v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 728,874 $ 91,334
Accounts receivable - net of allowance for credit losses of $0 and $0, respectively 289,985 200,753
Inventories 25,903 13,323
Prepaid expenses 10,702 19,896
Other current assets 10,017 1,398
Total current assets 1,065,481 326,704
PROPERTY AND EQUIPMENT - net of accumulated depreciation 1,009,068 793,475
OPERATING LEASE RIGHT-OF-USE ASSETS 57,293 99,787
FINANCE LEASE RIGHT-OF-USE ASSETS 1,893 10,637
OTHER NONCURRENT ASSETS:    
Intangible assets - net of amortization 48,430 55,476
Other noncurrent assets 6,245 4,811
Total other noncurrent assets 54,675 60,287
TOTAL ASSETS 2,188,410 1,290,890
CURRENT LIABILITIES:    
Accounts payable 170,023 115,009
Accrued and other current liabilities 72,510 65,981
Interim debt - net of debt issuance costs 0 2,113
Current maturities of long-term debt - net of debt issuance costs 31,165 13,844
Operating lease liabilities 29,487 43,572
Finance lease liabilities 1,803 12,442
Total current liabilities 304,988 252,961
DEFERRED INCOME TAXES 54,279 63,433
LONG-TERM DEBT - net of debt issuance costs and current maturities 808,701 105,613
NONCURRENT OPERATING LEASE LIABILITIES 20,010 35,641
NONCURRENT FINANCE LEASE LIABILITIES 122 0
OTHER LONG-TERM LIABILITIES 23,990 3,400
Total liabilities 1,212,090 461,048
COMMITMENTS AND CONTINGENCIES (Note 13)
SHAREHOLDERS’ EQUITY:    
Preferred stock, $0.001 par value, 30,000,000 shares authorized, none issued, respectively 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized, 122,859,311 and 104,310,266 shares issued, respectively 123 104
Additional paid-in capital 1,042,936 897,739
Accumulated deficit (66,739) (68,001)
Total shareholders’ equity 976,320 829,842
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 2,188,410 $ 1,290,890