Quarterly report [Sections 13 or 15(d)]

Property, Plant and Equipment, net (Tables)

v3.25.3
Property, Plant and Equipment, net (Tables)
 9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment, Net
Property, plant and equipment, net includes the following (in thousands):
September 30, December 31,
Useful Life 2025 2024
Machinery and equipment
7-20 years
 $ 74,611  $ 114,428 
Buildings and leasehold improvements
15-39 years
 29,691  38,039 
Aviation equipment(a)
3-10 years
 17,500  3,742 
Vehicles, trucks and trailers
5-10 years
 15,466  19,716 
Drilling rigs and directional drilling equipment
3-15 years
 13,186  96,120 
Rail improvements
10-20 years
 11,759  13,445 
Land N/A 6,025  11,679 
Other property, plant and equipment
3-15 years
 6,811  17,385 
175,049  314,554 
Equipment not yet placed in service 26,758  3,094 
201,807  317,648 
Less: Accumulated depreciation(b)
117,979  250,923 
Total property, plant and equipment, net $ 83,828  $ 66,725 
(a)    This equipment relates to assets leased to customers under operating leases.
(b)    Includes accumulated depreciation of $4.5 million and $2.7 million at September 30, 2025 and December 31, 2024, respectively, related to assets leased to customers under operating leases.
Schedule of Depreciation, Depletion, Accretion and Amortization Expense
A summary of depreciation, depletion, amortization and accretion is below (in thousands):
Three Months Ended September 30, Nine Months Ended September 30,
2025 2024 2025 2024
Depreciation $ 1,913  $ 2,380  $ 6,195  $ 8,155 
Amortization 14  14  41  41 
Depletion and accretion 829  762  1,443  1,154 
Depreciation, depletion, amortization and accretion $ 2,756  $ 3,156  $ 7,679  $ 9,350