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Land, Property and Equipment
 6 Months Ended
Jun. 30, 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 June 30, 2025 consisted of the following (in thousands):

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December 31, 

    

June 30, 

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2024

    

2025

Land

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$

19,193

​

$

20,595

LNG liquefaction plants

​

 

96,812

​

 

96,881

Station equipment

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468,983

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469,962

Trailers

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70,363

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70,922

Other equipment

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107,475

​

 

109,925

Construction in progress

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134,057

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101,364

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896,883

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869,649

Less accumulated depreciation

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(531,564)

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(544,424)

Total land, property and equipment, net

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$

365,319

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$

325,225

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Included in “Land, property and equipment, net” are capitalized software costs of $38.5 million and $39.4 million as of December 31, 2024 and June 30, 2025, respectively. Accumulated amortization of the capitalized software costs are $35.8 million and $36.6 million as of December 31, 2024 and June 30, 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 June 30, 2024 and 2025, respectively and $0.9 million in the six months ended June 30, 2024 and 2025, respectively.

As of December 31, 2024 and June 30, 2025, $9.0 million and $8.9 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 expired 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 as of March 31, 2025, associated with accelerated depreciation expense and incremental asset retirement obligation (“ARO”) charges, which are included in “Depreciation and amortization” in the accompanying condensed consolidated statements of operations for the six months ended June 30, 2025.