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Discontinued Operations (Tables)
 9 Months Ended
Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Major Components of Discontinued Operations
The following table presents the major classes of assets and liabilities of discontinued operations (in thousands):
T&D TransactionPressure Pumping Transaction
September 30,December 31, September 30,December 31,
2025202420252024
Carrying amounts of the major classes of assets included in discontinued operations:
Cash and cash equivalents$— $— $59 $122 
Restricted cash— 2,000 — — 
Accounts receivable, net— 22,408 1,098 12,843 
Inventories— — 1,114 8,271 
Other current assets— 404 287 338 
Total current assets of discontinued operations— 24,812 2,558 21,574 
Property, plant and equipment, net— 13,190 4,142 35,166 
Operating lease right-of-use assets— 1,202 250 494 
Goodwill— — — 9,214 
Other non-current assets— 75 — — 
Total noncurrent assets of discontinued operations— 14,467 4,392 44,874 
Total assets of discontinued operations$— $39,279 $6,950 $66,448 
Carrying amounts of the major classes of liabilities included in discontinued operations:
Accounts payable$— $4,673 $253 $14,346 
Accrued expenses and other current liabilities— 6,621 597 784 
Current operating lease liabilities— 248 202 302 
Total current liabilities of discontinued operations— 11,542 1,052 15,432 
Long-term operating lease liabilities— 954 — — 
Other long-term liabilities— 6,415 — — 
Total noncurrent liabilities of discontinued operations— 7,369 — — 
Total liabilities of discontinued operations$— $18,911 $1,052 $15,432 
The following tables present the major components from discontinued operations in the Company’s unaudited condensed consolidated statements of operations and comprehensive income (loss) (in thousands):
T&D TransactionPressure Pumping Transaction
Three Months Ended September 30,Three Months Ended September 30,
2025202420252024
Services revenue$— $21,692 $207 $1,271 
COST, EXPENSES AND GAINS
Cost of revenue519 18,771 2,286 5,768 
Selling, general and administrative53 1,470 310 452 
Depreciation and amortization— 568 34 2,459 
Gains on disposal of assets, net— (41)(851)(60)
Total cost, expenses and gains, net572 20,768 1,779 8,619 
Operating (loss) income (572)924 (1,572)(7,348)
OTHER (INCOME) EXPENSE
Interest expense, net— 8,177 44 490 
Other expense, net— 13 1 1 
Total other expense, net— 8,190 45 491 
Loss before income taxes(572)(7,266)(1,617)(7,839)
(Benefit) provision for income taxes(1,632)72 — — 
Net income (loss) from discontinued operations, net of income taxes$1,060 $(7,338)$(1,617)$(7,839)
T&D TransactionPressure Pumping Transaction
Nine Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Services revenue$29,553 $68,558 $41,916 $17,756 
COST, EXPENSES AND GAINS
Cost of revenue 25,897 56,965 41,793 22,603 
Selling, general and administrative1,899 4,584 1,552 1,545 
Depreciation and amortization957 1,830 5,738 8,076 
(Gains) losses on disposal of assets, net(20)(984)(1,488)125 
Impairment of goodwill— — 9,214 — 
Total cost, expenses and gains, net28,733 62,395 56,809 32,349 
Operating income (loss)820 6,163 (14,893)(14,593)
OTHER (INCOME) EXPENSE
Interest expense (income), net59 10,211 (420)1,479 
Other (income) expense, net(122)32 4 2 
(Gain) loss on divestiture(83,747)— 24,974 — 
Total other (income) expense, net(83,810)10,243 24,558 1,481 
Income (loss) before income taxes84,630 (4,080)(39,451)(16,074)
Provision (benefit) for income taxes1,418 104 (1,262)— 
Net income (loss) from discontinued operations, net of income taxes$83,212 $(4,184)$(38,189)$(16,074)