.7
Members' distributions (2.1) $ (2.1)            
Unit-based compensation expense, Amount 0.1   $ 0.1          
Net income 4.7           4.7  
Units, Ending Balances at Jun. 30, 2025   191,000 2,700          
Members' Equity, Ending Balances at Jun. 30, 2025 181.2 $ 181.0 $ 1.2     (0.1) (2.6) 1.7
Units, Beginning Balances at Dec. 31, 2025   190,900 3,400          
Members Equity, Beginning Balance at Dec. 31, 2025 185.2 $ 181.0 $ 1.5     (0.1) 1.0 1.8
Collection of subscription note receivable 0.1         $ 0.1    
Unit-based compensation expense, Amount 0.1   $ 0.1          
Unit-based compensation expense, Units     400          
Net income 1.7           1.7  
Units, Ending Balances at Feb. 26, 2026   190,900 3,800          
Members' Equity, Ending Balances at Feb. 26, 2026 187.1 $ 181.0 $ 1.6       2.7 1.8
Beginning balance at Feb. 27, 2026 131.5       $ 3,484.3   (3,352.8)  
Beginning balance, Shares at Feb. 27, 2026       26,941,200        
Net income 9.0              
Ending balance at Mar. 31, 2026 741.6       3,635.4   (3,337.5) 443.7
Ending balance, Shares at Mar. 31, 2026       45,730,500        
Beginning balance at Feb. 27, 2026 131.5       3,484.3   (3,352.8)  
Beginning balance, Shares at Feb. 27, 2026       26,941,200        
Issuance of common stock upon settlement of restricted stock units, Shares       103,500        
Stock-based compensation 0.6       0.6      
Net income 9.0           9.0  
Issuance of common stock - US Salt Acquisition, Shares       15,480,400        
Issuance of common stock - US Salt Acquisition, Value 123.9       123.9      
Issuance of Noncontrolling interest - US Salt Acquisition 201.4             201.4
Issuance of common stock - Rights Offering, Shares       3,218,600        
Issuance of common stock - Rights Offering, Value 25.5       25.5      
Issuance of subsidiary membership units - Rights Offering backstop 89.3             89.3
Conversion of redeemable noncontrolling interest to noncontrolling interest 153.0             153.0
Deferred taxes arising from changes in ownership 1.3       1.3      
Ending balance at Jun. 30, 2026 $ 735.5       3,635.6   (3,343.8) 443.7
Ending balance, Shares at Jun. 30, 2026 45,744,000     45,743,700        
Beginning balance at Mar. 31, 2026 $ 741.6       3,635.4   (3,337.5) 443.7
Beginning balance, Shares at Mar. 31, 2026       45,730,500        
Issuance of common stock upon settlement of restricted stock units, Shares       13,200        
Stock-based compensation 0.1       0.1      
Net income (6.3)           (6.3)  
Deferred taxes arising from changes in ownership 0.1       0.1      
Ending balance at Jun. 30, 2026 $ 735.5       $ 3,635.6   $ (3,343.8) $ 443.7
Ending balance, Shares at Jun. 30, 2026 45,744,000     45,743,700