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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating revenues:        
Revenues $ 1,348,194 $ 758,885 $ 2,858,554 $ 1,550,687
Operating costs and expenses:        
Depreciation, depletion, amortization and impairment 267,638 126,814 542,594 254,994
Selling, general and administrative 64,578 33,257 129,562 63,823
Credit loss expense (273) 0 4,958 0
Merger and integration expense 10,645 7,940 22,878 7,940
Other operating income, net (10,786) (1,793) (21,968) (7,359)
Total operating costs and expenses 1,302,966 654,303 2,726,327 1,320,142
Operating income 45,228 104,582 132,227 230,545
Other income (expense):        
Interest income 1,867 1,212 4,056 2,452
Interest expense, net of amount capitalized (17,913) (9,738) (36,248) (18,564)
Other income 224 2,323 1,074 3,809
Total other expense (15,822) (6,203) (31,118) (12,303)
Income before income taxes 29,406 98,379 101,109 218,242
Income tax expense 17,785 13,765 37,782 33,950
Net income 11,621 84,614 63,327 184,292
Net income attributable to noncontrolling interest 544 0 1,015 0
Net income attributable to common stockholders $ 11,077 $ 84,614 $ 62,312 $ 184,292
Net income attributable to common stockholder per common share:        
Basic (in usd per share) $ 0.03 $ 0.41 $ 0.15 $ 0.88
Diluted (in usd per share) $ 0.03 $ 0.40 $ 0.15 $ 0.87
Weighted average number of common shares outstanding:        
Basic (in shares) 399,558 207,839 403,870 209,952
Diluted (in shares) 399,558 208,984 403,870 211,188
Cash dividends per common share (in usd per share) $ 0.08 $ 0.08 $ 0.16 $ 0.16
Drilling Services        
Operating revenues:        
Revenues $ 440,289 $ 489,659 $ 897,862 $ 967,386
Operating costs and expenses:        
Operating costs and expenses 261,497 281,573 533,234 562,834
Completion Services        
Operating revenues:        
Revenues 805,373 250,241 1,750,370 543,509
Operating costs and expenses:        
Operating costs and expenses 653,240 196,473 1,398,834 416,589
Drilling Products        
Operating revenues:        
Revenues 86,054 0 176,027 0
Operating costs and expenses:        
Operating costs and expenses 46,147 0 94,777 0
Other        
Operating revenues:        
Revenues 16,478 18,985 34,295 39,792
Operating costs and expenses:        
Operating costs and expenses $ 10,280 $ 10,039 $ 21,458 $ 21,321