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BUSINESS SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2022
BUSINESS SEGMENT INFORMATION  
Schedule of operating segment revenues by major service lines

Three months ended

Nine months ended

September 30, 

September 30, 

(in thousands)

    

2022

    

2021

    

2022

    

2021

Technical Services:

  

  

  

  

Pressure Pumping

$

257,933

$

96,322

$

572,472

$

243,401

Downhole Tools

 

102,831

 

61,979

273,828

 

177,209

Coiled Tubing

 

37,407

 

26,733

100,572

 

61,900

Nitrogen

 

10,335

 

8,996

28,727

 

28,195

Snubbing

 

7,100

 

3,748

20,337

 

10,685

All other

 

20,169

 

14,064

62,291

 

39,212

Total Technical Services

$

435,775

$

211,842

$

1,058,227

$

560,602

Support Services:

 

  

 

  

 

  

 

  

Rental Tools

$

17,880

$

8,545

$

45,257

$

23,126

All other

 

5,946

 

4,923

 

16,248

 

12,949

Total Support Services

$

23,826

$

13,468

$

61,505

$

36,075

Total revenues

$

459,601

$

225,310

$

1,119,732

$

596,677

Schedule of revenue by geographical location

    

Three months ended

    

Nine months ended

September 30, 

September 30, 

(in thousands)

    

2022

    

2021

    

2022

    

2021

United States revenues

$

450,359

$

217,711

$

1,094,528

$

572,170

International revenues

 

9,242

 

7,599

25,204

 

24,507

Total revenues

$

459,601

$

225,310

$

1,119,732

$

596,677

Schedule of segment reporting information by segment

Three months ended

Nine months ended

September 30, 

September 30, 

(in thousands)

    

2022

    

2021

    

2022

    

2021

Revenues:

 

  

 

  

 

  

 

  

Technical Services

$

435,775

$

211,842

$

1,058,227

$

560,602

Support Services

 

23,826

 

13,468

 

61,505

 

36,075

Total revenues

$

459,601

$

225,310

$

1,119,732

$

596,677

Operating income (loss):

 

 

 

 

Technical Services

$

89,455

$

8,272

$

171,093

$

3,938

Support Services

 

5,278

 

(55)

 

11,392

 

(5,353)

Corporate expenses

 

(4,106)

 

(3,080)

 

(13,160)

 

(9,760)

Gain on disposition of assets, net

 

1,543

 

2,837

 

6,295

 

7,408

Total operating income (loss)

$

92,170

$

7,974

$

175,620

$

(3,767)

Interest expense

 

(143)

 

(1,280)

 

(543)

 

(1,763)

Interest income

 

329

 

15

 

472

 

47

Other (expense) income, net

 

(67)

 

448

 

516

 

1,571

Income (loss) before income taxes

$

92,289

$

7,157

$

176,065

$

(3,912)

As of and for the nine months ended

Technical

Support

September 30, 2022

    

Services

    

Services

    

Corporate

    

Total

(in thousands)

 

  

 

  

 

  

 

  

Depreciation and amortization

$

53,002

$

7,346

$

153

$

60,501

Capital expenditures

 

79,828

 

9,558

 

841

 

90,227

Identifiable assets

836,310

79,546

139,727

1,055,583

As of and for the nine months ended

Technical

Support

September 30, 2021

    

Services

    

Services

    

Corporate

    

Total

(in thousands)

Depreciation and amortization

$

46,341

$

7,232

$

202

$

53,775

Capital expenditures

 

38,794

 

5,436

 

695

 

44,925

Identifiable assets

556,385

74,135

196,120

826,640