v3.26.1
Property and Equipment
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following at June 30, 2026 and December 31, 2025 (in thousands):
June 30, 2026December 31, 2025
Equipment$7,983,282 $8,224,950 
Oil and natural gas properties251,422 248,088 
Buildings and improvements228,583 235,621 
Rental equipment156,084 155,385 
Land and improvements36,295 39,591 
Total property and equipment8,655,666 8,903,635 
Less accumulated depreciation, depletion, amortization and impairment(6,057,253)(6,192,598)
Property and equipment, net$2,598,413 $2,711,037 
Depreciation, depletion, amortization and impairment — The following table summarizes depreciation, depletion, amortization and impairment expense related to property and equipment and intangible assets for the three and six months ended June 30, 2026 and 2025 (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Depreciation expense$183,264 $197,562 $368,555 $395,045 
Amortization expense31,883 31,922 63,717 62,767 
Depletion expense1,453 1,635 2,722 3,500 
Impairment expense1,181 30,739 1,181 32,412 
Total$217,781 $261,858 $436,175 $493,724 
We review our long-lived assets, including property and equipment and definite-lived intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying amounts of certain assets may not be recovered over their
estimated remaining useful lives (a “triggering event”). As of June 30, 2026, we concluded no triggering event that could indicate possible impairment of property and equipment had occurred.