XML 18 R4.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Total revenue $ 1,489,818 $ 1,157,591 $ 990,337
Total cost of sales, exclusive of depreciation and amortization 509,425 458,501 449,019
Selling, general and administrative 147,806 139,121 116,639
Depreciation and amortization 256,761 193,194 166,241
Long-lived and other asset impairment 18,290 10,681 12,041
Restructuring charges 1,605   1,775
Debt extinguishment loss 890 3,181  
Interest expense 165,340 123,610 111,488
Transaction-related costs 12,705 13,249  
Gain on sale of assets, net (47,081) (17,887) (10,199)
Other expense, net 439 1,561 1,086
Income before income taxes 423,638 232,380 142,247
Provision for income taxes 100,845 60,149 37,249
Income before equity in net loss of unconsolidated affiliate 322,793 172,231 104,998
Equity in net loss of unconsolidated affiliate 503    
Net income $ 322,290 $ 172,231 $ 104,998
Basic earnings per common share (in dollars per share) $ 1.83 $ 1.05 $ 0.67
Diluted earnings per common share (in dollars per share) $ 1.83 $ 1.05 $ 0.67
Weighted-average common shares outstanding:      
Basic (in shares) 174,437 162,037 154,126
Diluted (in shares) 174,753 162,375 154,344
Contract operations      
Total revenue $ 1,272,081 $ 980,405 $ 809,439
Total cost of sales, exclusive of depreciation and amortization 343,136 323,052 306,748
Aftermarket services      
Total revenue 217,737 177,186 180,898
Total cost of sales, exclusive of depreciation and amortization $ 166,289 $ 135,449 $ 142,271