Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 127,250 $ 60,845
Restricted cash 30,053 19,359
Accounts receivable, net 44,787 43,769
Inventories 3,466 6,848
Current assets held for sale 10,017 0
Other current assets 7,559 11,380
Current assets of discontinued operations 17,001 46,386
Total current assets 240,133 188,587
Property, plant and equipment, net 68,422 66,725
Sand reserves, net 40,519 57,273
Operating lease right-of-use assets 3,884 4,722
Other non-current assets 6,728 7,383
Noncurrent assets of discontinued operations 4,508 59,341
Total assets 364,194 384,031
CURRENT LIABILITIES    
Accounts payable 11,407 13,440
Accrued expenses and other current liabilities 21,299 26,623
Current liabilities held for sale 1,739 0
Current operating lease liabilities 2,969 2,900
Income taxes payable 48,009 44,570
Current liabilities of discontinued operations 10,678 26,974
Total current liabilities 96,101 114,507
Deferred income tax liabilities 932 3,021
Long-term operating lease liabilities 2,292 1,838
Asset retirement obligations 2,714 4,234
Other long-term liabilities 117 244
Noncurrent liabilities of discontinued operations 0 7,369
Total liabilities 102,156 131,213
COMMITMENTS AND CONTINGENCIES (Note 18)
EQUITY    
Common stock, $0.01 par value, 200,000,000 shares authorized, 48,194,035 and 48,127,369 issued and outstanding at June 30, 2025 and December 31, 2024, respectively 482 481
Additional paid-in capital 540,842 540,431
Accumulated deficit (275,332) (283,643)
Accumulated other comprehensive loss (3,954) (4,451)
Total equity 262,038 252,818
Total liabilities and equity $ 364,194 $ 384,031