Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 50,869 $ 101,987
Marketable securities 26,150 19,635
Restricted cash 11,914 12,085
Accounts receivable, net 39,402 28,934
Inventories 11,043 4,083
Current assets held for sale 2,227 4,287
Other current assets 3,066 4,619
Current assets of discontinued operations 1,334 1,518
Total current assets 146,005 177,148
Property, plant and equipment, net 149,909 106,097
Sand reserves, net 39,369 39,613
Operating lease right-of-use assets 3,518 2,591
Goodwill 1,462 0
Other non current assets 5,693 5,767
Noncurrent assets of discontinued operations 6 3,678
Total assets 345,962 334,894
CURRENT LIABILITIES    
Accounts payable 11,557 9,327
Accrued expenses and other current liabilities 19,875 18,336
Current operating lease liabilities 2,359 2,071
Income taxes payable 41,421 39,899
Current liabilities of discontinued operations 298 383
Total current liabilities 75,510 70,016
Deferred income tax liabilities 3,345 2,430
Long-term operating lease liabilities 1,617 1,375
Asset retirement obligations 2,777 2,759
Other long-term liabilities 324 26
Total liabilities 83,573 76,606
COMMITMENTS AND CONTINGENCIES (Note 18)
EQUITY    
Common stock, $0.01 par value, 200,000,000 shares authorized, 48,127,585 and 48,358,315 issued and outstanding at June 30, 2026 and December 31, 2025, respectively 481 483
Additional paid-in capital 540,848 540,841
Accumulated deficit (274,619) (279,046)
Accumulated other comprehensive loss (4,321) (3,990)
Total equity 262,389 258,288
Total liabilities and equity $ 345,962 $ 334,894