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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net income (loss) $ (93,054,000) $ (966,399,000) $ 245,952,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion, amortization and impairment 940,264,000 1,171,873,000 731,416,000
Impairment of goodwill 0 885,240,000 0
Deferred income tax expense (benefit) (21,677,000) (1,765,000) 51,866,000
Stock-based compensation 39,286,000 46,352,000 46,750,000
Net gain on asset disposals (693,000) (3,688,000) (1,798,000)
Other 737,000 7,936,000 (1,053,000)
Changes in operating assets and liabilities:      
Accounts receivable 40,578,000 203,652,000 84,544,000
Inventory (1,775,000) (11,463,000) (30,793,000)
Other current assets 16,011,000 19,599,000 (10,360,000)
Other assets 16,520,000 33,760,000 24,686,000
Accounts payable 71,293,000 (112,858,000) (69,729,000)
Accrued liabilities (21,518,000) (66,582,000) (23,484,000)
Other liabilities (24,753,000) (30,121,000) (42,083,000)
Net cash provided by operating activities 961,219,000 1,175,536,000 1,005,914,000
Cash flows from investing activities:      
Acquisitions, net of cash acquired - NexTier 0 0 (65,185,000)
Acquisitions, net of cash acquired - Ulterra 0 2,983,000 (357,314,000)
Purchases of property and equipment (589,029,000) (678,386,000) (615,690,000)
Investment in unconsolidated affiliate (10,500,000) 0 0
Proceeds from disposal of assets, including insurance recoveries 44,117,000 25,832,000 26,473,000
Other (11,741,000) (5,173,000) (5,874,000)
Net cash used in investing activities (567,153,000) (654,744,000) (1,017,590,000)
Cash flows from financing activities:      
Purchases of treasury stock (69,636,000) (290,427,000) (200,710,000)
Dividends paid (122,453,000) (126,791,000) (100,034,000)
Proceeds from borrowings under revolving credit facility 0 50,000,000 420,000,000
Repayment of borrowings under revolving credit facility 0 (50,000,000) (420,000,000)
Proceeds from issuance of senior notes 0 0 396,412,000
Repayment of senior notes 0 0 (7,837,000)
Payments of finance leases (7,823,000) (45,484,000) (15,915,000)
Other (10,820,000) (12,290,000) (6,349,000)
Net cash provided by (used in) financing activities (210,732,000) (474,992,000) 65,567,000
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (3,985,000) 2,813,000 1,236,000
Net change in cash, cash equivalents and restricted cash 179,349,000 48,613,000 55,127,000
Cash, cash equivalents and restricted cash at beginning of year 241,293,000 192,680,000 137,553,000
Cash, cash equivalents and restricted cash at end of year 420,642,000 241,293,000 192,680,000
Net cash (paid) received during the year for:      
Interest, net of capitalized interest of $734 in 2025, $1,334 in 2024, and $1,692 in 2023 (66,931,000) (68,563,000) (39,607,000)
Income taxes (8,122,000) (14,767,000) (27,169,000)
Non-cash investing and financing activities:      
Net decrease in payables for purchases of property and equipment (22,035,000) (133,000) (15,111,000)
Net decrease in deposits on equipment purchases 3,942,000 12,607,000 7,876,000
Issuance of common stock for business acquisitions 0 0 3,159,714,000
Purchases of property and equipment through exchange of lease right of use asset 8,052,000 30,961,000 3,241,000
Derecognition of right of use asset $ (8,052,000) $ (36,117,000) $ (3,241,000)