v3.26.1
Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Major Components of Discontinued Operations
The following table presents the major classes of assets and liabilities of discontinued operations (in thousands):
T&D TransactionPressure Pumping TransactionEngineering Transaction
June 30,December 31, June 30,December 31, June 30,December 31,
202620252026202520262025
Carrying amounts of the major classes of assets included in discontinued operations:
Cash and cash equivalents$— $— $55 $50 $— $— 
Accounts receivable, net— — 1,003 1,036 — — 
Inventories— — 264 264 — — 
Other current assets— — 12 168 — — 
Total current assets of discontinued operations— — 1,334 1,518 — — 
Property, plant and equipment, net— — 6 3,678 — — 
Total noncurrent assets of discontinued operations— — 6 3,678 — — 
Total assets of discontinued operations$— $— $1,340 $5,196 $— $— 
Carrying amounts of the major classes of liabilities included in discontinued operations:
Accounts payable$— $— $76 $41 $— $— 
Accrued expenses and other current liabilities— — 222 342 — — 
Total current liabilities of discontinued operations— — 298 383 — — 
Total liabilities of discontinued operations$— $— $298 $383 $— $— 
The following tables present the major components from discontinued operations in the Company’s unaudited condensed consolidated statements of operations and comprehensive income (loss) (in thousands):
T&D TransactionPressure Pumping TransactionEngineering Transaction
Three Months Ended June 30,Three Months Ended June 30,Three Months Ended June 30,
202620252026202520262025
Services revenue$— $3,502 $— $20,887 $— $4,055 
COST, EXPENSES AND GAINS
Cost of revenue(15)3,831 (488)20,660 — 2,942 
Selling, general and administrative25 374 7 666 — 382 
Depreciation and amortization— 96 — 2,614 — 6 
Gains on disposal of assets, net— 146 — (256)— — 
Impairment of goodwill— — — 9,214 — — 
Total cost, expenses and gains, net10 4,447 (481)32,898 — 3,330 
Operating (loss) income (10)(945)481 (12,011)— 725 
OTHER (INCOME) EXPENSE
Interest expense (income), net— 3 6 (368)— (107)
Other (income) expense, net— (127)— 2 — 1 
(Gain) loss on divestiture— (83,747)— 24,974 27 — 
Total other expense (income), net— (83,871)6 24,608 27 (106)
(Loss) income before income taxes(10)82,926 475 (36,619)(27)831 
Provision (benefit) for income taxes— 3,028 — (1,262)— 1 
Net (loss) income from discontinued operations, net of income taxes$(10)$79,898 $475 $(35,357)$(27)$830 
T&D TransactionPressure Pumping TransactionEngineering Transaction
Six Months Ended June 30,Six Months Ended June 30,Six Months Ended June 30,
202620252026202520262025
Services revenue$— $29,553 $— $41,709 $— $8,018 
COST, EXPENSES AND GAINS
Cost of revenue(14)25,378 (299)39,507 — 5,874 
Selling, general and administrative77 1,846 70 1,242 — 759 
Depreciation and amortization— 957 3 5,704 — 13 
Gains on disposal of assets, net— (20)(855)(637)— — 
Impairment of goodwill— — — 9,214 — — 
Total cost, expenses and gains, net63 28,161 (1,081)55,030 — 6,646 
Operating (loss) income (63)1,392 1,081 (13,321)— 1,372 
OTHER (INCOME) EXPENSE
Interest expense (income), net— 59 50 (465)— (130)
Other (income) expense, net— (122)1 3 — 1 
(Gain) loss on divestiture— (83,747)— 24,974 27 — 
Total other expense (income), net— (83,810)51 24,512 27 (129)
(Loss) income before income taxes(63)85,202 1,030 (37,833)(27)1,501 
Provision (benefit) for income taxes— 3,050 — (1,262)— 1 
Net (loss) income from discontinued operations, net of income taxes$(63)$82,152 $1,030 $(36,571)$(27)$1,500