v3.20.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenues $ 89,662 $ 189,847 $ 218,160 $ 387,049
Expenses:        
Impairments     99,628  
Depreciation and amortization     27,619 56,489
(Gain) loss on disposal of assets     2,297 1,797
Other income (expense):        
Interest expense (12,775) (10,358) (23,393) (20,972)
Gain (loss) on derivative     (3,050) 0
Loss from continuing operations before income taxes (40,033) (19,343) (180,253) (35,981)
Income tax (expense) benefit 308 28 4,099 1,879
Loss from continuing operations (39,725) (19,315) (176,154) (34,102)
Loss from discontinued operations (4,873) (8,462) (13,325) (21,151)
Net loss $ (44,598) $ (27,777) $ (189,479) $ (55,253)
Net loss from continuing operations per share, basic and diluted (in dollars per share) $ (1.59) $ (0.71) $ (7.06) $ (1.26)
Net loss from discontinued operations per share, basic and diluted (in dollars per share) (0.20) (0.31) (0.53) (0.78)
Net loss per share of common stock, basic and diluted (in dollars per share) $ (1.79) $ (1.02) $ (7.59) $ (2.04)
Continuing Operations        
Revenues:        
Total revenues $ 89,637 $ 147,975 $ 218,040 $ 301,165
Expenses:        
Expenses 74,613 109,060 179,731 220,183
General and administrative, including stock-based compensation of $78 and $3,329 in the three months ended June 30, 2020 and 2019, respectively, and $1,414 and $6,604 in the six months ended June 30, 2020 and 2019, respectively 30,445 30,186 65,515 61,941
Impairments 0 0 99,628 0
Depreciation and amortization 12,853 17,296 27,619 33,478
(Gain) loss on disposal of assets (474) 580 (511) 1,277
Total expenses 117,437 157,122 371,982 316,879
Operating loss (27,800) (9,147) (153,942) (15,714)
Other income (expense):        
Interest expense (12,775) (10,358) (23,393) (20,972)
Interest income 0 114 62 360
Gain (loss) on derivative 502 0 (3,050) 0
Other income 40 48 70 345
Well Servicing | Continuing Operations        
Revenues:        
Total revenues 47,318 58,518 105,459 120,502
Expenses:        
Expenses 39,385 46,162 90,202 94,970
Water Logistics | Continuing Operations        
Revenues:        
Total revenues 33,254 51,031 77,635 106,632
Expenses:        
Expenses 25,582 35,529 58,701 72,828
Completion & Remedial Services | Continuing Operations        
Revenues:        
Total revenues 9,065 38,426 34,946 74,031
Expenses:        
Expenses $ 9,646 $ 27,369 $ 30,828 $ 52,385

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