Shares surged 22.8% post-earnings as investors rewarded the company's clear progress on governance restructuring and commercial momentum, signaling renewed confidence in its ability to execute multibillion-dollar contracts amid a constrained power supply environment.

• Leadership overhaul includes removal of former CEO for cause and expansion of the Board to strengthen governance and operational discipline.
• Interim CFO appointed with a strong public company financial track record to support scaling of Project Matador.
• Established new corporate headquarters in Dallas to enhance stakeholder relationships and talent access, while maintaining Amarillo site presence.
• Commercial engagement revived with reinitiated tenant conversations and new prospects entering the data room, boosting confidence in accelerating binding tenant agreements.
• Liquidity remains solid with multiple capital levers available; the Board dismisses any immediate sale, focusing on long-term value creation.