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ACQUISTIONS AND DIVESTITURES (Tables) | 12 Months Ended
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Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Fair Value of the Assets and Liabilities Acquired | The following table sets forth the preliminary fair value of the assets acquired and liabilities assumed as of the acquisition date. Certain data and assessments necessary to complete the purchase price allocation are still under evaluation, including, but not limited to, the valuation of property, plant and equipment, and intangible assets. The Company will finalize the purchase price allocation during the twelve-month period following the acquisition date, during which time the value of the assets and liabilities may be revised as appropriate.
Moonrise Purchase Price Allocation (in thousands): |  |
Total consideration paid for Moonrise (1) |  | $ | 89,771 |
Recognized amounts of identifiable assets acquired and liabilities assumed: |  |
Cash |  | 1,879 |
Accounts receivable |  | 3,482 |
Other current assets |  | 204 |
Property, plant and equipment, net |  | 74,124 |
Intangible assets |  | 13,114 |
Other assets |  | 758 |
Trade accounts payable, accrued expenses and other |  | (3,790) |
Net assets acquired and liabilities assumed |  | $ | 89,771 |
(1) Purchase price consideration includes $17.9 million of equity consideration (462,265 shares valued at $38.71 per share on March 10, 2025) as well as $1.9 million of cash acquired. The following table sets forth the fair value of the assets acquired and liabilities assumed as of the acquisition date. No material changes were made subsequent to the provisional purchase accounting measurements initially recorded in December 2024 for the Tall Oak Acquisition.
Purchase Price Allocation (in thousands): |  |
Total consideration paid for Tall Oak (1) |  | $ | 459,305 |
Recognized amounts of identifiable assets acquired and liabilities assumed: |  |
Cash |  | 846 |
Accounts receivable |  | 10,448 |
Other current assets |  | 4,741 |
Property, plant and equipment, net |  | 436,418 |
Intangible assets |  | 17,752 |
Trade accounts payable, accrued expenses and other |  | (10,900) |
Net assets acquired and liabilities assumed |  | $ | 459,305 |
(1) Purchase price consideration includes $283.1 million of equity consideration.(7,471,008 shares of Class B common stock valued at $37.89 per share on December 2, 2024)
Schedule of Pro Forma Information | Pro Forma Information (Unaudited). The following table summarizes the unaudited pro forma condensed financial information of SMC as if the Moonrise Acquisition and Tall Oak Acquisition had occurred on January 1, 2024:
| Year Ended December 31, 2025 |  | Year Ended December 31, 2024
| (in thousands)
Revenues | $ | 566,070 |  |  | $ | 543,481 |
Net loss | $ | (2,704) |  |  | $ | (80,168) |

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