Acquisitions (Tables)

12 Months Ended

Dec. 31, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Business Combination

The allocation of the purchase price was based upon management’s valuation of the fair values of tangible and intangible assets acquired and liabilities assumed in the acquisition of Horizon, with the excess recorded as goodwill.

(in thousands)	Amount
Current and other assets	$	11,795
Property, plant and equipment	380,101
Goodwill	63,811
Intangible assets	14,249
Operating lease right-of-use assets	7,792
Other long-term assets	1,843
Total assets acquired	479,591
Current liabilities	16,164
Deferred tax liabilities	25,427
Non-current operating lease liabilities	4,706
Government grant liabilities	7,122
Other long-term liabilities	9,978
Total liabilities assumed	63,397
Net assets acquired	$	416,194

Schedule of Business Acquisition, Pro Forma Information

The unaudited pro forma results of the Company, as if the acquisition of Horizon had occurred on January 1, 2023, were as follows:

(in thousands)	2024		2023
Operating revenues	$	343,928	$	334,727
Loss before income taxes	$	(42,964)	$	(16,279)