Property, Plant and Equipment, net (Tables)

3 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment, Net

Property, plant and equipment, net includes the following (in thousands):


		March 31,		December 31,
	Useful Life	2026		2025
Aviation equipment(a)	3-10 years	$	59,548	$	43,498
Machinery and equipment	7-20 years	53,657		53,774
Buildings and leasehold improvements	15-39 years	29,806		30,100
Drilling rigs and directional drilling equipment	3-15 years	13,085		13,062
Vehicles, trucks and trailers	5-10 years	13,061		13,044
Rail improvements	10-20 years	11,759		11,759
Land	N/A	6,025		6,025
Other property, plant and equipment	3-15 years	6,685		6,721
		193,626		177,983
Equipment not yet placed in service		19,893		25,970
		213,519		203,953
Less: Accumulated depreciation(b)		100,291		97,856
Total property, plant and equipment, net		$	113,228	$	106,097

(a) This equipment relates to assets leased and available to be leased to customers under operating leases.

(b) Includes accumulated depreciation of $8.1 million and $5.7 million at March 31, 2026 and December 31, 2025, respectively, related to assets under operating leases.

Schedule of Depreciation, Depletion, Accretion and Amortization Expense

A summary of depreciation, depletion, amortization and accretion is below (in thousands):


	Three Months Ended March 31,
	2026		2025
Depreciation	$	3,432	$	2,036
Amortization	14		14
Depletion and accretion	24		33
Depreciation, depletion, amortization and accretion	$	3,470	$	2,083