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BUSINESS SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2024
BUSINESS SEGMENT INFORMATION  
Schedule of operating segment revenues by major service lines

Three months ended

Nine months ended

September 30, 

September 30, 

(in thousands)

    

2024

    

2023

    

2024

    

2023

Technical Services:

  

  

  

  

Pressure Pumping

$

129,579

$

110,622

$

452,991

$

585,243

Downhole Tools

 

97,954

 

96,261

292,418

 

305,254

Coiled Tubing

 

29,761

 

36,820

101,913

 

115,241

Cementing

26,972

26,731

82,761

38,995

Nitrogen

 

9,151

 

12,211

27,047

 

37,027

Snubbing

 

8,949

 

5,669

19,083

 

20,432

All other

 

11,126

 

14,755

35,157

 

42,886

Total Technical Services

313,492

303,069

1,011,370

1,145,078

Support Services:

 

  

 

  

 

  

 

  

Rental Tools

17,475

20,119

50,871

56,129

All other

6,685

7,229

 

17,397

 

21,736

Total Support Services

24,160

27,348

68,268

77,865

Total revenues

$

337,652

$

330,417

$

1,079,638

$

1,222,943

Schedule of segment reporting information by segment

Three months ended

Nine months ended

September 30, 

September 30, 

(in thousands)

    

2024

    

2023

    

2024

    

2023

Revenues:

 

  

 

  

 

  

 

  

Technical Services

$

313,492

$

303,069

$

1,011,370

$

1,145,078

Support Services

 

24,160

 

27,348

 

68,268

 

77,865

Total revenues

$

337,652

$

330,417

$

1,079,638

$

1,222,943

Operating income:

 

 

 

 

Technical Services

$

16,344

$

18,912

$

78,498

$

199,462

Support Services

 

5,286

 

6,861

 

13,264

 

21,425

Corporate expenses

 

(4,216)

 

(4,840)

 

(11,083)

 

(14,593)

Pension settlement charges

(18,286)

Gain on disposition of assets, net

 

1,790

 

1,778

 

6,342

 

7,729

Total operating income

19,204

22,711

87,021

195,737

Interest expense

 

(261)

 

(101)

 

(594)

 

(246)

Interest income

 

3,523

 

1,450

 

9,831

 

6,003

Other income, net

 

1,005

 

804

 

2,504

 

2,196

Income before income taxes

$

23,471

$

24,864

$

98,762

$

203,690

As of and for the nine months ended

Technical

Support

September 30, 2024

    

Services

    

Services

    

Corporate

    

Total

(in thousands)

 

  

 

  

 

  

 

  

Depreciation and amortization

$

88,272

$

9,041

$

58

$

97,371

Capital expenditures

 

159,743

 

17,751

 

1,966

 

179,460

Identifiable assets

896,021

88,757

345,819

1,330,597

As of and for the nine months ended

Technical

Support

September 30, 2023

    

Services

    

Services

    

Corporate

    

Total

(in thousands)

Depreciation and amortization

$

71,175

$

7,503

$

38

$

78,716

Capital expenditures

 

136,237

 

9,159

 

3,420

 

148,816

Identifiable assets

873,819

84,156

289,398

1,247,373

Schedule of revenue by geographical location

    

Three months ended

    

Nine months ended

September 30, 

September 30, 

(in thousands)

    

2024

    

2023

    

2024

    

2023

United States revenues

$

326,963

$

323,159

$

1,048,379

$

1,201,977

International revenues

 

10,689

 

7,258

31,259

 

20,966

Total revenues

$

337,652

$

330,417

$

1,079,638

$

1,222,943