v3.24.2.u1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 309,653 $ 203,306 $ 525,145 $ 393,418
Cost of operations (exclusive of depreciation and amortization shown below):        
Depreciation and amortization 69,463 45,430 116,407 90,327
Selling, general and administrative 59,927 13,438 84,751 26,523
Gain on sale of property, plant and equipment (1,173) (738) (1,173) (721)
Total operating expenses 255,486 141,246 410,820 271,003
Income from operations 54,167 62,060 114,325 122,415
Other income (expenses):        
Interest expense, net (52,133) (73,658) (91,873) (142,320)
Gain on derivatives 6,797 34,934 26,554 26,939
Other income, net 218 32 150 1
Total other expenses, net (45,118) (38,692) (65,169) (115,380)
Income before income taxes 9,049 23,368 49,156 7,035
Income tax expense 2,336 5,851 12,211 1,861
Net income 6,713 17,517 36,945 5,174
Less: Net income attributable to noncontrolling interests 485 0 485 0
Net Income attributable to common shareholders $ 6,228 $ 17,517 $ 36,460 $ 5,174
Earnings per share attributable to common shareholders:        
Basic net earnings per share (in dollars per share) $ 0.07 $ 0.30 $ 0.44 $ 0.09
Diluted net earnings per share (in dollars per share) $ 0.06 $ 0.30 $ 0.41 $ 0.09
Basic weighted average shares of common stock outstanding (in shares) 84,202,352 59,000,000 80,836,019 59,000,000
Diluted weighted average common shares of common stock outstanding (in shares) 90,669,239 59,000,000 87,238,110 59,000,000
Contract Services        
Revenues:        
Total revenues $ 276,250 $ 181,619 $ 469,649 $ 359,316
Cost of operations (exclusive of depreciation and amortization shown below):        
Cost of operations 99,333 65,017 165,215 127,787
Other Services        
Revenues:        
Total revenues 33,403 21,687 55,496 34,102
Cost of operations (exclusive of depreciation and amortization shown below):        
Cost of operations $ 27,936 $ 18,099 $ 45,620 $ 27,087

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