Revenue (Tables) |
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Revenue from Contract with Customer [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Disaggregation of Revenue | The following table disaggregates our revenue from contracts with customers by geographic area and includes equipment rental revenue. Equipment rental revenues were $32 million and $67 million in the three and six months ended June 30, 2025, respectively, and $39 million and $73 million for the three and six months ended June 30, 2024, respectively. During the three and six months ended June 30, 2025, the U.S. accounted for 16% of total revenue in each period, and the Kingdom of Saudi Arabia accounted for 11% of total revenue in each period. During the three and six months ended June 30, 2024, the U.S. accounted for 14% of total revenue in each period, and the Kingdom of Saudi Arabia accounted for 11% and 10% of total revenue, respectively. In addition, during the three and six months ended June 30, 2024, Mexico accounted for 12% and 13% of total revenue, respectively, driven by our largest customer, which accounted for 10% and 11% of our total revenue, respectively, in the same periods. No other country accounted for more than 10% of our revenue in the periods presented.
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Schedule of Contract Balances | Contract Balances The timing of our revenue recognition, billings, and cash collections results in the recording of accounts receivable, contract assets, and contract liabilities. The following table summarizes these balances as of June 30, 2025 and December 31, 2024:
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