Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 71,207 $ 197,193
Accounts receivable, net 121,264 85,313
Inventories, net 39,030 26,803
Derivative assets 1,924 1,312
Prepaid and other current assets 14,169 8,736
Total current assets 247,594 319,357
Property, plant and equipment, net 546,990 481,159
Goodwill 399,544 326,744
Other intangible assets, net 125,508 59,288
Right-of-use lease assets 50,757 37,935
Other long-term assets 47,110 36,495
Total assets 1,417,503 1,260,978
LIABILITIES    
Accounts payable 67,862 48,048
Operating lease liabilities—current 13,180 9,495
Accrued liabilities 54,682 63,272
Total current liabilities 135,724 120,815
Long-term debt 493,143 392,581
Deferred income taxes 143,641 113,288
Operating lease liabilities—noncurrent 37,864 28,666
Other long-term liabilities 876 2,188
Total liabilities 811,248 657,538
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 September 30, 2026 and December 31, 2025, respectively; outstanding shares 109,204,679 and 111,805,102 on September 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 September 30, 2026 and December 31, 2025 0 0
Additional paid-in capital 1,108,244 1,108,525
Accumulated deficit (218,297) (248,634)
Treasury stock, at cost; shares 31,668,167 and 29,067,744 on September 30, 2026 and December 31, 2025, respectively (292,028) (261,131)
Accumulated other comprehensive income 6,927 3,271
Total equity 606,255 603,440
Total liabilities and equity $ 1,417,503 $ 1,260,978