| 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):
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| Year Ended December 31, 2025 |
Rentals |
Infrastructure |
Sand |
Accommodations |
Drilling |
Total |
| Revenue from external and related party customers |
$ |
11,025 |
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$ |
4,086 |
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$ |
16,552 |
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$ |
8,954 |
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$ |
3,675 |
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$ |
44,292 |
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| Intersegment revenue |
73 |
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— |
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— |
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— |
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— |
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73 |
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11,098 |
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4,086 |
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16,552 |
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8,954 |
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3,675 |
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44,365 |
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| Reconciliation of Revenue |
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Eliminations(a)
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(73) |
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| Total consolidated revenue |
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$ |
44,292 |
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| Less segment expenses: |
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| Cost of revenue, exclusive of depreciation, depletion, amortization and accretion, inclusive of related parties |
$ |
6,701 |
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$ |
5,893 |
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$ |
18,117 |
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$ |
5,951 |
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$ |
3,765 |
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| Selling, general and administrative, exclusive of stock based compensation |
4,155 |
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1,019 |
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5,131 |
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1,957 |
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944 |
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| Segment Adjusted EBITDA |
$ |
242 |
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$ |
(2,826) |
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$ |
(6,696) |
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$ |
1,046 |
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$ |
(1,034) |
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$ |
(9,268) |
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| Reconciliation of total segment Adjusted EBITDA |
| Less: |
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Other(b)
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$ |
8,163 |
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| Depreciation, depletion, amortization and accretion |
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10,292 |
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| Gains on disposal of assets, net |
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(2,371) |
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| Impairment of long-lived assets |
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31,669 |
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| Stock based compensation |
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412 |
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| Interest expense and financing charges, net |
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(1,670) |
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| Other expense, net |
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3,906 |
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| Loss from continuing operations before income taxes |
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$ |
(59,669) |
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| Year Ended December 31, 2024 |
Rentals |
Infrastructure |
Sand |
Accommodations |
Drilling |
Total |
| Revenue from external customers |
$ |
6,712 |
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$ |
1,476 |
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$ |
19,057 |
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$ |
10,851 |
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$ |
3,558 |
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$ |
41,654 |
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| Intersegment revenue |
393 |
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— |
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— |
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— |
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— |
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393 |
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7,105 |
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1,476 |
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19,057 |
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10,851 |
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3,558 |
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42,047 |
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| Reconciliation of Revenue |
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Other(b)
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3,950 |
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Eliminations(a)
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(398) |
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| Total consolidated revenue |
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$ |
45,599 |
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| Less segment expenses: |
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| Cost of revenue, exclusive of depreciation, depletion, amortization and accretion, inclusive of related parties |
4,955 |
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2,280 |
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17,791 |
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6,397 |
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4,373 |
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| Selling, general and administrative, exclusive of stock based compensation |
1,851 |
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880 |
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6,741 |
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2,361 |
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1,338 |
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| Segment Adjusted EBITDA |
$ |
299 |
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$ |
(1,684) |
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$ |
(5,475) |
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$ |
2,093 |
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$ |
(2,153) |
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$ |
(6,920) |
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| Reconciliation of total segment Adjusted EBITDA |
| Less: |
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Other(b)
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$ |
103,609 |
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| Depreciation, depletion, amortization and accretion |
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11,715 |
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| Gains on disposal of assets, net |
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(2,762) |
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| Stock based compensation |
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875 |
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| Interest expense and financing charges, net |
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9,497 |
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| Other expense (income), net |
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64,564 |
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| Loss from continuing operations before income taxes |
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$ |
(194,418) |
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(a) Includes eliminations for intersegment transactions.
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(b) Includes activity related to non-operating legacy services that are no longer active.
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Rentals |
Infrastructure |
Sand |
Accommodations |
Drilling |
Total |
| As of December 31, 2025: |
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| Total assets for reportable segments |
$ |
75,004 |
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$ |
2,598 |
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$ |
68,028 |
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$ |
14,309 |
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$ |
1,859 |
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$ |
161,798 |
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Other assets(a)
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167,900 |
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| Total consolidated assets, excluding discontinued operations |
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$ |
329,698 |
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| As of December 31, 2024: |
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| Total assets for reportable segments |
$ |
8,451 |
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$ |
1,803 |
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$ |
118,855 |
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$ |
12,811 |
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$ |
1,870 |
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$ |
143,790 |
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Other assets(a)
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130,049 |
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| Total consolidated assets, excluding discontinued operations |
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$ |
273,839 |
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(a) Includes assets related to non-operating legacy services that are no longer active as well as corporate related assets, which include cash and cash equivalents, marketable securities, restricted cash and other current assets.
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Following is a breakout of purchases of property, plant and equipment for the periods indicated (in thousands):
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Year Ended December 31, |
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2025 |
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2024 |
| Rentals |
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$ |
69,953 |
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$ |
351 |
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| Infrastructure |
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128 |
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299 |
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| Accommodations |
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343 |
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161 |
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| Drilling |
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128 |
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184 |
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| Total segment purchases of property, plant and equipment |
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70,552 |
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995 |
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Other(a)
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— |
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219 |
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| Total consolidated purchases of property, plant and equipment, excluding discontinued operations |
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$ |
70,552 |
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$ |
1,214 |
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(a) Includes purchases related to non-operating legacy services that are no longer active.
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