XML 41 R25.htm IDEA: XBRL DOCUMENT

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2025
Subsequent Events [Abstract]
Subsequent Events	Note 18 — Subsequent Events On January 16, 2026, the Company executed a contract with a core customer to build and deploy 15 next generation ECHO hybrid electric rigs. The contract includes provisions for shared capital costs and minimum hourly commitments in future operating periods. The first of these rigs is expected to be delivered in the third quarter of 2026, with all 15 rigs anticipated to be deployed before the end of fiscal year 2027. On March 5, 2026, the Board of Directors declared a quarterly cash dividend of $0.06 per share payable April 6, 2026 to common stockholders of record at the close of business on March 20, 2026. The declaration of any future dividends is subject to the Board of Directors’ discretion and approval.