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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating revenues:      
Total operating revenues $ 5,377,911 $ 4,146,456 $ 2,647,592
Operating costs and expenses:      
Depreciation, depletion, amortization and impairment 1,171,873 731,416 483,945
Impairment of goodwill 885,240 0 0
Selling, general and administrative 268,337 169,962 116,589
Merger and integration expense 33,037 98,077 2,069
Other operating income, net (10,708) (16,272) (12,592)
Total operating costs and expenses 6,267,648 3,794,502 2,436,561
Operating income (loss) (889,737) 351,954 211,031
Other income (expense):      
Interest income 5,729 6,122 360
Interest expense, net of amount capitalized (71,963) (52,870) (40,256)
Other income (expense) (975) 1,898 (3,273)
Total other income (expense) (67,209) (44,850) (43,169)
Income (loss) before income taxes (956,946) 307,104 167,862
Income tax expense 9,453 61,152 13,204
Net income (loss) (966,399) 245,952 154,658
Net income (loss) attributable to noncontrolling interest 1,632 (340) 0
Net income (loss) attributable to common stockholders $ (968,031) $ 246,292 $ 154,658
Net income (loss) attributable to common stockholder per common share:      
Basic (in usd per share) $ (2.44) $ 0.88 $ 0.72
Diluted (in usd per share) $ (2.44) $ 0.88 $ 0.70
Weighted average number of common shares outstanding:      
Basic (in shares) 397,196 279,501 215,935
Diluted (in shares) 397,196 280,061 219,496
Drilling Services      
Operating revenues:      
Total operating revenues $ 1,727,810 $ 1,919,759 $ 1,544,820
Operating costs and expenses:      
Operating costs and expenses 1,029,591 1,119,200 1,025,904
Completion Services      
Operating revenues:      
Total operating revenues 3,232,785 2,017,440 1,022,413
Operating costs and expenses:      
Operating costs and expenses 2,658,170 1,567,940 781,385
Impairment of goodwill 885,240    
Drilling Products      
Operating revenues:      
Total operating revenues 351,651 134,679 0
Operating costs and expenses:      
Operating costs and expenses 191,107 81,555 0
Impairment of goodwill 0    
Other      
Operating revenues:      
Total operating revenues 65,665 74,578 80,359
Operating costs and expenses:      
Operating costs and expenses $ 41,001 $ 42,624 $ 39,261