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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating revenues:      
Total operating revenues $ 4,826,624,000 $ 5,377,911,000 $ 4,146,456,000
Operating costs and expenses:      
Depreciation, depletion, amortization and impairment 940,264,000 1,171,873,000 731,416,000
Impairment of goodwill 0 885,240,000 0
Selling, general and administrative 255,072,000 268,337,000 169,962,000
Merger and integration expense 1,016,000 33,037,000 98,077,000
Other operating expense (income), net 14,600,000 (10,708,000) (16,272,000)
Total operating costs and expenses 4,867,454,000 6,267,648,000 3,794,502,000
Operating income (loss) (40,830,000) (889,737,000) 351,954,000
Other income (expense):      
Interest income 6,649,000 5,729,000 6,122,000
Interest expense, net of amount capitalized (70,508,000) (71,963,000) (52,870,000)
Other income (expense) 1,698,000 (975,000) 1,898,000
Total other income (expense) (62,161,000) (67,209,000) (44,850,000)
Income (loss) before income taxes (102,991,000) (956,946,000) 307,104,000
Income tax expense (benefit) (9,937,000) 9,453,000 61,152,000
Net income (loss) (93,054,000) (966,399,000) 245,952,000
Net income (loss) attributable to noncontrolling interest 581,000 1,632,000 (340,000)
Net income (loss) attributable to common stockholders $ (93,635,000) $ (968,031,000) $ 246,292,000
Net income (loss) attributable to common stockholder per common share:      
Basic (in usd per share) $ (0.24) $ (2.44) $ 0.88
Diluted (in usd per share) $ (0.24) $ (2.44) $ 0.88
Weighted average number of common shares outstanding:      
Basic (in shares) 383,465 397,196 279,501
Diluted (in shares) 383,465 397,196 280,061
Drilling Services      
Operating revenues:      
Total operating revenues $ 1,557,642,000 $ 1,727,810,000 $ 1,919,759,000
Operating costs and expenses:      
Operating costs and expenses 977,234,000 1,029,591,000 1,119,200,000
Completion Services      
Operating revenues:      
Total operating revenues 2,892,247,000 3,232,785,000 2,017,440,000
Operating costs and expenses:      
Operating costs and expenses 2,461,539,000 2,658,170,000 1,567,940,000
Drilling Products      
Operating revenues:      
Total operating revenues 343,707,000 351,651,000 134,679,000
Operating costs and expenses:      
Operating costs and expenses 196,130,000 191,107,000 81,555,000
Other      
Operating revenues:      
Total operating revenues 33,028,000 65,665,000 74,578,000
Operating costs and expenses:      
Operating costs and expenses $ 21,599,000 $ 41,001,000 $ 42,624,000