v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue        
Total revenue $ 140.6 $ 138.1 $ 275.8 $ 275.0
Cost of services (exclusive of depreciation and amortization):        
Total cost of services 115.0 113.2 230.4 234.0
General and administrative 7.0 6.9 14.1 13.6
Depreciation and amortization 10.9 11.0 21.5 22.2
Impairment of assets 0.0 0.0 0.4 0.0
Gain on sale of assets (0.9) (0.3) (0.2) (1.6)
Total operating expenses 132.0 130.8 266.2 268.2
Operating income 8.6 7.3 9.6 6.8
Other income and expenses        
Interest expense, net 0.1 0.6 0.6 1.4
Other income, net (1.6) 0.0 (1.6) 0.0
Total other expenses (income), net (1.5) 0.6 (1.0) 1.4
Income before income tax expense 10.1 6.7 10.6 5.4
Income tax expense 2.8 2.0 2.7 1.5
Net income $ 7.3 $ 4.7 $ 7.9 $ 3.9
Income per common share        
Basic (in dollars per share) $ 0.33 $ 0.21 $ 0.35 $ 0.17
Diluted (in dollars per share) $ 0.32 $ 0.21 $ 0.35 $ 0.17
Weighted average common shares outstanding        
Basic (in shares) 22,457,455 22,364,422 22,384,737 22,363,364
Diluted (in shares) 22,673,369 22,480,448 22,714,732 22,488,177
High specification rigs        
Revenue        
Total revenue $ 86.3 $ 82.7 $ 173.8 $ 162.4
Cost of services (exclusive of depreciation and amortization):        
Total cost of services 68.7 65.3 138.8 131.6
Wireline services        
Revenue        
Total revenue 22.1 24.5 39.3 57.3
Cost of services (exclusive of depreciation and amortization):        
Total cost of services 20.7 24.2 41.0 56.8
Processing solutions and ancillary services        
Revenue        
Total revenue 32.2 30.9 62.7 55.3
Cost of services (exclusive of depreciation and amortization):        
Total cost of services $ 25.6 $ 23.7 $ 50.6 $ 45.6