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Acquisition (Tables)

9 Months Ended

Sep. 30, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of assets acquired and liabilities assumed

The assets acquired and liabilities assumed related to the Acquisition were recorded at their fair values as of the closing date of May 14, 2025, which are shown below. These amounts will be finalized no later than one year from the acquisition date (in thousands):


Fair value of assets acquired	May 14, 2025
Cash and cash equivalents	$	6,434
Current portion of restricted cash		650
Accounts receivable, net		45,897
Inventories		19,609
Other current assets		10,786
Property and equipment, net		447,605
Intangible assets, net		369,000
Goodwill		244,993
Right-of-use assets		176,114
Other assets		11,678
Total assets acquired	$	1,332,766
Fair value of liabilities assumed
Accounts payable	$	7,228
Accrued liabilities and other liabilities		16,658
Current portion of deferred revenues		4,702
Current portion of operating lease liabilities		20,657
Operating lease liabilities		150,004
Asset retirement obligations		16,359
Other long-term liabilities		61,983
Total liabilities assumed	$	277,591
Net assets acquired	$	1,055,175

Schedule of Unaudited Pro Forma Financial Information

Acquisition and related debt and equity issuances along with the use of proceeds therefrom had occurred on January 1, 2024 (in thousands):


	For the three months ended September 30,								For the nine months ended September 30,
	2025				2024				2025				2024
Revenues	$	391,044			$	285,801			$	1,058,973			$	851,848
Net income (loss)		57,261				46,006				161,943				74,707