Frank's International N.V.

CIK:0001575828|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Total revenue	$ 367,573	$ 390,872
Operating costs and expenses:
Cost of revenue, excluding depreciation and amortization expense	(297,614)	(305,492)
General and administrative expense, excluding depreciation and amortization expense	(17,894)	(21,814)
Depreciation and amortization expense	(45,395)	(45,421)
Merger and integration expense	(288)	(1,740)
Severance and other expense	(3,226)	(6,082)
Total operating cost and expenses	(364,417)	(380,549)
Operating income	3,156	10,323
Other income, net	347	1,654
Interest and finance expense, net	(1,551)	(3,451)
Income before taxes and equity in income of joint ventures	1,952	8,526
Equity in income of joint ventures	3,231	3,706
Income before income taxes	5,183	12,232
Income tax (expense) benefit	(6,217)	1,716
Net (loss) income	$ (1,034)	$ 13,948
(Loss) earnings per common share:
Basic (in dollars per share)	$ (0.01)	$ 0.12
Diluted (in dollars per share)	$ (0.01)	$ 0.12
Weighted average common shares outstanding:
Basic (in shares)	113,624,307	116,217,794
Diluted (in shares)	113,624,307	116,929,082