| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $393M | — | — | — | — |
| Op. Income | $174M | — | — | — | — |
| Gross Margin | 46.8% | — | — | — | — |
| Net Margin | -19.6% | — | — | — | — |
| EPS (Diluted) | $-0.52 | — | — | — | — |
| Free Cash Flow | -$2.1B | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $393M |
| Cost of Revenue | $209M |
| GROSS PROFIT | $184M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $219M |
| OPERATING INCOME | $174M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$397M |
| INCOME BEFORE TAX | -$223M |
| Income Tax Expense | -$26M |
| Net Income from Continuing Ops | -$197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$77M |
| D&A | $182M |
| EBIT | -$191M |
| EBITDA | -$9M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$77M |
| Depreciation & Amortization | $182M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$36M |
| Other Non-Cash Items | $271M |
| Change in Working Capital | -$59M |
| OPERATING CASH FLOW | $281M |
| Capital Expenditure | -$2.4B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.3B |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $1.5B |
| Common Stock Repurchased | -$90M |
| Common Dividends Paid | -$69M |
| Other Financing Activities | -$118M |
| NET CASH FROM FINANCING | $1.2B |
| FREE CASH FLOW | -$2.1B |
| Net Change in Cash | $415M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $443M |
| Short-Term Investments | $0 |
| Net Receivables | $386M |
| Inventory | $0 |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $887M |
| PP&E (Net) | $12.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $12.8B |
| TOTAL ASSETS | $13.7B |
| Account Payables | $0 |
| Short-Term Debt | $380M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $91M |
| TOTAL CURRENT LIABILITIES | $472M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $18M |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $4.7B |
| Retained Earnings | -$76M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $6.3B |
| TOTAL EQUITY | $10.9B |
| TOTAL LIABILITIES & EQUITY | $13.7B |
| Total Debt | $2.6B |
| Net Debt | $2.2B |
