Reportable Segment Information - (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Reconciliation of segment information

A reconciliation from segment level financial information to the consolidated statement of operations is provided in the table below ($ in thousands):

	Three Months Ended September 30, 2019
	Pressure Pumping		All Other			Total
Service revenue	$	528,851	$	12,996		$	541,847
Adjusted EBITDA	$	134,789	$	(2,894	)	$	131,895
Depreciation and amortization	$	36,110	$	1,543		$	37,653
Goodwill at September 30, 2019	$	9,425	$	—		$	9,425
Capital expenditures	$	83,770	$	3,189		$	86,959
Total assets at September 30, 2019	$	1,399,865	$	56,178		$	1,456,043
	Three Months Ended September 30, 2018
	Pressure Pumping		All Other			Total
Service revenue	$	421,436	$	12,605		$	434,041
Adjusted EBITDA	$	105,069	$	(1,701	)	$	103,368
Depreciation and amortization	$	22,026	$	1,191		$	23,217
Goodwill at December 31, 2018	$	9,425	$	—		$	9,425
Capital expenditures	$	73,143	$	1,060		$	74,203
Total assets at December 31, 2018	$	1,230,830	$	43,692		$	1,274,522

	Nine Months Ended September 30, 2019
	Pressure Pumping		All Other			Total
Service revenue	$	1,576,781	$	40,740		$	1,617,521
Adjusted EBITDA	$	417,017	$	(8,283	)	$	408,734
Depreciation and amortization	$	101,916	$	4,336		$	106,252
Goodwill at September 30, 2019	$	9,425	$	—		$	9,425
Capital expenditures	$	322,347	$	11,978		$	334,325
Total assets at September 30, 2019	$	1,399,865	$	56,178		$	1,456,043
	Nine Months Ended September 30, 2018
	Pressure Pumping		All Other			Total
Service revenue	$	1,242,286	$	36,862		$	1,279,148
Adjusted EBITDA	$	281,951	$	(5,871	)	$	276,080
Depreciation and amortization	$	59,830	$	3,598		$	63,428
Goodwill at December 31, 2018	$	9,425	$	—		$	9,425
Capital expenditures	$	218,113	$	6,586		$	224,699
Total assets at December 31, 2018	$	1,230,830	$	43,692		$	1,274,522

Reconciliation of net income (loss) to adjusted EBITDA ($ in thousands):

	Three Months Ended September 30, 2019
	Pressure Pumping		All Other			Total
Net income (loss)	$	65,961	$	(31,564	)	$	34,397
Depreciation and amortization	36,110		1,543			37,653
Interest expense	21		1,728			1,749
Income tax expense	—		12,340			12,340
Loss on disposal of assets	30,987		166			31,153
Stock-based compensation	—		577			577
Other expense	—		75			75
Other general and administrative expense(1)	—		10,786			10,786
Retention bonus and severance expense	1,710		1,455			3,165
Adjusted EBITDA	$	134,789	$	(2,894	)	$	131,895
	Three Months Ended September 30, 2018
	Pressure Pumping		All Other			Total
Net income (loss)	$	66,493	$	(20,208	)	$	46,285
Depreciation and amortization	22,026		1,191			23,217
Interest expense	—		1,480			1,480
Income tax expense	—		13,592			13,592
Loss on disposal of assets	16,117		290			16,407
Stock-based compensation	—		1,631			1,631
Other expense	—		93			93
Deferred IPO bonus expense	433		230			663
Adjusted EBITDA	$	105,069	$	(1,701	)	$	103,368

	Nine Months Ended September 30, 2019
	Pressure Pumping		All Other			Total
Net income (loss)	$	228,285	$	(87,950	)	$	140,335
Depreciation and amortization	101,916		4,336			106,252
Interest expense	43		5,635			5,678
Income tax expense	—		44,504			44,504
Loss on disposal of assets	81,110		468			81,578
Stock-based compensation	—		5,246			5,246
Other expense	—		539			539
Other general and administrative expense (1)	—		17,326			17,326
Deferred IPO, retention bonus and severance expense	5,663		1,613			7,276
Adjusted EBITDA	$	417,017	$	(8,283	)	$	408,734
	Nine Months Ended September 30, 2018
	Pressure Pumping		All Other			Total
Net income (loss)	$	176,952	$	(54,868	)	$	122,084
Depreciation and amortization	59,830		3,598			63,428
Interest expense	—		4,973			4,973
Income tax expense	—		35,998			35,998
Loss (gain) on disposal of assets	43,768		(707		)	43,061
Stock-based compensation	—		3,832			3,832
Other expense	—		505			505
Other general and administrative expense (1)	2		18			20
Deferred IPO bonus expense	1,399		780			2,179
Adjusted EBITDA	$	281,951	$	(5,871	)	$	276,080

(1)

Other general and administrative expense primarily relates to professional fees paid to external consultants in connection with the Company's expanded audit committee review and advisory services in 2019, and legal settlement in 2018.