v3.26.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 5 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2026
Mar. 31, 2026
Sep. 30, 2025
Mar. 31, 2025
Sep. 30, 2026
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Cash Flows from Operating Activities:                
Net income $ 24,795   $ 15,903 $ (5,634) $ 44,732 $ 84,685 $ 34,427  
Adjustments to reconcile net income to net cash provided by operating activities:                
Depreciation, amortization, accretion expense           49,866 45,922  
Amortization of right-of-use assets           9,182 6,558  
Amortization of deferred financing cost           3,233 3,204  
Allowance for credit losses           9 10  
Loss (gain) on disposal of assets (4,120)   (270)     (3,699) (2,461)  
Equity-based compensation           11,045 0  
Deferred income tax           8,046 0  
Change in fair value of derivative liability 0   (100)     0 (900)  
Goodwill impairment 0   1,390     0 1,390  
Impairment on equity investment 0   5,260     0 5,260  
Changes in operating assets and liabilities, net                
Accounts receivables           (15,225) (7,282)  
Inventories           (18,563) (1,423)  
Prepaid expenses           1,908 642  
Other current assets - BTS           (2,676) 0  
Other current assets - Other           (662) (298)  
Account payable - Fuel           44,191 10,852  
Account payable - Other           2,513 1,758  
Accrued expenses and other current liabilities           2,551 9,171  
Lease liabilities           (3,934) (3,402)  
Other noncurrent liabilities           (1,572) 0  
Due to/(from) affiliates           106 0  
Net cash provided by operating activities           171,004 103,428  
Cash Flows from Investing Activities:                
Purchase of property and equipment           (71,813) (59,487)  
Acquisition of intangible assets           (2,123) (2,829)  
Proceeds from sale of assets           8,152 4,435  
Other investing activities           (2,829) (309)  
Net cash used in investing activities           (68,613) (58,190)  
Cash Flows from Financing Activities:                
Proceeds from revolver           0 15,000  
Repayment of revolver           (50,000) (35,000)  
Repayment of borrowings from term loan           (3,075) (3,075)  
Cash paid for debt issuance costs           (110) (608)  
Proceeds from financing obligation           2,489 4,977  
Repayment of financing obligation with lessors           (1,555) (1,554)  
Repayment of financing leases           (51) (48) $ (48)
Proceeds from issuance of common stock           301,070 0  
Cash paid for IPO issuance costs           (7,403) 0  
Distributions to redeemable senior preferred membership interests           (252,266) (579)  
Distributions to members           (23,510) (9,193)  
Net cash used in financing activities           (34,411) (30,080)  
Increase (decrease) in cash and cash equivalents           67,980 15,158  
Cash and cash equivalents, beginning of period   $ 36,592   32,720   36,592 32,720 32,720
Cash and cash equivalents, end of period $ 104,572   47,878   $ 104,572 104,572 47,878 $ 36,592
Cash paid for:                
Interest, net of amounts capitalized           34,548 40,278  
Income taxes           707 163  
Supplemental Disclosure of Non-Cash Investing and Financing Activities:                
Fixed asset purchases in Accounts payable - Other           3,857 8,266  
Fixed asset purchases in Accrued expenses and other current liabilities           3,206 2,798  
Right-of-use assets acquired by assumption of operating leases           16,318 83,645  
Remeasurement of lease liabilities and Right-of-use assets           95 2,323  
Asset retirement obligations capitalized in fixed assets           59 316  
Accretion of Redeemable senior preferred membership interests   $ 10,402 $ 9,078 $ 8,394   12,638 26,216  
Distribution to Non-controlling interests           0 18  
Recapitalization of Continuing Equity Owners           585,875 0  
Recording amounts payable pursuant to tax receivable agreement           92,263 0  
Recording deferred tax assets related to tax receivable agreement liability           41,627 0  
Allocation of equity to Non-controlling interests           472,801 0  
Receivable arising from the sale of a disposal group           $ 13,783 $ 0