v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 2 Months Ended 4 Months Ended 6 Months Ended
Feb. 26, 2026
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:      
Net income $ 1.7 $ 9.0 $ 7.6
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Depreciation, depletion, and amortization 2.7 13.3 7.3
Deferred income tax 0.0 (41.9) 0.0
Unit/Stock-based compensation 0.1 0.6 0.2
Long-term incentive plan expense 0.0 0.8 0.0
Other 0.2 0.7 0.9
Changes in operating assets and liabilities:      
Accounts receivable, net (1.3) (0.1) 0.2
Inventory (0.7) (0.7) (1.0)
Prepaid expenses and other current assets 0.1 (0.1) 0.7
Other inventories 0.0 (0.2) (0.3)
Accounts payable (1.0) (3.6) (1.8)
Operating lease liabilities (0.1) (0.3) (0.4)
Accrued liabilities 0.1 2.7 (1.3)
Net cash (used in) provided by operating activities 1.8 (19.8) 12.1
Cash flows from investing activities:      
Purchases of property, plant and equipment (1.3) (2.3) (4.2)
Acquisition of businesses, net of cash acquired 0.0 (585.2) 0.0
Net cash (used in) investing activities (1.3) (587.5) (4.2)
Cash flows from financing activities:      
Proceeds from issuance of common stock from the backstopped rights offering, net of cost 0.0 25.5 0.0
Proceeds from issuance of subsidiary membership units from the backstopped rights offering 0.0 89.3 0.0
Proceeds from issuance of subsidiary membership units, prior to conversion (Note 15) 0.0 75.0 0.0
Proceeds from issuance of long-term debt 0.0 215.0 0.0
Payment of debt issuance costs 0.0 (3.6) 0.0
Repayment of principal on term loan 0.0 0.0 (4.2)
Repayment of principal of finance leases obligations 0.0 0.0 (0.1)
Member's distributions 0.0 0.0 (3.5)
Proceeds from collection of unit subscription receivable 0.0 0.0 0.1
Repurchase of units 0.0 0.0 (0.2)
Other   (0.2)  
Net cash provided by (used in) financing activities 0.0 401.0 (7.9)
Net (decrease) increase in cash and cash equivalents 0.5 (206.3) (0.0)
Cash and cash equivalents at beginning of period 10.8 217.3 7.4
Cash and cash equivalents at end of period 11.3 11.0 7.4
Supplemental cash flow disclosures:      
Cash paid for income taxes, net of refunds 0.0 0.0 0.0
Cash paid for interest 0.0 5.9 10.7
Supplemental noncash investing and financing activities:      
Property, plant and equipment in accounts payable 0.5 0.9 0.6
Equity exchanged for ownership in US Salt (Note 3) 0.0 325.2 0.0
Conversion of redeemable noncontrolling interest to noncontrolling interest (Note 15) $ 0.0 $ 153.0 $ 0.0