Property and Equipment, net

3 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

Property and equipment are stated at cost. We manufacture or construct most of our Pressure Control rental equipment assets. During the manufacture of these assets, they are reflected as construction in progress until complete. Property and equipment consists of the following:


	March 31, 2026		December 31, 2025
Land	$	16,483	$	16,442
Buildings and improvements	161,365		135,957
Machinery and equipment	191,207		156,467
Reels and skids	21,842		21,480
Vehicles	40,292		39,621
Rental equipment	239,617		233,331
Furniture and fixtures	2,023		2,021
Computers and software	11,994		11,953
Gross property and equipment	684,823		617,272
Less: Accumulated depreciation	(309,544)		(297,505)
Net property and equipment	375,279		319,767
Construction in progress	19,697		22,825
Total property and equipment, net	$	394,976	$	342,592