Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 56,650 $ 60,967
Restricted cash 21,601 21,359
Accounts receivable, net 76,312 79,020
Inventories 16,516 15,119
Prepaid expenses 2,018 1,780
Assets held for sale 5,844 0
Other current assets 7,632 10,342
Total current assets 186,573 188,587
Property, plant and equipment, net 108,382 115,082
Sand reserves, net 57,275 57,273
Operating lease right-of-use assets 5,544 6,417
Goodwill 9,214 9,214
Other non-current assets 7,366 7,458
Total assets 374,354 384,031
CURRENT LIABILITIES    
Accounts payable 28,459 32,459
Accrued expenses and other current liabilities 27,946 33,940
Current operating lease liability 3,177 3,450
Income taxes payable 45,444 44,658
Total current liabilities 105,026 114,507
Deferred income tax liabilities 2,987 3,021
Long-term operating lease liability 2,220 2,792
Asset retirement obligations 4,269 4,234
Other long-term liabilities 7,341 6,659
Total liabilities 121,843 131,213
COMMITMENTS AND CONTINGENCIES (Note 18)
EQUITY    
Common stock, $0.01 par value, 200,000,000 shares authorized, 48,127,369 issued and outstanding at March 31, 2025 and December 31, 2024 481 481
Additional paid-in capital 540,642 540,431
Accumulated deficit (284,180) (283,643)
Accumulated other comprehensive loss (4,432) (4,451)
Total equity 252,511 252,818
Total liabilities and equity $ 374,354 $ 384,031