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Segment Reporting
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
We operate in two business segments that offer different products and services and correspond to the manner in which the Company's Chief Executive Officer (the chief operating decision maker or "CODM") reviews and evaluates operating performance to make decisions about resources to be allocated to each segment.
Our reporting segments are:
•Pressure Control – engaged in the design, manufacture, sale, installation, service and associated rental of wellhead and pressure control equipment utilized during the drilling, completion and production phases of oil and gas wells.
•Spoolable Technologies – engaged in the design, manufacture, sale, installation, service and associated rental of onshore spoolable pipe technologies utilized for production, gathering and takeaway transportation of oil, gas or other liquids.
Financial information by business segment for the three months ended March 31, 2026 and 2025 is summarized below.
Three Months Ended
March 31,
2026
Pressure Control
Spoolable Technologies
Total
Revenues from external customers$298,449 $89,900 $388,349 
Intersegment revenue1,723 — 1,723 
Total revenues300,172 89,900 390,072 
Reconciliation of revenue
Elimination of intersegment revenue(1,723)
Total consolidated revenues388,349 
Less:(1)
Cost of revenue from external customers$221,857 $54,914 $276,771 
Intersegment cost of revenue1,614 — 1,614 
Total cost of revenues223,471 54,914 278,385 
Reconciliation of cost of revenue
Elimination of intersegment cost of revenue(1,614)
Total consolidated cost of revenue276,771 
Selling, general, administrative expenses and other (2)
38,096 11,419 
Segment profit$38,605 $23,567 $62,172 
Reconciliation of segment profit
Elimination of intersegment profit(109)
Total consolidated segment profit$62,063 
Corporate expenses (3)
(12,559)
Total operating income$49,504 
Interest income, net220 
Other income, net— 
Income before income taxes$49,724 
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.
(2) For each reportable segment, the 'Selling, general, administrative expenses and other' line items category includes: salaries and wages, stock based compensation amortization expense, depreciation expense, professional fees, rent expense, and other miscellaneous items.
(3) Comprised primarily of expenses not allocated to our operating segments.
Three Months Ended
March 31,
2025
Pressure Control
Spoolable Technologies
Total
Revenues from external customers$187,741 $92,578 $280,319 
Intersegment revenue2,536 — 2,536 
Total revenues190,277 92,578 282,855 
Reconciliation of revenue
Elimination of intersegment revenue(2,536)
Total consolidated revenues280,319 
Less:(1)
Cost of revenue from external customers$116,246 $56,335 $172,581 
Intersegment cost of revenue2,226 — 2,226 
Total cost of revenues118,472 56,335 174,807 
Reconciliation of cost of revenue
Elimination of intersegment cost of revenue(2,226)
Total consolidated cost of revenue172,581 
Selling, general, administrative expenses and other (2)
17,472 12,367 
Segment profit$54,333 $23,876 $78,209 
Reconciliation of segment profit
Elimination of intersegment profit(310)
Total consolidated segment profit$77,899 
Corporate expenses (3)
(9,287)
Total operating income$68,612 
Interest income, net2,325 
Other income, net— 
Income before income taxes$70,937 

(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(2) For each reportable segment, the 'Selling, general, administrative expenses and other' line items category includes: salaries and wages, stock based compensation amortization expense, depreciation expense, professional fees, rent expense, and other miscellaneous items.

(3) Comprised primarily of expenses not allocated to our operating segments.                            

Assets are not reported to the CODM on a segment basis as it is not a meaningful measure used to run the business.