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v3.26.1

Reportable Segments (Tables) | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Segment Reporting | The following tables set forth certain financial information with respect to the Company’s reportable segments (in thousands):
Three Months Ended June 30, 2026 | Rentals | Infrastructure | Sand | Accommodations | Drilling | Total
Revenue from external and related party customers | $ | 10,115 |  | $ | 940 |  | $ | 7,975 |  | $ | 3,202 |  | $ | 3,822 |  | $ | 26,054 |
Intersegment revenue | 108 |  | — |  | — |  | — |  | — |  | 108 |
| 10,223 |  | 940 |  | 7,975 |  | 3,202 |  | 3,822 |  | 26,162 |
Reconciliation of Revenue |  |  |  |  |  |
Other(b) |  |  |  |  |  | 48 |
Eliminations(a) |  |  |  |  |  | (156) |
Total consolidated revenue |  |  |  |  |  | $ | 26,054 |
Less segment expenses: |  |  |  |  |  |
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion, inclusive of related parties | 4,722 |  | 1,540 |  | 7,713 |  | 2,118 |  | 2,972 |  |
Selling, general and administrative, exclusive of stock based compensation | 1,775 |  | 290 |  | 685 |  | 288 |  | 230 |  |
Segment Adjusted EBITDA | $ | 3,726 |  | $ | (890) |  | $ | (423) |  | $ | 796 |  | $ | 620 |  | $ | 3,829 |
Reconciliation of total segment Adjusted EBITDA |  |  |  |  |
Less: |  |  |  |  |  |
Other(b) |  |  |  |  |  | $ | 1,208 |
Depreciation, depletion, amortization and accretion |  |  |  |  | 4,634 |
Gains on disposal of assets, net |  |  |  |  |  | (4,641) |
Equity based compensation |  |  |  |  |  | 544 |
Interest expense, net |  |  | 784 |
Loss on marketable securities, net |  |  |  |  | 1,116 |
Other income, net |  |  |  |  |  | (471) |
Income from continuing operations before income taxes |  |  |  |  | $ | 655 |
Three Months Ended June 30, 2025 | Rentals | Infrastructure | Sand | Accommodations | Drilling | Total
Revenue from external and related party customers | $ | 3,078 |  | $ | 1,389 |  | $ | 5,376 |  | $ | 1,767 |  | $ | 743 |  | $ | 12,353 |
Intersegment revenue | 28 |  | — |  | — |  | — |  | — |  | 28 |
| 3,106 |  | 1,389 |  | 5,376 |  | 1,767 |  | 743 |  | 12,381 |
Reconciliation of Revenue |  |  |  |  |  |
Eliminations(a) |  |  |  |  |  | (28) |
Total consolidated revenue |  |  |  |  |  | $ | 12,353 |
Less segment expenses: |  |  |  |  |  |
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion, inclusive of related parties | $ | 1,567 |  | $ | 1,355 |  | $ | 5,262 |  | $ | 1,242 |  | $ | 758 |  |
Selling, general and administrative, exclusive of stock based compensation | 1,121 |  | 203 |  | 1,386 |  | 407 |  | 210 |  |
Segment Adjusted EBITDA | $ | 418 |  | $ | (169) |  | $ | (1,272) |  | $ | 118 |  | $ | (225) |  | $ | (1,130) |
Reconciliation of total segment Adjusted EBITDA |  |  |  |  |
Less: |  |  |  |  |  |
Other(b) |  |  |  |  |  | $ | 2,378 |
Depreciation, depletion, amortization and accretion |  |  |  |  | 2,827 |
Gains on disposal of assets, net |  |  |  |  |  | (1,077) |
Impairment of long-lived assets |  |  |  |  |  | 31,669 |
Stock based compensation |  |  |  |  |  | 200 |
Interest income, net |  |  | (298) |
Other expense, net |  |  |  |  |  | 628 |
Loss from continuing operations before income taxes |  |  |  |  | $ | (37,457) |
Six Months Ended June 30, 2026 | Rentals | Infrastructure | Sand | Accommodations | Drilling | Total
Revenue from external and related party customers | $ | 23,050 |  | $ | 1,208 |  | $ | 11,839 |  | $ | 6,743 |  | $ | 5,245 |  | $ | 48,085 |
Intersegment revenue | 140 |  | — |  | — |  | — |  | — |  | 140 |
| 23,190 |  | 1,208 |  | 11,839 |  | 6,743 |  | 5,245 |  | 48,225 |
Reconciliation of Revenue |  |  |  |  |  |
Other(b) |  |  |  |  |  | 96 |
Eliminations(a) |  |  |  |  |  | (236) |
Total consolidated revenue |  |  |  |  |  | $ | 48,085 |
Less segment expenses: |  |  |  |  |  |
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion, inclusive of related parties | $ | 12,781 |  | $ | 2,051 |  | $ | 12,168 |  | $ | 4,257 |  | $ | 4,164 |  |
Selling, general and administrative, exclusive of stock based compensation | 3,043 |  | 476 |  | 1,538 |  | 620 |  | 482 |  |
Segment Adjusted EBITDA | $ | 7,366 |  | $ | (1,319) |  | $ | (1,867) |  | $ | 1,866 |  | $ | 599 |  | $ | 6,645 |
Reconciliation of total segment Adjusted EBITDA
Less: |  |  |  |  |  |
Other(b) |  |  |  |  |  | $ | 2,096 |
Depreciation, depletion, amortization and accretion |  |  |  |  | 8,104 |
Gains on disposal of assets, net |  |  |  |  |  | (5,316) |
Equity based compensation |  |  |  |  |  | 544 |
Interest expense, net |  |  | 270 |
Gain on marketable securities, net |  |  |  |  | (5,987) |
Other expense, net |  |  |  |  |  | 138 |
Income from continuing operations before income taxes |  |  |  |  | $ | 6,796 |
Six Months Ended June 30, 2025 | Rentals | Infrastructure | Sand | Accommodations | Drilling | Total
Revenue from external and related party customers | $ | 4,994 |  | $ | 2,102 |  | $ | 12,115 |  | $ | 3,847 |  | $ | 925 |  | $ | 23,983 |
Intersegment revenue | 38 |  | — |  | — |  | — |  | — |  | 38 |
| 5,032 |  | 2,102 |  | 12,115 |  | 3,847 |  | 925 |  | 24,021 |
Reconciliation of Revenue |  |  |  |  |  |
Eliminations(a) |  |  |  |  |  | (38) |
Total consolidated revenue |  |  |  |  |  | $ | 23,983 |
Less segment expenses: |  |  |  |  |  |
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion, inclusive of related parties | $ | 2,984 |  | $ | 2,229 |  | $ | 10,738 |  | $ | 2,673 |  | $ | 1,154 |  |
Selling, general and administrative, exclusive of stock based compensation | 1,488 |  | 323 |  | 2,816 |  | 796 |  | 420 |  |
Segment Adjusted EBITDA | $ | 560 |  | $ | (450) |  | $ | (1,439) |  | $ | 378 |  | $ | (649) |  | $ | (1,600) |
Reconciliation of total segment Adjusted EBITDA
Less: |  |  |  |  |  |
Other(b) |  |  |  |  |  | $ | 4,248 |
Depreciation, depletion, amortization and accretion |  |  |  |  | 4,910 |
Gains on disposal of assets, net |  |  |  |  |  | (4,549) |
Impairment of other long-lived assets |  |  |  |  | 31,669 |
Stock based compensation |  |  |  |  |  | 412 |
Interest income, net |  |  | (383) |
Other expense, net |  |  |  |  |  | 960 |
Loss from continuing operations before income taxes |  |  |  |  | $ | (38,867) |
(a) Includes eliminations for intersegment transactions.
(b) Includes activity related to non-operating legacy services that are no longer active.
| Rentals | Infrastructure | Sand | Accommodations | Drilling | Total
As of June 30, 2026: |  |  |  |  |  |
Total assets for reportable segments | $ | 126,384 |  | $ | 13,192 |  | $ | 69,282 |  | $ | 14,076 |  | $ | 5,080 |  | $ | 228,014 |
Other assets(a) |  |  |  |  |  | 116,608 |
Total consolidated assets, excluding discontinued operations |  |  |  | $ | 344,622 |
As of December 31, 2025: |  |  |  |  |  |
Total assets for reportable segments | $ | 75,004 |  | $ | 2,598 |  | $ | 68,028 |  | $ | 14,309 |  | $ | 1,859 |  | $ | 161,798 |
Other assets(a) |  |  |  |  |  | 167,900 |
Total consolidated assets, excluding discontinued operations |  |  |  | $ | 329,698 |
(a) Includes assets related to non-operating legacy services that are no longer active as well as corporate related assets, which include cash and cash equivalents, marketable securities, restricted cash and other current assets.

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- Definition Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 + Details
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