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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenues:        
Total operating revenues $ 758,885 $ 622,238 $ 1,550,687 $ 1,131,613
Operating costs and expenses:        
Depreciation, depletion, amortization and impairment 126,814 121,553 254,994 238,491
Selling, general and administrative 33,257 26,079 63,823 53,540
Merger and integration expenses 7,940 182 7,940 2,045
Other operating income, net (1,793) (9,238) (7,359) (10,456)
Total operating costs and expenses 654,303 585,476 1,320,142 1,113,732
Operating income 104,582 36,762 230,545 17,881
Other income (expense):        
Interest income 1,212 14 2,452 29
Interest expense, net of amount capitalized (9,738) (10,658) (18,564) (21,223)
Other 2,323 (2,452) 3,809 (870)
Total other expense (6,203) (13,096) (12,303) (22,064)
Income (loss) before income taxes 98,379 23,666 218,242 (4,183)
Income tax expense 13,765 1,780 33,950 2,708
Net income (loss) $ 84,614 $ 21,886 $ 184,292 $ (6,891)
Net loss per common share:        
Basic $ 0.41 $ 0.10 $ 0.88 $ (0.03)
Diluted $ 0.40 $ 0.10 $ 0.87 $ (0.03)
Weighted average number of common shares outstanding:        
Basic 207,839 216,165 209,952 215,718
Diluted 208,984 219,676 211,188 215,718
Cash dividends per common share $ 0.08 $ 0.04 $ 0.16 $ 0.08
Contract Drilling        
Operating revenues:        
Total operating revenues $ 432,375 $ 304,586 $ 851,401 $ 561,226
Operating costs and expenses:        
Operating costs and expenses 231,420 196,269 461,778 372,975
Pressure Pumping        
Operating revenues:        
Total operating revenues 250,241 238,376 543,509 427,966
Operating costs and expenses:        
Operating costs and expenses 196,473 191,455 416,589 348,923
Directional Drilling        
Operating revenues:        
Total operating revenues 55,141 54,825 111,404 98,159
Operating costs and expenses:        
Operating costs and expenses 47,365 45,438 95,411 82,392
Other        
Operating revenues:        
Total operating revenues 21,128 24,451 44,373 44,262
Operating costs and expenses:        
Operating costs and expenses $ 12,827 $ 13,738 $ 26,966 $ 25,822