BUSINESS SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

BUSINESS SEGMENT INFORMATION

Schedule of operating segment revenues by major service lines

	Three months ended				Six months ended
	June 30,				June 30,
(in thousands)	2024		2023		2024		2023
Technical Services:
Pressure Pumping	$	147,156	$	209,820	$	323,412	$	474,621
Downhole Tools		100,670		101,589		194,464		208,993
Coiled Tubing		38,984		38,355		72,152		78,421
Cementing		28,038		6,019		55,789		12,264
Nitrogen		8,346		12,719		17,896		24,816
Snubbing		5,278		7,672		10,134		14,763
All other		13,012		13,844		24,031		28,131
Total Technical Services		341,484		390,018		697,878		842,009
Support Services:
Rental Tools		17,422		18,334		33,396		36,010
All other		5,247		7,506		10,712		14,507
Total Support Services		22,669		25,840		44,108		50,517
Total revenues	$	364,153	$	415,858	$	741,986	$	892,526

Schedule of segment reporting information by segment

	Three months ended				Six months ended
	June 30,				June 30,
(in thousands)	2024		2023		2024		2023
Revenues:
Technical Services	$	341,484	$	390,018	$	697,878	$	842,009
Support Services		22,669		25,840		44,108		50,517
Total revenues	$	364,153	$	415,858	$	741,986	$	892,526
Operating income:
Technical Services	$	30,198	$	77,017	$	62,154	$	180,550
Support Services		4,379		7,920		7,978		14,564
Corporate expenses		(2,447)		(4,672)		(6,867)		(9,753)
Pension settlement charges		—		(911)		—		(18,286)
Gain on disposition of assets, net		3,338		3,015		4,552		5,951
Total operating income		35,468		82,369		67,817		173,026
Interest expense		(99)		(73)		(333)		(145)
Interest income		3,343		2,698		6,308		4,553
Other income, net		732		631		1,499		1,392
Income before income taxes	$	39,444	$	85,625	$	75,291	$	178,826

As of and for the six months ended	Technical		Support
June 30, 2024	Services		Services		Corporate		Total
(in thousands)
Depreciation and amortization	$	56,522	$	5,777	$	38	$	62,337
Capital expenditures		115,217		10,920		1,662		127,799
Identifiable assets		914,418		81,375		329,453		1,325,246

As of and for the six months ended	Technical		Support
June 30, 2023	Services		Services		Corporate		Total
(in thousands)
Depreciation and amortization	$	45,580	$	4,723	$	25	$	50,328
Capital expenditures		97,317		5,285		1,886		104,488
Identifiable assets		853,837		87,972		286,379		1,228,188

Schedule of revenue by geographical location

	Three months ended				Six months ended
	June 30,				June 30,
(in thousands)	2024		2023		2024		2023
United States revenues	$	353,478	$	409,431	$	721,416	$	878,818
International revenues		10,675		6,427		20,570		13,708
Total revenues	$	364,153	$	415,858	$	741,986	$	892,526