Quarterly report pursuant to Section 13 or 15(d)

Reporting Segments (Tables)

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Reporting Segments (Tables)
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
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):
Three Months Ended March 31, 2024 Well Completion Infrastructure Sand Drilling All Other Eliminations Total
Revenue from external customers $ 8,159  $ 25,038  $ 4,307  $ 511  $ 5,174  $ —  $ 43,189 
Intersegment revenues 114  —  —  —  1,005  (1,119) — 
Total revenue 8,273  25,038  4,307  511  6,179  (1,119) 43,189 
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion 8,338  21,533  5,840  1,050  3,823  —  40,584 
Intersegment cost of revenues 218  25  —  2  874  (1,119) — 
Total cost of revenue 8,556  21,558  5,840  1,052  4,697  (1,119) 40,584 
Selling, general and administrative 1,073  5,617  1,031  212  849  —  8,782 
Depreciation, depletion, amortization and accretion 3,264  718  1,146  874  1,019  —  7,021 
Losses (gains) on disposal of assets, net 250  (483) —  2  (935) —  (1,166)
Operating (loss) income (4,870) (2,372) (3,710) (1,629) 549  —  (12,032)
Interest expense and financing charges, net 569  7,099  142  128  199  —  8,137 
Other (income) expense, net —  (10,258) (1) —  116  —  (10,143)
(Loss) income before income taxes $ (5,439) $ 787  $ (3,851) $ (1,757) $ 234  $ —  $ (10,026)
Three Months Ended March 31, 2023 Well Completion Infrastructure Sand Drilling All Other Eliminations Total
Revenue from external customers $ 67,179  $ 28,280  $ 12,442  $ 1,355  $ 7,064  $ —  $ 116,320 
Intersegment revenues 121  —  25  —  450  (596) — 
Total revenue 67,300  28,280  12,467  1,355  7,514  (596) 116,320 
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion 52,037  22,476  7,860  1,466  5,154  —  88,993 
Intersegment cost of revenues 478  11  —  14  93  (596) — 
Total cost of revenue 52,515  22,487  7,860  1,480  5,247  (596) 88,993 
Selling, general and administrative 2,492  4,211  503  146  1,031  —  8,383 
Depreciation, depletion, amortization and accretion 4,817  3,374  1,187  1,229  2,349  —  12,956 
Gains on disposal of assets, net —  (127) (16) —  (218) —  (361)
Operating income (loss) 7,476  (1,665) 2,933  (1,500) (895) —  6,349 
Interest expense and financing charges, net 929  1,845  156  126  233  —  3,289 
Other (income) expense, net —  (8,808) (2) —  186  —  (8,624)
Income (loss) before income taxes $ 6,547  $ 5,298  $ 2,779  $ (1,626) $ (1,314) $ —  $ 11,684 
Well Completion Infrastructure Sand Drilling All Other Eliminations Total
As of March 31, 2024:
Total assets $ 49,068  $ 408,603  $ 119,196  $ 12,702  $ 65,943  $ (27,442) $ 628,070 
As of December 31, 2023:
Total assets $ 50,965  $ 462,429  $ 121,162  $ 13,492  $ 69,005  $ (18,574) $ 698,479