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, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 92,717 $ 101,987
Marketable securities 32,447 19,635
Restricted cash 12,097 12,085
Accounts receivable, net 34,739 28,934
Inventories 3,194 4,083
Current assets held for sale 4,333 4,287
Other current assets 3,895 4,619
Current assets of discontinued operations 1,363 1,518
Total current assets 184,785 177,148
Property, plant and equipment, net 113,228 106,097
Sand reserves, net 39,613 39,613
Operating lease right-of-use assets 2,043 2,591
Other non current assets 5,061 5,767
Noncurrent assets of discontinued operations 6 3,678
Total assets 344,736 334,894
CURRENT LIABILITIES    
Accounts payable 14,412 9,327
Accrued expenses and other current liabilities 18,016 18,336
Current operating lease liabilities 1,619 2,071
Income taxes payable 40,931 39,899
Current liabilities of discontinued operations 295 383
Total current liabilities 75,273 70,016
Deferred income tax liabilities 2,686 2,430
Long-term operating lease liabilities 1,047 1,375
Asset retirement obligations 2,770 2,759
Other long-term liabilities 11 26
Total liabilities 81,787 76,606
COMMITMENTS AND CONTINGENCIES (Note 18)
EQUITY    
Common stock, $0.01 par value, 200,000,000 shares authorized, 48,170,647 and 48,358,315 issued and outstanding at March 31, 2026 and December 31, 2025, respectively 481 483
Additional paid-in capital 540,435 540,841
Accumulated deficit (273,859) (279,046)
Accumulated other comprehensive loss (4,108) (3,990)
Total equity 262,949 258,288
Total liabilities and equity $ 344,736 $ 334,894