Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2026

Segment Reporting [Abstract]

Schedule of Summarized Financial Information by Segment

Financial information by business segment for the three and nine months ended September 30, 2026 and 2025 is summarized below.

	Three Months Ended September 30,
	2026
	Pressure Control		Spoolable Technologies		Total
Revenues from external customers	$	304,020	$	126,868	$	430,888
Intersegment revenue	809		—		809
Total revenues	304,829		126,868		431,697
Reconciliation of revenue
Elimination of intersegment revenue					(809)
Total consolidated revenues					430,888
Less:(1)
Cost of revenue from external customers	$	202,457	$	71,586	$	274,043
Intersegment cost of revenue	822		—		822
Total cost of revenues	203,279		71,586		274,865
Reconciliation of cost of revenue
Elimination of intersegment cost of revenue					(822)
Total consolidated cost of revenue					274,043
Selling, general, administrative expenses and other (2)	40,022		13,685
Segment profit	$	61,528	$	41,597	$	103,125
Reconciliation of segment profit
Elimination of intersegment profit					13
Total consolidated segment profit					$	103,138
Corporate expenses (3)					(9,090)
Total operating income					$	94,048
Interest income, net					766
Income before income taxes					$	94,814

(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 September 30,
	2025
	Pressure Control		Spoolable Technologies		Total
Revenues from external customers	$	168,714	$	95,240	$	263,954
Intersegment revenue	—		—		—
Total revenues	168,714		95,240		263,954
Reconciliation of revenue
Elimination of intersegment revenue					—
Total consolidated revenues					263,954
Less:(1)
Cost of revenue from external customers	$	109,547	$	57,284	$	166,831
Intersegment cost of revenue	237		—		237
Total cost of revenues	109,784		57,284		167,068
Reconciliation of cost of revenue
Elimination of intersegment cost of revenue					(237)
Total consolidated cost of revenue					166,831
Selling, general, administrative expenses and other (2)	14,407		12,150
Segment profit	$	44,523	$	25,806	$	70,329
Reconciliation of segment profit
Elimination of intersegment profit					237
Total consolidated segment profit					$	70,566
Corporate expenses (3)					(9,332)
Total operating income					$	61,234
Interest income, net					2,977
Other income, net					221
Income before income taxes					$	64,432

(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.

	Nine Months Ended September 30,
	2026
	Pressure Control		Spoolable Technologies		Total
Revenues from external customers	$	946,464	$	322,301	$	1,268,765
Intersegment revenue	2,532		—		2,532
Total revenues	948,996		322,301		1,271,297
Reconciliation of revenue
Elimination of intersegment revenue					(2,532)
Total consolidated revenues					1,268,765
Less:(1)
Cost of revenue from external customers	$	662,946	$	187,679	$	850,625
Intersegment cost of revenue	2,644		—		2,644
Total cost of revenues	665,590		187,679		853,269
Reconciliation of cost of revenue
Elimination of intersegment cost of revenue					(2,644)
Total consolidated cost of revenue					850,625
Selling, general, administrative expenses and other (2)	124,119		37,290
Segment profit	$	159,287	$	97,332	$	256,619
Reconciliation of segment profit
Elimination of intersegment profit					112
Total consolidated segment profit					$	256,731
Corporate expenses (3)					(29,597)
Total operating income					$	227,134
Interest income, net					1,935
Income before income taxes					$	229,069

(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.                            

	Nine Months Ended September 30,
	2025
	Pressure Control		Spoolable Technologies		Total
Revenues from external customers	$	533,805	$	284,043	$	817,848
Intersegment revenue	4,958		—		4,958
Total revenues	538,763		284,043		822,806
Reconciliation of revenue
Elimination of intersegment revenue					(4,958)
Total consolidated revenues					817,848
Less:(1)
Cost of revenue from external customers	$	343,536	$	169,456	$	512,992
Intersegment cost of revenue	4,534		—		4,534
Total cost of revenues	348,070		169,456		517,526
Reconciliation of cost of revenue
Elimination of intersegment cost of revenue					(4,534)
Total consolidated cost of revenue					512,992
Selling, general, administrative expenses and other (2)	49,504		36,852
Segment profit	$	141,189	$	77,735	$	218,924
Reconciliation of segment profit
Elimination of intersegment profit					(424)
Total consolidated segment profit					$	218,500
Corporate expenses (3)					(27,849)
Total operating income					$	190,651
Interest income, net					7,820
Other income, net					221
Income before income taxes					$	198,692

(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.