v3.26.1
Goodwill and Acquired Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill

Changes in the carrying value of goodwill (in thousands):

 

 

Sand & Logistics

 

 

Power

 

 

Total

 

Balance at December 31, 2025

 

$

75,574

 

 

$

77,329

 

 

$

152,903

 

Acquisitions

 

 

—

 

 

 

—

 

 

 

—

 

Balance at June 30, 2026

 

$

75,574

 

 

$

77,329

 

 

$

152,903

 
Summary of Other Intangible Assets

The following table presents the detail of acquired intangible assets other than goodwill as of June 30, 2026 and December 31, 2025 (in thousands):

 

 

June 30, 2026

 

 

December 31, 2025

 

 

 

Carrying Amount

 

 

Accumulated Amortization

 

 

Net

 

 

Carrying Amount

 

 

Accumulated Amortization

 

 

Net

 

Customer relationships

 

$

159,226

 

 

$

(31,077

)

 

$

128,149

 

 

$

159,226

 

 

$

(23,124

)

 

$

136,102

 

Trade names

 

 

23,400

 

 

 

(12,769

)

 

 

10,631

 

 

 

23,400

 

 

 

(9,793

)

 

 

13,607

 

Proprietary technology

 

 

30,100

 

 

 

(4,897

)

 

 

25,203

 

 

 

30,100

 

 

 

(2,946

)

 

 

27,154

 

Total

 

$

212,726

 

 

$

(48,743

)

 

$

163,983

 

 

$

212,726

 

 

$

(35,863

)

 

$

176,863

 
Estimated Future Amortization Expense

Estimated future amortization expense is as follows (in thousands):

Remainder of 2026

 

$

12,888

 

2027

 

 

21,600

 

2028

 

 

20,633

 

2029

 

 

20,633

 

2030

 

 

19,490

 

2031

 

 

18,873

 

Thereafter

 

 

49,866

 

Total

 

$

163,983

 

The Company did not recognize impairment of definite-lived intangible assets for the three and six months ended June 30, 2026 and 2025.