v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 475,072 $ 940,707
Short-term investments 73 31
Accounts receivable, net of allowance of $46,823 and $55,193, respectively [1] 511,663 391,705
Inventory, net 87,248 94,789
Other current assets 131,058 124,341
Total current assets 1,205,114 1,551,573
Property, plant and equipment, net 2,884,274 2,920,019
Deferred income taxes 180,253 189,224
Other long-term assets 173,676 128,841
Total assets [2] 4,443,317 4,789,657
Current liabilities:    
Current portion of debt, net   377,492
Trade accounts payable 370,483 300,467
Accrued liabilities 263,833 279,007
Income taxes payable 35,471 26,295
Current lease liabilities 10,206 9,740
Total current liabilities 679,993 993,001
Long-term debt, net 2,022,758 2,117,187
Other long-term liabilities 240,405 234,700
Deferred income taxes 4,893 7,126
Total liabilities [2] 2,948,049 3,352,014
Commitments and contingencies (Note 9)
Redeemable noncontrolling interest in subsidiary 502,718 482,446
Shareholders' equity:    
Common shares, par value $0.05 per share: Authorized common shares 32,000; issued 16,350 and 15,703, respectively 818 785
Capital in excess of par value 3,797,278 3,752,604
Accumulated other comprehensive income (loss) (10,980) (10,397)
Retained earnings (accumulated deficit) (1,905,453) (1,836,514)
Less: treasury shares, at cost, 1,161 and 1,161 common shares, respectively (1,315,751) (1,315,751)
Total shareholders' equity 565,912 590,727
Noncontrolling interest 426,638 364,470
Total equity 992,550 955,197
Total liabilities and equity $ 4,443,317 $ 4,789,657
[1] Includes related party balances of $211.5 million and $121.0 million as of September 30, 2026 and December 31, 2025, respectively.
[2] The condensed consolidated balance sheets include assets and liabilities of consolidated joint ventures. See Note 4—Joint Ventures for additional information.