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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue $ 383,152 $ 270,526 $ 730,315 $ 539,014
Total cost of sales, exclusive of depreciation and amortization 146,038 114,436 271,094 227,179
Selling, general and administrative 36,244 31,163 73,451 62,828
Depreciation and amortization 63,139 43,853 120,759 86,688
Long-lived and other asset impairment 10,847 4,401 11,819 6,969
Restructuring charges 144   809  
Interest expense 41,711 27,859 79,452 55,193
Transaction-related costs 6,127 1,782 10,062 1,782
Gain on sale of assets, net (4,297) (576) (11,632) (2,957)
Other (income) expense, net (2,841) 128 (3,525) 267
Income before income taxes 86,040 47,480 178,026 101,065
Provision for income taxes 22,433 13,055 43,569 26,108
Income before equity in net loss of unconsolidated affiliate 63,607 34,425 134,457 74,957
Equity in net loss of unconsolidated affiliate, net of tax 187   187  
Net income $ 63,420 $ 34,425 $ 134,270 $ 74,957
Basic earnings per common share (in dollars per share) $ 0.36 $ 0.22 $ 0.76 $ 0.48
Diluted earnings per common share (in dollars per share) $ 0.36 $ 0.22 $ 0.76 $ 0.48
Weighted average common shares outstanding:        
Basic (in shares) 175,007 154,496 174,513 154,342
Diluted (in shares) 175,264 154,785 174,821 154,648
Contract operations        
Revenue $ 318,327 $ 225,468 $ 618,724 $ 448,519
Total cost of sales, exclusive of depreciation and amortization 96,152 79,278 185,951 157,021
Aftermarket services        
Revenue 64,825 45,058 111,591 90,495
Total cost of sales, exclusive of depreciation and amortization $ 49,886 $ 35,158 $ 85,143 $ 70,158