Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of segment information

egment information for the years ended December 31, 2025 and 2024 is as follows (in millions):

	Year Ended December 31, 2025
	High Specification Rigs			Wireline Services			Processing Solutions and Ancillary Services		Other		Total
Revenue	$	347.0		$	68.9		$	131.0	$	—	$	546.9
Employee expenses	177.8			32.6			49.5		17.8		277.7
Repair and maintenance	32.6			6.8			14.2		—		53.6
Other segment items*	66.5			33.0			43.6		11.8		154.9
Depreciation and amortization	24.1			10.4			9.6		2.2		46.3
Impairment of fixed assets	—			—			—		0.4		0.4
Gain on sale of assets	—			—			—		(1.4)		(1.4)
Operating income (loss)	46.0			(13.9)			14.1		(30.8)		15.4
Interest expense, net	—			—			—		1.2		1.2
Other income	—			—			—		(3.6)		(3.6)
Income tax expense	—			—			—		5.5		5.5
Net income (loss)	$	46.0		$	(13.9)		$	14.1	$	(33.9)	$	12.3
Interest expense, net	—			—			—		1.2		1.2
Tax expense	—			—			—		5.5		5.5
Depreciation and amortization	24.1			10.4			9.6		2.2		46.3
EBITDA	70.1			(3.5)			23.7		(25.0)		65.3
Impairment of fixed assets	—		—	—		—	—		0.4		0.4
Equity based compensation	—			—			—		6.5		6.5
Gain on sale of assets	—			—			—		(1.4)		(1.4)
Severance and reorganization costs	—			1.0			0.1		0.1		1.2
Acquisition related costs	0.2			0.6			0.1		1.4		2.3
Legal fees and settlements	—			—			—		0.8		0.8
Employee retention credit	—			—			—		(3.5)		(3.5)
Inventory adjustment	—			1.6			—		—		1.6
Adjusted EBITDA	$	70.3		$	(0.3)		$	23.9	$	(20.7)	$	73.2
Capital expenditures	$	24.8		$	1.0		$	6.5	$	—	$	32.3

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* Other Segment Items include Direct Materials, Subcontractor Expense, Reimbursable Expenses, Equipment Rentals, Fuel, Per Diem, Travel & Entertainment, Vehicles and Miscellaneous. These items, including Employee Expenses and Repair and Maintenance, are included in Cost of Services and General and Administrative expense in the Consolidated Statements of Operations.

	Year Ended December 31, 2024
	High Specification Rigs		Wireline Services		Processing Solutions and Ancillary Services		Other		Total
Revenue	$	336.1	$	110.2	$	124.8	$	—	$	571.1
Employee expenses	172.6		49.1		46.3		17.4		285.4
Repair and maintenance	31.1		11.4		10.7		—		53.2
Other segment items*	63.4		46.8		41.4		10.4		162.0
Depreciation and amortization	22.2		11.4		8.6		1.9		44.1
Gain on sale of assets	—		—		—		(2.2)		(2.2)
Operating income (loss)	46.8		(8.5)		17.8		(27.5)		28.6
Interest expense, net	—		—		—		2.6		2.6
Income tax expense	—		—		—		7.6		7.6
Net income (loss)	$	46.8	$	(8.5)	$	17.8	$	(37.7)	$	18.4
Interest expense, net	—		—		—		2.6		2.6
Tax expense	—		—		—		7.6		7.6
Depreciation and amortization	22.2		11.4		8.6		1.9		44.1
EBITDA	69.0		2.9		26.4		(25.6)		72.7
Equity based compensation	—		—		—		5.8		5.8
Gain on disposal of property and equipment	—		—		—		(2.2)		(2.2)
Severance and reorganization costs	0.9		0.6		0.2		0.1		1.8
Acquisition related costs	0.4		—		—		0.1		0.5
Legal fees and settlements	0.2		—		—		0.1		0.3
Adjusted EBITDA	$	70.5	$	3.5	$	26.6	$	(21.7)	$	78.9
Capital expenditures	$	26.8	$	4.9	$	15.2	$	—	$	46.9

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* Other Segment Items include Direct Materials, Subcontractor Expense, Reimbursable Expenses, Equipment Rentals, Fuel, Per Diem, Travel & Entertainment, Vehicles and Miscellaneous. These items, including Employee Expenses and Repair and Maintenance, are included in Cost of Services and General and Administrative expense in the Consolidated Statements of Operations.