Quarterly report [Sections 13 or 15(d)]

Related Party Transactions (Tables)

v3.25.3
Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2025
Related Party Transactions [Abstract]  
Summary of Related Party Transactions

The following table summarizes revenue from related parties:

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Flying A

 

$

1.3

 

 

$

4.5

 

 

$

6.3

 

 

$

16.2

 

Total

 

$

1.3

 

 

$

4.5

 

 

$

6.3

 

 

$

16.2

 

 

The following table summarizes expenditures with related parties:

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Logistix IQ

 

$

2.1

 

 

$

29.3

 

 

$

60.2

 

 

$

71.0

 

Flying A

 

 

0.6

 

 

 

—

 

 

 

1.5

 

 

 

—

 

Wilks Brothers

 

 

2.2

 

 

 

2.0

 

 

 

6.2

 

 

 

6.7

 

Related Lessors

 

 

3.8

 

 

 

5.1

 

 

 

11.4

 

 

 

11.4

 

Wilks Construction

 

 

5.0

 

 

 

—

 

 

 

8.8

 

 

 

—

 

Wilks Earthworks

 

 

8.7

 

 

 

2.0

 

 

 

21.1

 

 

 

8.1

 

Equify Financial

 

 

4.4

 

 

 

1.3

 

 

 

13.6

 

 

 

6.0

 

AERO

 

 

—

 

 

 

0.1

 

 

 

—

 

 

 

2.3

 

Carbo

 

 

0.5

 

 

 

0.5

 

 

 

1.3

 

 

 

1.0

 

Total

 

$

27.3

 

 

$

40.3

 

 

$

124.1

 

 

$

106.5

 

The following table summarizes accounts receivable–related party:

 

 

September 30,
2025

 

 

December 31,
2024

 

Flying A

 

$

18.8

 

 

$

15.7

 

Wilks Brothers

 

 

—

 

 

 

—

 

Interstate

 

 

0.3

 

 

 

0.4

 

Total

 

$

19.1

 

 

$

16.1

 

The following table summarizes accounts payable–related party:

 

 

September 30,
2025

 

 

December 31,
2024

 

Logistix IQ

 

$

12.5

 

 

$

11.6

 

Wilks Brothers

 

 

2.4

 

 

 

3.2

 

Wilks Construction

 

 

—

 

 

 

—

 

Wilks Earthworks

 

 

3.6

 

 

 

2.8

 

Related Lessors

 

 

0.3

 

 

 

0.1

 

Flying A

 

 

1.4

 

 

 

—

 

Equify

 

 

0.9

 

 

 

—

 

Carbo

 

 

0.4

 

 

 

0.4

 

Total

 

$

21.5

 

 

$

18.1