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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2025
Long-Term Debt.  
Schedule of long-term debt

(in thousands)

  ​ ​ ​

December 31, 2025

  ​ ​ ​

December 31, 2024

Credit Facility

$

918,475

$

408,325

6.625% senior notes due September 2032:

Principal outstanding

700,000

 

700,000

Unamortized debt issuance costs

(8,356)

 

(9,609)

691,644

 

690,391

6.25% senior notes due April 2028:

Principal outstanding

 

800,000

 

800,000

Unamortized debt premium

4,513

 

6,519

Unamortized debt issuance costs

 

(3,739)

 

(5,401)

 

800,774

 

801,118

6.875% senior notes due April 2027:

Principal outstanding

 

300,000

Unamortized debt issuance costs

 

(1,458)

 

298,542

Long-term debt

$

2,410,893

$

2,198,376

Schedule of financial ratios as defined in Credit Facility agreement

EBITDA to Interest Expense

2.5 to 1.0

Senior Secured Debt to EBITDA

3.0 to 1.0

Total Debt to EBITDA (1)

5.25 to 1.0

(1) Subject to a temporary increase to 5.50 to 1.0 for any quarter during which an acquisition satisfying certain thresholds is completed and for the two quarters immediately following such quarter.
Schedule of maturities of long-term debt

 

(in thousands)

2026

$

2027

 

2028

 

1,718,475

2029

2030

 

Long-term debt maturities through 2030

$

1,718,475