v3.20.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Total revenues $ 95,400 $ 178,365 $ 313,560 $ 565,414
Expenses:        
Impairments     101,458  
Depreciation and amortization     40,593 85,668
(Gain) loss on disposal of assets     (2,868) 2,634
Other income (expense):        
Interest expense (11,683) (11,584) (35,077) (32,556)
Gain on derivative     3,916 0
Loss from continuing operations before income taxes (29,113) (22,761) (209,366) (58,742)
Income tax (expense) benefit (40) (2,016) 4,058 (137)
Loss from continuing operations (29,153) (24,777) (205,308) (58,879)
Loss from discontinued operations (2,926) (14,100) (16,250) (35,251)
Net loss $ (32,079) $ (38,877) $ (221,558) $ (94,130)
Net loss from continuing operations per share, basic and diluted (in dollars per share) $ (1.17) $ (0.97) $ (8.23) $ (2.22)
Net loss from discontinued operations per share, basic and diluted (in dollars per share) (0.12) (0.55) (0.65) (1.33)
Net loss per share of common stock, basic and diluted (in dollars per share) $ (1.29) $ (1.52) $ (8.88) $ (3.55)
Continuing Operations        
Revenues:        
Total revenues $ 95,400 $ 144,163 $ 313,440 $ 445,328
Expenses:        
Expenses 84,775 108,579 264,506 328,762
General and administrative, including stock-based compensation of $68 and $1,165 in the three months ended September 30, 2020 and 2019, respectively, and $1,482 and $7,767 in the nine months ended September 30, 2020 and 2019, respectively 25,451 28,529 90,958 90,471
Impairments 1,830 0 101,458 0
Depreciation and amortization 12,976 17,819 40,593 51,297
(Gain) loss on disposal of assets (5,190) 738 (5,700) 2,014
Total expenses 119,842 155,665 491,815 472,544
Operating loss (24,442) (11,502) (178,375) (27,216)
Other income (expense):        
Interest expense (11,683) (11,584) (35,077) (32,556)
Interest income 0 113 63 472
Gain on derivative 6,966 0 3,916 0
Other income 46 212 107 558
Well Servicing | Continuing Operations        
Revenues:        
Total revenues 53,211 57,439 158,670 177,941
Expenses:        
Expenses 44,766 48,111 134,968 143,081
Water Logistics | Continuing Operations        
Revenues:        
Total revenues 30,705 48,451 108,340 155,083
Expenses:        
Expenses 28,506 34,783 87,207 107,611
Completion & Remedial Services | Continuing Operations        
Revenues:        
Total revenues 11,484 38,273 46,430 112,304
Expenses:        
Expenses $ 11,503 $ 25,685 $ 42,331 $ 78,070

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