Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 13,090 $ 101,987
Marketable securities 24,496 19,635
Restricted cash 11,928 12,085
Accounts receivable, net 38,583 28,934
Inventories 14,760 4,083
Current assets held for sale 2,227 4,287
Other current assets 2,363 4,619
Current assets of discontinued operations 1,297 1,518
Total current assets 108,744 177,148
Property, plant and equipment, net 184,344 106,097
Sand reserves, net 38,424 39,613
Operating lease right-of-use assets 3,504 2,591
Goodwill 1,147 0
Other non current assets 5,454 5,767
Noncurrent assets of discontinued operations 6 3,678
Total assets 341,623 334,894
CURRENT LIABILITIES    
Accounts payable 7,934 9,327
Accrued expenses and other current liabilities 19,240 18,336
Current operating lease liabilities 2,584 2,071
Income taxes payable 42,346 39,899
Current liabilities of discontinued operations 185 383
Total current liabilities 72,289 70,016
Deferred income tax liabilities 2,447 2,430
Long-term operating lease liabilities 1,214 1,375
Asset retirement obligations 2,803 2,759
Other long-term liabilities 303 26
Total liabilities 79,056 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 September 30, 2026 and December 31, 2025, respectively 481 483
Additional paid-in capital 540,848 540,841
Accumulated deficit (274,493) (279,046)
Accumulated other comprehensive loss (4,269) (3,990)
Total equity 262,567 258,288
Total liabilities and equity $ 341,623 $ 334,894