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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating revenues    
Operating revenues $ 874,487 $ 637,084
Operating costs and expenses    
Depreciation and amortization 143,137 86,698
General and administrative 35,208 25,961
Merger and integration costs 14,920 9,331
Total operating costs and expenses 687,148 529,537
Operating income (loss) 187,339 107,547
Other income (expense)    
Interest expense, net of amounts capitalized (40,467) (17,544)
Interest income and other, net 1,837 (4,735)
Income (loss) before income taxes 148,709 85,268
Income tax benefit (provision) (40,406) 10,213
Net income (loss) $ 108,303 $ 95,481
Basic:    
Net income (loss) (in usd per share) $ 0.68 $ 0.67
Diluted:    
Net income (loss) (in usd per share) $ 0.67 $ 0.66
Contract drilling services    
Operating revenues    
Operating revenues $ 832,428 $ 612,425
Operating costs and expenses    
Cost of services 462,099 389,867
Reimbursables and other    
Operating revenues    
Operating revenues 42,059 24,659
Operating costs and expenses    
Cost of services $ 31,784 $ 17,680