Quarterly report [Sections 13 or 15(d)]

Inventories

v3.26.1
Inventories
6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories consist of raw sand, processed sand and parts available for sale and supplies used in performing services, as well as aviation equipment being repaired for their intended use. Inventory is stated at the lower of cost or net realizable value on an average cost basis. The Company assesses the valuation of its inventories based upon specific usage, future utility, obsolescence and other factors. A summary of the Company’s inventories is shown below (in thousands):

June 30, December 31,
2026 2025
Supplies $ 1,365  $ 1,913 
Work in process 9,543  1,482 
Finished goods 135  688 
Total inventories $ 11,043  $ 4,083