v3.25.4
Reporting Segments and Geographic Areas (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment The following tables set forth certain financial information with respect to the Company’s reportable segments (in thousands):
Year Ended December 31, 2025RentalsInfrastructureSandAccommodationsDrillingTotal
Revenue from external and related party customers$11,025 $4,086 $16,552 $8,954 $3,675 $44,292 
Intersegment revenue73 — — — — 73 
11,098 4,086 16,552 8,954 3,675 44,365 
Reconciliation of Revenue
Eliminations(a)
(73)
Total consolidated revenue$44,292 
Less segment expenses:
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion, inclusive of related parties$6,701 $5,893 $18,117 $5,951 $3,765 
Selling, general and administrative, exclusive of stock based compensation4,155 1,019 5,131 1,957 944 
Segment Adjusted EBITDA$242 $(2,826)$(6,696)$1,046 $(1,034)$(9,268)
Reconciliation of total segment Adjusted EBITDA
Less:
Other(b)
$8,163 
Depreciation, depletion, amortization and accretion10,292 
Gains on disposal of assets, net(2,371)
Impairment of long-lived assets31,669 
Stock based compensation412 
Interest expense and financing charges, net(1,670)
Other expense, net 3,906 
Loss from continuing operations before income taxes$(59,669)
Year Ended December 31, 2024RentalsInfrastructureSandAccommodationsDrillingTotal
Revenue from external customers$6,712 $1,476 $19,057 $10,851 $3,558 $41,654 
Intersegment revenue393 — — — — 393 
7,105 1,476 19,057 10,851 3,558 42,047 
Reconciliation of Revenue
Other(b)
3,950 
Eliminations(a)
(398)
Total consolidated revenue$45,599 
Less segment expenses:
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion, inclusive of related parties4,955 2,280 17,791 6,397 4,373 
Selling, general and administrative, exclusive of stock based compensation1,851 880 6,741 2,361 1,338 
Segment Adjusted EBITDA$299 $(1,684)$(5,475)$2,093 $(2,153)$(6,920)
Reconciliation of total segment Adjusted EBITDA
Less:
Other(b)
$103,609 
Depreciation, depletion, amortization and accretion11,715 
Gains on disposal of assets, net(2,762)
Stock based compensation875 
Interest expense and financing charges, net9,497 
Other expense (income), net64,564 
Loss from continuing operations before income taxes$(194,418)
(a) Includes eliminations for intersegment transactions.
(b) Includes activity related to non-operating legacy services that are no longer active.
RentalsInfrastructureSandAccommodationsDrillingTotal
As of December 31, 2025:
Total assets for reportable segments$75,004 $2,598 $68,028 $14,309 $1,859 $161,798 
Other assets(a)
167,900 
Total consolidated assets, excluding discontinued operations$329,698 
As of December 31, 2024:
Total assets for reportable segments$8,451 $1,803 $118,855 $12,811 $1,870 $143,790 
Other assets(a)
130,049 
Total consolidated assets, excluding discontinued operations$273,839 
(a) Includes assets related to non-operating legacy services that are no longer active as well as corporate related assets, which include cash and cash equivalents, marketable securities, restricted cash and other current assets.
Following is a breakout of purchases of property, plant and equipment for the periods indicated (in thousands):
Year Ended December 31,
20252024
Rentals$69,953 $351 
Infrastructure128 299 
Accommodations343 161 
Drilling128 184 
Total segment purchases of property, plant and equipment70,552 995 
Other(a)
— 219 
Total consolidated purchases of property, plant and equipment, excluding discontinued operations$70,552 $1,214 
(a) Includes purchases related to non-operating legacy services that are no longer active.
Schedule of Revenue by Country
The following table presents consolidated revenues by country based on sales destination of the products or services (in thousands):
Year Ended December 31,
20252024
United States$27,508 $23,550 
Canada16,708 22,033 
Other76 16 
Total$44,292 $45,599 
Schedule of Long-lived Assets by Country
The following table presents long-lived assets, excluding deferred income tax assets, by country (in thousands):
Year Ended December 31,
20252024
United States$146,537 $127,712 
Canada7,531 7,549 
Total$154,068 $135,261