Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Changes in Equity (Unaudited)

v3.26.1
Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Class A Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income
Noncontrolling Interests
Beginning balance at Dec. 31, 2024 $ 1,076.1 $ 1.5 $ 1,241.2 $ (235.9) $ 0.1 $ 69.2
Beginning balance, Shares at Dec. 31, 2024   160,200,000        
Net income (loss) (15.4)     (17.5)   2.1
Stock-based compensation 1.1   0.9     0.2
Class A shares issued for vested stock awards, shares   100,000        
Cash settlement of vested stock awards, shares   (100,000)        
Cash settlement of vested stock awards, value (1.0)   (1.0)      
Foreign currency translation adjustments 0.1       0.1  
Purchase of noncontrolling interest (0.3)         (0.3)
Adjustment of convertible preferred stock to redemption amount (1.3)     (1.3)    
Ending balance at Mar. 31, 2025 1,059.3 $ 1.5 1,241.1 (254.7) 0.2 71.2
Ending balance, Shares at Mar. 31, 2025   160,200,000        
Net income (loss) (107.2)     (108.0)   0.8
Stock-based compensation 0.8   0.5     0.3
Class A shares issued for vested stock awards, shares   100,000        
Cash settlement of vested stock awards, shares   (100,000)        
Cash settlement of vested stock awards, value (0.2)   (0.2)      
Change in Flotek noncontrolling interest     (5.9)     5.9
Change in other noncontrolling interest (2.7)   0.4     (3.1)
Transfer of foreign currency translation of disposed subsidiary (0.2)       (0.2)  
Adjustment of convertible preferred stock to redemption amount (1.3)     (1.3)    
Ending balance at Jun. 30, 2025 948.5 $ 1.5 1,235.9 (364.0) 0.0 75.1
Ending balance, Shares at Jun. 30, 2025   160,200,000        
Beginning balance at Dec. 31, 2025 811.9 $ 1.8 1,325.9 (610.2) 0.0 94.4
Beginning balance, Shares at Dec. 31, 2025   180,900,000        
Net income (loss) (80.8)     (83.5)   2.7
Stock-based compensation 0.9   0.6     0.3
Class A shares issued for vested stock awards 0.2   0.2      
Change in Flotek noncontrolling interest     (0.4)     0.4
Subsidiary transactions with noncontrolling interests (0.4)         (0.4)
Adjustment of convertible preferred stock to redemption amount (1.4)     (1.4)    
Deemed distribution (15.9)   (15.9)      
Other 0.1   0.1      
Ending balance at Mar. 31, 2026 714.6 $ 1.8 1,310.5 (695.1) 0.0 97.4
Ending balance, Shares at Mar. 31, 2026   180,900,000        
Net income (loss) (74.7)     (79.7)   5.0
Stock-based compensation 2.5   2.0     0.5
Class A shares issued for vested stock awards, shares   100,000        
Class A shares issued for vested stock awards (0.1)   (0.1)      
Change in Flotek noncontrolling interest     (0.3)     0.3
Subsidiary transactions with noncontrolling interests (0.1)         (0.1)
Adjustment of convertible preferred stock to redemption amount (1.3)     (1.3)    
Shares issued to settle stock-based compensation liability,Shares   1,100,000        
Shares issued to settle stock-based compensation liability 5.0   5.0      
Other (0.3)   (0.3)      
Ending balance at Jun. 30, 2026 $ 645.6 $ 1.8 $ 1,316.8 $ (776.1) $ 0.0 $ 103.1
Ending balance, Shares at Jun. 30, 2026   182,100,000