Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Operating Leases Right of Use Asset and Lease Liability

The following table presents the components of the Company’s operating leases on its consolidated balance sheets for the years indicated:

	December 31, 2025		December 31, 2024
	(In thousands)
Office space	$	1,737	$	1,083
Vehicles		281		240
Equipment (1)		948		—
Total right–of–use asset	$	2,966	$	1,323
Office space	$	1,870	$	1,141
Vehicles		274		225
Equipment (1)		948		—
Total lease liability	$	3,092	$	1,366

⁽¹⁾ For the year ended December 31, 2025, operating leases for equipment primarily includes compressor rentals used in the Company’s daily operations.

Weighted-average Remaining Lease Terms and Discount Rates

The Company’s weighted–average remaining lease terms and discount rates are as follows for the years indicated:

	Year Ended December 31,
	2025			2024
Weighted–average lease term (years)		2.5			4.0
Weighted–average discount rate		10.1	%		10.2	%

Components Lease Costs

The following table presents the components of the Company’s lease costs during the years presented:

	Year Ended December 31,
	2025		2024
	(In thousands)
Operating lease cost	$	1,085	$	231
Short–term lease cost (1)		—		25
Variable lease cost (2)		285		14
Total lease cost	$	1,370	$	270

⁽¹⁾ One of the Company’s office space operating leases, which expired in September 2024, had an initial lease term of less than 12 months and was considered a short–term lease. The Company does not capitalize short–term leases, instead the costs are expensed as they are incurred.

⁽²⁾ Variable lease costs include operating costs, such as parking and property taxes, associated with the Company’s office leases. The Company expenses variable lease costs as they are incurred.

Future Commitments of Operating Lease Liabilities

As of December 31, 2025, the Company’s future lease commitments by year consisted of the following:

	(In thousands)
January 1, 2026 through December 31, 2026	$	1,549
January 1, 2027 through December 31, 2027		1,090
January 1, 2028 through December 31, 2028		623
January 1, 2029 through December 31, 2029		227
January 1, 2030 through December 31, 2030		57
Total lease payments		3,546
Less: imputed interest		(454	)
Total lease liability	$	3,092

Supplemental Cash Flow Related to Operating Leases

The Company’s supplemental cash flow disclosures related to operating leases are presented below for the years indicated:

	Year Ended December 31,
	2025		2024
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities – operating cash flows from operating leases	$	992	$	220
Right–of–use assets obtained in exchange for operating liabilities	$	2,863	$	1,378