| Schedule of segment reporting information by segment |
| | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, | | | Nine months ended September 30, | | | | | Technical | | Support | | | | Technical | | Support | | | | | | | Services | | Services | | Total | | Services | | Services | | Total | | (in thousands) | | | | | | | | | | | | | | | | | | | | | 2026 | | | | | | | | | | | | | | | | | | | | | Revenues | | $ | 444,234 | | $ | 23,501 | | $ | 467,735 | | | $ | 1,316,631 | | $ | 66,728 | | $ | 1,383,359 | | | | | | | | | | | | | | | | | | | | | | | Employment costs (1) | | | 100,723 | | | 5,287 | | | 106,010 | | | | 298,973 | | | 15,917 | | | 314,890 | | Materials and supplies | | | 129,038 | | | 883 | | | 129,921 | | | | 409,585 | | | 2,793 | | | 412,378 | | Maintenance & repairs | | | 56,884 | | | 2,963 | | | 59,847 | | | | 156,555 | | | 8,974 | | | 165,529 | | Fleet and transportation | | | 17,594 | | | 751 | | | 18,345 | | | | 55,759 | | | 2,594 | | | 58,353 | | Other cost of revenues (2) | | | 34,487 | | | 1,142 | | | 35,629 | | | | 96,427 | | | 3,478 | | | 99,905 | | Cost of revenues (exclusive of depreciation and amortization) | | $ | 338,726 | | $ | 11,026 | | $ | 349,752 | | | $ | 1,017,299 | | $ | 33,756 | | $ | 1,051,055 | | | | | | | | | | | | | | | | | | | | | | | Employment costs (1) | | | 19,881 | | | 2,847 | | | 22,728 | | | | 54,310 | | | 8,227 | | | 62,537 | | Enterprise shared services (3) | | | 9,323 | | | 431 | | | 9,754 | | | | 28,560 | | | 1,334 | | | 29,894 | | Other selling, general and administrative expenses (4) | | | 9,082 | | | 1,349 | | | 10,431 | | | | 28,153 | | | 4,624 | | | 32,777 | | Selling, general and administrative expenses | | $ | 38,286 | | $ | 4,627 | | $ | 42,913 | | | $ | 111,023 | | $ | 14,185 | | $ | 125,208 | | | | | | | | | | | | | | | | | | | | | | | Segment depreciation and amortization | | | 38,357 | | | 4,280 | | | 42,637 | | | | 115,904 | | | 12,528 | | | 128,432 | | Segment operating income | | $ | 28,865 | | $ | 3,568 | | $ | 32,433 | | | $ | 72,405 | | $ | 6,259 | | $ | 78,664 | | Unallocated corporate expenses (5) | | | | | | | | | 7,921 | | | | | | | | | | 25,397 | | Acquisition related employment costs | | | | | | | | | 7,292 | | | | | | | | | | 21,875 | | Impairment charges (6) | | | | | | | | | 74,464 | | | | | | | | | | 74,464 | | Gain on disposition of assets, net | | | | | | | | | (3,471) | | | | | | | | | | (6,690) | | Operating loss | | | | | | | | $ | (53,773) | | | | | | | | | $ | (36,382) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, | | Nine months ended September 30, | | | | Technical | | Support | | | Technical | | Support | | | | | | Services | | Services | | Total | Services | | Services | | Total | (in thousands) | | | | | | | | | | | | | | | | | | 2025 | | | | | | | | | | | | | | | | | | Revenues | | $ | 422,206 | | $ | 24,897 | | $ | 447,103 | $ | 1,130,804 | | $ | 69,985 | | $ | 1,200,789 | | | | | | | | | | | | | | | | | | | Employment costs (1) | | | 102,133 | | | 5,749 | | | 107,882 | | 277,019 | | | 16,316 | | | 293,335 | Materials and supplies | | | 113,119 | | | 984 | | | 114,103 | | 298,586 | | | 2,779 | | | 301,365 | Maintenance & repairs | | | 59,967 | | | 3,444 | | | 63,411 | | 155,483 | | | 8,990 | | | 164,473 | Fleet and transportation | | | 14,140 | | | 793 | | | 14,933 | | 37,749 | | | 2,281 | | | 40,030 | Other cost of revenues (2) | | | 33,155 | | | 1,189 | | | 34,344 | | 93,471 | | | 3,640 | | | 97,111 | Cost of revenues (exclusive of depreciation and amortization) | | $ | 322,514 | | $ | 12,159 | | $ | 334,673 | $ | 862,308 | | $ | 34,006 | | $ | 896,314 | | | | | | | | | | | | | | | | | | | Employment costs (1) | | | 17,465 | | | 2,620 | | | 20,085 | | 48,015 | | | 7,737 | | | 55,752 | Enterprise shared services (3) | | | 6,824 | | | 207 | | | 7,031 | | 25,969 | | | 1,092 | | | 27,061 | Other selling, general and administrative expenses (4) | | | 9,944 | | | 2,240 | | | 12,184 | | 23,817 | | | 4,358 | | | 28,175 | Selling, general and administrative expenses | | $ | 34,233 | | $ | 5,067 | | $ | 39,300 | $ | 97,801 | | $ | 13,187 | | $ | 110,988 | | | | | | | | | | | | | | | | | | | Segment depreciation and amortization | | | 41,011 | | | 3,067 | | | 44,078 | | 111,121 | | | 10,888 | | | 122,009 | Segment operating income | | $ | 24,448 | | $ | 4,604 | | $ | 29,052 | $ | 59,574 | | $ | 11,904 | | $ | 71,478 | Unallocated corporate expenses (5) | | | | | | | | | 5,348 | | | | | | | | 17,023 | Acquisition related employment costs | | | | | | | | | 6,467 | | | | | | | | 13,021 | Gain on disposition of assets, net | | | | | | | | | (3,563) | | | | | | | | (7,288) | Operating income | | | | | | | | $ | 20,800 | | | | | | | $ | 48,722 |
| (1) | Employment costs include employee payroll, share-based compensation, bonuses and amounts related to benefits for each of the income statement items. Additional employment costs are included within the Enterprise shared services amount. |
| (2) | Includes expenses related to rent, travel, insurance and other costs. |
| (3) | Includes costs incurred at the enterprise level that are allocated to each reportable segment based on payroll cost, headcount and revenues. |
| (4) | Includes professional fees, utilities, travel and entertainment and other costs. |
| (5) | Unallocated corporate expenses are included in Selling, general and administrative expenses and Depreciation and amortization at the consolidated level. |
| (6) | All of the impairment charges related to Technical Services. See Note titled “Impairment charges” for additional information. |
The table below shows the reconciliation of segment totals to the consolidated level: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Technical | | Support | | Segment | | Unallocated | | Consolidated | | Three months ended September 30, | | Services | | Services | | Total | | Total | | Total | | (in thousands) | | | | | | | | | | | | | | | | | 2026 | | | | | | | | | | | | | | | | | Selling, general and administrative expenses | | $ | 38,286 | | $ | 4,627 | | $ | 42,913 | | $ | 7,900 | | $ | 50,813 | | Depreciation and amortization | | | 38,357 | | | 4,280 | | | 42,637 | | | 21 | | | 42,658 | | Capital expenditures (1) | | | 32,201 | | | 7,625 | | | 39,826 | | | 64 | | | 39,890 | | Total assets, end of period (2) | | $ | 1,035,299 | | $ | 104,070 | | $ | 1,139,369 | | $ | 252,636 | | $ | 1,392,005 | | 2025 | | | | | | | | | | | | | | | | | Selling, general and administrative expenses | | $ | 34,233 | | $ | 5,067 | | $ | 39,300 | | $ | 5,328 | | $ | 44,628 | | Depreciation and amortization | | | 41,011 | | | 3,067 | | | 44,078 | | | 20 | | | 44,098 | | Capital expenditures (1) | | | 32,838 | | | 8,676 | | | 41,514 | | | 943 | | | 42,457 | | Total assets, end of period (2) | | $ | 1,114,712 | | | 99,455 | | $ | 1,214,167 | | $ | 284,629 | | $ | 1,498,796 | |
| | | | | | | | | | | | | | | | | | | Technical | | Support | | Segment | | Unallocated | | Consolidated | | Nine months ended September 30, | | Services | | Services | | Total | | Total | | Total | | (in thousands) | | | | | | | | | | | | | | | | | 2026 | | | | | | | | | | | | | | | | | Selling, general and administrative expenses | | $ | 111,023 | | $ | 14,185 | | $ | 125,208 | | $ | 25,335 | | $ | 150,543 | | Depreciation and amortization | | | 115,904 | | | 12,528 | | | 128,432 | | | 62 | | | 128,494 | | Capital expenditures (1) | | | 88,563 | | | 18,869 | | | 107,432 | | | 3,295 | | | 110,727 | | 2025 | | | | | | | | | | | | | | | | | Selling, general and administrative expenses | | $ | 97,801 | | $ | 13,187 | | $ | 110,988 | | $ | 16,964 | | $ | 127,952 | | Depreciation and amortization | | | 111,121 | | | 10,888 | | | 122,009 | | | 59 | | | 122,068 | | Capital expenditures (1) | | | 91,329 | | | 23,770 | | | 115,099 | | | 2,681 | | | 117,780 | |
| (1) | Unallocated total primarily relates to corporate and enterprise services capital expenditures. |
| (2) | Unallocated total primarily consists of cash and cash equivalents of $177.1 million and $163.5 million managed at corporate as of September 30, 2026 and 2025 respectively. |
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| Schedule of operating segment revenues by major service lines |
| | | | | | | | | | | | | | | Three months ended | | Nine months ended | | | September 30, | | September 30, | | | 2026 | | 2025 | | 2026 | | 2025 | (in thousands) | | | | | | | | | | | | | Technical Services: | | | | | | | | | | | | | Pressure Pumping | | $ | 144,466 | | $ | 124,769 | | $ | 425,111 | | $ | 367,583 | Downhole Tools | | | 114,891 | | | 105,024 | | | 337,473 | | | 298,476 | Wireline | | | 81,803 | | | 104,863 | | | 273,610 | | | 212,705 | Coiled Tubing | | | 48,788 | | | 42,465 | | | 127,865 | | | 110,085 | Cementing | | | 26,648 | | | 24,192 | | | 81,475 | | | 79,479 | Nitrogen | | | 9,043 | | | 7,283 | | | 23,779 | | | 23,345 | Snubbing | | | 10,029 | | | 6,473 | | | 26,865 | | | 21,225 | All other | | | 8,566 | | | 7,137 | | | 20,453 | | | 17,906 | Total Technical Services | | | 444,234 | | | 422,206 | | | 1,316,631 | | | 1,130,804 | | | | | | | | | | | | | | Support Services: | | | | | | | | | | | | | Rental Tools | | | 17,787 | | | 18,737 | | | 48,284 | | | 52,094 | All other | | | 5,714 | | | 6,160 | | | 18,444 | | | 17,891 | Total Support Services | | | 23,501 | | | 24,897 | | | 66,728 | | | 69,985 | | | | | | | | | | | | | | Total revenues | | $ | 467,735 | | $ | 447,103 | | $ | 1,383,359 | | $ | 1,200,789 |
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