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BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION (Tables)

9 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Financial Information of Reportable Segments

Summarized financial information of our reportable segments for the three and nine months ended June 30, 2025 and 2024 is shown in the following tables:

			Three Months Ended June 30, 2025
(in thousands)			North America Solutions						International Solutions						Offshore Solutions						Other						Eliminations						Total
External sales			$	591,976					$	265,099					$	161,777					$	22,072											$	1,040,924
Intersegment			238						704						—						20,826						(21,768)						—
Total sales			592,214						265,803						161,777						42,898						(21,768)						1,040,924
Segment operating income (loss)			$	157,649					$	(166,513)					$	8,769					$	(70,004)					$	6,114					$	(63,985)

			Three Months Ended June 30, 2024
(in thousands)			North America Solutions						International Solutions						Offshore Solutions						Other						Eliminations						Total
External sales			$	620,040					$	47,882					$	27,218					$	2,584					$	—					$	697,724
Intersegment			—						—						—						14,677						(14,677)						—
Total sales			620,040						47,882						27,218						17,261						(14,677)						697,724
Segment operating income (loss)			$	163,407					$	(2,748)					$	5,010					$	(4,791)					$	(616)					$	160,262

			Nine Months Ended June 30, 2025
(in thousands)			North America Solutions						International Solutions						Offshore Solutions						Other						Eliminations						Total
External sales			$	1,789,350					$	560,319					$	340,067					$	44,529					$	—					$	2,734,265
Intersegment			703						873						—						63,175						(64,751)						—
Total sales			1,790,053						561,192						340,067						107,704						(64,751)						2,734,265
Segment operating income (loss)			$	461,803					$	(215,980)					$	29,649					$	(70,605)					$	(2,247)					$	202,620

			Nine Months Ended June 30, 2024
(in thousands)			North America Solutions						International Solutions						Offshore Solutions						Other						Eliminations						Total
External sales			$	1,827,661					$	148,512					$	78,662					$	7,979					$	—					$	2,062,814
Intersegment			—						—						—						45,649						(45,649)						—
Total sales			1,827,661						148,512						78,662						53,628						(45,649)						2,062,814
Segment operating income (loss)			$	455,030					$	8,606					$	8,140					$	(2,073)					$	(1,054)					$	468,649

Schedule of Reconciliation of Segment Operating Income (Loss) to Income from Continuing Operations Before Income Taxes

The following table reconciles segment operating income (loss) per the tables above to income before income taxes as reported on the Unaudited Condensed Consolidated Statements of Operations:

			Three Months Ended June 30, 2025												Nine Months Ended June 30, 2025
(in thousands)			2025						2024						2025						2024
Segment operating income (loss)			$	(63,985)					$	160,262					$	202,620					$	468,649
Gain on reimbursement of drilling equipment			6,773						9,732						26,149						24,687
Other loss on sale of assets			(1,347)						(2,730)						(2,136)						(2,718)
Corporate selling, general and administrative costs, corporate depreciation, corporate acquisition transaction costs, corporate asset impairment charges, and corporate restructuring charges			(69,710)						(53,807)						(221,853)						(140,756)
Operating income (loss)			(128,269)						113,457						4,780						349,862
Other income (expense)
Interest and dividend income			2,856						11,888						31,854						29,189
Interest expense			(29,200)						(4,336)						(79,836)						(12,969)
Gain (loss) on investment securities			(337)						389						14,084						102
Foreign currency exchange loss			(9,216)						(2,144)						(16,137)						(4,509)
Other			31,258						3,134						33,214						2,991
Total unallocated amounts			(4,639)						8,931						(16,821)						14,804
Income (loss) before income taxes			$	(132,908)					$	122,388					$	(12,041)					$	364,666

Schedule of Total Assets by Reportable Segment

The following table reconciles segment total assets to total assets as reported on the Unaudited Condensed Consolidated Balance Sheets:

(in thousands)			June 30, 2025						September 30, 2024
Total assets1
North America Solutions			$	3,099,587					$	3,225,410
International Solutions			2,504,474						685,833
Offshore Solutions			645,611						73,119
Other			324,751						157,877
			6,574,423						4,142,239
Investments and corporate operations			287,580						1,639,659
			$	6,862,003					$	5,781,898

(1)Assets by segment exclude investments in subsidiaries and intersegment activity.

Schedule of Revenues from External Customers by Country

The following table presents revenues from external customers by country based on the location of service provided:

			Three Months Ended June 30,												Nine Months Ended June 30,
(in thousands)			2025						2024						2025						2024
Operating revenues
United States			$	659,364					$	648,816					$	1,876,295					$	1,911,122
Saudi Arabia			103,752						—						201,673						—
Norway			82,854						—						161,159						—
Argentina			39,634						38,064						119,245						107,964
Oman			45,089						—						114,709						—
Azerbaijan			38,922						—						81,681						—
Germany			16,027						—						33,079						—
Bahrain			8,304						4,602						21,576						13,634
Columbia			9,742						31						20,688						8,976
Kuwait			10,508						—						19,680						—
Other Foreign			26,728						6,211						84,480						21,118
Total			$	1,040,924					$	697,724					$	2,734,265					$	2,062,814

The following table presents property, plant and equipment by country based on the location of service provided:

(in thousands)			June 30, 2025						September 30, 2024
Property, plant and equipment, net
United States			$	2,576,767					$	2,752,325
Saudi Arabia			991,640						149,472
Oman			449,849						—
Germany			81,417						—
Argentina			71,414						62,533
Kuwait			41,947						—
Colombia			38,520						19,243
Norway			24,629						—
Bahrain			23,221						19,807
Other Foreign			108,752						12,897
Total			$	4,408,156					$	3,016,277

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