2023 Q4 Form 10-Q Financial Statement

#000168024723000077 Filed on November 02, 2023

View on sec.gov

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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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

Files In Submission

Name View Source Status
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a09302023exhibit311.htm Edgar Link pending
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a09302023exhibit321.htm Edgar Link pending
a09302023exhibit322.htm Edgar Link pending
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pump-20230930_pre.xml Edgar Link unprocessable
pump-20230930_htm.xml Edgar Link completed
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pump-20230930_lab.xml Edgar Link unprocessable
pump-20230930_cal.xml Edgar Link unprocessable