v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 121,037 $ 173,032
Trade receivables, net 204,216 250,921
Inventories 163,405 195,165
Other current assets 88,133 87,678
Total current assets 576,791 706,796
Non-current assets:    
Property, plant and equipment, net 1,491,377 1,654,455
Right of use asset - operating leases, net 81,480 86,481
Restricted deposits 144,419 141,696
Goodwill 28,008 28,008
Intangible assets, net 2,659 2,708
Other non-current assets 5,440 5,411
Total assets 2,330,174 2,625,555
Current liabilities:    
Accounts payable 125,073 89,178
Accrued expenses and other current liabilities 201,529 276,032
Asset retirement obligations 11,168 10,978
Contract obligations 21,035 22,445
Lease liabilities 35,427 34,300
Interest bearing liabilities 1,764 1,671
Income tax payable 21,407 21,024
Other current financial liabilities 1,571 1,424
Total current liabilities 418,974 457,052
Non-current liabilities:    
Asset retirement obligations 148,004 143,388
Lease liabilities 78,027 83,866
Interest bearing liabilities 691,707 684,989
Contract obligations 18,782 21,173
Stanwell liabilities 562,961 501,795
Other financial liabilities 18,913 18,888
Deferred income tax liabilities 11,482 23,249
Other non-current liabilities 55,469 41,409
Total liabilities 2,004,319 1,975,809
Common stock $0.01 par value; 1,000,000,000 shares authorized,167,645,373 shares issued and outstanding as of March 31, 2026 and December 31, 2025 1,677 1,677
Series A Preferred stock $0.01 par value; 100,000,000 shares authorized, 1 Share issued and outstanding as of March 31, 2026 and December 31, 2025 0 0
Additional paid-in capital 1,090,070 1,094,743
Accumulated other comprehensive losses (121,072) (120,444)
Accumulated losses (644,820) (326,230)
Total stockholders' equity 325,855 649,746
Total liabilities and stockholders' equity $ 2,330,174 $ 2,625,555