v3.25.4
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Major Components of Discontinued Operations
The following table presents the major classes of assets and liabilities of discontinued operations in the Company’s consolidated balance sheets (in thousands):
T&D TransactionPressure Pumping TransactionEngineering Transaction
December 31,December 31,December 31,
202520242025202420252024
Carrying amounts of the major classes of assets included in discontinued operations:
Cash and cash equivalents$— $— $50 $122 $— $— 
Restricted cash— 2,000 — — — — 
Accounts receivable, net— 22,408 1,036 12,843 — 3,097 
Inventories— — 264 8,271 — — 
Other current assets— 404 168 338 — 526 
Total current assets of discontinued operations— 24,812 1,518 21,574 — 3,623 
Property, plant and equipment, net— 13,190 3,678 35,166 — 74 
Operating lease right-of-use assets— 1,202 — 494 — 768 
Goodwill— — — 9,214 — — 
Other non-current assets— 75 — — — — 
Total noncurrent assets of discontinued operations— 14,467 3,678 44,874 — 842 
Total assets of discontinued operations$— $39,279 $5,196 $66,448 $— $4,465 
Carrying amounts of the major classes of liabilities included in discontinued operations:
Accounts payable$— $4,673 $41 $14,346 $— $1,333 
Accrued expenses and other current liabilities— 6,621 342 784 — 972 
Current operating lease liabilities— 248 — 302 — 258 
Total current liabilities of discontinued operations— 11,542 383 15,432 — 2,563 
Long-term operating lease liabilities— 954 — — — 522 
Other long-term liabilities— 6,415 — — — 31 
Total noncurrent liabilities of discontinued operations— 7,369 — — — 553 
Total liabilities of discontinued operations$— $18,911 $383 $15,432 $— $3,116 
The following table presents the major components from discontinued operations in the Company’s consolidated statements of operations and comprehensive income (loss) (in thousands):

T&D TransactionPressure Pumping TransactionEngineering Transaction
Years Ended December 31,Years Ended December 31,Years Ended December 31,
202520242025202420252024
Services revenue$29,553 $91,644 $41,916 $33,425 $14,572 $17,263 
COST, EXPENSES AND GAINS
Cost of revenue 26,450 76,431 43,255 38,769 11,171 13,017 
Selling, general and administrative1,910 6,245 1,728 2,339 1,489 1,769 
Depreciation and amortization957 2,573 5,766 10,761 20 29 
(Gains) losses on disposal of assets, net(20)(1,304)(1,233)52 — — 
Impairment of goodwill— — 9,214 — — — 
Impairment of long-lived assets— — 597 — — — 
Total cost, expenses and gains, net29,297 83,945 59,327 51,921 12,680 14,815 
Operating income (loss)256 7,699 (17,411)(18,496)1,892 2,448 
OTHER (INCOME) EXPENSE
Interest expense (income), net59 13,942 (348)1,769 (470)(6)
Other (income) expense, net(29)55 279 2 (58)— 
(Gain) loss on divestiture(83,747)— 24,974 — (24,635)— 
Total other (income) expense, net(83,717)13,997 24,905 1,771 (25,163)(6)
Income (loss) before income taxes83,973 (6,298)(42,316)(20,267)27,055 2,454 
Provision (benefit) for income taxes1,617 90 (1,262)— 4 13 
Net income (loss) from discontinued operations, net of income taxes$82,356 $(6,388)$(41,054)$(20,267)$27,051 $2,441