XML 125 R32.htm IDEA: XBRL DOCUMENT
v3.26.1

Discontinued Operations (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2026
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 Transaction |  | Pressure Pumping Transaction |  | Engineering Transaction
| June 30, |  | December 31, |  | June 30, |  | December 31, |  | June 30, |  | December 31,
| 2026 |  | 2025 |  | 2026 |  | 2025 |  | 2026 |  | 2025
Carrying amounts of the major classes of assets included in discontinued operations: |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | — |  |  | $ | 55 |  |  | $ | 50 |  |  | $ | — |  |  | $ | — |
Accounts receivable, net | — |  |  | — |  |  | 1,003 |  |  | 1,036 |  |  | — |  |  | — |
Inventories | — |  |  | — |  |  | 264 |  |  | 264 |  |  | — |  |  | — |
Other current assets | — |  |  | — |  |  | 12 |  |  | 168 |  |  | — |  |  | — |
Total current assets of discontinued operations | — |  |  | — |  |  | 1,334 |  |  | 1,518 |  |  | — |  |  | — |
Property, plant and equipment, net | — |  |  | — |  |  | 6 |  |  | 3,678 |  |  | — |  |  | — |
Total noncurrent assets of discontinued operations | — |  |  | — |  |  | 6 |  |  | 3,678 |  |  | — |  |  | — |
Total assets of discontinued operations | $ | — |  |  | $ | — |  |  | $ | 1,340 |  |  | $ | 5,196 |  |  | $ | — |  |  | $ | — |
Carrying amounts of the major classes of liabilities included in discontinued operations: |  |  |  |  |  |  |  |  |  |  |
Accounts payable | $ | — |  |  | $ | — |  |  | $ | 76 |  |  | $ | 41 |  |  | $ | — |  |  | $ | — |
Accrued expenses and other current liabilities | — |  |  | — |  |  | 222 |  |  | 342 |  |  | — |  |  | — |
Total current liabilities of discontinued operations | — |  |  | — |  |  | 298 |  |  | 383 |  |  | — |  |  | — |
Total liabilities of discontinued operations | $ | — |  |  | $ | — |  |  | $ | 298 |  |  | $ | 383 |  |  | $ | — |  |  | $ | — |
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 Transaction |  | Pressure Pumping Transaction |  | Engineering Transaction
| Three Months Ended June 30, |  | Three Months Ended June 30, |  | Three Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025 |  | 2026 |  | 2025
Services revenue | $ | — |  |  | $ | 3,502 |  |  | $ | — |  |  | $ | 20,887 |  |  | $ | — |  |  | $ | 4,055 |
COST, EXPENSES AND GAINS |  |  |  |  |  |  |  |  |  |  |
Cost of revenue | (15) |  |  | 3,831 |  |  | (488) |  |  | 20,660 |  |  | — |  |  | 2,942 |
Selling, general and administrative | 25 |  |  | 374 |  |  | 7 |  |  | 666 |  |  | — |  |  | 382 |
Depreciation and amortization | — |  |  | 96 |  |  | — |  |  | 2,614 |  |  | — |  |  | 6 |
Gains on disposal of assets, net | — |  |  | 146 |  |  | — |  |  | (256) |  |  | — |  |  | — |
Impairment of goodwill | — |  |  | — |  |  | — |  |  | 9,214 |  |  | — |  |  | — |
Total cost, expenses and gains, net | 10 |  |  | 4,447 |  |  | (481) |  |  | 32,898 |  |  | — |  |  | 3,330 |
Operating (loss) income | (10) |  |  | (945) |  |  | 481 |  |  | (12,011) |  |  | — |  |  | 725 |
OTHER (INCOME) EXPENSE |  |  |  |  |  |  |  |  |  |  |
Interest expense (income), net | — |  |  | 3 |  |  | 6 |  |  | (368) |  |  | — |  |  | (107) |
Other (income) expense, net | — |  |  | (127) |  |  | — |  |  | 2 |  |  | — |  |  | 1 |
(Gain) loss on divestiture | — |  |  | (83,747) |  |  | — |  |  | 24,974 |  |  | 27 |  |  | — |
Total other expense (income), net | — |  |  | (83,871) |  |  | 6 |  |  | 24,608 |  |  | 27 |  |  | (106) |
(Loss) income before income taxes | (10) |  |  | 82,926 |  |  | 475 |  |  | (36,619) |  |  | (27) |  |  | 831 |
Provision (benefit) for income taxes | — |  |  | 3,028 |  |  | — |  |  | (1,262) |  |  | — |  |  | 1 |
Net (loss) income from discontinued operations, net of income taxes | $ | (10) |  |  | $ | 79,898 |  |  | $ | 475 |  |  | $ | (35,357) |  |  | $ | (27) |  |  | $ | 830 |
| T&D Transaction |  | Pressure Pumping Transaction |  | Engineering Transaction
| Six Months Ended June 30, |  | Six Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025 |  | 2026 |  | 2025
Services revenue | $ | — |  |  | $ | 29,553 |  |  | $ | — |  |  | $ | 41,709 |  |  | $ | — |  |  | $ | 8,018 |
COST, EXPENSES AND GAINS |  |  |  |  |  |  |  |  |  |  |
Cost of revenue | (14) |  |  | 25,378 |  |  | (299) |  |  | 39,507 |  |  | — |  |  | 5,874 |
Selling, general and administrative | 77 |  |  | 1,846 |  |  | 70 |  |  | 1,242 |  |  | — |  |  | 759 |
Depreciation and amortization | — |  |  | 957 |  |  | 3 |  |  | 5,704 |  |  | — |  |  | 13 |
Gains on disposal of assets, net | — |  |  | (20) |  |  | (855) |  |  | (637) |  |  | — |  |  | — |
Impairment of goodwill | — |  |  | — |  |  | — |  |  | 9,214 |  |  | — |  |  | — |
Total cost, expenses and gains, net | 63 |  |  | 28,161 |  |  | (1,081) |  |  | 55,030 |  |  | — |  |  | 6,646 |
Operating (loss) income | (63) |  |  | 1,392 |  |  | 1,081 |  |  | (13,321) |  |  | — |  |  | 1,372 |
OTHER (INCOME) EXPENSE |  |  |  |  |  |  |  |  |  |  |
Interest expense (income), net | — |  |  | 59 |  |  | 50 |  |  | (465) |  |  | — |  |  | (130) |
Other (income) expense, net | — |  |  | (122) |  |  | 1 |  |  | 3 |  |  | — |  |  | 1 |
(Gain) loss on divestiture | — |  |  | (83,747) |  |  | — |  |  | 24,974 |  |  | 27 |  |  | — |
Total other expense (income), net | — |  |  | (83,810) |  |  | 51 |  |  | 24,512 |  |  | 27 |  |  | (129) |
(Loss) income before income taxes | (63) |  |  | 85,202 |  |  | 1,030 |  |  | (37,833) |  |  | (27) |  |  | 1,501 |
Provision (benefit) for income taxes | — |  |  | 3,050 |  |  | — |  |  | (1,262) |  |  | — |  |  | 1 |
Net (loss) income from discontinued operations, net of income taxes | $ | (63) |  |  | $ | 82,152 |  |  | $ | 1,030 |  |  | $ | (36,571) |  |  | $ | (27) |  |  | $ | 1,500 |

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 102 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483474/205-20-55-102 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483475/205-20-45-11 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483474/205-20-55-103 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5C Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480781/205-20-S99-3 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5C Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5B Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4B Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3 Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-1 Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-1 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration