v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income (loss) $ (24,476) $ 1,290
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion, amortization and impairment 218,394 231,866
Deferred income tax expense (benefit) (3,792) 359
Stock-based compensation 4,412 12,289
Net (gain) loss on asset disposals 1,861 (709)
Other (1,600) (166)
Changes in operating assets and liabilities:    
Accounts receivable (17,796) (36,544)
Inventory (5,658) 2,046
Other current assets 21,824 12,516
Other assets 4,897 2,948
Accounts payable (18,630) 98,038
Accrued liabilities (110,254) (113,103)
Other liabilities (5,324) (2,689)
Net cash provided by operating activities 63,858 208,141
Cash flows from investing activities:    
Purchases of property and equipment (116,628) (161,831)
Proceeds from disposal of assets, including insurance recoveries 12,220 4,380
Other (1,618) (7,053)
Net cash used in investing activities (106,026) (164,504)
Cash flows from financing activities:    
Purchases of treasury stock (350) (20,295)
Dividends paid (37,960) (30,877)
Payments of finance leases (1,959) (2,632)
Other 0 (5,069)
Net cash used in financing activities (40,269) (58,873)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (961) (853)
Net change in cash, cash equivalents and restricted cash (83,398) (16,089)
Cash, cash equivalents and restricted cash at beginning of period 420,642 241,293
Cash, cash equivalents and restricted cash at end of period 337,244 225,204
Net cash received (paid) during the period for:    
Interest, net of capitalized interest of $61 in 2026 and $315 in 2025 (9,984) (23,998)
Income taxes 15,401 1,437
Non-cash investing and financing activities:    
Net decrease in payables for purchases of property and equipment (9,784) (5,420)
Purchases of property and equipment through exchange of lease right of use asset 2,878 334
Derecognition of right of use asset $ (6,367) $ (334)