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 amounts as of June 30, 2026 and December 31, 2025 were as follows:
SuccessorPredecessor
Estimated
Useful Lives		June 30, 2026December 31, 2025
(in thousands)(in thousands)
Operating equipment
1 to 12 years
$104,621 $321,177 
Autos and trucks
1 to 7 years
305 2,904 
Furniture, fixtures, and equipment
1 to 12 years
219 2,328 
Shop equipment
3 to 15 years
3,279 11,639 
Buildings
7 to 39 years
3,022 4,775 
Leasehold improvements
3 to 11 years
1,806 4,283 
Landindefinite2,539 3,219 
115,791 350,325 
Less: Accumulated depreciation(9,219)(286,059)
Property and equipment, net$106,572 $64,266 
Depreciation expense was $7.0 million, $9.2 million, and $4.0 million for the 2026 Successor Quarter, the 2026 Successor Period, and the 2026 Predecessor Period, respectively.
Depreciation expense was $5.8 million and $11.6 million for the 2025 Predecessor Quarter and 2025 Predecessor Period, respectively.