Market risk is the risk of loss arising from adverse changes in market rates and prices, such as interest rates, foreign currency exchange rates and commodity prices. We do not hold any market risk sensitive instruments for trading purposes. Our primary exposure to market risk is interest rate risk, specifically long-term United States ("U.S.") treasury rates and the applicable spreads in the high-yield investment market, short-term and long-term SOFR rates, and their potential impact on our long-term debt. We attempt to limit our exposure to interest rate risk by managing the mix of our long-term fixed-rate borrowings and variable-rate borrowings under our Credit Facility. We are also exposed to commodity prices and potential tariffs on goods purchased from outside the U.S. Our exposure is mitigated as a significant majority of our purchases, both operating and for our construction projects, are from U.S. based suppliers. Finally, we are exposed to a lesser extent to foreign currency exchange risk for funds held in our foreign bank accounts. While there is risk of fluctuations in the foreign exchange rate, our exposure is limited given the size of our foreign operations and the minimal amount of cash held in foreign bank accounts. A weakening or strengthening of the U.S. dollar to the foreign currencies by 2x the current conversion rates, would not cause the value of the funds held in the foreign bank accounts to change significantly. We do not currently utilize derivative financial instruments for trading or speculative purposes. As of June 30, 2026, our long-term variable-rate borrowings represented approximately 28.1% of total long-term debt. Based on June 30, 2026 debt levels, a 100-basis point change in the interest rate would cause our annual interest costs on variable-rate borrowings to change by approximately $7.4 million. We believe there have been no other material changes in our exposure to market risks as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC on February 20, 2026. See also Liquidity and Capital Resources above. 38 Table of Contents