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What changed: r3 to r4

Completed consolidated service and power-funding model with gross capex, leases, TRA and zero-coupon note context.

Retrieval clocks and internal hashes are excluded. Changed source or accounting definitions are not automatically an economic restatement. The authored reason describes the destination revision.

FieldBeforeAfter
/business/descriptionOur Company The Company, together with its subsidiaries, is a leading integrated energy services and technology company, and one of the largest providers of innovative completions services and related technologies to onshore oil, natural gas, and enhanced geothermal exploration and production (“E&P”) companies. We offer customers completions services, which include hydraulic fracturing together with complementary services including wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas (“CNG”) delivery, data analytics, related goods (including our sand mine operations), and technologies to facilitate lower emission completions, thereby helping our customers reduce their emissions profile. Our areas of operations are in all of the most active shale basins in North America, including the Permian Basin, the Williston Basin, the Haynesville Shale, the Eagle Ford Shale, the Denver-Julesburg Basin (the “DJ Basin”), the Western Canadian Sedimentary Basin, the Powder River Basin, and the Appalachian Basin (Marcellus Shale and Utica Shale)..Liberty supplies hydraulic-fracturing services and related technology to North American producers, and is developing distributed power through Liberty Power Innovations. It reports one consolidated segment. Frac utilization, service pricing and operating efficiency generate the current cash base; power engines, deposits and construction require capital well before new data-center projects begin contributing.
/business/drivers/0We offer customers completions services, which include hydraulic fracturing together with complementary services including wireline services, proppant.Consolidated activity, pricing and contribution margins
/business/drivers/1The breadth of our operational footprint provides us an opportunity to leverage our fixed costs and to efficiently reposition our equipment in response to.Power-equipment payment milestones and contracted deployments
/business/drivers/2Once our customer has flushed the fracturing fluids from the well using a controlled flow-back process, the customer manages fluid and water recycling or.Gross cash capex, leases and financing ahead of common owners
/estimates/basisnot yet estimatedDesk base scenario from the operating model; not consensus. Revenue basis: Consolidated revenue ($M).
/estimates/rows/2026Q3/as_ofNone2026-09-19
/estimates/rows/2026Q3/basisNoneDesk base scenario. Revenue basis: Consolidated revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.
/estimates/rows/2026Q3/classNoneestimate
/estimates/rows/2026Q3/periodNone2026Q3
/estimates/rows/2026Q3/revenueNone1248501238.4
/estimates/rows/2026Q4/as_ofNone2026-09-19
/estimates/rows/2026Q4/basisNoneDesk base scenario. Revenue basis: Consolidated revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.
/estimates/rows/2026Q4/classNoneestimate
/estimates/rows/2026Q4/periodNone2026Q4
/estimates/rows/2026Q4/revenueNone1176472320.8
/estimates/rows/2027Q1/as_ofNone2026-09-19
/estimates/rows/2027Q1/basisNoneDesk base scenario. Revenue basis: Consolidated revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.
/estimates/rows/2027Q1/classNoneestimate
/estimates/rows/2027Q1/periodNone2027Q1
/estimates/rows/2027Q1/revenueNone1236496418.8
/estimates/rows/2027Q2/as_ofNone2026-09-19
/estimates/rows/2027Q2/basisNoneDesk base scenario. Revenue basis: Consolidated revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.
/estimates/rows/2027Q2/classNoneestimate
/estimates/rows/2027Q2/periodNone2027Q2
/estimates/rows/2027Q2/revenueNone1284515697.2
/meta/as_of2026-09-182026-09-19
/meta/business_authoredFalseTrue
/meta/extract_accession0001694028-26-000006None
/meta/extract_filed2026-02-02None
/meta/extract_form10-KNone
/meta/extract_sourcefilingauthored
/meta/extract_urlhttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000006/lbrt-20251231.htmNone
/meta/research_reviewed_atNone2026-09-19
/meta/research_stageNoneoperating_scenarios
/meta/revision34
/meta/skeletonTrueFalse
/operating_model/cells/base_2026q3_activity:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_activity:base/caseNonebase
/operating_model/cells/base_2026q3_activity:base/idNonebase_2026q3_activity
/operating_model/cells/base_2026q3_activity:base/kindNoneassumption
/operating_model/cells/base_2026q3_activity:base/labelNoneActivity versus Q2
/operating_model/cells/base_2026q3_activity:base/periodNone2026Q3
/operating_model/cells/base_2026q3_activity:base/unitNoneratio
/operating_model/cells/base_2026q3_activity:base/valueNone1.04
/operating_model/cells/base_2026q3_adj_ebitda:base/basisNoneExcludes equity compensation, D&A and modeled nonrecurring transaction costs; ordinary operating costs remain.
/operating_model/cells/base_2026q3_adj_ebitda:base/caseNonebase
/operating_model/cells/base_2026q3_adj_ebitda:base/formula/opNonesubtract
/operating_model/cells/base_2026q3_adj_ebitda:base/formula/refs/0Nonebase_2026q3_contribution
/operating_model/cells/base_2026q3_adj_ebitda:base/formula/refs/1Nonebase_2026q3_cash_overhead
/operating_model/cells/base_2026q3_adj_ebitda:base/idNonebase_2026q3_adj_ebitda
/operating_model/cells/base_2026q3_adj_ebitda:base/kindNonederived
/operating_model/cells/base_2026q3_adj_ebitda:base/labelNoneAdjusted EBITDA proxy
/operating_model/cells/base_2026q3_adj_ebitda:base/periodNone2026Q3
/operating_model/cells/base_2026q3_adj_ebitda:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_adj_ebitda:base/valueNone167.73022291200002
/operating_model/cells/base_2026q3_awards:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_awards:base/caseNonebase
/operating_model/cells/base_2026q3_awards:base/idNonebase_2026q3_awards
/operating_model/cells/base_2026q3_awards:base/kindNoneassumption
/operating_model/cells/base_2026q3_awards:base/labelNoneEmployee award withholding
/operating_model/cells/base_2026q3_awards:base/periodNone2026Q3
/operating_model/cells/base_2026q3_awards:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_awards:base/valueNone3.0
/operating_model/cells/base_2026q3_capex:base/basisNoneIncludes deposits once; not an additional deduction after capex.
/operating_model/cells/base_2026q3_capex:base/caseNonebase
/operating_model/cells/base_2026q3_capex:base/formula/opNonesum
/operating_model/cells/base_2026q3_capex:base/formula/refs/0Nonebase_2026q3_maintenance_capex
/operating_model/cells/base_2026q3_capex:base/formula/refs/1Nonebase_2026q3_power_capex
/operating_model/cells/base_2026q3_capex:base/idNonebase_2026q3_capex
/operating_model/cells/base_2026q3_capex:base/kindNonederived
/operating_model/cells/base_2026q3_capex:base/labelNoneGross cash PP&E and deposits
/operating_model/cells/base_2026q3_capex:base/periodNone2026Q3
/operating_model/cells/base_2026q3_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_capex:base/valueNone260.0
/operating_model/cells/base_2026q3_cash_after_claims:base/basisNoneBefore new financing, acquisitions, optional buybacks and asset-sale proceeds.
/operating_model/cells/base_2026q3_cash_after_claims:base/caseNonebase
/operating_model/cells/base_2026q3_cash_after_claims:base/formula/opNonesubtract
/operating_model/cells/base_2026q3_cash_after_claims:base/formula/refs/0Nonebase_2026q3_fcf
/operating_model/cells/base_2026q3_cash_after_claims:base/formula/refs/1Nonebase_2026q3_claims
/operating_model/cells/base_2026q3_cash_after_claims:base/idNonebase_2026q3_cash_after_claims
/operating_model/cells/base_2026q3_cash_after_claims:base/kindNonederived
/operating_model/cells/base_2026q3_cash_after_claims:base/labelNoneCash after investment and capital claims
/operating_model/cells/base_2026q3_cash_after_claims:base/periodNone2026Q3
/operating_model/cells/base_2026q3_cash_after_claims:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_cash_after_claims:base/valueNone-202.85027708799998
/operating_model/cells/base_2026q3_cash_interest:base/basisNoneSmall-loan and finance-lease interest, less cash yield; convertible notes have no regular coupon.
/operating_model/cells/base_2026q3_cash_interest:base/caseNonebase
/operating_model/cells/base_2026q3_cash_interest:base/idNonebase_2026q3_cash_interest
/operating_model/cells/base_2026q3_cash_interest:base/kindNoneassumption
/operating_model/cells/base_2026q3_cash_interest:base/labelNoneCash interest net of investment income
/operating_model/cells/base_2026q3_cash_interest:base/periodNone2026Q3
/operating_model/cells/base_2026q3_cash_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_cash_interest:base/valueNone5.0
/operating_model/cells/base_2026q3_cash_overhead:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_cash_overhead:base/caseNonebase
/operating_model/cells/base_2026q3_cash_overhead:base/idNonebase_2026q3_cash_overhead
/operating_model/cells/base_2026q3_cash_overhead:base/kindNoneassumption
/operating_model/cells/base_2026q3_cash_overhead:base/labelNoneG&A excluding stock compensation
/operating_model/cells/base_2026q3_cash_overhead:base/periodNone2026Q3
/operating_model/cells/base_2026q3_cash_overhead:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_cash_overhead:base/valueNone57.0
/operating_model/cells/base_2026q3_cash_tax:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_cash_tax:base/caseNonebase
/operating_model/cells/base_2026q3_cash_tax:base/idNonebase_2026q3_cash_tax
/operating_model/cells/base_2026q3_cash_tax:base/kindNoneassumption
/operating_model/cells/base_2026q3_cash_tax:base/labelNoneCash income taxes
/operating_model/cells/base_2026q3_cash_tax:base/periodNone2026Q3
/operating_model/cells/base_2026q3_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_cash_tax:base/valueNone12.0
/operating_model/cells/base_2026q3_cfo:base/basisNoneDoes not repeat noncash investment marks as cash generation.
/operating_model/cells/base_2026q3_cfo:base/caseNonebase
/operating_model/cells/base_2026q3_cfo:base/formula/opNonesubtract
/operating_model/cells/base_2026q3_cfo:base/formula/refs/0Nonebase_2026q3_adj_ebitda
/operating_model/cells/base_2026q3_cfo:base/formula/refs/1Nonebase_2026q3_cfo_uses
/operating_model/cells/base_2026q3_cfo:base/idNonebase_2026q3_cfo
/operating_model/cells/base_2026q3_cfo:base/kindNonederived
/operating_model/cells/base_2026q3_cfo:base/labelNoneOperating cash flow proxy
/operating_model/cells/base_2026q3_cfo:base/periodNone2026Q3
/operating_model/cells/base_2026q3_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_cfo:base/valueNone117.73022291200002
/operating_model/cells/base_2026q3_cfo_uses:base/basisNoneLease principal and TRA remain below CFO; transaction costs remain cash uses.
/operating_model/cells/base_2026q3_cfo_uses:base/caseNonebase
/operating_model/cells/base_2026q3_cfo_uses:base/formula/opNonesum
/operating_model/cells/base_2026q3_cfo_uses:base/formula/refs/0Nonebase_2026q3_cash_interest
/operating_model/cells/base_2026q3_cfo_uses:base/formula/refs/1Nonebase_2026q3_cash_tax
/operating_model/cells/base_2026q3_cfo_uses:base/formula/refs/2Nonebase_2026q3_wc_use
/operating_model/cells/base_2026q3_cfo_uses:base/formula/refs/3Nonebase_2026q3_transaction
/operating_model/cells/base_2026q3_cfo_uses:base/idNonebase_2026q3_cfo_uses
/operating_model/cells/base_2026q3_cfo_uses:base/kindNonederived
/operating_model/cells/base_2026q3_cfo_uses:base/labelNoneCash interest taxes working capital and transaction costs
/operating_model/cells/base_2026q3_cfo_uses:base/periodNone2026Q3
/operating_model/cells/base_2026q3_cfo_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_cfo_uses:base/valueNone50.0
/operating_model/cells/base_2026q3_claims:base/basisNoneFinancing/equity-investment outflows; no new borrowing included.
/operating_model/cells/base_2026q3_claims:base/caseNonebase
/operating_model/cells/base_2026q3_claims:base/formula/opNonesum
/operating_model/cells/base_2026q3_claims:base/formula/refs/0Nonebase_2026q3_lease_principal
/operating_model/cells/base_2026q3_claims:base/formula/refs/1Nonebase_2026q3_tra
/operating_model/cells/base_2026q3_claims:base/formula/refs/2Nonebase_2026q3_dividends
/operating_model/cells/base_2026q3_claims:base/formula/refs/3Nonebase_2026q3_debt_principal
/operating_model/cells/base_2026q3_claims:base/formula/refs/4Nonebase_2026q3_awards
/operating_model/cells/base_2026q3_claims:base/formula/refs/5Nonebase_2026q3_investments
/operating_model/cells/base_2026q3_claims:base/idNonebase_2026q3_claims
/operating_model/cells/base_2026q3_claims:base/kindNonederived
/operating_model/cells/base_2026q3_claims:base/labelNoneAdditional cash uses
/operating_model/cells/base_2026q3_claims:base/periodNone2026Q3
/operating_model/cells/base_2026q3_claims:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_claims:base/valueNone60.5805
/operating_model/cells/base_2026q3_contribution:base/basisNoneCompany does not report these as separate historical segments.
/operating_model/cells/base_2026q3_contribution:base/caseNonebase
/operating_model/cells/base_2026q3_contribution:base/formula/opNonesum
/operating_model/cells/base_2026q3_contribution:base/formula/refs/0Nonebase_2026q3_existing_contribution
/operating_model/cells/base_2026q3_contribution:base/formula/refs/1Nonebase_2026q3_power_contribution
/operating_model/cells/base_2026q3_contribution:base/idNonebase_2026q3_contribution
/operating_model/cells/base_2026q3_contribution:base/kindNonederived
/operating_model/cells/base_2026q3_contribution:base/labelNoneService contribution before overhead and D&A
/operating_model/cells/base_2026q3_contribution:base/periodNone2026Q3
/operating_model/cells/base_2026q3_contribution:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_contribution:base/valueNone224.73022291200002
/operating_model/cells/base_2026q3_da:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_da:base/caseNonebase
/operating_model/cells/base_2026q3_da:base/idNonebase_2026q3_da
/operating_model/cells/base_2026q3_da:base/kindNoneassumption
/operating_model/cells/base_2026q3_da:base/labelNoneDepreciation depletion and amortization
/operating_model/cells/base_2026q3_da:base/periodNone2026Q3
/operating_model/cells/base_2026q3_da:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_da:base/valueNone116.0
/operating_model/cells/base_2026q3_debt_principal:base/basisNoneRemainder 2026 $4.961M and 2027 $11.906M disclosed debt maturities, evenly allocated.
/operating_model/cells/base_2026q3_debt_principal:base/caseNonebase
/operating_model/cells/base_2026q3_debt_principal:base/idNonebase_2026q3_debt_principal
/operating_model/cells/base_2026q3_debt_principal:base/kindNoneassumption
/operating_model/cells/base_2026q3_debt_principal:base/labelNoneSmall-loan principal
/operating_model/cells/base_2026q3_debt_principal:base/periodNone2026Q3
/operating_model/cells/base_2026q3_debt_principal:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_debt_principal:base/valueNone2.4805
/operating_model/cells/base_2026q3_dividends:base/basisNoneApproximately $0.09 per share quarterly, including allowance for award equivalents; future board declarations required.
/operating_model/cells/base_2026q3_dividends:base/caseNonebase
/operating_model/cells/base_2026q3_dividends:base/idNonebase_2026q3_dividends
/operating_model/cells/base_2026q3_dividends:base/kindNoneassumption
/operating_model/cells/base_2026q3_dividends:base/labelNoneCommon dividends and equivalents
/operating_model/cells/base_2026q3_dividends:base/periodNone2026Q3
/operating_model/cells/base_2026q3_dividends:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_dividends:base/valueNone15.1
/operating_model/cells/base_2026q3_existing_contribution:base/basisNoneCost of services excludes D&A.
/operating_model/cells/base_2026q3_existing_contribution:base/caseNonebase
/operating_model/cells/base_2026q3_existing_contribution:base/formula/opNonemultiply
/operating_model/cells/base_2026q3_existing_contribution:base/formula/refs/0Nonebase_2026q3_existing_revenue
/operating_model/cells/base_2026q3_existing_contribution:base/formula/refs/1Nonebase_2026q3_service_margin
/operating_model/cells/base_2026q3_existing_contribution:base/idNonebase_2026q3_existing_contribution
/operating_model/cells/base_2026q3_existing_contribution:base/kindNonederived
/operating_model/cells/base_2026q3_existing_contribution:base/labelNoneExisting-business contribution
/operating_model/cells/base_2026q3_existing_contribution:base/periodNone2026Q3
/operating_model/cells/base_2026q3_existing_contribution:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_existing_contribution:base/valueNone224.73022291200002
/operating_model/cells/base_2026q3_existing_revenue:base/basisNoneConsolidated anchor already includes existing power-related activity.
/operating_model/cells/base_2026q3_existing_revenue:base/caseNonebase
/operating_model/cells/base_2026q3_existing_revenue:base/formula/opNonemultiply
/operating_model/cells/base_2026q3_existing_revenue:base/formula/refs/0Noneq2_revenue
/operating_model/cells/base_2026q3_existing_revenue:base/formula/refs/1Nonebase_2026q3_activity
/operating_model/cells/base_2026q3_existing_revenue:base/formula/refs/2Nonebase_2026q3_price
/operating_model/cells/base_2026q3_existing_revenue:base/idNonebase_2026q3_existing_revenue
/operating_model/cells/base_2026q3_existing_revenue:base/kindNonederived
/operating_model/cells/base_2026q3_existing_revenue:base/labelNoneExisting business revenue
/operating_model/cells/base_2026q3_existing_revenue:base/periodNone2026Q3
/operating_model/cells/base_2026q3_existing_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_existing_revenue:base/valueNone1248.5012384000001
/operating_model/cells/base_2026q3_fcf:base/basisNoneNo disposal proceeds netted against cash PP&E.
/operating_model/cells/base_2026q3_fcf:base/caseNonebase
/operating_model/cells/base_2026q3_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2026q3_fcf:base/formula/refs/0Nonebase_2026q3_cfo
/operating_model/cells/base_2026q3_fcf:base/formula/refs/1Nonebase_2026q3_capex
/operating_model/cells/base_2026q3_fcf:base/idNonebase_2026q3_fcf
/operating_model/cells/base_2026q3_fcf:base/kindNonederived
/operating_model/cells/base_2026q3_fcf:base/labelNoneCFO less gross PP&E
/operating_model/cells/base_2026q3_fcf:base/periodNone2026Q3
/operating_model/cells/base_2026q3_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_fcf:base/valueNone-142.26977708799998
/operating_model/cells/base_2026q3_gaap_deductions:base/basisNoneNo investment fair-value gains in operating earnings.
/operating_model/cells/base_2026q3_gaap_deductions:base/caseNonebase
/operating_model/cells/base_2026q3_gaap_deductions:base/formula/opNonesum
/operating_model/cells/base_2026q3_gaap_deductions:base/formula/refs/0Nonebase_2026q3_sbc
/operating_model/cells/base_2026q3_gaap_deductions:base/formula/refs/1Nonebase_2026q3_da
/operating_model/cells/base_2026q3_gaap_deductions:base/formula/refs/2Nonebase_2026q3_transaction
/operating_model/cells/base_2026q3_gaap_deductions:base/idNonebase_2026q3_gaap_deductions
/operating_model/cells/base_2026q3_gaap_deductions:base/kindNonederived
/operating_model/cells/base_2026q3_gaap_deductions:base/labelNoneD&A, equity expense and transaction costs
/operating_model/cells/base_2026q3_gaap_deductions:base/periodNone2026Q3
/operating_model/cells/base_2026q3_gaap_deductions:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_gaap_deductions:base/valueNone129.0
/operating_model/cells/base_2026q3_investments:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_investments:base/caseNonebase
/operating_model/cells/base_2026q3_investments:base/idNonebase_2026q3_investments
/operating_model/cells/base_2026q3_investments:base/kindNoneassumption
/operating_model/cells/base_2026q3_investments:base/labelNoneEquity investment purchases
/operating_model/cells/base_2026q3_investments:base/periodNone2026Q3
/operating_model/cells/base_2026q3_investments:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_investments:base/valueNone5.0
/operating_model/cells/base_2026q3_lease_principal:base/basisNoneDesk allocation informed by remaining 2026 gross lease payments $79.705M and 2027 $87.432M, including interest. Interest is separately in CFO.
/operating_model/cells/base_2026q3_lease_principal:base/caseNonebase
/operating_model/cells/base_2026q3_lease_principal:base/idNonebase_2026q3_lease_principal
/operating_model/cells/base_2026q3_lease_principal:base/kindNoneassumption
/operating_model/cells/base_2026q3_lease_principal:base/labelNoneFinance-lease principal
/operating_model/cells/base_2026q3_lease_principal:base/periodNone2026Q3
/operating_model/cells/base_2026q3_lease_principal:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_lease_principal:base/valueNone35.0
/operating_model/cells/base_2026q3_maintenance_capex:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_maintenance_capex:base/caseNonebase
/operating_model/cells/base_2026q3_maintenance_capex:base/idNonebase_2026q3_maintenance_capex
/operating_model/cells/base_2026q3_maintenance_capex:base/kindNoneassumption
/operating_model/cells/base_2026q3_maintenance_capex:base/labelNoneExisting fleet and other PP&E cash
/operating_model/cells/base_2026q3_maintenance_capex:base/periodNone2026Q3
/operating_model/cells/base_2026q3_maintenance_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_maintenance_capex:base/valueNone115.0
/operating_model/cells/base_2026q3_new_power:base/basisNoneDesk revenue sensitivity only; no customer contract revenue per MW was disclosed for PowerBridge.
/operating_model/cells/base_2026q3_new_power:base/caseNonebase
/operating_model/cells/base_2026q3_new_power:base/idNonebase_2026q3_new_power
/operating_model/cells/base_2026q3_new_power:base/kindNoneassumption
/operating_model/cells/base_2026q3_new_power:base/labelNoneIncremental new-project power revenue
/operating_model/cells/base_2026q3_new_power:base/periodNone2026Q3
/operating_model/cells/base_2026q3_new_power:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_new_power:base/valueNone0.0
/operating_model/cells/base_2026q3_operating_income:base/basisNoneAssumes no net disposal gain/loss or impairment; separate downside risks.
/operating_model/cells/base_2026q3_operating_income:base/caseNonebase
/operating_model/cells/base_2026q3_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2026q3_operating_income:base/formula/refs/0Nonebase_2026q3_adj_ebitda
/operating_model/cells/base_2026q3_operating_income:base/formula/refs/1Nonebase_2026q3_gaap_deductions
/operating_model/cells/base_2026q3_operating_income:base/idNonebase_2026q3_operating_income
/operating_model/cells/base_2026q3_operating_income:base/kindNonederived
/operating_model/cells/base_2026q3_operating_income:base/labelNoneGAAP operating income proxy
/operating_model/cells/base_2026q3_operating_income:base/periodNone2026Q3
/operating_model/cells/base_2026q3_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_operating_income:base/valueNone38.730222912000016
/operating_model/cells/base_2026q3_power_capex:base/basisNoneScenario allocation within aggregate capex; redacted equipment milestones prevent an exact contractual schedule.
/operating_model/cells/base_2026q3_power_capex:base/caseNonebase
/operating_model/cells/base_2026q3_power_capex:base/idNonebase_2026q3_power_capex
/operating_model/cells/base_2026q3_power_capex:base/kindNoneassumption
/operating_model/cells/base_2026q3_power_capex:base/labelNonePower engines deposits and buildout cash
/operating_model/cells/base_2026q3_power_capex:base/periodNone2026Q3
/operating_model/cells/base_2026q3_power_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_power_capex:base/valueNone145.0
/operating_model/cells/base_2026q3_power_contribution:base/basisNoneIncremental modeled operations only.
/operating_model/cells/base_2026q3_power_contribution:base/caseNonebase
/operating_model/cells/base_2026q3_power_contribution:base/formula/opNonemultiply
/operating_model/cells/base_2026q3_power_contribution:base/formula/refs/0Nonebase_2026q3_new_power
/operating_model/cells/base_2026q3_power_contribution:base/formula/refs/1Nonebase_2026q3_power_margin
/operating_model/cells/base_2026q3_power_contribution:base/idNonebase_2026q3_power_contribution
/operating_model/cells/base_2026q3_power_contribution:base/kindNonederived
/operating_model/cells/base_2026q3_power_contribution:base/labelNoneNew power contribution
/operating_model/cells/base_2026q3_power_contribution:base/periodNone2026Q3
/operating_model/cells/base_2026q3_power_contribution:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_power_contribution:base/valueNone0.0
/operating_model/cells/base_2026q3_power_margin:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_power_margin:base/caseNonebase
/operating_model/cells/base_2026q3_power_margin:base/idNonebase_2026q3_power_margin
/operating_model/cells/base_2026q3_power_margin:base/kindNoneassumption
/operating_model/cells/base_2026q3_power_margin:base/labelNoneIncremental power contribution margin
/operating_model/cells/base_2026q3_power_margin:base/periodNone2026Q3
/operating_model/cells/base_2026q3_power_margin:base/unitNoneratio
/operating_model/cells/base_2026q3_power_margin:base/valueNone0.28
/operating_model/cells/base_2026q3_price:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_price:base/caseNonebase
/operating_model/cells/base_2026q3_price:base/idNonebase_2026q3_price
/operating_model/cells/base_2026q3_price:base/kindNoneassumption
/operating_model/cells/base_2026q3_price:base/labelNonePricing/mix versus Q2
/operating_model/cells/base_2026q3_price:base/periodNone2026Q3
/operating_model/cells/base_2026q3_price:base/unitNoneratio
/operating_model/cells/base_2026q3_price:base/valueNone1.01
/operating_model/cells/base_2026q3_revenue:base/basisNoneNo revenue from buying engines or announcing capacity.
/operating_model/cells/base_2026q3_revenue:base/caseNonebase
/operating_model/cells/base_2026q3_revenue:base/formula/opNonesum
/operating_model/cells/base_2026q3_revenue:base/formula/refs/0Nonebase_2026q3_existing_revenue
/operating_model/cells/base_2026q3_revenue:base/formula/refs/1Nonebase_2026q3_new_power
/operating_model/cells/base_2026q3_revenue:base/idNonebase_2026q3_revenue
/operating_model/cells/base_2026q3_revenue:base/kindNonederived
/operating_model/cells/base_2026q3_revenue:base/labelNoneConsolidated revenue
/operating_model/cells/base_2026q3_revenue:base/periodNone2026Q3
/operating_model/cells/base_2026q3_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_revenue:base/valueNone1248.5012384000001
/operating_model/cells/base_2026q3_sbc:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_sbc:base/caseNonebase
/operating_model/cells/base_2026q3_sbc:base/idNonebase_2026q3_sbc
/operating_model/cells/base_2026q3_sbc:base/kindNoneassumption
/operating_model/cells/base_2026q3_sbc:base/labelNoneStock compensation expense
/operating_model/cells/base_2026q3_sbc:base/periodNone2026Q3
/operating_model/cells/base_2026q3_sbc:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_sbc:base/valueNone10.0
/operating_model/cells/base_2026q3_service_margin:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_service_margin:base/caseNonebase
/operating_model/cells/base_2026q3_service_margin:base/idNonebase_2026q3_service_margin
/operating_model/cells/base_2026q3_service_margin:base/kindNoneassumption
/operating_model/cells/base_2026q3_service_margin:base/labelNoneService contribution margin
/operating_model/cells/base_2026q3_service_margin:base/periodNone2026Q3
/operating_model/cells/base_2026q3_service_margin:base/unitNoneratio
/operating_model/cells/base_2026q3_service_margin:base/valueNone0.18
/operating_model/cells/base_2026q3_tra:base/basisNoneDesk cash allowance, not a conclusion that the $66.870M liability is extinguished.
/operating_model/cells/base_2026q3_tra:base/caseNonebase
/operating_model/cells/base_2026q3_tra:base/idNonebase_2026q3_tra
/operating_model/cells/base_2026q3_tra:base/kindNoneassumption
/operating_model/cells/base_2026q3_tra:base/labelNoneTRA cash payment
/operating_model/cells/base_2026q3_tra:base/periodNone2026Q3
/operating_model/cells/base_2026q3_tra:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_tra:base/valueNone0.0
/operating_model/cells/base_2026q3_transaction:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_transaction:base/caseNonebase
/operating_model/cells/base_2026q3_transaction:base/idNonebase_2026q3_transaction
/operating_model/cells/base_2026q3_transaction:base/kindNoneassumption
/operating_model/cells/base_2026q3_transaction:base/labelNoneTransaction and other operating expense
/operating_model/cells/base_2026q3_transaction:base/periodNone2026Q3
/operating_model/cells/base_2026q3_transaction:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_transaction:base/valueNone3.0
/operating_model/cells/base_2026q3_wc_use:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q3_wc_use:base/caseNonebase
/operating_model/cells/base_2026q3_wc_use:base/idNonebase_2026q3_wc_use
/operating_model/cells/base_2026q3_wc_use:base/kindNoneassumption
/operating_model/cells/base_2026q3_wc_use:base/labelNoneNet operating working-capital use
/operating_model/cells/base_2026q3_wc_use:base/periodNone2026Q3
/operating_model/cells/base_2026q3_wc_use:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_wc_use:base/valueNone30.0
/operating_model/cells/base_2026q4_activity:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_activity:base/caseNonebase
/operating_model/cells/base_2026q4_activity:base/idNonebase_2026q4_activity
/operating_model/cells/base_2026q4_activity:base/kindNoneassumption
/operating_model/cells/base_2026q4_activity:base/labelNoneActivity versus Q2
/operating_model/cells/base_2026q4_activity:base/periodNone2026Q4
/operating_model/cells/base_2026q4_activity:base/unitNoneratio
/operating_model/cells/base_2026q4_activity:base/valueNone0.98
/operating_model/cells/base_2026q4_adj_ebitda:base/basisNoneExcludes equity compensation, D&A and modeled nonrecurring transaction costs; ordinary operating costs remain.
/operating_model/cells/base_2026q4_adj_ebitda:base/caseNonebase
/operating_model/cells/base_2026q4_adj_ebitda:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_adj_ebitda:base/formula/refs/0Nonebase_2026q4_contribution
/operating_model/cells/base_2026q4_adj_ebitda:base/formula/refs/1Nonebase_2026q4_cash_overhead
/operating_model/cells/base_2026q4_adj_ebitda:base/idNonebase_2026q4_adj_ebitda
/operating_model/cells/base_2026q4_adj_ebitda:base/kindNonederived
/operating_model/cells/base_2026q4_adj_ebitda:base/labelNoneAdjusted EBITDA proxy
/operating_model/cells/base_2026q4_adj_ebitda:base/periodNone2026Q4
/operating_model/cells/base_2026q4_adj_ebitda:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_adj_ebitda:base/valueNone153.265017744
/operating_model/cells/base_2026q4_awards:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_awards:base/caseNonebase
/operating_model/cells/base_2026q4_awards:base/idNonebase_2026q4_awards
/operating_model/cells/base_2026q4_awards:base/kindNoneassumption
/operating_model/cells/base_2026q4_awards:base/labelNoneEmployee award withholding
/operating_model/cells/base_2026q4_awards:base/periodNone2026Q4
/operating_model/cells/base_2026q4_awards:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_awards:base/valueNone3.0
/operating_model/cells/base_2026q4_capex:base/basisNoneIncludes deposits once; not an additional deduction after capex.
/operating_model/cells/base_2026q4_capex:base/caseNonebase
/operating_model/cells/base_2026q4_capex:base/formula/opNonesum
/operating_model/cells/base_2026q4_capex:base/formula/refs/0Nonebase_2026q4_maintenance_capex
/operating_model/cells/base_2026q4_capex:base/formula/refs/1Nonebase_2026q4_power_capex
/operating_model/cells/base_2026q4_capex:base/idNonebase_2026q4_capex
/operating_model/cells/base_2026q4_capex:base/kindNonederived
/operating_model/cells/base_2026q4_capex:base/labelNoneGross cash PP&E and deposits
/operating_model/cells/base_2026q4_capex:base/periodNone2026Q4
/operating_model/cells/base_2026q4_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_capex:base/valueNone270.0
/operating_model/cells/base_2026q4_cash_after_claims:base/basisNoneBefore new financing, acquisitions, optional buybacks and asset-sale proceeds.
/operating_model/cells/base_2026q4_cash_after_claims:base/caseNonebase
/operating_model/cells/base_2026q4_cash_after_claims:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_cash_after_claims:base/formula/refs/0Nonebase_2026q4_fcf
/operating_model/cells/base_2026q4_cash_after_claims:base/formula/refs/1Nonebase_2026q4_claims
/operating_model/cells/base_2026q4_cash_after_claims:base/idNonebase_2026q4_cash_after_claims
/operating_model/cells/base_2026q4_cash_after_claims:base/kindNonederived
/operating_model/cells/base_2026q4_cash_after_claims:base/labelNoneCash after investment and capital claims
/operating_model/cells/base_2026q4_cash_after_claims:base/periodNone2026Q4
/operating_model/cells/base_2026q4_cash_after_claims:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_cash_after_claims:base/valueNone-194.315482256
/operating_model/cells/base_2026q4_cash_interest:base/basisNoneSmall-loan and finance-lease interest, less cash yield; convertible notes have no regular coupon.
/operating_model/cells/base_2026q4_cash_interest:base/caseNonebase
/operating_model/cells/base_2026q4_cash_interest:base/idNonebase_2026q4_cash_interest
/operating_model/cells/base_2026q4_cash_interest:base/kindNoneassumption
/operating_model/cells/base_2026q4_cash_interest:base/labelNoneCash interest net of investment income
/operating_model/cells/base_2026q4_cash_interest:base/periodNone2026Q4
/operating_model/cells/base_2026q4_cash_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_cash_interest:base/valueNone5.0
/operating_model/cells/base_2026q4_cash_overhead:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_cash_overhead:base/caseNonebase
/operating_model/cells/base_2026q4_cash_overhead:base/idNonebase_2026q4_cash_overhead
/operating_model/cells/base_2026q4_cash_overhead:base/kindNoneassumption
/operating_model/cells/base_2026q4_cash_overhead:base/labelNoneG&A excluding stock compensation
/operating_model/cells/base_2026q4_cash_overhead:base/periodNone2026Q4
/operating_model/cells/base_2026q4_cash_overhead:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_cash_overhead:base/valueNone58.5
/operating_model/cells/base_2026q4_cash_tax:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_cash_tax:base/caseNonebase
/operating_model/cells/base_2026q4_cash_tax:base/idNonebase_2026q4_cash_tax
/operating_model/cells/base_2026q4_cash_tax:base/kindNoneassumption
/operating_model/cells/base_2026q4_cash_tax:base/labelNoneCash income taxes
/operating_model/cells/base_2026q4_cash_tax:base/periodNone2026Q4
/operating_model/cells/base_2026q4_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_cash_tax:base/valueNone14.0
/operating_model/cells/base_2026q4_cfo:base/basisNoneDoes not repeat noncash investment marks as cash generation.
/operating_model/cells/base_2026q4_cfo:base/caseNonebase
/operating_model/cells/base_2026q4_cfo:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_cfo:base/formula/refs/0Nonebase_2026q4_adj_ebitda
/operating_model/cells/base_2026q4_cfo:base/formula/refs/1Nonebase_2026q4_cfo_uses
/operating_model/cells/base_2026q4_cfo:base/idNonebase_2026q4_cfo
/operating_model/cells/base_2026q4_cfo:base/kindNonederived
/operating_model/cells/base_2026q4_cfo:base/labelNoneOperating cash flow proxy
/operating_model/cells/base_2026q4_cfo:base/periodNone2026Q4
/operating_model/cells/base_2026q4_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_cfo:base/valueNone136.265017744
/operating_model/cells/base_2026q4_cfo_uses:base/basisNoneLease principal and TRA remain below CFO; transaction costs remain cash uses.
/operating_model/cells/base_2026q4_cfo_uses:base/caseNonebase
/operating_model/cells/base_2026q4_cfo_uses:base/formula/opNonesum
/operating_model/cells/base_2026q4_cfo_uses:base/formula/refs/0Nonebase_2026q4_cash_interest
/operating_model/cells/base_2026q4_cfo_uses:base/formula/refs/1Nonebase_2026q4_cash_tax
/operating_model/cells/base_2026q4_cfo_uses:base/formula/refs/2Nonebase_2026q4_wc_use
/operating_model/cells/base_2026q4_cfo_uses:base/formula/refs/3Nonebase_2026q4_transaction
/operating_model/cells/base_2026q4_cfo_uses:base/idNonebase_2026q4_cfo_uses
/operating_model/cells/base_2026q4_cfo_uses:base/kindNonederived
/operating_model/cells/base_2026q4_cfo_uses:base/labelNoneCash interest taxes working capital and transaction costs
/operating_model/cells/base_2026q4_cfo_uses:base/periodNone2026Q4
/operating_model/cells/base_2026q4_cfo_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_cfo_uses:base/valueNone17.0
/operating_model/cells/base_2026q4_claims:base/basisNoneFinancing/equity-investment outflows; no new borrowing included.
/operating_model/cells/base_2026q4_claims:base/caseNonebase
/operating_model/cells/base_2026q4_claims:base/formula/opNonesum
/operating_model/cells/base_2026q4_claims:base/formula/refs/0Nonebase_2026q4_lease_principal
/operating_model/cells/base_2026q4_claims:base/formula/refs/1Nonebase_2026q4_tra
/operating_model/cells/base_2026q4_claims:base/formula/refs/2Nonebase_2026q4_dividends
/operating_model/cells/base_2026q4_claims:base/formula/refs/3Nonebase_2026q4_debt_principal
/operating_model/cells/base_2026q4_claims:base/formula/refs/4Nonebase_2026q4_awards
/operating_model/cells/base_2026q4_claims:base/formula/refs/5Nonebase_2026q4_investments
/operating_model/cells/base_2026q4_claims:base/idNonebase_2026q4_claims
/operating_model/cells/base_2026q4_claims:base/kindNonederived
/operating_model/cells/base_2026q4_claims:base/labelNoneAdditional cash uses
/operating_model/cells/base_2026q4_claims:base/periodNone2026Q4
/operating_model/cells/base_2026q4_claims:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_claims:base/valueNone60.5805
/operating_model/cells/base_2026q4_contribution:base/basisNoneCompany does not report these as separate historical segments.
/operating_model/cells/base_2026q4_contribution:base/caseNonebase
/operating_model/cells/base_2026q4_contribution:base/formula/opNonesum
/operating_model/cells/base_2026q4_contribution:base/formula/refs/0Nonebase_2026q4_existing_contribution
/operating_model/cells/base_2026q4_contribution:base/formula/refs/1Nonebase_2026q4_power_contribution
/operating_model/cells/base_2026q4_contribution:base/idNonebase_2026q4_contribution
/operating_model/cells/base_2026q4_contribution:base/kindNonederived
/operating_model/cells/base_2026q4_contribution:base/labelNoneService contribution before overhead and D&A
/operating_model/cells/base_2026q4_contribution:base/periodNone2026Q4
/operating_model/cells/base_2026q4_contribution:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_contribution:base/valueNone211.765017744
/operating_model/cells/base_2026q4_da:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_da:base/caseNonebase
/operating_model/cells/base_2026q4_da:base/idNonebase_2026q4_da
/operating_model/cells/base_2026q4_da:base/kindNoneassumption
/operating_model/cells/base_2026q4_da:base/labelNoneDepreciation depletion and amortization
/operating_model/cells/base_2026q4_da:base/periodNone2026Q4
/operating_model/cells/base_2026q4_da:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_da:base/valueNone119.0
/operating_model/cells/base_2026q4_debt_principal:base/basisNoneRemainder 2026 $4.961M and 2027 $11.906M disclosed debt maturities, evenly allocated.
/operating_model/cells/base_2026q4_debt_principal:base/caseNonebase
/operating_model/cells/base_2026q4_debt_principal:base/idNonebase_2026q4_debt_principal
/operating_model/cells/base_2026q4_debt_principal:base/kindNoneassumption
/operating_model/cells/base_2026q4_debt_principal:base/labelNoneSmall-loan principal
/operating_model/cells/base_2026q4_debt_principal:base/periodNone2026Q4
/operating_model/cells/base_2026q4_debt_principal:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_debt_principal:base/valueNone2.4805
/operating_model/cells/base_2026q4_dividends:base/basisNoneApproximately $0.09 per share quarterly, including allowance for award equivalents; future board declarations required.
/operating_model/cells/base_2026q4_dividends:base/caseNonebase
/operating_model/cells/base_2026q4_dividends:base/idNonebase_2026q4_dividends
/operating_model/cells/base_2026q4_dividends:base/kindNoneassumption
/operating_model/cells/base_2026q4_dividends:base/labelNoneCommon dividends and equivalents
/operating_model/cells/base_2026q4_dividends:base/periodNone2026Q4
/operating_model/cells/base_2026q4_dividends:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_dividends:base/valueNone15.1
/operating_model/cells/base_2026q4_existing_contribution:base/basisNoneCost of services excludes D&A.
/operating_model/cells/base_2026q4_existing_contribution:base/caseNonebase
/operating_model/cells/base_2026q4_existing_contribution:base/formula/opNonemultiply
/operating_model/cells/base_2026q4_existing_contribution:base/formula/refs/0Nonebase_2026q4_existing_revenue
/operating_model/cells/base_2026q4_existing_contribution:base/formula/refs/1Nonebase_2026q4_service_margin
/operating_model/cells/base_2026q4_existing_contribution:base/idNonebase_2026q4_existing_contribution
/operating_model/cells/base_2026q4_existing_contribution:base/kindNonederived
/operating_model/cells/base_2026q4_existing_contribution:base/labelNoneExisting-business contribution
/operating_model/cells/base_2026q4_existing_contribution:base/periodNone2026Q4
/operating_model/cells/base_2026q4_existing_contribution:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_existing_contribution:base/valueNone211.765017744
/operating_model/cells/base_2026q4_existing_revenue:base/basisNoneConsolidated anchor already includes existing power-related activity.
/operating_model/cells/base_2026q4_existing_revenue:base/caseNonebase
/operating_model/cells/base_2026q4_existing_revenue:base/formula/opNonemultiply
/operating_model/cells/base_2026q4_existing_revenue:base/formula/refs/0Noneq2_revenue
/operating_model/cells/base_2026q4_existing_revenue:base/formula/refs/1Nonebase_2026q4_activity
/operating_model/cells/base_2026q4_existing_revenue:base/formula/refs/2Nonebase_2026q4_price
/operating_model/cells/base_2026q4_existing_revenue:base/idNonebase_2026q4_existing_revenue
/operating_model/cells/base_2026q4_existing_revenue:base/kindNonederived
/operating_model/cells/base_2026q4_existing_revenue:base/labelNoneExisting business revenue
/operating_model/cells/base_2026q4_existing_revenue:base/periodNone2026Q4
/operating_model/cells/base_2026q4_existing_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_existing_revenue:base/valueNone1176.4723208
/operating_model/cells/base_2026q4_fcf:base/basisNoneNo disposal proceeds netted against cash PP&E.
/operating_model/cells/base_2026q4_fcf:base/caseNonebase
/operating_model/cells/base_2026q4_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_fcf:base/formula/refs/0Nonebase_2026q4_cfo
/operating_model/cells/base_2026q4_fcf:base/formula/refs/1Nonebase_2026q4_capex
/operating_model/cells/base_2026q4_fcf:base/idNonebase_2026q4_fcf
/operating_model/cells/base_2026q4_fcf:base/kindNonederived
/operating_model/cells/base_2026q4_fcf:base/labelNoneCFO less gross PP&E
/operating_model/cells/base_2026q4_fcf:base/periodNone2026Q4
/operating_model/cells/base_2026q4_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_fcf:base/valueNone-133.734982256
/operating_model/cells/base_2026q4_gaap_deductions:base/basisNoneNo investment fair-value gains in operating earnings.
/operating_model/cells/base_2026q4_gaap_deductions:base/caseNonebase
/operating_model/cells/base_2026q4_gaap_deductions:base/formula/opNonesum
/operating_model/cells/base_2026q4_gaap_deductions:base/formula/refs/0Nonebase_2026q4_sbc
/operating_model/cells/base_2026q4_gaap_deductions:base/formula/refs/1Nonebase_2026q4_da
/operating_model/cells/base_2026q4_gaap_deductions:base/formula/refs/2Nonebase_2026q4_transaction
/operating_model/cells/base_2026q4_gaap_deductions:base/idNonebase_2026q4_gaap_deductions
/operating_model/cells/base_2026q4_gaap_deductions:base/kindNonederived
/operating_model/cells/base_2026q4_gaap_deductions:base/labelNoneD&A, equity expense and transaction costs
/operating_model/cells/base_2026q4_gaap_deductions:base/periodNone2026Q4
/operating_model/cells/base_2026q4_gaap_deductions:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_gaap_deductions:base/valueNone132.4
/operating_model/cells/base_2026q4_investments:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_investments:base/caseNonebase
/operating_model/cells/base_2026q4_investments:base/idNonebase_2026q4_investments
/operating_model/cells/base_2026q4_investments:base/kindNoneassumption
/operating_model/cells/base_2026q4_investments:base/labelNoneEquity investment purchases
/operating_model/cells/base_2026q4_investments:base/periodNone2026Q4
/operating_model/cells/base_2026q4_investments:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_investments:base/valueNone5.0
/operating_model/cells/base_2026q4_lease_principal:base/basisNoneDesk allocation informed by remaining 2026 gross lease payments $79.705M and 2027 $87.432M, including interest. Interest is separately in CFO.
/operating_model/cells/base_2026q4_lease_principal:base/caseNonebase
/operating_model/cells/base_2026q4_lease_principal:base/idNonebase_2026q4_lease_principal
/operating_model/cells/base_2026q4_lease_principal:base/kindNoneassumption
/operating_model/cells/base_2026q4_lease_principal:base/labelNoneFinance-lease principal
/operating_model/cells/base_2026q4_lease_principal:base/periodNone2026Q4
/operating_model/cells/base_2026q4_lease_principal:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_lease_principal:base/valueNone35.0
/operating_model/cells/base_2026q4_maintenance_capex:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_maintenance_capex:base/caseNonebase
/operating_model/cells/base_2026q4_maintenance_capex:base/idNonebase_2026q4_maintenance_capex
/operating_model/cells/base_2026q4_maintenance_capex:base/kindNoneassumption
/operating_model/cells/base_2026q4_maintenance_capex:base/labelNoneExisting fleet and other PP&E cash
/operating_model/cells/base_2026q4_maintenance_capex:base/periodNone2026Q4
/operating_model/cells/base_2026q4_maintenance_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_maintenance_capex:base/valueNone115.0
/operating_model/cells/base_2026q4_new_power:base/basisNoneDesk revenue sensitivity only; no customer contract revenue per MW was disclosed for PowerBridge.
/operating_model/cells/base_2026q4_new_power:base/caseNonebase
/operating_model/cells/base_2026q4_new_power:base/idNonebase_2026q4_new_power
/operating_model/cells/base_2026q4_new_power:base/kindNoneassumption
/operating_model/cells/base_2026q4_new_power:base/labelNoneIncremental new-project power revenue
/operating_model/cells/base_2026q4_new_power:base/periodNone2026Q4
/operating_model/cells/base_2026q4_new_power:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_new_power:base/valueNone0.0
/operating_model/cells/base_2026q4_operating_income:base/basisNoneAssumes no net disposal gain/loss or impairment; separate downside risks.
/operating_model/cells/base_2026q4_operating_income:base/caseNonebase
/operating_model/cells/base_2026q4_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_operating_income:base/formula/refs/0Nonebase_2026q4_adj_ebitda
/operating_model/cells/base_2026q4_operating_income:base/formula/refs/1Nonebase_2026q4_gaap_deductions
/operating_model/cells/base_2026q4_operating_income:base/idNonebase_2026q4_operating_income
/operating_model/cells/base_2026q4_operating_income:base/kindNonederived
/operating_model/cells/base_2026q4_operating_income:base/labelNoneGAAP operating income proxy
/operating_model/cells/base_2026q4_operating_income:base/periodNone2026Q4
/operating_model/cells/base_2026q4_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_operating_income:base/valueNone20.865017744
/operating_model/cells/base_2026q4_power_capex:base/basisNoneScenario allocation within aggregate capex; redacted equipment milestones prevent an exact contractual schedule.
/operating_model/cells/base_2026q4_power_capex:base/caseNonebase
/operating_model/cells/base_2026q4_power_capex:base/idNonebase_2026q4_power_capex
/operating_model/cells/base_2026q4_power_capex:base/kindNoneassumption
/operating_model/cells/base_2026q4_power_capex:base/labelNonePower engines deposits and buildout cash
/operating_model/cells/base_2026q4_power_capex:base/periodNone2026Q4
/operating_model/cells/base_2026q4_power_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_power_capex:base/valueNone155.0
/operating_model/cells/base_2026q4_power_contribution:base/basisNoneIncremental modeled operations only.
/operating_model/cells/base_2026q4_power_contribution:base/caseNonebase
/operating_model/cells/base_2026q4_power_contribution:base/formula/opNonemultiply
/operating_model/cells/base_2026q4_power_contribution:base/formula/refs/0Nonebase_2026q4_new_power
/operating_model/cells/base_2026q4_power_contribution:base/formula/refs/1Nonebase_2026q4_power_margin
/operating_model/cells/base_2026q4_power_contribution:base/idNonebase_2026q4_power_contribution
/operating_model/cells/base_2026q4_power_contribution:base/kindNonederived
/operating_model/cells/base_2026q4_power_contribution:base/labelNoneNew power contribution
/operating_model/cells/base_2026q4_power_contribution:base/periodNone2026Q4
/operating_model/cells/base_2026q4_power_contribution:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_power_contribution:base/valueNone0.0
/operating_model/cells/base_2026q4_power_margin:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_power_margin:base/caseNonebase
/operating_model/cells/base_2026q4_power_margin:base/idNonebase_2026q4_power_margin
/operating_model/cells/base_2026q4_power_margin:base/kindNoneassumption
/operating_model/cells/base_2026q4_power_margin:base/labelNoneIncremental power contribution margin
/operating_model/cells/base_2026q4_power_margin:base/periodNone2026Q4
/operating_model/cells/base_2026q4_power_margin:base/unitNoneratio
/operating_model/cells/base_2026q4_power_margin:base/valueNone0.28
/operating_model/cells/base_2026q4_price:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_price:base/caseNonebase
/operating_model/cells/base_2026q4_price:base/idNonebase_2026q4_price
/operating_model/cells/base_2026q4_price:base/kindNoneassumption
/operating_model/cells/base_2026q4_price:base/labelNonePricing/mix versus Q2
/operating_model/cells/base_2026q4_price:base/periodNone2026Q4
/operating_model/cells/base_2026q4_price:base/unitNoneratio
/operating_model/cells/base_2026q4_price:base/valueNone1.01
/operating_model/cells/base_2026q4_revenue:base/basisNoneNo revenue from buying engines or announcing capacity.
/operating_model/cells/base_2026q4_revenue:base/caseNonebase
/operating_model/cells/base_2026q4_revenue:base/formula/opNonesum
/operating_model/cells/base_2026q4_revenue:base/formula/refs/0Nonebase_2026q4_existing_revenue
/operating_model/cells/base_2026q4_revenue:base/formula/refs/1Nonebase_2026q4_new_power
/operating_model/cells/base_2026q4_revenue:base/idNonebase_2026q4_revenue
/operating_model/cells/base_2026q4_revenue:base/kindNonederived
/operating_model/cells/base_2026q4_revenue:base/labelNoneConsolidated revenue
/operating_model/cells/base_2026q4_revenue:base/periodNone2026Q4
/operating_model/cells/base_2026q4_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_revenue:base/valueNone1176.4723208
/operating_model/cells/base_2026q4_sbc:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_sbc:base/caseNonebase
/operating_model/cells/base_2026q4_sbc:base/idNonebase_2026q4_sbc
/operating_model/cells/base_2026q4_sbc:base/kindNoneassumption
/operating_model/cells/base_2026q4_sbc:base/labelNoneStock compensation expense
/operating_model/cells/base_2026q4_sbc:base/periodNone2026Q4
/operating_model/cells/base_2026q4_sbc:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_sbc:base/valueNone10.4
/operating_model/cells/base_2026q4_service_margin:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_service_margin:base/caseNonebase
/operating_model/cells/base_2026q4_service_margin:base/idNonebase_2026q4_service_margin
/operating_model/cells/base_2026q4_service_margin:base/kindNoneassumption
/operating_model/cells/base_2026q4_service_margin:base/labelNoneService contribution margin
/operating_model/cells/base_2026q4_service_margin:base/periodNone2026Q4
/operating_model/cells/base_2026q4_service_margin:base/unitNoneratio
/operating_model/cells/base_2026q4_service_margin:base/valueNone0.18
/operating_model/cells/base_2026q4_tra:base/basisNoneDesk cash allowance, not a conclusion that the $66.870M liability is extinguished.
/operating_model/cells/base_2026q4_tra:base/caseNonebase
/operating_model/cells/base_2026q4_tra:base/idNonebase_2026q4_tra
/operating_model/cells/base_2026q4_tra:base/kindNoneassumption
/operating_model/cells/base_2026q4_tra:base/labelNoneTRA cash payment
/operating_model/cells/base_2026q4_tra:base/periodNone2026Q4
/operating_model/cells/base_2026q4_tra:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_tra:base/valueNone0.0
/operating_model/cells/base_2026q4_transaction:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_transaction:base/caseNonebase
/operating_model/cells/base_2026q4_transaction:base/idNonebase_2026q4_transaction
/operating_model/cells/base_2026q4_transaction:base/kindNoneassumption
/operating_model/cells/base_2026q4_transaction:base/labelNoneTransaction and other operating expense
/operating_model/cells/base_2026q4_transaction:base/periodNone2026Q4
/operating_model/cells/base_2026q4_transaction:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_transaction:base/valueNone3.0
/operating_model/cells/base_2026q4_wc_use:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2026q4_wc_use:base/caseNonebase
/operating_model/cells/base_2026q4_wc_use:base/idNonebase_2026q4_wc_use
/operating_model/cells/base_2026q4_wc_use:base/kindNoneassumption
/operating_model/cells/base_2026q4_wc_use:base/labelNoneNet operating working-capital use
/operating_model/cells/base_2026q4_wc_use:base/periodNone2026Q4
/operating_model/cells/base_2026q4_wc_use:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_wc_use:base/valueNone-5.0
/operating_model/cells/base_2027q1_activity:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_activity:base/caseNonebase
/operating_model/cells/base_2027q1_activity:base/idNonebase_2027q1_activity
/operating_model/cells/base_2027q1_activity:base/kindNoneassumption
/operating_model/cells/base_2027q1_activity:base/labelNoneActivity versus Q2
/operating_model/cells/base_2027q1_activity:base/periodNone2027Q1
/operating_model/cells/base_2027q1_activity:base/unitNoneratio
/operating_model/cells/base_2027q1_activity:base/valueNone1.03
/operating_model/cells/base_2027q1_adj_ebitda:base/basisNoneExcludes equity compensation, D&A and modeled nonrecurring transaction costs; ordinary operating costs remain.
/operating_model/cells/base_2027q1_adj_ebitda:base/caseNonebase
/operating_model/cells/base_2027q1_adj_ebitda:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_adj_ebitda:base/formula/refs/0Nonebase_2027q1_contribution
/operating_model/cells/base_2027q1_adj_ebitda:base/formula/refs/1Nonebase_2027q1_cash_overhead
/operating_model/cells/base_2027q1_adj_ebitda:base/idNonebase_2027q1_adj_ebitda
/operating_model/cells/base_2027q1_adj_ebitda:base/kindNonederived
/operating_model/cells/base_2027q1_adj_ebitda:base/labelNoneAdjusted EBITDA proxy
/operating_model/cells/base_2027q1_adj_ebitda:base/periodNone2027Q1
/operating_model/cells/base_2027q1_adj_ebitda:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_adj_ebitda:base/valueNone162.56935538399998
/operating_model/cells/base_2027q1_awards:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_awards:base/caseNonebase
/operating_model/cells/base_2027q1_awards:base/idNonebase_2027q1_awards
/operating_model/cells/base_2027q1_awards:base/kindNoneassumption
/operating_model/cells/base_2027q1_awards:base/labelNoneEmployee award withholding
/operating_model/cells/base_2027q1_awards:base/periodNone2027Q1
/operating_model/cells/base_2027q1_awards:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_awards:base/valueNone14.0
/operating_model/cells/base_2027q1_capex:base/basisNoneIncludes deposits once; not an additional deduction after capex.
/operating_model/cells/base_2027q1_capex:base/caseNonebase
/operating_model/cells/base_2027q1_capex:base/formula/opNonesum
/operating_model/cells/base_2027q1_capex:base/formula/refs/0Nonebase_2027q1_maintenance_capex
/operating_model/cells/base_2027q1_capex:base/formula/refs/1Nonebase_2027q1_power_capex
/operating_model/cells/base_2027q1_capex:base/idNonebase_2027q1_capex
/operating_model/cells/base_2027q1_capex:base/kindNonederived
/operating_model/cells/base_2027q1_capex:base/labelNoneGross cash PP&E and deposits
/operating_model/cells/base_2027q1_capex:base/periodNone2027Q1
/operating_model/cells/base_2027q1_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_capex:base/valueNone315.0
/operating_model/cells/base_2027q1_cash_after_claims:base/basisNoneBefore new financing, acquisitions, optional buybacks and asset-sale proceeds.
/operating_model/cells/base_2027q1_cash_after_claims:base/caseNonebase
/operating_model/cells/base_2027q1_cash_after_claims:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_cash_after_claims:base/formula/refs/0Nonebase_2027q1_fcf
/operating_model/cells/base_2027q1_cash_after_claims:base/formula/refs/1Nonebase_2027q1_claims
/operating_model/cells/base_2027q1_cash_after_claims:base/idNonebase_2027q1_cash_after_claims
/operating_model/cells/base_2027q1_cash_after_claims:base/kindNonederived
/operating_model/cells/base_2027q1_cash_after_claims:base/labelNoneCash after investment and capital claims
/operating_model/cells/base_2027q1_cash_after_claims:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cash_after_claims:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_cash_after_claims:base/valueNone-278.507144616
/operating_model/cells/base_2027q1_cash_interest:base/basisNoneSmall-loan and finance-lease interest, less cash yield; convertible notes have no regular coupon.
/operating_model/cells/base_2027q1_cash_interest:base/caseNonebase
/operating_model/cells/base_2027q1_cash_interest:base/idNonebase_2027q1_cash_interest
/operating_model/cells/base_2027q1_cash_interest:base/kindNoneassumption
/operating_model/cells/base_2027q1_cash_interest:base/labelNoneCash interest net of investment income
/operating_model/cells/base_2027q1_cash_interest:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cash_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_cash_interest:base/valueNone6.0
/operating_model/cells/base_2027q1_cash_overhead:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_cash_overhead:base/caseNonebase
/operating_model/cells/base_2027q1_cash_overhead:base/idNonebase_2027q1_cash_overhead
/operating_model/cells/base_2027q1_cash_overhead:base/kindNoneassumption
/operating_model/cells/base_2027q1_cash_overhead:base/labelNoneG&A excluding stock compensation
/operating_model/cells/base_2027q1_cash_overhead:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cash_overhead:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_cash_overhead:base/valueNone60.0
/operating_model/cells/base_2027q1_cash_tax:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_cash_tax:base/caseNonebase
/operating_model/cells/base_2027q1_cash_tax:base/idNonebase_2027q1_cash_tax
/operating_model/cells/base_2027q1_cash_tax:base/kindNoneassumption
/operating_model/cells/base_2027q1_cash_tax:base/labelNoneCash income taxes
/operating_model/cells/base_2027q1_cash_tax:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_cash_tax:base/valueNone16.0
/operating_model/cells/base_2027q1_cfo:base/basisNoneDoes not repeat noncash investment marks as cash generation.
/operating_model/cells/base_2027q1_cfo:base/caseNonebase
/operating_model/cells/base_2027q1_cfo:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_cfo:base/formula/refs/0Nonebase_2027q1_adj_ebitda
/operating_model/cells/base_2027q1_cfo:base/formula/refs/1Nonebase_2027q1_cfo_uses
/operating_model/cells/base_2027q1_cfo:base/idNonebase_2027q1_cfo
/operating_model/cells/base_2027q1_cfo:base/kindNonederived
/operating_model/cells/base_2027q1_cfo:base/labelNoneOperating cash flow proxy
/operating_model/cells/base_2027q1_cfo:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_cfo:base/valueNone98.56935538399998
/operating_model/cells/base_2027q1_cfo_uses:base/basisNoneLease principal and TRA remain below CFO; transaction costs remain cash uses.
/operating_model/cells/base_2027q1_cfo_uses:base/caseNonebase
/operating_model/cells/base_2027q1_cfo_uses:base/formula/opNonesum
/operating_model/cells/base_2027q1_cfo_uses:base/formula/refs/0Nonebase_2027q1_cash_interest
/operating_model/cells/base_2027q1_cfo_uses:base/formula/refs/1Nonebase_2027q1_cash_tax
/operating_model/cells/base_2027q1_cfo_uses:base/formula/refs/2Nonebase_2027q1_wc_use
/operating_model/cells/base_2027q1_cfo_uses:base/formula/refs/3Nonebase_2027q1_transaction
/operating_model/cells/base_2027q1_cfo_uses:base/idNonebase_2027q1_cfo_uses
/operating_model/cells/base_2027q1_cfo_uses:base/kindNonederived
/operating_model/cells/base_2027q1_cfo_uses:base/labelNoneCash interest taxes working capital and transaction costs
/operating_model/cells/base_2027q1_cfo_uses:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cfo_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_cfo_uses:base/valueNone64.0
/operating_model/cells/base_2027q1_claims:base/basisNoneFinancing/equity-investment outflows; no new borrowing included.
/operating_model/cells/base_2027q1_claims:base/caseNonebase
/operating_model/cells/base_2027q1_claims:base/formula/opNonesum
/operating_model/cells/base_2027q1_claims:base/formula/refs/0Nonebase_2027q1_lease_principal
/operating_model/cells/base_2027q1_claims:base/formula/refs/1Nonebase_2027q1_tra
/operating_model/cells/base_2027q1_claims:base/formula/refs/2Nonebase_2027q1_dividends
/operating_model/cells/base_2027q1_claims:base/formula/refs/3Nonebase_2027q1_debt_principal
/operating_model/cells/base_2027q1_claims:base/formula/refs/4Nonebase_2027q1_awards
/operating_model/cells/base_2027q1_claims:base/formula/refs/5Nonebase_2027q1_investments
/operating_model/cells/base_2027q1_claims:base/idNonebase_2027q1_claims
/operating_model/cells/base_2027q1_claims:base/kindNonederived
/operating_model/cells/base_2027q1_claims:base/labelNoneAdditional cash uses
/operating_model/cells/base_2027q1_claims:base/periodNone2027Q1
/operating_model/cells/base_2027q1_claims:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_claims:base/valueNone62.0765
/operating_model/cells/base_2027q1_contribution:base/basisNoneCompany does not report these as separate historical segments.
/operating_model/cells/base_2027q1_contribution:base/caseNonebase
/operating_model/cells/base_2027q1_contribution:base/formula/opNonesum
/operating_model/cells/base_2027q1_contribution:base/formula/refs/0Nonebase_2027q1_existing_contribution
/operating_model/cells/base_2027q1_contribution:base/formula/refs/1Nonebase_2027q1_power_contribution
/operating_model/cells/base_2027q1_contribution:base/idNonebase_2027q1_contribution
/operating_model/cells/base_2027q1_contribution:base/kindNonederived
/operating_model/cells/base_2027q1_contribution:base/labelNoneService contribution before overhead and D&A
/operating_model/cells/base_2027q1_contribution:base/periodNone2027Q1
/operating_model/cells/base_2027q1_contribution:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_contribution:base/valueNone222.56935538399998
/operating_model/cells/base_2027q1_da:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_da:base/caseNonebase
/operating_model/cells/base_2027q1_da:base/idNonebase_2027q1_da
/operating_model/cells/base_2027q1_da:base/kindNoneassumption
/operating_model/cells/base_2027q1_da:base/labelNoneDepreciation depletion and amortization
/operating_model/cells/base_2027q1_da:base/periodNone2027Q1
/operating_model/cells/base_2027q1_da:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_da:base/valueNone122.0
/operating_model/cells/base_2027q1_debt_principal:base/basisNoneRemainder 2026 $4.961M and 2027 $11.906M disclosed debt maturities, evenly allocated.
/operating_model/cells/base_2027q1_debt_principal:base/caseNonebase
/operating_model/cells/base_2027q1_debt_principal:base/idNonebase_2027q1_debt_principal
/operating_model/cells/base_2027q1_debt_principal:base/kindNoneassumption
/operating_model/cells/base_2027q1_debt_principal:base/labelNoneSmall-loan principal
/operating_model/cells/base_2027q1_debt_principal:base/periodNone2027Q1
/operating_model/cells/base_2027q1_debt_principal:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_debt_principal:base/valueNone2.9765
/operating_model/cells/base_2027q1_dividends:base/basisNoneApproximately $0.09 per share quarterly, including allowance for award equivalents; future board declarations required.
/operating_model/cells/base_2027q1_dividends:base/caseNonebase
/operating_model/cells/base_2027q1_dividends:base/idNonebase_2027q1_dividends
/operating_model/cells/base_2027q1_dividends:base/kindNoneassumption
/operating_model/cells/base_2027q1_dividends:base/labelNoneCommon dividends and equivalents
/operating_model/cells/base_2027q1_dividends:base/periodNone2027Q1
/operating_model/cells/base_2027q1_dividends:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_dividends:base/valueNone15.1
/operating_model/cells/base_2027q1_existing_contribution:base/basisNoneCost of services excludes D&A.
/operating_model/cells/base_2027q1_existing_contribution:base/caseNonebase
/operating_model/cells/base_2027q1_existing_contribution:base/formula/opNonemultiply
/operating_model/cells/base_2027q1_existing_contribution:base/formula/refs/0Nonebase_2027q1_existing_revenue
/operating_model/cells/base_2027q1_existing_contribution:base/formula/refs/1Nonebase_2027q1_service_margin
/operating_model/cells/base_2027q1_existing_contribution:base/idNonebase_2027q1_existing_contribution
/operating_model/cells/base_2027q1_existing_contribution:base/kindNonederived
/operating_model/cells/base_2027q1_existing_contribution:base/labelNoneExisting-business contribution
/operating_model/cells/base_2027q1_existing_contribution:base/periodNone2027Q1
/operating_model/cells/base_2027q1_existing_contribution:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_existing_contribution:base/valueNone222.56935538399998
/operating_model/cells/base_2027q1_existing_revenue:base/basisNoneConsolidated anchor already includes existing power-related activity.
/operating_model/cells/base_2027q1_existing_revenue:base/caseNonebase
/operating_model/cells/base_2027q1_existing_revenue:base/formula/opNonemultiply
/operating_model/cells/base_2027q1_existing_revenue:base/formula/refs/0Noneq2_revenue
/operating_model/cells/base_2027q1_existing_revenue:base/formula/refs/1Nonebase_2027q1_activity
/operating_model/cells/base_2027q1_existing_revenue:base/formula/refs/2Nonebase_2027q1_price
/operating_model/cells/base_2027q1_existing_revenue:base/idNonebase_2027q1_existing_revenue
/operating_model/cells/base_2027q1_existing_revenue:base/kindNonederived
/operating_model/cells/base_2027q1_existing_revenue:base/labelNoneExisting business revenue
/operating_model/cells/base_2027q1_existing_revenue:base/periodNone2027Q1
/operating_model/cells/base_2027q1_existing_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_existing_revenue:base/valueNone1236.4964188
/operating_model/cells/base_2027q1_fcf:base/basisNoneNo disposal proceeds netted against cash PP&E.
/operating_model/cells/base_2027q1_fcf:base/caseNonebase
/operating_model/cells/base_2027q1_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_fcf:base/formula/refs/0Nonebase_2027q1_cfo
/operating_model/cells/base_2027q1_fcf:base/formula/refs/1Nonebase_2027q1_capex
/operating_model/cells/base_2027q1_fcf:base/idNonebase_2027q1_fcf
/operating_model/cells/base_2027q1_fcf:base/kindNonederived
/operating_model/cells/base_2027q1_fcf:base/labelNoneCFO less gross PP&E
/operating_model/cells/base_2027q1_fcf:base/periodNone2027Q1
/operating_model/cells/base_2027q1_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_fcf:base/valueNone-216.43064461600002
/operating_model/cells/base_2027q1_gaap_deductions:base/basisNoneNo investment fair-value gains in operating earnings.
/operating_model/cells/base_2027q1_gaap_deductions:base/caseNonebase
/operating_model/cells/base_2027q1_gaap_deductions:base/formula/opNonesum
/operating_model/cells/base_2027q1_gaap_deductions:base/formula/refs/0Nonebase_2027q1_sbc
/operating_model/cells/base_2027q1_gaap_deductions:base/formula/refs/1Nonebase_2027q1_da
/operating_model/cells/base_2027q1_gaap_deductions:base/formula/refs/2Nonebase_2027q1_transaction
/operating_model/cells/base_2027q1_gaap_deductions:base/idNonebase_2027q1_gaap_deductions
/operating_model/cells/base_2027q1_gaap_deductions:base/kindNonederived
/operating_model/cells/base_2027q1_gaap_deductions:base/labelNoneD&A, equity expense and transaction costs
/operating_model/cells/base_2027q1_gaap_deductions:base/periodNone2027Q1
/operating_model/cells/base_2027q1_gaap_deductions:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_gaap_deductions:base/valueNone134.8
/operating_model/cells/base_2027q1_investments:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_investments:base/caseNonebase
/operating_model/cells/base_2027q1_investments:base/idNonebase_2027q1_investments
/operating_model/cells/base_2027q1_investments:base/kindNoneassumption
/operating_model/cells/base_2027q1_investments:base/labelNoneEquity investment purchases
/operating_model/cells/base_2027q1_investments:base/periodNone2027Q1
/operating_model/cells/base_2027q1_investments:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_investments:base/valueNone7.0
/operating_model/cells/base_2027q1_lease_principal:base/basisNoneDesk allocation informed by remaining 2026 gross lease payments $79.705M and 2027 $87.432M, including interest. Interest is separately in CFO.
/operating_model/cells/base_2027q1_lease_principal:base/caseNonebase
/operating_model/cells/base_2027q1_lease_principal:base/idNonebase_2027q1_lease_principal
/operating_model/cells/base_2027q1_lease_principal:base/kindNoneassumption
/operating_model/cells/base_2027q1_lease_principal:base/labelNoneFinance-lease principal
/operating_model/cells/base_2027q1_lease_principal:base/periodNone2027Q1
/operating_model/cells/base_2027q1_lease_principal:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_lease_principal:base/valueNone19.0
/operating_model/cells/base_2027q1_maintenance_capex:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_maintenance_capex:base/caseNonebase
/operating_model/cells/base_2027q1_maintenance_capex:base/idNonebase_2027q1_maintenance_capex
/operating_model/cells/base_2027q1_maintenance_capex:base/kindNoneassumption
/operating_model/cells/base_2027q1_maintenance_capex:base/labelNoneExisting fleet and other PP&E cash
/operating_model/cells/base_2027q1_maintenance_capex:base/periodNone2027Q1
/operating_model/cells/base_2027q1_maintenance_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_maintenance_capex:base/valueNone125.0
/operating_model/cells/base_2027q1_new_power:base/basisNoneDesk revenue sensitivity only; no customer contract revenue per MW was disclosed for PowerBridge.
/operating_model/cells/base_2027q1_new_power:base/caseNonebase
/operating_model/cells/base_2027q1_new_power:base/idNonebase_2027q1_new_power
/operating_model/cells/base_2027q1_new_power:base/kindNoneassumption
/operating_model/cells/base_2027q1_new_power:base/labelNoneIncremental new-project power revenue
/operating_model/cells/base_2027q1_new_power:base/periodNone2027Q1
/operating_model/cells/base_2027q1_new_power:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_new_power:base/valueNone0.0
/operating_model/cells/base_2027q1_operating_income:base/basisNoneAssumes no net disposal gain/loss or impairment; separate downside risks.
/operating_model/cells/base_2027q1_operating_income:base/caseNonebase
/operating_model/cells/base_2027q1_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_operating_income:base/formula/refs/0Nonebase_2027q1_adj_ebitda
/operating_model/cells/base_2027q1_operating_income:base/formula/refs/1Nonebase_2027q1_gaap_deductions
/operating_model/cells/base_2027q1_operating_income:base/idNonebase_2027q1_operating_income
/operating_model/cells/base_2027q1_operating_income:base/kindNonederived
/operating_model/cells/base_2027q1_operating_income:base/labelNoneGAAP operating income proxy
/operating_model/cells/base_2027q1_operating_income:base/periodNone2027Q1
/operating_model/cells/base_2027q1_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_operating_income:base/valueNone27.769355383999965
/operating_model/cells/base_2027q1_power_capex:base/basisNoneScenario allocation within aggregate capex; redacted equipment milestones prevent an exact contractual schedule.
/operating_model/cells/base_2027q1_power_capex:base/caseNonebase
/operating_model/cells/base_2027q1_power_capex:base/idNonebase_2027q1_power_capex
/operating_model/cells/base_2027q1_power_capex:base/kindNoneassumption
/operating_model/cells/base_2027q1_power_capex:base/labelNonePower engines deposits and buildout cash
/operating_model/cells/base_2027q1_power_capex:base/periodNone2027Q1
/operating_model/cells/base_2027q1_power_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_power_capex:base/valueNone190.0
/operating_model/cells/base_2027q1_power_contribution:base/basisNoneIncremental modeled operations only.
/operating_model/cells/base_2027q1_power_contribution:base/caseNonebase
/operating_model/cells/base_2027q1_power_contribution:base/formula/opNonemultiply
/operating_model/cells/base_2027q1_power_contribution:base/formula/refs/0Nonebase_2027q1_new_power
/operating_model/cells/base_2027q1_power_contribution:base/formula/refs/1Nonebase_2027q1_power_margin
/operating_model/cells/base_2027q1_power_contribution:base/idNonebase_2027q1_power_contribution
/operating_model/cells/base_2027q1_power_contribution:base/kindNonederived
/operating_model/cells/base_2027q1_power_contribution:base/labelNoneNew power contribution
/operating_model/cells/base_2027q1_power_contribution:base/periodNone2027Q1
/operating_model/cells/base_2027q1_power_contribution:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_power_contribution:base/valueNone0.0
/operating_model/cells/base_2027q1_power_margin:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_power_margin:base/caseNonebase
/operating_model/cells/base_2027q1_power_margin:base/idNonebase_2027q1_power_margin
/operating_model/cells/base_2027q1_power_margin:base/kindNoneassumption
/operating_model/cells/base_2027q1_power_margin:base/labelNoneIncremental power contribution margin
/operating_model/cells/base_2027q1_power_margin:base/periodNone2027Q1
/operating_model/cells/base_2027q1_power_margin:base/unitNoneratio
/operating_model/cells/base_2027q1_power_margin:base/valueNone0.28
/operating_model/cells/base_2027q1_price:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_price:base/caseNonebase
/operating_model/cells/base_2027q1_price:base/idNonebase_2027q1_price
/operating_model/cells/base_2027q1_price:base/kindNoneassumption
/operating_model/cells/base_2027q1_price:base/labelNonePricing/mix versus Q2
/operating_model/cells/base_2027q1_price:base/periodNone2027Q1
/operating_model/cells/base_2027q1_price:base/unitNoneratio
/operating_model/cells/base_2027q1_price:base/valueNone1.01
/operating_model/cells/base_2027q1_revenue:base/basisNoneNo revenue from buying engines or announcing capacity.
/operating_model/cells/base_2027q1_revenue:base/caseNonebase
/operating_model/cells/base_2027q1_revenue:base/formula/opNonesum
/operating_model/cells/base_2027q1_revenue:base/formula/refs/0Nonebase_2027q1_existing_revenue
/operating_model/cells/base_2027q1_revenue:base/formula/refs/1Nonebase_2027q1_new_power
/operating_model/cells/base_2027q1_revenue:base/idNonebase_2027q1_revenue
/operating_model/cells/base_2027q1_revenue:base/kindNonederived
/operating_model/cells/base_2027q1_revenue:base/labelNoneConsolidated revenue
/operating_model/cells/base_2027q1_revenue:base/periodNone2027Q1
/operating_model/cells/base_2027q1_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_revenue:base/valueNone1236.4964188
/operating_model/cells/base_2027q1_sbc:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_sbc:base/caseNonebase
/operating_model/cells/base_2027q1_sbc:base/idNonebase_2027q1_sbc
/operating_model/cells/base_2027q1_sbc:base/kindNoneassumption
/operating_model/cells/base_2027q1_sbc:base/labelNoneStock compensation expense
/operating_model/cells/base_2027q1_sbc:base/periodNone2027Q1
/operating_model/cells/base_2027q1_sbc:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_sbc:base/valueNone10.8
/operating_model/cells/base_2027q1_service_margin:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_service_margin:base/caseNonebase
/operating_model/cells/base_2027q1_service_margin:base/idNonebase_2027q1_service_margin
/operating_model/cells/base_2027q1_service_margin:base/kindNoneassumption
/operating_model/cells/base_2027q1_service_margin:base/labelNoneService contribution margin
/operating_model/cells/base_2027q1_service_margin:base/periodNone2027Q1
/operating_model/cells/base_2027q1_service_margin:base/unitNoneratio
/operating_model/cells/base_2027q1_service_margin:base/valueNone0.18
/operating_model/cells/base_2027q1_tra:base/basisNoneDesk cash allowance, not a conclusion that the $66.870M liability is extinguished.
/operating_model/cells/base_2027q1_tra:base/caseNonebase
/operating_model/cells/base_2027q1_tra:base/idNonebase_2027q1_tra
/operating_model/cells/base_2027q1_tra:base/kindNoneassumption
/operating_model/cells/base_2027q1_tra:base/labelNoneTRA cash payment
/operating_model/cells/base_2027q1_tra:base/periodNone2027Q1
/operating_model/cells/base_2027q1_tra:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_tra:base/valueNone4.0
/operating_model/cells/base_2027q1_transaction:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_transaction:base/caseNonebase
/operating_model/cells/base_2027q1_transaction:base/idNonebase_2027q1_transaction
/operating_model/cells/base_2027q1_transaction:base/kindNoneassumption
/operating_model/cells/base_2027q1_transaction:base/labelNoneTransaction and other operating expense
/operating_model/cells/base_2027q1_transaction:base/periodNone2027Q1
/operating_model/cells/base_2027q1_transaction:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_transaction:base/valueNone2.0
/operating_model/cells/base_2027q1_wc_use:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q1_wc_use:base/caseNonebase
/operating_model/cells/base_2027q1_wc_use:base/idNonebase_2027q1_wc_use
/operating_model/cells/base_2027q1_wc_use:base/kindNoneassumption
/operating_model/cells/base_2027q1_wc_use:base/labelNoneNet operating working-capital use
/operating_model/cells/base_2027q1_wc_use:base/periodNone2027Q1
/operating_model/cells/base_2027q1_wc_use:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_wc_use:base/valueNone40.0
/operating_model/cells/base_2027q2_activity:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_activity:base/caseNonebase
/operating_model/cells/base_2027q2_activity:base/idNonebase_2027q2_activity
/operating_model/cells/base_2027q2_activity:base/kindNoneassumption
/operating_model/cells/base_2027q2_activity:base/labelNoneActivity versus Q2
/operating_model/cells/base_2027q2_activity:base/periodNone2027Q2
/operating_model/cells/base_2027q2_activity:base/unitNoneratio
/operating_model/cells/base_2027q2_activity:base/valueNone1.07
/operating_model/cells/base_2027q2_adj_ebitda:base/basisNoneExcludes equity compensation, D&A and modeled nonrecurring transaction costs; ordinary operating costs remain.
/operating_model/cells/base_2027q2_adj_ebitda:base/caseNonebase
/operating_model/cells/base_2027q2_adj_ebitda:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_adj_ebitda:base/formula/refs/0Nonebase_2027q2_contribution
/operating_model/cells/base_2027q2_adj_ebitda:base/formula/refs/1Nonebase_2027q2_cash_overhead
/operating_model/cells/base_2027q2_adj_ebitda:base/idNonebase_2027q2_adj_ebitda
/operating_model/cells/base_2027q2_adj_ebitda:base/kindNonederived
/operating_model/cells/base_2027q2_adj_ebitda:base/labelNoneAdjusted EBITDA proxy
/operating_model/cells/base_2027q2_adj_ebitda:base/periodNone2027Q2
/operating_model/cells/base_2027q2_adj_ebitda:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_adj_ebitda:base/valueNone169.712825496
/operating_model/cells/base_2027q2_awards:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_awards:base/caseNonebase
/operating_model/cells/base_2027q2_awards:base/idNonebase_2027q2_awards
/operating_model/cells/base_2027q2_awards:base/kindNoneassumption
/operating_model/cells/base_2027q2_awards:base/labelNoneEmployee award withholding
/operating_model/cells/base_2027q2_awards:base/periodNone2027Q2
/operating_model/cells/base_2027q2_awards:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_awards:base/valueNone3.0
/operating_model/cells/base_2027q2_capex:base/basisNoneIncludes deposits once; not an additional deduction after capex.
/operating_model/cells/base_2027q2_capex:base/caseNonebase
/operating_model/cells/base_2027q2_capex:base/formula/opNonesum
/operating_model/cells/base_2027q2_capex:base/formula/refs/0Nonebase_2027q2_maintenance_capex
/operating_model/cells/base_2027q2_capex:base/formula/refs/1Nonebase_2027q2_power_capex
/operating_model/cells/base_2027q2_capex:base/idNonebase_2027q2_capex
/operating_model/cells/base_2027q2_capex:base/kindNonederived
/operating_model/cells/base_2027q2_capex:base/labelNoneGross cash PP&E and deposits
/operating_model/cells/base_2027q2_capex:base/periodNone2027Q2
/operating_model/cells/base_2027q2_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_capex:base/valueNone345.0
/operating_model/cells/base_2027q2_cash_after_claims:base/basisNoneBefore new financing, acquisitions, optional buybacks and asset-sale proceeds.
/operating_model/cells/base_2027q2_cash_after_claims:base/caseNonebase
/operating_model/cells/base_2027q2_cash_after_claims:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_cash_after_claims:base/formula/refs/0Nonebase_2027q2_fcf
/operating_model/cells/base_2027q2_cash_after_claims:base/formula/refs/1Nonebase_2027q2_claims
/operating_model/cells/base_2027q2_cash_after_claims:base/idNonebase_2027q2_cash_after_claims
/operating_model/cells/base_2027q2_cash_after_claims:base/kindNonederived
/operating_model/cells/base_2027q2_cash_after_claims:base/labelNoneCash after investment and capital claims
/operating_model/cells/base_2027q2_cash_after_claims:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cash_after_claims:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_cash_after_claims:base/valueNone-263.363674504
/operating_model/cells/base_2027q2_cash_interest:base/basisNoneSmall-loan and finance-lease interest, less cash yield; convertible notes have no regular coupon.
/operating_model/cells/base_2027q2_cash_interest:base/caseNonebase
/operating_model/cells/base_2027q2_cash_interest:base/idNonebase_2027q2_cash_interest
/operating_model/cells/base_2027q2_cash_interest:base/kindNoneassumption
/operating_model/cells/base_2027q2_cash_interest:base/labelNoneCash interest net of investment income
/operating_model/cells/base_2027q2_cash_interest:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cash_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_cash_interest:base/valueNone6.0
/operating_model/cells/base_2027q2_cash_overhead:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_cash_overhead:base/caseNonebase
/operating_model/cells/base_2027q2_cash_overhead:base/idNonebase_2027q2_cash_overhead
/operating_model/cells/base_2027q2_cash_overhead:base/kindNoneassumption
/operating_model/cells/base_2027q2_cash_overhead:base/labelNoneG&A excluding stock compensation
/operating_model/cells/base_2027q2_cash_overhead:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cash_overhead:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_cash_overhead:base/valueNone61.5
/operating_model/cells/base_2027q2_cash_tax:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_cash_tax:base/caseNonebase
/operating_model/cells/base_2027q2_cash_tax:base/idNonebase_2027q2_cash_tax
/operating_model/cells/base_2027q2_cash_tax:base/kindNoneassumption
/operating_model/cells/base_2027q2_cash_tax:base/labelNoneCash income taxes
/operating_model/cells/base_2027q2_cash_tax:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_cash_tax:base/valueNone18.0
/operating_model/cells/base_2027q2_cfo:base/basisNoneDoes not repeat noncash investment marks as cash generation.
/operating_model/cells/base_2027q2_cfo:base/caseNonebase
/operating_model/cells/base_2027q2_cfo:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_cfo:base/formula/refs/0Nonebase_2027q2_adj_ebitda
/operating_model/cells/base_2027q2_cfo:base/formula/refs/1Nonebase_2027q2_cfo_uses
/operating_model/cells/base_2027q2_cfo:base/idNonebase_2027q2_cfo
/operating_model/cells/base_2027q2_cfo:base/kindNonederived
/operating_model/cells/base_2027q2_cfo:base/labelNoneOperating cash flow proxy
/operating_model/cells/base_2027q2_cfo:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_cfo:base/valueNone128.712825496
/operating_model/cells/base_2027q2_cfo_uses:base/basisNoneLease principal and TRA remain below CFO; transaction costs remain cash uses.
/operating_model/cells/base_2027q2_cfo_uses:base/caseNonebase
/operating_model/cells/base_2027q2_cfo_uses:base/formula/opNonesum
/operating_model/cells/base_2027q2_cfo_uses:base/formula/refs/0Nonebase_2027q2_cash_interest
/operating_model/cells/base_2027q2_cfo_uses:base/formula/refs/1Nonebase_2027q2_cash_tax
/operating_model/cells/base_2027q2_cfo_uses:base/formula/refs/2Nonebase_2027q2_wc_use
/operating_model/cells/base_2027q2_cfo_uses:base/formula/refs/3Nonebase_2027q2_transaction
/operating_model/cells/base_2027q2_cfo_uses:base/idNonebase_2027q2_cfo_uses
/operating_model/cells/base_2027q2_cfo_uses:base/kindNonederived
/operating_model/cells/base_2027q2_cfo_uses:base/labelNoneCash interest taxes working capital and transaction costs
/operating_model/cells/base_2027q2_cfo_uses:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cfo_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_cfo_uses:base/valueNone41.0
/operating_model/cells/base_2027q2_claims:base/basisNoneFinancing/equity-investment outflows; no new borrowing included.
/operating_model/cells/base_2027q2_claims:base/caseNonebase
/operating_model/cells/base_2027q2_claims:base/formula/opNonesum
/operating_model/cells/base_2027q2_claims:base/formula/refs/0Nonebase_2027q2_lease_principal
/operating_model/cells/base_2027q2_claims:base/formula/refs/1Nonebase_2027q2_tra
/operating_model/cells/base_2027q2_claims:base/formula/refs/2Nonebase_2027q2_dividends
/operating_model/cells/base_2027q2_claims:base/formula/refs/3Nonebase_2027q2_debt_principal
/operating_model/cells/base_2027q2_claims:base/formula/refs/4Nonebase_2027q2_awards
/operating_model/cells/base_2027q2_claims:base/formula/refs/5Nonebase_2027q2_investments
/operating_model/cells/base_2027q2_claims:base/idNonebase_2027q2_claims
/operating_model/cells/base_2027q2_claims:base/kindNonederived
/operating_model/cells/base_2027q2_claims:base/labelNoneAdditional cash uses
/operating_model/cells/base_2027q2_claims:base/periodNone2027Q2
/operating_model/cells/base_2027q2_claims:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_claims:base/valueNone47.0765
/operating_model/cells/base_2027q2_contribution:base/basisNoneCompany does not report these as separate historical segments.
/operating_model/cells/base_2027q2_contribution:base/caseNonebase
/operating_model/cells/base_2027q2_contribution:base/formula/opNonesum
/operating_model/cells/base_2027q2_contribution:base/formula/refs/0Nonebase_2027q2_existing_contribution
/operating_model/cells/base_2027q2_contribution:base/formula/refs/1Nonebase_2027q2_power_contribution
/operating_model/cells/base_2027q2_contribution:base/idNonebase_2027q2_contribution
/operating_model/cells/base_2027q2_contribution:base/kindNonederived
/operating_model/cells/base_2027q2_contribution:base/labelNoneService contribution before overhead and D&A
/operating_model/cells/base_2027q2_contribution:base/periodNone2027Q2
/operating_model/cells/base_2027q2_contribution:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_contribution:base/valueNone231.212825496
/operating_model/cells/base_2027q2_da:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_da:base/caseNonebase
/operating_model/cells/base_2027q2_da:base/idNonebase_2027q2_da
/operating_model/cells/base_2027q2_da:base/kindNoneassumption
/operating_model/cells/base_2027q2_da:base/labelNoneDepreciation depletion and amortization
/operating_model/cells/base_2027q2_da:base/periodNone2027Q2
/operating_model/cells/base_2027q2_da:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_da:base/valueNone125.0
/operating_model/cells/base_2027q2_debt_principal:base/basisNoneRemainder 2026 $4.961M and 2027 $11.906M disclosed debt maturities, evenly allocated.
/operating_model/cells/base_2027q2_debt_principal:base/caseNonebase
/operating_model/cells/base_2027q2_debt_principal:base/idNonebase_2027q2_debt_principal
/operating_model/cells/base_2027q2_debt_principal:base/kindNoneassumption
/operating_model/cells/base_2027q2_debt_principal:base/labelNoneSmall-loan principal
/operating_model/cells/base_2027q2_debt_principal:base/periodNone2027Q2
/operating_model/cells/base_2027q2_debt_principal:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_debt_principal:base/valueNone2.9765
/operating_model/cells/base_2027q2_dividends:base/basisNoneApproximately $0.09 per share quarterly, including allowance for award equivalents; future board declarations required.
/operating_model/cells/base_2027q2_dividends:base/caseNonebase
/operating_model/cells/base_2027q2_dividends:base/idNonebase_2027q2_dividends
/operating_model/cells/base_2027q2_dividends:base/kindNoneassumption
/operating_model/cells/base_2027q2_dividends:base/labelNoneCommon dividends and equivalents
/operating_model/cells/base_2027q2_dividends:base/periodNone2027Q2
/operating_model/cells/base_2027q2_dividends:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_dividends:base/valueNone15.1
/operating_model/cells/base_2027q2_existing_contribution:base/basisNoneCost of services excludes D&A.
/operating_model/cells/base_2027q2_existing_contribution:base/caseNonebase
/operating_model/cells/base_2027q2_existing_contribution:base/formula/opNonemultiply
/operating_model/cells/base_2027q2_existing_contribution:base/formula/refs/0Nonebase_2027q2_existing_revenue
/operating_model/cells/base_2027q2_existing_contribution:base/formula/refs/1Nonebase_2027q2_service_margin
/operating_model/cells/base_2027q2_existing_contribution:base/idNonebase_2027q2_existing_contribution
/operating_model/cells/base_2027q2_existing_contribution:base/kindNonederived
/operating_model/cells/base_2027q2_existing_contribution:base/labelNoneExisting-business contribution
/operating_model/cells/base_2027q2_existing_contribution:base/periodNone2027Q2
/operating_model/cells/base_2027q2_existing_contribution:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_existing_contribution:base/valueNone231.212825496
/operating_model/cells/base_2027q2_existing_revenue:base/basisNoneConsolidated anchor already includes existing power-related activity.
/operating_model/cells/base_2027q2_existing_revenue:base/caseNonebase
/operating_model/cells/base_2027q2_existing_revenue:base/formula/opNonemultiply
/operating_model/cells/base_2027q2_existing_revenue:base/formula/refs/0Noneq2_revenue
/operating_model/cells/base_2027q2_existing_revenue:base/formula/refs/1Nonebase_2027q2_activity
/operating_model/cells/base_2027q2_existing_revenue:base/formula/refs/2Nonebase_2027q2_price
/operating_model/cells/base_2027q2_existing_revenue:base/idNonebase_2027q2_existing_revenue
/operating_model/cells/base_2027q2_existing_revenue:base/kindNonederived
/operating_model/cells/base_2027q2_existing_revenue:base/labelNoneExisting business revenue
/operating_model/cells/base_2027q2_existing_revenue:base/periodNone2027Q2
/operating_model/cells/base_2027q2_existing_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_existing_revenue:base/valueNone1284.5156972
/operating_model/cells/base_2027q2_fcf:base/basisNoneNo disposal proceeds netted against cash PP&E.
/operating_model/cells/base_2027q2_fcf:base/caseNonebase
/operating_model/cells/base_2027q2_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_fcf:base/formula/refs/0Nonebase_2027q2_cfo
/operating_model/cells/base_2027q2_fcf:base/formula/refs/1Nonebase_2027q2_capex
/operating_model/cells/base_2027q2_fcf:base/idNonebase_2027q2_fcf
/operating_model/cells/base_2027q2_fcf:base/kindNonederived
/operating_model/cells/base_2027q2_fcf:base/labelNoneCFO less gross PP&E
/operating_model/cells/base_2027q2_fcf:base/periodNone2027Q2
/operating_model/cells/base_2027q2_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_fcf:base/valueNone-216.287174504
/operating_model/cells/base_2027q2_gaap_deductions:base/basisNoneNo investment fair-value gains in operating earnings.
/operating_model/cells/base_2027q2_gaap_deductions:base/caseNonebase
/operating_model/cells/base_2027q2_gaap_deductions:base/formula/opNonesum
/operating_model/cells/base_2027q2_gaap_deductions:base/formula/refs/0Nonebase_2027q2_sbc
/operating_model/cells/base_2027q2_gaap_deductions:base/formula/refs/1Nonebase_2027q2_da
/operating_model/cells/base_2027q2_gaap_deductions:base/formula/refs/2Nonebase_2027q2_transaction
/operating_model/cells/base_2027q2_gaap_deductions:base/idNonebase_2027q2_gaap_deductions
/operating_model/cells/base_2027q2_gaap_deductions:base/kindNonederived
/operating_model/cells/base_2027q2_gaap_deductions:base/labelNoneD&A, equity expense and transaction costs
/operating_model/cells/base_2027q2_gaap_deductions:base/periodNone2027Q2
/operating_model/cells/base_2027q2_gaap_deductions:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_gaap_deductions:base/valueNone138.2
/operating_model/cells/base_2027q2_investments:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_investments:base/caseNonebase
/operating_model/cells/base_2027q2_investments:base/idNonebase_2027q2_investments
/operating_model/cells/base_2027q2_investments:base/kindNoneassumption
/operating_model/cells/base_2027q2_investments:base/labelNoneEquity investment purchases
/operating_model/cells/base_2027q2_investments:base/periodNone2027Q2
/operating_model/cells/base_2027q2_investments:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_investments:base/valueNone7.0
/operating_model/cells/base_2027q2_lease_principal:base/basisNoneDesk allocation informed by remaining 2026 gross lease payments $79.705M and 2027 $87.432M, including interest. Interest is separately in CFO.
/operating_model/cells/base_2027q2_lease_principal:base/caseNonebase
/operating_model/cells/base_2027q2_lease_principal:base/idNonebase_2027q2_lease_principal
/operating_model/cells/base_2027q2_lease_principal:base/kindNoneassumption
/operating_model/cells/base_2027q2_lease_principal:base/labelNoneFinance-lease principal
/operating_model/cells/base_2027q2_lease_principal:base/periodNone2027Q2
/operating_model/cells/base_2027q2_lease_principal:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_lease_principal:base/valueNone19.0
/operating_model/cells/base_2027q2_maintenance_capex:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_maintenance_capex:base/caseNonebase
/operating_model/cells/base_2027q2_maintenance_capex:base/idNonebase_2027q2_maintenance_capex
/operating_model/cells/base_2027q2_maintenance_capex:base/kindNoneassumption
/operating_model/cells/base_2027q2_maintenance_capex:base/labelNoneExisting fleet and other PP&E cash
/operating_model/cells/base_2027q2_maintenance_capex:base/periodNone2027Q2
/operating_model/cells/base_2027q2_maintenance_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_maintenance_capex:base/valueNone125.0
/operating_model/cells/base_2027q2_new_power:base/basisNoneDesk revenue sensitivity only; no customer contract revenue per MW was disclosed for PowerBridge.
/operating_model/cells/base_2027q2_new_power:base/caseNonebase
/operating_model/cells/base_2027q2_new_power:base/idNonebase_2027q2_new_power
/operating_model/cells/base_2027q2_new_power:base/kindNoneassumption
/operating_model/cells/base_2027q2_new_power:base/labelNoneIncremental new-project power revenue
/operating_model/cells/base_2027q2_new_power:base/periodNone2027Q2
/operating_model/cells/base_2027q2_new_power:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_new_power:base/valueNone0.0
/operating_model/cells/base_2027q2_operating_income:base/basisNoneAssumes no net disposal gain/loss or impairment; separate downside risks.
/operating_model/cells/base_2027q2_operating_income:base/caseNonebase
/operating_model/cells/base_2027q2_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_operating_income:base/formula/refs/0Nonebase_2027q2_adj_ebitda
/operating_model/cells/base_2027q2_operating_income:base/formula/refs/1Nonebase_2027q2_gaap_deductions
/operating_model/cells/base_2027q2_operating_income:base/idNonebase_2027q2_operating_income
/operating_model/cells/base_2027q2_operating_income:base/kindNonederived
/operating_model/cells/base_2027q2_operating_income:base/labelNoneGAAP operating income proxy
/operating_model/cells/base_2027q2_operating_income:base/periodNone2027Q2
/operating_model/cells/base_2027q2_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_operating_income:base/valueNone31.512825496000005
/operating_model/cells/base_2027q2_power_capex:base/basisNoneScenario allocation within aggregate capex; redacted equipment milestones prevent an exact contractual schedule.
/operating_model/cells/base_2027q2_power_capex:base/caseNonebase
/operating_model/cells/base_2027q2_power_capex:base/idNonebase_2027q2_power_capex
/operating_model/cells/base_2027q2_power_capex:base/kindNoneassumption
/operating_model/cells/base_2027q2_power_capex:base/labelNonePower engines deposits and buildout cash
/operating_model/cells/base_2027q2_power_capex:base/periodNone2027Q2
/operating_model/cells/base_2027q2_power_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_power_capex:base/valueNone220.0
/operating_model/cells/base_2027q2_power_contribution:base/basisNoneIncremental modeled operations only.
/operating_model/cells/base_2027q2_power_contribution:base/caseNonebase
/operating_model/cells/base_2027q2_power_contribution:base/formula/opNonemultiply
/operating_model/cells/base_2027q2_power_contribution:base/formula/refs/0Nonebase_2027q2_new_power
/operating_model/cells/base_2027q2_power_contribution:base/formula/refs/1Nonebase_2027q2_power_margin
/operating_model/cells/base_2027q2_power_contribution:base/idNonebase_2027q2_power_contribution
/operating_model/cells/base_2027q2_power_contribution:base/kindNonederived
/operating_model/cells/base_2027q2_power_contribution:base/labelNoneNew power contribution
/operating_model/cells/base_2027q2_power_contribution:base/periodNone2027Q2
/operating_model/cells/base_2027q2_power_contribution:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_power_contribution:base/valueNone0.0
/operating_model/cells/base_2027q2_power_margin:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_power_margin:base/caseNonebase
/operating_model/cells/base_2027q2_power_margin:base/idNonebase_2027q2_power_margin
/operating_model/cells/base_2027q2_power_margin:base/kindNoneassumption
/operating_model/cells/base_2027q2_power_margin:base/labelNoneIncremental power contribution margin
/operating_model/cells/base_2027q2_power_margin:base/periodNone2027Q2
/operating_model/cells/base_2027q2_power_margin:base/unitNoneratio
/operating_model/cells/base_2027q2_power_margin:base/valueNone0.28
/operating_model/cells/base_2027q2_price:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_price:base/caseNonebase
/operating_model/cells/base_2027q2_price:base/idNonebase_2027q2_price
/operating_model/cells/base_2027q2_price:base/kindNoneassumption
/operating_model/cells/base_2027q2_price:base/labelNonePricing/mix versus Q2
/operating_model/cells/base_2027q2_price:base/periodNone2027Q2
/operating_model/cells/base_2027q2_price:base/unitNoneratio
/operating_model/cells/base_2027q2_price:base/valueNone1.01
/operating_model/cells/base_2027q2_revenue:base/basisNoneNo revenue from buying engines or announcing capacity.
/operating_model/cells/base_2027q2_revenue:base/caseNonebase
/operating_model/cells/base_2027q2_revenue:base/formula/opNonesum
/operating_model/cells/base_2027q2_revenue:base/formula/refs/0Nonebase_2027q2_existing_revenue
/operating_model/cells/base_2027q2_revenue:base/formula/refs/1Nonebase_2027q2_new_power
/operating_model/cells/base_2027q2_revenue:base/idNonebase_2027q2_revenue
/operating_model/cells/base_2027q2_revenue:base/kindNonederived
/operating_model/cells/base_2027q2_revenue:base/labelNoneConsolidated revenue
/operating_model/cells/base_2027q2_revenue:base/periodNone2027Q2
/operating_model/cells/base_2027q2_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_revenue:base/valueNone1284.5156972
/operating_model/cells/base_2027q2_sbc:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_sbc:base/caseNonebase
/operating_model/cells/base_2027q2_sbc:base/idNonebase_2027q2_sbc
/operating_model/cells/base_2027q2_sbc:base/kindNoneassumption
/operating_model/cells/base_2027q2_sbc:base/labelNoneStock compensation expense
/operating_model/cells/base_2027q2_sbc:base/periodNone2027Q2
/operating_model/cells/base_2027q2_sbc:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_sbc:base/valueNone11.2
/operating_model/cells/base_2027q2_service_margin:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_service_margin:base/caseNonebase
/operating_model/cells/base_2027q2_service_margin:base/idNonebase_2027q2_service_margin
/operating_model/cells/base_2027q2_service_margin:base/kindNoneassumption
/operating_model/cells/base_2027q2_service_margin:base/labelNoneService contribution margin
/operating_model/cells/base_2027q2_service_margin:base/periodNone2027Q2
/operating_model/cells/base_2027q2_service_margin:base/unitNoneratio
/operating_model/cells/base_2027q2_service_margin:base/valueNone0.18
/operating_model/cells/base_2027q2_tra:base/basisNoneDesk cash allowance, not a conclusion that the $66.870M liability is extinguished.
/operating_model/cells/base_2027q2_tra:base/caseNonebase
/operating_model/cells/base_2027q2_tra:base/idNonebase_2027q2_tra
/operating_model/cells/base_2027q2_tra:base/kindNoneassumption
/operating_model/cells/base_2027q2_tra:base/labelNoneTRA cash payment
/operating_model/cells/base_2027q2_tra:base/periodNone2027Q2
/operating_model/cells/base_2027q2_tra:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_tra:base/valueNone0.0
/operating_model/cells/base_2027q2_transaction:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_transaction:base/caseNonebase
/operating_model/cells/base_2027q2_transaction:base/idNonebase_2027q2_transaction
/operating_model/cells/base_2027q2_transaction:base/kindNoneassumption
/operating_model/cells/base_2027q2_transaction:base/labelNoneTransaction and other operating expense
/operating_model/cells/base_2027q2_transaction:base/periodNone2027Q2
/operating_model/cells/base_2027q2_transaction:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_transaction:base/valueNone2.0
/operating_model/cells/base_2027q2_wc_use:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q2_wc_use:base/caseNonebase
/operating_model/cells/base_2027q2_wc_use:base/idNonebase_2027q2_wc_use
/operating_model/cells/base_2027q2_wc_use:base/kindNoneassumption
/operating_model/cells/base_2027q2_wc_use:base/labelNoneNet operating working-capital use
/operating_model/cells/base_2027q2_wc_use:base/periodNone2027Q2
/operating_model/cells/base_2027q2_wc_use:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_wc_use:base/valueNone15.0
/operating_model/cells/base_2027q3_activity:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_activity:base/caseNonebase
/operating_model/cells/base_2027q3_activity:base/idNonebase_2027q3_activity
/operating_model/cells/base_2027q3_activity:base/kindNoneassumption
/operating_model/cells/base_2027q3_activity:base/labelNoneActivity versus Q2
/operating_model/cells/base_2027q3_activity:base/periodNone2027Q3
/operating_model/cells/base_2027q3_activity:base/unitNoneratio
/operating_model/cells/base_2027q3_activity:base/valueNone1.09
/operating_model/cells/base_2027q3_adj_ebitda:base/basisNoneExcludes equity compensation, D&A and modeled nonrecurring transaction costs; ordinary operating costs remain.
/operating_model/cells/base_2027q3_adj_ebitda:base/caseNonebase
/operating_model/cells/base_2027q3_adj_ebitda:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_adj_ebitda:base/formula/refs/0Nonebase_2027q3_contribution
/operating_model/cells/base_2027q3_adj_ebitda:base/formula/refs/1Nonebase_2027q3_cash_overhead
/operating_model/cells/base_2027q3_adj_ebitda:base/idNonebase_2027q3_adj_ebitda
/operating_model/cells/base_2027q3_adj_ebitda:base/kindNonederived
/operating_model/cells/base_2027q3_adj_ebitda:base/labelNoneAdjusted EBITDA proxy
/operating_model/cells/base_2027q3_adj_ebitda:base/periodNone2027Q3
/operating_model/cells/base_2027q3_adj_ebitda:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_adj_ebitda:base/valueNone172.53456055200004
/operating_model/cells/base_2027q3_awards:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_awards:base/caseNonebase
/operating_model/cells/base_2027q3_awards:base/idNonebase_2027q3_awards
/operating_model/cells/base_2027q3_awards:base/kindNoneassumption
/operating_model/cells/base_2027q3_awards:base/labelNoneEmployee award withholding
/operating_model/cells/base_2027q3_awards:base/periodNone2027Q3
/operating_model/cells/base_2027q3_awards:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_awards:base/valueNone3.0
/operating_model/cells/base_2027q3_capex:base/basisNoneIncludes deposits once; not an additional deduction after capex.
/operating_model/cells/base_2027q3_capex:base/caseNonebase
/operating_model/cells/base_2027q3_capex:base/formula/opNonesum
/operating_model/cells/base_2027q3_capex:base/formula/refs/0Nonebase_2027q3_maintenance_capex
/operating_model/cells/base_2027q3_capex:base/formula/refs/1Nonebase_2027q3_power_capex
/operating_model/cells/base_2027q3_capex:base/idNonebase_2027q3_capex
/operating_model/cells/base_2027q3_capex:base/kindNonederived
/operating_model/cells/base_2027q3_capex:base/labelNoneGross cash PP&E and deposits
/operating_model/cells/base_2027q3_capex:base/periodNone2027Q3
/operating_model/cells/base_2027q3_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_capex:base/valueNone335.0
/operating_model/cells/base_2027q3_cash_after_claims:base/basisNoneBefore new financing, acquisitions, optional buybacks and asset-sale proceeds.
/operating_model/cells/base_2027q3_cash_after_claims:base/caseNonebase
/operating_model/cells/base_2027q3_cash_after_claims:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_cash_after_claims:base/formula/refs/0Nonebase_2027q3_fcf
/operating_model/cells/base_2027q3_cash_after_claims:base/formula/refs/1Nonebase_2027q3_claims
/operating_model/cells/base_2027q3_cash_after_claims:base/idNonebase_2027q3_cash_after_claims
/operating_model/cells/base_2027q3_cash_after_claims:base/kindNonederived
/operating_model/cells/base_2027q3_cash_after_claims:base/labelNoneCash after investment and capital claims
/operating_model/cells/base_2027q3_cash_after_claims:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cash_after_claims:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_cash_after_claims:base/valueNone-257.54193944799994
/operating_model/cells/base_2027q3_cash_interest:base/basisNoneSmall-loan and finance-lease interest, less cash yield; convertible notes have no regular coupon.
/operating_model/cells/base_2027q3_cash_interest:base/caseNonebase
/operating_model/cells/base_2027q3_cash_interest:base/idNonebase_2027q3_cash_interest
/operating_model/cells/base_2027q3_cash_interest:base/kindNoneassumption
/operating_model/cells/base_2027q3_cash_interest:base/labelNoneCash interest net of investment income
/operating_model/cells/base_2027q3_cash_interest:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cash_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_cash_interest:base/valueNone6.0
/operating_model/cells/base_2027q3_cash_overhead:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_cash_overhead:base/caseNonebase
/operating_model/cells/base_2027q3_cash_overhead:base/idNonebase_2027q3_cash_overhead
/operating_model/cells/base_2027q3_cash_overhead:base/kindNoneassumption
/operating_model/cells/base_2027q3_cash_overhead:base/labelNoneG&A excluding stock compensation
/operating_model/cells/base_2027q3_cash_overhead:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cash_overhead:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_cash_overhead:base/valueNone63.0
/operating_model/cells/base_2027q3_cash_tax:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_cash_tax:base/caseNonebase
/operating_model/cells/base_2027q3_cash_tax:base/idNonebase_2027q3_cash_tax
/operating_model/cells/base_2027q3_cash_tax:base/kindNoneassumption
/operating_model/cells/base_2027q3_cash_tax:base/labelNoneCash income taxes
/operating_model/cells/base_2027q3_cash_tax:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_cash_tax:base/valueNone20.0
/operating_model/cells/base_2027q3_cfo:base/basisNoneDoes not repeat noncash investment marks as cash generation.
/operating_model/cells/base_2027q3_cfo:base/caseNonebase
/operating_model/cells/base_2027q3_cfo:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_cfo:base/formula/refs/0Nonebase_2027q3_adj_ebitda
/operating_model/cells/base_2027q3_cfo:base/formula/refs/1Nonebase_2027q3_cfo_uses
/operating_model/cells/base_2027q3_cfo:base/idNonebase_2027q3_cfo
/operating_model/cells/base_2027q3_cfo:base/kindNonederived
/operating_model/cells/base_2027q3_cfo:base/labelNoneOperating cash flow proxy
/operating_model/cells/base_2027q3_cfo:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_cfo:base/valueNone124.53456055200004
/operating_model/cells/base_2027q3_cfo_uses:base/basisNoneLease principal and TRA remain below CFO; transaction costs remain cash uses.
/operating_model/cells/base_2027q3_cfo_uses:base/caseNonebase
/operating_model/cells/base_2027q3_cfo_uses:base/formula/opNonesum
/operating_model/cells/base_2027q3_cfo_uses:base/formula/refs/0Nonebase_2027q3_cash_interest
/operating_model/cells/base_2027q3_cfo_uses:base/formula/refs/1Nonebase_2027q3_cash_tax
/operating_model/cells/base_2027q3_cfo_uses:base/formula/refs/2Nonebase_2027q3_wc_use
/operating_model/cells/base_2027q3_cfo_uses:base/formula/refs/3Nonebase_2027q3_transaction
/operating_model/cells/base_2027q3_cfo_uses:base/idNonebase_2027q3_cfo_uses
/operating_model/cells/base_2027q3_cfo_uses:base/kindNonederived
/operating_model/cells/base_2027q3_cfo_uses:base/labelNoneCash interest taxes working capital and transaction costs
/operating_model/cells/base_2027q3_cfo_uses:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cfo_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_cfo_uses:base/valueNone48.0
/operating_model/cells/base_2027q3_claims:base/basisNoneFinancing/equity-investment outflows; no new borrowing included.
/operating_model/cells/base_2027q3_claims:base/caseNonebase
/operating_model/cells/base_2027q3_claims:base/formula/opNonesum
/operating_model/cells/base_2027q3_claims:base/formula/refs/0Nonebase_2027q3_lease_principal
/operating_model/cells/base_2027q3_claims:base/formula/refs/1Nonebase_2027q3_tra
/operating_model/cells/base_2027q3_claims:base/formula/refs/2Nonebase_2027q3_dividends
/operating_model/cells/base_2027q3_claims:base/formula/refs/3Nonebase_2027q3_debt_principal
/operating_model/cells/base_2027q3_claims:base/formula/refs/4Nonebase_2027q3_awards
/operating_model/cells/base_2027q3_claims:base/formula/refs/5Nonebase_2027q3_investments
/operating_model/cells/base_2027q3_claims:base/idNonebase_2027q3_claims
/operating_model/cells/base_2027q3_claims:base/kindNonederived
/operating_model/cells/base_2027q3_claims:base/labelNoneAdditional cash uses
/operating_model/cells/base_2027q3_claims:base/periodNone2027Q3
/operating_model/cells/base_2027q3_claims:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_claims:base/valueNone47.0765
/operating_model/cells/base_2027q3_contribution:base/basisNoneCompany does not report these as separate historical segments.
/operating_model/cells/base_2027q3_contribution:base/caseNonebase
/operating_model/cells/base_2027q3_contribution:base/formula/opNonesum
/operating_model/cells/base_2027q3_contribution:base/formula/refs/0Nonebase_2027q3_existing_contribution
/operating_model/cells/base_2027q3_contribution:base/formula/refs/1Nonebase_2027q3_power_contribution
/operating_model/cells/base_2027q3_contribution:base/idNonebase_2027q3_contribution
/operating_model/cells/base_2027q3_contribution:base/kindNonederived
/operating_model/cells/base_2027q3_contribution:base/labelNoneService contribution before overhead and D&A
/operating_model/cells/base_2027q3_contribution:base/periodNone2027Q3
/operating_model/cells/base_2027q3_contribution:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_contribution:base/valueNone235.53456055200004
/operating_model/cells/base_2027q3_da:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_da:base/caseNonebase
/operating_model/cells/base_2027q3_da:base/idNonebase_2027q3_da
/operating_model/cells/base_2027q3_da:base/kindNoneassumption
/operating_model/cells/base_2027q3_da:base/labelNoneDepreciation depletion and amortization
/operating_model/cells/base_2027q3_da:base/periodNone2027Q3
/operating_model/cells/base_2027q3_da:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_da:base/valueNone128.0
/operating_model/cells/base_2027q3_debt_principal:base/basisNoneRemainder 2026 $4.961M and 2027 $11.906M disclosed debt maturities, evenly allocated.
/operating_model/cells/base_2027q3_debt_principal:base/caseNonebase
/operating_model/cells/base_2027q3_debt_principal:base/idNonebase_2027q3_debt_principal
/operating_model/cells/base_2027q3_debt_principal:base/kindNoneassumption
/operating_model/cells/base_2027q3_debt_principal:base/labelNoneSmall-loan principal
/operating_model/cells/base_2027q3_debt_principal:base/periodNone2027Q3
/operating_model/cells/base_2027q3_debt_principal:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_debt_principal:base/valueNone2.9765
/operating_model/cells/base_2027q3_dividends:base/basisNoneApproximately $0.09 per share quarterly, including allowance for award equivalents; future board declarations required.
/operating_model/cells/base_2027q3_dividends:base/caseNonebase
/operating_model/cells/base_2027q3_dividends:base/idNonebase_2027q3_dividends
/operating_model/cells/base_2027q3_dividends:base/kindNoneassumption
/operating_model/cells/base_2027q3_dividends:base/labelNoneCommon dividends and equivalents
/operating_model/cells/base_2027q3_dividends:base/periodNone2027Q3
/operating_model/cells/base_2027q3_dividends:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_dividends:base/valueNone15.1
/operating_model/cells/base_2027q3_existing_contribution:base/basisNoneCost of services excludes D&A.
/operating_model/cells/base_2027q3_existing_contribution:base/caseNonebase
/operating_model/cells/base_2027q3_existing_contribution:base/formula/opNonemultiply
/operating_model/cells/base_2027q3_existing_contribution:base/formula/refs/0Nonebase_2027q3_existing_revenue
/operating_model/cells/base_2027q3_existing_contribution:base/formula/refs/1Nonebase_2027q3_service_margin
/operating_model/cells/base_2027q3_existing_contribution:base/idNonebase_2027q3_existing_contribution
/operating_model/cells/base_2027q3_existing_contribution:base/kindNonederived
/operating_model/cells/base_2027q3_existing_contribution:base/labelNoneExisting-business contribution
/operating_model/cells/base_2027q3_existing_contribution:base/periodNone2027Q3
/operating_model/cells/base_2027q3_existing_contribution:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_existing_contribution:base/valueNone235.53456055200004
/operating_model/cells/base_2027q3_existing_revenue:base/basisNoneConsolidated anchor already includes existing power-related activity.
/operating_model/cells/base_2027q3_existing_revenue:base/caseNonebase
/operating_model/cells/base_2027q3_existing_revenue:base/formula/opNonemultiply
/operating_model/cells/base_2027q3_existing_revenue:base/formula/refs/0Noneq2_revenue
/operating_model/cells/base_2027q3_existing_revenue:base/formula/refs/1Nonebase_2027q3_activity
/operating_model/cells/base_2027q3_existing_revenue:base/formula/refs/2Nonebase_2027q3_price
/operating_model/cells/base_2027q3_existing_revenue:base/idNonebase_2027q3_existing_revenue
/operating_model/cells/base_2027q3_existing_revenue:base/kindNonederived
/operating_model/cells/base_2027q3_existing_revenue:base/labelNoneExisting business revenue
/operating_model/cells/base_2027q3_existing_revenue:base/periodNone2027Q3
/operating_model/cells/base_2027q3_existing_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_existing_revenue:base/valueNone1308.5253364000002
/operating_model/cells/base_2027q3_fcf:base/basisNoneNo disposal proceeds netted against cash PP&E.
/operating_model/cells/base_2027q3_fcf:base/caseNonebase
/operating_model/cells/base_2027q3_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_fcf:base/formula/refs/0Nonebase_2027q3_cfo
/operating_model/cells/base_2027q3_fcf:base/formula/refs/1Nonebase_2027q3_capex
/operating_model/cells/base_2027q3_fcf:base/idNonebase_2027q3_fcf
/operating_model/cells/base_2027q3_fcf:base/kindNonederived
/operating_model/cells/base_2027q3_fcf:base/labelNoneCFO less gross PP&E
/operating_model/cells/base_2027q3_fcf:base/periodNone2027Q3
/operating_model/cells/base_2027q3_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_fcf:base/valueNone-210.46543944799996
/operating_model/cells/base_2027q3_gaap_deductions:base/basisNoneNo investment fair-value gains in operating earnings.
/operating_model/cells/base_2027q3_gaap_deductions:base/caseNonebase
/operating_model/cells/base_2027q3_gaap_deductions:base/formula/opNonesum
/operating_model/cells/base_2027q3_gaap_deductions:base/formula/refs/0Nonebase_2027q3_sbc
/operating_model/cells/base_2027q3_gaap_deductions:base/formula/refs/1Nonebase_2027q3_da
/operating_model/cells/base_2027q3_gaap_deductions:base/formula/refs/2Nonebase_2027q3_transaction
/operating_model/cells/base_2027q3_gaap_deductions:base/idNonebase_2027q3_gaap_deductions
/operating_model/cells/base_2027q3_gaap_deductions:base/kindNonederived
/operating_model/cells/base_2027q3_gaap_deductions:base/labelNoneD&A, equity expense and transaction costs
/operating_model/cells/base_2027q3_gaap_deductions:base/periodNone2027Q3
/operating_model/cells/base_2027q3_gaap_deductions:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_gaap_deductions:base/valueNone141.6
/operating_model/cells/base_2027q3_investments:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_investments:base/caseNonebase
/operating_model/cells/base_2027q3_investments:base/idNonebase_2027q3_investments
/operating_model/cells/base_2027q3_investments:base/kindNoneassumption
/operating_model/cells/base_2027q3_investments:base/labelNoneEquity investment purchases
/operating_model/cells/base_2027q3_investments:base/periodNone2027Q3
/operating_model/cells/base_2027q3_investments:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_investments:base/valueNone7.0
/operating_model/cells/base_2027q3_lease_principal:base/basisNoneDesk allocation informed by remaining 2026 gross lease payments $79.705M and 2027 $87.432M, including interest. Interest is separately in CFO.
/operating_model/cells/base_2027q3_lease_principal:base/caseNonebase
/operating_model/cells/base_2027q3_lease_principal:base/idNonebase_2027q3_lease_principal
/operating_model/cells/base_2027q3_lease_principal:base/kindNoneassumption
/operating_model/cells/base_2027q3_lease_principal:base/labelNoneFinance-lease principal
/operating_model/cells/base_2027q3_lease_principal:base/periodNone2027Q3
/operating_model/cells/base_2027q3_lease_principal:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_lease_principal:base/valueNone19.0
/operating_model/cells/base_2027q3_maintenance_capex:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_maintenance_capex:base/caseNonebase
/operating_model/cells/base_2027q3_maintenance_capex:base/idNonebase_2027q3_maintenance_capex
/operating_model/cells/base_2027q3_maintenance_capex:base/kindNoneassumption
/operating_model/cells/base_2027q3_maintenance_capex:base/labelNoneExisting fleet and other PP&E cash
/operating_model/cells/base_2027q3_maintenance_capex:base/periodNone2027Q3
/operating_model/cells/base_2027q3_maintenance_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_maintenance_capex:base/valueNone125.0
/operating_model/cells/base_2027q3_new_power:base/basisNoneDesk revenue sensitivity only; no customer contract revenue per MW was disclosed for PowerBridge.
/operating_model/cells/base_2027q3_new_power:base/caseNonebase
/operating_model/cells/base_2027q3_new_power:base/idNonebase_2027q3_new_power
/operating_model/cells/base_2027q3_new_power:base/kindNoneassumption
/operating_model/cells/base_2027q3_new_power:base/labelNoneIncremental new-project power revenue
/operating_model/cells/base_2027q3_new_power:base/periodNone2027Q3
/operating_model/cells/base_2027q3_new_power:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_new_power:base/valueNone0.0
/operating_model/cells/base_2027q3_operating_income:base/basisNoneAssumes no net disposal gain/loss or impairment; separate downside risks.
/operating_model/cells/base_2027q3_operating_income:base/caseNonebase
/operating_model/cells/base_2027q3_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_operating_income:base/formula/refs/0Nonebase_2027q3_adj_ebitda
/operating_model/cells/base_2027q3_operating_income:base/formula/refs/1Nonebase_2027q3_gaap_deductions
/operating_model/cells/base_2027q3_operating_income:base/idNonebase_2027q3_operating_income
/operating_model/cells/base_2027q3_operating_income:base/kindNonederived
/operating_model/cells/base_2027q3_operating_income:base/labelNoneGAAP operating income proxy
/operating_model/cells/base_2027q3_operating_income:base/periodNone2027Q3
/operating_model/cells/base_2027q3_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_operating_income:base/valueNone30.93456055200005
/operating_model/cells/base_2027q3_power_capex:base/basisNoneScenario allocation within aggregate capex; redacted equipment milestones prevent an exact contractual schedule.
/operating_model/cells/base_2027q3_power_capex:base/caseNonebase
/operating_model/cells/base_2027q3_power_capex:base/idNonebase_2027q3_power_capex
/operating_model/cells/base_2027q3_power_capex:base/kindNoneassumption
/operating_model/cells/base_2027q3_power_capex:base/labelNonePower engines deposits and buildout cash
/operating_model/cells/base_2027q3_power_capex:base/periodNone2027Q3
/operating_model/cells/base_2027q3_power_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_power_capex:base/valueNone210.0
/operating_model/cells/base_2027q3_power_contribution:base/basisNoneIncremental modeled operations only.
/operating_model/cells/base_2027q3_power_contribution:base/caseNonebase
/operating_model/cells/base_2027q3_power_contribution:base/formula/opNonemultiply
/operating_model/cells/base_2027q3_power_contribution:base/formula/refs/0Nonebase_2027q3_new_power
/operating_model/cells/base_2027q3_power_contribution:base/formula/refs/1Nonebase_2027q3_power_margin
/operating_model/cells/base_2027q3_power_contribution:base/idNonebase_2027q3_power_contribution
/operating_model/cells/base_2027q3_power_contribution:base/kindNonederived
/operating_model/cells/base_2027q3_power_contribution:base/labelNoneNew power contribution
/operating_model/cells/base_2027q3_power_contribution:base/periodNone2027Q3
/operating_model/cells/base_2027q3_power_contribution:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_power_contribution:base/valueNone0.0
/operating_model/cells/base_2027q3_power_margin:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_power_margin:base/caseNonebase
/operating_model/cells/base_2027q3_power_margin:base/idNonebase_2027q3_power_margin
/operating_model/cells/base_2027q3_power_margin:base/kindNoneassumption
/operating_model/cells/base_2027q3_power_margin:base/labelNoneIncremental power contribution margin
/operating_model/cells/base_2027q3_power_margin:base/periodNone2027Q3
/operating_model/cells/base_2027q3_power_margin:base/unitNoneratio
/operating_model/cells/base_2027q3_power_margin:base/valueNone0.28
/operating_model/cells/base_2027q3_price:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_price:base/caseNonebase
/operating_model/cells/base_2027q3_price:base/idNonebase_2027q3_price
/operating_model/cells/base_2027q3_price:base/kindNoneassumption
/operating_model/cells/base_2027q3_price:base/labelNonePricing/mix versus Q2
/operating_model/cells/base_2027q3_price:base/periodNone2027Q3
/operating_model/cells/base_2027q3_price:base/unitNoneratio
/operating_model/cells/base_2027q3_price:base/valueNone1.01
/operating_model/cells/base_2027q3_revenue:base/basisNoneNo revenue from buying engines or announcing capacity.
/operating_model/cells/base_2027q3_revenue:base/caseNonebase
/operating_model/cells/base_2027q3_revenue:base/formula/opNonesum
/operating_model/cells/base_2027q3_revenue:base/formula/refs/0Nonebase_2027q3_existing_revenue
/operating_model/cells/base_2027q3_revenue:base/formula/refs/1Nonebase_2027q3_new_power
/operating_model/cells/base_2027q3_revenue:base/idNonebase_2027q3_revenue
/operating_model/cells/base_2027q3_revenue:base/kindNonederived
/operating_model/cells/base_2027q3_revenue:base/labelNoneConsolidated revenue
/operating_model/cells/base_2027q3_revenue:base/periodNone2027Q3
/operating_model/cells/base_2027q3_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_revenue:base/valueNone1308.5253364000002
/operating_model/cells/base_2027q3_sbc:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_sbc:base/caseNonebase
/operating_model/cells/base_2027q3_sbc:base/idNonebase_2027q3_sbc
/operating_model/cells/base_2027q3_sbc:base/kindNoneassumption
/operating_model/cells/base_2027q3_sbc:base/labelNoneStock compensation expense
/operating_model/cells/base_2027q3_sbc:base/periodNone2027Q3
/operating_model/cells/base_2027q3_sbc:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_sbc:base/valueNone11.6
/operating_model/cells/base_2027q3_service_margin:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_service_margin:base/caseNonebase
/operating_model/cells/base_2027q3_service_margin:base/idNonebase_2027q3_service_margin
/operating_model/cells/base_2027q3_service_margin:base/kindNoneassumption
/operating_model/cells/base_2027q3_service_margin:base/labelNoneService contribution margin
/operating_model/cells/base_2027q3_service_margin:base/periodNone2027Q3
/operating_model/cells/base_2027q3_service_margin:base/unitNoneratio
/operating_model/cells/base_2027q3_service_margin:base/valueNone0.18
/operating_model/cells/base_2027q3_tra:base/basisNoneDesk cash allowance, not a conclusion that the $66.870M liability is extinguished.
/operating_model/cells/base_2027q3_tra:base/caseNonebase
/operating_model/cells/base_2027q3_tra:base/idNonebase_2027q3_tra
/operating_model/cells/base_2027q3_tra:base/kindNoneassumption
/operating_model/cells/base_2027q3_tra:base/labelNoneTRA cash payment
/operating_model/cells/base_2027q3_tra:base/periodNone2027Q3
/operating_model/cells/base_2027q3_tra:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_tra:base/valueNone0.0
/operating_model/cells/base_2027q3_transaction:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_transaction:base/caseNonebase
/operating_model/cells/base_2027q3_transaction:base/idNonebase_2027q3_transaction
/operating_model/cells/base_2027q3_transaction:base/kindNoneassumption
/operating_model/cells/base_2027q3_transaction:base/labelNoneTransaction and other operating expense
/operating_model/cells/base_2027q3_transaction:base/periodNone2027Q3
/operating_model/cells/base_2027q3_transaction:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_transaction:base/valueNone2.0
/operating_model/cells/base_2027q3_wc_use:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q3_wc_use:base/caseNonebase
/operating_model/cells/base_2027q3_wc_use:base/idNonebase_2027q3_wc_use
/operating_model/cells/base_2027q3_wc_use:base/kindNoneassumption
/operating_model/cells/base_2027q3_wc_use:base/labelNoneNet operating working-capital use
/operating_model/cells/base_2027q3_wc_use:base/periodNone2027Q3
/operating_model/cells/base_2027q3_wc_use:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_wc_use:base/valueNone20.0
/operating_model/cells/base_2027q4_activity:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_activity:base/caseNonebase
/operating_model/cells/base_2027q4_activity:base/idNonebase_2027q4_activity
/operating_model/cells/base_2027q4_activity:base/kindNoneassumption
/operating_model/cells/base_2027q4_activity:base/labelNoneActivity versus Q2
/operating_model/cells/base_2027q4_activity:base/periodNone2027Q4
/operating_model/cells/base_2027q4_activity:base/unitNoneratio
/operating_model/cells/base_2027q4_activity:base/valueNone1.06
/operating_model/cells/base_2027q4_adj_ebitda:base/basisNoneExcludes equity compensation, D&A and modeled nonrecurring transaction costs; ordinary operating costs remain.
/operating_model/cells/base_2027q4_adj_ebitda:base/caseNonebase
/operating_model/cells/base_2027q4_adj_ebitda:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_adj_ebitda:base/formula/refs/0Nonebase_2027q4_contribution
/operating_model/cells/base_2027q4_adj_ebitda:base/formula/refs/1Nonebase_2027q4_cash_overhead
/operating_model/cells/base_2027q4_adj_ebitda:base/idNonebase_2027q4_adj_ebitda
/operating_model/cells/base_2027q4_adj_ebitda:base/kindNonederived
/operating_model/cells/base_2027q4_adj_ebitda:base/labelNoneAdjusted EBITDA proxy
/operating_model/cells/base_2027q4_adj_ebitda:base/periodNone2027Q4
/operating_model/cells/base_2027q4_adj_ebitda:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_adj_ebitda:base/valueNone170.15195796799998
/operating_model/cells/base_2027q4_awards:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_awards:base/caseNonebase
/operating_model/cells/base_2027q4_awards:base/idNonebase_2027q4_awards
/operating_model/cells/base_2027q4_awards:base/kindNoneassumption
/operating_model/cells/base_2027q4_awards:base/labelNoneEmployee award withholding
/operating_model/cells/base_2027q4_awards:base/periodNone2027Q4
/operating_model/cells/base_2027q4_awards:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_awards:base/valueNone3.0
/operating_model/cells/base_2027q4_capex:base/basisNoneIncludes deposits once; not an additional deduction after capex.
/operating_model/cells/base_2027q4_capex:base/caseNonebase
/operating_model/cells/base_2027q4_capex:base/formula/opNonesum
/operating_model/cells/base_2027q4_capex:base/formula/refs/0Nonebase_2027q4_maintenance_capex
/operating_model/cells/base_2027q4_capex:base/formula/refs/1Nonebase_2027q4_power_capex
/operating_model/cells/base_2027q4_capex:base/idNonebase_2027q4_capex
/operating_model/cells/base_2027q4_capex:base/kindNonederived
/operating_model/cells/base_2027q4_capex:base/labelNoneGross cash PP&E and deposits
/operating_model/cells/base_2027q4_capex:base/periodNone2027Q4
/operating_model/cells/base_2027q4_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_capex:base/valueNone315.0
/operating_model/cells/base_2027q4_cash_after_claims:base/basisNoneBefore new financing, acquisitions, optional buybacks and asset-sale proceeds.
/operating_model/cells/base_2027q4_cash_after_claims:base/caseNonebase
/operating_model/cells/base_2027q4_cash_after_claims:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_cash_after_claims:base/formula/refs/0Nonebase_2027q4_fcf
/operating_model/cells/base_2027q4_cash_after_claims:base/formula/refs/1Nonebase_2027q4_claims
/operating_model/cells/base_2027q4_cash_after_claims:base/idNonebase_2027q4_cash_after_claims
/operating_model/cells/base_2027q4_cash_after_claims:base/kindNonederived
/operating_model/cells/base_2027q4_cash_after_claims:base/labelNoneCash after investment and capital claims
/operating_model/cells/base_2027q4_cash_after_claims:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cash_after_claims:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_cash_after_claims:base/valueNone-226.92454203200003
/operating_model/cells/base_2027q4_cash_interest:base/basisNoneSmall-loan and finance-lease interest, less cash yield; convertible notes have no regular coupon.
/operating_model/cells/base_2027q4_cash_interest:base/caseNonebase
/operating_model/cells/base_2027q4_cash_interest:base/idNonebase_2027q4_cash_interest
/operating_model/cells/base_2027q4_cash_interest:base/kindNoneassumption
/operating_model/cells/base_2027q4_cash_interest:base/labelNoneCash interest net of investment income
/operating_model/cells/base_2027q4_cash_interest:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cash_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_cash_interest:base/valueNone6.0
/operating_model/cells/base_2027q4_cash_overhead:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_cash_overhead:base/caseNonebase
/operating_model/cells/base_2027q4_cash_overhead:base/idNonebase_2027q4_cash_overhead
/operating_model/cells/base_2027q4_cash_overhead:base/kindNoneassumption
/operating_model/cells/base_2027q4_cash_overhead:base/labelNoneG&A excluding stock compensation
/operating_model/cells/base_2027q4_cash_overhead:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cash_overhead:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_cash_overhead:base/valueNone64.5
/operating_model/cells/base_2027q4_cash_tax:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_cash_tax:base/caseNonebase
/operating_model/cells/base_2027q4_cash_tax:base/idNonebase_2027q4_cash_tax
/operating_model/cells/base_2027q4_cash_tax:base/kindNoneassumption
/operating_model/cells/base_2027q4_cash_tax:base/labelNoneCash income taxes
/operating_model/cells/base_2027q4_cash_tax:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_cash_tax:base/valueNone22.0
/operating_model/cells/base_2027q4_cfo:base/basisNoneDoes not repeat noncash investment marks as cash generation.
/operating_model/cells/base_2027q4_cfo:base/caseNonebase
/operating_model/cells/base_2027q4_cfo:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_cfo:base/formula/refs/0Nonebase_2027q4_adj_ebitda
/operating_model/cells/base_2027q4_cfo:base/formula/refs/1Nonebase_2027q4_cfo_uses
/operating_model/cells/base_2027q4_cfo:base/idNonebase_2027q4_cfo
/operating_model/cells/base_2027q4_cfo:base/kindNonederived
/operating_model/cells/base_2027q4_cfo:base/labelNoneOperating cash flow proxy
/operating_model/cells/base_2027q4_cfo:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_cfo:base/valueNone135.15195796799998
/operating_model/cells/base_2027q4_cfo_uses:base/basisNoneLease principal and TRA remain below CFO; transaction costs remain cash uses.
/operating_model/cells/base_2027q4_cfo_uses:base/caseNonebase
/operating_model/cells/base_2027q4_cfo_uses:base/formula/opNonesum
/operating_model/cells/base_2027q4_cfo_uses:base/formula/refs/0Nonebase_2027q4_cash_interest
/operating_model/cells/base_2027q4_cfo_uses:base/formula/refs/1Nonebase_2027q4_cash_tax
/operating_model/cells/base_2027q4_cfo_uses:base/formula/refs/2Nonebase_2027q4_wc_use
/operating_model/cells/base_2027q4_cfo_uses:base/formula/refs/3Nonebase_2027q4_transaction
/operating_model/cells/base_2027q4_cfo_uses:base/idNonebase_2027q4_cfo_uses
/operating_model/cells/base_2027q4_cfo_uses:base/kindNonederived
/operating_model/cells/base_2027q4_cfo_uses:base/labelNoneCash interest taxes working capital and transaction costs
/operating_model/cells/base_2027q4_cfo_uses:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cfo_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_cfo_uses:base/valueNone35.0
/operating_model/cells/base_2027q4_claims:base/basisNoneFinancing/equity-investment outflows; no new borrowing included.
/operating_model/cells/base_2027q4_claims:base/caseNonebase
/operating_model/cells/base_2027q4_claims:base/formula/opNonesum
/operating_model/cells/base_2027q4_claims:base/formula/refs/0Nonebase_2027q4_lease_principal
/operating_model/cells/base_2027q4_claims:base/formula/refs/1Nonebase_2027q4_tra
/operating_model/cells/base_2027q4_claims:base/formula/refs/2Nonebase_2027q4_dividends
/operating_model/cells/base_2027q4_claims:base/formula/refs/3Nonebase_2027q4_debt_principal
/operating_model/cells/base_2027q4_claims:base/formula/refs/4Nonebase_2027q4_awards
/operating_model/cells/base_2027q4_claims:base/formula/refs/5Nonebase_2027q4_investments
/operating_model/cells/base_2027q4_claims:base/idNonebase_2027q4_claims
/operating_model/cells/base_2027q4_claims:base/kindNonederived
/operating_model/cells/base_2027q4_claims:base/labelNoneAdditional cash uses
/operating_model/cells/base_2027q4_claims:base/periodNone2027Q4
/operating_model/cells/base_2027q4_claims:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_claims:base/valueNone47.0765
/operating_model/cells/base_2027q4_contribution:base/basisNoneCompany does not report these as separate historical segments.
/operating_model/cells/base_2027q4_contribution:base/caseNonebase
/operating_model/cells/base_2027q4_contribution:base/formula/opNonesum
/operating_model/cells/base_2027q4_contribution:base/formula/refs/0Nonebase_2027q4_existing_contribution
/operating_model/cells/base_2027q4_contribution:base/formula/refs/1Nonebase_2027q4_power_contribution
/operating_model/cells/base_2027q4_contribution:base/idNonebase_2027q4_contribution
/operating_model/cells/base_2027q4_contribution:base/kindNonederived
/operating_model/cells/base_2027q4_contribution:base/labelNoneService contribution before overhead and D&A
/operating_model/cells/base_2027q4_contribution:base/periodNone2027Q4
/operating_model/cells/base_2027q4_contribution:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_contribution:base/valueNone234.65195796799998
/operating_model/cells/base_2027q4_da:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_da:base/caseNonebase
/operating_model/cells/base_2027q4_da:base/idNonebase_2027q4_da
/operating_model/cells/base_2027q4_da:base/kindNoneassumption
/operating_model/cells/base_2027q4_da:base/labelNoneDepreciation depletion and amortization
/operating_model/cells/base_2027q4_da:base/periodNone2027Q4
/operating_model/cells/base_2027q4_da:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_da:base/valueNone131.0
/operating_model/cells/base_2027q4_debt_principal:base/basisNoneRemainder 2026 $4.961M and 2027 $11.906M disclosed debt maturities, evenly allocated.
/operating_model/cells/base_2027q4_debt_principal:base/caseNonebase
/operating_model/cells/base_2027q4_debt_principal:base/idNonebase_2027q4_debt_principal
/operating_model/cells/base_2027q4_debt_principal:base/kindNoneassumption
/operating_model/cells/base_2027q4_debt_principal:base/labelNoneSmall-loan principal
/operating_model/cells/base_2027q4_debt_principal:base/periodNone2027Q4
/operating_model/cells/base_2027q4_debt_principal:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_debt_principal:base/valueNone2.9765
/operating_model/cells/base_2027q4_dividends:base/basisNoneApproximately $0.09 per share quarterly, including allowance for award equivalents; future board declarations required.
/operating_model/cells/base_2027q4_dividends:base/caseNonebase
/operating_model/cells/base_2027q4_dividends:base/idNonebase_2027q4_dividends
/operating_model/cells/base_2027q4_dividends:base/kindNoneassumption
/operating_model/cells/base_2027q4_dividends:base/labelNoneCommon dividends and equivalents
/operating_model/cells/base_2027q4_dividends:base/periodNone2027Q4
/operating_model/cells/base_2027q4_dividends:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_dividends:base/valueNone15.1
/operating_model/cells/base_2027q4_existing_contribution:base/basisNoneCost of services excludes D&A.
/operating_model/cells/base_2027q4_existing_contribution:base/caseNonebase
/operating_model/cells/base_2027q4_existing_contribution:base/formula/opNonemultiply
/operating_model/cells/base_2027q4_existing_contribution:base/formula/refs/0Nonebase_2027q4_existing_revenue
/operating_model/cells/base_2027q4_existing_contribution:base/formula/refs/1Nonebase_2027q4_service_margin
/operating_model/cells/base_2027q4_existing_contribution:base/idNonebase_2027q4_existing_contribution
/operating_model/cells/base_2027q4_existing_contribution:base/kindNonederived
/operating_model/cells/base_2027q4_existing_contribution:base/labelNoneExisting-business contribution
/operating_model/cells/base_2027q4_existing_contribution:base/periodNone2027Q4
/operating_model/cells/base_2027q4_existing_contribution:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_existing_contribution:base/valueNone229.05195796799998
/operating_model/cells/base_2027q4_existing_revenue:base/basisNoneConsolidated anchor already includes existing power-related activity.
/operating_model/cells/base_2027q4_existing_revenue:base/caseNonebase
/operating_model/cells/base_2027q4_existing_revenue:base/formula/opNonemultiply
/operating_model/cells/base_2027q4_existing_revenue:base/formula/refs/0Noneq2_revenue
/operating_model/cells/base_2027q4_existing_revenue:base/formula/refs/1Nonebase_2027q4_activity
/operating_model/cells/base_2027q4_existing_revenue:base/formula/refs/2Nonebase_2027q4_price
/operating_model/cells/base_2027q4_existing_revenue:base/idNonebase_2027q4_existing_revenue
/operating_model/cells/base_2027q4_existing_revenue:base/kindNonederived
/operating_model/cells/base_2027q4_existing_revenue:base/labelNoneExisting business revenue
/operating_model/cells/base_2027q4_existing_revenue:base/periodNone2027Q4
/operating_model/cells/base_2027q4_existing_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_existing_revenue:base/valueNone1272.5108776
/operating_model/cells/base_2027q4_fcf:base/basisNoneNo disposal proceeds netted against cash PP&E.
/operating_model/cells/base_2027q4_fcf:base/caseNonebase
/operating_model/cells/base_2027q4_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_fcf:base/formula/refs/0Nonebase_2027q4_cfo
/operating_model/cells/base_2027q4_fcf:base/formula/refs/1Nonebase_2027q4_capex
/operating_model/cells/base_2027q4_fcf:base/idNonebase_2027q4_fcf
/operating_model/cells/base_2027q4_fcf:base/kindNonederived
/operating_model/cells/base_2027q4_fcf:base/labelNoneCFO less gross PP&E
/operating_model/cells/base_2027q4_fcf:base/periodNone2027Q4
/operating_model/cells/base_2027q4_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_fcf:base/valueNone-179.84804203200002
/operating_model/cells/base_2027q4_gaap_deductions:base/basisNoneNo investment fair-value gains in operating earnings.
/operating_model/cells/base_2027q4_gaap_deductions:base/caseNonebase
/operating_model/cells/base_2027q4_gaap_deductions:base/formula/opNonesum
/operating_model/cells/base_2027q4_gaap_deductions:base/formula/refs/0Nonebase_2027q4_sbc
/operating_model/cells/base_2027q4_gaap_deductions:base/formula/refs/1Nonebase_2027q4_da
/operating_model/cells/base_2027q4_gaap_deductions:base/formula/refs/2Nonebase_2027q4_transaction
/operating_model/cells/base_2027q4_gaap_deductions:base/idNonebase_2027q4_gaap_deductions
/operating_model/cells/base_2027q4_gaap_deductions:base/kindNonederived
/operating_model/cells/base_2027q4_gaap_deductions:base/labelNoneD&A, equity expense and transaction costs
/operating_model/cells/base_2027q4_gaap_deductions:base/periodNone2027Q4
/operating_model/cells/base_2027q4_gaap_deductions:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_gaap_deductions:base/valueNone145.0
/operating_model/cells/base_2027q4_investments:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_investments:base/caseNonebase
/operating_model/cells/base_2027q4_investments:base/idNonebase_2027q4_investments
/operating_model/cells/base_2027q4_investments:base/kindNoneassumption
/operating_model/cells/base_2027q4_investments:base/labelNoneEquity investment purchases
/operating_model/cells/base_2027q4_investments:base/periodNone2027Q4
/operating_model/cells/base_2027q4_investments:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_investments:base/valueNone7.0
/operating_model/cells/base_2027q4_lease_principal:base/basisNoneDesk allocation informed by remaining 2026 gross lease payments $79.705M and 2027 $87.432M, including interest. Interest is separately in CFO.
/operating_model/cells/base_2027q4_lease_principal:base/caseNonebase
/operating_model/cells/base_2027q4_lease_principal:base/idNonebase_2027q4_lease_principal
/operating_model/cells/base_2027q4_lease_principal:base/kindNoneassumption
/operating_model/cells/base_2027q4_lease_principal:base/labelNoneFinance-lease principal
/operating_model/cells/base_2027q4_lease_principal:base/periodNone2027Q4
/operating_model/cells/base_2027q4_lease_principal:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_lease_principal:base/valueNone19.0
/operating_model/cells/base_2027q4_maintenance_capex:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_maintenance_capex:base/caseNonebase
/operating_model/cells/base_2027q4_maintenance_capex:base/idNonebase_2027q4_maintenance_capex
/operating_model/cells/base_2027q4_maintenance_capex:base/kindNoneassumption
/operating_model/cells/base_2027q4_maintenance_capex:base/labelNoneExisting fleet and other PP&E cash
/operating_model/cells/base_2027q4_maintenance_capex:base/periodNone2027Q4
/operating_model/cells/base_2027q4_maintenance_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_maintenance_capex:base/valueNone125.0
/operating_model/cells/base_2027q4_new_power:base/basisNoneDesk revenue sensitivity only; no customer contract revenue per MW was disclosed for PowerBridge.
/operating_model/cells/base_2027q4_new_power:base/caseNonebase
/operating_model/cells/base_2027q4_new_power:base/idNonebase_2027q4_new_power
/operating_model/cells/base_2027q4_new_power:base/kindNoneassumption
/operating_model/cells/base_2027q4_new_power:base/labelNoneIncremental new-project power revenue
/operating_model/cells/base_2027q4_new_power:base/periodNone2027Q4
/operating_model/cells/base_2027q4_new_power:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_new_power:base/valueNone20.0
/operating_model/cells/base_2027q4_operating_income:base/basisNoneAssumes no net disposal gain/loss or impairment; separate downside risks.
/operating_model/cells/base_2027q4_operating_income:base/caseNonebase
/operating_model/cells/base_2027q4_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_operating_income:base/formula/refs/0Nonebase_2027q4_adj_ebitda
/operating_model/cells/base_2027q4_operating_income:base/formula/refs/1Nonebase_2027q4_gaap_deductions
/operating_model/cells/base_2027q4_operating_income:base/idNonebase_2027q4_operating_income
/operating_model/cells/base_2027q4_operating_income:base/kindNonederived
/operating_model/cells/base_2027q4_operating_income:base/labelNoneGAAP operating income proxy
/operating_model/cells/base_2027q4_operating_income:base/periodNone2027Q4
/operating_model/cells/base_2027q4_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_operating_income:base/valueNone25.151957967999977
/operating_model/cells/base_2027q4_power_capex:base/basisNoneScenario allocation within aggregate capex; redacted equipment milestones prevent an exact contractual schedule.
/operating_model/cells/base_2027q4_power_capex:base/caseNonebase
/operating_model/cells/base_2027q4_power_capex:base/idNonebase_2027q4_power_capex
/operating_model/cells/base_2027q4_power_capex:base/kindNoneassumption
/operating_model/cells/base_2027q4_power_capex:base/labelNonePower engines deposits and buildout cash
/operating_model/cells/base_2027q4_power_capex:base/periodNone2027Q4
/operating_model/cells/base_2027q4_power_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_power_capex:base/valueNone190.0
/operating_model/cells/base_2027q4_power_contribution:base/basisNoneIncremental modeled operations only.
/operating_model/cells/base_2027q4_power_contribution:base/caseNonebase
/operating_model/cells/base_2027q4_power_contribution:base/formula/opNonemultiply
/operating_model/cells/base_2027q4_power_contribution:base/formula/refs/0Nonebase_2027q4_new_power
/operating_model/cells/base_2027q4_power_contribution:base/formula/refs/1Nonebase_2027q4_power_margin
/operating_model/cells/base_2027q4_power_contribution:base/idNonebase_2027q4_power_contribution
/operating_model/cells/base_2027q4_power_contribution:base/kindNonederived
/operating_model/cells/base_2027q4_power_contribution:base/labelNoneNew power contribution
/operating_model/cells/base_2027q4_power_contribution:base/periodNone2027Q4
/operating_model/cells/base_2027q4_power_contribution:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_power_contribution:base/valueNone5.6000000000000005
/operating_model/cells/base_2027q4_power_margin:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_power_margin:base/caseNonebase
/operating_model/cells/base_2027q4_power_margin:base/idNonebase_2027q4_power_margin
/operating_model/cells/base_2027q4_power_margin:base/kindNoneassumption
/operating_model/cells/base_2027q4_power_margin:base/labelNoneIncremental power contribution margin
/operating_model/cells/base_2027q4_power_margin:base/periodNone2027Q4
/operating_model/cells/base_2027q4_power_margin:base/unitNoneratio
/operating_model/cells/base_2027q4_power_margin:base/valueNone0.28
/operating_model/cells/base_2027q4_price:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_price:base/caseNonebase
/operating_model/cells/base_2027q4_price:base/idNonebase_2027q4_price
/operating_model/cells/base_2027q4_price:base/kindNoneassumption
/operating_model/cells/base_2027q4_price:base/labelNonePricing/mix versus Q2
/operating_model/cells/base_2027q4_price:base/periodNone2027Q4
/operating_model/cells/base_2027q4_price:base/unitNoneratio
/operating_model/cells/base_2027q4_price:base/valueNone1.01
/operating_model/cells/base_2027q4_revenue:base/basisNoneNo revenue from buying engines or announcing capacity.
/operating_model/cells/base_2027q4_revenue:base/caseNonebase
/operating_model/cells/base_2027q4_revenue:base/formula/opNonesum
/operating_model/cells/base_2027q4_revenue:base/formula/refs/0Nonebase_2027q4_existing_revenue
/operating_model/cells/base_2027q4_revenue:base/formula/refs/1Nonebase_2027q4_new_power
/operating_model/cells/base_2027q4_revenue:base/idNonebase_2027q4_revenue
/operating_model/cells/base_2027q4_revenue:base/kindNonederived
/operating_model/cells/base_2027q4_revenue:base/labelNoneConsolidated revenue
/operating_model/cells/base_2027q4_revenue:base/periodNone2027Q4
/operating_model/cells/base_2027q4_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_revenue:base/valueNone1292.5108776
/operating_model/cells/base_2027q4_sbc:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_sbc:base/caseNonebase
/operating_model/cells/base_2027q4_sbc:base/idNonebase_2027q4_sbc
/operating_model/cells/base_2027q4_sbc:base/kindNoneassumption
/operating_model/cells/base_2027q4_sbc:base/labelNoneStock compensation expense
/operating_model/cells/base_2027q4_sbc:base/periodNone2027Q4
/operating_model/cells/base_2027q4_sbc:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_sbc:base/valueNone12.0
/operating_model/cells/base_2027q4_service_margin:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_service_margin:base/caseNonebase
/operating_model/cells/base_2027q4_service_margin:base/idNonebase_2027q4_service_margin
/operating_model/cells/base_2027q4_service_margin:base/kindNoneassumption
/operating_model/cells/base_2027q4_service_margin:base/labelNoneService contribution margin
/operating_model/cells/base_2027q4_service_margin:base/periodNone2027Q4
/operating_model/cells/base_2027q4_service_margin:base/unitNoneratio
/operating_model/cells/base_2027q4_service_margin:base/valueNone0.18
/operating_model/cells/base_2027q4_tra:base/basisNoneDesk cash allowance, not a conclusion that the $66.870M liability is extinguished.
/operating_model/cells/base_2027q4_tra:base/caseNonebase
/operating_model/cells/base_2027q4_tra:base/idNonebase_2027q4_tra
/operating_model/cells/base_2027q4_tra:base/kindNoneassumption
/operating_model/cells/base_2027q4_tra:base/labelNoneTRA cash payment
/operating_model/cells/base_2027q4_tra:base/periodNone2027Q4
/operating_model/cells/base_2027q4_tra:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_tra:base/valueNone0.0
/operating_model/cells/base_2027q4_transaction:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_transaction:base/caseNonebase
/operating_model/cells/base_2027q4_transaction:base/idNonebase_2027q4_transaction
/operating_model/cells/base_2027q4_transaction:base/kindNoneassumption
/operating_model/cells/base_2027q4_transaction:base/labelNoneTransaction and other operating expense
/operating_model/cells/base_2027q4_transaction:base/periodNone2027Q4
/operating_model/cells/base_2027q4_transaction:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_transaction:base/valueNone2.0
/operating_model/cells/base_2027q4_wc_use:base/basisNoneDesk assumption; not company guidance.
/operating_model/cells/base_2027q4_wc_use:base/caseNonebase
/operating_model/cells/base_2027q4_wc_use:base/idNonebase_2027q4_wc_use
/operating_model/cells/base_2027q4_wc_use:base/kindNoneassumption
/operating_model/cells/base_2027q4_wc_use:base/labelNoneNet operating working-capital use
/operating_model/cells/base_2027q4_wc_use:base/periodNone2027Q4
/operating_model/cells/base_2027q4_wc_use:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_wc_use:base/valueNone5.0
/operating_model/cells/base_fy2026_adj_ebitda:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_adj_ebitda:base/caseNonebase
/operating_model/cells/base_fy2026_adj_ebitda:base/formula/opNonesum
/operating_model/cells/base_fy2026_adj_ebitda:base/formula/refs/0Noneh1_adj_ebitda
/operating_model/cells/base_fy2026_adj_ebitda:base/formula/refs/1Nonebase_2026q3_adj_ebitda
/operating_model/cells/base_fy2026_adj_ebitda:base/formula/refs/2Nonebase_2026q4_adj_ebitda
/operating_model/cells/base_fy2026_adj_ebitda:base/idNonebase_fy2026_adj_ebitda
/operating_model/cells/base_fy2026_adj_ebitda:base/kindNonederived
/operating_model/cells/base_fy2026_adj_ebitda:base/labelNoneAdjusted EBITDA proxy ($M)
/operating_model/cells/base_fy2026_adj_ebitda:base/periodNoneFY2026
/operating_model/cells/base_fy2026_adj_ebitda:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_adj_ebitda:base/valueNone597.9902406560001
/operating_model/cells/base_fy2026_capex:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_capex:base/caseNonebase
/operating_model/cells/base_fy2026_capex:base/formula/opNonesum
/operating_model/cells/base_fy2026_capex:base/formula/refs/0Noneh1_capex
/operating_model/cells/base_fy2026_capex:base/formula/refs/1Nonebase_2026q3_capex
/operating_model/cells/base_fy2026_capex:base/formula/refs/2Nonebase_2026q4_capex
/operating_model/cells/base_fy2026_capex:base/idNonebase_fy2026_capex
/operating_model/cells/base_fy2026_capex:base/kindNonederived
/operating_model/cells/base_fy2026_capex:base/labelNoneGross cash PP&E and deposits ($M)
/operating_model/cells/base_fy2026_capex:base/periodNoneFY2026
/operating_model/cells/base_fy2026_capex:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_capex:base/valueNone910.861
/operating_model/cells/base_fy2026_cash_after_claims:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_cash_after_claims:base/caseNonebase
/operating_model/cells/base_fy2026_cash_after_claims:base/formula/opNonesum
/operating_model/cells/base_fy2026_cash_after_claims:base/formula/refs/0Noneh1_cash_after_claims
/operating_model/cells/base_fy2026_cash_after_claims:base/formula/refs/1Nonebase_2026q3_cash_after_claims
/operating_model/cells/base_fy2026_cash_after_claims:base/formula/refs/2Nonebase_2026q4_cash_after_claims
/operating_model/cells/base_fy2026_cash_after_claims:base/idNonebase_fy2026_cash_after_claims
/operating_model/cells/base_fy2026_cash_after_claims:base/kindNonederived
/operating_model/cells/base_fy2026_cash_after_claims:base/labelNoneCash after investment and capital claims ($M)
/operating_model/cells/base_fy2026_cash_after_claims:base/periodNoneFY2026
/operating_model/cells/base_fy2026_cash_after_claims:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_cash_after_claims:base/valueNone-754.930759344
/operating_model/cells/base_fy2026_cfo:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_cfo:base/caseNonebase
/operating_model/cells/base_fy2026_cfo:base/formula/opNonesum
/operating_model/cells/base_fy2026_cfo:base/formula/refs/0Noneh1_cfo
/operating_model/cells/base_fy2026_cfo:base/formula/refs/1Nonebase_2026q3_cfo
/operating_model/cells/base_fy2026_cfo:base/formula/refs/2Nonebase_2026q4_cfo
/operating_model/cells/base_fy2026_cfo:base/idNonebase_fy2026_cfo
/operating_model/cells/base_fy2026_cfo:base/kindNonederived
/operating_model/cells/base_fy2026_cfo:base/labelNoneOperating cash flow proxy ($M)
/operating_model/cells/base_fy2026_cfo:base/periodNoneFY2026
/operating_model/cells/base_fy2026_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_cfo:base/valueNone395.4372406560001
/operating_model/cells/base_fy2026_dividends:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_dividends:base/caseNonebase
/operating_model/cells/base_fy2026_dividends:base/formula/opNonesum
/operating_model/cells/base_fy2026_dividends:base/formula/refs/0Noneh1_dividends
/operating_model/cells/base_fy2026_dividends:base/formula/refs/1Nonebase_2026q3_dividends
/operating_model/cells/base_fy2026_dividends:base/formula/refs/2Nonebase_2026q4_dividends
/operating_model/cells/base_fy2026_dividends:base/idNonebase_fy2026_dividends
/operating_model/cells/base_fy2026_dividends:base/kindNonederived
/operating_model/cells/base_fy2026_dividends:base/labelNoneCommon dividends and equivalents ($M)
/operating_model/cells/base_fy2026_dividends:base/periodNoneFY2026
/operating_model/cells/base_fy2026_dividends:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_dividends:base/valueNone60.519
/operating_model/cells/base_fy2026_fcf:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_fcf:base/caseNonebase
/operating_model/cells/base_fy2026_fcf:base/formula/opNonesum
/operating_model/cells/base_fy2026_fcf:base/formula/refs/0Noneh1_fcf
/operating_model/cells/base_fy2026_fcf:base/formula/refs/1Nonebase_2026q3_fcf
/operating_model/cells/base_fy2026_fcf:base/formula/refs/2Nonebase_2026q4_fcf
/operating_model/cells/base_fy2026_fcf:base/idNonebase_fy2026_fcf
/operating_model/cells/base_fy2026_fcf:base/kindNonederived
/operating_model/cells/base_fy2026_fcf:base/labelNoneCFO less gross cash PP&E ($M)
/operating_model/cells/base_fy2026_fcf:base/periodNoneFY2026
/operating_model/cells/base_fy2026_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_fcf:base/valueNone-515.4237593439999
/operating_model/cells/base_fy2026_lease_principal:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_lease_principal:base/caseNonebase
/operating_model/cells/base_fy2026_lease_principal:base/formula/opNonesum
/operating_model/cells/base_fy2026_lease_principal:base/formula/refs/0Noneh1_lease_principal
/operating_model/cells/base_fy2026_lease_principal:base/formula/refs/1Nonebase_2026q3_lease_principal
/operating_model/cells/base_fy2026_lease_principal:base/formula/refs/2Nonebase_2026q4_lease_principal
/operating_model/cells/base_fy2026_lease_principal:base/idNonebase_fy2026_lease_principal
/operating_model/cells/base_fy2026_lease_principal:base/kindNonederived
/operating_model/cells/base_fy2026_lease_principal:base/labelNoneFinance-lease principal ($M)
/operating_model/cells/base_fy2026_lease_principal:base/periodNoneFY2026
/operating_model/cells/base_fy2026_lease_principal:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_lease_principal:base/valueNone118.33500000000001
/operating_model/cells/base_fy2026_operating_income:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_operating_income:base/caseNonebase
/operating_model/cells/base_fy2026_operating_income:base/formula/opNonesum
/operating_model/cells/base_fy2026_operating_income:base/formula/refs/0Noneh1_operating_income
/operating_model/cells/base_fy2026_operating_income:base/formula/refs/1Nonebase_2026q3_operating_income
/operating_model/cells/base_fy2026_operating_income:base/formula/refs/2Nonebase_2026q4_operating_income
/operating_model/cells/base_fy2026_operating_income:base/idNonebase_fy2026_operating_income
/operating_model/cells/base_fy2026_operating_income:base/kindNonederived
/operating_model/cells/base_fy2026_operating_income:base/labelNoneGAAP operating income proxy ($M)
/operating_model/cells/base_fy2026_operating_income:base/periodNoneFY2026
/operating_model/cells/base_fy2026_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_operating_income:base/valueNone94.58924065600002
/operating_model/cells/base_fy2026_revenue:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_revenue:base/caseNonebase
/operating_model/cells/base_fy2026_revenue:base/formula/opNonesum
/operating_model/cells/base_fy2026_revenue:base/formula/refs/0Noneh1_revenue
/operating_model/cells/base_fy2026_revenue:base/formula/refs/1Nonebase_2026q3_revenue
/operating_model/cells/base_fy2026_revenue:base/formula/refs/2Nonebase_2026q4_revenue
/operating_model/cells/base_fy2026_revenue:base/idNonebase_fy2026_revenue
/operating_model/cells/base_fy2026_revenue:base/kindNonederived
/operating_model/cells/base_fy2026_revenue:base/labelNoneConsolidated revenue ($M)
/operating_model/cells/base_fy2026_revenue:base/periodNoneFY2026
/operating_model/cells/base_fy2026_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_revenue:base/valueNone4634.7535592
/operating_model/cells/base_fy2026_tra:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_tra:base/caseNonebase
/operating_model/cells/base_fy2026_tra:base/formula/opNonesum
/operating_model/cells/base_fy2026_tra:base/formula/refs/0Noneh1_tra
/operating_model/cells/base_fy2026_tra:base/formula/refs/1Nonebase_2026q3_tra
/operating_model/cells/base_fy2026_tra:base/formula/refs/2Nonebase_2026q4_tra
/operating_model/cells/base_fy2026_tra:base/idNonebase_fy2026_tra
/operating_model/cells/base_fy2026_tra:base/kindNonederived
/operating_model/cells/base_fy2026_tra:base/labelNoneTRA payments ($M)
/operating_model/cells/base_fy2026_tra:base/periodNoneFY2026
/operating_model/cells/base_fy2026_tra:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_tra:base/valueNone7.888
/operating_model/cells/base_fy2027_adj_ebitda:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_adj_ebitda:base/caseNonebase
/operating_model/cells/base_fy2027_adj_ebitda:base/formula/opNonesum
/operating_model/cells/base_fy2027_adj_ebitda:base/formula/refs/0Nonebase_2027q1_adj_ebitda
/operating_model/cells/base_fy2027_adj_ebitda:base/formula/refs/1Nonebase_2027q2_adj_ebitda
/operating_model/cells/base_fy2027_adj_ebitda:base/formula/refs/2Nonebase_2027q3_adj_ebitda
/operating_model/cells/base_fy2027_adj_ebitda:base/formula/refs/3Nonebase_2027q4_adj_ebitda
/operating_model/cells/base_fy2027_adj_ebitda:base/idNonebase_fy2027_adj_ebitda
/operating_model/cells/base_fy2027_adj_ebitda:base/kindNonederived
/operating_model/cells/base_fy2027_adj_ebitda:base/labelNoneAdjusted EBITDA proxy ($M)
/operating_model/cells/base_fy2027_adj_ebitda:base/periodNoneFY2027
/operating_model/cells/base_fy2027_adj_ebitda:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_adj_ebitda:base/valueNone674.9686993999999
/operating_model/cells/base_fy2027_capex:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_capex:base/caseNonebase
/operating_model/cells/base_fy2027_capex:base/formula/opNonesum
/operating_model/cells/base_fy2027_capex:base/formula/refs/0Nonebase_2027q1_capex
/operating_model/cells/base_fy2027_capex:base/formula/refs/1Nonebase_2027q2_capex
/operating_model/cells/base_fy2027_capex:base/formula/refs/2Nonebase_2027q3_capex
/operating_model/cells/base_fy2027_capex:base/formula/refs/3Nonebase_2027q4_capex
/operating_model/cells/base_fy2027_capex:base/idNonebase_fy2027_capex
/operating_model/cells/base_fy2027_capex:base/kindNonederived
/operating_model/cells/base_fy2027_capex:base/labelNoneGross cash PP&E and deposits ($M)
/operating_model/cells/base_fy2027_capex:base/periodNoneFY2027
/operating_model/cells/base_fy2027_capex:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_capex:base/valueNone1310.0
/operating_model/cells/base_fy2027_cash_after_claims:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_cash_after_claims:base/caseNonebase
/operating_model/cells/base_fy2027_cash_after_claims:base/formula/opNonesum
/operating_model/cells/base_fy2027_cash_after_claims:base/formula/refs/0Nonebase_2027q1_cash_after_claims
/operating_model/cells/base_fy2027_cash_after_claims:base/formula/refs/1Nonebase_2027q2_cash_after_claims
/operating_model/cells/base_fy2027_cash_after_claims:base/formula/refs/2Nonebase_2027q3_cash_after_claims
/operating_model/cells/base_fy2027_cash_after_claims:base/formula/refs/3Nonebase_2027q4_cash_after_claims
/operating_model/cells/base_fy2027_cash_after_claims:base/idNonebase_fy2027_cash_after_claims
/operating_model/cells/base_fy2027_cash_after_claims:base/kindNonederived
/operating_model/cells/base_fy2027_cash_after_claims:base/labelNoneCash after investment and capital claims ($M)
/operating_model/cells/base_fy2027_cash_after_claims:base/periodNoneFY2027
/operating_model/cells/base_fy2027_cash_after_claims:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_cash_after_claims:base/valueNone-1026.3373006000002
/operating_model/cells/base_fy2027_cfo:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_cfo:base/caseNonebase
/operating_model/cells/base_fy2027_cfo:base/formula/opNonesum
/operating_model/cells/base_fy2027_cfo:base/formula/refs/0Nonebase_2027q1_cfo
/operating_model/cells/base_fy2027_cfo:base/formula/refs/1Nonebase_2027q2_cfo
/operating_model/cells/base_fy2027_cfo:base/formula/refs/2Nonebase_2027q3_cfo
/operating_model/cells/base_fy2027_cfo:base/formula/refs/3Nonebase_2027q4_cfo
/operating_model/cells/base_fy2027_cfo:base/idNonebase_fy2027_cfo
/operating_model/cells/base_fy2027_cfo:base/kindNonederived
/operating_model/cells/base_fy2027_cfo:base/labelNoneOperating cash flow proxy ($M)
/operating_model/cells/base_fy2027_cfo:base/periodNoneFY2027
/operating_model/cells/base_fy2027_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_cfo:base/valueNone486.9686994
/operating_model/cells/base_fy2027_dividends:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_dividends:base/caseNonebase
/operating_model/cells/base_fy2027_dividends:base/formula/opNonesum
/operating_model/cells/base_fy2027_dividends:base/formula/refs/0Nonebase_2027q1_dividends
/operating_model/cells/base_fy2027_dividends:base/formula/refs/1Nonebase_2027q2_dividends
/operating_model/cells/base_fy2027_dividends:base/formula/refs/2Nonebase_2027q3_dividends
/operating_model/cells/base_fy2027_dividends:base/formula/refs/3Nonebase_2027q4_dividends
/operating_model/cells/base_fy2027_dividends:base/idNonebase_fy2027_dividends
/operating_model/cells/base_fy2027_dividends:base/kindNonederived
/operating_model/cells/base_fy2027_dividends:base/labelNoneCommon dividends and equivalents ($M)
/operating_model/cells/base_fy2027_dividends:base/periodNoneFY2027
/operating_model/cells/base_fy2027_dividends:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_dividends:base/valueNone60.4
/operating_model/cells/base_fy2027_fcf:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_fcf:base/caseNonebase
/operating_model/cells/base_fy2027_fcf:base/formula/opNonesum
/operating_model/cells/base_fy2027_fcf:base/formula/refs/0Nonebase_2027q1_fcf
/operating_model/cells/base_fy2027_fcf:base/formula/refs/1Nonebase_2027q2_fcf
/operating_model/cells/base_fy2027_fcf:base/formula/refs/2Nonebase_2027q3_fcf
/operating_model/cells/base_fy2027_fcf:base/formula/refs/3Nonebase_2027q4_fcf
/operating_model/cells/base_fy2027_fcf:base/idNonebase_fy2027_fcf
/operating_model/cells/base_fy2027_fcf:base/kindNonederived
/operating_model/cells/base_fy2027_fcf:base/labelNoneCFO less gross cash PP&E ($M)
/operating_model/cells/base_fy2027_fcf:base/periodNoneFY2027
/operating_model/cells/base_fy2027_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_fcf:base/valueNone-823.0313006000001
/operating_model/cells/base_fy2027_lease_principal:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_lease_principal:base/caseNonebase
/operating_model/cells/base_fy2027_lease_principal:base/formula/opNonesum
/operating_model/cells/base_fy2027_lease_principal:base/formula/refs/0Nonebase_2027q1_lease_principal
/operating_model/cells/base_fy2027_lease_principal:base/formula/refs/1Nonebase_2027q2_lease_principal
/operating_model/cells/base_fy2027_lease_principal:base/formula/refs/2Nonebase_2027q3_lease_principal
/operating_model/cells/base_fy2027_lease_principal:base/formula/refs/3Nonebase_2027q4_lease_principal
/operating_model/cells/base_fy2027_lease_principal:base/idNonebase_fy2027_lease_principal
/operating_model/cells/base_fy2027_lease_principal:base/kindNonederived
/operating_model/cells/base_fy2027_lease_principal:base/labelNoneFinance-lease principal ($M)
/operating_model/cells/base_fy2027_lease_principal:base/periodNoneFY2027
/operating_model/cells/base_fy2027_lease_principal:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_lease_principal:base/valueNone76.0
/operating_model/cells/base_fy2027_operating_income:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_operating_income:base/caseNonebase
/operating_model/cells/base_fy2027_operating_income:base/formula/opNonesum
/operating_model/cells/base_fy2027_operating_income:base/formula/refs/0Nonebase_2027q1_operating_income
/operating_model/cells/base_fy2027_operating_income:base/formula/refs/1Nonebase_2027q2_operating_income
/operating_model/cells/base_fy2027_operating_income:base/formula/refs/2Nonebase_2027q3_operating_income
/operating_model/cells/base_fy2027_operating_income:base/formula/refs/3Nonebase_2027q4_operating_income
/operating_model/cells/base_fy2027_operating_income:base/idNonebase_fy2027_operating_income
/operating_model/cells/base_fy2027_operating_income:base/kindNonederived
/operating_model/cells/base_fy2027_operating_income:base/labelNoneGAAP operating income proxy ($M)
/operating_model/cells/base_fy2027_operating_income:base/periodNoneFY2027
/operating_model/cells/base_fy2027_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_operating_income:base/valueNone115.3686994
/operating_model/cells/base_fy2027_revenue:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_revenue:base/caseNonebase
/operating_model/cells/base_fy2027_revenue:base/formula/opNonesum
/operating_model/cells/base_fy2027_revenue:base/formula/refs/0Nonebase_2027q1_revenue
/operating_model/cells/base_fy2027_revenue:base/formula/refs/1Nonebase_2027q2_revenue
/operating_model/cells/base_fy2027_revenue:base/formula/refs/2Nonebase_2027q3_revenue
/operating_model/cells/base_fy2027_revenue:base/formula/refs/3Nonebase_2027q4_revenue
/operating_model/cells/base_fy2027_revenue:base/idNonebase_fy2027_revenue
/operating_model/cells/base_fy2027_revenue:base/kindNonederived
/operating_model/cells/base_fy2027_revenue:base/labelNoneConsolidated revenue ($M)
/operating_model/cells/base_fy2027_revenue:base/periodNoneFY2027
/operating_model/cells/base_fy2027_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_revenue:base/valueNone5122.04833
/operating_model/cells/base_fy2027_tra:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_tra:base/caseNonebase
/operating_model/cells/base_fy2027_tra:base/formula/opNonesum
/operating_model/cells/base_fy2027_tra:base/formula/refs/0Nonebase_2027q1_tra
/operating_model/cells/base_fy2027_tra:base/formula/refs/1Nonebase_2027q2_tra
/operating_model/cells/base_fy2027_tra:base/formula/refs/2Nonebase_2027q3_tra
/operating_model/cells/base_fy2027_tra:base/formula/refs/3Nonebase_2027q4_tra
/operating_model/cells/base_fy2027_tra:base/idNonebase_fy2027_tra
/operating_model/cells/base_fy2027_tra:base/kindNonederived
/operating_model/cells/base_fy2027_tra:base/labelNoneTRA payments ($M)
/operating_model/cells/base_fy2027_tra:base/periodNoneFY2027
/operating_model/cells/base_fy2027_tra:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_tra:base/valueNone4.0
/operating_model/cells/capital_deposits:shared/basisNoneUSD millions. Aggregate engine contract prices/remaining commitments are approximate. CAT contract signed July 22. Capped-call and financing cash are H1 flows.
/operating_model/cells/capital_deposits:shared/caseNoneshared
/operating_model/cells/capital_deposits:shared/idNonecapital_deposits
/operating_model/cells/capital_deposits:shared/kindNonereported
/operating_model/cells/capital_deposits:shared/labelNonecapital deposits
/operating_model/cells/capital_deposits:shared/periodNoneJune/July 2026
/operating_model/cells/capital_deposits:shared/source_dateNone2026-07-23
/operating_model/cells/capital_deposits:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/capital_deposits:shared/unitNoneUSD_millions
/operating_model/cells/capital_deposits:shared/valueNone247.973
/operating_model/cells/capped_calls:shared/basisNoneUSD millions. Aggregate engine contract prices/remaining commitments are approximate. CAT contract signed July 22. Capped-call and financing cash are H1 flows.
/operating_model/cells/capped_calls:shared/caseNoneshared
/operating_model/cells/capped_calls:shared/idNonecapped_calls
/operating_model/cells/capped_calls:shared/kindNonereported
/operating_model/cells/capped_calls:shared/labelNonecapped calls
/operating_model/cells/capped_calls:shared/periodNoneJune/July 2026
/operating_model/cells/capped_calls:shared/source_dateNone2026-07-23
/operating_model/cells/capped_calls:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/capped_calls:shared/unitNoneUSD_millions
/operating_model/cells/capped_calls:shared/valueNone186.515
/operating_model/cells/cash:shared/basisNoneUSD millions. Aggregate engine contract prices/remaining commitments are approximate. CAT contract signed July 22. Capped-call and financing cash are H1 flows.
/operating_model/cells/cash:shared/caseNoneshared
/operating_model/cells/cash:shared/idNonecash
/operating_model/cells/cash:shared/kindNonereported
/operating_model/cells/cash:shared/labelNonecash
/operating_model/cells/cash:shared/periodNoneJune/July 2026
/operating_model/cells/cash:shared/source_dateNone2026-07-23
/operating_model/cells/cash:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/cash:shared/unitNoneUSD_millions
/operating_model/cells/cash:shared/valueNone555.359
/operating_model/cells/cat_contract:shared/basisNoneUSD millions. Aggregate engine contract prices/remaining commitments are approximate. CAT contract signed July 22. Capped-call and financing cash are H1 flows.
/operating_model/cells/cat_contract:shared/caseNoneshared
/operating_model/cells/cat_contract:shared/idNonecat_contract
/operating_model/cells/cat_contract:shared/kindNonereported
/operating_model/cells/cat_contract:shared/labelNonecat contract
/operating_model/cells/cat_contract:shared/periodNoneJune/July 2026
/operating_model/cells/cat_contract:shared/source_dateNone2026-07-23
/operating_model/cells/cat_contract:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/cat_contract:shared/unitNoneUSD_millions
/operating_model/cells/cat_contract:shared/valueNone801.0
/operating_model/cells/convert_principal:shared/basisNoneUSD millions. Aggregate engine contract prices/remaining commitments are approximate. CAT contract signed July 22. Capped-call and financing cash are H1 flows.
/operating_model/cells/convert_principal:shared/caseNoneshared
/operating_model/cells/convert_principal:shared/idNoneconvert_principal
/operating_model/cells/convert_principal:shared/kindNonereported
/operating_model/cells/convert_principal:shared/labelNoneconvert principal
/operating_model/cells/convert_principal:shared/periodNoneJune/July 2026
/operating_model/cells/convert_principal:shared/source_dateNone2026-07-23
/operating_model/cells/convert_principal:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/convert_principal:shared/unitNoneUSD_millions
/operating_model/cells/convert_principal:shared/valueNone1295.0
/operating_model/cells/downside_2026q3_activity:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_activity:downside/caseNonedownside
/operating_model/cells/downside_2026q3_activity:downside/idNonedownside_2026q3_activity
/operating_model/cells/downside_2026q3_activity:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_activity:downside/labelNoneActivity versus Q2
/operating_model/cells/downside_2026q3_activity:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_activity:downside/unitNoneratio
/operating_model/cells/downside_2026q3_activity:downside/valueNone0.97
/operating_model/cells/downside_2026q3_adj_ebitda:downside/basisNoneExcludes equity compensation, D&A and modeled nonrecurring transaction costs; ordinary operating costs remain.
/operating_model/cells/downside_2026q3_adj_ebitda:downside/caseNonedownside
/operating_model/cells/downside_2026q3_adj_ebitda:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q3_adj_ebitda:downside/formula/refs/0Nonedownside_2026q3_contribution
/operating_model/cells/downside_2026q3_adj_ebitda:downside/formula/refs/1Nonedownside_2026q3_cash_overhead
/operating_model/cells/downside_2026q3_adj_ebitda:downside/idNonedownside_2026q3_adj_ebitda
/operating_model/cells/downside_2026q3_adj_ebitda:downside/kindNonederived
/operating_model/cells/downside_2026q3_adj_ebitda:downside/labelNoneAdjusted EBITDA proxy
/operating_model/cells/downside_2026q3_adj_ebitda:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_adj_ebitda:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_adj_ebitda:downside/valueNone124.62539820800001
/operating_model/cells/downside_2026q3_awards:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_awards:downside/caseNonedownside
/operating_model/cells/downside_2026q3_awards:downside/idNonedownside_2026q3_awards
/operating_model/cells/downside_2026q3_awards:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_awards:downside/labelNoneEmployee award withholding
/operating_model/cells/downside_2026q3_awards:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_awards:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_awards:downside/valueNone3.0
/operating_model/cells/downside_2026q3_capex:downside/basisNoneIncludes deposits once; not an additional deduction after capex.
/operating_model/cells/downside_2026q3_capex:downside/caseNonedownside
/operating_model/cells/downside_2026q3_capex:downside/formula/opNonesum
/operating_model/cells/downside_2026q3_capex:downside/formula/refs/0Nonedownside_2026q3_maintenance_capex
/operating_model/cells/downside_2026q3_capex:downside/formula/refs/1Nonedownside_2026q3_power_capex
/operating_model/cells/downside_2026q3_capex:downside/idNonedownside_2026q3_capex
/operating_model/cells/downside_2026q3_capex:downside/kindNonederived
/operating_model/cells/downside_2026q3_capex:downside/labelNoneGross cash PP&E and deposits
/operating_model/cells/downside_2026q3_capex:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_capex:downside/valueNone285.0
/operating_model/cells/downside_2026q3_cash_after_claims:downside/basisNoneBefore new financing, acquisitions, optional buybacks and asset-sale proceeds.
/operating_model/cells/downside_2026q3_cash_after_claims:downside/caseNonedownside
/operating_model/cells/downside_2026q3_cash_after_claims:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q3_cash_after_claims:downside/formula/refs/0Nonedownside_2026q3_fcf
/operating_model/cells/downside_2026q3_cash_after_claims:downside/formula/refs/1Nonedownside_2026q3_claims
/operating_model/cells/downside_2026q3_cash_after_claims:downside/idNonedownside_2026q3_cash_after_claims
/operating_model/cells/downside_2026q3_cash_after_claims:downside/kindNonederived
/operating_model/cells/downside_2026q3_cash_after_claims:downside/labelNoneCash after investment and capital claims
/operating_model/cells/downside_2026q3_cash_after_claims:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_cash_after_claims:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_cash_after_claims:downside/valueNone-298.955101792
/operating_model/cells/downside_2026q3_cash_interest:downside/basisNoneSmall-loan and finance-lease interest, less cash yield; convertible notes have no regular coupon.
/operating_model/cells/downside_2026q3_cash_interest:downside/caseNonedownside
/operating_model/cells/downside_2026q3_cash_interest:downside/idNonedownside_2026q3_cash_interest
/operating_model/cells/downside_2026q3_cash_interest:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_cash_interest:downside/labelNoneCash interest net of investment income
/operating_model/cells/downside_2026q3_cash_interest:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_cash_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_cash_interest:downside/valueNone5.0
/operating_model/cells/downside_2026q3_cash_overhead:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_cash_overhead:downside/caseNonedownside
/operating_model/cells/downside_2026q3_cash_overhead:downside/idNonedownside_2026q3_cash_overhead
/operating_model/cells/downside_2026q3_cash_overhead:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_cash_overhead:downside/labelNoneG&A excluding stock compensation
/operating_model/cells/downside_2026q3_cash_overhead:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_cash_overhead:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_cash_overhead:downside/valueNone58.0
/operating_model/cells/downside_2026q3_cash_tax:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2026q3_cash_tax:downside/idNonedownside_2026q3_cash_tax
/operating_model/cells/downside_2026q3_cash_tax:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_cash_tax:downside/labelNoneCash income taxes
/operating_model/cells/downside_2026q3_cash_tax:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_cash_tax:downside/valueNone5.0
/operating_model/cells/downside_2026q3_cfo:downside/basisNoneDoes not repeat noncash investment marks as cash generation.
/operating_model/cells/downside_2026q3_cfo:downside/caseNonedownside
/operating_model/cells/downside_2026q3_cfo:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q3_cfo:downside/formula/refs/0Nonedownside_2026q3_adj_ebitda
/operating_model/cells/downside_2026q3_cfo:downside/formula/refs/1Nonedownside_2026q3_cfo_uses
/operating_model/cells/downside_2026q3_cfo:downside/idNonedownside_2026q3_cfo
/operating_model/cells/downside_2026q3_cfo:downside/kindNonederived
/operating_model/cells/downside_2026q3_cfo:downside/labelNoneOperating cash flow proxy
/operating_model/cells/downside_2026q3_cfo:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_cfo:downside/valueNone46.62539820800001
/operating_model/cells/downside_2026q3_cfo_uses:downside/basisNoneLease principal and TRA remain below CFO; transaction costs remain cash uses.
/operating_model/cells/downside_2026q3_cfo_uses:downside/caseNonedownside
/operating_model/cells/downside_2026q3_cfo_uses:downside/formula/opNonesum
/operating_model/cells/downside_2026q3_cfo_uses:downside/formula/refs/0Nonedownside_2026q3_cash_interest
/operating_model/cells/downside_2026q3_cfo_uses:downside/formula/refs/1Nonedownside_2026q3_cash_tax
/operating_model/cells/downside_2026q3_cfo_uses:downside/formula/refs/2Nonedownside_2026q3_wc_use
/operating_model/cells/downside_2026q3_cfo_uses:downside/formula/refs/3Nonedownside_2026q3_transaction
/operating_model/cells/downside_2026q3_cfo_uses:downside/idNonedownside_2026q3_cfo_uses
/operating_model/cells/downside_2026q3_cfo_uses:downside/kindNonederived
/operating_model/cells/downside_2026q3_cfo_uses:downside/labelNoneCash interest taxes working capital and transaction costs
/operating_model/cells/downside_2026q3_cfo_uses:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_cfo_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_cfo_uses:downside/valueNone78.0
/operating_model/cells/downside_2026q3_claims:downside/basisNoneFinancing/equity-investment outflows; no new borrowing included.
/operating_model/cells/downside_2026q3_claims:downside/caseNonedownside
/operating_model/cells/downside_2026q3_claims:downside/formula/opNonesum
/operating_model/cells/downside_2026q3_claims:downside/formula/refs/0Nonedownside_2026q3_lease_principal
/operating_model/cells/downside_2026q3_claims:downside/formula/refs/1Nonedownside_2026q3_tra
/operating_model/cells/downside_2026q3_claims:downside/formula/refs/2Nonedownside_2026q3_dividends
/operating_model/cells/downside_2026q3_claims:downside/formula/refs/3Nonedownside_2026q3_debt_principal
/operating_model/cells/downside_2026q3_claims:downside/formula/refs/4Nonedownside_2026q3_awards
/operating_model/cells/downside_2026q3_claims:downside/formula/refs/5Nonedownside_2026q3_investments
/operating_model/cells/downside_2026q3_claims:downside/idNonedownside_2026q3_claims
/operating_model/cells/downside_2026q3_claims:downside/kindNonederived
/operating_model/cells/downside_2026q3_claims:downside/labelNoneAdditional cash uses
/operating_model/cells/downside_2026q3_claims:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_claims:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_claims:downside/valueNone60.5805
/operating_model/cells/downside_2026q3_contribution:downside/basisNoneCompany does not report these as separate historical segments.
/operating_model/cells/downside_2026q3_contribution:downside/caseNonedownside
/operating_model/cells/downside_2026q3_contribution:downside/formula/opNonesum
/operating_model/cells/downside_2026q3_contribution:downside/formula/refs/0Nonedownside_2026q3_existing_contribution
/operating_model/cells/downside_2026q3_contribution:downside/formula/refs/1Nonedownside_2026q3_power_contribution
/operating_model/cells/downside_2026q3_contribution:downside/idNonedownside_2026q3_contribution
/operating_model/cells/downside_2026q3_contribution:downside/kindNonederived
/operating_model/cells/downside_2026q3_contribution:downside/labelNoneService contribution before overhead and D&A
/operating_model/cells/downside_2026q3_contribution:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_contribution:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_contribution:downside/valueNone182.625398208
/operating_model/cells/downside_2026q3_da:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_da:downside/caseNonedownside
/operating_model/cells/downside_2026q3_da:downside/idNonedownside_2026q3_da
/operating_model/cells/downside_2026q3_da:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_da:downside/labelNoneDepreciation depletion and amortization
/operating_model/cells/downside_2026q3_da:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_da:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_da:downside/valueNone116.0
/operating_model/cells/downside_2026q3_debt_principal:downside/basisNoneRemainder 2026 $4.961M and 2027 $11.906M disclosed debt maturities, evenly allocated.
/operating_model/cells/downside_2026q3_debt_principal:downside/caseNonedownside
/operating_model/cells/downside_2026q3_debt_principal:downside/idNonedownside_2026q3_debt_principal
/operating_model/cells/downside_2026q3_debt_principal:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_debt_principal:downside/labelNoneSmall-loan principal
/operating_model/cells/downside_2026q3_debt_principal:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_debt_principal:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_debt_principal:downside/valueNone2.4805
/operating_model/cells/downside_2026q3_dividends:downside/basisNoneApproximately $0.09 per share quarterly, including allowance for award equivalents; future board declarations required.
/operating_model/cells/downside_2026q3_dividends:downside/caseNonedownside
/operating_model/cells/downside_2026q3_dividends:downside/idNonedownside_2026q3_dividends
/operating_model/cells/downside_2026q3_dividends:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_dividends:downside/labelNoneCommon dividends and equivalents
/operating_model/cells/downside_2026q3_dividends:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_dividends:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_dividends:downside/valueNone15.1
/operating_model/cells/downside_2026q3_existing_contribution:downside/basisNoneCost of services excludes D&A.
/operating_model/cells/downside_2026q3_existing_contribution:downside/caseNonedownside
/operating_model/cells/downside_2026q3_existing_contribution:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q3_existing_contribution:downside/formula/refs/0Nonedownside_2026q3_existing_revenue
/operating_model/cells/downside_2026q3_existing_contribution:downside/formula/refs/1Nonedownside_2026q3_service_margin
/operating_model/cells/downside_2026q3_existing_contribution:downside/idNonedownside_2026q3_existing_contribution
/operating_model/cells/downside_2026q3_existing_contribution:downside/kindNonederived
/operating_model/cells/downside_2026q3_existing_contribution:downside/labelNoneExisting-business contribution
/operating_model/cells/downside_2026q3_existing_contribution:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_existing_contribution:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_existing_contribution:downside/valueNone182.625398208
/operating_model/cells/downside_2026q3_existing_revenue:downside/basisNoneConsolidated anchor already includes existing power-related activity.
/operating_model/cells/downside_2026q3_existing_revenue:downside/caseNonedownside
/operating_model/cells/downside_2026q3_existing_revenue:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q3_existing_revenue:downside/formula/refs/0Noneq2_revenue
/operating_model/cells/downside_2026q3_existing_revenue:downside/formula/refs/1Nonedownside_2026q3_activity
/operating_model/cells/downside_2026q3_existing_revenue:downside/formula/refs/2Nonedownside_2026q3_price
/operating_model/cells/downside_2026q3_existing_revenue:downside/idNonedownside_2026q3_existing_revenue
/operating_model/cells/downside_2026q3_existing_revenue:downside/kindNonederived
/operating_model/cells/downside_2026q3_existing_revenue:downside/labelNoneExisting business revenue
/operating_model/cells/downside_2026q3_existing_revenue:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_existing_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_existing_revenue:downside/valueNone1106.8205952
/operating_model/cells/downside_2026q3_fcf:downside/basisNoneNo disposal proceeds netted against cash PP&E.
/operating_model/cells/downside_2026q3_fcf:downside/caseNonedownside
/operating_model/cells/downside_2026q3_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q3_fcf:downside/formula/refs/0Nonedownside_2026q3_cfo
/operating_model/cells/downside_2026q3_fcf:downside/formula/refs/1Nonedownside_2026q3_capex
/operating_model/cells/downside_2026q3_fcf:downside/idNonedownside_2026q3_fcf
/operating_model/cells/downside_2026q3_fcf:downside/kindNonederived
/operating_model/cells/downside_2026q3_fcf:downside/labelNoneCFO less gross PP&E
/operating_model/cells/downside_2026q3_fcf:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_fcf:downside/valueNone-238.374601792
/operating_model/cells/downside_2026q3_gaap_deductions:downside/basisNoneNo investment fair-value gains in operating earnings.
/operating_model/cells/downside_2026q3_gaap_deductions:downside/caseNonedownside
/operating_model/cells/downside_2026q3_gaap_deductions:downside/formula/opNonesum
/operating_model/cells/downside_2026q3_gaap_deductions:downside/formula/refs/0Nonedownside_2026q3_sbc
/operating_model/cells/downside_2026q3_gaap_deductions:downside/formula/refs/1Nonedownside_2026q3_da
/operating_model/cells/downside_2026q3_gaap_deductions:downside/formula/refs/2Nonedownside_2026q3_transaction
/operating_model/cells/downside_2026q3_gaap_deductions:downside/idNonedownside_2026q3_gaap_deductions
/operating_model/cells/downside_2026q3_gaap_deductions:downside/kindNonederived
/operating_model/cells/downside_2026q3_gaap_deductions:downside/labelNoneD&A, equity expense and transaction costs
/operating_model/cells/downside_2026q3_gaap_deductions:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_gaap_deductions:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_gaap_deductions:downside/valueNone129.0
/operating_model/cells/downside_2026q3_investments:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_investments:downside/caseNonedownside
/operating_model/cells/downside_2026q3_investments:downside/idNonedownside_2026q3_investments
/operating_model/cells/downside_2026q3_investments:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_investments:downside/labelNoneEquity investment purchases
/operating_model/cells/downside_2026q3_investments:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_investments:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_investments:downside/valueNone5.0
/operating_model/cells/downside_2026q3_lease_principal:downside/basisNoneDesk allocation informed by remaining 2026 gross lease payments $79.705M and 2027 $87.432M, including interest. Interest is separately in CFO.
/operating_model/cells/downside_2026q3_lease_principal:downside/caseNonedownside
/operating_model/cells/downside_2026q3_lease_principal:downside/idNonedownside_2026q3_lease_principal
/operating_model/cells/downside_2026q3_lease_principal:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_lease_principal:downside/labelNoneFinance-lease principal
/operating_model/cells/downside_2026q3_lease_principal:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_lease_principal:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_lease_principal:downside/valueNone35.0
/operating_model/cells/downside_2026q3_maintenance_capex:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_maintenance_capex:downside/caseNonedownside
/operating_model/cells/downside_2026q3_maintenance_capex:downside/idNonedownside_2026q3_maintenance_capex
/operating_model/cells/downside_2026q3_maintenance_capex:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_maintenance_capex:downside/labelNoneExisting fleet and other PP&E cash
/operating_model/cells/downside_2026q3_maintenance_capex:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_maintenance_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_maintenance_capex:downside/valueNone115.0
/operating_model/cells/downside_2026q3_new_power:downside/basisNoneDesk revenue sensitivity only; no customer contract revenue per MW was disclosed for PowerBridge.
/operating_model/cells/downside_2026q3_new_power:downside/caseNonedownside
/operating_model/cells/downside_2026q3_new_power:downside/idNonedownside_2026q3_new_power
/operating_model/cells/downside_2026q3_new_power:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_new_power:downside/labelNoneIncremental new-project power revenue
/operating_model/cells/downside_2026q3_new_power:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_new_power:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_new_power:downside/valueNone0.0
/operating_model/cells/downside_2026q3_operating_income:downside/basisNoneAssumes no net disposal gain/loss or impairment; separate downside risks.
/operating_model/cells/downside_2026q3_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2026q3_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q3_operating_income:downside/formula/refs/0Nonedownside_2026q3_adj_ebitda
/operating_model/cells/downside_2026q3_operating_income:downside/formula/refs/1Nonedownside_2026q3_gaap_deductions
/operating_model/cells/downside_2026q3_operating_income:downside/idNonedownside_2026q3_operating_income
/operating_model/cells/downside_2026q3_operating_income:downside/kindNonederived
/operating_model/cells/downside_2026q3_operating_income:downside/labelNoneGAAP operating income proxy
/operating_model/cells/downside_2026q3_operating_income:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_operating_income:downside/valueNone-4.374601791999993
/operating_model/cells/downside_2026q3_power_capex:downside/basisNoneScenario allocation within aggregate capex; redacted equipment milestones prevent an exact contractual schedule.
/operating_model/cells/downside_2026q3_power_capex:downside/caseNonedownside
/operating_model/cells/downside_2026q3_power_capex:downside/idNonedownside_2026q3_power_capex
/operating_model/cells/downside_2026q3_power_capex:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_power_capex:downside/labelNonePower engines deposits and buildout cash
/operating_model/cells/downside_2026q3_power_capex:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_power_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_power_capex:downside/valueNone170.0
/operating_model/cells/downside_2026q3_power_contribution:downside/basisNoneIncremental modeled operations only.
/operating_model/cells/downside_2026q3_power_contribution:downside/caseNonedownside
/operating_model/cells/downside_2026q3_power_contribution:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q3_power_contribution:downside/formula/refs/0Nonedownside_2026q3_new_power
/operating_model/cells/downside_2026q3_power_contribution:downside/formula/refs/1Nonedownside_2026q3_power_margin
/operating_model/cells/downside_2026q3_power_contribution:downside/idNonedownside_2026q3_power_contribution
/operating_model/cells/downside_2026q3_power_contribution:downside/kindNonederived
/operating_model/cells/downside_2026q3_power_contribution:downside/labelNoneNew power contribution
/operating_model/cells/downside_2026q3_power_contribution:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_power_contribution:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_power_contribution:downside/valueNone0.0
/operating_model/cells/downside_2026q3_power_margin:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_power_margin:downside/caseNonedownside
/operating_model/cells/downside_2026q3_power_margin:downside/idNonedownside_2026q3_power_margin
/operating_model/cells/downside_2026q3_power_margin:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_power_margin:downside/labelNoneIncremental power contribution margin
/operating_model/cells/downside_2026q3_power_margin:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_power_margin:downside/unitNoneratio
/operating_model/cells/downside_2026q3_power_margin:downside/valueNone0.2
/operating_model/cells/downside_2026q3_price:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_price:downside/caseNonedownside
/operating_model/cells/downside_2026q3_price:downside/idNonedownside_2026q3_price
/operating_model/cells/downside_2026q3_price:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_price:downside/labelNonePricing/mix versus Q2
/operating_model/cells/downside_2026q3_price:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_price:downside/unitNoneratio
/operating_model/cells/downside_2026q3_price:downside/valueNone0.96
/operating_model/cells/downside_2026q3_revenue:downside/basisNoneNo revenue from buying engines or announcing capacity.
/operating_model/cells/downside_2026q3_revenue:downside/caseNonedownside
/operating_model/cells/downside_2026q3_revenue:downside/formula/opNonesum
/operating_model/cells/downside_2026q3_revenue:downside/formula/refs/0Nonedownside_2026q3_existing_revenue
/operating_model/cells/downside_2026q3_revenue:downside/formula/refs/1Nonedownside_2026q3_new_power
/operating_model/cells/downside_2026q3_revenue:downside/idNonedownside_2026q3_revenue
/operating_model/cells/downside_2026q3_revenue:downside/kindNonederived
/operating_model/cells/downside_2026q3_revenue:downside/labelNoneConsolidated revenue
/operating_model/cells/downside_2026q3_revenue:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_revenue:downside/valueNone1106.8205952
/operating_model/cells/downside_2026q3_sbc:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_sbc:downside/caseNonedownside
/operating_model/cells/downside_2026q3_sbc:downside/idNonedownside_2026q3_sbc
/operating_model/cells/downside_2026q3_sbc:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_sbc:downside/labelNoneStock compensation expense
/operating_model/cells/downside_2026q3_sbc:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_sbc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_sbc:downside/valueNone10.0
/operating_model/cells/downside_2026q3_service_margin:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_service_margin:downside/caseNonedownside
/operating_model/cells/downside_2026q3_service_margin:downside/idNonedownside_2026q3_service_margin
/operating_model/cells/downside_2026q3_service_margin:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_service_margin:downside/labelNoneService contribution margin
/operating_model/cells/downside_2026q3_service_margin:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_service_margin:downside/unitNoneratio
/operating_model/cells/downside_2026q3_service_margin:downside/valueNone0.165
/operating_model/cells/downside_2026q3_tra:downside/basisNoneDesk cash allowance, not a conclusion that the $66.870M liability is extinguished.
/operating_model/cells/downside_2026q3_tra:downside/caseNonedownside
/operating_model/cells/downside_2026q3_tra:downside/idNonedownside_2026q3_tra
/operating_model/cells/downside_2026q3_tra:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_tra:downside/labelNoneTRA cash payment
/operating_model/cells/downside_2026q3_tra:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_tra:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_tra:downside/valueNone0.0
/operating_model/cells/downside_2026q3_transaction:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_transaction:downside/caseNonedownside
/operating_model/cells/downside_2026q3_transaction:downside/idNonedownside_2026q3_transaction
/operating_model/cells/downside_2026q3_transaction:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_transaction:downside/labelNoneTransaction and other operating expense
/operating_model/cells/downside_2026q3_transaction:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_transaction:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_transaction:downside/valueNone3.0
/operating_model/cells/downside_2026q3_wc_use:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q3_wc_use:downside/caseNonedownside
/operating_model/cells/downside_2026q3_wc_use:downside/idNonedownside_2026q3_wc_use
/operating_model/cells/downside_2026q3_wc_use:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_wc_use:downside/labelNoneNet operating working-capital use
/operating_model/cells/downside_2026q3_wc_use:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_wc_use:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_wc_use:downside/valueNone65.0
/operating_model/cells/downside_2026q4_activity:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_activity:downside/caseNonedownside
/operating_model/cells/downside_2026q4_activity:downside/idNonedownside_2026q4_activity
/operating_model/cells/downside_2026q4_activity:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_activity:downside/labelNoneActivity versus Q2
/operating_model/cells/downside_2026q4_activity:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_activity:downside/unitNoneratio
/operating_model/cells/downside_2026q4_activity:downside/valueNone0.88
/operating_model/cells/downside_2026q4_adj_ebitda:downside/basisNoneExcludes equity compensation, D&A and modeled nonrecurring transaction costs; ordinary operating costs remain.
/operating_model/cells/downside_2026q4_adj_ebitda:downside/caseNonedownside
/operating_model/cells/downside_2026q4_adj_ebitda:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_adj_ebitda:downside/formula/refs/0Nonedownside_2026q4_contribution
/operating_model/cells/downside_2026q4_adj_ebitda:downside/formula/refs/1Nonedownside_2026q4_cash_overhead
/operating_model/cells/downside_2026q4_adj_ebitda:downside/idNonedownside_2026q4_adj_ebitda
/operating_model/cells/downside_2026q4_adj_ebitda:downside/kindNonederived
/operating_model/cells/downside_2026q4_adj_ebitda:downside/labelNoneAdjusted EBITDA proxy
/operating_model/cells/downside_2026q4_adj_ebitda:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_adj_ebitda:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_adj_ebitda:downside/valueNone106.18077363200001
/operating_model/cells/downside_2026q4_awards:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_awards:downside/caseNonedownside
/operating_model/cells/downside_2026q4_awards:downside/idNonedownside_2026q4_awards
/operating_model/cells/downside_2026q4_awards:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_awards:downside/labelNoneEmployee award withholding
/operating_model/cells/downside_2026q4_awards:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_awards:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_awards:downside/valueNone3.0
/operating_model/cells/downside_2026q4_capex:downside/basisNoneIncludes deposits once; not an additional deduction after capex.
/operating_model/cells/downside_2026q4_capex:downside/caseNonedownside
/operating_model/cells/downside_2026q4_capex:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_capex:downside/formula/refs/0Nonedownside_2026q4_maintenance_capex
/operating_model/cells/downside_2026q4_capex:downside/formula/refs/1Nonedownside_2026q4_power_capex
/operating_model/cells/downside_2026q4_capex:downside/idNonedownside_2026q4_capex
/operating_model/cells/downside_2026q4_capex:downside/kindNonederived
/operating_model/cells/downside_2026q4_capex:downside/labelNoneGross cash PP&E and deposits
/operating_model/cells/downside_2026q4_capex:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_capex:downside/valueNone305.0
/operating_model/cells/downside_2026q4_cash_after_claims:downside/basisNoneBefore new financing, acquisitions, optional buybacks and asset-sale proceeds.
/operating_model/cells/downside_2026q4_cash_after_claims:downside/caseNonedownside
/operating_model/cells/downside_2026q4_cash_after_claims:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_cash_after_claims:downside/formula/refs/0Nonedownside_2026q4_fcf
/operating_model/cells/downside_2026q4_cash_after_claims:downside/formula/refs/1Nonedownside_2026q4_claims
/operating_model/cells/downside_2026q4_cash_after_claims:downside/idNonedownside_2026q4_cash_after_claims
/operating_model/cells/downside_2026q4_cash_after_claims:downside/kindNonederived
/operating_model/cells/downside_2026q4_cash_after_claims:downside/labelNoneCash after investment and capital claims
/operating_model/cells/downside_2026q4_cash_after_claims:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_cash_after_claims:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_cash_after_claims:downside/valueNone-292.39972636799996
/operating_model/cells/downside_2026q4_cash_interest:downside/basisNoneSmall-loan and finance-lease interest, less cash yield; convertible notes have no regular coupon.
/operating_model/cells/downside_2026q4_cash_interest:downside/caseNonedownside
/operating_model/cells/downside_2026q4_cash_interest:downside/idNonedownside_2026q4_cash_interest
/operating_model/cells/downside_2026q4_cash_interest:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_cash_interest:downside/labelNoneCash interest net of investment income
/operating_model/cells/downside_2026q4_cash_interest:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_cash_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_cash_interest:downside/valueNone5.0
/operating_model/cells/downside_2026q4_cash_overhead:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_cash_overhead:downside/caseNonedownside
/operating_model/cells/downside_2026q4_cash_overhead:downside/idNonedownside_2026q4_cash_overhead
/operating_model/cells/downside_2026q4_cash_overhead:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_cash_overhead:downside/labelNoneG&A excluding stock compensation
/operating_model/cells/downside_2026q4_cash_overhead:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_cash_overhead:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_cash_overhead:downside/valueNone59.5
/operating_model/cells/downside_2026q4_cash_tax:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2026q4_cash_tax:downside/idNonedownside_2026q4_cash_tax
/operating_model/cells/downside_2026q4_cash_tax:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_cash_tax:downside/labelNoneCash income taxes
/operating_model/cells/downside_2026q4_cash_tax:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_cash_tax:downside/valueNone5.0
/operating_model/cells/downside_2026q4_cfo:downside/basisNoneDoes not repeat noncash investment marks as cash generation.
/operating_model/cells/downside_2026q4_cfo:downside/caseNonedownside
/operating_model/cells/downside_2026q4_cfo:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_cfo:downside/formula/refs/0Nonedownside_2026q4_adj_ebitda
/operating_model/cells/downside_2026q4_cfo:downside/formula/refs/1Nonedownside_2026q4_cfo_uses
/operating_model/cells/downside_2026q4_cfo:downside/idNonedownside_2026q4_cfo
/operating_model/cells/downside_2026q4_cfo:downside/kindNonederived
/operating_model/cells/downside_2026q4_cfo:downside/labelNoneOperating cash flow proxy
/operating_model/cells/downside_2026q4_cfo:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_cfo:downside/valueNone73.18077363200001
/operating_model/cells/downside_2026q4_cfo_uses:downside/basisNoneLease principal and TRA remain below CFO; transaction costs remain cash uses.
/operating_model/cells/downside_2026q4_cfo_uses:downside/caseNonedownside
/operating_model/cells/downside_2026q4_cfo_uses:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_cfo_uses:downside/formula/refs/0Nonedownside_2026q4_cash_interest
/operating_model/cells/downside_2026q4_cfo_uses:downside/formula/refs/1Nonedownside_2026q4_cash_tax
/operating_model/cells/downside_2026q4_cfo_uses:downside/formula/refs/2Nonedownside_2026q4_wc_use
/operating_model/cells/downside_2026q4_cfo_uses:downside/formula/refs/3Nonedownside_2026q4_transaction
/operating_model/cells/downside_2026q4_cfo_uses:downside/idNonedownside_2026q4_cfo_uses
/operating_model/cells/downside_2026q4_cfo_uses:downside/kindNonederived
/operating_model/cells/downside_2026q4_cfo_uses:downside/labelNoneCash interest taxes working capital and transaction costs
/operating_model/cells/downside_2026q4_cfo_uses:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_cfo_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_cfo_uses:downside/valueNone33.0
/operating_model/cells/downside_2026q4_claims:downside/basisNoneFinancing/equity-investment outflows; no new borrowing included.
/operating_model/cells/downside_2026q4_claims:downside/caseNonedownside
/operating_model/cells/downside_2026q4_claims:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_claims:downside/formula/refs/0Nonedownside_2026q4_lease_principal
/operating_model/cells/downside_2026q4_claims:downside/formula/refs/1Nonedownside_2026q4_tra
/operating_model/cells/downside_2026q4_claims:downside/formula/refs/2Nonedownside_2026q4_dividends
/operating_model/cells/downside_2026q4_claims:downside/formula/refs/3Nonedownside_2026q4_debt_principal
/operating_model/cells/downside_2026q4_claims:downside/formula/refs/4Nonedownside_2026q4_awards
/operating_model/cells/downside_2026q4_claims:downside/formula/refs/5Nonedownside_2026q4_investments
/operating_model/cells/downside_2026q4_claims:downside/idNonedownside_2026q4_claims
/operating_model/cells/downside_2026q4_claims:downside/kindNonederived
/operating_model/cells/downside_2026q4_claims:downside/labelNoneAdditional cash uses
/operating_model/cells/downside_2026q4_claims:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_claims:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_claims:downside/valueNone60.5805
/operating_model/cells/downside_2026q4_contribution:downside/basisNoneCompany does not report these as separate historical segments.
/operating_model/cells/downside_2026q4_contribution:downside/caseNonedownside
/operating_model/cells/downside_2026q4_contribution:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_contribution:downside/formula/refs/0Nonedownside_2026q4_existing_contribution
/operating_model/cells/downside_2026q4_contribution:downside/formula/refs/1Nonedownside_2026q4_power_contribution
/operating_model/cells/downside_2026q4_contribution:downside/idNonedownside_2026q4_contribution
/operating_model/cells/downside_2026q4_contribution:downside/kindNonederived
/operating_model/cells/downside_2026q4_contribution:downside/labelNoneService contribution before overhead and D&A
/operating_model/cells/downside_2026q4_contribution:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_contribution:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_contribution:downside/valueNone165.680773632
/operating_model/cells/downside_2026q4_da:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_da:downside/caseNonedownside
/operating_model/cells/downside_2026q4_da:downside/idNonedownside_2026q4_da
/operating_model/cells/downside_2026q4_da:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_da:downside/labelNoneDepreciation depletion and amortization
/operating_model/cells/downside_2026q4_da:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_da:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_da:downside/valueNone119.0
/operating_model/cells/downside_2026q4_debt_principal:downside/basisNoneRemainder 2026 $4.961M and 2027 $11.906M disclosed debt maturities, evenly allocated.
/operating_model/cells/downside_2026q4_debt_principal:downside/caseNonedownside
/operating_model/cells/downside_2026q4_debt_principal:downside/idNonedownside_2026q4_debt_principal
/operating_model/cells/downside_2026q4_debt_principal:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_debt_principal:downside/labelNoneSmall-loan principal
/operating_model/cells/downside_2026q4_debt_principal:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_debt_principal:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_debt_principal:downside/valueNone2.4805
/operating_model/cells/downside_2026q4_dividends:downside/basisNoneApproximately $0.09 per share quarterly, including allowance for award equivalents; future board declarations required.
/operating_model/cells/downside_2026q4_dividends:downside/caseNonedownside
/operating_model/cells/downside_2026q4_dividends:downside/idNonedownside_2026q4_dividends
/operating_model/cells/downside_2026q4_dividends:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_dividends:downside/labelNoneCommon dividends and equivalents
/operating_model/cells/downside_2026q4_dividends:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_dividends:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_dividends:downside/valueNone15.1
/operating_model/cells/downside_2026q4_existing_contribution:downside/basisNoneCost of services excludes D&A.
/operating_model/cells/downside_2026q4_existing_contribution:downside/caseNonedownside
/operating_model/cells/downside_2026q4_existing_contribution:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q4_existing_contribution:downside/formula/refs/0Nonedownside_2026q4_existing_revenue
/operating_model/cells/downside_2026q4_existing_contribution:downside/formula/refs/1Nonedownside_2026q4_service_margin
/operating_model/cells/downside_2026q4_existing_contribution:downside/idNonedownside_2026q4_existing_contribution
/operating_model/cells/downside_2026q4_existing_contribution:downside/kindNonederived
/operating_model/cells/downside_2026q4_existing_contribution:downside/labelNoneExisting-business contribution
/operating_model/cells/downside_2026q4_existing_contribution:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_existing_contribution:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_existing_contribution:downside/valueNone165.680773632
/operating_model/cells/downside_2026q4_existing_revenue:downside/basisNoneConsolidated anchor already includes existing power-related activity.
/operating_model/cells/downside_2026q4_existing_revenue:downside/caseNonedownside
/operating_model/cells/downside_2026q4_existing_revenue:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q4_existing_revenue:downside/formula/refs/0Noneq2_revenue
/operating_model/cells/downside_2026q4_existing_revenue:downside/formula/refs/1Nonedownside_2026q4_activity
/operating_model/cells/downside_2026q4_existing_revenue:downside/formula/refs/2Nonedownside_2026q4_price
/operating_model/cells/downside_2026q4_existing_revenue:downside/idNonedownside_2026q4_existing_revenue
/operating_model/cells/downside_2026q4_existing_revenue:downside/kindNonederived
/operating_model/cells/downside_2026q4_existing_revenue:downside/labelNoneExisting business revenue
/operating_model/cells/downside_2026q4_existing_revenue:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_existing_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_existing_revenue:downside/valueNone1004.1259008000001
/operating_model/cells/downside_2026q4_fcf:downside/basisNoneNo disposal proceeds netted against cash PP&E.
/operating_model/cells/downside_2026q4_fcf:downside/caseNonedownside
/operating_model/cells/downside_2026q4_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_fcf:downside/formula/refs/0Nonedownside_2026q4_cfo
/operating_model/cells/downside_2026q4_fcf:downside/formula/refs/1Nonedownside_2026q4_capex
/operating_model/cells/downside_2026q4_fcf:downside/idNonedownside_2026q4_fcf
/operating_model/cells/downside_2026q4_fcf:downside/kindNonederived
/operating_model/cells/downside_2026q4_fcf:downside/labelNoneCFO less gross PP&E
/operating_model/cells/downside_2026q4_fcf:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_fcf:downside/valueNone-231.819226368
/operating_model/cells/downside_2026q4_gaap_deductions:downside/basisNoneNo investment fair-value gains in operating earnings.
/operating_model/cells/downside_2026q4_gaap_deductions:downside/caseNonedownside
/operating_model/cells/downside_2026q4_gaap_deductions:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_gaap_deductions:downside/formula/refs/0Nonedownside_2026q4_sbc
/operating_model/cells/downside_2026q4_gaap_deductions:downside/formula/refs/1Nonedownside_2026q4_da
/operating_model/cells/downside_2026q4_gaap_deductions:downside/formula/refs/2Nonedownside_2026q4_transaction
/operating_model/cells/downside_2026q4_gaap_deductions:downside/idNonedownside_2026q4_gaap_deductions
/operating_model/cells/downside_2026q4_gaap_deductions:downside/kindNonederived
/operating_model/cells/downside_2026q4_gaap_deductions:downside/labelNoneD&A, equity expense and transaction costs
/operating_model/cells/downside_2026q4_gaap_deductions:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_gaap_deductions:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_gaap_deductions:downside/valueNone132.4
/operating_model/cells/downside_2026q4_investments:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_investments:downside/caseNonedownside
/operating_model/cells/downside_2026q4_investments:downside/idNonedownside_2026q4_investments
/operating_model/cells/downside_2026q4_investments:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_investments:downside/labelNoneEquity investment purchases
/operating_model/cells/downside_2026q4_investments:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_investments:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_investments:downside/valueNone5.0
/operating_model/cells/downside_2026q4_lease_principal:downside/basisNoneDesk allocation informed by remaining 2026 gross lease payments $79.705M and 2027 $87.432M, including interest. Interest is separately in CFO.
/operating_model/cells/downside_2026q4_lease_principal:downside/caseNonedownside
/operating_model/cells/downside_2026q4_lease_principal:downside/idNonedownside_2026q4_lease_principal
/operating_model/cells/downside_2026q4_lease_principal:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_lease_principal:downside/labelNoneFinance-lease principal
/operating_model/cells/downside_2026q4_lease_principal:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_lease_principal:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_lease_principal:downside/valueNone35.0
/operating_model/cells/downside_2026q4_maintenance_capex:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_maintenance_capex:downside/caseNonedownside
/operating_model/cells/downside_2026q4_maintenance_capex:downside/idNonedownside_2026q4_maintenance_capex
/operating_model/cells/downside_2026q4_maintenance_capex:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_maintenance_capex:downside/labelNoneExisting fleet and other PP&E cash
/operating_model/cells/downside_2026q4_maintenance_capex:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_maintenance_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_maintenance_capex:downside/valueNone115.0
/operating_model/cells/downside_2026q4_new_power:downside/basisNoneDesk revenue sensitivity only; no customer contract revenue per MW was disclosed for PowerBridge.
/operating_model/cells/downside_2026q4_new_power:downside/caseNonedownside
/operating_model/cells/downside_2026q4_new_power:downside/idNonedownside_2026q4_new_power
/operating_model/cells/downside_2026q4_new_power:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_new_power:downside/labelNoneIncremental new-project power revenue
/operating_model/cells/downside_2026q4_new_power:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_new_power:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_new_power:downside/valueNone0.0
/operating_model/cells/downside_2026q4_operating_income:downside/basisNoneAssumes no net disposal gain/loss or impairment; separate downside risks.
/operating_model/cells/downside_2026q4_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2026q4_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_operating_income:downside/formula/refs/0Nonedownside_2026q4_adj_ebitda
/operating_model/cells/downside_2026q4_operating_income:downside/formula/refs/1Nonedownside_2026q4_gaap_deductions
/operating_model/cells/downside_2026q4_operating_income:downside/idNonedownside_2026q4_operating_income
/operating_model/cells/downside_2026q4_operating_income:downside/kindNonederived
/operating_model/cells/downside_2026q4_operating_income:downside/labelNoneGAAP operating income proxy
/operating_model/cells/downside_2026q4_operating_income:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_operating_income:downside/valueNone-26.219226367999994
/operating_model/cells/downside_2026q4_power_capex:downside/basisNoneScenario allocation within aggregate capex; redacted equipment milestones prevent an exact contractual schedule.
/operating_model/cells/downside_2026q4_power_capex:downside/caseNonedownside
/operating_model/cells/downside_2026q4_power_capex:downside/idNonedownside_2026q4_power_capex
/operating_model/cells/downside_2026q4_power_capex:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_power_capex:downside/labelNonePower engines deposits and buildout cash
/operating_model/cells/downside_2026q4_power_capex:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_power_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_power_capex:downside/valueNone190.0
/operating_model/cells/downside_2026q4_power_contribution:downside/basisNoneIncremental modeled operations only.
/operating_model/cells/downside_2026q4_power_contribution:downside/caseNonedownside
/operating_model/cells/downside_2026q4_power_contribution:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q4_power_contribution:downside/formula/refs/0Nonedownside_2026q4_new_power
/operating_model/cells/downside_2026q4_power_contribution:downside/formula/refs/1Nonedownside_2026q4_power_margin
/operating_model/cells/downside_2026q4_power_contribution:downside/idNonedownside_2026q4_power_contribution
/operating_model/cells/downside_2026q4_power_contribution:downside/kindNonederived
/operating_model/cells/downside_2026q4_power_contribution:downside/labelNoneNew power contribution
/operating_model/cells/downside_2026q4_power_contribution:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_power_contribution:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_power_contribution:downside/valueNone0.0
/operating_model/cells/downside_2026q4_power_margin:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_power_margin:downside/caseNonedownside
/operating_model/cells/downside_2026q4_power_margin:downside/idNonedownside_2026q4_power_margin
/operating_model/cells/downside_2026q4_power_margin:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_power_margin:downside/labelNoneIncremental power contribution margin
/operating_model/cells/downside_2026q4_power_margin:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_power_margin:downside/unitNoneratio
/operating_model/cells/downside_2026q4_power_margin:downside/valueNone0.2
/operating_model/cells/downside_2026q4_price:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_price:downside/caseNonedownside
/operating_model/cells/downside_2026q4_price:downside/idNonedownside_2026q4_price
/operating_model/cells/downside_2026q4_price:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_price:downside/labelNonePricing/mix versus Q2
/operating_model/cells/downside_2026q4_price:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_price:downside/unitNoneratio
/operating_model/cells/downside_2026q4_price:downside/valueNone0.96
/operating_model/cells/downside_2026q4_revenue:downside/basisNoneNo revenue from buying engines or announcing capacity.
/operating_model/cells/downside_2026q4_revenue:downside/caseNonedownside
/operating_model/cells/downside_2026q4_revenue:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_revenue:downside/formula/refs/0Nonedownside_2026q4_existing_revenue
/operating_model/cells/downside_2026q4_revenue:downside/formula/refs/1Nonedownside_2026q4_new_power
/operating_model/cells/downside_2026q4_revenue:downside/idNonedownside_2026q4_revenue
/operating_model/cells/downside_2026q4_revenue:downside/kindNonederived
/operating_model/cells/downside_2026q4_revenue:downside/labelNoneConsolidated revenue
/operating_model/cells/downside_2026q4_revenue:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_revenue:downside/valueNone1004.1259008000001
/operating_model/cells/downside_2026q4_sbc:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_sbc:downside/caseNonedownside
/operating_model/cells/downside_2026q4_sbc:downside/idNonedownside_2026q4_sbc
/operating_model/cells/downside_2026q4_sbc:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_sbc:downside/labelNoneStock compensation expense
/operating_model/cells/downside_2026q4_sbc:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_sbc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_sbc:downside/valueNone10.4
/operating_model/cells/downside_2026q4_service_margin:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_service_margin:downside/caseNonedownside
/operating_model/cells/downside_2026q4_service_margin:downside/idNonedownside_2026q4_service_margin
/operating_model/cells/downside_2026q4_service_margin:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_service_margin:downside/labelNoneService contribution margin
/operating_model/cells/downside_2026q4_service_margin:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_service_margin:downside/unitNoneratio
/operating_model/cells/downside_2026q4_service_margin:downside/valueNone0.165
/operating_model/cells/downside_2026q4_tra:downside/basisNoneDesk cash allowance, not a conclusion that the $66.870M liability is extinguished.
/operating_model/cells/downside_2026q4_tra:downside/caseNonedownside
/operating_model/cells/downside_2026q4_tra:downside/idNonedownside_2026q4_tra
/operating_model/cells/downside_2026q4_tra:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_tra:downside/labelNoneTRA cash payment
/operating_model/cells/downside_2026q4_tra:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_tra:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_tra:downside/valueNone0.0
/operating_model/cells/downside_2026q4_transaction:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_transaction:downside/caseNonedownside
/operating_model/cells/downside_2026q4_transaction:downside/idNonedownside_2026q4_transaction
/operating_model/cells/downside_2026q4_transaction:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_transaction:downside/labelNoneTransaction and other operating expense
/operating_model/cells/downside_2026q4_transaction:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_transaction:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_transaction:downside/valueNone3.0
/operating_model/cells/downside_2026q4_wc_use:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2026q4_wc_use:downside/caseNonedownside
/operating_model/cells/downside_2026q4_wc_use:downside/idNonedownside_2026q4_wc_use
/operating_model/cells/downside_2026q4_wc_use:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_wc_use:downside/labelNoneNet operating working-capital use
/operating_model/cells/downside_2026q4_wc_use:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_wc_use:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_wc_use:downside/valueNone20.0
/operating_model/cells/downside_2027q1_activity:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_activity:downside/caseNonedownside
/operating_model/cells/downside_2027q1_activity:downside/idNonedownside_2027q1_activity
/operating_model/cells/downside_2027q1_activity:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_activity:downside/labelNoneActivity versus Q2
/operating_model/cells/downside_2027q1_activity:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_activity:downside/unitNoneratio
/operating_model/cells/downside_2027q1_activity:downside/valueNone0.9
/operating_model/cells/downside_2027q1_adj_ebitda:downside/basisNoneExcludes equity compensation, D&A and modeled nonrecurring transaction costs; ordinary operating costs remain.
/operating_model/cells/downside_2027q1_adj_ebitda:downside/caseNonedownside
/operating_model/cells/downside_2027q1_adj_ebitda:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_adj_ebitda:downside/formula/refs/0Nonedownside_2027q1_contribution
/operating_model/cells/downside_2027q1_adj_ebitda:downside/formula/refs/1Nonedownside_2027q1_cash_overhead
/operating_model/cells/downside_2027q1_adj_ebitda:downside/idNonedownside_2027q1_adj_ebitda
/operating_model/cells/downside_2027q1_adj_ebitda:downside/kindNonederived
/operating_model/cells/downside_2027q1_adj_ebitda:downside/labelNoneAdjusted EBITDA proxy
/operating_model/cells/downside_2027q1_adj_ebitda:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_adj_ebitda:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_adj_ebitda:downside/valueNone108.44624576000001
/operating_model/cells/downside_2027q1_awards:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_awards:downside/caseNonedownside
/operating_model/cells/downside_2027q1_awards:downside/idNonedownside_2027q1_awards
/operating_model/cells/downside_2027q1_awards:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_awards:downside/labelNoneEmployee award withholding
/operating_model/cells/downside_2027q1_awards:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_awards:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_awards:downside/valueNone14.0
/operating_model/cells/downside_2027q1_capex:downside/basisNoneIncludes deposits once; not an additional deduction after capex.
/operating_model/cells/downside_2027q1_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q1_capex:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_capex:downside/formula/refs/0Nonedownside_2027q1_maintenance_capex
/operating_model/cells/downside_2027q1_capex:downside/formula/refs/1Nonedownside_2027q1_power_capex
/operating_model/cells/downside_2027q1_capex:downside/idNonedownside_2027q1_capex
/operating_model/cells/downside_2027q1_capex:downside/kindNonederived
/operating_model/cells/downside_2027q1_capex:downside/labelNoneGross cash PP&E and deposits
/operating_model/cells/downside_2027q1_capex:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_capex:downside/valueNone355.0
/operating_model/cells/downside_2027q1_cash_after_claims:downside/basisNoneBefore new financing, acquisitions, optional buybacks and asset-sale proceeds.
/operating_model/cells/downside_2027q1_cash_after_claims:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cash_after_claims:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_cash_after_claims:downside/formula/refs/0Nonedownside_2027q1_fcf
/operating_model/cells/downside_2027q1_cash_after_claims:downside/formula/refs/1Nonedownside_2027q1_claims
/operating_model/cells/downside_2027q1_cash_after_claims:downside/idNonedownside_2027q1_cash_after_claims
/operating_model/cells/downside_2027q1_cash_after_claims:downside/kindNonederived
/operating_model/cells/downside_2027q1_cash_after_claims:downside/labelNoneCash after investment and capital claims
/operating_model/cells/downside_2027q1_cash_after_claims:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cash_after_claims:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_cash_after_claims:downside/valueNone-381.63025424
/operating_model/cells/downside_2027q1_cash_interest:downside/basisNoneSmall-loan and finance-lease interest, less cash yield; convertible notes have no regular coupon.
/operating_model/cells/downside_2027q1_cash_interest:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cash_interest:downside/idNonedownside_2027q1_cash_interest
/operating_model/cells/downside_2027q1_cash_interest:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_cash_interest:downside/labelNoneCash interest net of investment income
/operating_model/cells/downside_2027q1_cash_interest:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cash_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_cash_interest:downside/valueNone6.0
/operating_model/cells/downside_2027q1_cash_overhead:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_cash_overhead:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cash_overhead:downside/idNonedownside_2027q1_cash_overhead
/operating_model/cells/downside_2027q1_cash_overhead:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_cash_overhead:downside/labelNoneG&A excluding stock compensation
/operating_model/cells/downside_2027q1_cash_overhead:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cash_overhead:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_cash_overhead:downside/valueNone61.0
/operating_model/cells/downside_2027q1_cash_tax:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cash_tax:downside/idNonedownside_2027q1_cash_tax
/operating_model/cells/downside_2027q1_cash_tax:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_cash_tax:downside/labelNoneCash income taxes
/operating_model/cells/downside_2027q1_cash_tax:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_cash_tax:downside/valueNone5.0
/operating_model/cells/downside_2027q1_cfo:downside/basisNoneDoes not repeat noncash investment marks as cash generation.
/operating_model/cells/downside_2027q1_cfo:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cfo:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_cfo:downside/formula/refs/0Nonedownside_2027q1_adj_ebitda
/operating_model/cells/downside_2027q1_cfo:downside/formula/refs/1Nonedownside_2027q1_cfo_uses
/operating_model/cells/downside_2027q1_cfo:downside/idNonedownside_2027q1_cfo
/operating_model/cells/downside_2027q1_cfo:downside/kindNonederived
/operating_model/cells/downside_2027q1_cfo:downside/labelNoneOperating cash flow proxy
/operating_model/cells/downside_2027q1_cfo:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_cfo:downside/valueNone35.44624576000001
/operating_model/cells/downside_2027q1_cfo_uses:downside/basisNoneLease principal and TRA remain below CFO; transaction costs remain cash uses.
/operating_model/cells/downside_2027q1_cfo_uses:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cfo_uses:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_cfo_uses:downside/formula/refs/0Nonedownside_2027q1_cash_interest
/operating_model/cells/downside_2027q1_cfo_uses:downside/formula/refs/1Nonedownside_2027q1_cash_tax
/operating_model/cells/downside_2027q1_cfo_uses:downside/formula/refs/2Nonedownside_2027q1_wc_use
/operating_model/cells/downside_2027q1_cfo_uses:downside/formula/refs/3Nonedownside_2027q1_transaction
/operating_model/cells/downside_2027q1_cfo_uses:downside/idNonedownside_2027q1_cfo_uses
/operating_model/cells/downside_2027q1_cfo_uses:downside/kindNonederived
/operating_model/cells/downside_2027q1_cfo_uses:downside/labelNoneCash interest taxes working capital and transaction costs
/operating_model/cells/downside_2027q1_cfo_uses:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cfo_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_cfo_uses:downside/valueNone73.0
/operating_model/cells/downside_2027q1_claims:downside/basisNoneFinancing/equity-investment outflows; no new borrowing included.
/operating_model/cells/downside_2027q1_claims:downside/caseNonedownside
/operating_model/cells/downside_2027q1_claims:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_claims:downside/formula/refs/0Nonedownside_2027q1_lease_principal
/operating_model/cells/downside_2027q1_claims:downside/formula/refs/1Nonedownside_2027q1_tra
/operating_model/cells/downside_2027q1_claims:downside/formula/refs/2Nonedownside_2027q1_dividends
/operating_model/cells/downside_2027q1_claims:downside/formula/refs/3Nonedownside_2027q1_debt_principal
/operating_model/cells/downside_2027q1_claims:downside/formula/refs/4Nonedownside_2027q1_awards
/operating_model/cells/downside_2027q1_claims:downside/formula/refs/5Nonedownside_2027q1_investments
/operating_model/cells/downside_2027q1_claims:downside/idNonedownside_2027q1_claims
/operating_model/cells/downside_2027q1_claims:downside/kindNonederived
/operating_model/cells/downside_2027q1_claims:downside/labelNoneAdditional cash uses
/operating_model/cells/downside_2027q1_claims:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_claims:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_claims:downside/valueNone62.0765
/operating_model/cells/downside_2027q1_contribution:downside/basisNoneCompany does not report these as separate historical segments.
/operating_model/cells/downside_2027q1_contribution:downside/caseNonedownside
/operating_model/cells/downside_2027q1_contribution:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_contribution:downside/formula/refs/0Nonedownside_2027q1_existing_contribution
/operating_model/cells/downside_2027q1_contribution:downside/formula/refs/1Nonedownside_2027q1_power_contribution
/operating_model/cells/downside_2027q1_contribution:downside/idNonedownside_2027q1_contribution
/operating_model/cells/downside_2027q1_contribution:downside/kindNonederived
/operating_model/cells/downside_2027q1_contribution:downside/labelNoneService contribution before overhead and D&A
/operating_model/cells/downside_2027q1_contribution:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_contribution:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_contribution:downside/valueNone169.44624576
/operating_model/cells/downside_2027q1_da:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_da:downside/caseNonedownside
/operating_model/cells/downside_2027q1_da:downside/idNonedownside_2027q1_da
/operating_model/cells/downside_2027q1_da:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_da:downside/labelNoneDepreciation depletion and amortization
/operating_model/cells/downside_2027q1_da:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_da:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_da:downside/valueNone122.0
/operating_model/cells/downside_2027q1_debt_principal:downside/basisNoneRemainder 2026 $4.961M and 2027 $11.906M disclosed debt maturities, evenly allocated.
/operating_model/cells/downside_2027q1_debt_principal:downside/caseNonedownside
/operating_model/cells/downside_2027q1_debt_principal:downside/idNonedownside_2027q1_debt_principal
/operating_model/cells/downside_2027q1_debt_principal:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_debt_principal:downside/labelNoneSmall-loan principal
/operating_model/cells/downside_2027q1_debt_principal:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_debt_principal:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_debt_principal:downside/valueNone2.9765
/operating_model/cells/downside_2027q1_dividends:downside/basisNoneApproximately $0.09 per share quarterly, including allowance for award equivalents; future board declarations required.
/operating_model/cells/downside_2027q1_dividends:downside/caseNonedownside
/operating_model/cells/downside_2027q1_dividends:downside/idNonedownside_2027q1_dividends
/operating_model/cells/downside_2027q1_dividends:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_dividends:downside/labelNoneCommon dividends and equivalents
/operating_model/cells/downside_2027q1_dividends:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_dividends:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_dividends:downside/valueNone15.1
/operating_model/cells/downside_2027q1_existing_contribution:downside/basisNoneCost of services excludes D&A.
/operating_model/cells/downside_2027q1_existing_contribution:downside/caseNonedownside
/operating_model/cells/downside_2027q1_existing_contribution:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q1_existing_contribution:downside/formula/refs/0Nonedownside_2027q1_existing_revenue
/operating_model/cells/downside_2027q1_existing_contribution:downside/formula/refs/1Nonedownside_2027q1_service_margin
/operating_model/cells/downside_2027q1_existing_contribution:downside/idNonedownside_2027q1_existing_contribution
/operating_model/cells/downside_2027q1_existing_contribution:downside/kindNonederived
/operating_model/cells/downside_2027q1_existing_contribution:downside/labelNoneExisting-business contribution
/operating_model/cells/downside_2027q1_existing_contribution:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_existing_contribution:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_existing_contribution:downside/valueNone169.44624576
/operating_model/cells/downside_2027q1_existing_revenue:downside/basisNoneConsolidated anchor already includes existing power-related activity.
/operating_model/cells/downside_2027q1_existing_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q1_existing_revenue:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q1_existing_revenue:downside/formula/refs/0Noneq2_revenue
/operating_model/cells/downside_2027q1_existing_revenue:downside/formula/refs/1Nonedownside_2027q1_activity
/operating_model/cells/downside_2027q1_existing_revenue:downside/formula/refs/2Nonedownside_2027q1_price
/operating_model/cells/downside_2027q1_existing_revenue:downside/idNonedownside_2027q1_existing_revenue
/operating_model/cells/downside_2027q1_existing_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q1_existing_revenue:downside/labelNoneExisting business revenue
/operating_model/cells/downside_2027q1_existing_revenue:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_existing_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_existing_revenue:downside/valueNone1026.946944
/operating_model/cells/downside_2027q1_fcf:downside/basisNoneNo disposal proceeds netted against cash PP&E.
/operating_model/cells/downside_2027q1_fcf:downside/caseNonedownside
/operating_model/cells/downside_2027q1_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_fcf:downside/formula/refs/0Nonedownside_2027q1_cfo
/operating_model/cells/downside_2027q1_fcf:downside/formula/refs/1Nonedownside_2027q1_capex
/operating_model/cells/downside_2027q1_fcf:downside/idNonedownside_2027q1_fcf
/operating_model/cells/downside_2027q1_fcf:downside/kindNonederived
/operating_model/cells/downside_2027q1_fcf:downside/labelNoneCFO less gross PP&E
/operating_model/cells/downside_2027q1_fcf:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_fcf:downside/valueNone-319.55375424
/operating_model/cells/downside_2027q1_gaap_deductions:downside/basisNoneNo investment fair-value gains in operating earnings.
/operating_model/cells/downside_2027q1_gaap_deductions:downside/caseNonedownside
/operating_model/cells/downside_2027q1_gaap_deductions:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_gaap_deductions:downside/formula/refs/0Nonedownside_2027q1_sbc
/operating_model/cells/downside_2027q1_gaap_deductions:downside/formula/refs/1Nonedownside_2027q1_da
/operating_model/cells/downside_2027q1_gaap_deductions:downside/formula/refs/2Nonedownside_2027q1_transaction
/operating_model/cells/downside_2027q1_gaap_deductions:downside/idNonedownside_2027q1_gaap_deductions
/operating_model/cells/downside_2027q1_gaap_deductions:downside/kindNonederived
/operating_model/cells/downside_2027q1_gaap_deductions:downside/labelNoneD&A, equity expense and transaction costs
/operating_model/cells/downside_2027q1_gaap_deductions:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_gaap_deductions:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_gaap_deductions:downside/valueNone134.8
/operating_model/cells/downside_2027q1_investments:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_investments:downside/caseNonedownside
/operating_model/cells/downside_2027q1_investments:downside/idNonedownside_2027q1_investments
/operating_model/cells/downside_2027q1_investments:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_investments:downside/labelNoneEquity investment purchases
/operating_model/cells/downside_2027q1_investments:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_investments:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_investments:downside/valueNone7.0
/operating_model/cells/downside_2027q1_lease_principal:downside/basisNoneDesk allocation informed by remaining 2026 gross lease payments $79.705M and 2027 $87.432M, including interest. Interest is separately in CFO.
/operating_model/cells/downside_2027q1_lease_principal:downside/caseNonedownside
/operating_model/cells/downside_2027q1_lease_principal:downside/idNonedownside_2027q1_lease_principal
/operating_model/cells/downside_2027q1_lease_principal:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_lease_principal:downside/labelNoneFinance-lease principal
/operating_model/cells/downside_2027q1_lease_principal:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_lease_principal:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_lease_principal:downside/valueNone19.0
/operating_model/cells/downside_2027q1_maintenance_capex:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_maintenance_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q1_maintenance_capex:downside/idNonedownside_2027q1_maintenance_capex
/operating_model/cells/downside_2027q1_maintenance_capex:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_maintenance_capex:downside/labelNoneExisting fleet and other PP&E cash
/operating_model/cells/downside_2027q1_maintenance_capex:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_maintenance_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_maintenance_capex:downside/valueNone125.0
/operating_model/cells/downside_2027q1_new_power:downside/basisNoneDesk revenue sensitivity only; no customer contract revenue per MW was disclosed for PowerBridge.
/operating_model/cells/downside_2027q1_new_power:downside/caseNonedownside
/operating_model/cells/downside_2027q1_new_power:downside/idNonedownside_2027q1_new_power
/operating_model/cells/downside_2027q1_new_power:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_new_power:downside/labelNoneIncremental new-project power revenue
/operating_model/cells/downside_2027q1_new_power:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_new_power:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_new_power:downside/valueNone0.0
/operating_model/cells/downside_2027q1_operating_income:downside/basisNoneAssumes no net disposal gain/loss or impairment; separate downside risks.
/operating_model/cells/downside_2027q1_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2027q1_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_operating_income:downside/formula/refs/0Nonedownside_2027q1_adj_ebitda
/operating_model/cells/downside_2027q1_operating_income:downside/formula/refs/1Nonedownside_2027q1_gaap_deductions
/operating_model/cells/downside_2027q1_operating_income:downside/idNonedownside_2027q1_operating_income
/operating_model/cells/downside_2027q1_operating_income:downside/kindNonederived
/operating_model/cells/downside_2027q1_operating_income:downside/labelNoneGAAP operating income proxy
/operating_model/cells/downside_2027q1_operating_income:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_operating_income:downside/valueNone-26.35375424
/operating_model/cells/downside_2027q1_power_capex:downside/basisNoneScenario allocation within aggregate capex; redacted equipment milestones prevent an exact contractual schedule.
/operating_model/cells/downside_2027q1_power_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q1_power_capex:downside/idNonedownside_2027q1_power_capex
/operating_model/cells/downside_2027q1_power_capex:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_power_capex:downside/labelNonePower engines deposits and buildout cash
/operating_model/cells/downside_2027q1_power_capex:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_power_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_power_capex:downside/valueNone230.0
/operating_model/cells/downside_2027q1_power_contribution:downside/basisNoneIncremental modeled operations only.
/operating_model/cells/downside_2027q1_power_contribution:downside/caseNonedownside
/operating_model/cells/downside_2027q1_power_contribution:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q1_power_contribution:downside/formula/refs/0Nonedownside_2027q1_new_power
/operating_model/cells/downside_2027q1_power_contribution:downside/formula/refs/1Nonedownside_2027q1_power_margin
/operating_model/cells/downside_2027q1_power_contribution:downside/idNonedownside_2027q1_power_contribution
/operating_model/cells/downside_2027q1_power_contribution:downside/kindNonederived
/operating_model/cells/downside_2027q1_power_contribution:downside/labelNoneNew power contribution
/operating_model/cells/downside_2027q1_power_contribution:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_power_contribution:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_power_contribution:downside/valueNone0.0
/operating_model/cells/downside_2027q1_power_margin:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_power_margin:downside/caseNonedownside
/operating_model/cells/downside_2027q1_power_margin:downside/idNonedownside_2027q1_power_margin
/operating_model/cells/downside_2027q1_power_margin:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_power_margin:downside/labelNoneIncremental power contribution margin
/operating_model/cells/downside_2027q1_power_margin:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_power_margin:downside/unitNoneratio
/operating_model/cells/downside_2027q1_power_margin:downside/valueNone0.2
/operating_model/cells/downside_2027q1_price:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_price:downside/caseNonedownside
/operating_model/cells/downside_2027q1_price:downside/idNonedownside_2027q1_price
/operating_model/cells/downside_2027q1_price:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_price:downside/labelNonePricing/mix versus Q2
/operating_model/cells/downside_2027q1_price:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_price:downside/unitNoneratio
/operating_model/cells/downside_2027q1_price:downside/valueNone0.96
/operating_model/cells/downside_2027q1_revenue:downside/basisNoneNo revenue from buying engines or announcing capacity.
/operating_model/cells/downside_2027q1_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q1_revenue:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_revenue:downside/formula/refs/0Nonedownside_2027q1_existing_revenue
/operating_model/cells/downside_2027q1_revenue:downside/formula/refs/1Nonedownside_2027q1_new_power
/operating_model/cells/downside_2027q1_revenue:downside/idNonedownside_2027q1_revenue
/operating_model/cells/downside_2027q1_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q1_revenue:downside/labelNoneConsolidated revenue
/operating_model/cells/downside_2027q1_revenue:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_revenue:downside/valueNone1026.946944
/operating_model/cells/downside_2027q1_sbc:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_sbc:downside/caseNonedownside
/operating_model/cells/downside_2027q1_sbc:downside/idNonedownside_2027q1_sbc
/operating_model/cells/downside_2027q1_sbc:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_sbc:downside/labelNoneStock compensation expense
/operating_model/cells/downside_2027q1_sbc:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_sbc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_sbc:downside/valueNone10.8
/operating_model/cells/downside_2027q1_service_margin:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_service_margin:downside/caseNonedownside
/operating_model/cells/downside_2027q1_service_margin:downside/idNonedownside_2027q1_service_margin
/operating_model/cells/downside_2027q1_service_margin:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_service_margin:downside/labelNoneService contribution margin
/operating_model/cells/downside_2027q1_service_margin:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_service_margin:downside/unitNoneratio
/operating_model/cells/downside_2027q1_service_margin:downside/valueNone0.165
/operating_model/cells/downside_2027q1_tra:downside/basisNoneDesk cash allowance, not a conclusion that the $66.870M liability is extinguished.
/operating_model/cells/downside_2027q1_tra:downside/caseNonedownside
/operating_model/cells/downside_2027q1_tra:downside/idNonedownside_2027q1_tra
/operating_model/cells/downside_2027q1_tra:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_tra:downside/labelNoneTRA cash payment
/operating_model/cells/downside_2027q1_tra:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_tra:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_tra:downside/valueNone4.0
/operating_model/cells/downside_2027q1_transaction:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_transaction:downside/caseNonedownside
/operating_model/cells/downside_2027q1_transaction:downside/idNonedownside_2027q1_transaction
/operating_model/cells/downside_2027q1_transaction:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_transaction:downside/labelNoneTransaction and other operating expense
/operating_model/cells/downside_2027q1_transaction:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_transaction:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_transaction:downside/valueNone2.0
/operating_model/cells/downside_2027q1_wc_use:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q1_wc_use:downside/caseNonedownside
/operating_model/cells/downside_2027q1_wc_use:downside/idNonedownside_2027q1_wc_use
/operating_model/cells/downside_2027q1_wc_use:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_wc_use:downside/labelNoneNet operating working-capital use
/operating_model/cells/downside_2027q1_wc_use:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_wc_use:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_wc_use:downside/valueNone60.0
/operating_model/cells/downside_2027q2_activity:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_activity:downside/caseNonedownside
/operating_model/cells/downside_2027q2_activity:downside/idNonedownside_2027q2_activity
/operating_model/cells/downside_2027q2_activity:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_activity:downside/labelNoneActivity versus Q2
/operating_model/cells/downside_2027q2_activity:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_activity:downside/unitNoneratio
/operating_model/cells/downside_2027q2_activity:downside/valueNone0.94
/operating_model/cells/downside_2027q2_adj_ebitda:downside/basisNoneExcludes equity compensation, D&A and modeled nonrecurring transaction costs; ordinary operating costs remain.
/operating_model/cells/downside_2027q2_adj_ebitda:downside/caseNonedownside
/operating_model/cells/downside_2027q2_adj_ebitda:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_adj_ebitda:downside/formula/refs/0Nonedownside_2027q2_contribution
/operating_model/cells/downside_2027q2_adj_ebitda:downside/formula/refs/1Nonedownside_2027q2_cash_overhead
/operating_model/cells/downside_2027q2_adj_ebitda:downside/idNonedownside_2027q2_adj_ebitda
/operating_model/cells/downside_2027q2_adj_ebitda:downside/kindNonederived
/operating_model/cells/downside_2027q2_adj_ebitda:downside/labelNoneAdjusted EBITDA proxy
/operating_model/cells/downside_2027q2_adj_ebitda:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_adj_ebitda:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_adj_ebitda:downside/valueNone114.47719001600001
/operating_model/cells/downside_2027q2_awards:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_awards:downside/caseNonedownside
/operating_model/cells/downside_2027q2_awards:downside/idNonedownside_2027q2_awards
/operating_model/cells/downside_2027q2_awards:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_awards:downside/labelNoneEmployee award withholding
/operating_model/cells/downside_2027q2_awards:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_awards:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_awards:downside/valueNone3.0
/operating_model/cells/downside_2027q2_capex:downside/basisNoneIncludes deposits once; not an additional deduction after capex.
/operating_model/cells/downside_2027q2_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q2_capex:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_capex:downside/formula/refs/0Nonedownside_2027q2_maintenance_capex
/operating_model/cells/downside_2027q2_capex:downside/formula/refs/1Nonedownside_2027q2_power_capex
/operating_model/cells/downside_2027q2_capex:downside/idNonedownside_2027q2_capex
/operating_model/cells/downside_2027q2_capex:downside/kindNonederived
/operating_model/cells/downside_2027q2_capex:downside/labelNoneGross cash PP&E and deposits
/operating_model/cells/downside_2027q2_capex:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_capex:downside/valueNone375.0
/operating_model/cells/downside_2027q2_cash_after_claims:downside/basisNoneBefore new financing, acquisitions, optional buybacks and asset-sale proceeds.
/operating_model/cells/downside_2027q2_cash_after_claims:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cash_after_claims:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_cash_after_claims:downside/formula/refs/0Nonedownside_2027q2_fcf
/operating_model/cells/downside_2027q2_cash_after_claims:downside/formula/refs/1Nonedownside_2027q2_claims
/operating_model/cells/downside_2027q2_cash_after_claims:downside/idNonedownside_2027q2_cash_after_claims
/operating_model/cells/downside_2027q2_cash_after_claims:downside/kindNonederived
/operating_model/cells/downside_2027q2_cash_after_claims:downside/labelNoneCash after investment and capital claims
/operating_model/cells/downside_2027q2_cash_after_claims:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cash_after_claims:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_cash_after_claims:downside/valueNone-355.599309984
/operating_model/cells/downside_2027q2_cash_interest:downside/basisNoneSmall-loan and finance-lease interest, less cash yield; convertible notes have no regular coupon.
/operating_model/cells/downside_2027q2_cash_interest:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cash_interest:downside/idNonedownside_2027q2_cash_interest
/operating_model/cells/downside_2027q2_cash_interest:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_cash_interest:downside/labelNoneCash interest net of investment income
/operating_model/cells/downside_2027q2_cash_interest:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cash_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_cash_interest:downside/valueNone6.0
/operating_model/cells/downside_2027q2_cash_overhead:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_cash_overhead:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cash_overhead:downside/idNonedownside_2027q2_cash_overhead
/operating_model/cells/downside_2027q2_cash_overhead:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_cash_overhead:downside/labelNoneG&A excluding stock compensation
/operating_model/cells/downside_2027q2_cash_overhead:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cash_overhead:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_cash_overhead:downside/valueNone62.5
/operating_model/cells/downside_2027q2_cash_tax:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cash_tax:downside/idNonedownside_2027q2_cash_tax
/operating_model/cells/downside_2027q2_cash_tax:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_cash_tax:downside/labelNoneCash income taxes
/operating_model/cells/downside_2027q2_cash_tax:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_cash_tax:downside/valueNone5.0
/operating_model/cells/downside_2027q2_cfo:downside/basisNoneDoes not repeat noncash investment marks as cash generation.
/operating_model/cells/downside_2027q2_cfo:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cfo:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_cfo:downside/formula/refs/0Nonedownside_2027q2_adj_ebitda
/operating_model/cells/downside_2027q2_cfo:downside/formula/refs/1Nonedownside_2027q2_cfo_uses
/operating_model/cells/downside_2027q2_cfo:downside/idNonedownside_2027q2_cfo
/operating_model/cells/downside_2027q2_cfo:downside/kindNonederived
/operating_model/cells/downside_2027q2_cfo:downside/labelNoneOperating cash flow proxy
/operating_model/cells/downside_2027q2_cfo:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_cfo:downside/valueNone66.47719001600001
/operating_model/cells/downside_2027q2_cfo_uses:downside/basisNoneLease principal and TRA remain below CFO; transaction costs remain cash uses.
/operating_model/cells/downside_2027q2_cfo_uses:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cfo_uses:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_cfo_uses:downside/formula/refs/0Nonedownside_2027q2_cash_interest
/operating_model/cells/downside_2027q2_cfo_uses:downside/formula/refs/1Nonedownside_2027q2_cash_tax
/operating_model/cells/downside_2027q2_cfo_uses:downside/formula/refs/2Nonedownside_2027q2_wc_use
/operating_model/cells/downside_2027q2_cfo_uses:downside/formula/refs/3Nonedownside_2027q2_transaction
/operating_model/cells/downside_2027q2_cfo_uses:downside/idNonedownside_2027q2_cfo_uses
/operating_model/cells/downside_2027q2_cfo_uses:downside/kindNonederived
/operating_model/cells/downside_2027q2_cfo_uses:downside/labelNoneCash interest taxes working capital and transaction costs
/operating_model/cells/downside_2027q2_cfo_uses:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cfo_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_cfo_uses:downside/valueNone48.0
/operating_model/cells/downside_2027q2_claims:downside/basisNoneFinancing/equity-investment outflows; no new borrowing included.
/operating_model/cells/downside_2027q2_claims:downside/caseNonedownside
/operating_model/cells/downside_2027q2_claims:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_claims:downside/formula/refs/0Nonedownside_2027q2_lease_principal
/operating_model/cells/downside_2027q2_claims:downside/formula/refs/1Nonedownside_2027q2_tra
/operating_model/cells/downside_2027q2_claims:downside/formula/refs/2Nonedownside_2027q2_dividends
/operating_model/cells/downside_2027q2_claims:downside/formula/refs/3Nonedownside_2027q2_debt_principal
/operating_model/cells/downside_2027q2_claims:downside/formula/refs/4Nonedownside_2027q2_awards
/operating_model/cells/downside_2027q2_claims:downside/formula/refs/5Nonedownside_2027q2_investments
/operating_model/cells/downside_2027q2_claims:downside/idNonedownside_2027q2_claims
/operating_model/cells/downside_2027q2_claims:downside/kindNonederived
/operating_model/cells/downside_2027q2_claims:downside/labelNoneAdditional cash uses
/operating_model/cells/downside_2027q2_claims:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_claims:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_claims:downside/valueNone47.0765
/operating_model/cells/downside_2027q2_contribution:downside/basisNoneCompany does not report these as separate historical segments.
/operating_model/cells/downside_2027q2_contribution:downside/caseNonedownside
/operating_model/cells/downside_2027q2_contribution:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_contribution:downside/formula/refs/0Nonedownside_2027q2_existing_contribution
/operating_model/cells/downside_2027q2_contribution:downside/formula/refs/1Nonedownside_2027q2_power_contribution
/operating_model/cells/downside_2027q2_contribution:downside/idNonedownside_2027q2_contribution
/operating_model/cells/downside_2027q2_contribution:downside/kindNonederived
/operating_model/cells/downside_2027q2_contribution:downside/labelNoneService contribution before overhead and D&A
/operating_model/cells/downside_2027q2_contribution:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_contribution:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_contribution:downside/valueNone176.977190016
/operating_model/cells/downside_2027q2_da:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_da:downside/caseNonedownside
/operating_model/cells/downside_2027q2_da:downside/idNonedownside_2027q2_da
/operating_model/cells/downside_2027q2_da:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_da:downside/labelNoneDepreciation depletion and amortization
/operating_model/cells/downside_2027q2_da:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_da:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_da:downside/valueNone125.0
/operating_model/cells/downside_2027q2_debt_principal:downside/basisNoneRemainder 2026 $4.961M and 2027 $11.906M disclosed debt maturities, evenly allocated.
/operating_model/cells/downside_2027q2_debt_principal:downside/caseNonedownside
/operating_model/cells/downside_2027q2_debt_principal:downside/idNonedownside_2027q2_debt_principal
/operating_model/cells/downside_2027q2_debt_principal:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_debt_principal:downside/labelNoneSmall-loan principal
/operating_model/cells/downside_2027q2_debt_principal:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_debt_principal:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_debt_principal:downside/valueNone2.9765
/operating_model/cells/downside_2027q2_dividends:downside/basisNoneApproximately $0.09 per share quarterly, including allowance for award equivalents; future board declarations required.
/operating_model/cells/downside_2027q2_dividends:downside/caseNonedownside
/operating_model/cells/downside_2027q2_dividends:downside/idNonedownside_2027q2_dividends
/operating_model/cells/downside_2027q2_dividends:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_dividends:downside/labelNoneCommon dividends and equivalents
/operating_model/cells/downside_2027q2_dividends:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_dividends:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_dividends:downside/valueNone15.1
/operating_model/cells/downside_2027q2_existing_contribution:downside/basisNoneCost of services excludes D&A.
/operating_model/cells/downside_2027q2_existing_contribution:downside/caseNonedownside
/operating_model/cells/downside_2027q2_existing_contribution:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q2_existing_contribution:downside/formula/refs/0Nonedownside_2027q2_existing_revenue
/operating_model/cells/downside_2027q2_existing_contribution:downside/formula/refs/1Nonedownside_2027q2_service_margin
/operating_model/cells/downside_2027q2_existing_contribution:downside/idNonedownside_2027q2_existing_contribution
/operating_model/cells/downside_2027q2_existing_contribution:downside/kindNonederived
/operating_model/cells/downside_2027q2_existing_contribution:downside/labelNoneExisting-business contribution
/operating_model/cells/downside_2027q2_existing_contribution:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_existing_contribution:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_existing_contribution:downside/valueNone176.977190016
/operating_model/cells/downside_2027q2_existing_revenue:downside/basisNoneConsolidated anchor already includes existing power-related activity.
/operating_model/cells/downside_2027q2_existing_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q2_existing_revenue:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q2_existing_revenue:downside/formula/refs/0Noneq2_revenue
/operating_model/cells/downside_2027q2_existing_revenue:downside/formula/refs/1Nonedownside_2027q2_activity
/operating_model/cells/downside_2027q2_existing_revenue:downside/formula/refs/2Nonedownside_2027q2_price
/operating_model/cells/downside_2027q2_existing_revenue:downside/idNonedownside_2027q2_existing_revenue
/operating_model/cells/downside_2027q2_existing_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q2_existing_revenue:downside/labelNoneExisting business revenue
/operating_model/cells/downside_2027q2_existing_revenue:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_existing_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_existing_revenue:downside/valueNone1072.5890304
/operating_model/cells/downside_2027q2_fcf:downside/basisNoneNo disposal proceeds netted against cash PP&E.
/operating_model/cells/downside_2027q2_fcf:downside/caseNonedownside
/operating_model/cells/downside_2027q2_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_fcf:downside/formula/refs/0Nonedownside_2027q2_cfo
/operating_model/cells/downside_2027q2_fcf:downside/formula/refs/1Nonedownside_2027q2_capex
/operating_model/cells/downside_2027q2_fcf:downside/idNonedownside_2027q2_fcf
/operating_model/cells/downside_2027q2_fcf:downside/kindNonederived
/operating_model/cells/downside_2027q2_fcf:downside/labelNoneCFO less gross PP&E
/operating_model/cells/downside_2027q2_fcf:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_fcf:downside/valueNone-308.522809984
/operating_model/cells/downside_2027q2_gaap_deductions:downside/basisNoneNo investment fair-value gains in operating earnings.
/operating_model/cells/downside_2027q2_gaap_deductions:downside/caseNonedownside
/operating_model/cells/downside_2027q2_gaap_deductions:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_gaap_deductions:downside/formula/refs/0Nonedownside_2027q2_sbc
/operating_model/cells/downside_2027q2_gaap_deductions:downside/formula/refs/1Nonedownside_2027q2_da
/operating_model/cells/downside_2027q2_gaap_deductions:downside/formula/refs/2Nonedownside_2027q2_transaction
/operating_model/cells/downside_2027q2_gaap_deductions:downside/idNonedownside_2027q2_gaap_deductions
/operating_model/cells/downside_2027q2_gaap_deductions:downside/kindNonederived
/operating_model/cells/downside_2027q2_gaap_deductions:downside/labelNoneD&A, equity expense and transaction costs
/operating_model/cells/downside_2027q2_gaap_deductions:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_gaap_deductions:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_gaap_deductions:downside/valueNone138.2
/operating_model/cells/downside_2027q2_investments:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_investments:downside/caseNonedownside
/operating_model/cells/downside_2027q2_investments:downside/idNonedownside_2027q2_investments
/operating_model/cells/downside_2027q2_investments:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_investments:downside/labelNoneEquity investment purchases
/operating_model/cells/downside_2027q2_investments:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_investments:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_investments:downside/valueNone7.0
/operating_model/cells/downside_2027q2_lease_principal:downside/basisNoneDesk allocation informed by remaining 2026 gross lease payments $79.705M and 2027 $87.432M, including interest. Interest is separately in CFO.
/operating_model/cells/downside_2027q2_lease_principal:downside/caseNonedownside
/operating_model/cells/downside_2027q2_lease_principal:downside/idNonedownside_2027q2_lease_principal
/operating_model/cells/downside_2027q2_lease_principal:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_lease_principal:downside/labelNoneFinance-lease principal
/operating_model/cells/downside_2027q2_lease_principal:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_lease_principal:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_lease_principal:downside/valueNone19.0
/operating_model/cells/downside_2027q2_maintenance_capex:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_maintenance_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q2_maintenance_capex:downside/idNonedownside_2027q2_maintenance_capex
/operating_model/cells/downside_2027q2_maintenance_capex:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_maintenance_capex:downside/labelNoneExisting fleet and other PP&E cash
/operating_model/cells/downside_2027q2_maintenance_capex:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_maintenance_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_maintenance_capex:downside/valueNone125.0
/operating_model/cells/downside_2027q2_new_power:downside/basisNoneDesk revenue sensitivity only; no customer contract revenue per MW was disclosed for PowerBridge.
/operating_model/cells/downside_2027q2_new_power:downside/caseNonedownside
/operating_model/cells/downside_2027q2_new_power:downside/idNonedownside_2027q2_new_power
/operating_model/cells/downside_2027q2_new_power:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_new_power:downside/labelNoneIncremental new-project power revenue
/operating_model/cells/downside_2027q2_new_power:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_new_power:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_new_power:downside/valueNone0.0
/operating_model/cells/downside_2027q2_operating_income:downside/basisNoneAssumes no net disposal gain/loss or impairment; separate downside risks.
/operating_model/cells/downside_2027q2_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2027q2_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_operating_income:downside/formula/refs/0Nonedownside_2027q2_adj_ebitda
/operating_model/cells/downside_2027q2_operating_income:downside/formula/refs/1Nonedownside_2027q2_gaap_deductions
/operating_model/cells/downside_2027q2_operating_income:downside/idNonedownside_2027q2_operating_income
/operating_model/cells/downside_2027q2_operating_income:downside/kindNonederived
/operating_model/cells/downside_2027q2_operating_income:downside/labelNoneGAAP operating income proxy
/operating_model/cells/downside_2027q2_operating_income:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_operating_income:downside/valueNone-23.72280998399998
/operating_model/cells/downside_2027q2_power_capex:downside/basisNoneScenario allocation within aggregate capex; redacted equipment milestones prevent an exact contractual schedule.
/operating_model/cells/downside_2027q2_power_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q2_power_capex:downside/idNonedownside_2027q2_power_capex
/operating_model/cells/downside_2027q2_power_capex:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_power_capex:downside/labelNonePower engines deposits and buildout cash
/operating_model/cells/downside_2027q2_power_capex:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_power_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_power_capex:downside/valueNone250.0
/operating_model/cells/downside_2027q2_power_contribution:downside/basisNoneIncremental modeled operations only.
/operating_model/cells/downside_2027q2_power_contribution:downside/caseNonedownside
/operating_model/cells/downside_2027q2_power_contribution:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q2_power_contribution:downside/formula/refs/0Nonedownside_2027q2_new_power
/operating_model/cells/downside_2027q2_power_contribution:downside/formula/refs/1Nonedownside_2027q2_power_margin
/operating_model/cells/downside_2027q2_power_contribution:downside/idNonedownside_2027q2_power_contribution
/operating_model/cells/downside_2027q2_power_contribution:downside/kindNonederived
/operating_model/cells/downside_2027q2_power_contribution:downside/labelNoneNew power contribution
/operating_model/cells/downside_2027q2_power_contribution:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_power_contribution:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_power_contribution:downside/valueNone0.0
/operating_model/cells/downside_2027q2_power_margin:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_power_margin:downside/caseNonedownside
/operating_model/cells/downside_2027q2_power_margin:downside/idNonedownside_2027q2_power_margin
/operating_model/cells/downside_2027q2_power_margin:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_power_margin:downside/labelNoneIncremental power contribution margin
/operating_model/cells/downside_2027q2_power_margin:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_power_margin:downside/unitNoneratio
/operating_model/cells/downside_2027q2_power_margin:downside/valueNone0.2
/operating_model/cells/downside_2027q2_price:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_price:downside/caseNonedownside
/operating_model/cells/downside_2027q2_price:downside/idNonedownside_2027q2_price
/operating_model/cells/downside_2027q2_price:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_price:downside/labelNonePricing/mix versus Q2
/operating_model/cells/downside_2027q2_price:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_price:downside/unitNoneratio
/operating_model/cells/downside_2027q2_price:downside/valueNone0.96
/operating_model/cells/downside_2027q2_revenue:downside/basisNoneNo revenue from buying engines or announcing capacity.
/operating_model/cells/downside_2027q2_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q2_revenue:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_revenue:downside/formula/refs/0Nonedownside_2027q2_existing_revenue
/operating_model/cells/downside_2027q2_revenue:downside/formula/refs/1Nonedownside_2027q2_new_power
/operating_model/cells/downside_2027q2_revenue:downside/idNonedownside_2027q2_revenue
/operating_model/cells/downside_2027q2_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q2_revenue:downside/labelNoneConsolidated revenue
/operating_model/cells/downside_2027q2_revenue:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_revenue:downside/valueNone1072.5890304
/operating_model/cells/downside_2027q2_sbc:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_sbc:downside/caseNonedownside
/operating_model/cells/downside_2027q2_sbc:downside/idNonedownside_2027q2_sbc
/operating_model/cells/downside_2027q2_sbc:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_sbc:downside/labelNoneStock compensation expense
/operating_model/cells/downside_2027q2_sbc:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_sbc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_sbc:downside/valueNone11.2
/operating_model/cells/downside_2027q2_service_margin:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_service_margin:downside/caseNonedownside
/operating_model/cells/downside_2027q2_service_margin:downside/idNonedownside_2027q2_service_margin
/operating_model/cells/downside_2027q2_service_margin:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_service_margin:downside/labelNoneService contribution margin
/operating_model/cells/downside_2027q2_service_margin:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_service_margin:downside/unitNoneratio
/operating_model/cells/downside_2027q2_service_margin:downside/valueNone0.165
/operating_model/cells/downside_2027q2_tra:downside/basisNoneDesk cash allowance, not a conclusion that the $66.870M liability is extinguished.
/operating_model/cells/downside_2027q2_tra:downside/caseNonedownside
/operating_model/cells/downside_2027q2_tra:downside/idNonedownside_2027q2_tra
/operating_model/cells/downside_2027q2_tra:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_tra:downside/labelNoneTRA cash payment
/operating_model/cells/downside_2027q2_tra:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_tra:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_tra:downside/valueNone0.0
/operating_model/cells/downside_2027q2_transaction:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_transaction:downside/caseNonedownside
/operating_model/cells/downside_2027q2_transaction:downside/idNonedownside_2027q2_transaction
/operating_model/cells/downside_2027q2_transaction:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_transaction:downside/labelNoneTransaction and other operating expense
/operating_model/cells/downside_2027q2_transaction:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_transaction:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_transaction:downside/valueNone2.0
/operating_model/cells/downside_2027q2_wc_use:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q2_wc_use:downside/caseNonedownside
/operating_model/cells/downside_2027q2_wc_use:downside/idNonedownside_2027q2_wc_use
/operating_model/cells/downside_2027q2_wc_use:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_wc_use:downside/labelNoneNet operating working-capital use
/operating_model/cells/downside_2027q2_wc_use:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_wc_use:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_wc_use:downside/valueNone35.0
/operating_model/cells/downside_2027q3_activity:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_activity:downside/caseNonedownside
/operating_model/cells/downside_2027q3_activity:downside/idNonedownside_2027q3_activity
/operating_model/cells/downside_2027q3_activity:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_activity:downside/labelNoneActivity versus Q2
/operating_model/cells/downside_2027q3_activity:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_activity:downside/unitNoneratio
/operating_model/cells/downside_2027q3_activity:downside/valueNone0.96
/operating_model/cells/downside_2027q3_adj_ebitda:downside/basisNoneExcludes equity compensation, D&A and modeled nonrecurring transaction costs; ordinary operating costs remain.
/operating_model/cells/downside_2027q3_adj_ebitda:downside/caseNonedownside
/operating_model/cells/downside_2027q3_adj_ebitda:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_adj_ebitda:downside/formula/refs/0Nonedownside_2027q3_contribution
/operating_model/cells/downside_2027q3_adj_ebitda:downside/formula/refs/1Nonedownside_2027q3_cash_overhead
/operating_model/cells/downside_2027q3_adj_ebitda:downside/idNonedownside_2027q3_adj_ebitda
/operating_model/cells/downside_2027q3_adj_ebitda:downside/kindNonederived
/operating_model/cells/downside_2027q3_adj_ebitda:downside/labelNoneAdjusted EBITDA proxy
/operating_model/cells/downside_2027q3_adj_ebitda:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_adj_ebitda:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_adj_ebitda:downside/valueNone116.74266214400001
/operating_model/cells/downside_2027q3_awards:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_awards:downside/caseNonedownside
/operating_model/cells/downside_2027q3_awards:downside/idNonedownside_2027q3_awards
/operating_model/cells/downside_2027q3_awards:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_awards:downside/labelNoneEmployee award withholding
/operating_model/cells/downside_2027q3_awards:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_awards:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_awards:downside/valueNone3.0
/operating_model/cells/downside_2027q3_capex:downside/basisNoneIncludes deposits once; not an additional deduction after capex.
/operating_model/cells/downside_2027q3_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q3_capex:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_capex:downside/formula/refs/0Nonedownside_2027q3_maintenance_capex
/operating_model/cells/downside_2027q3_capex:downside/formula/refs/1Nonedownside_2027q3_power_capex
/operating_model/cells/downside_2027q3_capex:downside/idNonedownside_2027q3_capex
/operating_model/cells/downside_2027q3_capex:downside/kindNonederived
/operating_model/cells/downside_2027q3_capex:downside/labelNoneGross cash PP&E and deposits
/operating_model/cells/downside_2027q3_capex:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_capex:downside/valueNone365.0
/operating_model/cells/downside_2027q3_cash_after_claims:downside/basisNoneBefore new financing, acquisitions, optional buybacks and asset-sale proceeds.
/operating_model/cells/downside_2027q3_cash_after_claims:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cash_after_claims:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_cash_after_claims:downside/formula/refs/0Nonedownside_2027q3_fcf
/operating_model/cells/downside_2027q3_cash_after_claims:downside/formula/refs/1Nonedownside_2027q3_claims
/operating_model/cells/downside_2027q3_cash_after_claims:downside/idNonedownside_2027q3_cash_after_claims
/operating_model/cells/downside_2027q3_cash_after_claims:downside/kindNonederived
/operating_model/cells/downside_2027q3_cash_after_claims:downside/labelNoneCash after investment and capital claims
/operating_model/cells/downside_2027q3_cash_after_claims:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cash_after_claims:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_cash_after_claims:downside/valueNone-348.333837856
/operating_model/cells/downside_2027q3_cash_interest:downside/basisNoneSmall-loan and finance-lease interest, less cash yield; convertible notes have no regular coupon.
/operating_model/cells/downside_2027q3_cash_interest:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cash_interest:downside/idNonedownside_2027q3_cash_interest
/operating_model/cells/downside_2027q3_cash_interest:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_cash_interest:downside/labelNoneCash interest net of investment income
/operating_model/cells/downside_2027q3_cash_interest:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cash_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_cash_interest:downside/valueNone6.0
/operating_model/cells/downside_2027q3_cash_overhead:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_cash_overhead:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cash_overhead:downside/idNonedownside_2027q3_cash_overhead
/operating_model/cells/downside_2027q3_cash_overhead:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_cash_overhead:downside/labelNoneG&A excluding stock compensation
/operating_model/cells/downside_2027q3_cash_overhead:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cash_overhead:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_cash_overhead:downside/valueNone64.0
/operating_model/cells/downside_2027q3_cash_tax:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cash_tax:downside/idNonedownside_2027q3_cash_tax
/operating_model/cells/downside_2027q3_cash_tax:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_cash_tax:downside/labelNoneCash income taxes
/operating_model/cells/downside_2027q3_cash_tax:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_cash_tax:downside/valueNone5.0
/operating_model/cells/downside_2027q3_cfo:downside/basisNoneDoes not repeat noncash investment marks as cash generation.
/operating_model/cells/downside_2027q3_cfo:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cfo:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_cfo:downside/formula/refs/0Nonedownside_2027q3_adj_ebitda
/operating_model/cells/downside_2027q3_cfo:downside/formula/refs/1Nonedownside_2027q3_cfo_uses
/operating_model/cells/downside_2027q3_cfo:downside/idNonedownside_2027q3_cfo
/operating_model/cells/downside_2027q3_cfo:downside/kindNonederived
/operating_model/cells/downside_2027q3_cfo:downside/labelNoneOperating cash flow proxy
/operating_model/cells/downside_2027q3_cfo:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_cfo:downside/valueNone63.74266214400001
/operating_model/cells/downside_2027q3_cfo_uses:downside/basisNoneLease principal and TRA remain below CFO; transaction costs remain cash uses.
/operating_model/cells/downside_2027q3_cfo_uses:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cfo_uses:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_cfo_uses:downside/formula/refs/0Nonedownside_2027q3_cash_interest
/operating_model/cells/downside_2027q3_cfo_uses:downside/formula/refs/1Nonedownside_2027q3_cash_tax
/operating_model/cells/downside_2027q3_cfo_uses:downside/formula/refs/2Nonedownside_2027q3_wc_use
/operating_model/cells/downside_2027q3_cfo_uses:downside/formula/refs/3Nonedownside_2027q3_transaction
/operating_model/cells/downside_2027q3_cfo_uses:downside/idNonedownside_2027q3_cfo_uses
/operating_model/cells/downside_2027q3_cfo_uses:downside/kindNonederived
/operating_model/cells/downside_2027q3_cfo_uses:downside/labelNoneCash interest taxes working capital and transaction costs
/operating_model/cells/downside_2027q3_cfo_uses:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cfo_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_cfo_uses:downside/valueNone53.0
/operating_model/cells/downside_2027q3_claims:downside/basisNoneFinancing/equity-investment outflows; no new borrowing included.
/operating_model/cells/downside_2027q3_claims:downside/caseNonedownside
/operating_model/cells/downside_2027q3_claims:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_claims:downside/formula/refs/0Nonedownside_2027q3_lease_principal
/operating_model/cells/downside_2027q3_claims:downside/formula/refs/1Nonedownside_2027q3_tra
/operating_model/cells/downside_2027q3_claims:downside/formula/refs/2Nonedownside_2027q3_dividends
/operating_model/cells/downside_2027q3_claims:downside/formula/refs/3Nonedownside_2027q3_debt_principal
/operating_model/cells/downside_2027q3_claims:downside/formula/refs/4Nonedownside_2027q3_awards
/operating_model/cells/downside_2027q3_claims:downside/formula/refs/5Nonedownside_2027q3_investments
/operating_model/cells/downside_2027q3_claims:downside/idNonedownside_2027q3_claims
/operating_model/cells/downside_2027q3_claims:downside/kindNonederived
/operating_model/cells/downside_2027q3_claims:downside/labelNoneAdditional cash uses
/operating_model/cells/downside_2027q3_claims:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_claims:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_claims:downside/valueNone47.0765
/operating_model/cells/downside_2027q3_contribution:downside/basisNoneCompany does not report these as separate historical segments.
/operating_model/cells/downside_2027q3_contribution:downside/caseNonedownside
/operating_model/cells/downside_2027q3_contribution:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_contribution:downside/formula/refs/0Nonedownside_2027q3_existing_contribution
/operating_model/cells/downside_2027q3_contribution:downside/formula/refs/1Nonedownside_2027q3_power_contribution
/operating_model/cells/downside_2027q3_contribution:downside/idNonedownside_2027q3_contribution
/operating_model/cells/downside_2027q3_contribution:downside/kindNonederived
/operating_model/cells/downside_2027q3_contribution:downside/labelNoneService contribution before overhead and D&A
/operating_model/cells/downside_2027q3_contribution:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_contribution:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_contribution:downside/valueNone180.742662144
/operating_model/cells/downside_2027q3_da:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_da:downside/caseNonedownside
/operating_model/cells/downside_2027q3_da:downside/idNonedownside_2027q3_da
/operating_model/cells/downside_2027q3_da:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_da:downside/labelNoneDepreciation depletion and amortization
/operating_model/cells/downside_2027q3_da:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_da:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_da:downside/valueNone128.0
/operating_model/cells/downside_2027q3_debt_principal:downside/basisNoneRemainder 2026 $4.961M and 2027 $11.906M disclosed debt maturities, evenly allocated.
/operating_model/cells/downside_2027q3_debt_principal:downside/caseNonedownside
/operating_model/cells/downside_2027q3_debt_principal:downside/idNonedownside_2027q3_debt_principal
/operating_model/cells/downside_2027q3_debt_principal:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_debt_principal:downside/labelNoneSmall-loan principal
/operating_model/cells/downside_2027q3_debt_principal:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_debt_principal:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_debt_principal:downside/valueNone2.9765
/operating_model/cells/downside_2027q3_dividends:downside/basisNoneApproximately $0.09 per share quarterly, including allowance for award equivalents; future board declarations required.
/operating_model/cells/downside_2027q3_dividends:downside/caseNonedownside
/operating_model/cells/downside_2027q3_dividends:downside/idNonedownside_2027q3_dividends
/operating_model/cells/downside_2027q3_dividends:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_dividends:downside/labelNoneCommon dividends and equivalents
/operating_model/cells/downside_2027q3_dividends:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_dividends:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_dividends:downside/valueNone15.1
/operating_model/cells/downside_2027q3_existing_contribution:downside/basisNoneCost of services excludes D&A.
/operating_model/cells/downside_2027q3_existing_contribution:downside/caseNonedownside
/operating_model/cells/downside_2027q3_existing_contribution:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q3_existing_contribution:downside/formula/refs/0Nonedownside_2027q3_existing_revenue
/operating_model/cells/downside_2027q3_existing_contribution:downside/formula/refs/1Nonedownside_2027q3_service_margin
/operating_model/cells/downside_2027q3_existing_contribution:downside/idNonedownside_2027q3_existing_contribution
/operating_model/cells/downside_2027q3_existing_contribution:downside/kindNonederived
/operating_model/cells/downside_2027q3_existing_contribution:downside/labelNoneExisting-business contribution
/operating_model/cells/downside_2027q3_existing_contribution:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_existing_contribution:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_existing_contribution:downside/valueNone180.742662144
/operating_model/cells/downside_2027q3_existing_revenue:downside/basisNoneConsolidated anchor already includes existing power-related activity.
/operating_model/cells/downside_2027q3_existing_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q3_existing_revenue:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q3_existing_revenue:downside/formula/refs/0Noneq2_revenue
/operating_model/cells/downside_2027q3_existing_revenue:downside/formula/refs/1Nonedownside_2027q3_activity
/operating_model/cells/downside_2027q3_existing_revenue:downside/formula/refs/2Nonedownside_2027q3_price
/operating_model/cells/downside_2027q3_existing_revenue:downside/idNonedownside_2027q3_existing_revenue
/operating_model/cells/downside_2027q3_existing_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q3_existing_revenue:downside/labelNoneExisting business revenue
/operating_model/cells/downside_2027q3_existing_revenue:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_existing_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_existing_revenue:downside/valueNone1095.4100736
/operating_model/cells/downside_2027q3_fcf:downside/basisNoneNo disposal proceeds netted against cash PP&E.
/operating_model/cells/downside_2027q3_fcf:downside/caseNonedownside
/operating_model/cells/downside_2027q3_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_fcf:downside/formula/refs/0Nonedownside_2027q3_cfo
/operating_model/cells/downside_2027q3_fcf:downside/formula/refs/1Nonedownside_2027q3_capex
/operating_model/cells/downside_2027q3_fcf:downside/idNonedownside_2027q3_fcf
/operating_model/cells/downside_2027q3_fcf:downside/kindNonederived
/operating_model/cells/downside_2027q3_fcf:downside/labelNoneCFO less gross PP&E
/operating_model/cells/downside_2027q3_fcf:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_fcf:downside/valueNone-301.257337856
/operating_model/cells/downside_2027q3_gaap_deductions:downside/basisNoneNo investment fair-value gains in operating earnings.
/operating_model/cells/downside_2027q3_gaap_deductions:downside/caseNonedownside
/operating_model/cells/downside_2027q3_gaap_deductions:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_gaap_deductions:downside/formula/refs/0Nonedownside_2027q3_sbc
/operating_model/cells/downside_2027q3_gaap_deductions:downside/formula/refs/1Nonedownside_2027q3_da
/operating_model/cells/downside_2027q3_gaap_deductions:downside/formula/refs/2Nonedownside_2027q3_transaction
/operating_model/cells/downside_2027q3_gaap_deductions:downside/idNonedownside_2027q3_gaap_deductions
/operating_model/cells/downside_2027q3_gaap_deductions:downside/kindNonederived
/operating_model/cells/downside_2027q3_gaap_deductions:downside/labelNoneD&A, equity expense and transaction costs
/operating_model/cells/downside_2027q3_gaap_deductions:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_gaap_deductions:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_gaap_deductions:downside/valueNone141.6
/operating_model/cells/downside_2027q3_investments:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_investments:downside/caseNonedownside
/operating_model/cells/downside_2027q3_investments:downside/idNonedownside_2027q3_investments
/operating_model/cells/downside_2027q3_investments:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_investments:downside/labelNoneEquity investment purchases
/operating_model/cells/downside_2027q3_investments:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_investments:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_investments:downside/valueNone7.0
/operating_model/cells/downside_2027q3_lease_principal:downside/basisNoneDesk allocation informed by remaining 2026 gross lease payments $79.705M and 2027 $87.432M, including interest. Interest is separately in CFO.
/operating_model/cells/downside_2027q3_lease_principal:downside/caseNonedownside
/operating_model/cells/downside_2027q3_lease_principal:downside/idNonedownside_2027q3_lease_principal
/operating_model/cells/downside_2027q3_lease_principal:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_lease_principal:downside/labelNoneFinance-lease principal
/operating_model/cells/downside_2027q3_lease_principal:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_lease_principal:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_lease_principal:downside/valueNone19.0
/operating_model/cells/downside_2027q3_maintenance_capex:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_maintenance_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q3_maintenance_capex:downside/idNonedownside_2027q3_maintenance_capex
/operating_model/cells/downside_2027q3_maintenance_capex:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_maintenance_capex:downside/labelNoneExisting fleet and other PP&E cash
/operating_model/cells/downside_2027q3_maintenance_capex:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_maintenance_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_maintenance_capex:downside/valueNone125.0
/operating_model/cells/downside_2027q3_new_power:downside/basisNoneDesk revenue sensitivity only; no customer contract revenue per MW was disclosed for PowerBridge.
/operating_model/cells/downside_2027q3_new_power:downside/caseNonedownside
/operating_model/cells/downside_2027q3_new_power:downside/idNonedownside_2027q3_new_power
/operating_model/cells/downside_2027q3_new_power:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_new_power:downside/labelNoneIncremental new-project power revenue
/operating_model/cells/downside_2027q3_new_power:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_new_power:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_new_power:downside/valueNone0.0
/operating_model/cells/downside_2027q3_operating_income:downside/basisNoneAssumes no net disposal gain/loss or impairment; separate downside risks.
/operating_model/cells/downside_2027q3_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2027q3_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_operating_income:downside/formula/refs/0Nonedownside_2027q3_adj_ebitda
/operating_model/cells/downside_2027q3_operating_income:downside/formula/refs/1Nonedownside_2027q3_gaap_deductions
/operating_model/cells/downside_2027q3_operating_income:downside/idNonedownside_2027q3_operating_income
/operating_model/cells/downside_2027q3_operating_income:downside/kindNonederived
/operating_model/cells/downside_2027q3_operating_income:downside/labelNoneGAAP operating income proxy
/operating_model/cells/downside_2027q3_operating_income:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_operating_income:downside/valueNone-24.857337855999987
/operating_model/cells/downside_2027q3_power_capex:downside/basisNoneScenario allocation within aggregate capex; redacted equipment milestones prevent an exact contractual schedule.
/operating_model/cells/downside_2027q3_power_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q3_power_capex:downside/idNonedownside_2027q3_power_capex
/operating_model/cells/downside_2027q3_power_capex:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_power_capex:downside/labelNonePower engines deposits and buildout cash
/operating_model/cells/downside_2027q3_power_capex:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_power_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_power_capex:downside/valueNone240.0
/operating_model/cells/downside_2027q3_power_contribution:downside/basisNoneIncremental modeled operations only.
/operating_model/cells/downside_2027q3_power_contribution:downside/caseNonedownside
/operating_model/cells/downside_2027q3_power_contribution:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q3_power_contribution:downside/formula/refs/0Nonedownside_2027q3_new_power
/operating_model/cells/downside_2027q3_power_contribution:downside/formula/refs/1Nonedownside_2027q3_power_margin
/operating_model/cells/downside_2027q3_power_contribution:downside/idNonedownside_2027q3_power_contribution
/operating_model/cells/downside_2027q3_power_contribution:downside/kindNonederived
/operating_model/cells/downside_2027q3_power_contribution:downside/labelNoneNew power contribution
/operating_model/cells/downside_2027q3_power_contribution:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_power_contribution:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_power_contribution:downside/valueNone0.0
/operating_model/cells/downside_2027q3_power_margin:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_power_margin:downside/caseNonedownside
/operating_model/cells/downside_2027q3_power_margin:downside/idNonedownside_2027q3_power_margin
/operating_model/cells/downside_2027q3_power_margin:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_power_margin:downside/labelNoneIncremental power contribution margin
/operating_model/cells/downside_2027q3_power_margin:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_power_margin:downside/unitNoneratio
/operating_model/cells/downside_2027q3_power_margin:downside/valueNone0.2
/operating_model/cells/downside_2027q3_price:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_price:downside/caseNonedownside
/operating_model/cells/downside_2027q3_price:downside/idNonedownside_2027q3_price
/operating_model/cells/downside_2027q3_price:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_price:downside/labelNonePricing/mix versus Q2
/operating_model/cells/downside_2027q3_price:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_price:downside/unitNoneratio
/operating_model/cells/downside_2027q3_price:downside/valueNone0.96
/operating_model/cells/downside_2027q3_revenue:downside/basisNoneNo revenue from buying engines or announcing capacity.
/operating_model/cells/downside_2027q3_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q3_revenue:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_revenue:downside/formula/refs/0Nonedownside_2027q3_existing_revenue
/operating_model/cells/downside_2027q3_revenue:downside/formula/refs/1Nonedownside_2027q3_new_power
/operating_model/cells/downside_2027q3_revenue:downside/idNonedownside_2027q3_revenue
/operating_model/cells/downside_2027q3_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q3_revenue:downside/labelNoneConsolidated revenue
/operating_model/cells/downside_2027q3_revenue:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_revenue:downside/valueNone1095.4100736
/operating_model/cells/downside_2027q3_sbc:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_sbc:downside/caseNonedownside
/operating_model/cells/downside_2027q3_sbc:downside/idNonedownside_2027q3_sbc
/operating_model/cells/downside_2027q3_sbc:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_sbc:downside/labelNoneStock compensation expense
/operating_model/cells/downside_2027q3_sbc:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_sbc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_sbc:downside/valueNone11.6
/operating_model/cells/downside_2027q3_service_margin:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_service_margin:downside/caseNonedownside
/operating_model/cells/downside_2027q3_service_margin:downside/idNonedownside_2027q3_service_margin
/operating_model/cells/downside_2027q3_service_margin:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_service_margin:downside/labelNoneService contribution margin
/operating_model/cells/downside_2027q3_service_margin:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_service_margin:downside/unitNoneratio
/operating_model/cells/downside_2027q3_service_margin:downside/valueNone0.165
/operating_model/cells/downside_2027q3_tra:downside/basisNoneDesk cash allowance, not a conclusion that the $66.870M liability is extinguished.
/operating_model/cells/downside_2027q3_tra:downside/caseNonedownside
/operating_model/cells/downside_2027q3_tra:downside/idNonedownside_2027q3_tra
/operating_model/cells/downside_2027q3_tra:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_tra:downside/labelNoneTRA cash payment
/operating_model/cells/downside_2027q3_tra:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_tra:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_tra:downside/valueNone0.0
/operating_model/cells/downside_2027q3_transaction:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_transaction:downside/caseNonedownside
/operating_model/cells/downside_2027q3_transaction:downside/idNonedownside_2027q3_transaction
/operating_model/cells/downside_2027q3_transaction:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_transaction:downside/labelNoneTransaction and other operating expense
/operating_model/cells/downside_2027q3_transaction:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_transaction:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_transaction:downside/valueNone2.0
/operating_model/cells/downside_2027q3_wc_use:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q3_wc_use:downside/caseNonedownside
/operating_model/cells/downside_2027q3_wc_use:downside/idNonedownside_2027q3_wc_use
/operating_model/cells/downside_2027q3_wc_use:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_wc_use:downside/labelNoneNet operating working-capital use
/operating_model/cells/downside_2027q3_wc_use:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_wc_use:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_wc_use:downside/valueNone40.0
/operating_model/cells/downside_2027q4_activity:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_activity:downside/caseNonedownside
/operating_model/cells/downside_2027q4_activity:downside/idNonedownside_2027q4_activity
/operating_model/cells/downside_2027q4_activity:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_activity:downside/labelNoneActivity versus Q2
/operating_model/cells/downside_2027q4_activity:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_activity:downside/unitNoneratio
/operating_model/cells/downside_2027q4_activity:downside/valueNone0.96
/operating_model/cells/downside_2027q4_adj_ebitda:downside/basisNoneExcludes equity compensation, D&A and modeled nonrecurring transaction costs; ordinary operating costs remain.
/operating_model/cells/downside_2027q4_adj_ebitda:downside/caseNonedownside
/operating_model/cells/downside_2027q4_adj_ebitda:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_adj_ebitda:downside/formula/refs/0Nonedownside_2027q4_contribution
/operating_model/cells/downside_2027q4_adj_ebitda:downside/formula/refs/1Nonedownside_2027q4_cash_overhead
/operating_model/cells/downside_2027q4_adj_ebitda:downside/idNonedownside_2027q4_adj_ebitda
/operating_model/cells/downside_2027q4_adj_ebitda:downside/kindNonederived
/operating_model/cells/downside_2027q4_adj_ebitda:downside/labelNoneAdjusted EBITDA proxy
/operating_model/cells/downside_2027q4_adj_ebitda:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_adj_ebitda:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_adj_ebitda:downside/valueNone115.24266214400001
/operating_model/cells/downside_2027q4_awards:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_awards:downside/caseNonedownside
/operating_model/cells/downside_2027q4_awards:downside/idNonedownside_2027q4_awards
/operating_model/cells/downside_2027q4_awards:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_awards:downside/labelNoneEmployee award withholding
/operating_model/cells/downside_2027q4_awards:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_awards:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_awards:downside/valueNone3.0
/operating_model/cells/downside_2027q4_capex:downside/basisNoneIncludes deposits once; not an additional deduction after capex.
/operating_model/cells/downside_2027q4_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q4_capex:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_capex:downside/formula/refs/0Nonedownside_2027q4_maintenance_capex
/operating_model/cells/downside_2027q4_capex:downside/formula/refs/1Nonedownside_2027q4_power_capex
/operating_model/cells/downside_2027q4_capex:downside/idNonedownside_2027q4_capex
/operating_model/cells/downside_2027q4_capex:downside/kindNonederived
/operating_model/cells/downside_2027q4_capex:downside/labelNoneGross cash PP&E and deposits
/operating_model/cells/downside_2027q4_capex:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_capex:downside/valueNone345.0
/operating_model/cells/downside_2027q4_cash_after_claims:downside/basisNoneBefore new financing, acquisitions, optional buybacks and asset-sale proceeds.
/operating_model/cells/downside_2027q4_cash_after_claims:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cash_after_claims:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_cash_after_claims:downside/formula/refs/0Nonedownside_2027q4_fcf
/operating_model/cells/downside_2027q4_cash_after_claims:downside/formula/refs/1Nonedownside_2027q4_claims
/operating_model/cells/downside_2027q4_cash_after_claims:downside/idNonedownside_2027q4_cash_after_claims
/operating_model/cells/downside_2027q4_cash_after_claims:downside/kindNonederived
/operating_model/cells/downside_2027q4_cash_after_claims:downside/labelNoneCash after investment and capital claims
/operating_model/cells/downside_2027q4_cash_after_claims:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cash_after_claims:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_cash_after_claims:downside/valueNone-319.833837856
/operating_model/cells/downside_2027q4_cash_interest:downside/basisNoneSmall-loan and finance-lease interest, less cash yield; convertible notes have no regular coupon.
/operating_model/cells/downside_2027q4_cash_interest:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cash_interest:downside/idNonedownside_2027q4_cash_interest
/operating_model/cells/downside_2027q4_cash_interest:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_cash_interest:downside/labelNoneCash interest net of investment income
/operating_model/cells/downside_2027q4_cash_interest:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cash_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_cash_interest:downside/valueNone6.0
/operating_model/cells/downside_2027q4_cash_overhead:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_cash_overhead:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cash_overhead:downside/idNonedownside_2027q4_cash_overhead
/operating_model/cells/downside_2027q4_cash_overhead:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_cash_overhead:downside/labelNoneG&A excluding stock compensation
/operating_model/cells/downside_2027q4_cash_overhead:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cash_overhead:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_cash_overhead:downside/valueNone65.5
/operating_model/cells/downside_2027q4_cash_tax:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cash_tax:downside/idNonedownside_2027q4_cash_tax
/operating_model/cells/downside_2027q4_cash_tax:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_cash_tax:downside/labelNoneCash income taxes
/operating_model/cells/downside_2027q4_cash_tax:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_cash_tax:downside/valueNone5.0
/operating_model/cells/downside_2027q4_cfo:downside/basisNoneDoes not repeat noncash investment marks as cash generation.
/operating_model/cells/downside_2027q4_cfo:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cfo:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_cfo:downside/formula/refs/0Nonedownside_2027q4_adj_ebitda
/operating_model/cells/downside_2027q4_cfo:downside/formula/refs/1Nonedownside_2027q4_cfo_uses
/operating_model/cells/downside_2027q4_cfo:downside/idNonedownside_2027q4_cfo
/operating_model/cells/downside_2027q4_cfo:downside/kindNonederived
/operating_model/cells/downside_2027q4_cfo:downside/labelNoneOperating cash flow proxy
/operating_model/cells/downside_2027q4_cfo:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_cfo:downside/valueNone72.24266214400001
/operating_model/cells/downside_2027q4_cfo_uses:downside/basisNoneLease principal and TRA remain below CFO; transaction costs remain cash uses.
/operating_model/cells/downside_2027q4_cfo_uses:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cfo_uses:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_cfo_uses:downside/formula/refs/0Nonedownside_2027q4_cash_interest
/operating_model/cells/downside_2027q4_cfo_uses:downside/formula/refs/1Nonedownside_2027q4_cash_tax
/operating_model/cells/downside_2027q4_cfo_uses:downside/formula/refs/2Nonedownside_2027q4_wc_use
/operating_model/cells/downside_2027q4_cfo_uses:downside/formula/refs/3Nonedownside_2027q4_transaction
/operating_model/cells/downside_2027q4_cfo_uses:downside/idNonedownside_2027q4_cfo_uses
/operating_model/cells/downside_2027q4_cfo_uses:downside/kindNonederived
/operating_model/cells/downside_2027q4_cfo_uses:downside/labelNoneCash interest taxes working capital and transaction costs
/operating_model/cells/downside_2027q4_cfo_uses:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cfo_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_cfo_uses:downside/valueNone43.0
/operating_model/cells/downside_2027q4_claims:downside/basisNoneFinancing/equity-investment outflows; no new borrowing included.
/operating_model/cells/downside_2027q4_claims:downside/caseNonedownside
/operating_model/cells/downside_2027q4_claims:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_claims:downside/formula/refs/0Nonedownside_2027q4_lease_principal
/operating_model/cells/downside_2027q4_claims:downside/formula/refs/1Nonedownside_2027q4_tra
/operating_model/cells/downside_2027q4_claims:downside/formula/refs/2Nonedownside_2027q4_dividends
/operating_model/cells/downside_2027q4_claims:downside/formula/refs/3Nonedownside_2027q4_debt_principal
/operating_model/cells/downside_2027q4_claims:downside/formula/refs/4Nonedownside_2027q4_awards
/operating_model/cells/downside_2027q4_claims:downside/formula/refs/5Nonedownside_2027q4_investments
/operating_model/cells/downside_2027q4_claims:downside/idNonedownside_2027q4_claims
/operating_model/cells/downside_2027q4_claims:downside/kindNonederived
/operating_model/cells/downside_2027q4_claims:downside/labelNoneAdditional cash uses
/operating_model/cells/downside_2027q4_claims:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_claims:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_claims:downside/valueNone47.0765
/operating_model/cells/downside_2027q4_contribution:downside/basisNoneCompany does not report these as separate historical segments.
/operating_model/cells/downside_2027q4_contribution:downside/caseNonedownside
/operating_model/cells/downside_2027q4_contribution:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_contribution:downside/formula/refs/0Nonedownside_2027q4_existing_contribution
/operating_model/cells/downside_2027q4_contribution:downside/formula/refs/1Nonedownside_2027q4_power_contribution
/operating_model/cells/downside_2027q4_contribution:downside/idNonedownside_2027q4_contribution
/operating_model/cells/downside_2027q4_contribution:downside/kindNonederived
/operating_model/cells/downside_2027q4_contribution:downside/labelNoneService contribution before overhead and D&A
/operating_model/cells/downside_2027q4_contribution:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_contribution:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_contribution:downside/valueNone180.742662144
/operating_model/cells/downside_2027q4_da:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_da:downside/caseNonedownside
/operating_model/cells/downside_2027q4_da:downside/idNonedownside_2027q4_da
/operating_model/cells/downside_2027q4_da:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_da:downside/labelNoneDepreciation depletion and amortization
/operating_model/cells/downside_2027q4_da:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_da:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_da:downside/valueNone131.0
/operating_model/cells/downside_2027q4_debt_principal:downside/basisNoneRemainder 2026 $4.961M and 2027 $11.906M disclosed debt maturities, evenly allocated.
/operating_model/cells/downside_2027q4_debt_principal:downside/caseNonedownside
/operating_model/cells/downside_2027q4_debt_principal:downside/idNonedownside_2027q4_debt_principal
/operating_model/cells/downside_2027q4_debt_principal:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_debt_principal:downside/labelNoneSmall-loan principal
/operating_model/cells/downside_2027q4_debt_principal:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_debt_principal:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_debt_principal:downside/valueNone2.9765
/operating_model/cells/downside_2027q4_dividends:downside/basisNoneApproximately $0.09 per share quarterly, including allowance for award equivalents; future board declarations required.
/operating_model/cells/downside_2027q4_dividends:downside/caseNonedownside
/operating_model/cells/downside_2027q4_dividends:downside/idNonedownside_2027q4_dividends
/operating_model/cells/downside_2027q4_dividends:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_dividends:downside/labelNoneCommon dividends and equivalents
/operating_model/cells/downside_2027q4_dividends:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_dividends:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_dividends:downside/valueNone15.1
/operating_model/cells/downside_2027q4_existing_contribution:downside/basisNoneCost of services excludes D&A.
/operating_model/cells/downside_2027q4_existing_contribution:downside/caseNonedownside
/operating_model/cells/downside_2027q4_existing_contribution:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q4_existing_contribution:downside/formula/refs/0Nonedownside_2027q4_existing_revenue
/operating_model/cells/downside_2027q4_existing_contribution:downside/formula/refs/1Nonedownside_2027q4_service_margin
/operating_model/cells/downside_2027q4_existing_contribution:downside/idNonedownside_2027q4_existing_contribution
/operating_model/cells/downside_2027q4_existing_contribution:downside/kindNonederived
/operating_model/cells/downside_2027q4_existing_contribution:downside/labelNoneExisting-business contribution
/operating_model/cells/downside_2027q4_existing_contribution:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_existing_contribution:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_existing_contribution:downside/valueNone180.742662144
/operating_model/cells/downside_2027q4_existing_revenue:downside/basisNoneConsolidated anchor already includes existing power-related activity.
/operating_model/cells/downside_2027q4_existing_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q4_existing_revenue:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q4_existing_revenue:downside/formula/refs/0Noneq2_revenue
/operating_model/cells/downside_2027q4_existing_revenue:downside/formula/refs/1Nonedownside_2027q4_activity
/operating_model/cells/downside_2027q4_existing_revenue:downside/formula/refs/2Nonedownside_2027q4_price
/operating_model/cells/downside_2027q4_existing_revenue:downside/idNonedownside_2027q4_existing_revenue
/operating_model/cells/downside_2027q4_existing_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q4_existing_revenue:downside/labelNoneExisting business revenue
/operating_model/cells/downside_2027q4_existing_revenue:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_existing_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_existing_revenue:downside/valueNone1095.4100736
/operating_model/cells/downside_2027q4_fcf:downside/basisNoneNo disposal proceeds netted against cash PP&E.
/operating_model/cells/downside_2027q4_fcf:downside/caseNonedownside
/operating_model/cells/downside_2027q4_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_fcf:downside/formula/refs/0Nonedownside_2027q4_cfo
/operating_model/cells/downside_2027q4_fcf:downside/formula/refs/1Nonedownside_2027q4_capex
/operating_model/cells/downside_2027q4_fcf:downside/idNonedownside_2027q4_fcf
/operating_model/cells/downside_2027q4_fcf:downside/kindNonederived
/operating_model/cells/downside_2027q4_fcf:downside/labelNoneCFO less gross PP&E
/operating_model/cells/downside_2027q4_fcf:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_fcf:downside/valueNone-272.757337856
/operating_model/cells/downside_2027q4_gaap_deductions:downside/basisNoneNo investment fair-value gains in operating earnings.
/operating_model/cells/downside_2027q4_gaap_deductions:downside/caseNonedownside
/operating_model/cells/downside_2027q4_gaap_deductions:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_gaap_deductions:downside/formula/refs/0Nonedownside_2027q4_sbc
/operating_model/cells/downside_2027q4_gaap_deductions:downside/formula/refs/1Nonedownside_2027q4_da
/operating_model/cells/downside_2027q4_gaap_deductions:downside/formula/refs/2Nonedownside_2027q4_transaction
/operating_model/cells/downside_2027q4_gaap_deductions:downside/idNonedownside_2027q4_gaap_deductions
/operating_model/cells/downside_2027q4_gaap_deductions:downside/kindNonederived
/operating_model/cells/downside_2027q4_gaap_deductions:downside/labelNoneD&A, equity expense and transaction costs
/operating_model/cells/downside_2027q4_gaap_deductions:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_gaap_deductions:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_gaap_deductions:downside/valueNone145.0
/operating_model/cells/downside_2027q4_investments:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_investments:downside/caseNonedownside
/operating_model/cells/downside_2027q4_investments:downside/idNonedownside_2027q4_investments
/operating_model/cells/downside_2027q4_investments:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_investments:downside/labelNoneEquity investment purchases
/operating_model/cells/downside_2027q4_investments:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_investments:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_investments:downside/valueNone7.0
/operating_model/cells/downside_2027q4_lease_principal:downside/basisNoneDesk allocation informed by remaining 2026 gross lease payments $79.705M and 2027 $87.432M, including interest. Interest is separately in CFO.
/operating_model/cells/downside_2027q4_lease_principal:downside/caseNonedownside
/operating_model/cells/downside_2027q4_lease_principal:downside/idNonedownside_2027q4_lease_principal
/operating_model/cells/downside_2027q4_lease_principal:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_lease_principal:downside/labelNoneFinance-lease principal
/operating_model/cells/downside_2027q4_lease_principal:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_lease_principal:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_lease_principal:downside/valueNone19.0
/operating_model/cells/downside_2027q4_maintenance_capex:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_maintenance_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q4_maintenance_capex:downside/idNonedownside_2027q4_maintenance_capex
/operating_model/cells/downside_2027q4_maintenance_capex:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_maintenance_capex:downside/labelNoneExisting fleet and other PP&E cash
/operating_model/cells/downside_2027q4_maintenance_capex:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_maintenance_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_maintenance_capex:downside/valueNone125.0
/operating_model/cells/downside_2027q4_new_power:downside/basisNoneDesk revenue sensitivity only; no customer contract revenue per MW was disclosed for PowerBridge.
/operating_model/cells/downside_2027q4_new_power:downside/caseNonedownside
/operating_model/cells/downside_2027q4_new_power:downside/idNonedownside_2027q4_new_power
/operating_model/cells/downside_2027q4_new_power:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_new_power:downside/labelNoneIncremental new-project power revenue
/operating_model/cells/downside_2027q4_new_power:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_new_power:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_new_power:downside/valueNone0.0
/operating_model/cells/downside_2027q4_operating_income:downside/basisNoneAssumes no net disposal gain/loss or impairment; separate downside risks.
/operating_model/cells/downside_2027q4_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2027q4_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_operating_income:downside/formula/refs/0Nonedownside_2027q4_adj_ebitda
/operating_model/cells/downside_2027q4_operating_income:downside/formula/refs/1Nonedownside_2027q4_gaap_deductions
/operating_model/cells/downside_2027q4_operating_income:downside/idNonedownside_2027q4_operating_income
/operating_model/cells/downside_2027q4_operating_income:downside/kindNonederived
/operating_model/cells/downside_2027q4_operating_income:downside/labelNoneGAAP operating income proxy
/operating_model/cells/downside_2027q4_operating_income:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_operating_income:downside/valueNone-29.757337855999992
/operating_model/cells/downside_2027q4_power_capex:downside/basisNoneScenario allocation within aggregate capex; redacted equipment milestones prevent an exact contractual schedule.
/operating_model/cells/downside_2027q4_power_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q4_power_capex:downside/idNonedownside_2027q4_power_capex
/operating_model/cells/downside_2027q4_power_capex:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_power_capex:downside/labelNonePower engines deposits and buildout cash
/operating_model/cells/downside_2027q4_power_capex:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_power_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_power_capex:downside/valueNone220.0
/operating_model/cells/downside_2027q4_power_contribution:downside/basisNoneIncremental modeled operations only.
/operating_model/cells/downside_2027q4_power_contribution:downside/caseNonedownside
/operating_model/cells/downside_2027q4_power_contribution:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q4_power_contribution:downside/formula/refs/0Nonedownside_2027q4_new_power
/operating_model/cells/downside_2027q4_power_contribution:downside/formula/refs/1Nonedownside_2027q4_power_margin
/operating_model/cells/downside_2027q4_power_contribution:downside/idNonedownside_2027q4_power_contribution
/operating_model/cells/downside_2027q4_power_contribution:downside/kindNonederived
/operating_model/cells/downside_2027q4_power_contribution:downside/labelNoneNew power contribution
/operating_model/cells/downside_2027q4_power_contribution:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_power_contribution:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_power_contribution:downside/valueNone0.0
/operating_model/cells/downside_2027q4_power_margin:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_power_margin:downside/caseNonedownside
/operating_model/cells/downside_2027q4_power_margin:downside/idNonedownside_2027q4_power_margin
/operating_model/cells/downside_2027q4_power_margin:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_power_margin:downside/labelNoneIncremental power contribution margin
/operating_model/cells/downside_2027q4_power_margin:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_power_margin:downside/unitNoneratio
/operating_model/cells/downside_2027q4_power_margin:downside/valueNone0.2
/operating_model/cells/downside_2027q4_price:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_price:downside/caseNonedownside
/operating_model/cells/downside_2027q4_price:downside/idNonedownside_2027q4_price
/operating_model/cells/downside_2027q4_price:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_price:downside/labelNonePricing/mix versus Q2
/operating_model/cells/downside_2027q4_price:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_price:downside/unitNoneratio
/operating_model/cells/downside_2027q4_price:downside/valueNone0.96
/operating_model/cells/downside_2027q4_revenue:downside/basisNoneNo revenue from buying engines or announcing capacity.
/operating_model/cells/downside_2027q4_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q4_revenue:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_revenue:downside/formula/refs/0Nonedownside_2027q4_existing_revenue
/operating_model/cells/downside_2027q4_revenue:downside/formula/refs/1Nonedownside_2027q4_new_power
/operating_model/cells/downside_2027q4_revenue:downside/idNonedownside_2027q4_revenue
/operating_model/cells/downside_2027q4_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q4_revenue:downside/labelNoneConsolidated revenue
/operating_model/cells/downside_2027q4_revenue:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_revenue:downside/valueNone1095.4100736
/operating_model/cells/downside_2027q4_sbc:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_sbc:downside/caseNonedownside
/operating_model/cells/downside_2027q4_sbc:downside/idNonedownside_2027q4_sbc
/operating_model/cells/downside_2027q4_sbc:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_sbc:downside/labelNoneStock compensation expense
/operating_model/cells/downside_2027q4_sbc:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_sbc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_sbc:downside/valueNone12.0
/operating_model/cells/downside_2027q4_service_margin:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_service_margin:downside/caseNonedownside
/operating_model/cells/downside_2027q4_service_margin:downside/idNonedownside_2027q4_service_margin
/operating_model/cells/downside_2027q4_service_margin:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_service_margin:downside/labelNoneService contribution margin
/operating_model/cells/downside_2027q4_service_margin:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_service_margin:downside/unitNoneratio
/operating_model/cells/downside_2027q4_service_margin:downside/valueNone0.165
/operating_model/cells/downside_2027q4_tra:downside/basisNoneDesk cash allowance, not a conclusion that the $66.870M liability is extinguished.
/operating_model/cells/downside_2027q4_tra:downside/caseNonedownside
/operating_model/cells/downside_2027q4_tra:downside/idNonedownside_2027q4_tra
/operating_model/cells/downside_2027q4_tra:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_tra:downside/labelNoneTRA cash payment
/operating_model/cells/downside_2027q4_tra:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_tra:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_tra:downside/valueNone0.0
/operating_model/cells/downside_2027q4_transaction:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_transaction:downside/caseNonedownside
/operating_model/cells/downside_2027q4_transaction:downside/idNonedownside_2027q4_transaction
/operating_model/cells/downside_2027q4_transaction:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_transaction:downside/labelNoneTransaction and other operating expense
/operating_model/cells/downside_2027q4_transaction:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_transaction:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_transaction:downside/valueNone2.0
/operating_model/cells/downside_2027q4_wc_use:downside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/downside_2027q4_wc_use:downside/caseNonedownside
/operating_model/cells/downside_2027q4_wc_use:downside/idNonedownside_2027q4_wc_use
/operating_model/cells/downside_2027q4_wc_use:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_wc_use:downside/labelNoneNet operating working-capital use
/operating_model/cells/downside_2027q4_wc_use:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_wc_use:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_wc_use:downside/valueNone30.0
/operating_model/cells/downside_fy2026_adj_ebitda:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_adj_ebitda:downside/caseNonedownside
/operating_model/cells/downside_fy2026_adj_ebitda:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_adj_ebitda:downside/formula/refs/0Noneh1_adj_ebitda
/operating_model/cells/downside_fy2026_adj_ebitda:downside/formula/refs/1Nonedownside_2026q3_adj_ebitda
/operating_model/cells/downside_fy2026_adj_ebitda:downside/formula/refs/2Nonedownside_2026q4_adj_ebitda
/operating_model/cells/downside_fy2026_adj_ebitda:downside/idNonedownside_fy2026_adj_ebitda
/operating_model/cells/downside_fy2026_adj_ebitda:downside/kindNonederived
/operating_model/cells/downside_fy2026_adj_ebitda:downside/labelNoneAdjusted EBITDA proxy ($M)
/operating_model/cells/downside_fy2026_adj_ebitda:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_adj_ebitda:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_adj_ebitda:downside/valueNone507.80117184
/operating_model/cells/downside_fy2026_capex:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_capex:downside/caseNonedownside
/operating_model/cells/downside_fy2026_capex:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_capex:downside/formula/refs/0Noneh1_capex
/operating_model/cells/downside_fy2026_capex:downside/formula/refs/1Nonedownside_2026q3_capex
/operating_model/cells/downside_fy2026_capex:downside/formula/refs/2Nonedownside_2026q4_capex
/operating_model/cells/downside_fy2026_capex:downside/idNonedownside_fy2026_capex
/operating_model/cells/downside_fy2026_capex:downside/kindNonederived
/operating_model/cells/downside_fy2026_capex:downside/labelNoneGross cash PP&E and deposits ($M)
/operating_model/cells/downside_fy2026_capex:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_capex:downside/valueNone970.861
/operating_model/cells/downside_fy2026_cash_after_claims:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_cash_after_claims:downside/caseNonedownside
/operating_model/cells/downside_fy2026_cash_after_claims:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_cash_after_claims:downside/formula/refs/0Noneh1_cash_after_claims
/operating_model/cells/downside_fy2026_cash_after_claims:downside/formula/refs/1Nonedownside_2026q3_cash_after_claims
/operating_model/cells/downside_fy2026_cash_after_claims:downside/formula/refs/2Nonedownside_2026q4_cash_after_claims
/operating_model/cells/downside_fy2026_cash_after_claims:downside/idNonedownside_fy2026_cash_after_claims
/operating_model/cells/downside_fy2026_cash_after_claims:downside/kindNonederived
/operating_model/cells/downside_fy2026_cash_after_claims:downside/labelNoneCash after investment and capital claims ($M)
/operating_model/cells/downside_fy2026_cash_after_claims:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_cash_after_claims:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_cash_after_claims:downside/valueNone-949.1198281599999
/operating_model/cells/downside_fy2026_cfo:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_cfo:downside/caseNonedownside
/operating_model/cells/downside_fy2026_cfo:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_cfo:downside/formula/refs/0Noneh1_cfo
/operating_model/cells/downside_fy2026_cfo:downside/formula/refs/1Nonedownside_2026q3_cfo
/operating_model/cells/downside_fy2026_cfo:downside/formula/refs/2Nonedownside_2026q4_cfo
/operating_model/cells/downside_fy2026_cfo:downside/idNonedownside_fy2026_cfo
/operating_model/cells/downside_fy2026_cfo:downside/kindNonederived
/operating_model/cells/downside_fy2026_cfo:downside/labelNoneOperating cash flow proxy ($M)
/operating_model/cells/downside_fy2026_cfo:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_cfo:downside/valueNone261.24817184000005
/operating_model/cells/downside_fy2026_dividends:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_dividends:downside/caseNonedownside
/operating_model/cells/downside_fy2026_dividends:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_dividends:downside/formula/refs/0Noneh1_dividends
/operating_model/cells/downside_fy2026_dividends:downside/formula/refs/1Nonedownside_2026q3_dividends
/operating_model/cells/downside_fy2026_dividends:downside/formula/refs/2Nonedownside_2026q4_dividends
/operating_model/cells/downside_fy2026_dividends:downside/idNonedownside_fy2026_dividends
/operating_model/cells/downside_fy2026_dividends:downside/kindNonederived
/operating_model/cells/downside_fy2026_dividends:downside/labelNoneCommon dividends and equivalents ($M)
/operating_model/cells/downside_fy2026_dividends:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_dividends:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_dividends:downside/valueNone60.519
/operating_model/cells/downside_fy2026_fcf:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_fcf:downside/caseNonedownside
/operating_model/cells/downside_fy2026_fcf:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_fcf:downside/formula/refs/0Noneh1_fcf
/operating_model/cells/downside_fy2026_fcf:downside/formula/refs/1Nonedownside_2026q3_fcf
/operating_model/cells/downside_fy2026_fcf:downside/formula/refs/2Nonedownside_2026q4_fcf
/operating_model/cells/downside_fy2026_fcf:downside/idNonedownside_fy2026_fcf
/operating_model/cells/downside_fy2026_fcf:downside/kindNonederived
/operating_model/cells/downside_fy2026_fcf:downside/labelNoneCFO less gross cash PP&E ($M)
/operating_model/cells/downside_fy2026_fcf:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_fcf:downside/valueNone-709.6128281599999
/operating_model/cells/downside_fy2026_lease_principal:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_lease_principal:downside/caseNonedownside
/operating_model/cells/downside_fy2026_lease_principal:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_lease_principal:downside/formula/refs/0Noneh1_lease_principal
/operating_model/cells/downside_fy2026_lease_principal:downside/formula/refs/1Nonedownside_2026q3_lease_principal
/operating_model/cells/downside_fy2026_lease_principal:downside/formula/refs/2Nonedownside_2026q4_lease_principal
/operating_model/cells/downside_fy2026_lease_principal:downside/idNonedownside_fy2026_lease_principal
/operating_model/cells/downside_fy2026_lease_principal:downside/kindNonederived
/operating_model/cells/downside_fy2026_lease_principal:downside/labelNoneFinance-lease principal ($M)
/operating_model/cells/downside_fy2026_lease_principal:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_lease_principal:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_lease_principal:downside/valueNone118.33500000000001
/operating_model/cells/downside_fy2026_operating_income:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_operating_income:downside/caseNonedownside
/operating_model/cells/downside_fy2026_operating_income:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_operating_income:downside/formula/refs/0Noneh1_operating_income
/operating_model/cells/downside_fy2026_operating_income:downside/formula/refs/1Nonedownside_2026q3_operating_income
/operating_model/cells/downside_fy2026_operating_income:downside/formula/refs/2Nonedownside_2026q4_operating_income
/operating_model/cells/downside_fy2026_operating_income:downside/idNonedownside_fy2026_operating_income
/operating_model/cells/downside_fy2026_operating_income:downside/kindNonederived
/operating_model/cells/downside_fy2026_operating_income:downside/labelNoneGAAP operating income proxy ($M)
/operating_model/cells/downside_fy2026_operating_income:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_operating_income:downside/valueNone4.400171840000013
/operating_model/cells/downside_fy2026_revenue:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_revenue:downside/caseNonedownside
/operating_model/cells/downside_fy2026_revenue:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_revenue:downside/formula/refs/0Noneh1_revenue
/operating_model/cells/downside_fy2026_revenue:downside/formula/refs/1Nonedownside_2026q3_revenue
/operating_model/cells/downside_fy2026_revenue:downside/formula/refs/2Nonedownside_2026q4_revenue
/operating_model/cells/downside_fy2026_revenue:downside/idNonedownside_fy2026_revenue
/operating_model/cells/downside_fy2026_revenue:downside/kindNonederived
/operating_model/cells/downside_fy2026_revenue:downside/labelNoneConsolidated revenue ($M)
/operating_model/cells/downside_fy2026_revenue:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_revenue:downside/valueNone4320.726496
/operating_model/cells/downside_fy2026_tra:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_tra:downside/caseNonedownside
/operating_model/cells/downside_fy2026_tra:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_tra:downside/formula/refs/0Noneh1_tra
/operating_model/cells/downside_fy2026_tra:downside/formula/refs/1Nonedownside_2026q3_tra
/operating_model/cells/downside_fy2026_tra:downside/formula/refs/2Nonedownside_2026q4_tra
/operating_model/cells/downside_fy2026_tra:downside/idNonedownside_fy2026_tra
/operating_model/cells/downside_fy2026_tra:downside/kindNonederived
/operating_model/cells/downside_fy2026_tra:downside/labelNoneTRA payments ($M)
/operating_model/cells/downside_fy2026_tra:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_tra:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_tra:downside/valueNone7.888
/operating_model/cells/downside_fy2027_adj_ebitda:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_adj_ebitda:downside/caseNonedownside
/operating_model/cells/downside_fy2027_adj_ebitda:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_adj_ebitda:downside/formula/refs/0Nonedownside_2027q1_adj_ebitda
/operating_model/cells/downside_fy2027_adj_ebitda:downside/formula/refs/1Nonedownside_2027q2_adj_ebitda
/operating_model/cells/downside_fy2027_adj_ebitda:downside/formula/refs/2Nonedownside_2027q3_adj_ebitda
/operating_model/cells/downside_fy2027_adj_ebitda:downside/formula/refs/3Nonedownside_2027q4_adj_ebitda
/operating_model/cells/downside_fy2027_adj_ebitda:downside/idNonedownside_fy2027_adj_ebitda
/operating_model/cells/downside_fy2027_adj_ebitda:downside/kindNonederived
/operating_model/cells/downside_fy2027_adj_ebitda:downside/labelNoneAdjusted EBITDA proxy ($M)
/operating_model/cells/downside_fy2027_adj_ebitda:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_adj_ebitda:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_adj_ebitda:downside/valueNone454.90876006400003
/operating_model/cells/downside_fy2027_capex:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_capex:downside/caseNonedownside
/operating_model/cells/downside_fy2027_capex:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_capex:downside/formula/refs/0Nonedownside_2027q1_capex
/operating_model/cells/downside_fy2027_capex:downside/formula/refs/1Nonedownside_2027q2_capex
/operating_model/cells/downside_fy2027_capex:downside/formula/refs/2Nonedownside_2027q3_capex
/operating_model/cells/downside_fy2027_capex:downside/formula/refs/3Nonedownside_2027q4_capex
/operating_model/cells/downside_fy2027_capex:downside/idNonedownside_fy2027_capex
/operating_model/cells/downside_fy2027_capex:downside/kindNonederived
/operating_model/cells/downside_fy2027_capex:downside/labelNoneGross cash PP&E and deposits ($M)
/operating_model/cells/downside_fy2027_capex:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_capex:downside/valueNone1440.0
/operating_model/cells/downside_fy2027_cash_after_claims:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_cash_after_claims:downside/caseNonedownside
/operating_model/cells/downside_fy2027_cash_after_claims:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_cash_after_claims:downside/formula/refs/0Nonedownside_2027q1_cash_after_claims
/operating_model/cells/downside_fy2027_cash_after_claims:downside/formula/refs/1Nonedownside_2027q2_cash_after_claims
/operating_model/cells/downside_fy2027_cash_after_claims:downside/formula/refs/2Nonedownside_2027q3_cash_after_claims
/operating_model/cells/downside_fy2027_cash_after_claims:downside/formula/refs/3Nonedownside_2027q4_cash_after_claims
/operating_model/cells/downside_fy2027_cash_after_claims:downside/idNonedownside_fy2027_cash_after_claims
/operating_model/cells/downside_fy2027_cash_after_claims:downside/kindNonederived
/operating_model/cells/downside_fy2027_cash_after_claims:downside/labelNoneCash after investment and capital claims ($M)
/operating_model/cells/downside_fy2027_cash_after_claims:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_cash_after_claims:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_cash_after_claims:downside/valueNone-1405.397239936
/operating_model/cells/downside_fy2027_cfo:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_cfo:downside/caseNonedownside
/operating_model/cells/downside_fy2027_cfo:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_cfo:downside/formula/refs/0Nonedownside_2027q1_cfo
/operating_model/cells/downside_fy2027_cfo:downside/formula/refs/1Nonedownside_2027q2_cfo
/operating_model/cells/downside_fy2027_cfo:downside/formula/refs/2Nonedownside_2027q3_cfo
/operating_model/cells/downside_fy2027_cfo:downside/formula/refs/3Nonedownside_2027q4_cfo
/operating_model/cells/downside_fy2027_cfo:downside/idNonedownside_fy2027_cfo
/operating_model/cells/downside_fy2027_cfo:downside/kindNonederived
/operating_model/cells/downside_fy2027_cfo:downside/labelNoneOperating cash flow proxy ($M)
/operating_model/cells/downside_fy2027_cfo:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_cfo:downside/valueNone237.90876006400003
/operating_model/cells/downside_fy2027_dividends:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_dividends:downside/caseNonedownside
/operating_model/cells/downside_fy2027_dividends:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_dividends:downside/formula/refs/0Nonedownside_2027q1_dividends
/operating_model/cells/downside_fy2027_dividends:downside/formula/refs/1Nonedownside_2027q2_dividends
/operating_model/cells/downside_fy2027_dividends:downside/formula/refs/2Nonedownside_2027q3_dividends
/operating_model/cells/downside_fy2027_dividends:downside/formula/refs/3Nonedownside_2027q4_dividends
/operating_model/cells/downside_fy2027_dividends:downside/idNonedownside_fy2027_dividends
/operating_model/cells/downside_fy2027_dividends:downside/kindNonederived
/operating_model/cells/downside_fy2027_dividends:downside/labelNoneCommon dividends and equivalents ($M)
/operating_model/cells/downside_fy2027_dividends:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_dividends:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_dividends:downside/valueNone60.4
/operating_model/cells/downside_fy2027_fcf:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_fcf:downside/caseNonedownside
/operating_model/cells/downside_fy2027_fcf:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_fcf:downside/formula/refs/0Nonedownside_2027q1_fcf
/operating_model/cells/downside_fy2027_fcf:downside/formula/refs/1Nonedownside_2027q2_fcf
/operating_model/cells/downside_fy2027_fcf:downside/formula/refs/2Nonedownside_2027q3_fcf
/operating_model/cells/downside_fy2027_fcf:downside/formula/refs/3Nonedownside_2027q4_fcf
/operating_model/cells/downside_fy2027_fcf:downside/idNonedownside_fy2027_fcf
/operating_model/cells/downside_fy2027_fcf:downside/kindNonederived
/operating_model/cells/downside_fy2027_fcf:downside/labelNoneCFO less gross cash PP&E ($M)
/operating_model/cells/downside_fy2027_fcf:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_fcf:downside/valueNone-1202.091239936
/operating_model/cells/downside_fy2027_lease_principal:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_lease_principal:downside/caseNonedownside
/operating_model/cells/downside_fy2027_lease_principal:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_lease_principal:downside/formula/refs/0Nonedownside_2027q1_lease_principal
/operating_model/cells/downside_fy2027_lease_principal:downside/formula/refs/1Nonedownside_2027q2_lease_principal
/operating_model/cells/downside_fy2027_lease_principal:downside/formula/refs/2Nonedownside_2027q3_lease_principal
/operating_model/cells/downside_fy2027_lease_principal:downside/formula/refs/3Nonedownside_2027q4_lease_principal
/operating_model/cells/downside_fy2027_lease_principal:downside/idNonedownside_fy2027_lease_principal
/operating_model/cells/downside_fy2027_lease_principal:downside/kindNonederived
/operating_model/cells/downside_fy2027_lease_principal:downside/labelNoneFinance-lease principal ($M)
/operating_model/cells/downside_fy2027_lease_principal:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_lease_principal:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_lease_principal:downside/valueNone76.0
/operating_model/cells/downside_fy2027_operating_income:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_operating_income:downside/caseNonedownside
/operating_model/cells/downside_fy2027_operating_income:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_operating_income:downside/formula/refs/0Nonedownside_2027q1_operating_income
/operating_model/cells/downside_fy2027_operating_income:downside/formula/refs/1Nonedownside_2027q2_operating_income
/operating_model/cells/downside_fy2027_operating_income:downside/formula/refs/2Nonedownside_2027q3_operating_income
/operating_model/cells/downside_fy2027_operating_income:downside/formula/refs/3Nonedownside_2027q4_operating_income
/operating_model/cells/downside_fy2027_operating_income:downside/idNonedownside_fy2027_operating_income
/operating_model/cells/downside_fy2027_operating_income:downside/kindNonederived
/operating_model/cells/downside_fy2027_operating_income:downside/labelNoneGAAP operating income proxy ($M)
/operating_model/cells/downside_fy2027_operating_income:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_operating_income:downside/valueNone-104.69123993599996
/operating_model/cells/downside_fy2027_revenue:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_revenue:downside/caseNonedownside
/operating_model/cells/downside_fy2027_revenue:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_revenue:downside/formula/refs/0Nonedownside_2027q1_revenue
/operating_model/cells/downside_fy2027_revenue:downside/formula/refs/1Nonedownside_2027q2_revenue
/operating_model/cells/downside_fy2027_revenue:downside/formula/refs/2Nonedownside_2027q3_revenue
/operating_model/cells/downside_fy2027_revenue:downside/formula/refs/3Nonedownside_2027q4_revenue
/operating_model/cells/downside_fy2027_revenue:downside/idNonedownside_fy2027_revenue
/operating_model/cells/downside_fy2027_revenue:downside/kindNonederived
/operating_model/cells/downside_fy2027_revenue:downside/labelNoneConsolidated revenue ($M)
/operating_model/cells/downside_fy2027_revenue:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_revenue:downside/valueNone4290.3561216
/operating_model/cells/downside_fy2027_tra:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_tra:downside/caseNonedownside
/operating_model/cells/downside_fy2027_tra:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_tra:downside/formula/refs/0Nonedownside_2027q1_tra
/operating_model/cells/downside_fy2027_tra:downside/formula/refs/1Nonedownside_2027q2_tra
/operating_model/cells/downside_fy2027_tra:downside/formula/refs/2Nonedownside_2027q3_tra
/operating_model/cells/downside_fy2027_tra:downside/formula/refs/3Nonedownside_2027q4_tra
/operating_model/cells/downside_fy2027_tra:downside/idNonedownside_fy2027_tra
/operating_model/cells/downside_fy2027_tra:downside/kindNonederived
/operating_model/cells/downside_fy2027_tra:downside/labelNoneTRA payments ($M)
/operating_model/cells/downside_fy2027_tra:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_tra:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_tra:downside/valueNone4.0
/operating_model/cells/engine_contracts:shared/basisNoneUSD millions. Aggregate engine contract prices/remaining commitments are approximate. CAT contract signed July 22. Capped-call and financing cash are H1 flows.
/operating_model/cells/engine_contracts:shared/caseNoneshared
/operating_model/cells/engine_contracts:shared/idNoneengine_contracts
/operating_model/cells/engine_contracts:shared/kindNonereported
/operating_model/cells/engine_contracts:shared/labelNoneengine contracts
/operating_model/cells/engine_contracts:shared/periodNoneJune/July 2026
/operating_model/cells/engine_contracts:shared/source_dateNone2026-07-23
/operating_model/cells/engine_contracts:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/engine_contracts:shared/unitNoneUSD_millions
/operating_model/cells/engine_contracts:shared/valueNone1300.0
/operating_model/cells/financing_cash:shared/basisNoneUSD millions. Aggregate engine contract prices/remaining commitments are approximate. CAT contract signed July 22. Capped-call and financing cash are H1 flows.
/operating_model/cells/financing_cash:shared/caseNoneshared
/operating_model/cells/financing_cash:shared/idNonefinancing_cash
/operating_model/cells/financing_cash:shared/kindNonereported
/operating_model/cells/financing_cash:shared/labelNonefinancing cash
/operating_model/cells/financing_cash:shared/periodNoneJune/July 2026
/operating_model/cells/financing_cash:shared/source_dateNone2026-07-23
/operating_model/cells/financing_cash:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/financing_cash:shared/unitNoneUSD_millions
/operating_model/cells/financing_cash:shared/valueNone752.047
/operating_model/cells/h1_adj_ebitda:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_adj_ebitda:shared/caseNoneshared
/operating_model/cells/h1_adj_ebitda:shared/idNoneh1_adj_ebitda
/operating_model/cells/h1_adj_ebitda:shared/kindNonereported
/operating_model/cells/h1_adj_ebitda:shared/labelNoneH1 adj ebitda
/operating_model/cells/h1_adj_ebitda:shared/periodNoneH1 2026
/operating_model/cells/h1_adj_ebitda:shared/source_dateNone2026-07-23
/operating_model/cells/h1_adj_ebitda:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000036/lbrt_6302026.htm
/operating_model/cells/h1_adj_ebitda:shared/unitNoneUSD_millions
/operating_model/cells/h1_adj_ebitda:shared/valueNone276.995
/operating_model/cells/h1_asset_sales:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_asset_sales:shared/caseNoneshared
/operating_model/cells/h1_asset_sales:shared/idNoneh1_asset_sales
/operating_model/cells/h1_asset_sales:shared/kindNonereported
/operating_model/cells/h1_asset_sales:shared/labelNoneH1 asset sales
/operating_model/cells/h1_asset_sales:shared/periodNoneH1 2026
/operating_model/cells/h1_asset_sales:shared/source_dateNone2026-07-23
/operating_model/cells/h1_asset_sales:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/h1_asset_sales:shared/unitNoneUSD_millions
/operating_model/cells/h1_asset_sales:shared/valueNone25.951
/operating_model/cells/h1_awards:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_awards:shared/caseNoneshared
/operating_model/cells/h1_awards:shared/idNoneh1_awards
/operating_model/cells/h1_awards:shared/kindNonereported
/operating_model/cells/h1_awards:shared/labelNoneH1 awards
/operating_model/cells/h1_awards:shared/periodNoneH1 2026
/operating_model/cells/h1_awards:shared/source_dateNone2026-07-23
/operating_model/cells/h1_awards:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/h1_awards:shared/unitNoneUSD_millions
/operating_model/cells/h1_awards:shared/valueNone18.648
/operating_model/cells/h1_capex:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_capex:shared/caseNoneshared
/operating_model/cells/h1_capex:shared/idNoneh1_capex
/operating_model/cells/h1_capex:shared/kindNonereported
/operating_model/cells/h1_capex:shared/labelNoneH1 capex
/operating_model/cells/h1_capex:shared/periodNoneH1 2026
/operating_model/cells/h1_capex:shared/source_dateNone2026-07-23
/operating_model/cells/h1_capex:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/h1_capex:shared/unitNoneUSD_millions
/operating_model/cells/h1_capex:shared/valueNone380.861
/operating_model/cells/h1_cash_after_claims:shared/basisNoneBefore external financing, capped calls and debt issuance costs; not the cash balance change.
/operating_model/cells/h1_cash_after_claims:shared/caseNoneshared
/operating_model/cells/h1_cash_after_claims:shared/formula/opNonesubtract
/operating_model/cells/h1_cash_after_claims:shared/formula/refs/0Noneh1_fcf
/operating_model/cells/h1_cash_after_claims:shared/formula/refs/1Noneh1_claims
/operating_model/cells/h1_cash_after_claims:shared/idNoneh1_cash_after_claims
/operating_model/cells/h1_cash_after_claims:shared/kindNonederived
/operating_model/cells/h1_cash_after_claims:shared/labelNoneH1 cash after modeled claims
/operating_model/cells/h1_cash_after_claims:shared/periodNoneH1 2026
/operating_model/cells/h1_cash_after_claims:shared/unitNoneUSD_millions
/operating_model/cells/h1_cash_after_claims:shared/valueNone-357.765
/operating_model/cells/h1_cfo:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_cfo:shared/caseNoneshared
/operating_model/cells/h1_cfo:shared/idNoneh1_cfo
/operating_model/cells/h1_cfo:shared/kindNonereported
/operating_model/cells/h1_cfo:shared/labelNoneH1 cfo
/operating_model/cells/h1_cfo:shared/periodNoneH1 2026
/operating_model/cells/h1_cfo:shared/source_dateNone2026-07-23
/operating_model/cells/h1_cfo:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/h1_cfo:shared/unitNoneUSD_millions
/operating_model/cells/h1_cfo:shared/valueNone141.442
/operating_model/cells/h1_claims:shared/basisNoneFinancing and equity-investment uses after PP&E; excludes capped calls and debt-issuance fees.
/operating_model/cells/h1_claims:shared/caseNoneshared
/operating_model/cells/h1_claims:shared/formula/opNonesum
/operating_model/cells/h1_claims:shared/formula/refs/0Noneh1_lease_principal
/operating_model/cells/h1_claims:shared/formula/refs/1Noneh1_tra
/operating_model/cells/h1_claims:shared/formula/refs/2Noneh1_dividends
/operating_model/cells/h1_claims:shared/formula/refs/3Noneh1_awards
/operating_model/cells/h1_claims:shared/formula/refs/4Noneh1_debt_principal
/operating_model/cells/h1_claims:shared/formula/refs/5Noneh1_investments
/operating_model/cells/h1_claims:shared/idNoneh1_claims
/operating_model/cells/h1_claims:shared/kindNonederived
/operating_model/cells/h1_claims:shared/labelNoneH1 additional cash uses
/operating_model/cells/h1_claims:shared/periodNoneH1 2026
/operating_model/cells/h1_claims:shared/unitNoneUSD_millions
/operating_model/cells/h1_claims:shared/valueNone118.34599999999999
/operating_model/cells/h1_da:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_da:shared/caseNoneshared
/operating_model/cells/h1_da:shared/idNoneh1_da
/operating_model/cells/h1_da:shared/kindNonereported
/operating_model/cells/h1_da:shared/labelNoneH1 da
/operating_model/cells/h1_da:shared/periodNoneH1 2026
/operating_model/cells/h1_da:shared/source_dateNone2026-07-23
/operating_model/cells/h1_da:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/h1_da:shared/unitNoneUSD_millions
/operating_model/cells/h1_da:shared/valueNone228.272
/operating_model/cells/h1_debt_principal:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_debt_principal:shared/caseNoneshared
/operating_model/cells/h1_debt_principal:shared/idNoneh1_debt_principal
/operating_model/cells/h1_debt_principal:shared/kindNonereported
/operating_model/cells/h1_debt_principal:shared/labelNoneH1 debt principal
/operating_model/cells/h1_debt_principal:shared/periodNoneH1 2026
/operating_model/cells/h1_debt_principal:shared/source_dateNone2026-07-23
/operating_model/cells/h1_debt_principal:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/h1_debt_principal:shared/unitNoneUSD_millions
/operating_model/cells/h1_debt_principal:shared/valueNone3.46
/operating_model/cells/h1_dividends:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_dividends:shared/caseNoneshared
/operating_model/cells/h1_dividends:shared/idNoneh1_dividends
/operating_model/cells/h1_dividends:shared/kindNonereported
/operating_model/cells/h1_dividends:shared/labelNoneH1 dividends
/operating_model/cells/h1_dividends:shared/periodNoneH1 2026
/operating_model/cells/h1_dividends:shared/source_dateNone2026-07-23
/operating_model/cells/h1_dividends:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/h1_dividends:shared/unitNoneUSD_millions
/operating_model/cells/h1_dividends:shared/valueNone30.319
/operating_model/cells/h1_fcf:shared/basisNoneGross PP&E cash, before asset disposal proceeds.
/operating_model/cells/h1_fcf:shared/caseNoneshared
/operating_model/cells/h1_fcf:shared/formula/opNonesubtract
/operating_model/cells/h1_fcf:shared/formula/refs/0Noneh1_cfo
/operating_model/cells/h1_fcf:shared/formula/refs/1Noneh1_capex
/operating_model/cells/h1_fcf:shared/idNoneh1_fcf
/operating_model/cells/h1_fcf:shared/kindNonederived
/operating_model/cells/h1_fcf:shared/labelNoneH1 CFO less gross PP&E
/operating_model/cells/h1_fcf:shared/periodNoneH1 2026
/operating_model/cells/h1_fcf:shared/unitNoneUSD_millions
/operating_model/cells/h1_fcf:shared/valueNone-239.41899999999998
/operating_model/cells/h1_investment_gain:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_investment_gain:shared/caseNoneshared
/operating_model/cells/h1_investment_gain:shared/idNoneh1_investment_gain
/operating_model/cells/h1_investment_gain:shared/kindNonereported
/operating_model/cells/h1_investment_gain:shared/labelNoneH1 investment gain
/operating_model/cells/h1_investment_gain:shared/periodNoneH1 2026
/operating_model/cells/h1_investment_gain:shared/source_dateNone2026-07-23
/operating_model/cells/h1_investment_gain:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/h1_investment_gain:shared/unitNoneUSD_millions
/operating_model/cells/h1_investment_gain:shared/valueNone60.229
/operating_model/cells/h1_investments:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_investments:shared/caseNoneshared
/operating_model/cells/h1_investments:shared/idNoneh1_investments
/operating_model/cells/h1_investments:shared/kindNonereported
/operating_model/cells/h1_investments:shared/labelNoneH1 investments
/operating_model/cells/h1_investments:shared/periodNoneH1 2026
/operating_model/cells/h1_investments:shared/source_dateNone2026-07-23
/operating_model/cells/h1_investments:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/h1_investments:shared/unitNoneUSD_millions
/operating_model/cells/h1_investments:shared/valueNone9.696
/operating_model/cells/h1_lease_principal:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_lease_principal:shared/caseNoneshared
/operating_model/cells/h1_lease_principal:shared/idNoneh1_lease_principal
/operating_model/cells/h1_lease_principal:shared/kindNonereported
/operating_model/cells/h1_lease_principal:shared/labelNoneH1 lease principal
/operating_model/cells/h1_lease_principal:shared/periodNoneH1 2026
/operating_model/cells/h1_lease_principal:shared/source_dateNone2026-07-23
/operating_model/cells/h1_lease_principal:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/h1_lease_principal:shared/unitNoneUSD_millions
/operating_model/cells/h1_lease_principal:shared/valueNone48.335
/operating_model/cells/h1_operating_income:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_operating_income:shared/caseNoneshared
/operating_model/cells/h1_operating_income:shared/idNoneh1_operating_income
/operating_model/cells/h1_operating_income:shared/kindNonereported
/operating_model/cells/h1_operating_income:shared/labelNoneH1 operating income
/operating_model/cells/h1_operating_income:shared/periodNoneH1 2026
/operating_model/cells/h1_operating_income:shared/source_dateNone2026-07-23
/operating_model/cells/h1_operating_income:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/h1_operating_income:shared/unitNoneUSD_millions
/operating_model/cells/h1_operating_income:shared/valueNone34.994
/operating_model/cells/h1_revenue:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_revenue:shared/caseNoneshared
/operating_model/cells/h1_revenue:shared/idNoneh1_revenue
/operating_model/cells/h1_revenue:shared/kindNonereported
/operating_model/cells/h1_revenue:shared/labelNoneH1 revenue
/operating_model/cells/h1_revenue:shared/periodNoneH1 2026
/operating_model/cells/h1_revenue:shared/source_dateNone2026-07-23
/operating_model/cells/h1_revenue:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/h1_revenue:shared/unitNoneUSD_millions
/operating_model/cells/h1_revenue:shared/valueNone2209.78
/operating_model/cells/h1_sbc:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_sbc:shared/caseNoneshared
/operating_model/cells/h1_sbc:shared/idNoneh1_sbc
/operating_model/cells/h1_sbc:shared/kindNonereported
/operating_model/cells/h1_sbc:shared/labelNoneH1 sbc
/operating_model/cells/h1_sbc:shared/periodNoneH1 2026
/operating_model/cells/h1_sbc:shared/source_dateNone2026-07-23
/operating_model/cells/h1_sbc:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/h1_sbc:shared/unitNoneUSD_millions
/operating_model/cells/h1_sbc:shared/valueNone17.999
/operating_model/cells/h1_tra:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_tra:shared/caseNoneshared
/operating_model/cells/h1_tra:shared/idNoneh1_tra
/operating_model/cells/h1_tra:shared/kindNonereported
/operating_model/cells/h1_tra:shared/labelNoneH1 tra
/operating_model/cells/h1_tra:shared/periodNoneH1 2026
/operating_model/cells/h1_tra:shared/source_dateNone2026-07-23
/operating_model/cells/h1_tra:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/h1_tra:shared/unitNoneUSD_millions
/operating_model/cells/h1_tra:shared/valueNone7.888
/operating_model/cells/jenbacher_contract:shared/basisNoneContract dated February 13, filed September 18; price can adjust for FX/duties. Included within the broader equipment program. May amendment moves notice-to-proceed payment to July 10; percentages redacted.
/operating_model/cells/jenbacher_contract:shared/caseNoneshared
/operating_model/cells/jenbacher_contract:shared/idNonejenbacher_contract
/operating_model/cells/jenbacher_contract:shared/kindNonereported
/operating_model/cells/jenbacher_contract:shared/labelNoneJenbacher contract original price
/operating_model/cells/jenbacher_contract:shared/periodNoneFebruary 2026
/operating_model/cells/jenbacher_contract:shared/source_dateNone2026-09-18
/operating_model/cells/jenbacher_contract:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000050/a101-jenbachercontract.htm
/operating_model/cells/jenbacher_contract:shared/unitNoneUSD_millions
/operating_model/cells/jenbacher_contract:shared/valueNone493.1554
/operating_model/cells/lease_liability:shared/basisNoneUSD millions. Aggregate engine contract prices/remaining commitments are approximate. CAT contract signed July 22. Capped-call and financing cash are H1 flows.
/operating_model/cells/lease_liability:shared/caseNoneshared
/operating_model/cells/lease_liability:shared/idNonelease_liability
/operating_model/cells/lease_liability:shared/kindNonereported
/operating_model/cells/lease_liability:shared/labelNonelease liability
/operating_model/cells/lease_liability:shared/periodNoneJune/July 2026
/operating_model/cells/lease_liability:shared/source_dateNone2026-07-23
/operating_model/cells/lease_liability:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/lease_liability:shared/unitNoneUSD_millions
/operating_model/cells/lease_liability:shared/valueNone264.214
/operating_model/cells/q2_ebitda:shared/basisNoneUSD millions. Aggregate engine contract prices/remaining commitments are approximate. CAT contract signed July 22. Capped-call and financing cash are H1 flows.
/operating_model/cells/q2_ebitda:shared/caseNoneshared
/operating_model/cells/q2_ebitda:shared/idNoneq2_ebitda
/operating_model/cells/q2_ebitda:shared/kindNonereported
/operating_model/cells/q2_ebitda:shared/labelNoneq2 ebitda
/operating_model/cells/q2_ebitda:shared/periodNoneJune/July 2026
/operating_model/cells/q2_ebitda:shared/source_dateNone2026-07-23
/operating_model/cells/q2_ebitda:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/q2_ebitda:shared/unitNoneUSD_millions
/operating_model/cells/q2_ebitda:shared/valueNone151.145
/operating_model/cells/q2_revenue:shared/basisNoneUSD millions. Aggregate engine contract prices/remaining commitments are approximate. CAT contract signed July 22. Capped-call and financing cash are H1 flows.
/operating_model/cells/q2_revenue:shared/caseNoneshared
/operating_model/cells/q2_revenue:shared/idNoneq2_revenue
/operating_model/cells/q2_revenue:shared/kindNonereported
/operating_model/cells/q2_revenue:shared/labelNoneq2 revenue
/operating_model/cells/q2_revenue:shared/periodNoneJune/July 2026
/operating_model/cells/q2_revenue:shared/source_dateNone2026-07-23
/operating_model/cells/q2_revenue:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/q2_revenue:shared/unitNoneUSD_millions
/operating_model/cells/q2_revenue:shared/valueNone1188.596
/operating_model/cells/remaining_engine_commitments:shared/basisNoneUSD millions. Aggregate engine contract prices/remaining commitments are approximate. CAT contract signed July 22. Capped-call and financing cash are H1 flows.
/operating_model/cells/remaining_engine_commitments:shared/caseNoneshared
/operating_model/cells/remaining_engine_commitments:shared/idNoneremaining_engine_commitments
/operating_model/cells/remaining_engine_commitments:shared/kindNonereported
/operating_model/cells/remaining_engine_commitments:shared/labelNoneremaining engine commitments
/operating_model/cells/remaining_engine_commitments:shared/periodNoneJune/July 2026
/operating_model/cells/remaining_engine_commitments:shared/source_dateNone2026-07-23
/operating_model/cells/remaining_engine_commitments:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/remaining_engine_commitments:shared/unitNoneUSD_millions
/operating_model/cells/remaining_engine_commitments:shared/valueNone1100.0
/operating_model/cells/term_principal:shared/basisNoneUSD millions. Aggregate engine contract prices/remaining commitments are approximate. CAT contract signed July 22. Capped-call and financing cash are H1 flows.
/operating_model/cells/term_principal:shared/caseNoneshared
/operating_model/cells/term_principal:shared/idNoneterm_principal
/operating_model/cells/term_principal:shared/kindNonereported
/operating_model/cells/term_principal:shared/labelNoneterm principal
/operating_model/cells/term_principal:shared/periodNoneJune/July 2026
/operating_model/cells/term_principal:shared/source_dateNone2026-07-23
/operating_model/cells/term_principal:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/term_principal:shared/unitNoneUSD_millions
/operating_model/cells/term_principal:shared/valueNone32.257
/operating_model/cells/tra_liability:shared/basisNoneUSD millions. Aggregate engine contract prices/remaining commitments are approximate. CAT contract signed July 22. Capped-call and financing cash are H1 flows.
/operating_model/cells/tra_liability:shared/caseNoneshared
/operating_model/cells/tra_liability:shared/idNonetra_liability
/operating_model/cells/tra_liability:shared/kindNonereported
/operating_model/cells/tra_liability:shared/labelNonetra liability
/operating_model/cells/tra_liability:shared/periodNoneJune/July 2026
/operating_model/cells/tra_liability:shared/source_dateNone2026-07-23
/operating_model/cells/tra_liability:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/operating_model/cells/tra_liability:shared/unitNoneUSD_millions
/operating_model/cells/tra_liability:shared/valueNone66.87
/operating_model/cells/upside_2026q3_activity:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_activity:upside/caseNoneupside
/operating_model/cells/upside_2026q3_activity:upside/idNoneupside_2026q3_activity
/operating_model/cells/upside_2026q3_activity:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_activity:upside/labelNoneActivity versus Q2
/operating_model/cells/upside_2026q3_activity:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_activity:upside/unitNoneratio
/operating_model/cells/upside_2026q3_activity:upside/valueNone1.08
/operating_model/cells/upside_2026q3_adj_ebitda:upside/basisNoneExcludes equity compensation, D&A and modeled nonrecurring transaction costs; ordinary operating costs remain.
/operating_model/cells/upside_2026q3_adj_ebitda:upside/caseNoneupside
/operating_model/cells/upside_2026q3_adj_ebitda:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q3_adj_ebitda:upside/formula/refs/0Noneupside_2026q3_contribution
/operating_model/cells/upside_2026q3_adj_ebitda:upside/formula/refs/1Noneupside_2026q3_cash_overhead
/operating_model/cells/upside_2026q3_adj_ebitda:upside/idNoneupside_2026q3_adj_ebitda
/operating_model/cells/upside_2026q3_adj_ebitda:upside/kindNonederived
/operating_model/cells/upside_2026q3_adj_ebitda:upside/labelNoneAdjusted EBITDA proxy
/operating_model/cells/upside_2026q3_adj_ebitda:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_adj_ebitda:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_adj_ebitda:upside/valueNone197.82786712800004
/operating_model/cells/upside_2026q3_awards:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_awards:upside/caseNoneupside
/operating_model/cells/upside_2026q3_awards:upside/idNoneupside_2026q3_awards
/operating_model/cells/upside_2026q3_awards:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_awards:upside/labelNoneEmployee award withholding
/operating_model/cells/upside_2026q3_awards:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_awards:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_awards:upside/valueNone3.0
/operating_model/cells/upside_2026q3_capex:upside/basisNoneIncludes deposits once; not an additional deduction after capex.
/operating_model/cells/upside_2026q3_capex:upside/caseNoneupside
/operating_model/cells/upside_2026q3_capex:upside/formula/opNonesum
/operating_model/cells/upside_2026q3_capex:upside/formula/refs/0Noneupside_2026q3_maintenance_capex
/operating_model/cells/upside_2026q3_capex:upside/formula/refs/1Noneupside_2026q3_power_capex
/operating_model/cells/upside_2026q3_capex:upside/idNoneupside_2026q3_capex
/operating_model/cells/upside_2026q3_capex:upside/kindNonederived
/operating_model/cells/upside_2026q3_capex:upside/labelNoneGross cash PP&E and deposits
/operating_model/cells/upside_2026q3_capex:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_capex:upside/valueNone285.0
/operating_model/cells/upside_2026q3_cash_after_claims:upside/basisNoneBefore new financing, acquisitions, optional buybacks and asset-sale proceeds.
/operating_model/cells/upside_2026q3_cash_after_claims:upside/caseNoneupside
/operating_model/cells/upside_2026q3_cash_after_claims:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q3_cash_after_claims:upside/formula/refs/0Noneupside_2026q3_fcf
/operating_model/cells/upside_2026q3_cash_after_claims:upside/formula/refs/1Noneupside_2026q3_claims
/operating_model/cells/upside_2026q3_cash_after_claims:upside/idNoneupside_2026q3_cash_after_claims
/operating_model/cells/upside_2026q3_cash_after_claims:upside/kindNonederived
/operating_model/cells/upside_2026q3_cash_after_claims:upside/labelNoneCash after investment and capital claims
/operating_model/cells/upside_2026q3_cash_after_claims:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_cash_after_claims:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_cash_after_claims:upside/valueNone-207.75263287199996
/operating_model/cells/upside_2026q3_cash_interest:upside/basisNoneSmall-loan and finance-lease interest, less cash yield; convertible notes have no regular coupon.
/operating_model/cells/upside_2026q3_cash_interest:upside/caseNoneupside
/operating_model/cells/upside_2026q3_cash_interest:upside/idNoneupside_2026q3_cash_interest
/operating_model/cells/upside_2026q3_cash_interest:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_cash_interest:upside/labelNoneCash interest net of investment income
/operating_model/cells/upside_2026q3_cash_interest:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_cash_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_cash_interest:upside/valueNone5.0
/operating_model/cells/upside_2026q3_cash_overhead:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_cash_overhead:upside/caseNoneupside
/operating_model/cells/upside_2026q3_cash_overhead:upside/idNoneupside_2026q3_cash_overhead
/operating_model/cells/upside_2026q3_cash_overhead:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_cash_overhead:upside/labelNoneG&A excluding stock compensation
/operating_model/cells/upside_2026q3_cash_overhead:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_cash_overhead:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_cash_overhead:upside/valueNone60.0
/operating_model/cells/upside_2026q3_cash_tax:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2026q3_cash_tax:upside/idNoneupside_2026q3_cash_tax
/operating_model/cells/upside_2026q3_cash_tax:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_cash_tax:upside/labelNoneCash income taxes
/operating_model/cells/upside_2026q3_cash_tax:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_cash_tax:upside/valueNone12.0
/operating_model/cells/upside_2026q3_cfo:upside/basisNoneDoes not repeat noncash investment marks as cash generation.
/operating_model/cells/upside_2026q3_cfo:upside/caseNoneupside
/operating_model/cells/upside_2026q3_cfo:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q3_cfo:upside/formula/refs/0Noneupside_2026q3_adj_ebitda
/operating_model/cells/upside_2026q3_cfo:upside/formula/refs/1Noneupside_2026q3_cfo_uses
/operating_model/cells/upside_2026q3_cfo:upside/idNoneupside_2026q3_cfo
/operating_model/cells/upside_2026q3_cfo:upside/kindNonederived
/operating_model/cells/upside_2026q3_cfo:upside/labelNoneOperating cash flow proxy
/operating_model/cells/upside_2026q3_cfo:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_cfo:upside/valueNone137.82786712800004
/operating_model/cells/upside_2026q3_cfo_uses:upside/basisNoneLease principal and TRA remain below CFO; transaction costs remain cash uses.
/operating_model/cells/upside_2026q3_cfo_uses:upside/caseNoneupside
/operating_model/cells/upside_2026q3_cfo_uses:upside/formula/opNonesum
/operating_model/cells/upside_2026q3_cfo_uses:upside/formula/refs/0Noneupside_2026q3_cash_interest
/operating_model/cells/upside_2026q3_cfo_uses:upside/formula/refs/1Noneupside_2026q3_cash_tax
/operating_model/cells/upside_2026q3_cfo_uses:upside/formula/refs/2Noneupside_2026q3_wc_use
/operating_model/cells/upside_2026q3_cfo_uses:upside/formula/refs/3Noneupside_2026q3_transaction
/operating_model/cells/upside_2026q3_cfo_uses:upside/idNoneupside_2026q3_cfo_uses
/operating_model/cells/upside_2026q3_cfo_uses:upside/kindNonederived
/operating_model/cells/upside_2026q3_cfo_uses:upside/labelNoneCash interest taxes working capital and transaction costs
/operating_model/cells/upside_2026q3_cfo_uses:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_cfo_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_cfo_uses:upside/valueNone60.0
/operating_model/cells/upside_2026q3_claims:upside/basisNoneFinancing/equity-investment outflows; no new borrowing included.
/operating_model/cells/upside_2026q3_claims:upside/caseNoneupside
/operating_model/cells/upside_2026q3_claims:upside/formula/opNonesum
/operating_model/cells/upside_2026q3_claims:upside/formula/refs/0Noneupside_2026q3_lease_principal
/operating_model/cells/upside_2026q3_claims:upside/formula/refs/1Noneupside_2026q3_tra
/operating_model/cells/upside_2026q3_claims:upside/formula/refs/2Noneupside_2026q3_dividends
/operating_model/cells/upside_2026q3_claims:upside/formula/refs/3Noneupside_2026q3_debt_principal
/operating_model/cells/upside_2026q3_claims:upside/formula/refs/4Noneupside_2026q3_awards
/operating_model/cells/upside_2026q3_claims:upside/formula/refs/5Noneupside_2026q3_investments
/operating_model/cells/upside_2026q3_claims:upside/idNoneupside_2026q3_claims
/operating_model/cells/upside_2026q3_claims:upside/kindNonederived
/operating_model/cells/upside_2026q3_claims:upside/labelNoneAdditional cash uses
/operating_model/cells/upside_2026q3_claims:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_claims:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_claims:upside/valueNone60.5805
/operating_model/cells/upside_2026q3_contribution:upside/basisNoneCompany does not report these as separate historical segments.
/operating_model/cells/upside_2026q3_contribution:upside/caseNoneupside
/operating_model/cells/upside_2026q3_contribution:upside/formula/opNonesum
/operating_model/cells/upside_2026q3_contribution:upside/formula/refs/0Noneupside_2026q3_existing_contribution
/operating_model/cells/upside_2026q3_contribution:upside/formula/refs/1Noneupside_2026q3_power_contribution
/operating_model/cells/upside_2026q3_contribution:upside/idNoneupside_2026q3_contribution
/operating_model/cells/upside_2026q3_contribution:upside/kindNonederived
/operating_model/cells/upside_2026q3_contribution:upside/labelNoneService contribution before overhead and D&A
/operating_model/cells/upside_2026q3_contribution:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_contribution:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_contribution:upside/valueNone257.82786712800004
/operating_model/cells/upside_2026q3_da:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_da:upside/caseNoneupside
/operating_model/cells/upside_2026q3_da:upside/idNoneupside_2026q3_da
/operating_model/cells/upside_2026q3_da:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_da:upside/labelNoneDepreciation depletion and amortization
/operating_model/cells/upside_2026q3_da:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_da:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_da:upside/valueNone116.0
/operating_model/cells/upside_2026q3_debt_principal:upside/basisNoneRemainder 2026 $4.961M and 2027 $11.906M disclosed debt maturities, evenly allocated.
/operating_model/cells/upside_2026q3_debt_principal:upside/caseNoneupside
/operating_model/cells/upside_2026q3_debt_principal:upside/idNoneupside_2026q3_debt_principal
/operating_model/cells/upside_2026q3_debt_principal:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_debt_principal:upside/labelNoneSmall-loan principal
/operating_model/cells/upside_2026q3_debt_principal:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_debt_principal:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_debt_principal:upside/valueNone2.4805
/operating_model/cells/upside_2026q3_dividends:upside/basisNoneApproximately $0.09 per share quarterly, including allowance for award equivalents; future board declarations required.
/operating_model/cells/upside_2026q3_dividends:upside/caseNoneupside
/operating_model/cells/upside_2026q3_dividends:upside/idNoneupside_2026q3_dividends
/operating_model/cells/upside_2026q3_dividends:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_dividends:upside/labelNoneCommon dividends and equivalents
/operating_model/cells/upside_2026q3_dividends:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_dividends:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_dividends:upside/valueNone15.1
/operating_model/cells/upside_2026q3_existing_contribution:upside/basisNoneCost of services excludes D&A.
/operating_model/cells/upside_2026q3_existing_contribution:upside/caseNoneupside
/operating_model/cells/upside_2026q3_existing_contribution:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q3_existing_contribution:upside/formula/refs/0Noneupside_2026q3_existing_revenue
/operating_model/cells/upside_2026q3_existing_contribution:upside/formula/refs/1Noneupside_2026q3_service_margin
/operating_model/cells/upside_2026q3_existing_contribution:upside/idNoneupside_2026q3_existing_contribution
/operating_model/cells/upside_2026q3_existing_contribution:upside/kindNonederived
/operating_model/cells/upside_2026q3_existing_contribution:upside/labelNoneExisting-business contribution
/operating_model/cells/upside_2026q3_existing_contribution:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_existing_contribution:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_existing_contribution:upside/valueNone257.82786712800004
/operating_model/cells/upside_2026q3_existing_revenue:upside/basisNoneConsolidated anchor already includes existing power-related activity.
/operating_model/cells/upside_2026q3_existing_revenue:upside/caseNoneupside
/operating_model/cells/upside_2026q3_existing_revenue:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q3_existing_revenue:upside/formula/refs/0Noneq2_revenue
/operating_model/cells/upside_2026q3_existing_revenue:upside/formula/refs/1Noneupside_2026q3_activity
/operating_model/cells/upside_2026q3_existing_revenue:upside/formula/refs/2Noneupside_2026q3_price
/operating_model/cells/upside_2026q3_existing_revenue:upside/idNoneupside_2026q3_existing_revenue
/operating_model/cells/upside_2026q3_existing_revenue:upside/kindNonederived
/operating_model/cells/upside_2026q3_existing_revenue:upside/labelNoneExisting business revenue
/operating_model/cells/upside_2026q3_existing_revenue:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_existing_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_existing_revenue:upside/valueNone1322.1941904
/operating_model/cells/upside_2026q3_fcf:upside/basisNoneNo disposal proceeds netted against cash PP&E.
/operating_model/cells/upside_2026q3_fcf:upside/caseNoneupside
/operating_model/cells/upside_2026q3_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q3_fcf:upside/formula/refs/0Noneupside_2026q3_cfo
/operating_model/cells/upside_2026q3_fcf:upside/formula/refs/1Noneupside_2026q3_capex
/operating_model/cells/upside_2026q3_fcf:upside/idNoneupside_2026q3_fcf
/operating_model/cells/upside_2026q3_fcf:upside/kindNonederived
/operating_model/cells/upside_2026q3_fcf:upside/labelNoneCFO less gross PP&E
/operating_model/cells/upside_2026q3_fcf:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_fcf:upside/valueNone-147.17213287199996
/operating_model/cells/upside_2026q3_gaap_deductions:upside/basisNoneNo investment fair-value gains in operating earnings.
/operating_model/cells/upside_2026q3_gaap_deductions:upside/caseNoneupside
/operating_model/cells/upside_2026q3_gaap_deductions:upside/formula/opNonesum
/operating_model/cells/upside_2026q3_gaap_deductions:upside/formula/refs/0Noneupside_2026q3_sbc
/operating_model/cells/upside_2026q3_gaap_deductions:upside/formula/refs/1Noneupside_2026q3_da
/operating_model/cells/upside_2026q3_gaap_deductions:upside/formula/refs/2Noneupside_2026q3_transaction
/operating_model/cells/upside_2026q3_gaap_deductions:upside/idNoneupside_2026q3_gaap_deductions
/operating_model/cells/upside_2026q3_gaap_deductions:upside/kindNonederived
/operating_model/cells/upside_2026q3_gaap_deductions:upside/labelNoneD&A, equity expense and transaction costs
/operating_model/cells/upside_2026q3_gaap_deductions:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_gaap_deductions:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_gaap_deductions:upside/valueNone129.0
/operating_model/cells/upside_2026q3_investments:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_investments:upside/caseNoneupside
/operating_model/cells/upside_2026q3_investments:upside/idNoneupside_2026q3_investments
/operating_model/cells/upside_2026q3_investments:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_investments:upside/labelNoneEquity investment purchases
/operating_model/cells/upside_2026q3_investments:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_investments:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_investments:upside/valueNone5.0
/operating_model/cells/upside_2026q3_lease_principal:upside/basisNoneDesk allocation informed by remaining 2026 gross lease payments $79.705M and 2027 $87.432M, including interest. Interest is separately in CFO.
/operating_model/cells/upside_2026q3_lease_principal:upside/caseNoneupside
/operating_model/cells/upside_2026q3_lease_principal:upside/idNoneupside_2026q3_lease_principal
/operating_model/cells/upside_2026q3_lease_principal:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_lease_principal:upside/labelNoneFinance-lease principal
/operating_model/cells/upside_2026q3_lease_principal:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_lease_principal:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_lease_principal:upside/valueNone35.0
/operating_model/cells/upside_2026q3_maintenance_capex:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_maintenance_capex:upside/caseNoneupside
/operating_model/cells/upside_2026q3_maintenance_capex:upside/idNoneupside_2026q3_maintenance_capex
/operating_model/cells/upside_2026q3_maintenance_capex:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_maintenance_capex:upside/labelNoneExisting fleet and other PP&E cash
/operating_model/cells/upside_2026q3_maintenance_capex:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_maintenance_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_maintenance_capex:upside/valueNone115.0
/operating_model/cells/upside_2026q3_new_power:upside/basisNoneDesk revenue sensitivity only; no customer contract revenue per MW was disclosed for PowerBridge.
/operating_model/cells/upside_2026q3_new_power:upside/caseNoneupside
/operating_model/cells/upside_2026q3_new_power:upside/idNoneupside_2026q3_new_power
/operating_model/cells/upside_2026q3_new_power:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_new_power:upside/labelNoneIncremental new-project power revenue
/operating_model/cells/upside_2026q3_new_power:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_new_power:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_new_power:upside/valueNone0.0
/operating_model/cells/upside_2026q3_operating_income:upside/basisNoneAssumes no net disposal gain/loss or impairment; separate downside risks.
/operating_model/cells/upside_2026q3_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2026q3_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q3_operating_income:upside/formula/refs/0Noneupside_2026q3_adj_ebitda
/operating_model/cells/upside_2026q3_operating_income:upside/formula/refs/1Noneupside_2026q3_gaap_deductions
/operating_model/cells/upside_2026q3_operating_income:upside/idNoneupside_2026q3_operating_income
/operating_model/cells/upside_2026q3_operating_income:upside/kindNonederived
/operating_model/cells/upside_2026q3_operating_income:upside/labelNoneGAAP operating income proxy
/operating_model/cells/upside_2026q3_operating_income:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_operating_income:upside/valueNone68.82786712800004
/operating_model/cells/upside_2026q3_power_capex:upside/basisNoneScenario allocation within aggregate capex; redacted equipment milestones prevent an exact contractual schedule.
/operating_model/cells/upside_2026q3_power_capex:upside/caseNoneupside
/operating_model/cells/upside_2026q3_power_capex:upside/idNoneupside_2026q3_power_capex
/operating_model/cells/upside_2026q3_power_capex:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_power_capex:upside/labelNonePower engines deposits and buildout cash
/operating_model/cells/upside_2026q3_power_capex:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_power_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_power_capex:upside/valueNone170.0
/operating_model/cells/upside_2026q3_power_contribution:upside/basisNoneIncremental modeled operations only.
/operating_model/cells/upside_2026q3_power_contribution:upside/caseNoneupside
/operating_model/cells/upside_2026q3_power_contribution:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q3_power_contribution:upside/formula/refs/0Noneupside_2026q3_new_power
/operating_model/cells/upside_2026q3_power_contribution:upside/formula/refs/1Noneupside_2026q3_power_margin
/operating_model/cells/upside_2026q3_power_contribution:upside/idNoneupside_2026q3_power_contribution
/operating_model/cells/upside_2026q3_power_contribution:upside/kindNonederived
/operating_model/cells/upside_2026q3_power_contribution:upside/labelNoneNew power contribution
/operating_model/cells/upside_2026q3_power_contribution:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_power_contribution:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_power_contribution:upside/valueNone0.0
/operating_model/cells/upside_2026q3_power_margin:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_power_margin:upside/caseNoneupside
/operating_model/cells/upside_2026q3_power_margin:upside/idNoneupside_2026q3_power_margin
/operating_model/cells/upside_2026q3_power_margin:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_power_margin:upside/labelNoneIncremental power contribution margin
/operating_model/cells/upside_2026q3_power_margin:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_power_margin:upside/unitNoneratio
/operating_model/cells/upside_2026q3_power_margin:upside/valueNone0.32
/operating_model/cells/upside_2026q3_price:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_price:upside/caseNoneupside
/operating_model/cells/upside_2026q3_price:upside/idNoneupside_2026q3_price
/operating_model/cells/upside_2026q3_price:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_price:upside/labelNonePricing/mix versus Q2
/operating_model/cells/upside_2026q3_price:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_price:upside/unitNoneratio
/operating_model/cells/upside_2026q3_price:upside/valueNone1.03
/operating_model/cells/upside_2026q3_revenue:upside/basisNoneNo revenue from buying engines or announcing capacity.
/operating_model/cells/upside_2026q3_revenue:upside/caseNoneupside
/operating_model/cells/upside_2026q3_revenue:upside/formula/opNonesum
/operating_model/cells/upside_2026q3_revenue:upside/formula/refs/0Noneupside_2026q3_existing_revenue
/operating_model/cells/upside_2026q3_revenue:upside/formula/refs/1Noneupside_2026q3_new_power
/operating_model/cells/upside_2026q3_revenue:upside/idNoneupside_2026q3_revenue
/operating_model/cells/upside_2026q3_revenue:upside/kindNonederived
/operating_model/cells/upside_2026q3_revenue:upside/labelNoneConsolidated revenue
/operating_model/cells/upside_2026q3_revenue:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_revenue:upside/valueNone1322.1941904
/operating_model/cells/upside_2026q3_sbc:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_sbc:upside/caseNoneupside
/operating_model/cells/upside_2026q3_sbc:upside/idNoneupside_2026q3_sbc
/operating_model/cells/upside_2026q3_sbc:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_sbc:upside/labelNoneStock compensation expense
/operating_model/cells/upside_2026q3_sbc:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_sbc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_sbc:upside/valueNone10.0
/operating_model/cells/upside_2026q3_service_margin:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_service_margin:upside/caseNoneupside
/operating_model/cells/upside_2026q3_service_margin:upside/idNoneupside_2026q3_service_margin
/operating_model/cells/upside_2026q3_service_margin:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_service_margin:upside/labelNoneService contribution margin
/operating_model/cells/upside_2026q3_service_margin:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_service_margin:upside/unitNoneratio
/operating_model/cells/upside_2026q3_service_margin:upside/valueNone0.195
/operating_model/cells/upside_2026q3_tra:upside/basisNoneDesk cash allowance, not a conclusion that the $66.870M liability is extinguished.
/operating_model/cells/upside_2026q3_tra:upside/caseNoneupside
/operating_model/cells/upside_2026q3_tra:upside/idNoneupside_2026q3_tra
/operating_model/cells/upside_2026q3_tra:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_tra:upside/labelNoneTRA cash payment
/operating_model/cells/upside_2026q3_tra:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_tra:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_tra:upside/valueNone0.0
/operating_model/cells/upside_2026q3_transaction:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_transaction:upside/caseNoneupside
/operating_model/cells/upside_2026q3_transaction:upside/idNoneupside_2026q3_transaction
/operating_model/cells/upside_2026q3_transaction:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_transaction:upside/labelNoneTransaction and other operating expense
/operating_model/cells/upside_2026q3_transaction:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_transaction:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_transaction:upside/valueNone3.0
/operating_model/cells/upside_2026q3_wc_use:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q3_wc_use:upside/caseNoneupside
/operating_model/cells/upside_2026q3_wc_use:upside/idNoneupside_2026q3_wc_use
/operating_model/cells/upside_2026q3_wc_use:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_wc_use:upside/labelNoneNet operating working-capital use
/operating_model/cells/upside_2026q3_wc_use:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_wc_use:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_wc_use:upside/valueNone40.0
/operating_model/cells/upside_2026q4_activity:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_activity:upside/caseNoneupside
/operating_model/cells/upside_2026q4_activity:upside/idNoneupside_2026q4_activity
/operating_model/cells/upside_2026q4_activity:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_activity:upside/labelNoneActivity versus Q2
/operating_model/cells/upside_2026q4_activity:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_activity:upside/unitNoneratio
/operating_model/cells/upside_2026q4_activity:upside/valueNone1.04
/operating_model/cells/upside_2026q4_adj_ebitda:upside/basisNoneExcludes equity compensation, D&A and modeled nonrecurring transaction costs; ordinary operating costs remain.
/operating_model/cells/upside_2026q4_adj_ebitda:upside/caseNoneupside
/operating_model/cells/upside_2026q4_adj_ebitda:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_adj_ebitda:upside/formula/refs/0Noneupside_2026q4_contribution
/operating_model/cells/upside_2026q4_adj_ebitda:upside/formula/refs/1Noneupside_2026q4_cash_overhead
/operating_model/cells/upside_2026q4_adj_ebitda:upside/idNoneupside_2026q4_adj_ebitda
/operating_model/cells/upside_2026q4_adj_ebitda:upside/kindNonederived
/operating_model/cells/upside_2026q4_adj_ebitda:upside/labelNoneAdjusted EBITDA proxy
/operating_model/cells/upside_2026q4_adj_ebitda:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_adj_ebitda:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_adj_ebitda:upside/valueNone186.77868686400004
/operating_model/cells/upside_2026q4_awards:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_awards:upside/caseNoneupside
/operating_model/cells/upside_2026q4_awards:upside/idNoneupside_2026q4_awards
/operating_model/cells/upside_2026q4_awards:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_awards:upside/labelNoneEmployee award withholding
/operating_model/cells/upside_2026q4_awards:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_awards:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_awards:upside/valueNone3.0
/operating_model/cells/upside_2026q4_capex:upside/basisNoneIncludes deposits once; not an additional deduction after capex.
/operating_model/cells/upside_2026q4_capex:upside/caseNoneupside
/operating_model/cells/upside_2026q4_capex:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_capex:upside/formula/refs/0Noneupside_2026q4_maintenance_capex
/operating_model/cells/upside_2026q4_capex:upside/formula/refs/1Noneupside_2026q4_power_capex
/operating_model/cells/upside_2026q4_capex:upside/idNoneupside_2026q4_capex
/operating_model/cells/upside_2026q4_capex:upside/kindNonederived
/operating_model/cells/upside_2026q4_capex:upside/labelNoneGross cash PP&E and deposits
/operating_model/cells/upside_2026q4_capex:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_capex:upside/valueNone295.0
/operating_model/cells/upside_2026q4_cash_after_claims:upside/basisNoneBefore new financing, acquisitions, optional buybacks and asset-sale proceeds.
/operating_model/cells/upside_2026q4_cash_after_claims:upside/caseNoneupside
/operating_model/cells/upside_2026q4_cash_after_claims:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_cash_after_claims:upside/formula/refs/0Noneupside_2026q4_fcf
/operating_model/cells/upside_2026q4_cash_after_claims:upside/formula/refs/1Noneupside_2026q4_claims
/operating_model/cells/upside_2026q4_cash_after_claims:upside/idNoneupside_2026q4_cash_after_claims
/operating_model/cells/upside_2026q4_cash_after_claims:upside/kindNonederived
/operating_model/cells/upside_2026q4_cash_after_claims:upside/labelNoneCash after investment and capital claims
/operating_model/cells/upside_2026q4_cash_after_claims:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_cash_after_claims:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_cash_after_claims:upside/valueNone-190.80181313599996
/operating_model/cells/upside_2026q4_cash_interest:upside/basisNoneSmall-loan and finance-lease interest, less cash yield; convertible notes have no regular coupon.
/operating_model/cells/upside_2026q4_cash_interest:upside/caseNoneupside
/operating_model/cells/upside_2026q4_cash_interest:upside/idNoneupside_2026q4_cash_interest
/operating_model/cells/upside_2026q4_cash_interest:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_cash_interest:upside/labelNoneCash interest net of investment income
/operating_model/cells/upside_2026q4_cash_interest:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_cash_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_cash_interest:upside/valueNone5.0
/operating_model/cells/upside_2026q4_cash_overhead:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_cash_overhead:upside/caseNoneupside
/operating_model/cells/upside_2026q4_cash_overhead:upside/idNoneupside_2026q4_cash_overhead
/operating_model/cells/upside_2026q4_cash_overhead:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_cash_overhead:upside/labelNoneG&A excluding stock compensation
/operating_model/cells/upside_2026q4_cash_overhead:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_cash_overhead:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_cash_overhead:upside/valueNone61.5
/operating_model/cells/upside_2026q4_cash_tax:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2026q4_cash_tax:upside/idNoneupside_2026q4_cash_tax
/operating_model/cells/upside_2026q4_cash_tax:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_cash_tax:upside/labelNoneCash income taxes
/operating_model/cells/upside_2026q4_cash_tax:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_cash_tax:upside/valueNone14.0
/operating_model/cells/upside_2026q4_cfo:upside/basisNoneDoes not repeat noncash investment marks as cash generation.
/operating_model/cells/upside_2026q4_cfo:upside/caseNoneupside
/operating_model/cells/upside_2026q4_cfo:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_cfo:upside/formula/refs/0Noneupside_2026q4_adj_ebitda
/operating_model/cells/upside_2026q4_cfo:upside/formula/refs/1Noneupside_2026q4_cfo_uses
/operating_model/cells/upside_2026q4_cfo:upside/idNoneupside_2026q4_cfo
/operating_model/cells/upside_2026q4_cfo:upside/kindNonederived
/operating_model/cells/upside_2026q4_cfo:upside/labelNoneOperating cash flow proxy
/operating_model/cells/upside_2026q4_cfo:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_cfo:upside/valueNone164.77868686400004
/operating_model/cells/upside_2026q4_cfo_uses:upside/basisNoneLease principal and TRA remain below CFO; transaction costs remain cash uses.
/operating_model/cells/upside_2026q4_cfo_uses:upside/caseNoneupside
/operating_model/cells/upside_2026q4_cfo_uses:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_cfo_uses:upside/formula/refs/0Noneupside_2026q4_cash_interest
/operating_model/cells/upside_2026q4_cfo_uses:upside/formula/refs/1Noneupside_2026q4_cash_tax
/operating_model/cells/upside_2026q4_cfo_uses:upside/formula/refs/2Noneupside_2026q4_wc_use
/operating_model/cells/upside_2026q4_cfo_uses:upside/formula/refs/3Noneupside_2026q4_transaction
/operating_model/cells/upside_2026q4_cfo_uses:upside/idNoneupside_2026q4_cfo_uses
/operating_model/cells/upside_2026q4_cfo_uses:upside/kindNonederived
/operating_model/cells/upside_2026q4_cfo_uses:upside/labelNoneCash interest taxes working capital and transaction costs
/operating_model/cells/upside_2026q4_cfo_uses:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_cfo_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_cfo_uses:upside/valueNone22.0
/operating_model/cells/upside_2026q4_claims:upside/basisNoneFinancing/equity-investment outflows; no new borrowing included.
/operating_model/cells/upside_2026q4_claims:upside/caseNoneupside
/operating_model/cells/upside_2026q4_claims:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_claims:upside/formula/refs/0Noneupside_2026q4_lease_principal
/operating_model/cells/upside_2026q4_claims:upside/formula/refs/1Noneupside_2026q4_tra
/operating_model/cells/upside_2026q4_claims:upside/formula/refs/2Noneupside_2026q4_dividends
/operating_model/cells/upside_2026q4_claims:upside/formula/refs/3Noneupside_2026q4_debt_principal
/operating_model/cells/upside_2026q4_claims:upside/formula/refs/4Noneupside_2026q4_awards
/operating_model/cells/upside_2026q4_claims:upside/formula/refs/5Noneupside_2026q4_investments
/operating_model/cells/upside_2026q4_claims:upside/idNoneupside_2026q4_claims
/operating_model/cells/upside_2026q4_claims:upside/kindNonederived
/operating_model/cells/upside_2026q4_claims:upside/labelNoneAdditional cash uses
/operating_model/cells/upside_2026q4_claims:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_claims:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_claims:upside/valueNone60.5805
/operating_model/cells/upside_2026q4_contribution:upside/basisNoneCompany does not report these as separate historical segments.
/operating_model/cells/upside_2026q4_contribution:upside/caseNoneupside
/operating_model/cells/upside_2026q4_contribution:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_contribution:upside/formula/refs/0Noneupside_2026q4_existing_contribution
/operating_model/cells/upside_2026q4_contribution:upside/formula/refs/1Noneupside_2026q4_power_contribution
/operating_model/cells/upside_2026q4_contribution:upside/idNoneupside_2026q4_contribution
/operating_model/cells/upside_2026q4_contribution:upside/kindNonederived
/operating_model/cells/upside_2026q4_contribution:upside/labelNoneService contribution before overhead and D&A
/operating_model/cells/upside_2026q4_contribution:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_contribution:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_contribution:upside/valueNone248.27868686400004
/operating_model/cells/upside_2026q4_da:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_da:upside/caseNoneupside
/operating_model/cells/upside_2026q4_da:upside/idNoneupside_2026q4_da
/operating_model/cells/upside_2026q4_da:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_da:upside/labelNoneDepreciation depletion and amortization
/operating_model/cells/upside_2026q4_da:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_da:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_da:upside/valueNone119.0
/operating_model/cells/upside_2026q4_debt_principal:upside/basisNoneRemainder 2026 $4.961M and 2027 $11.906M disclosed debt maturities, evenly allocated.
/operating_model/cells/upside_2026q4_debt_principal:upside/caseNoneupside
/operating_model/cells/upside_2026q4_debt_principal:upside/idNoneupside_2026q4_debt_principal
/operating_model/cells/upside_2026q4_debt_principal:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_debt_principal:upside/labelNoneSmall-loan principal
/operating_model/cells/upside_2026q4_debt_principal:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_debt_principal:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_debt_principal:upside/valueNone2.4805
/operating_model/cells/upside_2026q4_dividends:upside/basisNoneApproximately $0.09 per share quarterly, including allowance for award equivalents; future board declarations required.
/operating_model/cells/upside_2026q4_dividends:upside/caseNoneupside
/operating_model/cells/upside_2026q4_dividends:upside/idNoneupside_2026q4_dividends
/operating_model/cells/upside_2026q4_dividends:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_dividends:upside/labelNoneCommon dividends and equivalents
/operating_model/cells/upside_2026q4_dividends:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_dividends:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_dividends:upside/valueNone15.1
/operating_model/cells/upside_2026q4_existing_contribution:upside/basisNoneCost of services excludes D&A.
/operating_model/cells/upside_2026q4_existing_contribution:upside/caseNoneupside
/operating_model/cells/upside_2026q4_existing_contribution:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q4_existing_contribution:upside/formula/refs/0Noneupside_2026q4_existing_revenue
/operating_model/cells/upside_2026q4_existing_contribution:upside/formula/refs/1Noneupside_2026q4_service_margin
/operating_model/cells/upside_2026q4_existing_contribution:upside/idNoneupside_2026q4_existing_contribution
/operating_model/cells/upside_2026q4_existing_contribution:upside/kindNonederived
/operating_model/cells/upside_2026q4_existing_contribution:upside/labelNoneExisting-business contribution
/operating_model/cells/upside_2026q4_existing_contribution:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_existing_contribution:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_existing_contribution:upside/valueNone248.27868686400004
/operating_model/cells/upside_2026q4_existing_revenue:upside/basisNoneConsolidated anchor already includes existing power-related activity.
/operating_model/cells/upside_2026q4_existing_revenue:upside/caseNoneupside
/operating_model/cells/upside_2026q4_existing_revenue:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q4_existing_revenue:upside/formula/refs/0Noneq2_revenue
/operating_model/cells/upside_2026q4_existing_revenue:upside/formula/refs/1Noneupside_2026q4_activity
/operating_model/cells/upside_2026q4_existing_revenue:upside/formula/refs/2Noneupside_2026q4_price
/operating_model/cells/upside_2026q4_existing_revenue:upside/idNoneupside_2026q4_existing_revenue
/operating_model/cells/upside_2026q4_existing_revenue:upside/kindNonederived
/operating_model/cells/upside_2026q4_existing_revenue:upside/labelNoneExisting business revenue
/operating_model/cells/upside_2026q4_existing_revenue:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_existing_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_existing_revenue:upside/valueNone1273.2240352000001
/operating_model/cells/upside_2026q4_fcf:upside/basisNoneNo disposal proceeds netted against cash PP&E.
/operating_model/cells/upside_2026q4_fcf:upside/caseNoneupside
/operating_model/cells/upside_2026q4_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_fcf:upside/formula/refs/0Noneupside_2026q4_cfo
/operating_model/cells/upside_2026q4_fcf:upside/formula/refs/1Noneupside_2026q4_capex
/operating_model/cells/upside_2026q4_fcf:upside/idNoneupside_2026q4_fcf
/operating_model/cells/upside_2026q4_fcf:upside/kindNonederived
/operating_model/cells/upside_2026q4_fcf:upside/labelNoneCFO less gross PP&E
/operating_model/cells/upside_2026q4_fcf:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_fcf:upside/valueNone-130.22131313599996
/operating_model/cells/upside_2026q4_gaap_deductions:upside/basisNoneNo investment fair-value gains in operating earnings.
/operating_model/cells/upside_2026q4_gaap_deductions:upside/caseNoneupside
/operating_model/cells/upside_2026q4_gaap_deductions:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_gaap_deductions:upside/formula/refs/0Noneupside_2026q4_sbc
/operating_model/cells/upside_2026q4_gaap_deductions:upside/formula/refs/1Noneupside_2026q4_da
/operating_model/cells/upside_2026q4_gaap_deductions:upside/formula/refs/2Noneupside_2026q4_transaction
/operating_model/cells/upside_2026q4_gaap_deductions:upside/idNoneupside_2026q4_gaap_deductions
/operating_model/cells/upside_2026q4_gaap_deductions:upside/kindNonederived
/operating_model/cells/upside_2026q4_gaap_deductions:upside/labelNoneD&A, equity expense and transaction costs
/operating_model/cells/upside_2026q4_gaap_deductions:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_gaap_deductions:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_gaap_deductions:upside/valueNone132.4
/operating_model/cells/upside_2026q4_investments:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_investments:upside/caseNoneupside
/operating_model/cells/upside_2026q4_investments:upside/idNoneupside_2026q4_investments
/operating_model/cells/upside_2026q4_investments:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_investments:upside/labelNoneEquity investment purchases
/operating_model/cells/upside_2026q4_investments:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_investments:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_investments:upside/valueNone5.0
/operating_model/cells/upside_2026q4_lease_principal:upside/basisNoneDesk allocation informed by remaining 2026 gross lease payments $79.705M and 2027 $87.432M, including interest. Interest is separately in CFO.
/operating_model/cells/upside_2026q4_lease_principal:upside/caseNoneupside
/operating_model/cells/upside_2026q4_lease_principal:upside/idNoneupside_2026q4_lease_principal
/operating_model/cells/upside_2026q4_lease_principal:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_lease_principal:upside/labelNoneFinance-lease principal
/operating_model/cells/upside_2026q4_lease_principal:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_lease_principal:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_lease_principal:upside/valueNone35.0
/operating_model/cells/upside_2026q4_maintenance_capex:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_maintenance_capex:upside/caseNoneupside
/operating_model/cells/upside_2026q4_maintenance_capex:upside/idNoneupside_2026q4_maintenance_capex
/operating_model/cells/upside_2026q4_maintenance_capex:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_maintenance_capex:upside/labelNoneExisting fleet and other PP&E cash
/operating_model/cells/upside_2026q4_maintenance_capex:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_maintenance_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_maintenance_capex:upside/valueNone115.0
/operating_model/cells/upside_2026q4_new_power:upside/basisNoneDesk revenue sensitivity only; no customer contract revenue per MW was disclosed for PowerBridge.
/operating_model/cells/upside_2026q4_new_power:upside/caseNoneupside
/operating_model/cells/upside_2026q4_new_power:upside/idNoneupside_2026q4_new_power
/operating_model/cells/upside_2026q4_new_power:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_new_power:upside/labelNoneIncremental new-project power revenue
/operating_model/cells/upside_2026q4_new_power:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_new_power:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_new_power:upside/valueNone0.0
/operating_model/cells/upside_2026q4_operating_income:upside/basisNoneAssumes no net disposal gain/loss or impairment; separate downside risks.
/operating_model/cells/upside_2026q4_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2026q4_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_operating_income:upside/formula/refs/0Noneupside_2026q4_adj_ebitda
/operating_model/cells/upside_2026q4_operating_income:upside/formula/refs/1Noneupside_2026q4_gaap_deductions
/operating_model/cells/upside_2026q4_operating_income:upside/idNoneupside_2026q4_operating_income
/operating_model/cells/upside_2026q4_operating_income:upside/kindNonederived
/operating_model/cells/upside_2026q4_operating_income:upside/labelNoneGAAP operating income proxy
/operating_model/cells/upside_2026q4_operating_income:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_operating_income:upside/valueNone54.37868686400003
/operating_model/cells/upside_2026q4_power_capex:upside/basisNoneScenario allocation within aggregate capex; redacted equipment milestones prevent an exact contractual schedule.
/operating_model/cells/upside_2026q4_power_capex:upside/caseNoneupside
/operating_model/cells/upside_2026q4_power_capex:upside/idNoneupside_2026q4_power_capex
/operating_model/cells/upside_2026q4_power_capex:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_power_capex:upside/labelNonePower engines deposits and buildout cash
/operating_model/cells/upside_2026q4_power_capex:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_power_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_power_capex:upside/valueNone180.0
/operating_model/cells/upside_2026q4_power_contribution:upside/basisNoneIncremental modeled operations only.
/operating_model/cells/upside_2026q4_power_contribution:upside/caseNoneupside
/operating_model/cells/upside_2026q4_power_contribution:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q4_power_contribution:upside/formula/refs/0Noneupside_2026q4_new_power
/operating_model/cells/upside_2026q4_power_contribution:upside/formula/refs/1Noneupside_2026q4_power_margin
/operating_model/cells/upside_2026q4_power_contribution:upside/idNoneupside_2026q4_power_contribution
/operating_model/cells/upside_2026q4_power_contribution:upside/kindNonederived
/operating_model/cells/upside_2026q4_power_contribution:upside/labelNoneNew power contribution
/operating_model/cells/upside_2026q4_power_contribution:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_power_contribution:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_power_contribution:upside/valueNone0.0
/operating_model/cells/upside_2026q4_power_margin:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_power_margin:upside/caseNoneupside
/operating_model/cells/upside_2026q4_power_margin:upside/idNoneupside_2026q4_power_margin
/operating_model/cells/upside_2026q4_power_margin:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_power_margin:upside/labelNoneIncremental power contribution margin
/operating_model/cells/upside_2026q4_power_margin:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_power_margin:upside/unitNoneratio
/operating_model/cells/upside_2026q4_power_margin:upside/valueNone0.32
/operating_model/cells/upside_2026q4_price:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_price:upside/caseNoneupside
/operating_model/cells/upside_2026q4_price:upside/idNoneupside_2026q4_price
/operating_model/cells/upside_2026q4_price:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_price:upside/labelNonePricing/mix versus Q2
/operating_model/cells/upside_2026q4_price:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_price:upside/unitNoneratio
/operating_model/cells/upside_2026q4_price:upside/valueNone1.03
/operating_model/cells/upside_2026q4_revenue:upside/basisNoneNo revenue from buying engines or announcing capacity.
/operating_model/cells/upside_2026q4_revenue:upside/caseNoneupside
/operating_model/cells/upside_2026q4_revenue:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_revenue:upside/formula/refs/0Noneupside_2026q4_existing_revenue
/operating_model/cells/upside_2026q4_revenue:upside/formula/refs/1Noneupside_2026q4_new_power
/operating_model/cells/upside_2026q4_revenue:upside/idNoneupside_2026q4_revenue
/operating_model/cells/upside_2026q4_revenue:upside/kindNonederived
/operating_model/cells/upside_2026q4_revenue:upside/labelNoneConsolidated revenue
/operating_model/cells/upside_2026q4_revenue:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_revenue:upside/valueNone1273.2240352000001
/operating_model/cells/upside_2026q4_sbc:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_sbc:upside/caseNoneupside
/operating_model/cells/upside_2026q4_sbc:upside/idNoneupside_2026q4_sbc
/operating_model/cells/upside_2026q4_sbc:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_sbc:upside/labelNoneStock compensation expense
/operating_model/cells/upside_2026q4_sbc:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_sbc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_sbc:upside/valueNone10.4
/operating_model/cells/upside_2026q4_service_margin:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_service_margin:upside/caseNoneupside
/operating_model/cells/upside_2026q4_service_margin:upside/idNoneupside_2026q4_service_margin
/operating_model/cells/upside_2026q4_service_margin:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_service_margin:upside/labelNoneService contribution margin
/operating_model/cells/upside_2026q4_service_margin:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_service_margin:upside/unitNoneratio
/operating_model/cells/upside_2026q4_service_margin:upside/valueNone0.195
/operating_model/cells/upside_2026q4_tra:upside/basisNoneDesk cash allowance, not a conclusion that the $66.870M liability is extinguished.
/operating_model/cells/upside_2026q4_tra:upside/caseNoneupside
/operating_model/cells/upside_2026q4_tra:upside/idNoneupside_2026q4_tra
/operating_model/cells/upside_2026q4_tra:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_tra:upside/labelNoneTRA cash payment
/operating_model/cells/upside_2026q4_tra:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_tra:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_tra:upside/valueNone0.0
/operating_model/cells/upside_2026q4_transaction:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_transaction:upside/caseNoneupside
/operating_model/cells/upside_2026q4_transaction:upside/idNoneupside_2026q4_transaction
/operating_model/cells/upside_2026q4_transaction:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_transaction:upside/labelNoneTransaction and other operating expense
/operating_model/cells/upside_2026q4_transaction:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_transaction:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_transaction:upside/valueNone3.0
/operating_model/cells/upside_2026q4_wc_use:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2026q4_wc_use:upside/caseNoneupside
/operating_model/cells/upside_2026q4_wc_use:upside/idNoneupside_2026q4_wc_use
/operating_model/cells/upside_2026q4_wc_use:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_wc_use:upside/labelNoneNet operating working-capital use
/operating_model/cells/upside_2026q4_wc_use:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_wc_use:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_wc_use:upside/valueNone0.0
/operating_model/cells/upside_2027q1_activity:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_activity:upside/caseNoneupside
/operating_model/cells/upside_2027q1_activity:upside/idNoneupside_2027q1_activity
/operating_model/cells/upside_2027q1_activity:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_activity:upside/labelNoneActivity versus Q2
/operating_model/cells/upside_2027q1_activity:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_activity:upside/unitNoneratio
/operating_model/cells/upside_2027q1_activity:upside/valueNone1.13
/operating_model/cells/upside_2027q1_adj_ebitda:upside/basisNoneExcludes equity compensation, D&A and modeled nonrecurring transaction costs; ordinary operating costs remain.
/operating_model/cells/upside_2027q1_adj_ebitda:upside/caseNoneupside
/operating_model/cells/upside_2027q1_adj_ebitda:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_adj_ebitda:upside/formula/refs/0Noneupside_2027q1_contribution
/operating_model/cells/upside_2027q1_adj_ebitda:upside/formula/refs/1Noneupside_2027q1_cash_overhead
/operating_model/cells/upside_2027q1_adj_ebitda:upside/idNoneupside_2027q1_adj_ebitda
/operating_model/cells/upside_2027q1_adj_ebitda:upside/kindNonederived
/operating_model/cells/upside_2027q1_adj_ebitda:upside/labelNoneAdjusted EBITDA proxy
/operating_model/cells/upside_2027q1_adj_ebitda:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_adj_ebitda:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_adj_ebitda:upside/valueNone206.76434245800004
/operating_model/cells/upside_2027q1_awards:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_awards:upside/caseNoneupside
/operating_model/cells/upside_2027q1_awards:upside/idNoneupside_2027q1_awards
/operating_model/cells/upside_2027q1_awards:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_awards:upside/labelNoneEmployee award withholding
/operating_model/cells/upside_2027q1_awards:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_awards:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_awards:upside/valueNone14.0
/operating_model/cells/upside_2027q1_capex:upside/basisNoneIncludes deposits once; not an additional deduction after capex.
/operating_model/cells/upside_2027q1_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q1_capex:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_capex:upside/formula/refs/0Noneupside_2027q1_maintenance_capex
/operating_model/cells/upside_2027q1_capex:upside/formula/refs/1Noneupside_2027q1_power_capex
/operating_model/cells/upside_2027q1_capex:upside/idNoneupside_2027q1_capex
/operating_model/cells/upside_2027q1_capex:upside/kindNonederived
/operating_model/cells/upside_2027q1_capex:upside/labelNoneGross cash PP&E and deposits
/operating_model/cells/upside_2027q1_capex:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_capex:upside/valueNone355.0
/operating_model/cells/upside_2027q1_cash_after_claims:upside/basisNoneBefore new financing, acquisitions, optional buybacks and asset-sale proceeds.
/operating_model/cells/upside_2027q1_cash_after_claims:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cash_after_claims:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_cash_after_claims:upside/formula/refs/0Noneupside_2027q1_fcf
/operating_model/cells/upside_2027q1_cash_after_claims:upside/formula/refs/1Noneupside_2027q1_claims
/operating_model/cells/upside_2027q1_cash_after_claims:upside/idNoneupside_2027q1_cash_after_claims
/operating_model/cells/upside_2027q1_cash_after_claims:upside/kindNonederived
/operating_model/cells/upside_2027q1_cash_after_claims:upside/labelNoneCash after investment and capital claims
/operating_model/cells/upside_2027q1_cash_after_claims:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cash_after_claims:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_cash_after_claims:upside/valueNone-289.31215754199997
/operating_model/cells/upside_2027q1_cash_interest:upside/basisNoneSmall-loan and finance-lease interest, less cash yield; convertible notes have no regular coupon.
/operating_model/cells/upside_2027q1_cash_interest:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cash_interest:upside/idNoneupside_2027q1_cash_interest
/operating_model/cells/upside_2027q1_cash_interest:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_cash_interest:upside/labelNoneCash interest net of investment income
/operating_model/cells/upside_2027q1_cash_interest:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cash_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_cash_interest:upside/valueNone6.0
/operating_model/cells/upside_2027q1_cash_overhead:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_cash_overhead:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cash_overhead:upside/idNoneupside_2027q1_cash_overhead
/operating_model/cells/upside_2027q1_cash_overhead:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_cash_overhead:upside/labelNoneG&A excluding stock compensation
/operating_model/cells/upside_2027q1_cash_overhead:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cash_overhead:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_cash_overhead:upside/valueNone63.0
/operating_model/cells/upside_2027q1_cash_tax:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cash_tax:upside/idNoneupside_2027q1_cash_tax
/operating_model/cells/upside_2027q1_cash_tax:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_cash_tax:upside/labelNoneCash income taxes
/operating_model/cells/upside_2027q1_cash_tax:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_cash_tax:upside/valueNone16.0
/operating_model/cells/upside_2027q1_cfo:upside/basisNoneDoes not repeat noncash investment marks as cash generation.
/operating_model/cells/upside_2027q1_cfo:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cfo:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_cfo:upside/formula/refs/0Noneupside_2027q1_adj_ebitda
/operating_model/cells/upside_2027q1_cfo:upside/formula/refs/1Noneupside_2027q1_cfo_uses
/operating_model/cells/upside_2027q1_cfo:upside/idNoneupside_2027q1_cfo
/operating_model/cells/upside_2027q1_cfo:upside/kindNonederived
/operating_model/cells/upside_2027q1_cfo:upside/labelNoneOperating cash flow proxy
/operating_model/cells/upside_2027q1_cfo:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_cfo:upside/valueNone127.76434245800004
/operating_model/cells/upside_2027q1_cfo_uses:upside/basisNoneLease principal and TRA remain below CFO; transaction costs remain cash uses.
/operating_model/cells/upside_2027q1_cfo_uses:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cfo_uses:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_cfo_uses:upside/formula/refs/0Noneupside_2027q1_cash_interest
/operating_model/cells/upside_2027q1_cfo_uses:upside/formula/refs/1Noneupside_2027q1_cash_tax
/operating_model/cells/upside_2027q1_cfo_uses:upside/formula/refs/2Noneupside_2027q1_wc_use
/operating_model/cells/upside_2027q1_cfo_uses:upside/formula/refs/3Noneupside_2027q1_transaction
/operating_model/cells/upside_2027q1_cfo_uses:upside/idNoneupside_2027q1_cfo_uses
/operating_model/cells/upside_2027q1_cfo_uses:upside/kindNonederived
/operating_model/cells/upside_2027q1_cfo_uses:upside/labelNoneCash interest taxes working capital and transaction costs
/operating_model/cells/upside_2027q1_cfo_uses:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cfo_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_cfo_uses:upside/valueNone79.0
/operating_model/cells/upside_2027q1_claims:upside/basisNoneFinancing/equity-investment outflows; no new borrowing included.
/operating_model/cells/upside_2027q1_claims:upside/caseNoneupside
/operating_model/cells/upside_2027q1_claims:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_claims:upside/formula/refs/0Noneupside_2027q1_lease_principal
/operating_model/cells/upside_2027q1_claims:upside/formula/refs/1Noneupside_2027q1_tra
/operating_model/cells/upside_2027q1_claims:upside/formula/refs/2Noneupside_2027q1_dividends
/operating_model/cells/upside_2027q1_claims:upside/formula/refs/3Noneupside_2027q1_debt_principal
/operating_model/cells/upside_2027q1_claims:upside/formula/refs/4Noneupside_2027q1_awards
/operating_model/cells/upside_2027q1_claims:upside/formula/refs/5Noneupside_2027q1_investments
/operating_model/cells/upside_2027q1_claims:upside/idNoneupside_2027q1_claims
/operating_model/cells/upside_2027q1_claims:upside/kindNonederived
/operating_model/cells/upside_2027q1_claims:upside/labelNoneAdditional cash uses
/operating_model/cells/upside_2027q1_claims:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_claims:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_claims:upside/valueNone62.0765
/operating_model/cells/upside_2027q1_contribution:upside/basisNoneCompany does not report these as separate historical segments.
/operating_model/cells/upside_2027q1_contribution:upside/caseNoneupside
/operating_model/cells/upside_2027q1_contribution:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_contribution:upside/formula/refs/0Noneupside_2027q1_existing_contribution
/operating_model/cells/upside_2027q1_contribution:upside/formula/refs/1Noneupside_2027q1_power_contribution
/operating_model/cells/upside_2027q1_contribution:upside/idNoneupside_2027q1_contribution
/operating_model/cells/upside_2027q1_contribution:upside/kindNonederived
/operating_model/cells/upside_2027q1_contribution:upside/labelNoneService contribution before overhead and D&A
/operating_model/cells/upside_2027q1_contribution:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_contribution:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_contribution:upside/valueNone269.76434245800004
/operating_model/cells/upside_2027q1_da:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_da:upside/caseNoneupside
/operating_model/cells/upside_2027q1_da:upside/idNoneupside_2027q1_da
/operating_model/cells/upside_2027q1_da:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_da:upside/labelNoneDepreciation depletion and amortization
/operating_model/cells/upside_2027q1_da:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_da:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_da:upside/valueNone122.0
/operating_model/cells/upside_2027q1_debt_principal:upside/basisNoneRemainder 2026 $4.961M and 2027 $11.906M disclosed debt maturities, evenly allocated.
/operating_model/cells/upside_2027q1_debt_principal:upside/caseNoneupside
/operating_model/cells/upside_2027q1_debt_principal:upside/idNoneupside_2027q1_debt_principal
/operating_model/cells/upside_2027q1_debt_principal:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_debt_principal:upside/labelNoneSmall-loan principal
/operating_model/cells/upside_2027q1_debt_principal:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_debt_principal:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_debt_principal:upside/valueNone2.9765
/operating_model/cells/upside_2027q1_dividends:upside/basisNoneApproximately $0.09 per share quarterly, including allowance for award equivalents; future board declarations required.
/operating_model/cells/upside_2027q1_dividends:upside/caseNoneupside
/operating_model/cells/upside_2027q1_dividends:upside/idNoneupside_2027q1_dividends
/operating_model/cells/upside_2027q1_dividends:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_dividends:upside/labelNoneCommon dividends and equivalents
/operating_model/cells/upside_2027q1_dividends:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_dividends:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_dividends:upside/valueNone15.1
/operating_model/cells/upside_2027q1_existing_contribution:upside/basisNoneCost of services excludes D&A.
/operating_model/cells/upside_2027q1_existing_contribution:upside/caseNoneupside
/operating_model/cells/upside_2027q1_existing_contribution:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q1_existing_contribution:upside/formula/refs/0Noneupside_2027q1_existing_revenue
/operating_model/cells/upside_2027q1_existing_contribution:upside/formula/refs/1Noneupside_2027q1_service_margin
/operating_model/cells/upside_2027q1_existing_contribution:upside/idNoneupside_2027q1_existing_contribution
/operating_model/cells/upside_2027q1_existing_contribution:upside/kindNonederived
/operating_model/cells/upside_2027q1_existing_contribution:upside/labelNoneExisting-business contribution
/operating_model/cells/upside_2027q1_existing_contribution:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_existing_contribution:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_existing_contribution:upside/valueNone269.76434245800004
/operating_model/cells/upside_2027q1_existing_revenue:upside/basisNoneConsolidated anchor already includes existing power-related activity.
/operating_model/cells/upside_2027q1_existing_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q1_existing_revenue:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q1_existing_revenue:upside/formula/refs/0Noneq2_revenue
/operating_model/cells/upside_2027q1_existing_revenue:upside/formula/refs/1Noneupside_2027q1_activity
/operating_model/cells/upside_2027q1_existing_revenue:upside/formula/refs/2Noneupside_2027q1_price
/operating_model/cells/upside_2027q1_existing_revenue:upside/idNoneupside_2027q1_existing_revenue
/operating_model/cells/upside_2027q1_existing_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q1_existing_revenue:upside/labelNoneExisting business revenue
/operating_model/cells/upside_2027q1_existing_revenue:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_existing_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_existing_revenue:upside/valueNone1383.4068844
/operating_model/cells/upside_2027q1_fcf:upside/basisNoneNo disposal proceeds netted against cash PP&E.
/operating_model/cells/upside_2027q1_fcf:upside/caseNoneupside
/operating_model/cells/upside_2027q1_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_fcf:upside/formula/refs/0Noneupside_2027q1_cfo
/operating_model/cells/upside_2027q1_fcf:upside/formula/refs/1Noneupside_2027q1_capex
/operating_model/cells/upside_2027q1_fcf:upside/idNoneupside_2027q1_fcf
/operating_model/cells/upside_2027q1_fcf:upside/kindNonederived
/operating_model/cells/upside_2027q1_fcf:upside/labelNoneCFO less gross PP&E
/operating_model/cells/upside_2027q1_fcf:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_fcf:upside/valueNone-227.23565754199996
/operating_model/cells/upside_2027q1_gaap_deductions:upside/basisNoneNo investment fair-value gains in operating earnings.
/operating_model/cells/upside_2027q1_gaap_deductions:upside/caseNoneupside
/operating_model/cells/upside_2027q1_gaap_deductions:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_gaap_deductions:upside/formula/refs/0Noneupside_2027q1_sbc
/operating_model/cells/upside_2027q1_gaap_deductions:upside/formula/refs/1Noneupside_2027q1_da
/operating_model/cells/upside_2027q1_gaap_deductions:upside/formula/refs/2Noneupside_2027q1_transaction
/operating_model/cells/upside_2027q1_gaap_deductions:upside/idNoneupside_2027q1_gaap_deductions
/operating_model/cells/upside_2027q1_gaap_deductions:upside/kindNonederived
/operating_model/cells/upside_2027q1_gaap_deductions:upside/labelNoneD&A, equity expense and transaction costs
/operating_model/cells/upside_2027q1_gaap_deductions:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_gaap_deductions:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_gaap_deductions:upside/valueNone134.8
/operating_model/cells/upside_2027q1_investments:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_investments:upside/caseNoneupside
/operating_model/cells/upside_2027q1_investments:upside/idNoneupside_2027q1_investments
/operating_model/cells/upside_2027q1_investments:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_investments:upside/labelNoneEquity investment purchases
/operating_model/cells/upside_2027q1_investments:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_investments:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_investments:upside/valueNone7.0
/operating_model/cells/upside_2027q1_lease_principal:upside/basisNoneDesk allocation informed by remaining 2026 gross lease payments $79.705M and 2027 $87.432M, including interest. Interest is separately in CFO.
/operating_model/cells/upside_2027q1_lease_principal:upside/caseNoneupside
/operating_model/cells/upside_2027q1_lease_principal:upside/idNoneupside_2027q1_lease_principal
/operating_model/cells/upside_2027q1_lease_principal:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_lease_principal:upside/labelNoneFinance-lease principal
/operating_model/cells/upside_2027q1_lease_principal:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_lease_principal:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_lease_principal:upside/valueNone19.0
/operating_model/cells/upside_2027q1_maintenance_capex:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_maintenance_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q1_maintenance_capex:upside/idNoneupside_2027q1_maintenance_capex
/operating_model/cells/upside_2027q1_maintenance_capex:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_maintenance_capex:upside/labelNoneExisting fleet and other PP&E cash
/operating_model/cells/upside_2027q1_maintenance_capex:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_maintenance_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_maintenance_capex:upside/valueNone125.0
/operating_model/cells/upside_2027q1_new_power:upside/basisNoneDesk revenue sensitivity only; no customer contract revenue per MW was disclosed for PowerBridge.
/operating_model/cells/upside_2027q1_new_power:upside/caseNoneupside
/operating_model/cells/upside_2027q1_new_power:upside/idNoneupside_2027q1_new_power
/operating_model/cells/upside_2027q1_new_power:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_new_power:upside/labelNoneIncremental new-project power revenue
/operating_model/cells/upside_2027q1_new_power:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_new_power:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_new_power:upside/valueNone0.0
/operating_model/cells/upside_2027q1_operating_income:upside/basisNoneAssumes no net disposal gain/loss or impairment; separate downside risks.
/operating_model/cells/upside_2027q1_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2027q1_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_operating_income:upside/formula/refs/0Noneupside_2027q1_adj_ebitda
/operating_model/cells/upside_2027q1_operating_income:upside/formula/refs/1Noneupside_2027q1_gaap_deductions
/operating_model/cells/upside_2027q1_operating_income:upside/idNoneupside_2027q1_operating_income
/operating_model/cells/upside_2027q1_operating_income:upside/kindNonederived
/operating_model/cells/upside_2027q1_operating_income:upside/labelNoneGAAP operating income proxy
/operating_model/cells/upside_2027q1_operating_income:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_operating_income:upside/valueNone71.96434245800003
/operating_model/cells/upside_2027q1_power_capex:upside/basisNoneScenario allocation within aggregate capex; redacted equipment milestones prevent an exact contractual schedule.
/operating_model/cells/upside_2027q1_power_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q1_power_capex:upside/idNoneupside_2027q1_power_capex
/operating_model/cells/upside_2027q1_power_capex:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_power_capex:upside/labelNonePower engines deposits and buildout cash
/operating_model/cells/upside_2027q1_power_capex:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_power_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_power_capex:upside/valueNone230.0
/operating_model/cells/upside_2027q1_power_contribution:upside/basisNoneIncremental modeled operations only.
/operating_model/cells/upside_2027q1_power_contribution:upside/caseNoneupside
/operating_model/cells/upside_2027q1_power_contribution:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q1_power_contribution:upside/formula/refs/0Noneupside_2027q1_new_power
/operating_model/cells/upside_2027q1_power_contribution:upside/formula/refs/1Noneupside_2027q1_power_margin
/operating_model/cells/upside_2027q1_power_contribution:upside/idNoneupside_2027q1_power_contribution
/operating_model/cells/upside_2027q1_power_contribution:upside/kindNonederived
/operating_model/cells/upside_2027q1_power_contribution:upside/labelNoneNew power contribution
/operating_model/cells/upside_2027q1_power_contribution:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_power_contribution:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_power_contribution:upside/valueNone0.0
/operating_model/cells/upside_2027q1_power_margin:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_power_margin:upside/caseNoneupside
/operating_model/cells/upside_2027q1_power_margin:upside/idNoneupside_2027q1_power_margin
/operating_model/cells/upside_2027q1_power_margin:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_power_margin:upside/labelNoneIncremental power contribution margin
/operating_model/cells/upside_2027q1_power_margin:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_power_margin:upside/unitNoneratio
/operating_model/cells/upside_2027q1_power_margin:upside/valueNone0.32
/operating_model/cells/upside_2027q1_price:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_price:upside/caseNoneupside
/operating_model/cells/upside_2027q1_price:upside/idNoneupside_2027q1_price
/operating_model/cells/upside_2027q1_price:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_price:upside/labelNonePricing/mix versus Q2
/operating_model/cells/upside_2027q1_price:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_price:upside/unitNoneratio
/operating_model/cells/upside_2027q1_price:upside/valueNone1.03
/operating_model/cells/upside_2027q1_revenue:upside/basisNoneNo revenue from buying engines or announcing capacity.
/operating_model/cells/upside_2027q1_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q1_revenue:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_revenue:upside/formula/refs/0Noneupside_2027q1_existing_revenue
/operating_model/cells/upside_2027q1_revenue:upside/formula/refs/1Noneupside_2027q1_new_power
/operating_model/cells/upside_2027q1_revenue:upside/idNoneupside_2027q1_revenue
/operating_model/cells/upside_2027q1_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q1_revenue:upside/labelNoneConsolidated revenue
/operating_model/cells/upside_2027q1_revenue:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_revenue:upside/valueNone1383.4068844
/operating_model/cells/upside_2027q1_sbc:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_sbc:upside/caseNoneupside
/operating_model/cells/upside_2027q1_sbc:upside/idNoneupside_2027q1_sbc
/operating_model/cells/upside_2027q1_sbc:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_sbc:upside/labelNoneStock compensation expense
/operating_model/cells/upside_2027q1_sbc:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_sbc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_sbc:upside/valueNone10.8
/operating_model/cells/upside_2027q1_service_margin:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_service_margin:upside/caseNoneupside
/operating_model/cells/upside_2027q1_service_margin:upside/idNoneupside_2027q1_service_margin
/operating_model/cells/upside_2027q1_service_margin:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_service_margin:upside/labelNoneService contribution margin
/operating_model/cells/upside_2027q1_service_margin:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_service_margin:upside/unitNoneratio
/operating_model/cells/upside_2027q1_service_margin:upside/valueNone0.195
/operating_model/cells/upside_2027q1_tra:upside/basisNoneDesk cash allowance, not a conclusion that the $66.870M liability is extinguished.
/operating_model/cells/upside_2027q1_tra:upside/caseNoneupside
/operating_model/cells/upside_2027q1_tra:upside/idNoneupside_2027q1_tra
/operating_model/cells/upside_2027q1_tra:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_tra:upside/labelNoneTRA cash payment
/operating_model/cells/upside_2027q1_tra:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_tra:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_tra:upside/valueNone4.0
/operating_model/cells/upside_2027q1_transaction:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_transaction:upside/caseNoneupside
/operating_model/cells/upside_2027q1_transaction:upside/idNoneupside_2027q1_transaction
/operating_model/cells/upside_2027q1_transaction:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_transaction:upside/labelNoneTransaction and other operating expense
/operating_model/cells/upside_2027q1_transaction:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_transaction:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_transaction:upside/valueNone2.0
/operating_model/cells/upside_2027q1_wc_use:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q1_wc_use:upside/caseNoneupside
/operating_model/cells/upside_2027q1_wc_use:upside/idNoneupside_2027q1_wc_use
/operating_model/cells/upside_2027q1_wc_use:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_wc_use:upside/labelNoneNet operating working-capital use
/operating_model/cells/upside_2027q1_wc_use:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_wc_use:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_wc_use:upside/valueNone55.0
/operating_model/cells/upside_2027q2_activity:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_activity:upside/caseNoneupside
/operating_model/cells/upside_2027q2_activity:upside/idNoneupside_2027q2_activity
/operating_model/cells/upside_2027q2_activity:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_activity:upside/labelNoneActivity versus Q2
/operating_model/cells/upside_2027q2_activity:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_activity:upside/unitNoneratio
/operating_model/cells/upside_2027q2_activity:upside/valueNone1.18
/operating_model/cells/upside_2027q2_adj_ebitda:upside/basisNoneExcludes equity compensation, D&A and modeled nonrecurring transaction costs; ordinary operating costs remain.
/operating_model/cells/upside_2027q2_adj_ebitda:upside/caseNoneupside
/operating_model/cells/upside_2027q2_adj_ebitda:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_adj_ebitda:upside/formula/refs/0Noneupside_2027q2_contribution
/operating_model/cells/upside_2027q2_adj_ebitda:upside/formula/refs/1Noneupside_2027q2_cash_overhead
/operating_model/cells/upside_2027q2_adj_ebitda:upside/idNoneupside_2027q2_adj_ebitda
/operating_model/cells/upside_2027q2_adj_ebitda:upside/kindNonederived
/operating_model/cells/upside_2027q2_adj_ebitda:upside/labelNoneAdjusted EBITDA proxy
/operating_model/cells/upside_2027q2_adj_ebitda:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_adj_ebitda:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_adj_ebitda:upside/valueNone217.200817788
/operating_model/cells/upside_2027q2_awards:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_awards:upside/caseNoneupside
/operating_model/cells/upside_2027q2_awards:upside/idNoneupside_2027q2_awards
/operating_model/cells/upside_2027q2_awards:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_awards:upside/labelNoneEmployee award withholding
/operating_model/cells/upside_2027q2_awards:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_awards:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_awards:upside/valueNone3.0
/operating_model/cells/upside_2027q2_capex:upside/basisNoneIncludes deposits once; not an additional deduction after capex.
/operating_model/cells/upside_2027q2_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q2_capex:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_capex:upside/formula/refs/0Noneupside_2027q2_maintenance_capex
/operating_model/cells/upside_2027q2_capex:upside/formula/refs/1Noneupside_2027q2_power_capex
/operating_model/cells/upside_2027q2_capex:upside/idNoneupside_2027q2_capex
/operating_model/cells/upside_2027q2_capex:upside/kindNonederived
/operating_model/cells/upside_2027q2_capex:upside/labelNoneGross cash PP&E and deposits
/operating_model/cells/upside_2027q2_capex:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_capex:upside/valueNone375.0
/operating_model/cells/upside_2027q2_cash_after_claims:upside/basisNoneBefore new financing, acquisitions, optional buybacks and asset-sale proceeds.
/operating_model/cells/upside_2027q2_cash_after_claims:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cash_after_claims:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_cash_after_claims:upside/formula/refs/0Noneupside_2027q2_fcf
/operating_model/cells/upside_2027q2_cash_after_claims:upside/formula/refs/1Noneupside_2027q2_claims
/operating_model/cells/upside_2027q2_cash_after_claims:upside/idNoneupside_2027q2_cash_after_claims
/operating_model/cells/upside_2027q2_cash_after_claims:upside/kindNonederived
/operating_model/cells/upside_2027q2_cash_after_claims:upside/labelNoneCash after investment and capital claims
/operating_model/cells/upside_2027q2_cash_after_claims:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cash_after_claims:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_cash_after_claims:upside/valueNone-255.87568221200002
/operating_model/cells/upside_2027q2_cash_interest:upside/basisNoneSmall-loan and finance-lease interest, less cash yield; convertible notes have no regular coupon.
/operating_model/cells/upside_2027q2_cash_interest:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cash_interest:upside/idNoneupside_2027q2_cash_interest
/operating_model/cells/upside_2027q2_cash_interest:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_cash_interest:upside/labelNoneCash interest net of investment income
/operating_model/cells/upside_2027q2_cash_interest:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cash_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_cash_interest:upside/valueNone6.0
/operating_model/cells/upside_2027q2_cash_overhead:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_cash_overhead:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cash_overhead:upside/idNoneupside_2027q2_cash_overhead
/operating_model/cells/upside_2027q2_cash_overhead:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_cash_overhead:upside/labelNoneG&A excluding stock compensation
/operating_model/cells/upside_2027q2_cash_overhead:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cash_overhead:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_cash_overhead:upside/valueNone64.5
/operating_model/cells/upside_2027q2_cash_tax:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cash_tax:upside/idNoneupside_2027q2_cash_tax
/operating_model/cells/upside_2027q2_cash_tax:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_cash_tax:upside/labelNoneCash income taxes
/operating_model/cells/upside_2027q2_cash_tax:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_cash_tax:upside/valueNone18.0
/operating_model/cells/upside_2027q2_cfo:upside/basisNoneDoes not repeat noncash investment marks as cash generation.
/operating_model/cells/upside_2027q2_cfo:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cfo:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_cfo:upside/formula/refs/0Noneupside_2027q2_adj_ebitda
/operating_model/cells/upside_2027q2_cfo:upside/formula/refs/1Noneupside_2027q2_cfo_uses
/operating_model/cells/upside_2027q2_cfo:upside/idNoneupside_2027q2_cfo
/operating_model/cells/upside_2027q2_cfo:upside/kindNonederived
/operating_model/cells/upside_2027q2_cfo:upside/labelNoneOperating cash flow proxy
/operating_model/cells/upside_2027q2_cfo:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_cfo:upside/valueNone166.200817788
/operating_model/cells/upside_2027q2_cfo_uses:upside/basisNoneLease principal and TRA remain below CFO; transaction costs remain cash uses.
/operating_model/cells/upside_2027q2_cfo_uses:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cfo_uses:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_cfo_uses:upside/formula/refs/0Noneupside_2027q2_cash_interest
/operating_model/cells/upside_2027q2_cfo_uses:upside/formula/refs/1Noneupside_2027q2_cash_tax
/operating_model/cells/upside_2027q2_cfo_uses:upside/formula/refs/2Noneupside_2027q2_wc_use
/operating_model/cells/upside_2027q2_cfo_uses:upside/formula/refs/3Noneupside_2027q2_transaction
/operating_model/cells/upside_2027q2_cfo_uses:upside/idNoneupside_2027q2_cfo_uses
/operating_model/cells/upside_2027q2_cfo_uses:upside/kindNonederived
/operating_model/cells/upside_2027q2_cfo_uses:upside/labelNoneCash interest taxes working capital and transaction costs
/operating_model/cells/upside_2027q2_cfo_uses:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cfo_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_cfo_uses:upside/valueNone51.0
/operating_model/cells/upside_2027q2_claims:upside/basisNoneFinancing/equity-investment outflows; no new borrowing included.
/operating_model/cells/upside_2027q2_claims:upside/caseNoneupside
/operating_model/cells/upside_2027q2_claims:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_claims:upside/formula/refs/0Noneupside_2027q2_lease_principal
/operating_model/cells/upside_2027q2_claims:upside/formula/refs/1Noneupside_2027q2_tra
/operating_model/cells/upside_2027q2_claims:upside/formula/refs/2Noneupside_2027q2_dividends
/operating_model/cells/upside_2027q2_claims:upside/formula/refs/3Noneupside_2027q2_debt_principal
/operating_model/cells/upside_2027q2_claims:upside/formula/refs/4Noneupside_2027q2_awards
/operating_model/cells/upside_2027q2_claims:upside/formula/refs/5Noneupside_2027q2_investments
/operating_model/cells/upside_2027q2_claims:upside/idNoneupside_2027q2_claims
/operating_model/cells/upside_2027q2_claims:upside/kindNonederived
/operating_model/cells/upside_2027q2_claims:upside/labelNoneAdditional cash uses
/operating_model/cells/upside_2027q2_claims:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_claims:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_claims:upside/valueNone47.0765
/operating_model/cells/upside_2027q2_contribution:upside/basisNoneCompany does not report these as separate historical segments.
/operating_model/cells/upside_2027q2_contribution:upside/caseNoneupside
/operating_model/cells/upside_2027q2_contribution:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_contribution:upside/formula/refs/0Noneupside_2027q2_existing_contribution
/operating_model/cells/upside_2027q2_contribution:upside/formula/refs/1Noneupside_2027q2_power_contribution
/operating_model/cells/upside_2027q2_contribution:upside/idNoneupside_2027q2_contribution
/operating_model/cells/upside_2027q2_contribution:upside/kindNonederived
/operating_model/cells/upside_2027q2_contribution:upside/labelNoneService contribution before overhead and D&A
/operating_model/cells/upside_2027q2_contribution:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_contribution:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_contribution:upside/valueNone281.700817788
/operating_model/cells/upside_2027q2_da:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_da:upside/caseNoneupside
/operating_model/cells/upside_2027q2_da:upside/idNoneupside_2027q2_da
/operating_model/cells/upside_2027q2_da:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_da:upside/labelNoneDepreciation depletion and amortization
/operating_model/cells/upside_2027q2_da:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_da:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_da:upside/valueNone125.0
/operating_model/cells/upside_2027q2_debt_principal:upside/basisNoneRemainder 2026 $4.961M and 2027 $11.906M disclosed debt maturities, evenly allocated.
/operating_model/cells/upside_2027q2_debt_principal:upside/caseNoneupside
/operating_model/cells/upside_2027q2_debt_principal:upside/idNoneupside_2027q2_debt_principal
/operating_model/cells/upside_2027q2_debt_principal:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_debt_principal:upside/labelNoneSmall-loan principal
/operating_model/cells/upside_2027q2_debt_principal:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_debt_principal:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_debt_principal:upside/valueNone2.9765
/operating_model/cells/upside_2027q2_dividends:upside/basisNoneApproximately $0.09 per share quarterly, including allowance for award equivalents; future board declarations required.
/operating_model/cells/upside_2027q2_dividends:upside/caseNoneupside
/operating_model/cells/upside_2027q2_dividends:upside/idNoneupside_2027q2_dividends
/operating_model/cells/upside_2027q2_dividends:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_dividends:upside/labelNoneCommon dividends and equivalents
/operating_model/cells/upside_2027q2_dividends:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_dividends:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_dividends:upside/valueNone15.1
/operating_model/cells/upside_2027q2_existing_contribution:upside/basisNoneCost of services excludes D&A.
/operating_model/cells/upside_2027q2_existing_contribution:upside/caseNoneupside
/operating_model/cells/upside_2027q2_existing_contribution:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q2_existing_contribution:upside/formula/refs/0Noneupside_2027q2_existing_revenue
/operating_model/cells/upside_2027q2_existing_contribution:upside/formula/refs/1Noneupside_2027q2_service_margin
/operating_model/cells/upside_2027q2_existing_contribution:upside/idNoneupside_2027q2_existing_contribution
/operating_model/cells/upside_2027q2_existing_contribution:upside/kindNonederived
/operating_model/cells/upside_2027q2_existing_contribution:upside/labelNoneExisting-business contribution
/operating_model/cells/upside_2027q2_existing_contribution:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_existing_contribution:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_existing_contribution:upside/valueNone281.700817788
/operating_model/cells/upside_2027q2_existing_revenue:upside/basisNoneConsolidated anchor already includes existing power-related activity.
/operating_model/cells/upside_2027q2_existing_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q2_existing_revenue:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q2_existing_revenue:upside/formula/refs/0Noneq2_revenue
/operating_model/cells/upside_2027q2_existing_revenue:upside/formula/refs/1Noneupside_2027q2_activity
/operating_model/cells/upside_2027q2_existing_revenue:upside/formula/refs/2Noneupside_2027q2_price
/operating_model/cells/upside_2027q2_existing_revenue:upside/idNoneupside_2027q2_existing_revenue
/operating_model/cells/upside_2027q2_existing_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q2_existing_revenue:upside/labelNoneExisting business revenue
/operating_model/cells/upside_2027q2_existing_revenue:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_existing_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_existing_revenue:upside/valueNone1444.6195784
/operating_model/cells/upside_2027q2_fcf:upside/basisNoneNo disposal proceeds netted against cash PP&E.
/operating_model/cells/upside_2027q2_fcf:upside/caseNoneupside
/operating_model/cells/upside_2027q2_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_fcf:upside/formula/refs/0Noneupside_2027q2_cfo
/operating_model/cells/upside_2027q2_fcf:upside/formula/refs/1Noneupside_2027q2_capex
/operating_model/cells/upside_2027q2_fcf:upside/idNoneupside_2027q2_fcf
/operating_model/cells/upside_2027q2_fcf:upside/kindNonederived
/operating_model/cells/upside_2027q2_fcf:upside/labelNoneCFO less gross PP&E
/operating_model/cells/upside_2027q2_fcf:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_fcf:upside/valueNone-208.799182212
/operating_model/cells/upside_2027q2_gaap_deductions:upside/basisNoneNo investment fair-value gains in operating earnings.
/operating_model/cells/upside_2027q2_gaap_deductions:upside/caseNoneupside
/operating_model/cells/upside_2027q2_gaap_deductions:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_gaap_deductions:upside/formula/refs/0Noneupside_2027q2_sbc
/operating_model/cells/upside_2027q2_gaap_deductions:upside/formula/refs/1Noneupside_2027q2_da
/operating_model/cells/upside_2027q2_gaap_deductions:upside/formula/refs/2Noneupside_2027q2_transaction
/operating_model/cells/upside_2027q2_gaap_deductions:upside/idNoneupside_2027q2_gaap_deductions
/operating_model/cells/upside_2027q2_gaap_deductions:upside/kindNonederived
/operating_model/cells/upside_2027q2_gaap_deductions:upside/labelNoneD&A, equity expense and transaction costs
/operating_model/cells/upside_2027q2_gaap_deductions:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_gaap_deductions:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_gaap_deductions:upside/valueNone138.2
/operating_model/cells/upside_2027q2_investments:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_investments:upside/caseNoneupside
/operating_model/cells/upside_2027q2_investments:upside/idNoneupside_2027q2_investments
/operating_model/cells/upside_2027q2_investments:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_investments:upside/labelNoneEquity investment purchases
/operating_model/cells/upside_2027q2_investments:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_investments:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_investments:upside/valueNone7.0
/operating_model/cells/upside_2027q2_lease_principal:upside/basisNoneDesk allocation informed by remaining 2026 gross lease payments $79.705M and 2027 $87.432M, including interest. Interest is separately in CFO.
/operating_model/cells/upside_2027q2_lease_principal:upside/caseNoneupside
/operating_model/cells/upside_2027q2_lease_principal:upside/idNoneupside_2027q2_lease_principal
/operating_model/cells/upside_2027q2_lease_principal:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_lease_principal:upside/labelNoneFinance-lease principal
/operating_model/cells/upside_2027q2_lease_principal:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_lease_principal:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_lease_principal:upside/valueNone19.0
/operating_model/cells/upside_2027q2_maintenance_capex:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_maintenance_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q2_maintenance_capex:upside/idNoneupside_2027q2_maintenance_capex
/operating_model/cells/upside_2027q2_maintenance_capex:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_maintenance_capex:upside/labelNoneExisting fleet and other PP&E cash
/operating_model/cells/upside_2027q2_maintenance_capex:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_maintenance_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_maintenance_capex:upside/valueNone125.0
/operating_model/cells/upside_2027q2_new_power:upside/basisNoneDesk revenue sensitivity only; no customer contract revenue per MW was disclosed for PowerBridge.
/operating_model/cells/upside_2027q2_new_power:upside/caseNoneupside
/operating_model/cells/upside_2027q2_new_power:upside/idNoneupside_2027q2_new_power
/operating_model/cells/upside_2027q2_new_power:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_new_power:upside/labelNoneIncremental new-project power revenue
/operating_model/cells/upside_2027q2_new_power:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_new_power:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_new_power:upside/valueNone0.0
/operating_model/cells/upside_2027q2_operating_income:upside/basisNoneAssumes no net disposal gain/loss or impairment; separate downside risks.
/operating_model/cells/upside_2027q2_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2027q2_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_operating_income:upside/formula/refs/0Noneupside_2027q2_adj_ebitda
/operating_model/cells/upside_2027q2_operating_income:upside/formula/refs/1Noneupside_2027q2_gaap_deductions
/operating_model/cells/upside_2027q2_operating_income:upside/idNoneupside_2027q2_operating_income
/operating_model/cells/upside_2027q2_operating_income:upside/kindNonederived
/operating_model/cells/upside_2027q2_operating_income:upside/labelNoneGAAP operating income proxy
/operating_model/cells/upside_2027q2_operating_income:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_operating_income:upside/valueNone79.000817788
/operating_model/cells/upside_2027q2_power_capex:upside/basisNoneScenario allocation within aggregate capex; redacted equipment milestones prevent an exact contractual schedule.
/operating_model/cells/upside_2027q2_power_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q2_power_capex:upside/idNoneupside_2027q2_power_capex
/operating_model/cells/upside_2027q2_power_capex:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_power_capex:upside/labelNonePower engines deposits and buildout cash
/operating_model/cells/upside_2027q2_power_capex:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_power_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_power_capex:upside/valueNone250.0
/operating_model/cells/upside_2027q2_power_contribution:upside/basisNoneIncremental modeled operations only.
/operating_model/cells/upside_2027q2_power_contribution:upside/caseNoneupside
/operating_model/cells/upside_2027q2_power_contribution:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q2_power_contribution:upside/formula/refs/0Noneupside_2027q2_new_power
/operating_model/cells/upside_2027q2_power_contribution:upside/formula/refs/1Noneupside_2027q2_power_margin
/operating_model/cells/upside_2027q2_power_contribution:upside/idNoneupside_2027q2_power_contribution
/operating_model/cells/upside_2027q2_power_contribution:upside/kindNonederived
/operating_model/cells/upside_2027q2_power_contribution:upside/labelNoneNew power contribution
/operating_model/cells/upside_2027q2_power_contribution:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_power_contribution:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_power_contribution:upside/valueNone0.0
/operating_model/cells/upside_2027q2_power_margin:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_power_margin:upside/caseNoneupside
/operating_model/cells/upside_2027q2_power_margin:upside/idNoneupside_2027q2_power_margin
/operating_model/cells/upside_2027q2_power_margin:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_power_margin:upside/labelNoneIncremental power contribution margin
/operating_model/cells/upside_2027q2_power_margin:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_power_margin:upside/unitNoneratio
/operating_model/cells/upside_2027q2_power_margin:upside/valueNone0.32
/operating_model/cells/upside_2027q2_price:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_price:upside/caseNoneupside
/operating_model/cells/upside_2027q2_price:upside/idNoneupside_2027q2_price
/operating_model/cells/upside_2027q2_price:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_price:upside/labelNonePricing/mix versus Q2
/operating_model/cells/upside_2027q2_price:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_price:upside/unitNoneratio
/operating_model/cells/upside_2027q2_price:upside/valueNone1.03
/operating_model/cells/upside_2027q2_revenue:upside/basisNoneNo revenue from buying engines or announcing capacity.
/operating_model/cells/upside_2027q2_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q2_revenue:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_revenue:upside/formula/refs/0Noneupside_2027q2_existing_revenue
/operating_model/cells/upside_2027q2_revenue:upside/formula/refs/1Noneupside_2027q2_new_power
/operating_model/cells/upside_2027q2_revenue:upside/idNoneupside_2027q2_revenue
/operating_model/cells/upside_2027q2_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q2_revenue:upside/labelNoneConsolidated revenue
/operating_model/cells/upside_2027q2_revenue:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_revenue:upside/valueNone1444.6195784
/operating_model/cells/upside_2027q2_sbc:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_sbc:upside/caseNoneupside
/operating_model/cells/upside_2027q2_sbc:upside/idNoneupside_2027q2_sbc
/operating_model/cells/upside_2027q2_sbc:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_sbc:upside/labelNoneStock compensation expense
/operating_model/cells/upside_2027q2_sbc:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_sbc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_sbc:upside/valueNone11.2
/operating_model/cells/upside_2027q2_service_margin:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_service_margin:upside/caseNoneupside
/operating_model/cells/upside_2027q2_service_margin:upside/idNoneupside_2027q2_service_margin
/operating_model/cells/upside_2027q2_service_margin:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_service_margin:upside/labelNoneService contribution margin
/operating_model/cells/upside_2027q2_service_margin:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_service_margin:upside/unitNoneratio
/operating_model/cells/upside_2027q2_service_margin:upside/valueNone0.195
/operating_model/cells/upside_2027q2_tra:upside/basisNoneDesk cash allowance, not a conclusion that the $66.870M liability is extinguished.
/operating_model/cells/upside_2027q2_tra:upside/caseNoneupside
/operating_model/cells/upside_2027q2_tra:upside/idNoneupside_2027q2_tra
/operating_model/cells/upside_2027q2_tra:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_tra:upside/labelNoneTRA cash payment
/operating_model/cells/upside_2027q2_tra:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_tra:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_tra:upside/valueNone0.0
/operating_model/cells/upside_2027q2_transaction:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_transaction:upside/caseNoneupside
/operating_model/cells/upside_2027q2_transaction:upside/idNoneupside_2027q2_transaction
/operating_model/cells/upside_2027q2_transaction:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_transaction:upside/labelNoneTransaction and other operating expense
/operating_model/cells/upside_2027q2_transaction:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_transaction:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_transaction:upside/valueNone2.0
/operating_model/cells/upside_2027q2_wc_use:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q2_wc_use:upside/caseNoneupside
/operating_model/cells/upside_2027q2_wc_use:upside/idNoneupside_2027q2_wc_use
/operating_model/cells/upside_2027q2_wc_use:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_wc_use:upside/labelNoneNet operating working-capital use
/operating_model/cells/upside_2027q2_wc_use:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_wc_use:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_wc_use:upside/valueNone25.0
/operating_model/cells/upside_2027q3_activity:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_activity:upside/caseNoneupside
/operating_model/cells/upside_2027q3_activity:upside/idNoneupside_2027q3_activity
/operating_model/cells/upside_2027q3_activity:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_activity:upside/labelNoneActivity versus Q2
/operating_model/cells/upside_2027q3_activity:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_activity:upside/unitNoneratio
/operating_model/cells/upside_2027q3_activity:upside/valueNone1.22
/operating_model/cells/upside_2027q3_adj_ebitda:upside/basisNoneExcludes equity compensation, D&A and modeled nonrecurring transaction costs; ordinary operating costs remain.
/operating_model/cells/upside_2027q3_adj_ebitda:upside/caseNoneupside
/operating_model/cells/upside_2027q3_adj_ebitda:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_adj_ebitda:upside/formula/refs/0Noneupside_2027q3_contribution
/operating_model/cells/upside_2027q3_adj_ebitda:upside/formula/refs/1Noneupside_2027q3_cash_overhead
/operating_model/cells/upside_2027q3_adj_ebitda:upside/idNoneupside_2027q3_adj_ebitda
/operating_model/cells/upside_2027q3_adj_ebitda:upside/kindNonederived
/operating_model/cells/upside_2027q3_adj_ebitda:upside/labelNoneAdjusted EBITDA proxy
/operating_model/cells/upside_2027q3_adj_ebitda:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_adj_ebitda:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_adj_ebitda:upside/valueNone228.449998052
/operating_model/cells/upside_2027q3_awards:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_awards:upside/caseNoneupside
/operating_model/cells/upside_2027q3_awards:upside/idNoneupside_2027q3_awards
/operating_model/cells/upside_2027q3_awards:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_awards:upside/labelNoneEmployee award withholding
/operating_model/cells/upside_2027q3_awards:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_awards:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_awards:upside/valueNone3.0
/operating_model/cells/upside_2027q3_capex:upside/basisNoneIncludes deposits once; not an additional deduction after capex.
/operating_model/cells/upside_2027q3_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q3_capex:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_capex:upside/formula/refs/0Noneupside_2027q3_maintenance_capex
/operating_model/cells/upside_2027q3_capex:upside/formula/refs/1Noneupside_2027q3_power_capex
/operating_model/cells/upside_2027q3_capex:upside/idNoneupside_2027q3_capex
/operating_model/cells/upside_2027q3_capex:upside/kindNonederived
/operating_model/cells/upside_2027q3_capex:upside/labelNoneGross cash PP&E and deposits
/operating_model/cells/upside_2027q3_capex:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_capex:upside/valueNone375.0
/operating_model/cells/upside_2027q3_cash_after_claims:upside/basisNoneBefore new financing, acquisitions, optional buybacks and asset-sale proceeds.
/operating_model/cells/upside_2027q3_cash_after_claims:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cash_after_claims:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_cash_after_claims:upside/formula/refs/0Noneupside_2027q3_fcf
/operating_model/cells/upside_2027q3_cash_after_claims:upside/formula/refs/1Noneupside_2027q3_claims
/operating_model/cells/upside_2027q3_cash_after_claims:upside/idNoneupside_2027q3_cash_after_claims
/operating_model/cells/upside_2027q3_cash_after_claims:upside/kindNonederived
/operating_model/cells/upside_2027q3_cash_after_claims:upside/labelNoneCash after investment and capital claims
/operating_model/cells/upside_2027q3_cash_after_claims:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cash_after_claims:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_cash_after_claims:upside/valueNone-251.626501948
/operating_model/cells/upside_2027q3_cash_interest:upside/basisNoneSmall-loan and finance-lease interest, less cash yield; convertible notes have no regular coupon.
/operating_model/cells/upside_2027q3_cash_interest:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cash_interest:upside/idNoneupside_2027q3_cash_interest
/operating_model/cells/upside_2027q3_cash_interest:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_cash_interest:upside/labelNoneCash interest net of investment income
/operating_model/cells/upside_2027q3_cash_interest:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cash_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_cash_interest:upside/valueNone6.0
/operating_model/cells/upside_2027q3_cash_overhead:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_cash_overhead:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cash_overhead:upside/idNoneupside_2027q3_cash_overhead
/operating_model/cells/upside_2027q3_cash_overhead:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_cash_overhead:upside/labelNoneG&A excluding stock compensation
/operating_model/cells/upside_2027q3_cash_overhead:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cash_overhead:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_cash_overhead:upside/valueNone66.0
/operating_model/cells/upside_2027q3_cash_tax:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cash_tax:upside/idNoneupside_2027q3_cash_tax
/operating_model/cells/upside_2027q3_cash_tax:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_cash_tax:upside/labelNoneCash income taxes
/operating_model/cells/upside_2027q3_cash_tax:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_cash_tax:upside/valueNone20.0
/operating_model/cells/upside_2027q3_cfo:upside/basisNoneDoes not repeat noncash investment marks as cash generation.
/operating_model/cells/upside_2027q3_cfo:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cfo:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_cfo:upside/formula/refs/0Noneupside_2027q3_adj_ebitda
/operating_model/cells/upside_2027q3_cfo:upside/formula/refs/1Noneupside_2027q3_cfo_uses
/operating_model/cells/upside_2027q3_cfo:upside/idNoneupside_2027q3_cfo
/operating_model/cells/upside_2027q3_cfo:upside/kindNonederived
/operating_model/cells/upside_2027q3_cfo:upside/labelNoneOperating cash flow proxy
/operating_model/cells/upside_2027q3_cfo:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_cfo:upside/valueNone170.449998052
/operating_model/cells/upside_2027q3_cfo_uses:upside/basisNoneLease principal and TRA remain below CFO; transaction costs remain cash uses.
/operating_model/cells/upside_2027q3_cfo_uses:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cfo_uses:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_cfo_uses:upside/formula/refs/0Noneupside_2027q3_cash_interest
/operating_model/cells/upside_2027q3_cfo_uses:upside/formula/refs/1Noneupside_2027q3_cash_tax
/operating_model/cells/upside_2027q3_cfo_uses:upside/formula/refs/2Noneupside_2027q3_wc_use
/operating_model/cells/upside_2027q3_cfo_uses:upside/formula/refs/3Noneupside_2027q3_transaction
/operating_model/cells/upside_2027q3_cfo_uses:upside/idNoneupside_2027q3_cfo_uses
/operating_model/cells/upside_2027q3_cfo_uses:upside/kindNonederived
/operating_model/cells/upside_2027q3_cfo_uses:upside/labelNoneCash interest taxes working capital and transaction costs
/operating_model/cells/upside_2027q3_cfo_uses:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cfo_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_cfo_uses:upside/valueNone58.0
/operating_model/cells/upside_2027q3_claims:upside/basisNoneFinancing/equity-investment outflows; no new borrowing included.
/operating_model/cells/upside_2027q3_claims:upside/caseNoneupside
/operating_model/cells/upside_2027q3_claims:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_claims:upside/formula/refs/0Noneupside_2027q3_lease_principal
/operating_model/cells/upside_2027q3_claims:upside/formula/refs/1Noneupside_2027q3_tra
/operating_model/cells/upside_2027q3_claims:upside/formula/refs/2Noneupside_2027q3_dividends
/operating_model/cells/upside_2027q3_claims:upside/formula/refs/3Noneupside_2027q3_debt_principal
/operating_model/cells/upside_2027q3_claims:upside/formula/refs/4Noneupside_2027q3_awards
/operating_model/cells/upside_2027q3_claims:upside/formula/refs/5Noneupside_2027q3_investments
/operating_model/cells/upside_2027q3_claims:upside/idNoneupside_2027q3_claims
/operating_model/cells/upside_2027q3_claims:upside/kindNonederived
/operating_model/cells/upside_2027q3_claims:upside/labelNoneAdditional cash uses
/operating_model/cells/upside_2027q3_claims:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_claims:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_claims:upside/valueNone47.0765
/operating_model/cells/upside_2027q3_contribution:upside/basisNoneCompany does not report these as separate historical segments.
/operating_model/cells/upside_2027q3_contribution:upside/caseNoneupside
/operating_model/cells/upside_2027q3_contribution:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_contribution:upside/formula/refs/0Noneupside_2027q3_existing_contribution
/operating_model/cells/upside_2027q3_contribution:upside/formula/refs/1Noneupside_2027q3_power_contribution
/operating_model/cells/upside_2027q3_contribution:upside/idNoneupside_2027q3_contribution
/operating_model/cells/upside_2027q3_contribution:upside/kindNonederived
/operating_model/cells/upside_2027q3_contribution:upside/labelNoneService contribution before overhead and D&A
/operating_model/cells/upside_2027q3_contribution:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_contribution:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_contribution:upside/valueNone294.449998052
/operating_model/cells/upside_2027q3_da:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_da:upside/caseNoneupside
/operating_model/cells/upside_2027q3_da:upside/idNoneupside_2027q3_da
/operating_model/cells/upside_2027q3_da:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_da:upside/labelNoneDepreciation depletion and amortization
/operating_model/cells/upside_2027q3_da:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_da:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_da:upside/valueNone128.0
/operating_model/cells/upside_2027q3_debt_principal:upside/basisNoneRemainder 2026 $4.961M and 2027 $11.906M disclosed debt maturities, evenly allocated.
/operating_model/cells/upside_2027q3_debt_principal:upside/caseNoneupside
/operating_model/cells/upside_2027q3_debt_principal:upside/idNoneupside_2027q3_debt_principal
/operating_model/cells/upside_2027q3_debt_principal:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_debt_principal:upside/labelNoneSmall-loan principal
/operating_model/cells/upside_2027q3_debt_principal:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_debt_principal:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_debt_principal:upside/valueNone2.9765
/operating_model/cells/upside_2027q3_dividends:upside/basisNoneApproximately $0.09 per share quarterly, including allowance for award equivalents; future board declarations required.
/operating_model/cells/upside_2027q3_dividends:upside/caseNoneupside
/operating_model/cells/upside_2027q3_dividends:upside/idNoneupside_2027q3_dividends
/operating_model/cells/upside_2027q3_dividends:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_dividends:upside/labelNoneCommon dividends and equivalents
/operating_model/cells/upside_2027q3_dividends:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_dividends:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_dividends:upside/valueNone15.1
/operating_model/cells/upside_2027q3_existing_contribution:upside/basisNoneCost of services excludes D&A.
/operating_model/cells/upside_2027q3_existing_contribution:upside/caseNoneupside
/operating_model/cells/upside_2027q3_existing_contribution:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q3_existing_contribution:upside/formula/refs/0Noneupside_2027q3_existing_revenue
/operating_model/cells/upside_2027q3_existing_contribution:upside/formula/refs/1Noneupside_2027q3_service_margin
/operating_model/cells/upside_2027q3_existing_contribution:upside/idNoneupside_2027q3_existing_contribution
/operating_model/cells/upside_2027q3_existing_contribution:upside/kindNonederived
/operating_model/cells/upside_2027q3_existing_contribution:upside/labelNoneExisting-business contribution
/operating_model/cells/upside_2027q3_existing_contribution:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_existing_contribution:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_existing_contribution:upside/valueNone291.249998052
/operating_model/cells/upside_2027q3_existing_revenue:upside/basisNoneConsolidated anchor already includes existing power-related activity.
/operating_model/cells/upside_2027q3_existing_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q3_existing_revenue:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q3_existing_revenue:upside/formula/refs/0Noneq2_revenue
/operating_model/cells/upside_2027q3_existing_revenue:upside/formula/refs/1Noneupside_2027q3_activity
/operating_model/cells/upside_2027q3_existing_revenue:upside/formula/refs/2Noneupside_2027q3_price
/operating_model/cells/upside_2027q3_existing_revenue:upside/idNoneupside_2027q3_existing_revenue
/operating_model/cells/upside_2027q3_existing_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q3_existing_revenue:upside/labelNoneExisting business revenue
/operating_model/cells/upside_2027q3_existing_revenue:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_existing_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_existing_revenue:upside/valueNone1493.5897336
/operating_model/cells/upside_2027q3_fcf:upside/basisNoneNo disposal proceeds netted against cash PP&E.
/operating_model/cells/upside_2027q3_fcf:upside/caseNoneupside
/operating_model/cells/upside_2027q3_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_fcf:upside/formula/refs/0Noneupside_2027q3_cfo
/operating_model/cells/upside_2027q3_fcf:upside/formula/refs/1Noneupside_2027q3_capex
/operating_model/cells/upside_2027q3_fcf:upside/idNoneupside_2027q3_fcf
/operating_model/cells/upside_2027q3_fcf:upside/kindNonederived
/operating_model/cells/upside_2027q3_fcf:upside/labelNoneCFO less gross PP&E
/operating_model/cells/upside_2027q3_fcf:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_fcf:upside/valueNone-204.550001948
/operating_model/cells/upside_2027q3_gaap_deductions:upside/basisNoneNo investment fair-value gains in operating earnings.
/operating_model/cells/upside_2027q3_gaap_deductions:upside/caseNoneupside
/operating_model/cells/upside_2027q3_gaap_deductions:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_gaap_deductions:upside/formula/refs/0Noneupside_2027q3_sbc
/operating_model/cells/upside_2027q3_gaap_deductions:upside/formula/refs/1Noneupside_2027q3_da
/operating_model/cells/upside_2027q3_gaap_deductions:upside/formula/refs/2Noneupside_2027q3_transaction
/operating_model/cells/upside_2027q3_gaap_deductions:upside/idNoneupside_2027q3_gaap_deductions
/operating_model/cells/upside_2027q3_gaap_deductions:upside/kindNonederived
/operating_model/cells/upside_2027q3_gaap_deductions:upside/labelNoneD&A, equity expense and transaction costs
/operating_model/cells/upside_2027q3_gaap_deductions:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_gaap_deductions:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_gaap_deductions:upside/valueNone141.6
/operating_model/cells/upside_2027q3_investments:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_investments:upside/caseNoneupside
/operating_model/cells/upside_2027q3_investments:upside/idNoneupside_2027q3_investments
/operating_model/cells/upside_2027q3_investments:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_investments:upside/labelNoneEquity investment purchases
/operating_model/cells/upside_2027q3_investments:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_investments:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_investments:upside/valueNone7.0
/operating_model/cells/upside_2027q3_lease_principal:upside/basisNoneDesk allocation informed by remaining 2026 gross lease payments $79.705M and 2027 $87.432M, including interest. Interest is separately in CFO.
/operating_model/cells/upside_2027q3_lease_principal:upside/caseNoneupside
/operating_model/cells/upside_2027q3_lease_principal:upside/idNoneupside_2027q3_lease_principal
/operating_model/cells/upside_2027q3_lease_principal:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_lease_principal:upside/labelNoneFinance-lease principal
/operating_model/cells/upside_2027q3_lease_principal:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_lease_principal:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_lease_principal:upside/valueNone19.0
/operating_model/cells/upside_2027q3_maintenance_capex:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_maintenance_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q3_maintenance_capex:upside/idNoneupside_2027q3_maintenance_capex
/operating_model/cells/upside_2027q3_maintenance_capex:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_maintenance_capex:upside/labelNoneExisting fleet and other PP&E cash
/operating_model/cells/upside_2027q3_maintenance_capex:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_maintenance_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_maintenance_capex:upside/valueNone125.0
/operating_model/cells/upside_2027q3_new_power:upside/basisNoneDesk revenue sensitivity only; no customer contract revenue per MW was disclosed for PowerBridge.
/operating_model/cells/upside_2027q3_new_power:upside/caseNoneupside
/operating_model/cells/upside_2027q3_new_power:upside/idNoneupside_2027q3_new_power
/operating_model/cells/upside_2027q3_new_power:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_new_power:upside/labelNoneIncremental new-project power revenue
/operating_model/cells/upside_2027q3_new_power:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_new_power:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_new_power:upside/valueNone10.0
/operating_model/cells/upside_2027q3_operating_income:upside/basisNoneAssumes no net disposal gain/loss or impairment; separate downside risks.
/operating_model/cells/upside_2027q3_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2027q3_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_operating_income:upside/formula/refs/0Noneupside_2027q3_adj_ebitda
/operating_model/cells/upside_2027q3_operating_income:upside/formula/refs/1Noneupside_2027q3_gaap_deductions
/operating_model/cells/upside_2027q3_operating_income:upside/idNoneupside_2027q3_operating_income
/operating_model/cells/upside_2027q3_operating_income:upside/kindNonederived
/operating_model/cells/upside_2027q3_operating_income:upside/labelNoneGAAP operating income proxy
/operating_model/cells/upside_2027q3_operating_income:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_operating_income:upside/valueNone86.84999805200002
/operating_model/cells/upside_2027q3_power_capex:upside/basisNoneScenario allocation within aggregate capex; redacted equipment milestones prevent an exact contractual schedule.
/operating_model/cells/upside_2027q3_power_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q3_power_capex:upside/idNoneupside_2027q3_power_capex
/operating_model/cells/upside_2027q3_power_capex:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_power_capex:upside/labelNonePower engines deposits and buildout cash
/operating_model/cells/upside_2027q3_power_capex:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_power_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_power_capex:upside/valueNone250.0
/operating_model/cells/upside_2027q3_power_contribution:upside/basisNoneIncremental modeled operations only.
/operating_model/cells/upside_2027q3_power_contribution:upside/caseNoneupside
/operating_model/cells/upside_2027q3_power_contribution:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q3_power_contribution:upside/formula/refs/0Noneupside_2027q3_new_power
/operating_model/cells/upside_2027q3_power_contribution:upside/formula/refs/1Noneupside_2027q3_power_margin
/operating_model/cells/upside_2027q3_power_contribution:upside/idNoneupside_2027q3_power_contribution
/operating_model/cells/upside_2027q3_power_contribution:upside/kindNonederived
/operating_model/cells/upside_2027q3_power_contribution:upside/labelNoneNew power contribution
/operating_model/cells/upside_2027q3_power_contribution:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_power_contribution:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_power_contribution:upside/valueNone3.2
/operating_model/cells/upside_2027q3_power_margin:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_power_margin:upside/caseNoneupside
/operating_model/cells/upside_2027q3_power_margin:upside/idNoneupside_2027q3_power_margin
/operating_model/cells/upside_2027q3_power_margin:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_power_margin:upside/labelNoneIncremental power contribution margin
/operating_model/cells/upside_2027q3_power_margin:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_power_margin:upside/unitNoneratio
/operating_model/cells/upside_2027q3_power_margin:upside/valueNone0.32
/operating_model/cells/upside_2027q3_price:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_price:upside/caseNoneupside
/operating_model/cells/upside_2027q3_price:upside/idNoneupside_2027q3_price
/operating_model/cells/upside_2027q3_price:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_price:upside/labelNonePricing/mix versus Q2
/operating_model/cells/upside_2027q3_price:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_price:upside/unitNoneratio
/operating_model/cells/upside_2027q3_price:upside/valueNone1.03
/operating_model/cells/upside_2027q3_revenue:upside/basisNoneNo revenue from buying engines or announcing capacity.
/operating_model/cells/upside_2027q3_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q3_revenue:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_revenue:upside/formula/refs/0Noneupside_2027q3_existing_revenue
/operating_model/cells/upside_2027q3_revenue:upside/formula/refs/1Noneupside_2027q3_new_power
/operating_model/cells/upside_2027q3_revenue:upside/idNoneupside_2027q3_revenue
/operating_model/cells/upside_2027q3_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q3_revenue:upside/labelNoneConsolidated revenue
/operating_model/cells/upside_2027q3_revenue:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_revenue:upside/valueNone1503.5897336
/operating_model/cells/upside_2027q3_sbc:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_sbc:upside/caseNoneupside
/operating_model/cells/upside_2027q3_sbc:upside/idNoneupside_2027q3_sbc
/operating_model/cells/upside_2027q3_sbc:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_sbc:upside/labelNoneStock compensation expense
/operating_model/cells/upside_2027q3_sbc:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_sbc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_sbc:upside/valueNone11.6
/operating_model/cells/upside_2027q3_service_margin:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_service_margin:upside/caseNoneupside
/operating_model/cells/upside_2027q3_service_margin:upside/idNoneupside_2027q3_service_margin
/operating_model/cells/upside_2027q3_service_margin:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_service_margin:upside/labelNoneService contribution margin
/operating_model/cells/upside_2027q3_service_margin:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_service_margin:upside/unitNoneratio
/operating_model/cells/upside_2027q3_service_margin:upside/valueNone0.195
/operating_model/cells/upside_2027q3_tra:upside/basisNoneDesk cash allowance, not a conclusion that the $66.870M liability is extinguished.
/operating_model/cells/upside_2027q3_tra:upside/caseNoneupside
/operating_model/cells/upside_2027q3_tra:upside/idNoneupside_2027q3_tra
/operating_model/cells/upside_2027q3_tra:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_tra:upside/labelNoneTRA cash payment
/operating_model/cells/upside_2027q3_tra:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_tra:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_tra:upside/valueNone0.0
/operating_model/cells/upside_2027q3_transaction:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_transaction:upside/caseNoneupside
/operating_model/cells/upside_2027q3_transaction:upside/idNoneupside_2027q3_transaction
/operating_model/cells/upside_2027q3_transaction:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_transaction:upside/labelNoneTransaction and other operating expense
/operating_model/cells/upside_2027q3_transaction:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_transaction:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_transaction:upside/valueNone2.0
/operating_model/cells/upside_2027q3_wc_use:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q3_wc_use:upside/caseNoneupside
/operating_model/cells/upside_2027q3_wc_use:upside/idNoneupside_2027q3_wc_use
/operating_model/cells/upside_2027q3_wc_use:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_wc_use:upside/labelNoneNet operating working-capital use
/operating_model/cells/upside_2027q3_wc_use:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_wc_use:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_wc_use:upside/valueNone30.0
/operating_model/cells/upside_2027q4_activity:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_activity:upside/caseNoneupside
/operating_model/cells/upside_2027q4_activity:upside/idNoneupside_2027q4_activity
/operating_model/cells/upside_2027q4_activity:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_activity:upside/labelNoneActivity versus Q2
/operating_model/cells/upside_2027q4_activity:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_activity:upside/unitNoneratio
/operating_model/cells/upside_2027q4_activity:upside/valueNone1.2
/operating_model/cells/upside_2027q4_adj_ebitda:upside/basisNoneExcludes equity compensation, D&A and modeled nonrecurring transaction costs; ordinary operating costs remain.
/operating_model/cells/upside_2027q4_adj_ebitda:upside/caseNoneupside
/operating_model/cells/upside_2027q4_adj_ebitda:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_adj_ebitda:upside/formula/refs/0Noneupside_2027q4_contribution
/operating_model/cells/upside_2027q4_adj_ebitda:upside/formula/refs/1Noneupside_2027q4_cash_overhead
/operating_model/cells/upside_2027q4_adj_ebitda:upside/idNoneupside_2027q4_adj_ebitda
/operating_model/cells/upside_2027q4_adj_ebitda:upside/kindNonederived
/operating_model/cells/upside_2027q4_adj_ebitda:upside/labelNoneAdjusted EBITDA proxy
/operating_model/cells/upside_2027q4_adj_ebitda:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_adj_ebitda:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_adj_ebitda:upside/valueNone233.37540792
/operating_model/cells/upside_2027q4_awards:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_awards:upside/caseNoneupside
/operating_model/cells/upside_2027q4_awards:upside/idNoneupside_2027q4_awards
/operating_model/cells/upside_2027q4_awards:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_awards:upside/labelNoneEmployee award withholding
/operating_model/cells/upside_2027q4_awards:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_awards:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_awards:upside/valueNone3.0
/operating_model/cells/upside_2027q4_capex:upside/basisNoneIncludes deposits once; not an additional deduction after capex.
/operating_model/cells/upside_2027q4_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q4_capex:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_capex:upside/formula/refs/0Noneupside_2027q4_maintenance_capex
/operating_model/cells/upside_2027q4_capex:upside/formula/refs/1Noneupside_2027q4_power_capex
/operating_model/cells/upside_2027q4_capex:upside/idNoneupside_2027q4_capex
/operating_model/cells/upside_2027q4_capex:upside/kindNonederived
/operating_model/cells/upside_2027q4_capex:upside/labelNoneGross cash PP&E and deposits
/operating_model/cells/upside_2027q4_capex:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_capex:upside/valueNone345.0
/operating_model/cells/upside_2027q4_cash_after_claims:upside/basisNoneBefore new financing, acquisitions, optional buybacks and asset-sale proceeds.
/operating_model/cells/upside_2027q4_cash_after_claims:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cash_after_claims:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_cash_after_claims:upside/formula/refs/0Noneupside_2027q4_fcf
/operating_model/cells/upside_2027q4_cash_after_claims:upside/formula/refs/1Noneupside_2027q4_claims
/operating_model/cells/upside_2027q4_cash_after_claims:upside/idNoneupside_2027q4_cash_after_claims
/operating_model/cells/upside_2027q4_cash_after_claims:upside/kindNonederived
/operating_model/cells/upside_2027q4_cash_after_claims:upside/labelNoneCash after investment and capital claims
/operating_model/cells/upside_2027q4_cash_after_claims:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cash_after_claims:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_cash_after_claims:upside/valueNone-203.70109208000002
/operating_model/cells/upside_2027q4_cash_interest:upside/basisNoneSmall-loan and finance-lease interest, less cash yield; convertible notes have no regular coupon.
/operating_model/cells/upside_2027q4_cash_interest:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cash_interest:upside/idNoneupside_2027q4_cash_interest
/operating_model/cells/upside_2027q4_cash_interest:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_cash_interest:upside/labelNoneCash interest net of investment income
/operating_model/cells/upside_2027q4_cash_interest:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cash_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_cash_interest:upside/valueNone6.0
/operating_model/cells/upside_2027q4_cash_overhead:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_cash_overhead:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cash_overhead:upside/idNoneupside_2027q4_cash_overhead
/operating_model/cells/upside_2027q4_cash_overhead:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_cash_overhead:upside/labelNoneG&A excluding stock compensation
/operating_model/cells/upside_2027q4_cash_overhead:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cash_overhead:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_cash_overhead:upside/valueNone67.5
/operating_model/cells/upside_2027q4_cash_tax:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cash_tax:upside/idNoneupside_2027q4_cash_tax
/operating_model/cells/upside_2027q4_cash_tax:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_cash_tax:upside/labelNoneCash income taxes
/operating_model/cells/upside_2027q4_cash_tax:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_cash_tax:upside/valueNone22.0
/operating_model/cells/upside_2027q4_cfo:upside/basisNoneDoes not repeat noncash investment marks as cash generation.
/operating_model/cells/upside_2027q4_cfo:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cfo:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_cfo:upside/formula/refs/0Noneupside_2027q4_adj_ebitda
/operating_model/cells/upside_2027q4_cfo:upside/formula/refs/1Noneupside_2027q4_cfo_uses
/operating_model/cells/upside_2027q4_cfo:upside/idNoneupside_2027q4_cfo
/operating_model/cells/upside_2027q4_cfo:upside/kindNonederived
/operating_model/cells/upside_2027q4_cfo:upside/labelNoneOperating cash flow proxy
/operating_model/cells/upside_2027q4_cfo:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_cfo:upside/valueNone188.37540792
/operating_model/cells/upside_2027q4_cfo_uses:upside/basisNoneLease principal and TRA remain below CFO; transaction costs remain cash uses.
/operating_model/cells/upside_2027q4_cfo_uses:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cfo_uses:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_cfo_uses:upside/formula/refs/0Noneupside_2027q4_cash_interest
/operating_model/cells/upside_2027q4_cfo_uses:upside/formula/refs/1Noneupside_2027q4_cash_tax
/operating_model/cells/upside_2027q4_cfo_uses:upside/formula/refs/2Noneupside_2027q4_wc_use
/operating_model/cells/upside_2027q4_cfo_uses:upside/formula/refs/3Noneupside_2027q4_transaction
/operating_model/cells/upside_2027q4_cfo_uses:upside/idNoneupside_2027q4_cfo_uses
/operating_model/cells/upside_2027q4_cfo_uses:upside/kindNonederived
/operating_model/cells/upside_2027q4_cfo_uses:upside/labelNoneCash interest taxes working capital and transaction costs
/operating_model/cells/upside_2027q4_cfo_uses:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cfo_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_cfo_uses:upside/valueNone45.0
/operating_model/cells/upside_2027q4_claims:upside/basisNoneFinancing/equity-investment outflows; no new borrowing included.
/operating_model/cells/upside_2027q4_claims:upside/caseNoneupside
/operating_model/cells/upside_2027q4_claims:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_claims:upside/formula/refs/0Noneupside_2027q4_lease_principal
/operating_model/cells/upside_2027q4_claims:upside/formula/refs/1Noneupside_2027q4_tra
/operating_model/cells/upside_2027q4_claims:upside/formula/refs/2Noneupside_2027q4_dividends
/operating_model/cells/upside_2027q4_claims:upside/formula/refs/3Noneupside_2027q4_debt_principal
/operating_model/cells/upside_2027q4_claims:upside/formula/refs/4Noneupside_2027q4_awards
/operating_model/cells/upside_2027q4_claims:upside/formula/refs/5Noneupside_2027q4_investments
/operating_model/cells/upside_2027q4_claims:upside/idNoneupside_2027q4_claims
/operating_model/cells/upside_2027q4_claims:upside/kindNonederived
/operating_model/cells/upside_2027q4_claims:upside/labelNoneAdditional cash uses
/operating_model/cells/upside_2027q4_claims:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_claims:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_claims:upside/valueNone47.0765
/operating_model/cells/upside_2027q4_contribution:upside/basisNoneCompany does not report these as separate historical segments.
/operating_model/cells/upside_2027q4_contribution:upside/caseNoneupside
/operating_model/cells/upside_2027q4_contribution:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_contribution:upside/formula/refs/0Noneupside_2027q4_existing_contribution
/operating_model/cells/upside_2027q4_contribution:upside/formula/refs/1Noneupside_2027q4_power_contribution
/operating_model/cells/upside_2027q4_contribution:upside/idNoneupside_2027q4_contribution
/operating_model/cells/upside_2027q4_contribution:upside/kindNonederived
/operating_model/cells/upside_2027q4_contribution:upside/labelNoneService contribution before overhead and D&A
/operating_model/cells/upside_2027q4_contribution:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_contribution:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_contribution:upside/valueNone300.87540792
/operating_model/cells/upside_2027q4_da:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_da:upside/caseNoneupside
/operating_model/cells/upside_2027q4_da:upside/idNoneupside_2027q4_da
/operating_model/cells/upside_2027q4_da:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_da:upside/labelNoneDepreciation depletion and amortization
/operating_model/cells/upside_2027q4_da:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_da:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_da:upside/valueNone131.0
/operating_model/cells/upside_2027q4_debt_principal:upside/basisNoneRemainder 2026 $4.961M and 2027 $11.906M disclosed debt maturities, evenly allocated.
/operating_model/cells/upside_2027q4_debt_principal:upside/caseNoneupside
/operating_model/cells/upside_2027q4_debt_principal:upside/idNoneupside_2027q4_debt_principal
/operating_model/cells/upside_2027q4_debt_principal:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_debt_principal:upside/labelNoneSmall-loan principal
/operating_model/cells/upside_2027q4_debt_principal:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_debt_principal:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_debt_principal:upside/valueNone2.9765
/operating_model/cells/upside_2027q4_dividends:upside/basisNoneApproximately $0.09 per share quarterly, including allowance for award equivalents; future board declarations required.
/operating_model/cells/upside_2027q4_dividends:upside/caseNoneupside
/operating_model/cells/upside_2027q4_dividends:upside/idNoneupside_2027q4_dividends
/operating_model/cells/upside_2027q4_dividends:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_dividends:upside/labelNoneCommon dividends and equivalents
/operating_model/cells/upside_2027q4_dividends:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_dividends:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_dividends:upside/valueNone15.1
/operating_model/cells/upside_2027q4_existing_contribution:upside/basisNoneCost of services excludes D&A.
/operating_model/cells/upside_2027q4_existing_contribution:upside/caseNoneupside
/operating_model/cells/upside_2027q4_existing_contribution:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q4_existing_contribution:upside/formula/refs/0Noneupside_2027q4_existing_revenue
/operating_model/cells/upside_2027q4_existing_contribution:upside/formula/refs/1Noneupside_2027q4_service_margin
/operating_model/cells/upside_2027q4_existing_contribution:upside/idNoneupside_2027q4_existing_contribution
/operating_model/cells/upside_2027q4_existing_contribution:upside/kindNonederived
/operating_model/cells/upside_2027q4_existing_contribution:upside/labelNoneExisting-business contribution
/operating_model/cells/upside_2027q4_existing_contribution:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_existing_contribution:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_existing_contribution:upside/valueNone286.47540792
/operating_model/cells/upside_2027q4_existing_revenue:upside/basisNoneConsolidated anchor already includes existing power-related activity.
/operating_model/cells/upside_2027q4_existing_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q4_existing_revenue:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q4_existing_revenue:upside/formula/refs/0Noneq2_revenue
/operating_model/cells/upside_2027q4_existing_revenue:upside/formula/refs/1Noneupside_2027q4_activity
/operating_model/cells/upside_2027q4_existing_revenue:upside/formula/refs/2Noneupside_2027q4_price
/operating_model/cells/upside_2027q4_existing_revenue:upside/idNoneupside_2027q4_existing_revenue
/operating_model/cells/upside_2027q4_existing_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q4_existing_revenue:upside/labelNoneExisting business revenue
/operating_model/cells/upside_2027q4_existing_revenue:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_existing_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_existing_revenue:upside/valueNone1469.104656
/operating_model/cells/upside_2027q4_fcf:upside/basisNoneNo disposal proceeds netted against cash PP&E.
/operating_model/cells/upside_2027q4_fcf:upside/caseNoneupside
/operating_model/cells/upside_2027q4_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_fcf:upside/formula/refs/0Noneupside_2027q4_cfo
/operating_model/cells/upside_2027q4_fcf:upside/formula/refs/1Noneupside_2027q4_capex
/operating_model/cells/upside_2027q4_fcf:upside/idNoneupside_2027q4_fcf
/operating_model/cells/upside_2027q4_fcf:upside/kindNonederived
/operating_model/cells/upside_2027q4_fcf:upside/labelNoneCFO less gross PP&E
/operating_model/cells/upside_2027q4_fcf:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_fcf:upside/valueNone-156.62459208
/operating_model/cells/upside_2027q4_gaap_deductions:upside/basisNoneNo investment fair-value gains in operating earnings.
/operating_model/cells/upside_2027q4_gaap_deductions:upside/caseNoneupside
/operating_model/cells/upside_2027q4_gaap_deductions:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_gaap_deductions:upside/formula/refs/0Noneupside_2027q4_sbc
/operating_model/cells/upside_2027q4_gaap_deductions:upside/formula/refs/1Noneupside_2027q4_da
/operating_model/cells/upside_2027q4_gaap_deductions:upside/formula/refs/2Noneupside_2027q4_transaction
/operating_model/cells/upside_2027q4_gaap_deductions:upside/idNoneupside_2027q4_gaap_deductions
/operating_model/cells/upside_2027q4_gaap_deductions:upside/kindNonederived
/operating_model/cells/upside_2027q4_gaap_deductions:upside/labelNoneD&A, equity expense and transaction costs
/operating_model/cells/upside_2027q4_gaap_deductions:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_gaap_deductions:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_gaap_deductions:upside/valueNone145.0
/operating_model/cells/upside_2027q4_investments:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_investments:upside/caseNoneupside
/operating_model/cells/upside_2027q4_investments:upside/idNoneupside_2027q4_investments
/operating_model/cells/upside_2027q4_investments:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_investments:upside/labelNoneEquity investment purchases
/operating_model/cells/upside_2027q4_investments:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_investments:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_investments:upside/valueNone7.0
/operating_model/cells/upside_2027q4_lease_principal:upside/basisNoneDesk allocation informed by remaining 2026 gross lease payments $79.705M and 2027 $87.432M, including interest. Interest is separately in CFO.
/operating_model/cells/upside_2027q4_lease_principal:upside/caseNoneupside
/operating_model/cells/upside_2027q4_lease_principal:upside/idNoneupside_2027q4_lease_principal
/operating_model/cells/upside_2027q4_lease_principal:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_lease_principal:upside/labelNoneFinance-lease principal
/operating_model/cells/upside_2027q4_lease_principal:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_lease_principal:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_lease_principal:upside/valueNone19.0
/operating_model/cells/upside_2027q4_maintenance_capex:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_maintenance_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q4_maintenance_capex:upside/idNoneupside_2027q4_maintenance_capex
/operating_model/cells/upside_2027q4_maintenance_capex:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_maintenance_capex:upside/labelNoneExisting fleet and other PP&E cash
/operating_model/cells/upside_2027q4_maintenance_capex:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_maintenance_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_maintenance_capex:upside/valueNone125.0
/operating_model/cells/upside_2027q4_new_power:upside/basisNoneDesk revenue sensitivity only; no customer contract revenue per MW was disclosed for PowerBridge.
/operating_model/cells/upside_2027q4_new_power:upside/caseNoneupside
/operating_model/cells/upside_2027q4_new_power:upside/idNoneupside_2027q4_new_power
/operating_model/cells/upside_2027q4_new_power:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_new_power:upside/labelNoneIncremental new-project power revenue
/operating_model/cells/upside_2027q4_new_power:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_new_power:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_new_power:upside/valueNone45.0
/operating_model/cells/upside_2027q4_operating_income:upside/basisNoneAssumes no net disposal gain/loss or impairment; separate downside risks.
/operating_model/cells/upside_2027q4_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2027q4_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_operating_income:upside/formula/refs/0Noneupside_2027q4_adj_ebitda
/operating_model/cells/upside_2027q4_operating_income:upside/formula/refs/1Noneupside_2027q4_gaap_deductions
/operating_model/cells/upside_2027q4_operating_income:upside/idNoneupside_2027q4_operating_income
/operating_model/cells/upside_2027q4_operating_income:upside/kindNonederived
/operating_model/cells/upside_2027q4_operating_income:upside/labelNoneGAAP operating income proxy
/operating_model/cells/upside_2027q4_operating_income:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_operating_income:upside/valueNone88.37540791999999
/operating_model/cells/upside_2027q4_power_capex:upside/basisNoneScenario allocation within aggregate capex; redacted equipment milestones prevent an exact contractual schedule.
/operating_model/cells/upside_2027q4_power_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q4_power_capex:upside/idNoneupside_2027q4_power_capex
/operating_model/cells/upside_2027q4_power_capex:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_power_capex:upside/labelNonePower engines deposits and buildout cash
/operating_model/cells/upside_2027q4_power_capex:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_power_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_power_capex:upside/valueNone220.0
/operating_model/cells/upside_2027q4_power_contribution:upside/basisNoneIncremental modeled operations only.
/operating_model/cells/upside_2027q4_power_contribution:upside/caseNoneupside
/operating_model/cells/upside_2027q4_power_contribution:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q4_power_contribution:upside/formula/refs/0Noneupside_2027q4_new_power
/operating_model/cells/upside_2027q4_power_contribution:upside/formula/refs/1Noneupside_2027q4_power_margin
/operating_model/cells/upside_2027q4_power_contribution:upside/idNoneupside_2027q4_power_contribution
/operating_model/cells/upside_2027q4_power_contribution:upside/kindNonederived
/operating_model/cells/upside_2027q4_power_contribution:upside/labelNoneNew power contribution
/operating_model/cells/upside_2027q4_power_contribution:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_power_contribution:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_power_contribution:upside/valueNone14.4
/operating_model/cells/upside_2027q4_power_margin:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_power_margin:upside/caseNoneupside
/operating_model/cells/upside_2027q4_power_margin:upside/idNoneupside_2027q4_power_margin
/operating_model/cells/upside_2027q4_power_margin:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_power_margin:upside/labelNoneIncremental power contribution margin
/operating_model/cells/upside_2027q4_power_margin:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_power_margin:upside/unitNoneratio
/operating_model/cells/upside_2027q4_power_margin:upside/valueNone0.32
/operating_model/cells/upside_2027q4_price:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_price:upside/caseNoneupside
/operating_model/cells/upside_2027q4_price:upside/idNoneupside_2027q4_price
/operating_model/cells/upside_2027q4_price:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_price:upside/labelNonePricing/mix versus Q2
/operating_model/cells/upside_2027q4_price:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_price:upside/unitNoneratio
/operating_model/cells/upside_2027q4_price:upside/valueNone1.03
/operating_model/cells/upside_2027q4_revenue:upside/basisNoneNo revenue from buying engines or announcing capacity.
/operating_model/cells/upside_2027q4_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q4_revenue:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_revenue:upside/formula/refs/0Noneupside_2027q4_existing_revenue
/operating_model/cells/upside_2027q4_revenue:upside/formula/refs/1Noneupside_2027q4_new_power
/operating_model/cells/upside_2027q4_revenue:upside/idNoneupside_2027q4_revenue
/operating_model/cells/upside_2027q4_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q4_revenue:upside/labelNoneConsolidated revenue
/operating_model/cells/upside_2027q4_revenue:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_revenue:upside/valueNone1514.104656
/operating_model/cells/upside_2027q4_sbc:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_sbc:upside/caseNoneupside
/operating_model/cells/upside_2027q4_sbc:upside/idNoneupside_2027q4_sbc
/operating_model/cells/upside_2027q4_sbc:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_sbc:upside/labelNoneStock compensation expense
/operating_model/cells/upside_2027q4_sbc:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_sbc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_sbc:upside/valueNone12.0
/operating_model/cells/upside_2027q4_service_margin:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_service_margin:upside/caseNoneupside
/operating_model/cells/upside_2027q4_service_margin:upside/idNoneupside_2027q4_service_margin
/operating_model/cells/upside_2027q4_service_margin:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_service_margin:upside/labelNoneService contribution margin
/operating_model/cells/upside_2027q4_service_margin:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_service_margin:upside/unitNoneratio
/operating_model/cells/upside_2027q4_service_margin:upside/valueNone0.195
/operating_model/cells/upside_2027q4_tra:upside/basisNoneDesk cash allowance, not a conclusion that the $66.870M liability is extinguished.
/operating_model/cells/upside_2027q4_tra:upside/caseNoneupside
/operating_model/cells/upside_2027q4_tra:upside/idNoneupside_2027q4_tra
/operating_model/cells/upside_2027q4_tra:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_tra:upside/labelNoneTRA cash payment
/operating_model/cells/upside_2027q4_tra:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_tra:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_tra:upside/valueNone0.0
/operating_model/cells/upside_2027q4_transaction:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_transaction:upside/caseNoneupside
/operating_model/cells/upside_2027q4_transaction:upside/idNoneupside_2027q4_transaction
/operating_model/cells/upside_2027q4_transaction:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_transaction:upside/labelNoneTransaction and other operating expense
/operating_model/cells/upside_2027q4_transaction:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_transaction:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_transaction:upside/valueNone2.0
/operating_model/cells/upside_2027q4_wc_use:upside/basisNoneDesk assumption; not company guidance.
/operating_model/cells/upside_2027q4_wc_use:upside/caseNoneupside
/operating_model/cells/upside_2027q4_wc_use:upside/idNoneupside_2027q4_wc_use
/operating_model/cells/upside_2027q4_wc_use:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_wc_use:upside/labelNoneNet operating working-capital use
/operating_model/cells/upside_2027q4_wc_use:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_wc_use:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_wc_use:upside/valueNone15.0
/operating_model/cells/upside_fy2026_adj_ebitda:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_adj_ebitda:upside/caseNoneupside
/operating_model/cells/upside_fy2026_adj_ebitda:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_adj_ebitda:upside/formula/refs/0Noneh1_adj_ebitda
/operating_model/cells/upside_fy2026_adj_ebitda:upside/formula/refs/1Noneupside_2026q3_adj_ebitda
/operating_model/cells/upside_fy2026_adj_ebitda:upside/formula/refs/2Noneupside_2026q4_adj_ebitda
/operating_model/cells/upside_fy2026_adj_ebitda:upside/idNoneupside_fy2026_adj_ebitda
/operating_model/cells/upside_fy2026_adj_ebitda:upside/kindNonederived
/operating_model/cells/upside_fy2026_adj_ebitda:upside/labelNoneAdjusted EBITDA proxy ($M)
/operating_model/cells/upside_fy2026_adj_ebitda:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_adj_ebitda:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_adj_ebitda:upside/valueNone661.601553992
/operating_model/cells/upside_fy2026_capex:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_capex:upside/caseNoneupside
/operating_model/cells/upside_fy2026_capex:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_capex:upside/formula/refs/0Noneh1_capex
/operating_model/cells/upside_fy2026_capex:upside/formula/refs/1Noneupside_2026q3_capex
/operating_model/cells/upside_fy2026_capex:upside/formula/refs/2Noneupside_2026q4_capex
/operating_model/cells/upside_fy2026_capex:upside/idNoneupside_fy2026_capex
/operating_model/cells/upside_fy2026_capex:upside/kindNonederived
/operating_model/cells/upside_fy2026_capex:upside/labelNoneGross cash PP&E and deposits ($M)
/operating_model/cells/upside_fy2026_capex:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_capex:upside/valueNone960.861
/operating_model/cells/upside_fy2026_cash_after_claims:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_cash_after_claims:upside/caseNoneupside
/operating_model/cells/upside_fy2026_cash_after_claims:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_cash_after_claims:upside/formula/refs/0Noneh1_cash_after_claims
/operating_model/cells/upside_fy2026_cash_after_claims:upside/formula/refs/1Noneupside_2026q3_cash_after_claims
/operating_model/cells/upside_fy2026_cash_after_claims:upside/formula/refs/2Noneupside_2026q4_cash_after_claims
/operating_model/cells/upside_fy2026_cash_after_claims:upside/idNoneupside_fy2026_cash_after_claims
/operating_model/cells/upside_fy2026_cash_after_claims:upside/kindNonederived
/operating_model/cells/upside_fy2026_cash_after_claims:upside/labelNoneCash after investment and capital claims ($M)
/operating_model/cells/upside_fy2026_cash_after_claims:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_cash_after_claims:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_cash_after_claims:upside/valueNone-756.3194460079999
/operating_model/cells/upside_fy2026_cfo:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_cfo:upside/caseNoneupside
/operating_model/cells/upside_fy2026_cfo:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_cfo:upside/formula/refs/0Noneh1_cfo
/operating_model/cells/upside_fy2026_cfo:upside/formula/refs/1Noneupside_2026q3_cfo
/operating_model/cells/upside_fy2026_cfo:upside/formula/refs/2Noneupside_2026q4_cfo
/operating_model/cells/upside_fy2026_cfo:upside/idNoneupside_fy2026_cfo
/operating_model/cells/upside_fy2026_cfo:upside/kindNonederived
/operating_model/cells/upside_fy2026_cfo:upside/labelNoneOperating cash flow proxy ($M)
/operating_model/cells/upside_fy2026_cfo:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_cfo:upside/valueNone444.04855399200005
/operating_model/cells/upside_fy2026_dividends:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_dividends:upside/caseNoneupside
/operating_model/cells/upside_fy2026_dividends:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_dividends:upside/formula/refs/0Noneh1_dividends
/operating_model/cells/upside_fy2026_dividends:upside/formula/refs/1Noneupside_2026q3_dividends
/operating_model/cells/upside_fy2026_dividends:upside/formula/refs/2Noneupside_2026q4_dividends
/operating_model/cells/upside_fy2026_dividends:upside/idNoneupside_fy2026_dividends
/operating_model/cells/upside_fy2026_dividends:upside/kindNonederived
/operating_model/cells/upside_fy2026_dividends:upside/labelNoneCommon dividends and equivalents ($M)
/operating_model/cells/upside_fy2026_dividends:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_dividends:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_dividends:upside/valueNone60.519
/operating_model/cells/upside_fy2026_fcf:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_fcf:upside/caseNoneupside
/operating_model/cells/upside_fy2026_fcf:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_fcf:upside/formula/refs/0Noneh1_fcf
/operating_model/cells/upside_fy2026_fcf:upside/formula/refs/1Noneupside_2026q3_fcf
/operating_model/cells/upside_fy2026_fcf:upside/formula/refs/2Noneupside_2026q4_fcf
/operating_model/cells/upside_fy2026_fcf:upside/idNoneupside_fy2026_fcf
/operating_model/cells/upside_fy2026_fcf:upside/kindNonederived
/operating_model/cells/upside_fy2026_fcf:upside/labelNoneCFO less gross cash PP&E ($M)
/operating_model/cells/upside_fy2026_fcf:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_fcf:upside/valueNone-516.8124460079999
/operating_model/cells/upside_fy2026_lease_principal:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_lease_principal:upside/caseNoneupside
/operating_model/cells/upside_fy2026_lease_principal:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_lease_principal:upside/formula/refs/0Noneh1_lease_principal
/operating_model/cells/upside_fy2026_lease_principal:upside/formula/refs/1Noneupside_2026q3_lease_principal
/operating_model/cells/upside_fy2026_lease_principal:upside/formula/refs/2Noneupside_2026q4_lease_principal
/operating_model/cells/upside_fy2026_lease_principal:upside/idNoneupside_fy2026_lease_principal
/operating_model/cells/upside_fy2026_lease_principal:upside/kindNonederived
/operating_model/cells/upside_fy2026_lease_principal:upside/labelNoneFinance-lease principal ($M)
/operating_model/cells/upside_fy2026_lease_principal:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_lease_principal:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_lease_principal:upside/valueNone118.33500000000001
/operating_model/cells/upside_fy2026_operating_income:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_operating_income:upside/caseNoneupside
/operating_model/cells/upside_fy2026_operating_income:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_operating_income:upside/formula/refs/0Noneh1_operating_income
/operating_model/cells/upside_fy2026_operating_income:upside/formula/refs/1Noneupside_2026q3_operating_income
/operating_model/cells/upside_fy2026_operating_income:upside/formula/refs/2Noneupside_2026q4_operating_income
/operating_model/cells/upside_fy2026_operating_income:upside/idNoneupside_fy2026_operating_income
/operating_model/cells/upside_fy2026_operating_income:upside/kindNonederived
/operating_model/cells/upside_fy2026_operating_income:upside/labelNoneGAAP operating income proxy ($M)
/operating_model/cells/upside_fy2026_operating_income:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_operating_income:upside/valueNone158.20055399200007
/operating_model/cells/upside_fy2026_revenue:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_revenue:upside/caseNoneupside
/operating_model/cells/upside_fy2026_revenue:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_revenue:upside/formula/refs/0Noneh1_revenue
/operating_model/cells/upside_fy2026_revenue:upside/formula/refs/1Noneupside_2026q3_revenue
/operating_model/cells/upside_fy2026_revenue:upside/formula/refs/2Noneupside_2026q4_revenue
/operating_model/cells/upside_fy2026_revenue:upside/idNoneupside_fy2026_revenue
/operating_model/cells/upside_fy2026_revenue:upside/kindNonederived
/operating_model/cells/upside_fy2026_revenue:upside/labelNoneConsolidated revenue ($M)
/operating_model/cells/upside_fy2026_revenue:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_revenue:upside/valueNone4805.1982256
/operating_model/cells/upside_fy2026_tra:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_tra:upside/caseNoneupside
/operating_model/cells/upside_fy2026_tra:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_tra:upside/formula/refs/0Noneh1_tra
/operating_model/cells/upside_fy2026_tra:upside/formula/refs/1Noneupside_2026q3_tra
/operating_model/cells/upside_fy2026_tra:upside/formula/refs/2Noneupside_2026q4_tra
/operating_model/cells/upside_fy2026_tra:upside/idNoneupside_fy2026_tra
/operating_model/cells/upside_fy2026_tra:upside/kindNonederived
/operating_model/cells/upside_fy2026_tra:upside/labelNoneTRA payments ($M)
/operating_model/cells/upside_fy2026_tra:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_tra:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_tra:upside/valueNone7.888
/operating_model/cells/upside_fy2027_adj_ebitda:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_adj_ebitda:upside/caseNoneupside
/operating_model/cells/upside_fy2027_adj_ebitda:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_adj_ebitda:upside/formula/refs/0Noneupside_2027q1_adj_ebitda
/operating_model/cells/upside_fy2027_adj_ebitda:upside/formula/refs/1Noneupside_2027q2_adj_ebitda
/operating_model/cells/upside_fy2027_adj_ebitda:upside/formula/refs/2Noneupside_2027q3_adj_ebitda
/operating_model/cells/upside_fy2027_adj_ebitda:upside/formula/refs/3Noneupside_2027q4_adj_ebitda
/operating_model/cells/upside_fy2027_adj_ebitda:upside/idNoneupside_fy2027_adj_ebitda
/operating_model/cells/upside_fy2027_adj_ebitda:upside/kindNonederived
/operating_model/cells/upside_fy2027_adj_ebitda:upside/labelNoneAdjusted EBITDA proxy ($M)
/operating_model/cells/upside_fy2027_adj_ebitda:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_adj_ebitda:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_adj_ebitda:upside/valueNone885.7905662180001
/operating_model/cells/upside_fy2027_capex:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_capex:upside/caseNoneupside
/operating_model/cells/upside_fy2027_capex:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_capex:upside/formula/refs/0Noneupside_2027q1_capex
/operating_model/cells/upside_fy2027_capex:upside/formula/refs/1Noneupside_2027q2_capex
/operating_model/cells/upside_fy2027_capex:upside/formula/refs/2Noneupside_2027q3_capex
/operating_model/cells/upside_fy2027_capex:upside/formula/refs/3Noneupside_2027q4_capex
/operating_model/cells/upside_fy2027_capex:upside/idNoneupside_fy2027_capex
/operating_model/cells/upside_fy2027_capex:upside/kindNonederived
/operating_model/cells/upside_fy2027_capex:upside/labelNoneGross cash PP&E and deposits ($M)
/operating_model/cells/upside_fy2027_capex:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_capex:upside/valueNone1450.0
/operating_model/cells/upside_fy2027_cash_after_claims:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_cash_after_claims:upside/caseNoneupside
/operating_model/cells/upside_fy2027_cash_after_claims:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_cash_after_claims:upside/formula/refs/0Noneupside_2027q1_cash_after_claims
/operating_model/cells/upside_fy2027_cash_after_claims:upside/formula/refs/1Noneupside_2027q2_cash_after_claims
/operating_model/cells/upside_fy2027_cash_after_claims:upside/formula/refs/2Noneupside_2027q3_cash_after_claims
/operating_model/cells/upside_fy2027_cash_after_claims:upside/formula/refs/3Noneupside_2027q4_cash_after_claims
/operating_model/cells/upside_fy2027_cash_after_claims:upside/idNoneupside_fy2027_cash_after_claims
/operating_model/cells/upside_fy2027_cash_after_claims:upside/kindNonederived
/operating_model/cells/upside_fy2027_cash_after_claims:upside/labelNoneCash after investment and capital claims ($M)
/operating_model/cells/upside_fy2027_cash_after_claims:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_cash_after_claims:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_cash_after_claims:upside/valueNone-1000.515433782
/operating_model/cells/upside_fy2027_cfo:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_cfo:upside/caseNoneupside
/operating_model/cells/upside_fy2027_cfo:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_cfo:upside/formula/refs/0Noneupside_2027q1_cfo
/operating_model/cells/upside_fy2027_cfo:upside/formula/refs/1Noneupside_2027q2_cfo
/operating_model/cells/upside_fy2027_cfo:upside/formula/refs/2Noneupside_2027q3_cfo
/operating_model/cells/upside_fy2027_cfo:upside/formula/refs/3Noneupside_2027q4_cfo
/operating_model/cells/upside_fy2027_cfo:upside/idNoneupside_fy2027_cfo
/operating_model/cells/upside_fy2027_cfo:upside/kindNonederived
/operating_model/cells/upside_fy2027_cfo:upside/labelNoneOperating cash flow proxy ($M)
/operating_model/cells/upside_fy2027_cfo:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_cfo:upside/valueNone652.7905662180001
/operating_model/cells/upside_fy2027_dividends:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_dividends:upside/caseNoneupside
/operating_model/cells/upside_fy2027_dividends:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_dividends:upside/formula/refs/0Noneupside_2027q1_dividends
/operating_model/cells/upside_fy2027_dividends:upside/formula/refs/1Noneupside_2027q2_dividends
/operating_model/cells/upside_fy2027_dividends:upside/formula/refs/2Noneupside_2027q3_dividends
/operating_model/cells/upside_fy2027_dividends:upside/formula/refs/3Noneupside_2027q4_dividends
/operating_model/cells/upside_fy2027_dividends:upside/idNoneupside_fy2027_dividends
/operating_model/cells/upside_fy2027_dividends:upside/kindNonederived
/operating_model/cells/upside_fy2027_dividends:upside/labelNoneCommon dividends and equivalents ($M)
/operating_model/cells/upside_fy2027_dividends:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_dividends:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_dividends:upside/valueNone60.4
/operating_model/cells/upside_fy2027_fcf:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_fcf:upside/caseNoneupside
/operating_model/cells/upside_fy2027_fcf:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_fcf:upside/formula/refs/0Noneupside_2027q1_fcf
/operating_model/cells/upside_fy2027_fcf:upside/formula/refs/1Noneupside_2027q2_fcf
/operating_model/cells/upside_fy2027_fcf:upside/formula/refs/2Noneupside_2027q3_fcf
/operating_model/cells/upside_fy2027_fcf:upside/formula/refs/3Noneupside_2027q4_fcf
/operating_model/cells/upside_fy2027_fcf:upside/idNoneupside_fy2027_fcf
/operating_model/cells/upside_fy2027_fcf:upside/kindNonederived
/operating_model/cells/upside_fy2027_fcf:upside/labelNoneCFO less gross cash PP&E ($M)
/operating_model/cells/upside_fy2027_fcf:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_fcf:upside/valueNone-797.2094337819999
/operating_model/cells/upside_fy2027_lease_principal:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_lease_principal:upside/caseNoneupside
/operating_model/cells/upside_fy2027_lease_principal:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_lease_principal:upside/formula/refs/0Noneupside_2027q1_lease_principal
/operating_model/cells/upside_fy2027_lease_principal:upside/formula/refs/1Noneupside_2027q2_lease_principal
/operating_model/cells/upside_fy2027_lease_principal:upside/formula/refs/2Noneupside_2027q3_lease_principal
/operating_model/cells/upside_fy2027_lease_principal:upside/formula/refs/3Noneupside_2027q4_lease_principal
/operating_model/cells/upside_fy2027_lease_principal:upside/idNoneupside_fy2027_lease_principal
/operating_model/cells/upside_fy2027_lease_principal:upside/kindNonederived
/operating_model/cells/upside_fy2027_lease_principal:upside/labelNoneFinance-lease principal ($M)
/operating_model/cells/upside_fy2027_lease_principal:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_lease_principal:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_lease_principal:upside/valueNone76.0
/operating_model/cells/upside_fy2027_operating_income:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_operating_income:upside/caseNoneupside
/operating_model/cells/upside_fy2027_operating_income:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_operating_income:upside/formula/refs/0Noneupside_2027q1_operating_income
/operating_model/cells/upside_fy2027_operating_income:upside/formula/refs/1Noneupside_2027q2_operating_income
/operating_model/cells/upside_fy2027_operating_income:upside/formula/refs/2Noneupside_2027q3_operating_income
/operating_model/cells/upside_fy2027_operating_income:upside/formula/refs/3Noneupside_2027q4_operating_income
/operating_model/cells/upside_fy2027_operating_income:upside/idNoneupside_fy2027_operating_income
/operating_model/cells/upside_fy2027_operating_income:upside/kindNonederived
/operating_model/cells/upside_fy2027_operating_income:upside/labelNoneGAAP operating income proxy ($M)
/operating_model/cells/upside_fy2027_operating_income:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_operating_income:upside/valueNone326.1905662180001
/operating_model/cells/upside_fy2027_revenue:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_revenue:upside/caseNoneupside
/operating_model/cells/upside_fy2027_revenue:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_revenue:upside/formula/refs/0Noneupside_2027q1_revenue
/operating_model/cells/upside_fy2027_revenue:upside/formula/refs/1Noneupside_2027q2_revenue
/operating_model/cells/upside_fy2027_revenue:upside/formula/refs/2Noneupside_2027q3_revenue
/operating_model/cells/upside_fy2027_revenue:upside/formula/refs/3Noneupside_2027q4_revenue
/operating_model/cells/upside_fy2027_revenue:upside/idNoneupside_fy2027_revenue
/operating_model/cells/upside_fy2027_revenue:upside/kindNonederived
/operating_model/cells/upside_fy2027_revenue:upside/labelNoneConsolidated revenue ($M)
/operating_model/cells/upside_fy2027_revenue:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_revenue:upside/valueNone5845.7208524
/operating_model/cells/upside_fy2027_tra:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_tra:upside/caseNoneupside
/operating_model/cells/upside_fy2027_tra:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_tra:upside/formula/refs/0Noneupside_2027q1_tra
/operating_model/cells/upside_fy2027_tra:upside/formula/refs/1Noneupside_2027q2_tra
/operating_model/cells/upside_fy2027_tra:upside/formula/refs/2Noneupside_2027q3_tra
/operating_model/cells/upside_fy2027_tra:upside/formula/refs/3Noneupside_2027q4_tra
/operating_model/cells/upside_fy2027_tra:upside/idNoneupside_fy2027_tra
/operating_model/cells/upside_fy2027_tra:upside/kindNonederived
/operating_model/cells/upside_fy2027_tra:upside/labelNoneTRA payments ($M)
/operating_model/cells/upside_fy2027_tra:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_tra:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_tra:upside/valueNone4.0
/operating_model/highlights/0Noneq2_revenue
/operating_model/highlights/1Noneq2_ebitda
/operating_model/highlights/10Nonelease_liability
/operating_model/highlights/11Nonecapital_deposits
/operating_model/highlights/12Noneremaining_engine_commitments
/operating_model/highlights/13Nonecat_contract
/operating_model/highlights/14Nonejenbacher_contract
/operating_model/highlights/15Noneh1_investment_gain
/operating_model/highlights/16Nonecapped_calls
/operating_model/highlights/17Nonefinancing_cash
/operating_model/highlights/2Noneh1_cfo
/operating_model/highlights/3Noneh1_capex
/operating_model/highlights/4Noneh1_fcf
/operating_model/highlights/5Noneh1_lease_principal
/operating_model/highlights/6Noneh1_cash_after_claims
/operating_model/highlights/7Nonecash
/operating_model/highlights/8Noneconvert_principal
/operating_model/highlights/9Noneterm_principal
/operating_model/limitations/0NoneConsolidated activity/pricing factors are analytical sensitivities, not a disclosed fleet count, reported segment revenue or company revenue guidance. No independent 2027 revenue guidance is asserted.
/operating_model/limitations/1NoneNew power revenue is incremental to existing consolidated activity. The PowerBridge initial greater-than-300MW phase targets late 2027; no full-year revenue is booked from its announcement.
/operating_model/limitations/2NoneEquipment commitments are supplier purchases, not customer backlog. The $493.1554M Jenbacher contract is within the equipment program, not added to the $1.3B aggregate. July CAT $801M is a separate contract. Payment milestones are partly redacted.
/operating_model/limitations/3NoneCash PP&E is a gross investing outflow. Management reported capex nets disposal proceeds; the two measures differ. Deposits and future fleet finance leases can make cash needs differ from accounting depreciation.
/operating_model/limitations/4NoneForecast dividends, TRA and investment spending are explicit desk cash assumptions, not board commitments or a full liabilities roll-forward. New financing, asset-sale proceeds and optional buybacks are outside the cash-after-claims measure.
/operating_model/limitations/5NoneConvertible principal totals $1.295B at zero regular coupon, due 2031/2032 beyond the horizon. Zero coupon does not remove future repayment, conversion/dilution or capped-call counterparty risk. No fully diluted EPS or valuation is supplied.
/operating_model/methodNoneUse Q2 consolidated revenue as the activity/pricing anchor; Liberty reports one segment, so the forecast does not invent historical frac/power splits. Add only separately identified desk assumptions for incremental new power sales in late 2027. Derive service contribution, overhead, depreciation and equity compensation independently. Bridge EBITDA to CFO using cash interest, taxes and working capital, then deduct cash PP&E, finance-lease principal, TRA, dividends, award taxes, investments and scheduled small-loan principal. Forecast power deposits are included inside cash PP&E, not added twice.
/operating_model/metrics/adj_ebitdaNoneAdjusted EBITDA proxy ($M)
/operating_model/metrics/capexNoneGross cash PP&E and deposits ($M)
/operating_model/metrics/cash_after_claimsNoneCash after investment and capital claims ($M)
/operating_model/metrics/cfoNoneOperating cash flow proxy ($M)
/operating_model/metrics/dividendsNoneCommon dividends and equivalents ($M)
/operating_model/metrics/fcfNoneCFO less gross cash PP&E ($M)
/operating_model/metrics/lease_principalNoneFinance-lease principal ($M)
/operating_model/metrics/operating_incomeNoneGAAP operating income proxy ($M)
/operating_model/metrics/revenueNoneConsolidated revenue ($M)
/operating_model/metrics/traNoneTRA payments ($M)
/operating_model/outputs/2026Q3:base/caseNonebase
/operating_model/outputs/2026Q3:base/frequencyNonequarter
/operating_model/outputs/2026Q3:base/metrics/adj_ebitdaNonebase_2026q3_adj_ebitda
/operating_model/outputs/2026Q3:base/metrics/capexNonebase_2026q3_capex
/operating_model/outputs/2026Q3:base/metrics/cash_after_claimsNonebase_2026q3_cash_after_claims
/operating_model/outputs/2026Q3:base/metrics/cfoNonebase_2026q3_cfo
/operating_model/outputs/2026Q3:base/metrics/dividendsNonebase_2026q3_dividends
/operating_model/outputs/2026Q3:base/metrics/fcfNonebase_2026q3_fcf
/operating_model/outputs/2026Q3:base/metrics/lease_principalNonebase_2026q3_lease_principal
/operating_model/outputs/2026Q3:base/metrics/operating_incomeNonebase_2026q3_operating_income
/operating_model/outputs/2026Q3:base/metrics/revenueNonebase_2026q3_revenue
/operating_model/outputs/2026Q3:base/metrics/traNonebase_2026q3_tra
/operating_model/outputs/2026Q3:base/periodNone2026Q3
/operating_model/outputs/2026Q3:base/period_endNone2026-09-30
/operating_model/outputs/2026Q3:base/values/adj_ebitdaNone167.73022291200002
/operating_model/outputs/2026Q3:base/values/capexNone260.0
/operating_model/outputs/2026Q3:base/values/cash_after_claimsNone-202.85027708799998
/operating_model/outputs/2026Q3:base/values/cfoNone117.73022291200002
/operating_model/outputs/2026Q3:base/values/dividendsNone15.1
/operating_model/outputs/2026Q3:base/values/fcfNone-142.26977708799998
/operating_model/outputs/2026Q3:base/values/lease_principalNone35.0
/operating_model/outputs/2026Q3:base/values/operating_incomeNone38.730222912000016
/operating_model/outputs/2026Q3:base/values/revenueNone1248.5012384000001
/operating_model/outputs/2026Q3:base/values/traNone0.0
/operating_model/outputs/2026Q3:downside/caseNonedownside
/operating_model/outputs/2026Q3:downside/frequencyNonequarter
/operating_model/outputs/2026Q3:downside/metrics/adj_ebitdaNonedownside_2026q3_adj_ebitda
/operating_model/outputs/2026Q3:downside/metrics/capexNonedownside_2026q3_capex
/operating_model/outputs/2026Q3:downside/metrics/cash_after_claimsNonedownside_2026q3_cash_after_claims
/operating_model/outputs/2026Q3:downside/metrics/cfoNonedownside_2026q3_cfo
/operating_model/outputs/2026Q3:downside/metrics/dividendsNonedownside_2026q3_dividends
/operating_model/outputs/2026Q3:downside/metrics/fcfNonedownside_2026q3_fcf
/operating_model/outputs/2026Q3:downside/metrics/lease_principalNonedownside_2026q3_lease_principal
/operating_model/outputs/2026Q3:downside/metrics/operating_incomeNonedownside_2026q3_operating_income
/operating_model/outputs/2026Q3:downside/metrics/revenueNonedownside_2026q3_revenue
/operating_model/outputs/2026Q3:downside/metrics/traNonedownside_2026q3_tra
/operating_model/outputs/2026Q3:downside/periodNone2026Q3
/operating_model/outputs/2026Q3:downside/period_endNone2026-09-30
/operating_model/outputs/2026Q3:downside/values/adj_ebitdaNone124.62539820800001
/operating_model/outputs/2026Q3:downside/values/capexNone285.0
/operating_model/outputs/2026Q3:downside/values/cash_after_claimsNone-298.955101792
/operating_model/outputs/2026Q3:downside/values/cfoNone46.62539820800001
/operating_model/outputs/2026Q3:downside/values/dividendsNone15.1
/operating_model/outputs/2026Q3:downside/values/fcfNone-238.374601792
/operating_model/outputs/2026Q3:downside/values/lease_principalNone35.0
/operating_model/outputs/2026Q3:downside/values/operating_incomeNone-4.374601791999993
/operating_model/outputs/2026Q3:downside/values/revenueNone1106.8205952
/operating_model/outputs/2026Q3:downside/values/traNone0.0
/operating_model/outputs/2026Q3:upside/caseNoneupside
/operating_model/outputs/2026Q3:upside/frequencyNonequarter
/operating_model/outputs/2026Q3:upside/metrics/adj_ebitdaNoneupside_2026q3_adj_ebitda
/operating_model/outputs/2026Q3:upside/metrics/capexNoneupside_2026q3_capex
/operating_model/outputs/2026Q3:upside/metrics/cash_after_claimsNoneupside_2026q3_cash_after_claims
/operating_model/outputs/2026Q3:upside/metrics/cfoNoneupside_2026q3_cfo
/operating_model/outputs/2026Q3:upside/metrics/dividendsNoneupside_2026q3_dividends
/operating_model/outputs/2026Q3:upside/metrics/fcfNoneupside_2026q3_fcf
/operating_model/outputs/2026Q3:upside/metrics/lease_principalNoneupside_2026q3_lease_principal
/operating_model/outputs/2026Q3:upside/metrics/operating_incomeNoneupside_2026q3_operating_income
/operating_model/outputs/2026Q3:upside/metrics/revenueNoneupside_2026q3_revenue
/operating_model/outputs/2026Q3:upside/metrics/traNoneupside_2026q3_tra
/operating_model/outputs/2026Q3:upside/periodNone2026Q3
/operating_model/outputs/2026Q3:upside/period_endNone2026-09-30
/operating_model/outputs/2026Q3:upside/values/adj_ebitdaNone197.82786712800004
/operating_model/outputs/2026Q3:upside/values/capexNone285.0
/operating_model/outputs/2026Q3:upside/values/cash_after_claimsNone-207.75263287199996
/operating_model/outputs/2026Q3:upside/values/cfoNone137.82786712800004
/operating_model/outputs/2026Q3:upside/values/dividendsNone15.1
/operating_model/outputs/2026Q3:upside/values/fcfNone-147.17213287199996
/operating_model/outputs/2026Q3:upside/values/lease_principalNone35.0
/operating_model/outputs/2026Q3:upside/values/operating_incomeNone68.82786712800004
/operating_model/outputs/2026Q3:upside/values/revenueNone1322.1941904
/operating_model/outputs/2026Q3:upside/values/traNone0.0
/operating_model/outputs/2026Q4:base/caseNonebase
/operating_model/outputs/2026Q4:base/frequencyNonequarter
/operating_model/outputs/2026Q4:base/metrics/adj_ebitdaNonebase_2026q4_adj_ebitda
/operating_model/outputs/2026Q4:base/metrics/capexNonebase_2026q4_capex
/operating_model/outputs/2026Q4:base/metrics/cash_after_claimsNonebase_2026q4_cash_after_claims
/operating_model/outputs/2026Q4:base/metrics/cfoNonebase_2026q4_cfo
/operating_model/outputs/2026Q4:base/metrics/dividendsNonebase_2026q4_dividends
/operating_model/outputs/2026Q4:base/metrics/fcfNonebase_2026q4_fcf
/operating_model/outputs/2026Q4:base/metrics/lease_principalNonebase_2026q4_lease_principal
/operating_model/outputs/2026Q4:base/metrics/operating_incomeNonebase_2026q4_operating_income
/operating_model/outputs/2026Q4:base/metrics/revenueNonebase_2026q4_revenue
/operating_model/outputs/2026Q4:base/metrics/traNonebase_2026q4_tra
/operating_model/outputs/2026Q4:base/periodNone2026Q4
/operating_model/outputs/2026Q4:base/period_endNone2026-12-31
/operating_model/outputs/2026Q4:base/values/adj_ebitdaNone153.265017744
/operating_model/outputs/2026Q4:base/values/capexNone270.0
/operating_model/outputs/2026Q4:base/values/cash_after_claimsNone-194.315482256
/operating_model/outputs/2026Q4:base/values/cfoNone136.265017744
/operating_model/outputs/2026Q4:base/values/dividendsNone15.1
/operating_model/outputs/2026Q4:base/values/fcfNone-133.734982256
/operating_model/outputs/2026Q4:base/values/lease_principalNone35.0
/operating_model/outputs/2026Q4:base/values/operating_incomeNone20.865017744
/operating_model/outputs/2026Q4:base/values/revenueNone1176.4723208
/operating_model/outputs/2026Q4:base/values/traNone0.0
/operating_model/outputs/2026Q4:downside/caseNonedownside
/operating_model/outputs/2026Q4:downside/frequencyNonequarter
/operating_model/outputs/2026Q4:downside/metrics/adj_ebitdaNonedownside_2026q4_adj_ebitda
/operating_model/outputs/2026Q4:downside/metrics/capexNonedownside_2026q4_capex
/operating_model/outputs/2026Q4:downside/metrics/cash_after_claimsNonedownside_2026q4_cash_after_claims
/operating_model/outputs/2026Q4:downside/metrics/cfoNonedownside_2026q4_cfo
/operating_model/outputs/2026Q4:downside/metrics/dividendsNonedownside_2026q4_dividends
/operating_model/outputs/2026Q4:downside/metrics/fcfNonedownside_2026q4_fcf
/operating_model/outputs/2026Q4:downside/metrics/lease_principalNonedownside_2026q4_lease_principal
/operating_model/outputs/2026Q4:downside/metrics/operating_incomeNonedownside_2026q4_operating_income
/operating_model/outputs/2026Q4:downside/metrics/revenueNonedownside_2026q4_revenue
/operating_model/outputs/2026Q4:downside/metrics/traNonedownside_2026q4_tra
/operating_model/outputs/2026Q4:downside/periodNone2026Q4
/operating_model/outputs/2026Q4:downside/period_endNone2026-12-31
/operating_model/outputs/2026Q4:downside/values/adj_ebitdaNone106.18077363200001
/operating_model/outputs/2026Q4:downside/values/capexNone305.0
/operating_model/outputs/2026Q4:downside/values/cash_after_claimsNone-292.39972636799996
/operating_model/outputs/2026Q4:downside/values/cfoNone73.18077363200001
/operating_model/outputs/2026Q4:downside/values/dividendsNone15.1
/operating_model/outputs/2026Q4:downside/values/fcfNone-231.819226368
/operating_model/outputs/2026Q4:downside/values/lease_principalNone35.0
/operating_model/outputs/2026Q4:downside/values/operating_incomeNone-26.219226367999994
/operating_model/outputs/2026Q4:downside/values/revenueNone1004.1259008000001
/operating_model/outputs/2026Q4:downside/values/traNone0.0
/operating_model/outputs/2026Q4:upside/caseNoneupside
/operating_model/outputs/2026Q4:upside/frequencyNonequarter
/operating_model/outputs/2026Q4:upside/metrics/adj_ebitdaNoneupside_2026q4_adj_ebitda
/operating_model/outputs/2026Q4:upside/metrics/capexNoneupside_2026q4_capex
/operating_model/outputs/2026Q4:upside/metrics/cash_after_claimsNoneupside_2026q4_cash_after_claims
/operating_model/outputs/2026Q4:upside/metrics/cfoNoneupside_2026q4_cfo
/operating_model/outputs/2026Q4:upside/metrics/dividendsNoneupside_2026q4_dividends
/operating_model/outputs/2026Q4:upside/metrics/fcfNoneupside_2026q4_fcf
/operating_model/outputs/2026Q4:upside/metrics/lease_principalNoneupside_2026q4_lease_principal
/operating_model/outputs/2026Q4:upside/metrics/operating_incomeNoneupside_2026q4_operating_income
/operating_model/outputs/2026Q4:upside/metrics/revenueNoneupside_2026q4_revenue
/operating_model/outputs/2026Q4:upside/metrics/traNoneupside_2026q4_tra
/operating_model/outputs/2026Q4:upside/periodNone2026Q4
/operating_model/outputs/2026Q4:upside/period_endNone2026-12-31
/operating_model/outputs/2026Q4:upside/values/adj_ebitdaNone186.77868686400004
/operating_model/outputs/2026Q4:upside/values/capexNone295.0
/operating_model/outputs/2026Q4:upside/values/cash_after_claimsNone-190.80181313599996
/operating_model/outputs/2026Q4:upside/values/cfoNone164.77868686400004
/operating_model/outputs/2026Q4:upside/values/dividendsNone15.1
/operating_model/outputs/2026Q4:upside/values/fcfNone-130.22131313599996
/operating_model/outputs/2026Q4:upside/values/lease_principalNone35.0
/operating_model/outputs/2026Q4:upside/values/operating_incomeNone54.37868686400003
/operating_model/outputs/2026Q4:upside/values/revenueNone1273.2240352000001
/operating_model/outputs/2026Q4:upside/values/traNone0.0
/operating_model/outputs/2027Q1:base/caseNonebase
/operating_model/outputs/2027Q1:base/frequencyNonequarter
/operating_model/outputs/2027Q1:base/metrics/adj_ebitdaNonebase_2027q1_adj_ebitda
/operating_model/outputs/2027Q1:base/metrics/capexNonebase_2027q1_capex
/operating_model/outputs/2027Q1:base/metrics/cash_after_claimsNonebase_2027q1_cash_after_claims
/operating_model/outputs/2027Q1:base/metrics/cfoNonebase_2027q1_cfo
/operating_model/outputs/2027Q1:base/metrics/dividendsNonebase_2027q1_dividends
/operating_model/outputs/2027Q1:base/metrics/fcfNonebase_2027q1_fcf
/operating_model/outputs/2027Q1:base/metrics/lease_principalNonebase_2027q1_lease_principal
/operating_model/outputs/2027Q1:base/metrics/operating_incomeNonebase_2027q1_operating_income
/operating_model/outputs/2027Q1:base/metrics/revenueNonebase_2027q1_revenue
/operating_model/outputs/2027Q1:base/metrics/traNonebase_2027q1_tra
/operating_model/outputs/2027Q1:base/periodNone2027Q1
/operating_model/outputs/2027Q1:base/period_endNone2027-03-31
/operating_model/outputs/2027Q1:base/values/adj_ebitdaNone162.56935538399998
/operating_model/outputs/2027Q1:base/values/capexNone315.0
/operating_model/outputs/2027Q1:base/values/cash_after_claimsNone-278.507144616
/operating_model/outputs/2027Q1:base/values/cfoNone98.56935538399998
/operating_model/outputs/2027Q1:base/values/dividendsNone15.1
/operating_model/outputs/2027Q1:base/values/fcfNone-216.43064461600002
/operating_model/outputs/2027Q1:base/values/lease_principalNone19.0
/operating_model/outputs/2027Q1:base/values/operating_incomeNone27.769355383999965
/operating_model/outputs/2027Q1:base/values/revenueNone1236.4964188
/operating_model/outputs/2027Q1:base/values/traNone4.0
/operating_model/outputs/2027Q1:downside/caseNonedownside
/operating_model/outputs/2027Q1:downside/frequencyNonequarter
/operating_model/outputs/2027Q1:downside/metrics/adj_ebitdaNonedownside_2027q1_adj_ebitda
/operating_model/outputs/2027Q1:downside/metrics/capexNonedownside_2027q1_capex
/operating_model/outputs/2027Q1:downside/metrics/cash_after_claimsNonedownside_2027q1_cash_after_claims
/operating_model/outputs/2027Q1:downside/metrics/cfoNonedownside_2027q1_cfo
/operating_model/outputs/2027Q1:downside/metrics/dividendsNonedownside_2027q1_dividends
/operating_model/outputs/2027Q1:downside/metrics/fcfNonedownside_2027q1_fcf
/operating_model/outputs/2027Q1:downside/metrics/lease_principalNonedownside_2027q1_lease_principal
/operating_model/outputs/2027Q1:downside/metrics/operating_incomeNonedownside_2027q1_operating_income
/operating_model/outputs/2027Q1:downside/metrics/revenueNonedownside_2027q1_revenue
/operating_model/outputs/2027Q1:downside/metrics/traNonedownside_2027q1_tra
/operating_model/outputs/2027Q1:downside/periodNone2027Q1
/operating_model/outputs/2027Q1:downside/period_endNone2027-03-31
/operating_model/outputs/2027Q1:downside/values/adj_ebitdaNone108.44624576000001
/operating_model/outputs/2027Q1:downside/values/capexNone355.0
/operating_model/outputs/2027Q1:downside/values/cash_after_claimsNone-381.63025424
/operating_model/outputs/2027Q1:downside/values/cfoNone35.44624576000001
/operating_model/outputs/2027Q1:downside/values/dividendsNone15.1
/operating_model/outputs/2027Q1:downside/values/fcfNone-319.55375424
/operating_model/outputs/2027Q1:downside/values/lease_principalNone19.0
/operating_model/outputs/2027Q1:downside/values/operating_incomeNone-26.35375424
/operating_model/outputs/2027Q1:downside/values/revenueNone1026.946944
/operating_model/outputs/2027Q1:downside/values/traNone4.0
/operating_model/outputs/2027Q1:upside/caseNoneupside
/operating_model/outputs/2027Q1:upside/frequencyNonequarter
/operating_model/outputs/2027Q1:upside/metrics/adj_ebitdaNoneupside_2027q1_adj_ebitda
/operating_model/outputs/2027Q1:upside/metrics/capexNoneupside_2027q1_capex
/operating_model/outputs/2027Q1:upside/metrics/cash_after_claimsNoneupside_2027q1_cash_after_claims
/operating_model/outputs/2027Q1:upside/metrics/cfoNoneupside_2027q1_cfo
/operating_model/outputs/2027Q1:upside/metrics/dividendsNoneupside_2027q1_dividends
/operating_model/outputs/2027Q1:upside/metrics/fcfNoneupside_2027q1_fcf
/operating_model/outputs/2027Q1:upside/metrics/lease_principalNoneupside_2027q1_lease_principal
/operating_model/outputs/2027Q1:upside/metrics/operating_incomeNoneupside_2027q1_operating_income
/operating_model/outputs/2027Q1:upside/metrics/revenueNoneupside_2027q1_revenue
/operating_model/outputs/2027Q1:upside/metrics/traNoneupside_2027q1_tra
/operating_model/outputs/2027Q1:upside/periodNone2027Q1
/operating_model/outputs/2027Q1:upside/period_endNone2027-03-31
/operating_model/outputs/2027Q1:upside/values/adj_ebitdaNone206.76434245800004
/operating_model/outputs/2027Q1:upside/values/capexNone355.0
/operating_model/outputs/2027Q1:upside/values/cash_after_claimsNone-289.31215754199997
/operating_model/outputs/2027Q1:upside/values/cfoNone127.76434245800004
/operating_model/outputs/2027Q1:upside/values/dividendsNone15.1
/operating_model/outputs/2027Q1:upside/values/fcfNone-227.23565754199996
/operating_model/outputs/2027Q1:upside/values/lease_principalNone19.0
/operating_model/outputs/2027Q1:upside/values/operating_incomeNone71.96434245800003
/operating_model/outputs/2027Q1:upside/values/revenueNone1383.4068844
/operating_model/outputs/2027Q1:upside/values/traNone4.0
/operating_model/outputs/2027Q2:base/caseNonebase
/operating_model/outputs/2027Q2:base/frequencyNonequarter
/operating_model/outputs/2027Q2:base/metrics/adj_ebitdaNonebase_2027q2_adj_ebitda
/operating_model/outputs/2027Q2:base/metrics/capexNonebase_2027q2_capex
/operating_model/outputs/2027Q2:base/metrics/cash_after_claimsNonebase_2027q2_cash_after_claims
/operating_model/outputs/2027Q2:base/metrics/cfoNonebase_2027q2_cfo
/operating_model/outputs/2027Q2:base/metrics/dividendsNonebase_2027q2_dividends
/operating_model/outputs/2027Q2:base/metrics/fcfNonebase_2027q2_fcf
/operating_model/outputs/2027Q2:base/metrics/lease_principalNonebase_2027q2_lease_principal
/operating_model/outputs/2027Q2:base/metrics/operating_incomeNonebase_2027q2_operating_income
/operating_model/outputs/2027Q2:base/metrics/revenueNonebase_2027q2_revenue
/operating_model/outputs/2027Q2:base/metrics/traNonebase_2027q2_tra
/operating_model/outputs/2027Q2:base/periodNone2027Q2
/operating_model/outputs/2027Q2:base/period_endNone2027-06-30
/operating_model/outputs/2027Q2:base/values/adj_ebitdaNone169.712825496
/operating_model/outputs/2027Q2:base/values/capexNone345.0
/operating_model/outputs/2027Q2:base/values/cash_after_claimsNone-263.363674504
/operating_model/outputs/2027Q2:base/values/cfoNone128.712825496
/operating_model/outputs/2027Q2:base/values/dividendsNone15.1
/operating_model/outputs/2027Q2:base/values/fcfNone-216.287174504
/operating_model/outputs/2027Q2:base/values/lease_principalNone19.0
/operating_model/outputs/2027Q2:base/values/operating_incomeNone31.512825496000005
/operating_model/outputs/2027Q2:base/values/revenueNone1284.5156972
/operating_model/outputs/2027Q2:base/values/traNone0.0
/operating_model/outputs/2027Q2:downside/caseNonedownside
/operating_model/outputs/2027Q2:downside/frequencyNonequarter
/operating_model/outputs/2027Q2:downside/metrics/adj_ebitdaNonedownside_2027q2_adj_ebitda
/operating_model/outputs/2027Q2:downside/metrics/capexNonedownside_2027q2_capex
/operating_model/outputs/2027Q2:downside/metrics/cash_after_claimsNonedownside_2027q2_cash_after_claims
/operating_model/outputs/2027Q2:downside/metrics/cfoNonedownside_2027q2_cfo
/operating_model/outputs/2027Q2:downside/metrics/dividendsNonedownside_2027q2_dividends
/operating_model/outputs/2027Q2:downside/metrics/fcfNonedownside_2027q2_fcf
/operating_model/outputs/2027Q2:downside/metrics/lease_principalNonedownside_2027q2_lease_principal
/operating_model/outputs/2027Q2:downside/metrics/operating_incomeNonedownside_2027q2_operating_income
/operating_model/outputs/2027Q2:downside/metrics/revenueNonedownside_2027q2_revenue
/operating_model/outputs/2027Q2:downside/metrics/traNonedownside_2027q2_tra
/operating_model/outputs/2027Q2:downside/periodNone2027Q2
/operating_model/outputs/2027Q2:downside/period_endNone2027-06-30
/operating_model/outputs/2027Q2:downside/values/adj_ebitdaNone114.47719001600001
/operating_model/outputs/2027Q2:downside/values/capexNone375.0
/operating_model/outputs/2027Q2:downside/values/cash_after_claimsNone-355.599309984
/operating_model/outputs/2027Q2:downside/values/cfoNone66.47719001600001
/operating_model/outputs/2027Q2:downside/values/dividendsNone15.1
/operating_model/outputs/2027Q2:downside/values/fcfNone-308.522809984
/operating_model/outputs/2027Q2:downside/values/lease_principalNone19.0
/operating_model/outputs/2027Q2:downside/values/operating_incomeNone-23.72280998399998
/operating_model/outputs/2027Q2:downside/values/revenueNone1072.5890304
/operating_model/outputs/2027Q2:downside/values/traNone0.0
/operating_model/outputs/2027Q2:upside/caseNoneupside
/operating_model/outputs/2027Q2:upside/frequencyNonequarter
/operating_model/outputs/2027Q2:upside/metrics/adj_ebitdaNoneupside_2027q2_adj_ebitda
/operating_model/outputs/2027Q2:upside/metrics/capexNoneupside_2027q2_capex
/operating_model/outputs/2027Q2:upside/metrics/cash_after_claimsNoneupside_2027q2_cash_after_claims
/operating_model/outputs/2027Q2:upside/metrics/cfoNoneupside_2027q2_cfo
/operating_model/outputs/2027Q2:upside/metrics/dividendsNoneupside_2027q2_dividends
/operating_model/outputs/2027Q2:upside/metrics/fcfNoneupside_2027q2_fcf
/operating_model/outputs/2027Q2:upside/metrics/lease_principalNoneupside_2027q2_lease_principal
/operating_model/outputs/2027Q2:upside/metrics/operating_incomeNoneupside_2027q2_operating_income
/operating_model/outputs/2027Q2:upside/metrics/revenueNoneupside_2027q2_revenue
/operating_model/outputs/2027Q2:upside/metrics/traNoneupside_2027q2_tra
/operating_model/outputs/2027Q2:upside/periodNone2027Q2
/operating_model/outputs/2027Q2:upside/period_endNone2027-06-30
/operating_model/outputs/2027Q2:upside/values/adj_ebitdaNone217.200817788
/operating_model/outputs/2027Q2:upside/values/capexNone375.0
/operating_model/outputs/2027Q2:upside/values/cash_after_claimsNone-255.87568221200002
/operating_model/outputs/2027Q2:upside/values/cfoNone166.200817788
/operating_model/outputs/2027Q2:upside/values/dividendsNone15.1
/operating_model/outputs/2027Q2:upside/values/fcfNone-208.799182212
/operating_model/outputs/2027Q2:upside/values/lease_principalNone19.0
/operating_model/outputs/2027Q2:upside/values/operating_incomeNone79.000817788
/operating_model/outputs/2027Q2:upside/values/revenueNone1444.6195784
/operating_model/outputs/2027Q2:upside/values/traNone0.0
/operating_model/outputs/FY2026:base/caseNonebase
/operating_model/outputs/FY2026:base/frequencyNoneyear
/operating_model/outputs/FY2026:base/metrics/adj_ebitdaNonebase_fy2026_adj_ebitda
/operating_model/outputs/FY2026:base/metrics/capexNonebase_fy2026_capex
/operating_model/outputs/FY2026:base/metrics/cash_after_claimsNonebase_fy2026_cash_after_claims
/operating_model/outputs/FY2026:base/metrics/cfoNonebase_fy2026_cfo
/operating_model/outputs/FY2026:base/metrics/dividendsNonebase_fy2026_dividends
/operating_model/outputs/FY2026:base/metrics/fcfNonebase_fy2026_fcf
/operating_model/outputs/FY2026:base/metrics/lease_principalNonebase_fy2026_lease_principal
/operating_model/outputs/FY2026:base/metrics/operating_incomeNonebase_fy2026_operating_income
/operating_model/outputs/FY2026:base/metrics/revenueNonebase_fy2026_revenue
/operating_model/outputs/FY2026:base/metrics/traNonebase_fy2026_tra
/operating_model/outputs/FY2026:base/periodNoneFY2026
/operating_model/outputs/FY2026:base/period_endNone2026-12-31
/operating_model/outputs/FY2026:base/values/adj_ebitdaNone597.9902406560001
/operating_model/outputs/FY2026:base/values/capexNone910.861
/operating_model/outputs/FY2026:base/values/cash_after_claimsNone-754.930759344
/operating_model/outputs/FY2026:base/values/cfoNone395.4372406560001
/operating_model/outputs/FY2026:base/values/dividendsNone60.519
/operating_model/outputs/FY2026:base/values/fcfNone-515.4237593439999
/operating_model/outputs/FY2026:base/values/lease_principalNone118.33500000000001
/operating_model/outputs/FY2026:base/values/operating_incomeNone94.58924065600002
/operating_model/outputs/FY2026:base/values/revenueNone4634.7535592
/operating_model/outputs/FY2026:base/values/traNone7.888
/operating_model/outputs/FY2026:downside/caseNonedownside
/operating_model/outputs/FY2026:downside/frequencyNoneyear
/operating_model/outputs/FY2026:downside/metrics/adj_ebitdaNonedownside_fy2026_adj_ebitda
/operating_model/outputs/FY2026:downside/metrics/capexNonedownside_fy2026_capex
/operating_model/outputs/FY2026:downside/metrics/cash_after_claimsNonedownside_fy2026_cash_after_claims
/operating_model/outputs/FY2026:downside/metrics/cfoNonedownside_fy2026_cfo
/operating_model/outputs/FY2026:downside/metrics/dividendsNonedownside_fy2026_dividends
/operating_model/outputs/FY2026:downside/metrics/fcfNonedownside_fy2026_fcf
/operating_model/outputs/FY2026:downside/metrics/lease_principalNonedownside_fy2026_lease_principal
/operating_model/outputs/FY2026:downside/metrics/operating_incomeNonedownside_fy2026_operating_income
/operating_model/outputs/FY2026:downside/metrics/revenueNonedownside_fy2026_revenue
/operating_model/outputs/FY2026:downside/metrics/traNonedownside_fy2026_tra
/operating_model/outputs/FY2026:downside/periodNoneFY2026
/operating_model/outputs/FY2026:downside/period_endNone2026-12-31
/operating_model/outputs/FY2026:downside/values/adj_ebitdaNone507.80117184
/operating_model/outputs/FY2026:downside/values/capexNone970.861
/operating_model/outputs/FY2026:downside/values/cash_after_claimsNone-949.1198281599999
/operating_model/outputs/FY2026:downside/values/cfoNone261.24817184000005
/operating_model/outputs/FY2026:downside/values/dividendsNone60.519
/operating_model/outputs/FY2026:downside/values/fcfNone-709.6128281599999
/operating_model/outputs/FY2026:downside/values/lease_principalNone118.33500000000001
/operating_model/outputs/FY2026:downside/values/operating_incomeNone4.400171840000013
/operating_model/outputs/FY2026:downside/values/revenueNone4320.726496
/operating_model/outputs/FY2026:downside/values/traNone7.888
/operating_model/outputs/FY2026:upside/caseNoneupside
/operating_model/outputs/FY2026:upside/frequencyNoneyear
/operating_model/outputs/FY2026:upside/metrics/adj_ebitdaNoneupside_fy2026_adj_ebitda
/operating_model/outputs/FY2026:upside/metrics/capexNoneupside_fy2026_capex
/operating_model/outputs/FY2026:upside/metrics/cash_after_claimsNoneupside_fy2026_cash_after_claims
/operating_model/outputs/FY2026:upside/metrics/cfoNoneupside_fy2026_cfo
/operating_model/outputs/FY2026:upside/metrics/dividendsNoneupside_fy2026_dividends
/operating_model/outputs/FY2026:upside/metrics/fcfNoneupside_fy2026_fcf
/operating_model/outputs/FY2026:upside/metrics/lease_principalNoneupside_fy2026_lease_principal
/operating_model/outputs/FY2026:upside/metrics/operating_incomeNoneupside_fy2026_operating_income
/operating_model/outputs/FY2026:upside/metrics/revenueNoneupside_fy2026_revenue
/operating_model/outputs/FY2026:upside/metrics/traNoneupside_fy2026_tra
/operating_model/outputs/FY2026:upside/periodNoneFY2026
/operating_model/outputs/FY2026:upside/period_endNone2026-12-31
/operating_model/outputs/FY2026:upside/values/adj_ebitdaNone661.601553992
/operating_model/outputs/FY2026:upside/values/capexNone960.861
/operating_model/outputs/FY2026:upside/values/cash_after_claimsNone-756.3194460079999
/operating_model/outputs/FY2026:upside/values/cfoNone444.04855399200005
/operating_model/outputs/FY2026:upside/values/dividendsNone60.519
/operating_model/outputs/FY2026:upside/values/fcfNone-516.8124460079999
/operating_model/outputs/FY2026:upside/values/lease_principalNone118.33500000000001
/operating_model/outputs/FY2026:upside/values/operating_incomeNone158.20055399200007
/operating_model/outputs/FY2026:upside/values/revenueNone4805.1982256
/operating_model/outputs/FY2026:upside/values/traNone7.888
/operating_model/outputs/FY2027:base/caseNonebase
/operating_model/outputs/FY2027:base/frequencyNoneyear
/operating_model/outputs/FY2027:base/metrics/adj_ebitdaNonebase_fy2027_adj_ebitda
/operating_model/outputs/FY2027:base/metrics/capexNonebase_fy2027_capex
/operating_model/outputs/FY2027:base/metrics/cash_after_claimsNonebase_fy2027_cash_after_claims
/operating_model/outputs/FY2027:base/metrics/cfoNonebase_fy2027_cfo
/operating_model/outputs/FY2027:base/metrics/dividendsNonebase_fy2027_dividends
/operating_model/outputs/FY2027:base/metrics/fcfNonebase_fy2027_fcf
/operating_model/outputs/FY2027:base/metrics/lease_principalNonebase_fy2027_lease_principal
/operating_model/outputs/FY2027:base/metrics/operating_incomeNonebase_fy2027_operating_income
/operating_model/outputs/FY2027:base/metrics/revenueNonebase_fy2027_revenue
/operating_model/outputs/FY2027:base/metrics/traNonebase_fy2027_tra
/operating_model/outputs/FY2027:base/periodNoneFY2027
/operating_model/outputs/FY2027:base/period_endNone2027-12-31
/operating_model/outputs/FY2027:base/values/adj_ebitdaNone674.9686993999999
/operating_model/outputs/FY2027:base/values/capexNone1310.0
/operating_model/outputs/FY2027:base/values/cash_after_claimsNone-1026.3373006000002
/operating_model/outputs/FY2027:base/values/cfoNone486.9686994
/operating_model/outputs/FY2027:base/values/dividendsNone60.4
/operating_model/outputs/FY2027:base/values/fcfNone-823.0313006000001
/operating_model/outputs/FY2027:base/values/lease_principalNone76.0
/operating_model/outputs/FY2027:base/values/operating_incomeNone115.3686994
/operating_model/outputs/FY2027:base/values/revenueNone5122.04833
/operating_model/outputs/FY2027:base/values/traNone4.0
/operating_model/outputs/FY2027:downside/caseNonedownside
/operating_model/outputs/FY2027:downside/frequencyNoneyear
/operating_model/outputs/FY2027:downside/metrics/adj_ebitdaNonedownside_fy2027_adj_ebitda
/operating_model/outputs/FY2027:downside/metrics/capexNonedownside_fy2027_capex
/operating_model/outputs/FY2027:downside/metrics/cash_after_claimsNonedownside_fy2027_cash_after_claims
/operating_model/outputs/FY2027:downside/metrics/cfoNonedownside_fy2027_cfo
/operating_model/outputs/FY2027:downside/metrics/dividendsNonedownside_fy2027_dividends
/operating_model/outputs/FY2027:downside/metrics/fcfNonedownside_fy2027_fcf
/operating_model/outputs/FY2027:downside/metrics/lease_principalNonedownside_fy2027_lease_principal
/operating_model/outputs/FY2027:downside/metrics/operating_incomeNonedownside_fy2027_operating_income
/operating_model/outputs/FY2027:downside/metrics/revenueNonedownside_fy2027_revenue
/operating_model/outputs/FY2027:downside/metrics/traNonedownside_fy2027_tra
/operating_model/outputs/FY2027:downside/periodNoneFY2027
/operating_model/outputs/FY2027:downside/period_endNone2027-12-31
/operating_model/outputs/FY2027:downside/values/adj_ebitdaNone454.90876006400003
/operating_model/outputs/FY2027:downside/values/capexNone1440.0
/operating_model/outputs/FY2027:downside/values/cash_after_claimsNone-1405.397239936
/operating_model/outputs/FY2027:downside/values/cfoNone237.90876006400003
/operating_model/outputs/FY2027:downside/values/dividendsNone60.4
/operating_model/outputs/FY2027:downside/values/fcfNone-1202.091239936
/operating_model/outputs/FY2027:downside/values/lease_principalNone76.0
/operating_model/outputs/FY2027:downside/values/operating_incomeNone-104.69123993599996
/operating_model/outputs/FY2027:downside/values/revenueNone4290.3561216
/operating_model/outputs/FY2027:downside/values/traNone4.0
/operating_model/outputs/FY2027:upside/caseNoneupside
/operating_model/outputs/FY2027:upside/frequencyNoneyear
/operating_model/outputs/FY2027:upside/metrics/adj_ebitdaNoneupside_fy2027_adj_ebitda
/operating_model/outputs/FY2027:upside/metrics/capexNoneupside_fy2027_capex
/operating_model/outputs/FY2027:upside/metrics/cash_after_claimsNoneupside_fy2027_cash_after_claims
/operating_model/outputs/FY2027:upside/metrics/cfoNoneupside_fy2027_cfo
/operating_model/outputs/FY2027:upside/metrics/dividendsNoneupside_fy2027_dividends
/operating_model/outputs/FY2027:upside/metrics/fcfNoneupside_fy2027_fcf
/operating_model/outputs/FY2027:upside/metrics/lease_principalNoneupside_fy2027_lease_principal
/operating_model/outputs/FY2027:upside/metrics/operating_incomeNoneupside_fy2027_operating_income
/operating_model/outputs/FY2027:upside/metrics/revenueNoneupside_fy2027_revenue
/operating_model/outputs/FY2027:upside/metrics/traNoneupside_fy2027_tra
/operating_model/outputs/FY2027:upside/periodNoneFY2027
/operating_model/outputs/FY2027:upside/period_endNone2027-12-31
/operating_model/outputs/FY2027:upside/values/adj_ebitdaNone885.7905662180001
/operating_model/outputs/FY2027:upside/values/capexNone1450.0
/operating_model/outputs/FY2027:upside/values/cash_after_claimsNone-1000.515433782
/operating_model/outputs/FY2027:upside/values/cfoNone652.7905662180001
/operating_model/outputs/FY2027:upside/values/dividendsNone60.4
/operating_model/outputs/FY2027:upside/values/fcfNone-797.2094337819999
/operating_model/outputs/FY2027:upside/values/lease_principalNone76.0
/operating_model/outputs/FY2027:upside/values/operating_incomeNone326.1905662180001
/operating_model/outputs/FY2027:upside/values/revenueNone5845.7208524
/operating_model/outputs/FY2027:upside/values/traNone4.0
/operating_model/reviewed_atNone2026-09-19
/operating_model/schema_versionNoneoperating_model.v1
/operating_model/titleNoneFrac cash generation versus the power-equipment funding cycle
/research/change_noteNoneCompleted consolidated service and power-funding model with gross capex, leases, TRA and zero-coupon note context.
/research/checkpoints/0/date_statusNoneestimated
/research/checkpoints/0/eventNonePower commitments and customers
/research/checkpoints/0/timingNoneNext quarterly filing and contract announcements
/research/checkpoints/0/watchNoneReconcile deposits, remaining commitments and actual contracted cash terms; do not count equipment orders as backlog.
/research/checkpoints/1/date_statusNoneestimated
/research/checkpoints/1/eventNoneFrac cash generation
/research/checkpoints/1/timingNoneEach earnings release
/research/checkpoints/1/watchNoneCompare consolidated margins and cash conversion, including receivables and unbilled revenue.
/research/checkpoints/2/date_statusNoneestimated
/research/checkpoints/2/eventNoneDeployment timing
/research/checkpoints/2/timingNoneLate 2027 company target
/research/checkpoints/2/watchNoneCheck the first PowerBridge phase against actual deliveries and acceptance.
/research/countercaseNoneFrac cash generation may recover while power investment still consumes more capital than it produces. Engine commitments carry currency, tariff and delivery exposure. Site readiness, grid/fuel access, commercial terms and customer acceptance can delay monetization beyond equipment payments.
/research/economicsNoneH1 revenue was $2.210B and adjusted EBITDA $277.0M, but CFO was $141.4M against gross PP&E cash spending of $380.9M. Company reported capex of $354.9M nets $26.0M asset-sale proceeds. Another $48.3M finance-lease principal, $7.9M TRA and $30.3M dividends sit below CFO. Cash of $555.4M follows $1.295B convertible issuance and $186.5M capped-call spending; the notes have zero regular coupon and mature in 2031/2032. June remaining power-equipment commitments were approximately $1.1B, with a separate $801M CAT contract signed July 22. Capital deposits already totaled $248.0M. The September 18-filed Jenbacher agreement has original price $493.1554M for 2028 delivery; it is part of the broader program, and its May amendment changes payment timing, with percentages redacted. PowerBridge initial capacity targets late 2027. Noncash investment gains of $60.2M supported H1 net income but are not operating cash.
/research/limitations/0NoneConsolidated activity/pricing factors are analytical sensitivities, not a disclosed fleet count, reported segment revenue or company revenue guidance. No independent 2027 revenue guidance is asserted.
/research/limitations/1NoneNew power revenue is incremental to existing consolidated activity. The PowerBridge initial greater-than-300MW phase targets late 2027; no full-year revenue is booked from its announcement.
/research/limitations/2NoneEquipment commitments are supplier purchases, not customer backlog. The $493.1554M Jenbacher contract is within the equipment program, not added to the $1.3B aggregate. July CAT $801M is a separate contract. Payment milestones are partly redacted.
/research/limitations/3NoneCash PP&E is a gross investing outflow. Management reported capex nets disposal proceeds; the two measures differ. Deposits and future fleet finance leases can make cash needs differ from accounting depreciation.
/research/limitations/4NoneForecast dividends, TRA and investment spending are explicit desk cash assumptions, not board commitments or a full liabilities roll-forward. New financing, asset-sale proceeds and optional buybacks are outside the cash-after-claims measure.
/research/limitations/5NoneConvertible principal totals $1.295B at zero regular coupon, due 2031/2032 beyond the horizon. Zero coupon does not remove future repayment, conversion/dilution or capped-call counterparty risk. No fully diluted EPS or valuation is supplied.
/research/questionNoneCan the existing service business fund the power-equipment program before new sites produce material cash?
/research/reviewed_atNone2026-09-19
/research/risks/0NoneProducer activity and service pricing are cyclical.
/research/risks/1NonePower buildouts need customers, fuel and site execution in addition to purchased engines.
/research/risks/2NoneSupplier milestone percentages are partly redacted and the equipment program extends through 2030.
/research/risks/3NoneLeases, TRA, small-loan principal and dividend choices use cash beyond PP&E.
/research/risks/4NoneZero-coupon convertibles still create repayment and dilution risk.
/research/risks/5NoneInvestment marks can move net income without improving service economics.
/research/titleNoneThe cash cost of moving from frac services into power
/sources/0/retrievedNone2026-09-19
/sources/0/titleNoneJuly 23 filing, cash flow, equipment commitments and notes
/sources/0/urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000039/lbrt-20260630.htm
/sources/1/retrievedNone2026-09-19
/sources/1/titleNoneQ2 earnings and PowerBridge timing
/sources/1/urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000036/lbrt_6302026.htm
/sources/2/retrievedNone2026-09-19
/sources/2/titleNoneSeptember 18-filed original Jenbacher equipment contract
/sources/2/urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000050/a101-jenbachercontract.htm
/sources/3/retrievedNone2026-09-19
/sources/3/titleNoneFiled May amendment moves notice-to-proceed milestone
/sources/3/urlNonehttps://www.sec.gov/Archives/edgar/data/1694028/000169402826000050/a102-jenbachercontractxame.htm
/thesis/scenario_rangesNoneExplicit downside/base/upside business assumptions; not price targets, probabilities or historical market-memory bands.
/thesis/viewPower demand creates a substantial addressable opportunity, but supplier orders do not establish customer revenue or an internally funded build. The operating test is whether existing service cash flow can finance the equipment program after leases and other claims.
/thesis/what_changes_itMore firm customer contracts, disclosed power margins and cash milestones could strengthen the case. Persistent cash deficits, redacted obligations resolving into larger near-term payments, or weak frac pricing would weaken it.