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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Operating revenues:        
Revenues $ 1,175,954,000 $ 1,357,222,000 $ 3,675,811,000 $ 4,215,776,000
Operating costs and expenses:        
Depreciation, depletion, amortization and impairment 225,598,000 374,680,000 719,322,000 917,274,000
Impairment of goodwill 0 885,240,000 0 885,240,000
Selling, general and administrative 61,976,000 65,696,000 193,014,000 195,258,000
Merger and integration expense 90,000 6,699,000 1,010,000 29,577,000
Other operating expense (income), net 22,511,000 3,629,000 18,450,000 (13,381,000)
Total operating costs and expenses 1,204,008,000 2,347,851,000 3,716,406,000 5,074,178,000
Operating income (loss) (28,054,000) (990,629,000) (40,595,000) (858,402,000)
Other income (expense):        
Interest income 1,480,000 745,000 4,216,000 4,801,000
Interest expense, net of amount capitalized (17,488,000) (17,990,000) (52,830,000) (54,238,000)
Other income (expense) 1,020,000 (716,000) 1,344,000 358,000
Total other income (expense) (14,988,000) (17,961,000) (47,270,000) (49,079,000)
Income (loss) before income taxes (43,042,000) (1,008,590,000) (87,865,000) (907,481,000)
Income tax expense (benefit) (6,592,000) (30,256,000) (4,008,000) 7,526,000
Net income (loss) (36,450,000) (978,334,000) (83,857,000) (915,007,000)
Net income (loss) attributable to noncontrolling interest (48,000) 427,000 684,000 1,442,000
Net income (loss) attributable to common stockholders $ (36,402,000) $ (978,761,000) $ (84,541,000) $ (916,449,000)
Net income (loss) attributable to common stockholder per common share:        
Basic (in usd per share) $ (0.10) $ (2.50) $ (0.22) $ (2.29)
Diluted (in usd per share) $ (0.10) $ (2.50) $ (0.22) $ (2.29)
Weighted average number of common shares outstanding:        
Basic (in shares) 382,819 391,732 384,888 399,795
Diluted (in shares) 382,819 391,732 384,888 399,795
Cash dividends per common share (in usd per share) $ 0.08 $ 0.08 $ 0.24 $ 0.24
Drilling Services        
Operating revenues:        
Revenues $ 380,200,000 $ 421,563,000 $ 1,196,865,000 $ 1,319,425,000
Operating costs and expenses:        
Operating costs and expenses 246,407,000 250,877,000 748,808,000 784,111,000
Completion Services        
Operating revenues:        
Revenues 705,275,000 831,567,000 2,190,687,000 2,581,937,000
Operating costs and expenses:        
Operating costs and expenses 594,118,000 703,809,000 1,870,882,000 2,102,643,000
Drilling Products        
Operating revenues:        
Revenues 85,880,000 89,102,000 259,933,000 265,129,000
Operating costs and expenses:        
Operating costs and expenses 50,265,000 47,144,000 146,540,000 141,921,000
Other        
Operating revenues:        
Revenues 4,599,000 14,990,000 28,326,000 49,285,000
Operating costs and expenses:        
Operating costs and expenses $ 3,043,000 $ 10,077,000 $ 18,380,000 $ 31,535,000