Accounts Payable and Accrued Expenses

9 Months Ended

Sep. 30, 2025

Accounts Payable and Accrued Expenses [Abstract]

Accounts Payable and Accrued Expenses

Note 9 – Accounts Payable and Accrued Expenses

The Company’s accounts payable and accrued expenses consist of the following for the periods presented:

	September 30, 2025		December 31, 2024
	(In thousands)
Accounts payable related to capital expenditures	$	23,718	$	8,506
Accrued capital expenditures		16,362		14,136
Accounts payable related to operating and general & administrative expenses		17,395		10,779
Accrued operating expenses		9,982		435
Accrued transaction and financing costs (1)		6,361		423
Incentive compensation		4,897		2,571
Accrued interest		998		325
Other		2,239		1,050
Accounts payable and accrued expenses	$	81,952	$	38,225

⁽¹⁾ Accrued transaction and financing costs as of September 30, 2025 are comprised of the remaining costs incurred to close the Bayswater Acquisition during the first quarter. The Company paid these costs upon receiving the final settlement payment from Bayswater on October 15, 2025. Refer to Note 3 – Acquisitions for a discussion of the Bayswater Acquisition.