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Business Segment and Entity Wide Disclosures (Tables) | 12 Months Ended
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Dec. 31, 2024
Business Segment and Entity Wide Disclosures |
Schedule of segment reporting information by segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  |  | ​ |  |  | ​
​ | ​ | Technical | ​ | Support | ​ | ​
​ |  | Services |  | Services |  | Total
(in thousands except headcount) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2024 | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
Revenues | ​ | $ | 1,326,005 | ​ | $ | 88,994 | ​ | $ | 1,414,999
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Employment costs (1) | ​ | ​ | 303,327 | ​ | ​ | 20,458 | ​ | ​ | 323,785
Materials and supplies | ​ | ​ | 332,781 | ​ | ​ | 3,519 | ​ | ​ | 336,300
Maintenance & repairs | ​ | ​ | 190,996 | ​ | ​ | 11,540 | ​ | ​ | 202,536
Fleet and transportation | ​ | ​ | 61,148 | ​ | ​ | 3,097 | ​ | ​ | 64,245
Other cost of revenues (2) | ​ | ​ | 104,340 | ​ | ​ | 5,442 | ​ | ​ | 109,782
Cost of revenues (exclusive of depreciation and amortization) |  | $ | 992,592 | ​ | $ | 44,056 | ​ | $ | 1,036,648
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Employment costs (1) | ​ | ​ | 57,649 | ​ | ​ | 9,170 | ​ | ​ | 66,819
Enterprise shared services (3) | ​ | ​ | 35,357 | ​ | ​ | 1,486 | ​ | ​ | 36,843
Other selling, general and administrative expenses (4) | ​ | ​ | 31,080 | ​ | ​ | 6,174 | ​ | ​ | 37,254
Selling, general and administrative expenses | ​ | $ | 124,086 | ​ | $ | 16,830 | ​ | $ | 140,916
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment depreciation and amortization | ​ | ​ | 120,226 | ​ | ​ | 12,272 | ​ | ​ | 132,498
Segment operating income | ​ | $ | 89,101 | ​ | $ | 15,836 | ​ | $ | 104,937
Unallocated corporate expenses (5) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 15,598
(Gain) on sale of assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (8,199)
Operating income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 97,538
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  |  | ​ |  |  | ​
​ | ​ | Technical | ​ | Support | ​ | ​
​ |  | Services |  | Services |  | Total
(in thousands except headcount) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenues | ​ | $ | 1,516,137 | ​ | $ | 101,337 | ​ | $ | 1,617,474
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Employment costs (1) | ​ | ​ | 307,396 | ​ | ​ | 22,186 | ​ | ​ | 329,582
Materials and supplies | ​ | ​ | 337,006 | ​ | ​ | 3,416 | ​ | ​ | 340,422
Maintenance & repairs | ​ | ​ | 186,703 | ​ | ​ | 12,031 | ​ | ​ | 198,734
Fleet and transportation | ​ | ​ | 102,723 | ​ | ​ | 4,114 | ​ | ​ | 106,837
Other cost of revenues (2) | ​ | ​ | 108,925 | ​ | ​ | 5,019 | ​ | ​ | 113,944
Cost of revenues (exclusive of depreciation and amortization) |  | $ | 1,042,753 | ​ | $ | 46,766 | ​ | $ | 1,089,519
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Employment costs (1) |  | ​ | 61,158 |  | ​ | 9,922 | ​ | ​ | 71,080
Enterprise shared services (3) | ​ | ​ | 29,179 | ​ | ​ | 2,225 | ​ | ​ | 31,404
Other selling, general and administrative expenses (4) | ​ | ​ | 39,370 | ​ | ​ | 5,670 | ​ | ​ | 45,040
Selling, general and administrative expenses | ​ | $ | 129,707 | ​ | $ | 17,817 | ​ | $ | 147,524
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment depreciation and amortization | ​ | ​ | 97,773 | ​ | ​ | 10,293 | ​ | ​ | 108,066
Segment operating income | ​ | $ | 245,904 | ​ | $ | 26,461 | ​ | $ | 272,365
Unallocated corporate expenses (5) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 18,473
Pension settlement charges | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 18,286
(Gain) on sale of assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (9,344)
Operating income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 244,950
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  |  | ​ |  |  | ​
​ | ​ | Technical | ​ | Support | ​ | ​
​ |  | Services |  | Services |  | Total
(in thousands except headcount) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenues | ​ | $ | 1,516,363 | ​ | $ | 85,399 | ​ | $ | 1,601,762
​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Employment costs (1) | ​ |  | 284,439 | ​ | ​ | 18,321 | ​ | ​ | 302,760
Materials and supplies | ​ | ​ | 356,538 | ​ | ​ | 4,045 | ​ | ​ | 360,583
Maintenance & repairs | ​ |  | 194,178 |  | ​ | 9,638 |  | ​ | 203,816
Fleet and transportation | ​ | ​ | 127,206 | ​ | ​ | 3,898 | ​ | ​ | 131,104
Other cost of revenues (2) | ​ | ​ | 84,221 | ​ | ​ | 5,631 | ​ | ​ | 89,852
Cost of revenues (exclusive of depreciation and amortization) | ​ | $ | 1,046,582 | ​ | $ | 41,533 | ​ | $ | 1,088,115
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Employment costs (1) | ​ | ​ | 58,723 | ​ | ​ | 9,026 | ​ | ​ | 67,749
Enterprise shared services (3) | ​ | ​ | 26,767 | ​ | ​ | 2,167 | ​ | ​ | 28,934
Other selling, general and administrative expenses (4) | ​ | ​ | 29,653 | ​ | ​ | 4,738 | ​ | ​ | 34,391
Selling, general and administrative expenses | ​ | $ | 115,143 | ​ | $ | 15,931 |  | $ | 131,074
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment depreciation and amortization | ​ | ​ | 73,016 | ​ | ​ | 9,840 | ​ | ​ | 82,856
Segment operating income | ​ | $ | 281,622 | ​ | $ | 18,095 | ​ | $ | 299,717
Unallocated corporate expenses (5) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 17,660
Pension settlement charges | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 2,921
(Gain) on sale of assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (8,804)
Operating income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 287,940
| (1) | Employment costs include employee payroll, share-based compensation, bonuses and amounts related to benefits for each of the income statement items. Additional employment costs are included within the shared services amount.
| (2) | Includes expenses related to rent, travel, insurance and other costs.
| (3) | Includes costs incurred at the enterprise level that are allocated to each reportable segment based on payroll cost, headcount and revenues.
| (4) | Includes professional fees, utilities, travel & entertainment and other costs.
| (5) | Unallocated corporate expenses are included in selling general and administrative expenses at the consolidated level.
​ The table below shows the reconciliation of segment totals to the consolidated level for the years ended December 31, 2024, 2023, and 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
​ | ​ | Technical | ​ | Support | ​ | Segment | ​ | Unallocated | ​ | Consolidated
​ |  | Services |  | Services |  | Total |  | Total |  | Total
(in thousands) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
Selling, general and administrative expenses | ​ | $ | 124,086 | ​ | $ | 16,830 | ​ | $ | 140,916 | ​ | $ | 15,521 | ​ | $ | 156,437
Depreciation and amortization | ​ | ​ | 120,226 | ​ | ​ | 12,272 | ​ | ​ | 132,498 | ​ | ​ | 77 | ​ | ​ | 132,575
Capital expenditures (1) | ​ | ​ | 195,263 | ​ | ​ | 21,119 | ​ | ​ | 216,382 | ​ | ​ | 3,548 | ​ | ​ | 219,930
Total assets (2) | ​ | $ | 895,067 | ​ | $ | 85,803 | ​ | $ | 980,870 | ​ | $ | 405,619 | ​ | $ | 1,386,489
2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Selling, general and administrative expenses | ​ | $ | 129,707 | ​ | $ | 17,817 | ​ | $ | 147,524 | ​ | $ | 18,416 | ​ | $ | 165,940
Depreciation and amortization | ​ | ​ | 97,773 | ​ | ​ | 10,293 | ​ | ​ | 108,066 | ​ | ​ | 57 | ​ | ​ | 108,123
Capital expenditures (1) | ​ | ​ | 160,799 | ​ | ​ | 15,634 | ​ | ​ | 176,433 | ​ | ​ | 4,572 | ​ | ​ | 181,005
Total assets (2) | ​ | $ | 867,550 | ​ | $ | 81,754 | ​ | $ | 949,304 | ​ | $ | 337,541 | ​ | $ | 1,286,845
2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Selling, general and administrative expenses | ​ | $ | 115,143 | ​ | $ | 15,931 | ​ | $ | 131,074 | ​ | $ | 17,499 | ​ | $ | 148,573
Depreciation and amortization | ​ | ​ | 73,016 | ​ | ​ | 9,840 | ​ | ​ | 82,856 | ​ | ​ | 161 | ​ | ​ | 83,017
Capital expenditures (1) | ​ | ​ | 126,327 | ​ | ​ | 12,320 | ​ | ​ | 138,647 | ​ | ​ | 905 | ​ | ​ | 139,552
Total assets (2) | ​ | $ | 823,434 | ​ | $ | 80,104 | ​ | $ | 903,538 | ​ | $ | 225,475 | ​ | $ | 1,129,013
​
| (1) | Primarily related to unallocated corporate capital expenditures.
| (2) | Unallocated total primarily consists of cash and cash equivalents of $326.0 million, $223.3 million and $126.4 million managed at corporate for the years ended December 31, 2024, 2023, and 2022, respectively.
Schedule of revenue by geographical location | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2024 |  | 2023 |  | 2022
(in thousands) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
United States revenues | ​ | $ | 1,375,398 | ​ | $ | 1,588,774 | ​ | $ | 1,569,160
International revenues | ​ | ​ | 39,601 |  | ​ | 28,700 |  | ​ | 32,602
Total revenues | ​ | $ | 1,414,999 | ​ | $ | 1,617,474 | ​ | $ | 1,601,762
Schedule of operating segment revenues by major service lines | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2024 | ​ | 2023 | ​ | 2022
(in thousands) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Technical Services: | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
Pressure Pumping | ​ | $ | 587,051 | ​ | $ | 771,542 | ​ | $ | 846,939
Downhole Tools | ​ | ​ | 386,085 |  | ​ | 397,341 |  | ​ | 374,081
Coiled Tubing | ​ | ​ | 135,175 |  | ​ | 152,484 |  | ​ | 140,889
Cementing | ​ | ​ | 110,730 | ​ | ​ | 64,481 | ​ | ​ | 21,178
Nitrogen | ​ | ​ | 34,963 |  | ​ | 47,306 |  | ​ | 39,596
Snubbing | ​ | ​ | 27,057 |  | ​ | 26,345 |  | ​ | 28,028
All other | ​ | ​ | 44,944 |  | ​ | 56,638 |  | ​ | 65,652
Total Technical Services | ​ | $ | 1,326,005 | ​ | $ | 1,516,137 | ​ | $ | 1,516,363
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Support Services: | ​ |  |  | ​ |  |  | ​ |  |
Rental Tools | ​ | $ | 65,207 | ​ | $ | 73,301 | ​ | $ | 62,780
All other | ​ |  | 23,787 | ​ |  | 28,036 | ​ |  | 22,619
Total Support Services | ​ | $ | 88,994 | ​ | $ | 101,337 | ​ | $ | 85,399
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total revenues | ​ | $ | 1,414,999 | ​ | $ | 1,617,474 | ​ | $ | 1,601,762
​

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