Quarterly report [Sections 13 or 15(d)]

Reportable Segments (Tables)

v3.26.3
Reportable Segments (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting The following tables set forth certain financial information with respect to the Company’s reportable segments (in thousands):
Three Months Ended September 30, 2026 Rentals Infrastructure Sand Accommodations Drilling Total
Revenue from external and related party customers $ 9,625  $ 1,120  $ 5,154  $ 3,390  $ 2,057  $ 21,346 
Intersegment revenue 21  —  —  —  —  21 
9,646  1,120  5,154  3,390  2,057  21,367 
Reconciliation of Revenue
Other(b)
48 
Eliminations(a)
(69)
Total consolidated revenue $ 21,346 
Less segment expenses:
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion, inclusive of related parties 2,652  1,735  2,980  2,043  1,880 
Selling, general and administrative, exclusive of stock based compensation 2,027  322  647  278  205 
Segment Adjusted EBITDA $ 4,967  $ (937) $ 1,527  $ 1,069  $ (28) $ 6,598 
Reconciliation of total segment Adjusted EBITDA
Less:
Other(b)
$ 774 
Depreciation, depletion, amortization and accretion 6,557 
Gains on disposal of assets, net (312)
Interest income, net (211)
Gain on marketable securities, net (1,173)
Other expense, net 533 
Income from continuing operations before income taxes $ 430 
Three Months Ended September 30, 2025 Rentals Infrastructure Sand Accommodations Drilling Total
Revenue from external and related party customers $ 2,750  $ 812  $ 2,728  $ 2,280  $ 2,282  $ 10,852 
Intersegment revenue 16  —  —  —  —  16 
2,766  812  2,728  2,280  2,282  10,868 
Reconciliation of Revenue
Eliminations(a)
(16)
Total consolidated revenue $ 10,852 
Less segment expenses:
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion, inclusive of related parties $ 1,691  $ 1,579  $ 4,148  $ 1,436  $ 1,840 
Selling, general and administrative, exclusive of stock based compensation 997  294  1,157  483  308 
Segment Adjusted EBITDA $ 78  $ (1,061) $ (2,577) $ 361  $ 134  $ (3,065)
Reconciliation of total segment Adjusted EBITDA
Less:
Other(b)
$ 1,717 
Depreciation, depletion, amortization and accretion 2,751 
Loss on disposal of assets, net 1,874 
Interest income, net (729)
Gain on marketable securities, net (73)
Other expense, net 1,903 
Loss from continuing operations before income taxes $ (10,508)
Nine Months Ended September 30, 2026 Rentals Infrastructure Sand Accommodations Drilling Total
Revenue from external and related party customers $ 32,673  $ 2,328  $ 16,993  $ 10,134  $ 7,302  $ 69,430 
Intersegment revenue 161  —  —  —  —  161 
32,834  2,328  16,993  10,134  7,302  69,591 
Reconciliation of Revenue
Other(b)
144 
Eliminations(a)
(305)
Total consolidated revenue $ 69,430 
Less segment expenses:
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion, inclusive of related parties $ 15,435  $ 3,786  $ 15,146  $ 6,299  $ 6,044 
Selling, general and administrative, exclusive of stock based compensation 5,070  797  2,185  898  687 
Segment Adjusted EBITDA $ 12,329  $ (2,255) $ (338) $ 2,937  $ 571  $ 13,244 
Reconciliation of total segment Adjusted EBITDA
Less:
Other(b)
$ 2,872 
Depreciation, depletion, amortization and accretion 14,661 
Gains on disposal of assets, net (5,628)
Equity based compensation 544 
Interest expense, net 59 
Gain on marketable securities, net (7,161)
Other expense, net 670 
Income from continuing operations before income taxes $ 7,227 
Nine Months Ended September 30, 2025 Rentals Infrastructure Sand Accommodations Drilling Total
Revenue from external and related party customers $ 7,744  $ 2,914  $ 14,843  $ 6,127  $ 3,207  $ 34,835 
Intersegment revenue 54  —  —  —  —  54 
7,798  2,914  14,843  6,127  3,207  34,889 
Reconciliation of Revenue
Eliminations(a)
(54)
Total consolidated revenue $ 34,835 
Less segment expenses:
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion, inclusive of related parties $ 4,675  $ 3,807  $ 14,886  $ 4,110  $ 2,994 
Selling, general and administrative, exclusive of stock based compensation 2,485  616  3,973  1,280  727 
Segment Adjusted EBITDA $ 638  $ (1,509) $ (4,016) $ 737  $ (514) $ (4,664)
Reconciliation of total segment Adjusted EBITDA
Less:
Other(b)
$ 5,965 
Depreciation, depletion, amortization and accretion 7,661 
Gains on disposal of assets, net (2,675)
Impairment of other long-lived assets 31,669 
Stock based compensation 412 
Interest income, net (1,112)
Gain on marketable securities, net (73)
Other expense, net 2,863 
Loss from continuing operations before income taxes $ (49,374)
(a) Includes eliminations for intersegment transactions.
(b) Includes activity related to non-operating legacy services that are no longer active.

Rentals Infrastructure Sand Accommodations Drilling Total
As of September 30, 2026:
Total assets for reportable segments $ 164,205  $ 12,808  $ 70,307  $ 13,569  $ 3,075  $ 263,964 
Other assets(a)
76,356 
Total consolidated assets, excluding discontinued operations $ 340,320 
As of December 31, 2025:
Total assets for reportable segments $ 75,004  $ 2,598  $ 68,028  $ 14,309  $ 1,859  $ 161,798 
Other assets(a)
167,900 
Total consolidated assets, excluding discontinued operations $ 329,698 
(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.