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Business Segments (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Financial Data by Segment and Assets by Reportable Segment

Summary financial data by segment follows (in thousands):

									Three Months Ended
									March 31,
															2024						2023
Revenue
Drilling and Completions															$	119,071					$	126,764
Artificial Lift and Downhole															83,342						62,207
Eliminations															(21)						(14)
Total revenue															$	202,392					$	188,957
Segment operating income
Drilling and Completions															$	4,559					$	4,990
Artificial Lift and Downhole															11,786						8,633
Corporate															(7,252)						(7,032)
Segment operating income															9,093						6,591
Transaction expenses															5,921						—
Gain on disposal of assets and other															(28)						(260)
Operating income															$	3,200					$	6,851

A summary of consolidated assets by reportable segment is as follows (in thousands):

			March 31, 2024						December 31, 2023
Drilling and Completions			$	593,294					$	615,033
Artificial Lift and Downhole			413,533						178,785
Corporate			14,562						27,243
Total assets			$	1,021,389					$	821,061

Schedule of Revenue from External Customers by Products and Services

The following table presents our revenues disaggregated by product line (in thousands):

									Three Months Ended
															March 31,
															2024						2023
Drilling															$	36,472					$	40,307
Subsea															21,835						12,806
Stimulation and Intervention															38,560						47,310
Coiled Tubing															22,204						26,341
Downhole															52,243						23,211
Production Equipment															18,482						19,896
Valve Solutions															12,617						19,100
Eliminations															(21)						(14)
Total revenue															$	202,392					$	188,957

Schedule of Revenue Disaggregated by Geography

The following table presents our revenues disaggregated by geography (in thousands):

									Three Months Ended
									March 31,
															2024						2023
United States															$	111,317					$	129,186
Canada															35,639						13,668
Europe & Africa															21,602						11,672
Middle East															17,355						17,982
Asia-Pacific															10,168						7,681
Latin America															6,311						8,768
Total revenue															$	202,392					$	188,957

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

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Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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