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
Total revenue $ 371,238 $ 383,152 $ 745,005 $ 730,315
Total cost of sales, exclusive of depreciation and amortization 126,726 146,038 253,070 271,094
Selling, general and administrative 39,641 36,244 84,872 73,451
Depreciation and amortization 71,478 63,139 141,212 120,759
Long-lived and other asset impairment 4,881 10,847 10,140 11,819
Restructuring charges 125 144 261 809
Debt extinguishment gain (687)   (687)  
Interest expense 37,016 41,711 76,526 79,452
Transaction-related costs 328 6,127 924 10,062
Gain on sale of assets, net (297) (4,297) (10,413) (11,632)
Other income, net (967) (2,841) (1,572) (3,525)
Income before income taxes 92,994 86,040 190,672 178,026
Provision for income taxes 25,821 22,433 49,225 43,569
Income before equity in net loss of unconsolidated affiliate 67,173 63,607 141,447 134,457
Equity in net loss of unconsolidated affiliate 453 187 933 187
Net income $ 66,720 $ 63,420 $ 140,514 $ 134,270
Basic earnings per common share (in dollars per share) $ 0.38 $ 0.36 $ 0.79 $ 0.76
Diluted earnings per common share (in dollars per share) $ 0.38 $ 0.36 $ 0.79 $ 0.76
Weighted-average common shares outstanding:        
Basic (in shares) 174,410 175,007 174,248 174,513
Diluted (in shares) 174,744 175,264 174,626 174,821
Contract operations        
Total revenue $ 329,260 $ 318,327 $ 660,140 $ 618,724
Total cost of sales, exclusive of depreciation and amortization 94,672 96,152 187,943 185,951
Aftermarket services        
Total revenue 41,978 64,825 84,865 111,591
Total cost of sales, exclusive of depreciation and amortization $ 32,054 $ 49,886 $ 65,127 $ 85,143