v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue    
Total revenue $ 159.1 $ 135.2
Cost of services (exclusive of depreciation and amortization):    
Total cost of services (exclusive of depreciation and amortization) 130.6 115.4
General and administrative 7.8 7.1
Depreciation and amortization 16.2 10.6
Impairment of assets 0.0 0.4
(Gain) loss on sale of assets (0.6) 0.7
Total operating expenses 154.0 134.2
Operating income 5.1 1.0
Other expenses    
Interest expense, net 0.8 0.5
Other expenses, net 0.3 0.0
Total other expenses, net 1.1 0.5
Income before income tax expense (benefit) 4.0 0.5
Income tax expense (benefit) 1.0 (0.1)
Net income $ 3.0 $ 0.6
Income per common share    
Basic (in dollars per share) $ 0.13 $ 0.03
Diluted (in dollars per share) $ 0.12 $ 0.03
Weighted average common shares outstanding    
Basic (in shares) 23,604,415 22,308,855
Diluted (in shares) 24,037,021 23,111,467
High Specification Rigs    
Revenue    
Total revenue $ 106.2 $ 87.5
Cost of services (exclusive of depreciation and amortization):    
Total cost of services (exclusive of depreciation and amortization) 85.4 70.1
Wireline Services    
Revenue    
Total revenue 10.6 17.2
Cost of services (exclusive of depreciation and amortization):    
Total cost of services (exclusive of depreciation and amortization) 10.7 20.3
Processing Solutions and Ancillary Services    
Revenue    
Total revenue 42.3 30.5
Cost of services (exclusive of depreciation and amortization):    
Total cost of services (exclusive of depreciation and amortization) $ 34.5 $ 25.0