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v3.25.2

Segment Information - Financial Information by Segment (Details) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 USD ($) | Jun. 30, 2024 USD ($) | Jun. 30, 2025 USD ($) segment | Jun. 30, 2024 USD ($)
Segment Information |  |  |  |
Number of reportable segments | segment |  |  | 4 |
Operating revenues | $ 832,788 | $ 734,798 | $ 1,568,974 | $ 1,468,502
Direct costs | (488,881) | (440,225) | (936,181) | (877,302)
Depreciation and amortization | (175,061) | (160,141) | (329,699) | (317,826)
Other segment expenses | (95,448) | (76,516) | (177,989) | (152,130)
Total adjusted operating income (loss) | 73,398 | 57,916 | 125,105 | 121,244
Capital expenditures | 198,536 | 138,250 | 349,045 | 250,646
Operating Segments |  |  |  |
Segment Information |  |  |  |
Operating revenues | 847,218 | 748,963 | 1,597,026 | 1,496,041
Direct costs | (500,510) | (450,309) | (956,336) | (897,440)
Depreciation and amortization | (173,229) | (159,253) | (326,037) | (316,635)
Other segment expenses | (45,554) | (38,465) | (84,923) | (76,923)
Total adjusted operating income (loss) | 127,925 | 100,936 | 229,730 | 205,043
Capital expenditures | 197,764 | 132,602 | 345,747 | 242,066
Operating Segments | U.S. Drilling |  |  |  |
Segment Information |  |  |  |
Operating revenues | 255,438 | 259,723 | 486,184 | 531,712
Direct costs | (147,288) | (140,054) | (279,216) | (285,480)
Depreciation and amortization | (62,033) | (68,935) | (123,145) | (138,809)
Other segment expenses | (6,329) | (5,649) | (12,436) | (11,809)
Total adjusted operating income (loss) | 39,788 | 45,085 | 71,387 | 95,614
Capital expenditures | 35,499 | 31,876 | 67,899 | 61,819
Operating Segments | International Drilling |  |  |  |
Segment Information |  |  |  |
Operating revenues | 384,970 | 356,733 | 766,688 | 706,092
Direct costs | (247,946) | (233,523) | (496,386) | (464,461)
Depreciation and amortization | (81,607) | (82,699) | (164,135) | (162,721)
Other segment expenses | (19,366) | (16,839) | (37,158) | (32,762)
Total adjusted operating income (loss) | 36,051 | 23,672 | 69,009 | 46,148
Capital expenditures | 127,383 | 95,675 | 235,511 | 169,259
Operating Segments | Drilling Solutions |  |  |  |
Segment Information |  |  |  |
Operating revenues | 170,283 | 82,961 | 263,462 | 158,535
Direct costs | (80,482) | (42,784) | (124,705) | (79,292)
Depreciation and amortization | (26,136) | (5,149) | (34,076) | (10,043)
Other segment expenses | (13,300) | (7,709) | (21,403) | (14,988)
Total adjusted operating income (loss) | 50,365 | 27,319 | 83,278 | 54,212
Capital expenditures | 34,414 | 3,885 | 41,586 | 7,416
Operating Segments | Rig Technologies |  |  |  |
Segment Information |  |  |  |
Operating revenues | 36,527 | 49,546 | 80,692 | 99,702
Direct costs | (24,794) | (33,948) | (56,029) | (68,207)
Depreciation and amortization | (3,453) | (2,470) | (4,681) | (5,062)
Other segment expenses | (6,559) | (8,268) | (13,926) | (17,364)
Total adjusted operating income (loss) | 1,721 | 4,860 | 6,056 | 9,069
Capital expenditures | 468 | 1,166 | 751 | 3,572
Other items |  |  |  |
Segment Information |  |  |  |
Operating revenues | (14,430) | (14,165) | (28,052) | (27,539)
Direct costs | 11,629 | 10,084 | 20,155 | 20,138
Depreciation and amortization | (1,832) | (888) | (3,662) | (1,191)
Other segment expenses | (49,894) | (38,051) | (93,066) | (75,207)
Total adjusted operating income (loss) | (54,527) | (43,020) | (104,625) | (83,799)
Capital expenditures | $ 772 | $ 5,648 | $ 3,298 | $ 8,580

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