v3.26.1
Goodwill and Acquired Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill

Changes in the carrying value of goodwill (in thousands):

 

 

Sand & Logistics

 

 

Power

 

 

Total

 

Balance at December 31, 2025

 

$

75,574

 

 

$

77,329

 

 

$

152,903

 

Acquisitions

 

 

—

 

 

 

—

 

 

 

—

 

Balance at March 31, 2026

 

$

75,574

 

 

$

77,329

 

 

$

152,903

 
Summary of Other Intangible Assets

The following table presents the detail of acquired intangible assets other than goodwill as of March 31, 2026 and December 31, 2025 (in thousands):

 

 

March 31, 2026

 

 

December 31, 2025

 

 

 

Carrying Amount

 

 

Accumulated Amortization

 

 

Net

 

 

Carrying Amount

 

 

Accumulated Amortization

 

 

Net

 

Customer relationships

 

$

159,226

 

 

$

(27,100

)

 

$

132,126

 

 

$

159,226

 

 

$

(23,124

)

 

$

136,102

 

Trade names

 

 

23,400

 

 

 

(11,281

)

 

 

12,119

 

 

 

23,400

 

 

 

(9,793

)

 

 

13,607

 

Proprietary technology

 

 

30,100

 

 

 

(3,922

)

 

 

26,178

 

 

 

30,100

 

 

 

(2,946

)

 

 

27,154

 

Total

 

$

212,726

 

 

$

(42,303

)

 

$

170,423

 

 

$

212,726

 

 

$

(35,863

)

 

$

176,863

 
Estimated Future Amortization Expense

Estimated future amortization expense is as follows (in thousands):

Remainder of 2026

 

$

19,332

 

2027

 

 

21,600

 

2028

 

 

20,633

 

2029

 

 

20,633

 

2030

 

 

19,490

 

2031

 

 

18,873

 

Thereafter

 

 

49,862

 

Total

 

$

170,423

 

The Company did not recognize impairment of definite-lived intangible assets for the three months ended March 31, 2026 and 2025.