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v3.25.3

Segment Information - Financial Information by Segment (Details) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2025 USD ($) | Sep. 30, 2024 USD ($) | Sep. 30, 2025 USD ($) segment | Sep. 30, 2024 USD ($)
Segment Information |  |  |  |
Number of reportable segments | segment |  |  | 4 |
Operating revenues | $ 818,190 | $ 731,805 | $ 2,387,164 | $ 2,200,307
Direct costs | (491,828) | (431,705) | (1,428,009) | (1,309,007)
Depreciation and amortization | (160,347) | (159,234) | (490,046) | (477,060)
Other segment expenses | (90,054) | (78,380) | (268,043) | (230,510)
Capital expenditures | 188,053 | 117,909 | 537,098 | 368,556
Operating Segments |  |  |  |
Segment Information |  |  |  |
Operating revenues | 834,610 | 748,720 | 2,431,636 | 2,244,761
Direct costs | (503,795) | (444,159) | (1,460,131) | (1,341,599)
Depreciation and amortization | (158,384) | (159,158) | (484,421) | (475,793)
Other segment expenses | (44,667) | (39,535) | (129,590) | (116,458)
Total adjusted operating income (loss) | 127,764 | 105,868 | 357,494 | 310,911
Capital expenditures | 188,619 | 113,124 | 534,366 | 355,191
Operating Segments | U.S. Drilling |  |  |  |
Segment Information |  |  |  |
Operating revenues | 249,836 | 254,773 | 736,020 | 786,485
Direct costs | (149,156) | (139,702) | (428,372) | (425,182)
Depreciation and amortization | (62,732) | (66,966) | (185,877) | (205,775)
Other segment expenses | (6,519) | (6,411) | (18,955) | (18,220)
Total adjusted operating income (loss) | 31,429 | 41,694 | 102,816 | 137,308
Capital expenditures | 39,238 | 25,778 | 107,137 | 87,597
Operating Segments | International Drilling |  |  |  |
Segment Information |  |  |  |
Operating revenues | 407,235 | 368,594 | 1,173,923 | 1,074,686
Direct costs | (260,004) | (235,402) | (756,390) | (699,863)
Depreciation and amortization | (82,075) | (83,769) | (246,210) | (246,490)
Other segment expenses | (19,680) | (17,241) | (56,838) | (50,003)
Total adjusted operating income (loss) | 45,476 | 32,182 | 114,485 | 78,330
Capital expenditures | 132,678 | 81,903 | 368,189 | 251,163
Operating Segments | Drilling Solutions |  |  |  |
Segment Information |  |  |  |
Operating revenues | 141,942 | 79,544 | 405,404 | 238,079
Direct costs | (69,186) | (37,353) | (193,891) | (116,645)
Depreciation and amortization | (10,684) | (5,080) | (44,760) | (15,123)
Other segment expenses | (12,090) | (7,880) | (33,493) | (22,868)
Total adjusted operating income (loss) | 49,982 | 29,231 | 133,260 | 83,443
Capital expenditures | 16,186 | 4,857 | 57,772 | 12,273
Operating Segments | Rig Technologies |  |  |  |
Segment Information |  |  |  |
Operating revenues | 35,597 | 45,809 | 116,289 | 145,511
Direct costs | (25,449) | (31,702) | (81,478) | (99,909)
Depreciation and amortization | (2,893) | (3,343) | (7,574) | (8,405)
Other segment expenses | (6,378) | (8,003) | (20,304) | (25,367)
Total adjusted operating income (loss) | 877 | 2,761 | 6,933 | 11,830
Capital expenditures | 517 | 586 | 1,268 | 4,158
Other items |  |  |  |
Segment Information |  |  |  |
Operating revenues | (16,420) | (16,915) | (44,472) | (44,454)
Direct costs | 11,967 | 12,454 | 32,122 | 32,592
Depreciation and amortization | (1,963) | (76) | (5,625) | (1,267)
Other segment expenses | (45,387) | (38,845) | (138,453) | (114,052)
Capital expenditures | $ (566) | $ 4,785 | $ 2,732 | $ 13,365

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