Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED BALANCE SHEETS

v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 101,987 $ 60,845
Marketable securities 19,635 0
Restricted cash 12,085 19,359
Accounts receivable, net 28,934 40,672
Inventories 4,083 6,848
Current assets held for sale 4,287 0
Other current assets 4,619 10,854
Current assets of discontinued operations 1,518 50,009
Total current assets 177,148 188,587
Property, plant and equipment, net 106,097 66,651
Sand reserves, net 39,613 57,273
Operating lease right-of-use assets 2,591 3,954
Other non-current assets 5,767 7,383
Noncurrent assets of discontinued operations 3,678 60,183
Total assets 334,894 384,031
CURRENT LIABILITIES    
Accounts payable 9,327 12,107
Accrued expenses and other current liabilities 18,336 25,650
Current operating lease liability 2,071 2,643
Income taxes payable 39,899 44,570
Current liabilities of discontinued operations 383 29,537
Total current liabilities 70,016 114,507
Deferred income tax liabilities 2,430 3,021
Long-term operating lease liability 1,375 1,316
Asset retirement obligations 2,759 4,234
Other long-term liabilities 26 213
Noncurrent liabilities of discontinued operations 0 7,922
Total liabilities 76,606 131,213
COMMITMENTS AND CONTINGENCIES (Note 18)
Equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized, 48,358,315 and 48,127,369 issued and outstanding at December 31, 2025 and 2024, respectively 483 481
Additional paid-in capital 540,841 540,431
Accumulated deficit (279,046) (283,643)
Accumulated other comprehensive loss (3,990) (4,451)
Total equity 258,288 252,818
Total liabilities and equity $ 334,894 $ 384,031