Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 98,167 $ 60,845
Marketable securities 12,733 0
Restricted cash 29,461 19,359
Accounts receivable, net 41,893 43,769
Inventories 4,269 6,848
Current assets held for sale 5,618 0
Other current assets 4,310 11,380
Current assets of discontinued operations 2,558 46,386
Total current assets 199,009 188,587
Property, plant and equipment, net 83,828 66,725
Sand reserves, net 39,713 57,273
Operating lease right-of-use assets 3,592 4,722
Other non-current assets 6,219 7,383
Noncurrent assets of discontinued operations 4,392 59,341
Total assets 336,753 384,031
CURRENT LIABILITIES    
Accounts payable 12,219 13,440
Accrued expenses and other current liabilities 17,519 26,623
Current liabilities held for sale 42 0
Current operating lease liabilities 2,693 2,900
Income taxes payable 46,634 44,570
Current liabilities of discontinued operations 1,052 26,974
Total current liabilities 80,159 114,507
Deferred income tax liabilities 2,541 3,021
Long-term operating lease liabilities 2,028 1,838
Asset retirement obligations 2,722 4,234
Other long-term liabilities 60 244
Noncurrent liabilities of discontinued operations 0 7,369
Total liabilities 87,510 131,213
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 September 30, 2025 and December 31, 2024, respectively 482 481
Additional paid-in capital 540,842 540,431
Accumulated deficit (287,947) (283,643)
Accumulated other comprehensive loss (4,134) (4,451)
Total equity 249,243 252,818
Total liabilities and equity $ 336,753 $ 384,031