v3.26.3
DEBT
 9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
DEBT DEBT
    Revolving Credit Facility—In March 2026, we and certain of our subsidiaries entered into the Successor Agent Amendment and Third Amendment to the Restated Credit Agreement (the "Third Amendment") with a syndicate of lenders, Bank of Montreal, as original administrative agent, and BMO Bank N.A., as successor administrative agent, which amended certain terms of the Amended and Restated Credit Agreement, dated August 1, 2019 (as amended, the "Credit Agreement").
Pursuant to the Third Amendment, the Credit Agreement was amended to, among other things, (i) extend the maturity date of the Credit Agreement to March 30, 2031, (ii) amend certain provisions relating to dispositions to facilitate the sale of Intrepid South, and (iii) update certain other provisions, including financial covenants, to be more favorable to the Company. The amount available under the Third Amendment remains at $150 million.
Borrowings under the revolving credit facility bear interest at the Secured Overnight Financing Rate ("SOFR") plus an applicable margin of 1.50% to 2.25% per annum, based on our leverage ratio as calculated in accordance with the revolving credit facility. Borrowings under the revolving credit facility are secured by substantially all of our current and non-current assets, and the obligations under the revolving credit facility are unconditionally guaranteed by several of our subsidiaries.
    We occasionally borrow and repay amounts under the revolving credit facility for near-term working capital needs or other purposes and may do so in the future. During the three and nine months ended September 30, 2026, we made no borrowings and made no repayments under the revolving credit facility. During the three and nine months ended September 30, 2025, we made no borrowings and made no repayments under the revolving credit facility. As of September 30, 2026, we had no borrowings outstanding and $0.5 million in outstanding letters of credit under this facility. As of December 31, 2025, we had no borrowings outstanding and no outstanding letters of credit under this facility.
As of September 30, 2026, we were in compliance with all applicable covenants under the revolving credit facility.
Interest Expense—Interest expense is recorded net of any capitalized interest associated with investments in capital projects. We incurred gross interest expense of $0.2 million and $0.6 million for the three and nine months ended September 30, 2026, respectively, and $0.2 million and $0.5 million for the three and nine months ended September 30, 2025, respectively.
    Amounts included in interest expense, net for the three and nine months ended September 30, 2026, and 2025 were as follows (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
Interest expense on finance leases$43 $41 $171 $151 
Commitment fee on unused credit facility57 58 170 171 
Amortization of deferred financing costs62 75 226 226 
Letter of credit fees2 — 2 — 
Gross interest expense164 174 569 548 
Less capitalized interest(164)(138)(569)(341)
Interest expense, net$— $36 $— $207