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