v3.25.2
Segment Reporting (Details)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
segment
Jun. 30, 2024
USD ($)
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]        
Number of reportable segments | segment     3  
Number of operating segments | segment     3  
Segment Reporting        
Revenue $ 140.6 $ 138.1 $ 275.8 $ 275.0
Employee expenses 76.0 63.1 141.6 142.5
Repair and maintenance 14.3 15.2 27.3 25.2
Other segment items 31.7 41.8 75.6 79.9
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)
Operating income 8.6 7.3 9.6 6.8
Interest expense, net 0.1 0.6 0.6 1.4
Income tax expense 2.8 2.0 2.7 1.5
Other income, net (1.6) 0.0 (1.6) 0.0
Net income 7.3 4.7 7.9 3.9
EBITDA 21.1 18.3 32.7 29.0
Equity based compensation 1.7 1.4 3.2 2.6
Severance and reorganization costs 0.1 1.0 0.7 1.0
Acquisition related costs 0.2 0.1 0.6 0.4
Legal fees and settlements   0.5 0.3 0.5
Employee retention credit (1.6)   (1.6)  
Adjusted EBITDA 20.6 21.0 36.1 31.9
Capital expenditures 8.8 19.8 17.8 29.7
Operating Segments | High Specification Rigs        
Segment Reporting        
Revenue 86.3 82.7 173.8 162.4
Employee expenses 44.8 42.4 89.9 86.0
Repair and maintenance 8.3 7.1 16.3 14.5
Other segment items 15.6 15.8 32.6 31.1
Depreciation and amortization 5.6 5.6 11.0 11.2
Impairment of assets     0.0  
Gain on sale of assets 0.0 0.0 0.0 0.0
Operating income 12.0 11.8 24.0 19.6
Interest expense, net 0.0 0.0 0.0 0.0
Income tax expense 0.0 0.0 0.0 0.0
Other income, net 0.0   0.0  
Net income 12.0 11.8 24.0 19.6
EBITDA 17.6 17.4 35.0 30.8
Equity based compensation 0.0 0.0 0.0 0.0
Severance and reorganization costs 0.0 0.7 0.0 0.7
Acquisition related costs 0.0 0.1 0.0 0.3
Legal fees and settlements   0.5 0.0 0.5
Employee retention credit 0.0   0.0  
Adjusted EBITDA 17.6 18.7 35.0 32.3
Capital expenditures 7.2 11.5 14.5 16.0
Operating Segments | Wireline Services        
Segment Reporting        
Revenue 22.1 24.5 39.3 57.3
Employee expenses 9.5 6.9 19.0 26.0
Repair and maintenance 2.2 4.2 4.5 5.7
Other segment items 9.0 13.1 17.5 25.1
Depreciation and amortization 2.6 2.9 5.3 6.0
Impairment of assets     0.0  
Gain on sale of assets 0.0 0.0 0.0 0.0
Operating income (1.2) (2.6) (7.0) (5.5)
Interest expense, net 0.0 0.0 0.0 0.0
Income tax expense 0.0 0.0 0.0 0.0
Other income, net 0.0   0.0  
Net income (1.2) (2.6) (7.0) (5.5)
EBITDA 1.4 0.3 (1.7) 0.5
Equity based compensation 0.0 0.0 0.0 0.0
Severance and reorganization costs 0.0 0.1 0.6 0.1
Acquisition related costs 0.2 0.0 0.4 0.0
Legal fees and settlements   0.0 0.0 0.0
Employee retention credit 0.0   0.0  
Adjusted EBITDA 1.6 0.4 (0.7) 0.6
Capital expenditures 0.0 0.9 0.0 2.3
Operating Segments | Processing Solutions and Ancillary Services        
Segment Reporting        
Revenue 32.2 30.9 62.7 55.3
Employee expenses 17.2 9.6 23.7 22.4
Repair and maintenance 3.8 3.9 6.5 5.0
Other segment items 4.6 10.2 20.4 18.2
Depreciation and amortization 2.1 2.0 4.3 4.0
Impairment of assets     0.0  
Gain on sale of assets 0.0 0.0 0.0 0.0
Operating income 4.5 5.2 7.8 5.7
Interest expense, net 0.0 0.0 0.0 0.0
Income tax expense 0.0 0.0 0.0 0.0
Other income, net 0.0   0.0  
Net income 4.5 5.2 7.8 5.7
EBITDA 6.6 7.2 12.1 9.7
Equity based compensation 0.0 0.0 0.0 0.0
Severance and reorganization costs 0.0 0.1 0.0 0.1
Acquisition related costs 0.0 0.0 0.1 0.0
Legal fees and settlements   0.0 0.0 0.0
Employee retention credit 0.0   0.0  
Adjusted EBITDA 6.6 7.3 12.2 9.8
Capital expenditures 1.6 7.4 3.3 11.4
Other        
Segment Reporting        
Revenue 0.0 0.0 0.0 0.0
Employee expenses 4.5 4.2 9.0 8.1
Repair and maintenance 0.0 0.0 0.0 0.0
Other segment items 2.5 2.7 5.1 5.5
Depreciation and amortization 0.6 0.5 0.9 1.0
Impairment of assets     0.4  
Gain on sale of assets (0.9) (0.3) (0.2) (1.6)
Operating income (6.7) (7.1) (15.2) (13.0)
Interest expense, net 0.1 0.6 0.6 1.4
Income tax expense 2.8 2.0 2.7 1.5
Other income, net (1.6)   (1.6)  
Net income (8.0) (9.7) (16.9) (15.9)
EBITDA (4.5) (6.6) (12.7) (12.0)
Equity based compensation 1.7 1.4 3.2 2.6
Severance and reorganization costs 0.1 0.1 0.1 0.1
Acquisition related costs 0.0 0.0 0.1 0.1
Legal fees and settlements   0.0 0.3 0.0
Employee retention credit (1.6)   (1.6)  
Adjusted EBITDA (5.2) (5.4) (10.4) (10.8)
Capital expenditures $ 0.0 $ 0.0 $ 0.0 $ 0.0