v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 118,973 $ 27,554
Accounts receivable—trade, net of allowances for credit losses of $886 and $886, respectively 429,069 351,717
Unbilled revenue 327,696 253,653
Inventories 181,071 188,125
Prepaid and other current assets 61,448 56,921
Total current assets 1,118,257 877,970
Property and equipment, net 2,775,804 2,054,185
Finance lease right-of-use assets 317,999 342,469
Operating lease right-of-use assets 61,021 64,983
Investments 127,300 123,888
Other assets 89,480 94,810
Total assets 4,489,861 3,558,305
Current liabilities:    
Accounts payable including amounts due to related parties of $1,634 and $0, respectively 446,205 358,623
Accrued liabilities 292,943 232,147
Current portion of payable pursuant to tax receivable agreements 0 7,888
Current portion of long-term debt 11,906 5,097
Current portion of finance lease liabilities 85,787 94,202
Current portion of operating lease liabilities 20,247 22,396
Total current liabilities 857,088 720,353
Long-term debt, net of current portion and deferred financing costs of $33,645 and $73, respectively 1,278,666 241,510
Deferred tax liability 159,611 195,602
Payable pursuant to tax receivable agreements 66,870 66,870
Noncurrent portion of finance lease liabilities 167,276 213,296
Noncurrent portion of operating lease liabilities 39,652 41,785
Total liabilities 2,569,163 1,479,416
Commitments & contingencies (Note 14)
Stockholders’ equity:    
Preferred Stock, $0.01 par value, 10,000 shares authorized and none issued and outstanding 0 0
Common Stock:    
Additional paid in capital 842,975 978,384
Retained earnings 1,094,997 1,112,747
Accumulated other comprehensive loss (18,906) (13,862)
Total stockholders’ equity 1,920,698 2,078,889
Total liabilities and equity 4,489,861 3,558,305
Class A, $0.01 par value, 400,000,000 shares authorized and 163,191,416 issued and outstanding as of September 30, 2026 and 161,979,222 issued and outstanding as of December 31, 2025    
Common Stock:    
Common stock 1,632 1,620
Class B, $0.01 par value, 400,000,000 shares authorized and none issued and outstanding    
Common Stock:    
Common stock $ 0 $ 0