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Operating Income by Segment
Shows profit contribution and margins for each business line, highlighting which segments drive cash flow, where efficiencies or losses lie, and how segment performance affects overall profitability and valuation.A massive, one‑time impairment in late‑2024 (Completion Services) dramatically skews the series; strip that out and both Drilling and Completions show a recovery into 2026 driven by pricing and higher‑spec demand. Drilling Services’ operating margins softened sequentially in mid‑2026 but management is guiding higher rig count and meaningful day‑rate gains into Q3, implying underlying momentum. Corporate losses are steadily shrinking after refinancing and tighter G&A, while Drilling Products is a clear bright spot—small but consistent profit improvement from international and product mix gains.
Date | Other | Corporate | Drilling Services | Completion Services | Drilling Products |
|---|---|---|---|---|---|
Jun 30, 2026 | $5.05M | -$37.33M | $22.74M | $8.19M | $8.32M |
Mar 31, 2026 | $2.08M | -$45.10M | $44.30M | -$20.70M | $5.10M |
Dec 31, 2025 | -$947.00K | -$45.44M | $43.00M | -$3.60M | $6.76M |
Sep 30, 2025 | $810.00K | -$44.07M | $37.12M | -$27.72M | $5.80M |
Jun 30, 2025 | -$2.00M | -$45.66M | $40.60M | -$29.25M | $6.82M |
Mar 31, 2025 | $230.00K | -$47.49M | $76.31M | -$18.84M | $6.73M |
Dec 31, 2024 | $2.06M | -$55.95M | $72.99M | -$50.23M | -$201.00K |
Sep 30, 2024 | -$3.57M | -$53.13M | -$34.40M | -$908.66M | $9.14M |
Jun 30, 2024 | $433.00K | -$50.68M | $76.11M | $10.72M | $8.64M |
Mar 31, 2024 | $988.00K | -$59.73M | $89.61M | $49.63M | $6.50M |