
	High Specification Rigs		Wireline Services		Processing Solutions and Ancillary Services		Other		Total
	Three Months Ended June 30, 2025
Revenue	$	86.3	$	22.1	$	32.2	$	—	$	140.6
Employee expenses	44.8		9.5		17.2		4.5		76.0
Repair and maintenance	8.3		2.2		3.8		—		14.3
Other segment items*	15.6		9.0		4.6		2.5		31.7
Depreciation and amortization	5.6		2.6		2.1		0.6		10.9

Gain on sale of assets	—		—		—		(0.9)		(0.9)
Operating income (loss)	12.0		(1.2)		4.5		(6.7)		8.6
Interest expense, net	—		—		—		0.1		0.1
Income tax expense	—		—		—		2.8		2.8
Other income	—		—		—		(1.6)		(1.6)
Net income (loss)	$	12.0	$	(1.2)	$	4.5	$	(8.0)	$	7.3

Reconciliation of net income (loss) to Adjusted EBITDA:
Net income (loss)	12.0		(1.2)		4.5		(8.0)		7.3
Interest expense, net	—		—		—		0.1		0.1
Income tax expense	—		—		—		2.8		2.8
Depreciation and amortization	5.6		2.6		2.1		0.6		10.9
EBITDA	17.6		1.4		6.6		(4.5)		21.1

Equity based compensation	—		—		—		1.7		1.7

Gain on sale of assets	—		—		—		(0.9)		(0.9)

Severance and reorganization costs	—		—		—		0.1		0.1
Acquisition related costs	—		0.2		—		—		0.2

Employee retention credit	—		—		—		(1.6)		(1.6)
Adjusted EBITDA	$	17.6	$	1.6	$	6.6	$	(5.2)	$	20.6

Capital expenditures	$	7.2	$	—	$	1.6	$	—	$	8.8

	High Specification Rigs		Wireline Services		Processing Solutions and Ancillary Services		Other		Total
	Six Months Ended June 30, 2025


Revenue	$	173.8	$	39.3	$	62.7	$	—	$	275.8
Employee expenses	89.9		19.0		23.7		9.0		141.6
Repair and maintenance	16.3		4.5		6.5		—		27.3
Other segment items*	32.6		17.5		20.4		5.1		75.6
Depreciation and amortization	11.0		5.3		4.3		0.9		21.5
Impairment of fixed assets	—		—		—		0.4		0.4
Gain sale of assets	—		—		—		(0.2)		(0.2)
Operating income (loss)	24.0		(7.0)		7.8		(15.2)		9.6
Interest expense, net	—		—		—		0.6		0.6
Income tax expense (benefit)	—		—		—		2.7		2.7
Other income	—		—		—		(1.6)		(1.6)
Net income (loss)	$	24.0	$	(7.0)	$	7.8	$	(16.9)	$	7.9

Reconciliation of net income (loss) to Adjusted EBITDA:
Net income (loss)	24.0		(7.0)		7.8		(16.9)		7.9
Interest expense, net	—		—		—		0.6		0.6
Income tax expense	—		—		—		2.7		2.7
Depreciation and amortization	11.0		5.3		4.3		0.9		21.5
EBITDA	35.0		(1.7)		12.1		(12.7)		32.7
Impairment of assets	—		—		—		0.4		0.4
Equity based compensation	—		—		—		3.2		3.2

Gain on sale of assets	—		—		—		(0.2)		(0.2)

Severance and reorganization costs	—		0.6		—		0.1		0.7
Acquisition related costs	—		0.4		0.1		0.1		0.6
Legal fees and settlements	—		—		—		0.3		0.3
Employee retention credit	—		—		—		(1.6)		(1.6)
Adjusted EBITDA	$	35.0	$	(0.7)	$	12.2	$	(10.4)	$	36.1

Capital expenditures	$	14.5	$	—	$	3.3	$	—	$	17.8

* Other Segment Items include Direct Materials, Subcontractor Expense, Reimbursable Expenses, Equipment Rentals, Fuel, Per Diem, Travel & Entertainment, Vehicles and Miscellaneous. These items, including Employee Expenses and Repair and Maintenance, are included in Cost of Services and General and Administrative expense in the Consolidated Statements of Operations.


	High Specification Rigs		Wireline Services		Processing Solutions and Ancillary Services		Other		Total
	Three Months Ended June 30, 2024
Revenue	$	82.7	$	24.5	$	30.9	$	—	$	138.1
Employee expenses	42.4		6.9		9.6		4.2		63.1
Repair and maintenance	7.1		4.2		3.9		—		15.2
Other segment items*	15.8		13.1		10.2		2.7		41.8
Depreciation and amortization	5.6		2.9		2.0		0.5		11.0
Gain on sale of assets	—		—		—		(0.3)		(0.3)
Operating income (loss)	11.8		(2.6)		5.2		(7.1)		7.3
Interest expense, net	—		—		—		0.6		0.6
Income tax expense	—		—		—		2.0		2.0

Net income (loss)	$	11.8	$	(2.6)	$	5.2	$	(9.7)	$	4.7

Reconciliation of net income (loss) to Adjusted EBITDA:
Net income (loss)	11.8		(2.6)		5.2		(9.7)		4.7
Interest expense, net	—		—		—		0.6		0.6
Income tax expense	—		—		—		2.0		2.0
Depreciation and amortization	5.6		2.9		2.0		0.5		11.0


EBITDA	17.4		0.3		7.2		(6.6)		18.3

Equity based compensation	—		—		—		1.4		1.4

Gain on sale of assets	—		—		—		(0.3)		(0.3)

Severance and reorganization costs	0.7		0.1		0.1		0.1		1.0
Acquisition related costs	0.1		—		—		—		0.1
Legal fees and settlements	0.5		—		—		—		0.5
Adjusted EBITDA	$	18.7	$	0.4	$	7.3	$	(5.4)	$	21.0

Capital expenditures	$	11.5	$	0.9	$	7.4	$	—	$	19.8

	High Specification Rigs		Wireline Services		Processing Solutions and Ancillary Services		Other		Total
	Six Months Ended June 30, 2024
Revenue	$	162.4	$	57.3	$	55.3	$	—	$	275.0
Employee expenses	86.0		26.0		22.4		8.1		142.5
Repair and maintenance	14.5		5.7		5.0		—		25.2
Other segment items*	31.1		25.1		18.2		5.5		79.9
Depreciation and amortization	11.2		6.0		4.0		1.0		22.2
Gain on sale of assets	—		—		—		(1.6)		(1.6)
Operating income (loss)	19.6		(5.5)		5.7		(13.0)		6.8
Interest expense, net	—		—		—		1.4		1.4
Income tax expense	—		—		—		1.5		1.5

Net income (loss)	$	19.6	$	(5.5)	$	5.7	$	(15.9)	$	3.9

Reconciliation of net income (loss) to Adjusted EBITDA:
Net income (loss)	19.6		(5.5)		5.7		(15.9)		3.9
Interest expense, net	—		—		—		1.4		1.4
Income tax expense	—		—		—		1.5		1.5
Depreciation and amortization	11.2		6.0		4.0		1.0		22.2
EBITDA	30.8		0.5		9.7		(12.0)		29.0

Equity based compensation	—		—		—		2.6		2.6

Gain on sale of assets	—		—		—		(1.6)		(1.6)

Severance and reorganization costs	0.7		0.1		0.1		0.1		1.0
Acquisition related costs	0.3		—		—		0.1		0.4
Legal fees and settlements	0.5		—		—		—		0.5
Adjusted EBITDA	$	32.3	$	0.6	$	9.8	$	(10.8)	$	31.9


Capital expenditures	$	16.0	$	2.3	$	11.4	$	—	$	29.7