Reportable Segment Information (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2017

Dec. 31, 2016

Reconciliation of net income (loss) to adjusted EBITDA:



	Three months ended September 30, 2017									Nine months ended September 30, 2017
($ in thousands)	Pressure Pumping			All Other			Total			Pressure Pumping			All Other			Total
Net income (loss)	$	28,372		$	(6,407	)	$	21,965		$	30,087		$	(27,552	)	$	2,535
Depreciation and amortization	13,637			1,108			14,745			35,228			3,374			38,602
Interest expense	—			644			644			—			6,469			6,469
Income tax (benefit) expense	—			(96		)	(96		)	—			128			128
Loss on disposal of assets	7,552			1,190			8,742			27,943			1,028			28,971
Stock-based compensation	—			751			751			—			8,730			8,730
Other expense	—			191			191			—			792			792
Other general and administrative expense ⁽¹⁾	—			149			149			—			722			722
Deferred IPO bonus expense	452			225			677			5,038			2,668			7,706
Adjusted EBITDA	$	50,013		$	(2,245	)	$	47,768		$	98,296		$	(3,641	)	$	94,655

	Three months ended September 30, 2016									Nine months ended September 30, 2016
($ in thousands)	Pressure Pumping			All Other			Total			Pressure Pumping			All Other			Total
Net loss	$	(12,265	)	$	(1,333	)	$	(13,598	)	$	(34,815	)	$	(1,015	)	$	(35,830	)
Depreciation and amortization	9,274			1,516			10,790			27,905			4,764			32,669
Interest expense	—			4,550			4,550			—			15,942			15,942
Income tax benefit	—			(6,946		)	(6,946		)	—			(18,644		)	(18,644		)
(Gain)/loss on disposal of assets	5,942			(19		)	5,923			13,410			(551		)	12,859
Stock-based compensation	—			510			510			—			1,130			1,130
Gain on extinguishment of debt	—			—			—			—			(6,975		)	(6,975		)
Other expense	—			106			106			—			419			419
Adjusted EBITDA	$	2,951		$	(1,616	)	$	1,335		$	6,500		$	(4,930	)	$	1,570

____________________


(1)	Other general and administrative expense relates to legal settlement expense.

A reconciliation from segment level financial information to the consolidated statement of operations is provided in the table below.



	Three months ended September 30, 2017							Nine months ended September 30, 2017
($ in thousands)	Pressure Pumping		All Other			Total		Pressure Pumping		All Other			Total
Service revenue	$	271,924	$	10,806		$	282,730	$	639,355	$	28,798		$	668,153
Adjusted EBITDA	$	50,013	$	(2,245	)	$	47,768	$	98,296	$	(3,641	)	$	94,655
Depreciation and amortization	$	13,637	$	1,108		$	14,745	$	35,228	$	3,374		$	38,602
Goodwill	$	9,425	$	—		$	9,425	$	9,425	$	—		$	9,425
Capital expenditures	$	61,752	$	765		$	62,517	$	203,097	$	3,231		$	206,328
Total assets	$	604,769	$	33,822		$	638,591	$	604,769	$	33,822		$	638,591

	Three months ended September 30, 2016							Nine months ended September 30, 2016
	Pressure Pumping		All Other			Total		Pressure Pumping		All Other			Total
Service revenue	$	109,697	$	7,207		$	116,904	$	251,410	$	21,589		$	272,999
Adjusted EBITDA	$	2,951	$	(1,616	)	$	1,335	$	6,500	$	(4,930	)	$	1,570
Depreciation and amortization	$	9,274	$	1,516		$	10,790	$	27,905	$	4,764		$	32,669
Goodwill	$	9,425	$	1,177		$	10,602	$	9,425	$	1,177		$	10,602
Capital expenditures	$	11,641	$	202		$	11,843	$	21,582	$	312		$	21,894
Total assets at December 31, 2016	$	501,906	$	39,516		$	541,422	$	501,906	$	39,516		$	541,422

A reconciliation from segment level financial information to the consolidated statement of operations is provided in the table below.



	Pressure Pumping		All Other			Total
Year ended December 31, 2016
Service revenue	$	409,014,337	$	27,905,933		$	436,920,270
Adjusted EBITDA	$	15,655,202	$	(7,839,014	)	$	7,816,188
Depreciation and amortization	$	37,281,862	$	6,259,817		$	43,541,679
Property and equipment impairment expense	$	—	$	6,305,426		$	6,305,426
Goodwill impairment expense	$	—	$	1,177,148		$	1,177,148
Capital expenditures	$	45,472,835	$	535,405		$	46,008,240
Goodwill	$	9,424,999	$	—		$	9,424,999
Total assets	$	501,905,907	$	39,516,391		$	541,422,298
Year ended December 31, 2015
Service revenue	$	510,198,128	$	59,419,630		$	569,617,758
Adjusted EBITDA	$	62,540,290	$	(2,391,032	)	$	60,149,258
Depreciation and amortization	$	38,368,650	$	11,765,343		$	50,133,993
Property and equipment impairment expense	$	7,979,906	$	28,629,426		$	36,609,332
Capital expenditures	$	69,029,321	$	2,647,324		$	71,676,645
Goodwill	$	9,424,999	$	1,177,148		$	10,602,147
Total assets	$	398,449,448	$	48,004,886		$	446,454,334

Reconciliation of net loss to adjusted EBITDA:



	Total
Year ended December 31, 2016
Net loss	$	(53,147,396	)
Depreciation and amortization	43,541,679
Interest expense	20,386,695
Loss on disposal of assets	22,528,670
Property and equipment impairment expense	6,305,426
Goodwill impairment expense	1,177,148
Gain on extinguishment of debt	(6,974,805		)
Stock‑based compensation	1,649,282
Other expense	321,071
Income tax benefit	(27,971,582		)
Adjusted EBITDA (see total above)	$	7,816,188



	Total
Year ended December 31, 2015
Net loss	$	(45,852,684	)
Depreciation and amortization	50,133,993
Interest expense	21,641,454
Loss on disposal of assets	21,267,985
Property and equipment impairment expense	36,609,332
Stock‑based compensation	1,238,824
Other expense	497,924
Income tax expense	(25,387,570		)
Adjusted EBITDA (see total above)	$	60,149,258

Major customers

For the years ended December 31, 2016 and 2015, the Company had revenue from four significant customers that accounted for the following percentages of the Company’s total revenue:



	2016		2015
Customer A	18.0	%	12.5	%
Customer B	12.5	%	8.8	%
Customer C	8.7	%	14.2	%
Customer D	7.0	%	11.1	%