Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 87,763 $ 197,193
Accounts receivable, net 112,942 85,313
Inventories, net 40,021 26,803
Derivative assets 1,907 1,312
Prepaid and other current assets 18,726 8,736
Total current assets 261,359 319,357
Property, plant and equipment, net 533,982 481,159
Goodwill 398,268 326,744
Other intangible assets, net 135,512 59,288
Right-of-use lease assets 53,123 37,935
Other long-term assets 38,465 36,495
Total assets 1,420,709 1,260,978
LIABILITIES    
Accounts payable 74,048 48,048
Operating lease liabilities—current 13,230 9,495
Accrued liabilities 66,335 63,272
Total current liabilities 153,613 120,815
Long-term debt 492,952 392,581
Deferred income taxes 146,013 113,288
Operating lease liabilities—noncurrent 40,164 28,666
Other long-term liabilities 1,019 2,188
Total liabilities 833,761 657,538
Commitments and contingencies (Note 15)
EQUITY    
Common stock ($0.01 par); authorized shares 450,000,000; issued shares 140,872,846 and 140,872,846 on June 30, 2026 and December 31, 2025, respectively; outstanding shares 109,468,398 and 111,805,102 on June 30, 2026 and December 31, 2025, respectively 1,409 1,409
Preferred stock ($0.01 par); authorized shares 50,000,000; no shares issued or outstanding on June 30, 2026 and December 31, 2025 0 0
Additional paid-in capital 1,105,788 1,108,525
Accumulated deficit (236,455) (248,634)
Treasury stock, at cost; shares 31,404,448 and 29,067,744 on June 30, 2026 and December 31, 2025, respectively (289,292) (261,131)
Accumulated other comprehensive income 5,498 3,271
Total equity 586,948 603,440
Total liabilities and equity $ 1,420,709 $ 1,260,978