v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 49,913 $ 27,088
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 19,963 18,041
Share-based compensation 2,994 1,472
Other adjustments 972 144
Changes in working capital:    
Accounts receivable 6,114 23,575
Inventories (3,931) (3,790)
Prepaid expenses and other current assets 1,015 (677)
Accounts payable (2,962) (464)
Deferred revenue (997) (15,481)
Other current liabilities 2,694 5,483
Net cash provided by operating activities 75,775 55,391
Cash flows from investing activities:    
Capital expenditures (17,046) (9,871)
Return of equity method investment 4,211 4,024
Other investing activities 0 40
Net cash used in investing activities (12,835) (5,807)
Cash flows from financing activities:    
Cash distributions to common unitholders (3,911) (18,497)
Principal payments of finance leases (186) (169)
Net cash used in financing activities (4,097) (18,666)
Net increase in cash and cash equivalents 58,843 30,918
Cash and cash equivalents, beginning of period 69,243 90,857
Cash and cash equivalents, end of period 128,086 121,775
Related Party    
Cash flows from financing activities:    
Cash distributions to common unitholders (1,541) (6,811)
Nonrelated Party    
Cash flows from financing activities:    
Cash distributions to common unitholders $ (2,370) $ (11,686)