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Debt

9 Months Ended

Sep. 30, 2025

Debt [Abstract]

DEBT

6. DEBT.

Long-term borrowings are summarized as follows (in thousands):

		September 30, 2025				December 31, 2024
Kinergy line of credit		$	46,013			$	39,677
Orion term loan			60,000				60,000
			106,013				99,677
Less unamortized debt discount			(2,490	)			(3,089	)
Less unamortized debt financing costs			(2,925	)			(3,684	)
Less current portion			—				—
Long-term debt		$	100,598			$	92,904

Excess Availability – As of September 30, 2025, Kinergy had $20.3 million in unused borrowing availability under its line of credit and the Company had $65.0 million that may be available for capital improvement projects under its Orion term loan, subject to certain conditions.

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- References

No definition available.

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- Definition

The entire disclosure for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

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