Quarterly report pursuant to Section 13 or 15(d)

Reporting Segments (Tables)

v3.23.1
Reporting Segments (Tables)
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
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