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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash, cash equivalents and restricted cash $ 420,642 $ 241,293
Accounts receivable, net of allowance for credit losses of $14,469 and $15,047 at December 31, 2025 and 2024, respectively 723,277 763,806
Inventory 160,280 167,023
Other current assets 113,892 123,193
Total current assets 1,418,091 1,295,315
Property and equipment, net 2,711,037 3,010,342
Operating lease right of use asset 42,982 44,385
Finance lease right of use asset 14,932 27,018
Goodwill 487,388 487,388
Intangible assets, net 814,810 929,610
Deposits on equipment purchases 11,757 15,699
Other assets 69,469 23,709
Total assets 5,570,466 5,833,466
Current liabilities:    
Accounts payable 470,782 421,318
Accrued liabilities 366,488 385,751
Operating lease liability 18,652 13,322
Finance lease liability 7,720 15,214
Current maturities of long-term debt 0 6,388
Total current liabilities 863,642 841,993
Long-term operating lease liability 27,607 34,305
Long-term finance lease liability 5,453 10,216
Long-term debt, net of debt discount and issuance costs of $6,362 and $7,637 at December 31, 2025 and 2024, respectively 1,221,038 1,219,770
Deferred tax liabilities, net 215,818 238,097
Other liabilities 12,193 13,241
Total liabilities 2,345,751 2,357,622
Commitments and contingencies (see Note 10)
Stockholders’ equity:    
Preferred stock, par value $0.01; authorized 1,000,000 shares, no shares issued 0 0
Common stock, par value $0.01; authorized 800,000,000 and 800,000,000 shares with 523,736,898 and 520,784,783 issued and 379,301,646 and 387,344,755 outstanding at December 31, 2025 and 2024, respectively 5,236 5,206
Additional paid-in capital 6,492,862 6,453,606
Retained earnings (deficit) (1,257,691) (1,039,338)
Accumulated other comprehensive income (loss) (1,155) (2,584)
Treasury stock, at cost, 144,435,252 shares and 133,440,028 shares at December 31, 2025 and 2024, respectively (2,020,714) (1,951,067)
Total stockholders’ equity attributable to controlling interests 3,218,538 3,465,823
Noncontrolling interest 6,177 10,021
Total equity 3,224,715 3,475,844
Total liabilities and stockholders’ equity $ 5,570,466 $ 5,833,466