v3.25.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Total revenues $ 329,642 $ 215,492
Cost of operations (exclusive of depreciation and amortization shown below):    
Cost of operations 128,461 83,566
Depreciation and amortization 70,529 46,944
Selling, general and administrative 32,255 24,824
Loss on sale of assets 9,211 0
Total operating expenses 240,456 155,334
Income from operations 89,186 60,158
Other income (expenses):    
Interest expense (47,224) (39,740)
Gain on derivatives 0 19,757
Other expense, net (402) (68)
Total other expenses, net (47,626) (20,051)
Income before income taxes 41,560 40,107
Income tax expense 10,524 9,875
Net income 31,036 30,232
Less: Net income attributable to noncontrolling interests 625 0
Net income attributable to common shareholders $ 30,411 $ 30,232
Earnings per share attributable to common shareholders:    
Basic (in dollars per share) $ 0.34 $ 0.39
Diluted (in dollars per share) $ 0.33 $ 0.39
Weighted average shares outstanding:    
Basic (in shares) 87,879 77,432
Diluted (in shares) 90,606 78,102
Contract Services    
Revenues:    
Total revenues $ 288,956 $ 193,399
Cost of operations (exclusive of depreciation and amortization shown below):    
Cost of operations 93,235 65,882
Other Services    
Revenues:    
Total revenues 40,686 22,093
Cost of operations (exclusive of depreciation and amortization shown below):    
Cost of operations $ 35,226 $ 17,684

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