v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating revenues:        
Revenues $ 1,227,967 $ 1,219,320 $ 2,345,298 $ 2,499,857
Operating costs and expenses:        
Depreciation, depletion, amortization and impairment 217,781 261,858 436,175 493,724
General and administrative 67,505 64,108 136,268 131,038
Other operating expense (income), net 2,314 (6,523) (2,350) (3,141)
Total operating costs and expenses 1,234,929 1,248,806 2,366,577 2,512,398
Operating income (loss) (6,962) (29,486) (21,279) (12,541)
Other income (expense):        
Interest income 2,902 1,272 5,667 2,736
Interest expense, net of amount capitalized (20,398) (17,645) (37,883) (35,342)
Other income (expense) (3,464) (1,644) (2,499) 324
Total other income (expense) (20,960) (18,017) (34,715) (32,282)
Income (loss) before income taxes (27,922) (47,503) (55,994) (44,823)
Income tax expense (benefit) (8,647) 1,194 (12,243) 2,584
Net income (loss) (19,275) (48,697) (43,751) (47,407)
Net income (loss) attributable to noncontrolling interest 327 447 478 732
Net income (loss) attributable to common stockholders $ (19,602) $ (49,144) $ (44,229) $ (48,139)
Net income (loss) attributable to common stockholder per common share:        
Basic (in usd per share) $ (0.05) $ (0.13) $ (0.12) $ (0.12)
Diluted (in usd per share) $ (0.05) $ (0.13) $ (0.12) $ (0.12)
Weighted average number of common shares outstanding:        
Basic (in shares) 380,192 385,365 379,891 385,940
Diluted (in shares) 380,192 385,365 379,891 385,940
Cash dividends per common share (in usd per share) $ 0.10 $ 0.08 $ 0.20 $ 0.16
Drilling Services        
Operating revenues:        
Revenues $ 373,501 $ 403,805 $ 725,218 $ 816,665
Operating costs and expenses:        
Operating costs and expenses 259,619 254,772 477,480 502,401
Completion Services        
Operating revenues:        
Revenues 753,641 719,332 1,433,228 1,485,412
Operating costs and expenses:        
Operating costs and expenses 630,716 619,083 1,212,202 1,276,764
Drilling Products        
Operating revenues:        
Revenues 91,333 88,390 171,130 174,053
Operating costs and expenses:        
Operating costs and expenses 54,194 49,335 101,118 96,275
Other        
Operating revenues:        
Revenues 9,492 7,793 15,722 23,727
Operating costs and expenses:        
Operating costs and expenses $ 2,800 $ 6,173 $ 5,684 $ 15,337