Quarterly report [Sections 13 or 15(d)]

Discontinued Operations (Tables)

v3.26.3
Discontinued Operations (Tables)
 9 Months Ended
Sep. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Major Components of Discontinued Operations
The following table presents the major classes of assets and liabilities of discontinued operations (in thousands):
Pressure Pumping Transaction
September 30, December 31,
2026 2025
Carrying amounts of the major classes of assets included in discontinued operations:
Cash and cash equivalents $ 30  $ 50 
Accounts receivable, net 1,003  1,036 
Inventories 264  264 
Other current assets —  168 
Total current assets of discontinued operations 1,297  1,518 
Property, plant and equipment, net 6  3,678 
Total noncurrent assets of discontinued operations 6  3,678 
Total assets of discontinued operations $ 1,303  $ 5,196 
Carrying amounts of the major classes of liabilities included in discontinued operations:
Accounts payable $ 4  $ 41 
Accrued expenses and other current liabilities 181  342 
Total current liabilities of discontinued operations 185  383 
Total liabilities of discontinued operations $ 185  $ 383 
The following tables present the major components from discontinued operations in the Company’s unaudited condensed consolidated statements of operations and comprehensive income (loss) (in thousands):
T&D Transaction Pressure Pumping Transaction Engineering Transaction
Three Months Ended September 30, Three Months Ended September 30, Three Months Ended September 30,
2026 2025 2026 2025 2026 2025
Services revenue $ —  $ —  $ —  $ 207  $ —  $ 3,949 
COST, EXPENSES AND GAINS
Cost of revenue —  519  57  2,286  —  3,135 
Selling, general and administrative 38  53  16  310  —  411 
Depreciation and amortization —  —  —  34  —  5 
Gains on disposal of assets, net —  —  —  (851) —  — 
Total cost, expenses and gains, net 38  572  73  1,779  —  3,551 
Operating (loss) income (38) (572) (73) (1,572) —  398 
OTHER (INCOME) EXPENSE
Interest expense (income), net —  —  —  44  —  (193)
Other expense, net 57  —  —  1  —  1 
Total other expense (income), net 57  —  —  45  —  (192)
(Loss) income before income taxes (95) (572) (73) (1,617) —  590 
Benefit for income taxes —  (1,632) —  —  —  — 
Net (loss) income from discontinued operations, net of income taxes $ (95) $ 1,060  $ (73) $ (1,617) $ —  $ 590 
T&D Transaction Pressure Pumping Transaction Engineering Transaction
Nine Months Ended September 30, Nine Months Ended September 30, Nine Months Ended September 30,
2026 2025 2026 2025 2026 2025
Services revenue $ —  $ 29,553  $ —  $ 41,916  $ —  $ 11,967 
COST, EXPENSES AND GAINS
Cost of revenue (14) 25,897  (242) 41,793  —  9,010 
Selling, general and administrative 115  1,899  87  1,552  —  1,169 
Depreciation and amortization —  957  3  5,738  —  18 
Gains on disposal of assets, net —  (20) (855) (1,488) —  — 
Impairment of goodwill —  —  —  9,214  —  — 
Total cost, expenses and gains, net 101  28,733  (1,007) 56,809  —  10,197 
Operating (loss) income (101) 820  1,007  (14,893) —  1,770 
OTHER (INCOME) EXPENSE
Interest expense (income), net —  59  50  (420) —  (322)
Other (income) expense, net 57  (122) 2  4  —  — 
(Gain) loss on divestiture —  (83,747) —  24,974  27  — 
Total other expense (income), net 57  (83,810) 52  24,558  27  (322)
(Loss) income before income taxes (158) 84,630  955  (39,451) (27) 2,092 
Provision (benefit) for income taxes —  1,418  —  (1,262) —  1 
Net (loss) income from discontinued operations, net of income taxes $ (158) $ 83,212  $ 955  $ (38,189) $ (27) $ 2,091