v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 4,427 $ 8,311
Less: Net income from discontinued operations, net of income taxes 940 47,081
Net income (loss) from continuing operations 3,487 (38,770)
Adjustments to reconcile net income (loss) from continuing operations to net cash used in operating activities:    
Stock based compensation 0 412
Depreciation, depletion, amortization and accretion 8,104 4,910
Amortization of debt origination costs 1,432 354
Gains on disposal of assets, net (5,316) (4,549)
Gains from sale of aviation equipment (700) 0
Gains from sales of equipment damaged or lost down-hole (230) 0
Impairment of long-lived assets 0 31,669
Gain on marketable securities, net (5,987) 0
Other 1,750 (1,839)
Changes in assets and liabilities:    
Accounts receivable, net (9,331) (702)
Inventories (6,960) 531
Other current assets 532 3,271
Accounts payable 187 (1,588)
Accrued expenses and other liabilities 1,273 (4,893)
Income taxes payable 1,535 3,440
Net cash used in operating activities from continuing operations (10,224) (7,754)
Net cash provided by (used in) operating activities from discontinued operations 200 (2,059)
Net cash used in operating activities (10,024) (9,813)
Cash flows from investing activities:    
Purchases of property, plant and equipment (55,669) (27,334)
Business acquisitions, net of cash transferred (5,748) 0
Proceeds from disposal of property, plant and equipment 8,383 4,942
Proceeds from sale of aviation equipment 8,500 0
Purchases of marketable securities (7,929) 0
Distributions received from publicly traded limited partnerships 665 0
Proceeds from sale of marketable securities 6,736 0
Net cash used in investing activities from continuing operations (45,062) (22,392)
Net cash provided by investing activities from discontinued operations 4,581 111,258
Net cash (used in) provided by investing activities (40,481) 88,866
Cash flows from financing activities:    
Principal payments on finance leases and equipment financing notes (136) (253)
Common stock repurchased and retired (534) 0
Net cash used in financing activities from continuing operations (670) (253)
Net cash used in financing activities from discontinued operations 0 (3,848)
Net cash used in financing activities (670) (4,101)
Effect of foreign exchange rate on cash (111) 113
Net (decrease) increase in cash, cash equivalents and restricted cash (51,286) 75,065
Cash, cash equivalents and restricted cash at beginning of period 114,124 82,326
Cash, cash equivalents and restricted cash at end of period 62,838 157,391
Cash, cash equivalents and restricted cash at end of period 62,838 157,391
Less: Cash, cash equivalents and restricted cash of discontinued operations at end of period 55 88
Cash, cash equivalents and restricted cash of continuing operations 62,783 157,303
Supplemental disclosure of cash flow information for continuing operations:    
Cash paid for interest 96 381
Cash paid for income taxes, net of refunds received 819 395
Supplemental disclosure of non-cash transactions for continuing operations:    
Purchases of property, plant and equipment included in accounts payable and accrued expenses 2,086 151
Right-of-use assets obtained for finance lease liabilities $ 395 $ 0