Subsequent Events |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events Subsequent to March 31, 2026, the Company entered into two operating leases for rail cars. These agreements provide for aggregate fixed lease payments totaling $2.1 million with lease terms of two years.
Subsequent to March 31, 2026, the Company committed to purchase $0.1 million and $0.4 million of capital expenditures for the Sand and Drilling segments, respectively. Additionally, the Company committed to purchase capital expenditures of $0.3 million and $9.5 million for the Infrastructure and Rentals segments, respectively.
Subsequent to March 31, 2026, the Company entered into multiple purchase agreements, including (i) a purchase agreement to purchase one aircraft engine for $5.9 million, (ii) a commercial collaboration agreement that included the purchase of two aircraft engines for $8.3 million, and (iii) an aircraft purchase agreement for $12.5 million. The airframe and landing gear for the aircraft was subsequently sold for $1.5 million and the net result of both transactions was the acquisition of three aircraft engines. In addition, the Company incurred capital expenditures across its segments, including $0.7 million in Sand, $0.4 million in Drilling, $0.4 million in Infrastructure, $7.3 million in Rentals, and $0.1 million in Accommodations.
Subsequent to March 31, 2026, the Company sold certain equipment related to non‑operating legacy services that are no longer active for gross proceeds of approximately $0.7 million. On May 8, 2026, the Company entered into an agreement with Fifth Third Bank, which reduced the maximum availability from $50.0 million to $25.0 million. Pursuant to the agreement, the Company may, without obtaining lender consent, repurchase shares of its common stock.
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