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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating revenues:        
Revenues $ 1,357,222 $ 1,011,452 $ 4,215,776 $ 2,562,139
Operating costs and expenses:        
Depreciation, depletion, amortization and impairment 374,680 197,635 917,274 452,629
Impairment of goodwill 885,240 0 885,240 0
Selling, general and administrative 65,696 45,102 195,258 108,925
Credit loss expense 721 0 5,679 0
Merger and integration expense 6,699 70,188 29,577 78,128
Other operating expense (income), net 2,908 (2,635) (19,060) (9,994)
Total operating costs and expenses 2,347,851 1,001,748 5,074,178 2,321,890
Operating income (loss) (990,629) 9,704 (858,402) 240,249
Other income (expense):        
Interest income 745 2,131 4,801 4,583
Interest expense, net of amount capitalized (17,990) (15,625) (54,238) (34,189)
Other income (expense) (716) (618) 358 3,191
Total other expense (17,961) (14,112) (49,079) (26,415)
Income (loss) before income taxes (1,008,590) (4,408) (907,481) 213,834
Income tax expense (benefit) (30,256) (4,130) 7,526 29,820
Net income (loss) (978,334) (278) (915,007) 184,014
Net income (loss) attributable to noncontrolling interest 427 (328) 1,442 (328)
Net income (loss) attributable to common stockholders $ (978,761) $ 50 $ (916,449) $ 184,342
Net income (loss) attributable to common stockholder per common share:        
Basic (in usd per share) $ (2.50) $ 0.00 $ (2.29) $ 0.79
Diluted (in usd per share) $ (2.50) $ 0.00 $ (2.29) $ 0.79
Weighted average number of common shares outstanding:        
Basic (in shares) 391,732 280,218 399,795 233,631
Diluted (in shares) 391,732 281,984 399,795 234,488
Cash dividends per common share (in usd per share) $ 0.08 $ 0.08 $ 0.24 $ 0.24
Drilling Services        
Operating revenues:        
Revenues $ 421,563 $ 488,775 $ 1,319,425 $ 1,456,161
Operating costs and expenses:        
Operating costs and expenses 250,877 279,927 784,111 842,761
Completion Services        
Operating revenues:        
Revenues 831,567 459,574 2,581,937 1,003,083
Operating costs and expenses:        
Operating costs and expenses 703,809 368,869 2,102,643 785,458
Impairment of goodwill     885,240  
Drilling Products        
Operating revenues:        
Revenues 89,102 46,570 265,129 46,570
Operating costs and expenses:        
Operating costs and expenses 47,144 32,071 141,921 32,071
Impairment of goodwill     0  
Other        
Operating revenues:        
Revenues 14,990 16,533 49,285 56,325
Operating costs and expenses:        
Operating costs and expenses $ 10,077 $ 10,591 $ 31,535 $ 31,912