Quarterly report [Sections 13 or 15(d)]

Related Party Transactions (Tables)

v3.25.2
Related Party Transactions (Tables)
6 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
Summary of Related Party Transactions

The following table summarizes revenue from related parties:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Flying A

 

$

3.1

 

 

$

6.5

 

 

$

5.0

 

 

$

11.7

 

Total

 

$

3.1

 

 

$

6.5

 

 

$

5.0

 

 

$

11.7

 

 

The following table summarizes expenditures with related parties:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Logistix IQ

 

$

15.0

 

 

$

20.4

 

 

$

58.1

 

 

$

41.7

 

Flying A

 

 

0.5

 

 

 

—

 

 

 

0.9

 

 

 

—

 

Wilks Brothers

 

 

2.0

 

 

 

2.6

 

 

 

4.0

 

 

 

4.7

 

Related Lessors

 

 

3.8

 

 

 

3.1

 

 

 

7.6

 

 

 

6.3

 

Wilks Construction

 

 

3.2

 

 

 

—

 

 

 

3.8

 

 

 

—

 

Wilks Earthworks

 

 

6.8

 

 

 

4.5

 

 

 

12.4

 

 

 

6.1

 

Equify Financial

 

 

4.6

 

 

 

2.6

 

 

 

9.2

 

 

 

4.7

 

AERO

 

 

—

 

 

 

2.2

 

 

 

—

 

 

 

2.2

 

Carbo

 

 

0.5

 

 

 

0.2

 

 

 

0.8

 

 

 

0.5

 

Total

 

$

36.4

 

 

$

35.6

 

 

$

96.8

 

 

$

66.2

 

The following table summarizes accounts receivable–related party:

 

 

June 30,
2025

 

 

December 31,
2024

 

Flying A

 

$

18.5

 

 

$

15.7

 

Wilks Brothers

 

 

0.1

 

 

 

—

 

Interstate

 

 

0.3

 

 

 

0.4

 

Total

 

$

18.9

 

 

$

16.1

 

The following table summarizes accounts payable–related party:

 

 

June 30,
2025

 

 

December 31,
2024

 

Logistix IQ

 

$

21.9

 

 

$

11.6

 

Wilks Brothers

 

 

2.6

 

 

 

3.2

 

Wilks Construction

 

 

1.1

 

 

 

—

 

Wilks Earthworks

 

 

2.9

 

 

 

2.8

 

Related Lessors

 

 

0.4

 

 

 

0.1

 

Flying A

 

 

0.8

 

 

 

—

 

Carbo

 

 

0.3

 

 

 

0.4

 

Total

 

$

30.0

 

 

$

18.1