Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions (Tables)

v3.24.2.u1
Related Party Transactions (Tables)
6 Months Ended
Jun. 30, 2024
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,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Flying A

 

$

6.5

 

 

$

2.7

 

 

$

11.7

 

 

$

4.2

 

Carbo

 

 

—

 

 

 

—

 

 

 

—

 

 

 

0.7

 

Total

 

$

6.5

 

 

$

2.7

 

 

$

11.7

 

 

$

4.9

 

The following table summarizes expenditures with related parties:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Automatize

 

$

20.4

 

 

$

46.5

 

 

$

41.7

 

 

$

89.8

 

FHE

 

 

—

 

 

 

0.1

 

 

 

—

 

 

 

1.0

 

Wilks Brothers

 

 

2.6

 

 

 

5.9

 

 

 

4.7

 

 

 

12.2

 

Related Lessors

 

 

3.1

 

 

 

4.4

 

 

 

6.3

 

 

 

6.9

 

Wilks Construction

 

 

—

 

 

 

1.9

 

 

 

—

 

 

 

6.8

 

Wilks Earthworks

 

 

4.5

 

 

 

3.3

 

 

 

6.1

 

 

 

4.8

 

Equify Financial

 

 

2.6

 

 

 

2.2

 

 

 

4.7

 

 

 

4.4

 

Cisco Aero

 

 

2.2

 

 

 

—

 

 

 

2.2

 

 

 

—

 

3 Twenty-Three

 

 

—

 

 

 

1.3

 

 

 

—

 

 

 

1.3

 

Carbo

 

 

0.2

 

 

 

0.3

 

 

 

0.5

 

 

 

1.0

 

Total

 

$

35.6

 

 

$

65.9

 

 

$

66.2

 

 

$

128.2

 

The following table summarizes accounts receivable–related party:

 

 

June 30,
2024

 

 

December 31,
2023

 

Flying A

 

$

11.1

 

 

$

5.9

 

Carbo

 

 

0.2

 

 

 

0.5

 

Interstate

 

 

0.3

 

 

 

0.4

 

Total accounts receivable — related party

 

$

11.6

 

 

$

6.8

 

The following table summarizes accounts payable–related party:

 

 

June 30,
2024

 

 

December 31,
2023

 

Automatize

 

$

7.8

 

 

$

11.6

 

Wilks Brothers

 

 

4.5

 

 

 

7.8

 

Wilks Earthworks

 

 

1.0

 

 

 

1.1

 

Related Lessors

 

 

0.3

 

 

 

0.1

 

Equify

 

 

1.3

 

 

 

0.3

 

Cisco Aero

 

 

1.7

 

 

 

—

 

Carbo

 

 

0.1

 

 

 

1.0

 

Total accounts payable — related party

 

$

16.7

 

 

$

21.9