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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash, cash equivalents and restricted cash $ 186,913 $ 241,293
Accounts receivable, net of allowance for credit losses of $14,813 and $15,047 at September 30, 2025 and December 31, 2024, respectively 800,448 763,806
Inventory 155,933 167,023
Other current assets 134,207 123,193
Total current assets 1,277,501 1,295,315
Property and equipment, net 2,785,428 3,010,342
Operating lease right of use asset 43,216 44,385
Finance lease right of use asset 22,028 27,018
Goodwill 487,388 487,388
Intangible assets, net 842,972 929,610
Deposits on equipment purchases 11,147 15,699
Other assets 63,430 23,709
Total assets 5,533,110 5,833,466
Current liabilities:    
Accounts payable 461,265 421,318
Accrued liabilities 283,880 385,751
Operating lease liability 17,220 13,322
Finance lease liability 15,408 15,214
Current maturities of long-term debt 0 6,388
Total current liabilities 777,773 841,993
Long-term operating lease liability 29,140 34,305
Long-term finance lease liability 5,850 10,216
Long-term debt, net of debt discount and issuance costs of $6,684 and $7,637 at September 30, 2025 and December 31, 2024, respectively 1,220,716 1,219,770
Deferred tax liabilities, net 232,803 238,097
Other liabilities 11,743 13,241
Total liabilities 2,278,025 2,357,622
Commitments and contingencies (see Note 9)
Stockholders’ equity:    
Common stock, par value $0.01; authorized 800,000,000 shares with 523,642,586 and 520,784,783 issued and 379,243,018 and 387,344,755 outstanding at September 30, 2025 and December 31, 2024, respectively 5,235 5,206
Additional paid-in capital 6,484,104 6,453,606
Retained earnings (deficit) (1,217,668) (1,039,338)
Accumulated other comprehensive income (loss) (1,825) (2,584)
Treasury stock, at cost, 144,399,568 and 133,440,028 shares at September 30, 2025 and December 31, 2024, respectively (2,021,041) (1,951,067)
Total stockholders’ equity attributable to controlling interests 3,248,805 3,465,823
Noncontrolling interest 6,280 10,021
Total equity 3,255,085 3,475,844
Total liabilities and stockholders’ equity $ 5,533,110 $ 5,833,466