2023 Q4 Form 10-Q Financial Statement
#000168024723000077 Filed on November 02, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 |
---|---|---|
Revenue | $347.8M | $423.8M |
YoY Change | -0.33% | 27.26% |
Cost Of Revenue | $261.0M | $292.5M |
YoY Change | 7.59% | 30.51% |
Gross Profit | $86.74M | $131.3M |
YoY Change | -18.4% | 20.57% |
Gross Profit Margin | 24.94% | 30.98% |
Selling, General & Admin | $27.99M | $28.60M |
YoY Change | 4.72% | 1.45% |
% of Gross Profit | 32.27% | 21.78% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $23.43M | $8.400M |
YoY Change | -31.84% | -72.38% |
% of Gross Profit | 27.01% | 6.4% |
Operating Expenses | $51.42M | $82.30M |
YoY Change | -15.85% | 40.43% |
Operating Profit | $35.32M | $44.68M |
YoY Change | -21.86% | 227.28% |
Interest Expense | -$2.692M | $1.169M |
YoY Change | 376.46% | 393.25% |
% of Operating Profit | -7.62% | 2.62% |
Other Income/Expense, Net | -$7.384M | $714.0K |
YoY Change | -502.84% | -183.7% |
Pretax Income | -$18.36M | $45.40M |
YoY Change | -193.85% | 254.66% |
Income Tax | -$1.250M | $10.64M |
% Of Pretax Income | 23.45% | |
Net Earnings | -$17.11M | $34.75M |
YoY Change | -231.18% | 246.42% |
Net Earnings / Revenue | -4.92% | 8.2% |
Basic Earnings Per Share | $0.31 | |
Diluted Earnings Per Share | -$0.16 | $0.31 |
COMMON SHARES | ||
Basic Shares Outstanding | 110.2M shares | 112.8M shares |
Diluted Shares Outstanding | 112.7M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $41.10M | $62.50M |
YoY Change | -58.55% | 20.86% |
Cash & Equivalents | $33.35M | $54.33M |
Short-Term Investments | $7.745M | $8.200M |
Other Short-Term Assets | $353.0K | $2.109M |
YoY Change | 828.95% | -92.98% |
Inventory | $17.71M | $15.89M |
Prepaid Expenses | $14.64M | $8.753M |
Receivables | $237.0M | $260.8M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $310.8M | $350.0M |
YoY Change | -5.47% | 16.57% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $967.1M | $991.6M |
YoY Change | 4.81% | 17.83% |
Goodwill | $23.62M | $23.60M |
YoY Change | 0.0% | |
Intangibles | $50.62M | $52.05M |
YoY Change | -10.17% | |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $2.116M | $2.244M |
YoY Change | 84.0% | 79.23% |
Total Long-Term Assets | $1.170B | $1.122B |
YoY Change | 16.14% | 33.06% |
TOTAL ASSETS | ||
Total Short-Term Assets | $310.8M | $350.0M |
Total Long-Term Assets | $1.170B | $1.122B |
Total Assets | $1.480B | $1.472B |
YoY Change | 10.82% | 28.74% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $161.4M | $194.6M |
YoY Change | -31.1% | 3.84% |
Accrued Expenses | $75.62M | $65.31M |
YoY Change | 54.23% | -0.97% |
Deferred Revenue | $19.20M | $20.50M |
YoY Change | 92.0% | |
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $17.06M | $8.500M |
YoY Change | ||
Total Short-Term Liabilities | $271.1M | $273.8M |
YoY Change | -4.59% | 7.88% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $45.00M | $45.00M |
YoY Change | 50.0% | |
Other Long-Term Liabilities | $3.180M | $14.20M |
YoY Change | 37.78% | 11351.61% |
Total Long-Term Liabilities | $48.18M | $45.00M |
YoY Change | 60.6% | 36190.32% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $271.1M | $273.8M |
Total Long-Term Liabilities | $48.18M | $45.00M |
Total Liabilities | $481.9M | $444.9M |
YoY Change | 26.24% | 42.11% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $69.03M | $86.14M |
YoY Change | -515.87% | -390.62% |
Common Stock | $109.0K | $941.2M |
YoY Change | -4.39% | 9.42% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $998.4M | $1.027B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $1.480B | $1.472B |
YoY Change | 10.82% | 28.74% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$17.11M | $34.75M |
YoY Change | -231.18% | 246.42% |
Depreciation, Depletion And Amortization | $23.43M | $8.400M |
YoY Change | -31.84% | -72.38% |
Cash From Operating Activities | $69.67M | $118.1M |
YoY Change | -44.48% | 64.85% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $50.12M | $96.90M |
YoY Change | -30.88% | -194.4% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$21.23M | $6.000M |
YoY Change | -43.03% | 40.98% |
Cash From Investing Activities | -$71.36M | -$91.10M |
YoY Change | -35.01% | -7.41% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -19.29M | -34.80M |
YoY Change | -164.38% | -21190.91% |
NET CHANGE | ||
Cash From Operating Activities | 69.67M | 118.1M |
Cash From Investing Activities | -71.36M | -91.10M |
Cash From Financing Activities | -19.29M | -34.80M |
Net Change In Cash | -20.98M | -7.800M |
YoY Change | -145.95% | -70.66% |
FREE CASH FLOW | ||
Cash From Operating Activities | $69.67M | $118.1M |
Capital Expenditures | $50.12M | $96.90M |
Free Cash Flow | $19.55M | $21.20M |
YoY Change | -63.09% | -87.84% |
Facts In Submission
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43983000 | usd | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
358000 | usd | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
305071000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
174951000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
320747000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
247164000 | usd | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
7976000 | usd | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
7207000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-312771000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-239957000 | usd | |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
30000000 | usd | |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
0 | usd | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
15000000 | usd | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
0 | usd | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
889000 | usd | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
0 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
1179000 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
824000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
963000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
3506000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
3843000 | usd | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
36258000 | usd | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-26832000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-3704000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-34532000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-68710000 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
88862000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
111918000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
54330000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
43208000 | usd |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
33189000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
65587000 | usd | |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
54330000 | usd |
CY2022Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
43208000 | usd |
CY2023Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
0 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
54330000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
43208000 | usd |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segment | |
CY2023Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
0 | usd |
CY2022Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
10000000 | usd |
CY2023Q3 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
20500000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
10000000 | usd |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
4200000 | usd | |
CY2023Q3 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
78600000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
51900000 | usd |
CY2023Q3 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
40900000 | usd |
CY2023Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
200000 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
419000 | usd |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
0 | usd | |
CY2023Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
202000 | usd |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
Reclassification of Prior Period PresentationCertain reclassifications have been made to prior period amounts to conform to the current period presentation. These reclassifications had no effect on our balance sheet, operating and net income (loss) or cash flows from operating, investing and financing activities. | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Change in Accounting Estimates</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Current trends in hydraulic fracturing equipment operating conditions such as larger pads, changes to job design and increased pumping hours per day have resulted in shorter useful lives for certain critical components that are included in our property and equipment assets. These recent trends necessitated a review of useful lives of our critical components like fluid ends, power ends, hydraulic fracturing units and other components in the first quarter of 2023. We determined that the estimated useful life of fluid ends is now less than one year, resulting in our determination that costs associated with the replacement of these components will no longer be capitalized, but instead recorded in inventories and amortized to cost of services over their estimated useful life. We have also shortened the estimated useful lives of power ends to two years from five years and hydraulic fracturing units to ten years from fifteen years. This change in accounting estimates was made effective January 1, 2023 and accounted for prospectively. The net effect of this change for the three and nine months ended September 30, 2023 was a $2.8 million and $10.0 million decrease in net income, or $0.02 and $0.09 per basic and diluted share, respectively. </span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additionally, in connection with the review of our power ends estimated useful life, effective January 1, 2023, we are accelerating the depreciation of the remaining book value of power ends that prematurely fail. In 2022, we wrote off the remaining book value of prematurely failed and disposed of power ends to loss on disposal of assets. The amounts included in depreciation in connection with premature failure of power ends during the three and nine months ended September 30, 2023 were $8.4 million and $32.7 million, respectively. Furthermore, to conform to current period presentation, we have reclassified the amounts relating to premature failure of power ends previously included in loss on disposal of assets to depreciation expense for prior periods. The amounts reclassified were $11.2 million and $26.8 million, which relate to the three and nine months ended September 30, 2022, respectively.</span></div> | ||
CY2023Q3 | us-gaap |
Depreciation
Depreciation
|
8400000 | usd |
us-gaap |
Depreciation
Depreciation
|
32700000 | usd | |
CY2023Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
53769000 | usd |
CY2023Q3 | us-gaap |
Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
|
8200000 | usd |
CY2023Q3 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
1800000 | usd |
us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
-2100000 | usd | |
CY2023Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-200000 | usd |
us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-100000 | usd | |
CY2023Q3 | pump |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Restricted From Selling Transferring Or Assigning Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesRestrictedFromSellingTransferringOrAssigningMaximum
|
900000 | shares |
us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
0 | usd | |
us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
57500000 | usd | |
CY2023Q3 | us-gaap |
Goodwill
Goodwill
|
23600000 | usd |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
23600000 | usd |
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
0 | usd | |
CY2023Q3 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
0 | usd |
CY2022Q3 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
0 | usd |
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
0 | usd | |
us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | usd | |
CY2023Q3 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | usd |
CY2022Q3 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | usd |
us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | usd | |
CY2023Q3 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P10Y | |
CY2023Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1400000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
4200000 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
0 | usd | |
CY2022Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
0 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
57300000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
57300000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
5253000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
955000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
52047000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
56345000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
|
P9Y1M6D | |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
1432000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
5730000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
5730000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
5730000 | usd |
CY2023Q3 | pump |
Finite Lived Intangible Asset Expected Amortization Year Four And After
FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndAfter
|
33425000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
52047000 | usd |
CY2023Q2 | pump |
Line Of Credit Facility Borrowing Base Accounts Receivable Eligible Unbilled Percentage
LineOfCreditFacilityBorrowingBaseAccountsReceivableEligibleUnbilledPercentage
|
0.80 | |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
3 | segment | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segment | |
CY2023Q3 | us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
25400000 | usd |
us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
77700000 | usd | |
CY2022Q3 | us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
20400000 | usd |
us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
45400000 | usd | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
34753000 | usd |
CY2023Q3 | us-gaap |
Interest Expense
InterestExpense
|
1169000 | usd |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
10644000 | usd |
CY2023Q3 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-4265000 | usd |
CY2023Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3310000 | usd |
CY2023Q3 | pump |
Other Nonoperating Expense Income
OtherNonoperatingExpenseIncome
|
-1883000 | usd |
CY2023Q3 | pump |
Other General And Administrative Expense Reimbursement
OtherGeneralAndAdministrativeExpenseReimbursement
|
450000 | usd |
CY2023Q3 | us-gaap |
Severance Costs1
SeveranceCosts1
|
1237000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
10032000 | usd |
CY2022Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
41600000 | usd |
CY2022Q3 | us-gaap |
Interest Expense
InterestExpense
|
237000 | usd |
CY2022Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2768000 | usd |
CY2022Q3 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-25453000 | usd |
CY2022Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3306000 | usd |
CY2022Q3 | pump |
Other Nonoperating Expense Income
OtherNonoperatingExpenseIncome
|
616000 | usd |
CY2022Q3 | pump |
Other General And Administrative Expense Reimbursement
OtherGeneralAndAdministrativeExpenseReimbursement
|
4920000 | usd |
CY2022Q3 | us-gaap |
Severance Costs1
SeveranceCosts1
|
1068000 | usd |
CY2022Q3 | pump |
Earnings Before Income Taxes Depreciationand Amortization Adjusted For One Time And Nonrecurring Charges
EarningsBeforeIncomeTaxesDepreciationandAmortizationAdjustedForOneTimeAndNonrecurringCharges
|
90000000 | usd |
CY2023Q3 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
1800000 | usd |
us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
-2100000 | usd | |
CY2023Q3 | us-gaap |
Insurance Recoveries
InsuranceRecoveries
|
100000 | usd |
us-gaap |
Insurance Recoveries
InsuranceRecoveries
|
400000 | usd | |
CY2022Q3 | us-gaap |
Insurance Recoveries
InsuranceRecoveries
|
3400000 | usd |
us-gaap |
Insurance Recoveries
InsuranceRecoveries
|
6900000 | usd | |
CY2022Q3 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
-3300000 | usd |
CY2022Q3 | pump |
Gain Loss From Settlement
GainLossFromSettlement
|
2700000 | usd |
us-gaap |
Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
|
10700000 | usd | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
34753000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
10032000 | usd |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
112286000 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
104372000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
112698000 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
105070000 | shares |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.31 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.10 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.31 | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.10 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
102743000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-11012000 | usd | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
113960000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
104100000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
114294000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
104100000 | shares | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.90 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.11 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.90 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.11 | ||
CY2023Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
648000 | shares |
CY2022Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1103000 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
931000 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3435000 | shares | |
CY2023Q2 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
100000000 | usd |
CY2023Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q3 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
18800000 | usd |
CY2023Q3 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
9.93 | |
CY2023Q3 | pump |
Stock Repurchase Excise Tax
StockRepurchaseExciseTax
|
300000 | usd |
CY2023Q3 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
63700000 | usd |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
0 | usd | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P3Y4M24D | ||
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
488000 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
14.00 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0 | ||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
0 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
0 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
302000 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
14.00 | ||
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
186000 | shares |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
14.00 | |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
186000 | shares |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
14.00 | |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
400000 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
1200000 | usd | |
CY2023Q3 | pump |
Number Of Fleets Not Yet Commenced
NumberOfFleetsNotYetCommenced
|
3 | fleet |
pump |
Number Of Real Estate Leases
NumberOfRealEstateLeases
|
2 | lease | |
CY2023Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
29500000 | usd |
CY2023Q3 | pump |
Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
|
3100000 | usd |
CY2022Q4 | pump |
Operating Lease Right Of Use Asset Before Accumulated Amortization
OperatingLeaseRightOfUseAssetBeforeAccumulatedAmortization
|
4600000 | usd |
CY2022Q4 | pump |
Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
|
1500000 | usd |
CY2023Q3 | us-gaap |
Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
|
27200000 | usd |
CY2023Q3 | us-gaap |
Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
|
1000000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
|
0 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
1626000 | usd |
CY2023Q3 | us-gaap |
Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
|
2513000 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
6596000 | usd |
CY2023Q3 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
10052000 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
6518000 | usd |
CY2023Q3 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
10052000 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
5146000 | usd |
CY2023Q3 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
6470000 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
1225000 | usd |
CY2023Q3 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
0 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
821000 | usd |
CY2023Q3 | us-gaap |
Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
|
0 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
21932000 | usd |
CY2023Q3 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
29087000 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
2284000 | usd |
CY2023Q3 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
2732000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
19648000 | usd |
CY2023Q3 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
26355000 | usd |
pump |
Payments Included In Measurement Of Operating Lease Liabilities
PaymentsIncludedInMeasurementOfOperatingLeaseLiabilities
|
1400000 | usd | |
pump |
Payments Included In Measurement Of Finance Lease Liabilities
PaymentsIncludedInMeasurementOfFinanceLeaseLiabilities
|
900000 | usd | |
pump |
Payments Included In Measurement Of Operating Lease Liabilities
PaymentsIncludedInMeasurementOfOperatingLeaseLiabilities
|
500000 | usd | |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
1900000 | usd | |
us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
1000000 | usd | |
us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
200000 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
0 | usd | |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
5000 | usd | |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
0 | usd | |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
600000 | usd | |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
600000 | usd | |
CY2023Q3 | us-gaap |
Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
|
22400000 | usd |
pump |
Loss Contingency Self Insurance Maximum Amount
LossContingencySelfInsuranceMaximumAmount
|
10000000 | usd | |
CY2023Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2023Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2023Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2023Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |