XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating revenues:      
Total operating revenues $ 4,146,456 $ 2,647,592 $ 1,357,081
Operating costs and expenses:      
Depreciation, depletion, amortization and impairment 731,416 483,945 849,178
Selling, general and administrative 169,962 116,589 92,382
Credit loss expense 842 0 (1,500)
Merger and integration expenses 98,077 2,069 12,060
Other operating (income) expenses, net (17,114) (12,592) 763
Total operating costs and expenses 3,794,502 2,436,561 2,034,831
Operating income (loss) 351,954 211,031 (677,750)
Other income (expense):      
Interest income 6,122 360 222
Interest expense, net of amount capitalized (52,870) (40,256) (41,978)
Other 1,898 (3,273) (275)
Total other expense (44,850) (43,169) (42,031)
Income (loss) from continuing operations before income taxes 307,104 167,862 (719,781)
Total income tax expense (benefit) 61,152 13,204 (62,702)
Income (loss) from continuing operations 245,952 154,658 (657,079)
Income from discontinued operations, net of tax 0 0 2,534
Net income (loss) 245,952 154,658 (654,545)
Net loss attributable to noncontrolling interest (340) 0 0
Net income (loss) attributable to common stockholders $ 246,292 $ 154,658 $ (654,545)
Net income (loss) per common share - basic:      
Continuing Operations $ 0.88 $ 0.72 $ (3.37)
Discontinued operations 0 0 0.01
Net income (loss) - basic 0.88 0.72 (3.36)
Net income (loss) per common share - diluted:      
Continuing Operations 0.88 0.7 (3.37)
Discontinued operations 0 0 0.01
Net income (loss) - diluted $ 0.88 $ 0.7 $ (3.36)
Weighted average number of common shares outstanding:      
Basic 279,501 215,935 195,021
Diluted 280,061 219,496 195,021
Drilling Services      
Operating revenues:      
Total operating revenues $ 1,919,759 $ 1,544,820 $ 784,218
Operating costs and expenses:      
Operating costs and expenses 1,119,200 1,025,904 577,983
Other      
Operating revenues:      
Total operating revenues 74,578 80,359 49,107
Operating costs and expenses:      
Operating costs and expenses 42,624 39,261 28,012
Completion Services      
Operating revenues:      
Total operating revenues 2,017,440 1,022,413 523,756
Operating costs and expenses:      
Operating costs and expenses 1,567,940 781,385 475,953
Drilling Products      
Operating revenues:      
Total operating revenues 134,679 0 0
Operating costs and expenses:      
Operating costs and expenses $ 81,555 $ 0 $ 0