v3.26.1
Consolidated Statements of Equity and Mezzanine Equity - USD ($)
$ in Thousands
Common Stock
Treasury
Additional Paid-In Capital
Retained Earnings
Noncontrolling Interest
Common Stock
Equity-Based Compensation
Noncontrolling Interest
Total
Beginning balance (in shares) at Dec. 31, 2022 56,373,000                
Beginning balance at Dec. 31, 2022 $ 1,132 $ (3,974) $ 823,288 $ 146,412 $ 48,091       $ 1,014,949
Beginning Balance (in shares) at Dec. 31, 2022   193,000              
Equity                  
Net income (loss)       123,556 8,467       132,023
Redemption of common stock issued upon vesting of equity-based compensation (in shares)   20,000              
Redemption of common stock issued upon vesting of equity-based compensation $ 1 $ (604) 736           133
Adjustment of minority ownership puttable shares to redemption value     2,722           2,722
Adjustment of equity-based compensation to redemption value     (15,602)           (15,602)
Issuance of common stock (in shares) 7,500,000                
Issuance of common stock $ 150   149,855           150,005
Shares repurchased with reverse stock split   (4)             (4)
Distributions to noncontrolling interest         (10,000)       (10,000)
Ending balance (in shares) at Dec. 31, 2023 63,873,000                
Ending balance at Dec. 31, 2023 $ 1,283 $ (4,582) 960,999 269,968 46,558       1,274,226
Ending Balance (in shares) at Dec. 31, 2023   213,000              
Beginning balance, Mezzanine Equity (in shares) at Dec. 31, 2022           2,290,000      
Beginning balance, Mezzanine Equity at Dec. 31, 2022           $ 62,712 $ 89,171   151,883
Mezzanine Equity                  
Redemption of common stock issued upon vesting of equity-based compensation (in shares)           (21,000)      
Redemption of common stock issued upon vesting of equity-based compensation           $ (2) (602)   (604)
Common stock issued upon vesting of RSUs, net of shares withheld for income taxes (in shares)           133,622      
Common stock issued upon vesting of RSUs, net of shares withheld for income taxes             (2,961)   (2,961)
Adjustment of minority ownership puttable shares to redemption value           $ (2,722)     (2,722)
Adjustment of equity-based compensation to redemption value             15,602   15,602
Distributions to noncontrolling interest         (10,000)       (10,000)
Equity-based compensation             25,756   25,756
Ending balance, Mezzanine Equity (in shares) at Dec. 31, 2023           2,403,000      
Ending balance, Mezzanine Equity at Dec. 31, 2023           $ 59,988 126,966   186,954
Equity                  
Net income (loss)       (138,651) 5,271       (133,380)
Redemption of common stock issued upon vesting of equity-based compensation $ 1 $ (2,077) 2,076            
Adjustment of minority ownership puttable shares to redemption value     16,989           16,989
Adjustment of equity-based compensation to redemption value     9,310           (9,310)
Redemption of common stock issued from employee stock purchase plan (in shares)   1,000              
Redemption of common stock issued from employee stock purchase plan   $ (4) 4            
Issuance of common stock (in shares) 15,701,000                
Issuance of common stock $ 157   253,099           253,256
Mezzanine equity conversion (in shares) 5,026,000                
Mezzanine equity conversion $ 71   117,917           117,988
Income tax deconsolidation     10,469           10,469
Equity-based compensation     3,663           $ 3,663
Ending balance (in shares) at Dec. 31, 2024 84,600,000               84,600,301
Ending balance at Dec. 31, 2024 $ 1,512 $ (6,663) 1,374,526 131,317 51,829       $ 1,552,520
Ending Balance (in shares) at Dec. 31, 2024   214,000             214,000
Mezzanine Equity                  
Redemption of common stock issued upon vesting of equity-based compensation (in shares)           (73,000)      
Redemption of common stock issued upon vesting of equity-based compensation             (2,077)   $ (2,077)
Common stock issued upon vesting of RSUs, net of shares withheld for income taxes (in shares)           2,696,000      
Common stock issued upon vesting of RSUs, net of shares withheld for income taxes             (53,239)   (53,239)
Adjustment of minority ownership puttable shares to redemption value           $ (16,989)     (16,989)
Adjustment of equity-based compensation to redemption value             (9,310)   (9,310)
Redemption of common stock issued from employee stock purchase plan           $ (4)     (4)
Mezzanine equity conversion (in shares)           (5,026,000)      
Mezzanine equity conversion           $ (42,995) (74,993)   (117,988)
Equity-based compensation             $ 12,653   12,653
Net income (loss)       179,156 7,448       186,604
Contributions from noncontrolling interest         8,803       8,803
Changes due to consolidation of BKV-BPP Cotton Cove         (98)       (98)
Accretion of Class B Units to redemption value       1,422         1,422
Issuance of common stock (in shares) 12,134,000                
Issuance of common stock $ 121   294,267           294,388
Distributions to noncontrolling interest               $ (1,225) (1,225)
Income tax deconsolidation     1,768           1,768
Equity-based compensation     12,845           12,845
Common stock issued upon vesting of RSUs, net of shares withheld for income taxes (in shares) 138,000                
Common stock issued upon vesting of RSUs, net of shares withheld for income taxes $ 2   (1,621)           $ (1,619)
Ending balance (in shares) at Dec. 31, 2025 96,872,000               96,871,868
Ending balance at Dec. 31, 2025 $ 1,635 $ (6,663) $ 1,681,785 $ 309,051 $ 67,982       $ 2,053,790
Ending Balance (in shares) at Dec. 31, 2025   214,000             214,000
Mezzanine Equity                  
Net income               1,712 $ 1,712
Contributions from noncontrolling interest               17,912 17,912
Distributions to noncontrolling interest               (1,225) (1,225)
Accretion of Class B Units to redemption value               1,422 1,422
Distribution declared to noncontrolling interest               (6,870) (6,870)
Ending balance, Mezzanine Equity at Dec. 31, 2025                 12,951
Ending balance, Mezzanine Equity at Dec. 31, 2025               $ 12,951 $ 12,951