Schedule of Segment Reporting Information, by Segment |
The following tables set forth certain financial information with respect to the Company’s reportable segments (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended March 31, 2023 |
Well Completion |
Infrastructure |
Sand |
Drilling |
All Other |
Eliminations |
Total |
Revenue from external customers |
$ |
67,179 |
|
$ |
28,280 |
|
$ |
12,442 |
|
$ |
1,824 |
|
$ |
6,595 |
|
$ |
— |
|
$ |
116,320 |
|
Intersegment revenues |
121 |
|
— |
|
25 |
|
1 |
|
437 |
|
(584) |
|
— |
|
Total revenue |
67,300 |
|
28,280 |
|
12,467 |
|
1,825 |
|
7,032 |
|
(584) |
|
116,320 |
|
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion |
52,037 |
|
22,476 |
|
7,860 |
|
1,922 |
|
4,698 |
|
— |
|
88,993 |
|
Intersegment cost of revenues |
478 |
|
11 |
|
— |
|
109 |
|
(14) |
|
(584) |
|
— |
|
Total cost of revenue |
52,515 |
|
22,487 |
|
7,860 |
|
2,031 |
|
4,684 |
|
(584) |
|
88,993 |
|
Selling, general and administrative |
2,492 |
|
4,211 |
|
503 |
|
313 |
|
864 |
|
— |
|
8,383 |
|
Depreciation, depletion, amortization and accretion |
4,817 |
|
3,374 |
|
1,187 |
|
1,367 |
|
2,211 |
|
— |
|
12,956 |
|
Gains on disposal of assets, net |
— |
|
(127) |
|
(16) |
|
— |
|
(218) |
|
— |
|
(361) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss) |
7,476 |
|
(1,665) |
|
2,933 |
|
(1,886) |
|
(509) |
|
— |
|
6,349 |
|
Interest expense, net |
929 |
|
1,845 |
|
156 |
|
160 |
|
199 |
|
— |
|
3,289 |
|
Other (income) expense, net |
— |
|
(8,808) |
|
(2) |
|
— |
|
186 |
|
— |
|
(8,624) |
|
Income (loss) before income taxes |
$ |
6,547 |
|
$ |
5,298 |
|
$ |
2,779 |
|
$ |
(2,046) |
|
$ |
(894) |
|
$ |
— |
|
$ |
11,684 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended March 31, 2022 |
Well Completion |
Infrastructure |
Sand |
Drilling |
All Other |
Eliminations |
Total |
Revenue from external customers |
$ |
23,630 |
|
$ |
23,009 |
|
$ |
8,347 |
|
$ |
2,852 |
|
$ |
4,460 |
|
$ |
— |
|
$ |
62,298 |
|
Intersegment revenues |
244 |
|
— |
|
832 |
|
3 |
|
272 |
|
(1,351) |
|
— |
|
Total revenue |
23,874 |
|
23,009 |
|
9,179 |
|
2,855 |
|
4,732 |
|
(1,351) |
|
62,298 |
|
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion |
21,839 |
|
18,887 |
|
7,788 |
|
2,372 |
|
3,594 |
|
— |
|
54,480 |
|
Intersegment cost of revenues |
1,031 |
|
16 |
|
— |
|
160 |
|
70 |
|
(1,277) |
|
— |
|
Total cost of revenue |
22,870 |
|
18,903 |
|
7,788 |
|
2,532 |
|
3,664 |
|
(1,277) |
|
54,480 |
|
Selling, general and administrative |
2,039 |
|
4,645 |
|
828 |
|
292 |
|
864 |
|
— |
|
8,668 |
|
Depreciation, depletion, amortization and accretion |
6,444 |
|
4,314 |
|
1,795 |
|
1,680 |
|
2,934 |
|
— |
|
17,167 |
|
Gains on disposal of assets, net |
(49) |
|
(5) |
|
(75) |
|
— |
|
(67) |
|
— |
|
(196) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating loss |
(7,430) |
|
(4,848) |
|
(1,157) |
|
(1,649) |
|
(2,663) |
|
(74) |
|
(17,821) |
|
Interest expense, net |
371 |
|
1,542 |
|
162 |
|
104 |
|
170 |
|
— |
|
2,349 |
|
Other (income) expense , net |
— |
|
(9,582) |
|
(4) |
|
— |
|
545 |
|
— |
|
(9,041) |
|
(Loss) income before income taxes |
$ |
(7,801) |
|
$ |
3,192 |
|
$ |
(1,315) |
|
$ |
(1,753) |
|
$ |
(3,378) |
|
$ |
(74) |
|
$ |
(11,129) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Well Completion |
Infrastructure |
Sand |
Drilling |
All Other |
Eliminations |
Total |
As of March 31, 2023: |
|
|
|
|
|
|
|
Total assets |
$ |
89,795 |
|
$ |
455,956 |
|
$ |
131,790 |
|
$ |
19,534 |
|
$ |
114,942 |
|
$ |
(80,521) |
|
$ |
731,496 |
|
As of December 31, 2022: |
|
|
|
|
|
|
|
Total assets |
$ |
82,897 |
|
$ |
450,841 |
|
$ |
129,467 |
|
$ |
21,755 |
|
$ |
120,164 |
|
$ |
(80,446) |
|
$ |
724,678 |
|
|