v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Cash flows from operating activities:                  
Net income $ 38,768 $ 27,088     $ 26,219 $ 12,579 $ 65,856 $ 38,798  
Adjustments to reconcile net income to net cash provided by operating activities:                  
Depreciation and amortization 20,861       20,040   38,902 39,331  
Share-based compensation             4,299 2,702  
Other adjustments             611 323  
Change in working capital:                  
Accounts receivable             14,727 (6,216)  
Inventories             1,698 (8,091)  
Prepaid expenses and other current assets             (834) (247)  
Accounts payable             381 (7,952)  
Deferred revenue             (44,863) (11,489)  
Other current liabilities             (1,284) 3,866  
Net cash provided by operating activities             79,493 51,025  
Cash flows from investing activities:                  
Capital expenditures             (15,618) (14,263)  
Return of equity method investment             4,888 3,531  
Proceeds from sale of assets             40 2  
Net cash used in investing activities             (10,690) (10,730)  
Cash flows from financing activities:                  
Cash distributions to common unitholders (23,888) (18,497) $ (12,578) $ (20,082) (20,293) (17,757) (42,385)   $ (70,710)
Other financing activities             (2,875) 0  
Net cash used in financing activities             (45,260) (38,050)  
Net increase in cash and cash equivalents             23,543 2,245  
Cash and cash equivalents, beginning of period   $ 90,857   $ 47,524   $ 45,279 90,857 45,279 45,279
Cash and cash equivalents, end of period $ 114,400   $ 90,857   $ 47,524   114,400 47,524 $ 90,857
Related Party                  
Cash flows from financing activities:                  
Cash distributions to common unitholders             (16,527) (14,011)  
Nonrelated Party                  
Cash flows from financing activities:                  
Cash distributions to common unitholders             $ (25,858) $ (24,039)