v3.26.1
Revenues
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Disaggregation of Revenues
The following tables show revenue disaggregated by product line:
SuccessorPredecessor
Three Months Ended June 30, 2026Three Months Ended June 30, 2025
(in thousands)(in thousands)
Cement$55,279 $52,181 
Coiled tubing26,441 25,072 
Wireline22,959 32,958 
Service revenues$104,679 $110,211 
Tools$37,127 $37,040 
Product revenues$37,127 $37,040 
Total revenues$141,806 $147,251 
SuccessorPredecessor
Period from March 6, 2026 through June 30, 2026Period from January 1, 2026 through March 5, 2026Six Months Ended June 30, 2025
(in thousands)(in thousands)
Cement$72,832 $35,870 $109,349 
Coiled tubing34,553 18,779 54,928 
Wireline30,433 16,464 62,561 
Service revenues$137,818 $71,113 $226,838 
Tools$45,591 $17,279 $70,879 
Product revenues$45,591 $17,279 $70,879 
Total revenues$183,409 $88,392 $297,717 
The Company recognizes revenues from the sales of products at a point in time and revenues from the sales of services over time.
Accounts Receivable, Net
Accounts receivable, net as of June 30, 2026 and December 31, 2025 are detailed below:
SuccessorPredecessor
June 30, 2026December 31, 2025
(in thousands)(in thousands)
Accounts receivable$91,603 $76,703 
Allowance for doubtful accounts(4)(724)
Accounts receivable, net$91,599 $75,979