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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income (loss)     $ 42,111 $ (10,346)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Deferred income tax (benefit)   $ 232   (3,389)
Equity method investment loss $ 248 234 287 740
Depreciation, depletion and amortization 9,142 13,838 29,661 42,930
Loss on extinguishment of debt       2,790
Gain on disposal or abandonment of assets, net (2,334) (290) (2,410) (536)
Amortization of debt issuance costs 579 438 1,600 1,251
Asset retirement obligations accretion 446 410 1,310 1,208
Cash paid on asset retirement obligation reclamation     (455) (820)
Stock-based compensation     2,144 3,320
Amortization of contract liabilities     (82,639) (59,236)
Accretion on contract liabilities     5,659  
Other     274 1,352
Change in current assets and liabilities:        
Accounts receivable     (9,325) 8,029
Inventory     8,679 (8,002)
Parts and supplies     (4,898) (786)
Prepaid expenses     1,190 (1,098)
Accounts payable and accrued liabilities     1,923 (7,715)
Contract liabilities     77,867 57,293
Net cash provided by operating activities     72,978 26,985
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures     (44,277) (39,606)
Proceeds from sale of equipment     2,891 3,373
Investment in equity method investments     (394)  
Net cash used in investing activities     (41,780) (36,233)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Payments on bank debt     (63,000) (86,500)
Borrowings of bank debt     63,000 65,000
Payments on lease financing     (5,187) (4,105)
Proceeds from sale and leaseback arrangement       3,783
Issuance of related party notes payable       5,000
Payments on related party notes payable       (5,000)
Debt issuance costs     (330) (654)
ATM offering       34,515
Taxes paid on vesting of RSUs     (2,352) (273)
Net cash (used in) provided by financing activities     (7,869) 11,766
Increase in cash, cash equivalents, and restricted cash     23,329 2,518
Cash, cash equivalents, and restricted cash, beginning of period     12,153 7,123
Cash, cash equivalents, and restricted cash, end of period 35,482 9,641 35,482 9,641
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:        
Cash and cash equivalents 12,663 3,829 12,663 3,829
Restricted cash 22,819 5,812 22,819 5,812
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents $ 35,482 $ 9,641 35,482 9,641
SUPPLEMENTAL CASH FLOW INFORMATION:        
Cash paid for interest     4,718 8,679
SUPPLEMENTAL NON-CASH FLOW INFORMATION:        
Change in capital expenditures included in accounts payable and prepaid expense     $ (5,855) (7,825)
Stock issued on redemption of convertible notes and interest       $ 22,993