v3.26.1
Discontinued Operations (Tables)
 3 Months Ended
Mar. 31, 2026
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 thousands):
T&D TransactionPressure Pumping TransactionEngineering Transaction
March 31,December 31, March 31,December 31, March 31,December 31,
202620252026202520262025
Carrying amounts of the major classes of assets included in discontinued operations:
Cash and cash equivalents$— $— $43 $50 $— $— 
Restricted cash— — — — — — 
Accounts receivable, net— — 1,003 1,036 — — 
Inventories— — 264 264 — — 
Other current assets— — 53 168 — — 
Total current assets of discontinued operations— — 1,363 1,518 — — 
Property, plant and equipment, net— — 6 3,678 — — 
Operating lease right-of-use assets— — — — — — 
Goodwill— — — — — — 
Other non-current assets— — — — — — 
Total noncurrent assets of discontinued operations— — 6 3,678 — — 
Total assets of discontinued operations$— $— $1,369 $5,196 $— $— 
Carrying amounts of the major classes of liabilities included in discontinued operations:
Accounts payable$— $— $65 $41 $— $— 
Accrued expenses and other current liabilities— — 230 342 — — 
Current operating lease liabilities— — — — — — 
Income taxes payable— — — — — — 
Total current liabilities of discontinued operations— — 295 383 — — 
Long-term operating lease liabilities— — — — — — 
Other long-term liabilities— — — — — — 
Total noncurrent liabilities of discontinued operations— — — — — — 
Total liabilities of discontinued operations$— $— $295 $383 $— $— 
The following tables present the major components from discontinued operations in the Company’s unaudited condensed consolidated statements of operations and comprehensive income (loss) (in thousands):
T&D TransactionPressure Pumping TransactionEngineering Transaction
Three Months Ended March 31,Three Months Ended March 31,Three Months Ended March 31,
202620252026202520262025
Services revenue$— $26,050 $— $20,822 $— $3,963 
COST, EXPENSES AND GAINS
Cost of revenue2 21,547 188 18,846 — 2,932 
Selling, general and administrative52 1,472 62 575 — 377 
Depreciation and amortization— 861 2 3,090 — 7 
Gains on disposal of assets, net— (165)(855)(381)— — 
Total cost, expenses and gains, net54 23,715 (603)22,130 — 3,316 
Operating (loss) income (54)2,335 603 (1,308)— 647 
OTHER (INCOME) EXPENSE
Interest expense (income), net— 56 44 (97)— (25)
Other expense, net— 5 2 1 — — 
Total other expense (income), net— 61 46 (96)— (25)
Loss (income) before income taxes(54)2,274 557 (1,212)— 672 
Provision (benefit) for income taxes— 22 — — — — 
Net (loss) income from discontinued operations, net of income taxes$(54)$2,252 $557 $(1,212)$— $672