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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating revenues:    
Revenues $ 1,510,360 $ 791,802
Operating costs and expenses:    
Depreciation, depletion, amortization and impairment 274,956 128,180
Selling, general and administrative 64,984 30,566
Credit loss expense 5,231 0
Merger and integration expense 12,233 0
Other operating income, net (11,182) (5,566)
Total operating costs and expenses 1,423,361 665,839
Operating income 86,999 125,963
Other income (expense):    
Interest income 2,189 1,240
Interest expense, net of amount capitalized (18,335) (8,826)
Other 850 1,486
Total other expense (15,296) (6,100)
Income before income taxes 71,703 119,863
Income tax expense 19,997 20,185
Net income 51,706 99,678
Net income attributable to noncontrolling interest 471 0
Net income attributable to common stockholders $ 51,235 $ 99,678
Net income attributable to common stockholder per common share:    
Basic (in usd per share) $ 0.13 $ 0.47
Diluted (in shares) $ 0.13 $ 0.46
Weighted average number of common shares outstanding:    
Basic (in shares) 408,182 212,089
Diluted (in shares) 409,819 215,866
Cash dividends per common share (in usd per share) $ 0.08 $ 0.08
Revenues $ 1,510,360 $ 791,802
Drilling Services    
Operating revenues:    
Revenues 457,573 477,727
Operating costs and expenses:    
Operating costs and expenses 271,737 281,261
Weighted average number of common shares outstanding:    
Revenues 457,573 477,727
Completion Services    
Operating revenues:    
Revenues 944,997 293,268
Operating costs and expenses:    
Operating costs and expenses 745,594 220,116
Weighted average number of common shares outstanding:    
Revenues 944,997 293,268
Drilling Products    
Operating revenues:    
Revenues 89,973 0
Operating costs and expenses:    
Operating costs and expenses 48,630 0
Weighted average number of common shares outstanding:    
Revenues 89,973 0
Other    
Operating revenues:    
Revenues 17,817 20,807
Operating costs and expenses:    
Operating costs and expenses 11,178 11,282
Weighted average number of common shares outstanding:    
Revenues $ 17,817 $ 20,807