Accounts Payable and Accrued Expenses

3 Months Ended

Mar. 31, 2026

Accounts Payable and Accrued Expenses [Abstract]

Accounts Payable and Accrued Expenses

Note 8 – Accounts Payable and Accrued Expenses

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

	March 31, 2026		December 31, 2025
	(In thousands)
Accounts payable related to capital expenditures	$	47,252	$	26,692
Accrued capital expenditures		9,644		6,021
Accounts payable related to operating expenses		22,161		19,136
Accrued operating expenses		4,154		3,796
Incentive compensation		5,963		6,153
Accrued hedge settlement payable and interest		12,141		422
Other (1)		3,327		572
Accounts payable and accrued expenses	$	104,642	$	62,792

⁽¹⁾ As of March 31, 2026, other accrued expenses primarily relates to a $3.0 million fee due to the Series F Preferred Stockholder for the amendment of the Series F Preferred Securities Purchase Agreement, which was payable on April 7, 2026. However, as discussed in Note 18 – Subsequent Events, the Series F Preferred Stockholder waived the $3.0 million fee as part of the partial redemption of the Series F Preferred Stock on April 9, 2026.