v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 3,179 $ 4,750
Accounts receivable, net of allowance of $13,031 and $12,629, respectively 197,600 253,637
Inventories, net 101,530 103,341
Fair value of derivative instruments 0 3,672
Contract assets 5,190 7,575
Prepaid expenses and other current assets 15,637 10,686
Total current assets 323,136 383,661
Property, plant and equipment, net 3,377,555 3,395,022
Operating lease right-of-use assets, net 42,218 53,754
Finance lease right-of-use assets, net 6,500 5,696
Goodwill 408,681 415,213
Identifiable intangible assets, net 154,474 162,747
Fair value of derivative instruments 4,664 17,544
Other assets 789 1,486
Total assets 4,318,017 4,435,123
Current liabilities:    
Accounts payable 72,974 57,562
Accrued liabilities 218,463 188,732
Contract liabilities 94,505 73,075
Total current liabilities 385,942 319,369
Long-term debt, net of unamortized debt issuance cost 2,555,250 2,581,909
Operating lease liabilities 39,391 49,748
Finance lease liabilities 4,405 3,514
Deferred tax liabilities 122,851 103,826
Other liabilities 2,782 3,150
Total liabilities 3,110,621 3,061,516
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Preferred stock, (50.0 million authorized, $0.01 par value) 0.3 million and 0.8 million shares issued and outstanding as of December 31, 2025 and 2024, respectively 4 9
Common stock, (750.0 million shares authorized, $0.01 par value) 90.2 million and 89.2 million issued and 85.8 million and 87.8 million outstanding as of December 31, 2025 and 2024, respectively 903 892
Additional paid-in capital 1,334,333 1,305,375
Treasury stock, at cost (4.5 million and 1.4 million shares held as of December 31, 2025 and 2024, respectively) (143,968) (40,000)
Noncontrolling interest 4,910 13,694
Accumulated other comprehensive loss (1,586) 0
Retained earnings 12,800 93,637
Total stockholders’ equity 1,207,396 1,373,607
Total liabilities and stockholders’ equity $ 4,318,017 $ 4,435,123

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