Inventories, Net

3 Months Ended

Mar. 31, 2026

Inventory Disclosure [Abstract]

Inventories, Net

Inventories, Net

Inventories consisted of the following:

	March 31, 2026		December 31, 2025
Spare parts	$	18.7	$	19.3
Plugs	8.6		9.0
Consumables	5.0		4.6
Other	3.2		1.9
Subtotal	35.5		34.8
Less: Inventory reserve	(3.6)		(4.1)
Total inventories, net	$	31.9	$	30.7

Inventories are made up of spare parts, composite and dissolvable plugs, consumables (including thru-tubing accessory tools, chemicals and cement) and other (including coiled tubing strings and wireline spools) used to perform services for customers. The Company values inventories at the lower of cost or net realizable value. Inventories are reported net of inventory reserve of $3.6 and $4.1 as of March 31, 2026 and December 31, 2025, respectively.