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Land, Property and Equipment
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Land, Property and Equipment

Note 10—Land, Property and Equipment

Land, property and equipment, net as of December 31, 2024 and March 31, 2025 consisted of the following (in thousands):

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December 31, 

    

March 31, 

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2024

    

2025

Land

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$

19,193

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$

18,543

LNG liquefaction plants

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96,812

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96,812

Station equipment

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468,983

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466,451

Trailers

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70,363

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70,378

Other equipment

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107,475

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117,914

Construction in progress

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134,057

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87,466

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896,883

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857,564

Less accumulated depreciation

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(531,564)

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(538,937)

Total land, property and equipment, net

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$

365,319

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$

318,627

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Included in “Land, property and equipment, net” are capitalized software costs of $38.5 million and $39.0 million as of December 31, 2024 and March 31, 2025, respectively. Accumulated amortization of the capitalized software costs are $35.8 million and $36.2 million as of December 31, 2024 and March 31, 2025, respectively.

The Company recorded amortization expense related to capitalized software costs of $0.5 million and $0.4 million in the three months ended March 31, 2024 and 2025, respectively.

As of December 31, 2024 and March 31, 2025, $9.0 million and $8.8 million, respectively, are included in “Accounts payable” and “Accrued liabilities” in the accompanying condensed consolidated balance sheets, representing amounts related to purchases of property and equipment. These amounts are excluded from the accompanying condensed consolidated statements of cash flows as they are non-cash investing activities.

Fueling Station Equipment Removal

On January 20, 2025, the Company received notice from Pilot Travel Centers, LLC (“Pilot”) of non-renewal of the Liquified Natural Gas Fueling Station and LNG Master Sales Agreement, dated August 2, 2010 (“the agreement” or “Pilot Agreement”), which expires August 1, 2025, in accordance with the agreement.

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In March 2025, the Company made the decision to allow the agreement to expire, and to remove the station equipment and site improvements from each of the sites.

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In connection with the decision to remove the station equipment and site improvements, the Company recognized $50.7 million associated with accelerated depreciation expense and incremental ARO charges, which are included in “Depreciation and amortization” in the accompanying condensed consolidated statements of operations for the quarter ended March 31, 2025.