Quarterly report [Sections 13 or 15(d)]

Related Party Transactions (Tables)

v3.26.1
Related Party Transactions (Tables)
 3 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
Summary of Related Party Transactions

The following table summarizes revenue from related parties:

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Flying A

 

$

0.9

 

 

$

1.9

 

Total

 

$

0.9

 

 

$

1.9

 

The following table summarizes expenditures with related parties:

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Logistix IQ

 

$

34.4

 

 

$

43.1

 

Flying A

 

 

2.3

 

 

 

0.4

 

Wilks Brothers

 

 

1.8

 

 

 

2.0

 

Related Lessors

 

 

3.4

 

 

 

3.8

 

Wilks Construction

 

 

—

 

 

 

0.6

 

Wilks Earthworks

 

 

6.3

 

 

 

5.6

 

Equify Financial

 

 

4.4

 

 

 

4.6

 

Carbo

 

 

0.7

 

 

 

0.3

 

Total

 

$

53.3

 

 

$

60.4

 

The following table summarizes accounts receivable–related party:

 

 

March 31,
2026

 

 

December 31,
2025

 

Flying A

 

$

4.5

 

 

$

18.8

 

Wilks Construction

 

 

0.8

 

 

 

0.8

 

Interstate

 

 

0.3

 

 

 

0.3

 

Total

 

$

5.6

 

 

$

19.9

 

 

The following table summarizes accounts payable–related party:

 

 

March 31,
2026

 

 

December 31,
2025

 

Logistix IQ

 

$

32.2

 

 

$

27.6

 

Wilks Brothers (1)

 

 

7.0

 

 

 

5.5

 

Wilks Earthworks

 

 

5.2

 

 

 

5.2

 

Related Lessors

 

 

0.1

 

 

 

0.1

 

Flying A

 

 

7.7

 

 

 

2.8

 

Carbo

 

 

0.9

 

 

 

1.0

 

Total

 

$

53.1

 

 

$

42.2

 
(1)
In 2025 the Company and Wilks Brothers agreed to settle the second, third and fourth quarter of 2025 management fee payments in shares of common stock under a service agreement. Approximately $5.0 million of the March 31, 2026 accounts payable balance will be settled when we issue 1.1 million shares of common stock in 2026 under this agreement.