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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating revenues:        
Revenues $ 1,219,320 $ 1,348,194 $ 2,499,857 $ 2,858,554
Operating costs and expenses:        
Depreciation, depletion, amortization and impairment 261,858 267,638 493,724 542,594
Selling, general and administrative 64,108 64,578 131,038 129,562
Merger and integration expense 488 10,645 920 22,878
Other operating expense (income), net (7,011) (11,059) (4,061) (17,010)
Total operating costs and expenses 1,248,806 1,302,966 2,512,398 2,726,327
Operating income (loss) (29,486) 45,228 (12,541) 132,227
Other income (expense):        
Interest income 1,272 1,867 2,736 4,056
Interest expense, net of amount capitalized (17,645) (17,913) (35,342) (36,248)
Other income (expense) (1,644) 224 324 1,074
Total other expense (18,017) (15,822) (32,282) (31,118)
Income (loss) before income taxes (47,503) 29,406 (44,823) 101,109
Income tax expense 1,194 17,785 2,584 37,782
Net income (loss) (48,697) 11,621 (47,407) 63,327
Net income attributable to noncontrolling interest 447 544 732 1,015
Net income (loss) attributable to common stockholders $ (49,144) $ 11,077 $ (48,139) $ 62,312
Net income (loss) attributable to common stockholder per common share:        
Basic (in usd per share) $ (0.13) $ 0.03 $ (0.12) $ 0.15
Diluted (in usd per share) $ (0.13) $ 0.03 $ (0.12) $ 0.15
Weighted average number of common shares outstanding:        
Basic (in shares) 385,365 399,558 385,940 403,870
Diluted (in shares) 385,365 399,558 385,940 403,870
Cash dividends per common share (in usd per share) $ 0.08 $ 0.08 $ 0.16 $ 0.16
Drilling Services        
Operating revenues:        
Revenues $ 403,805 $ 440,289 $ 816,665 $ 897,862
Operating costs and expenses:        
Operating costs and expenses 254,772 261,497 502,401 533,234
Completion Services        
Operating revenues:        
Revenues 719,332 805,373 1,485,412 1,750,370
Operating costs and expenses:        
Operating costs and expenses 619,083 653,240 1,276,764 1,398,834
Drilling Products        
Operating revenues:        
Revenues 88,390 86,054 174,053 176,027
Operating costs and expenses:        
Operating costs and expenses 49,335 46,147 96,275 94,777
Other        
Operating revenues:        
Revenues 7,793 16,478 23,727 34,295
Operating costs and expenses:        
Operating costs and expenses $ 6,173 $ 10,280 $ 15,337 $ 21,458