v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash, cash equivalents and restricted cash $ 337,244 $ 420,642
Accounts receivable, net of allowance for credit losses of $14,555 and $14,469 at March 31, 2026 and December 31, 2025, respectively 742,379 723,277
Inventory 150,592 160,280
Other current assets 92,057 113,892
Total current assets 1,322,272 1,418,091
Property and equipment, net 2,627,928 2,711,037
Operating lease right of use asset 37,978 42,982
Finance lease right of use asset 7,822 14,932
Goodwill 487,388 487,388
Intangible assets, net 784,217 814,810
Deposits on equipment purchases 14,207 11,757
Other assets 78,707 69,469
Total assets 5,360,519 5,570,466
Current liabilities:    
Accounts payable 442,423 470,782
Accrued liabilities 256,326 366,488
Operating lease liability 15,846 18,652
Finance lease liability 5,656 7,720
Total current liabilities 720,251 863,642
Long-term operating lease liability 25,084 27,607
Long-term finance lease liability 928 5,453
Long-term debt, net of debt discount and issuance costs of $6,037 and $6,362 at March 31, 2026 and December 31, 2025, respectively 1,221,363 1,221,038
Deferred tax liabilities, net 212,032 215,818
Other liabilities 15,158 12,193
Total liabilities 2,194,816 2,345,751
Commitments and contingencies (see Note 9)
Stockholders’ equity:    
Common stock, par value $0.01; authorized 800,000,000 shares with 524,089,062 and 523,736,898 issued and 379,602,464 and 379,301,646 outstanding at March 31, 2026 and December 31, 2025, respectively 5,240 5,236
Additional paid-in capital 6,497,270 6,492,862
Retained earnings (deficit) (1,320,377) (1,257,691)
Accumulated other comprehensive income (loss) (1,694) (1,155)
Treasury stock, at cost, 144,486,598 and 144,435,252 shares at March 31, 2026 and December 31, 2025, respectively (2,021,064) (2,020,714)
Total stockholders’ equity attributable to controlling interests 3,159,375 3,218,538
Noncontrolling interest 6,328 6,177
Total equity 3,165,703 3,224,715
Total liabilities and stockholders’ equity $ 5,360,519 $ 5,570,466