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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2020	May 01, 2020
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Entity Ex Transition Period	true
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Registrant Name	Quintana Energy Services Inc.
Entity Central Index Key	0001704235
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Emerging Growth Company	true
Small Business	true
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		33,759,797

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 23,180	$ 14,730
Accounts receivable, net of allowance of $4,146 and $4,057	58,980	66,309
Unbilled receivables	4,960	6,913
Inventories (Note 3)	23,446	21,601
Prepaid expenses and other current assets	7,750	8,410
Total current assets	118,316	117,963
Property, plant and equipment, net	99,229	110,375
Operating lease right-of-use asset	9,650	10,943
Other assets	1,158	1,248
Total assets	228,353	240,529
Current liabilities:
Accounts payable	38,547	34,478
Accrued liabilities (Note 4)	23,243	29,521
Current lease liabilities	7,104	7,224
Total current liabilities	68,894	71,223
Long-term debt (Note 5)	32,000	21,000
Long-term operating lease liabilities	7,144	7,970
Long-term finance lease liabilities	7,333	7,961
Deferred tax liability, net	103	112
Other long-term liabilities	0	2
Total liabilities	115,474	108,268
Commitments and contingencies (Note 8)
Shareholders’ equity:
Preferred shares, $0.01 par value, 10,000,000 authorized; none issued and outstanding	0	0
Common shares, $0.01 par value, 150,000,000 authorized; 35,467,609 issued; 33,809,644 outstanding	362	356
Additional paid-in-capital	360,321	357,996
Treasury shares, at cost, 1,657,964 and 1,225,330 common shares	(5,860)	(4,872)
Accumulated deficit	(241,944)	(221,219)
Total shareholders’ equity	112,879	132,261
Total liabilities and shareholders’ equity	$ 228,353	$ 240,529

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowance for accounts receivable, net	$ 4,146	$ 4,057
Preferred shares, par value (USD per share)	$ 0.01	$ 0.01
Preferred stock authorized (shares)	10,000,000	10,000,000
Preferred stock issued (shares)	0	0
Preferred stock outstanding (shares)	0	0
Common shares, par value (USD per share)	$ 0.01	$ 0.01
Common stock authorized (shares)	150,000,000	150,000,000
Common stock issued (shares)	35,467,609	35,467,609
Common stock outstanding (shares)	33,809,644	33,809,644
Common treasury stock (shares)	1,657,964	1,225,330

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Revenues	$ 92,801	$ 141,665
Costs and expenses:
Direct operating costs	81,490	121,551
General and administrative	12,086	15,710
Depreciation and amortization	9,894	12,440
Gain on disposition of assets	(26)	(23)
Impairment	9,273	0
Operating loss	(19,916)	(8,013)
Non-operating loss expense:
Interest expense	(729)	(671)
Other income	0	0
Loss before income tax	(20,645)	(8,684)
Income tax expense	(80)	(177)
Net (loss) income	$ (20,725)	$ (8,861)
Net loss per common share:
Basic (USD per share)	$ (0.62)	$ (0.26)
Diluted (USD per share)	$ (0.62)	$ (0.26)
Weighted average common shares outstanding:
Basic (shares)	33,563	33,685
Diluted (shares)	33,563	33,685

Condensed Consolidated Statement of Shareholder's Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid in Capital	Treasury Stock	Accumulated Deficit
Balance at beginning of period (shares) at Dec. 31, 2018		33,541,000
Balance at beginning of period at Dec. 31, 2018	$ 201,820	$ 344	$ 349,080	$ (1,821)	$ (145,783)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation (shares)		609,000
Stock based compensation - equity awards	2,751	$ 3	2,748
Net (loss) income	(8,861)				(8,861)
Tax withholding on stock vesting (shares)		(177,000)
Tax withholding on stock vesting	(954)			(954)
Stock buyback plan activity (shares)		(103,000)
Stock buyback plan activity	(486)			(486)
Balance at end of period (shares) at Mar. 31, 2019		33,870,000
Balance at end of period at Mar. 31, 2019	$ 194,270	$ 347	351,828	(3,261)	(154,644)
Balance at beginning of period (shares) at Dec. 31, 2019	33,809,644	33,333,000
Balance at beginning of period at Dec. 31, 2019	$ 132,261	$ 356	357,996	(4,872)	(221,219)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation (shares)		909,000
Stock based compensation - equity awards	2,331	$ 6	2,325
Net (loss) income	(20,725)				(20,725)
Tax withholding on stock vesting (shares)		(255,000)
Tax withholding on stock vesting	(573)			(573)
Stock buyback plan activity (shares)		(177,000)
Stock buyback plan activity	$ (415)			(415)
Balance at end of period (shares) at Mar. 31, 2020	33,809,644	33,810,000
Balance at end of period at Mar. 31, 2020	$ 112,879	$ 362	$ 360,321	$ (5,860)	$ (241,944)

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net loss	$ (20,725,000)	$ (8,861,000)
Adjustments to reconcile net loss to net cash
Depreciation and amortization	9,894,000	12,440,000
Impairment expense	9,273,000	0
Gain on disposition of assets	(609,000)	(3,270,000)
Non-cash interest expense	88,000	87,000
Provision for doubtful accounts	226,000	257,000
Deferred income tax expense	(31,000)	40,000
Stock-based compensation	2,331,000	2,751,000
Changes in operating assets and liabilities:
Accounts receivable	7,102,000	4,869,000
Unbilled receivables	1,953,000	5,338,000
Inventories	(1,844,000)	(1,172,000)
Prepaid expenses and other current assets	1,209,000	1,867,000
Other noncurrent assets	0	3,000
Accounts payable	2,681,000	(2,078,000)
Accrued liabilities	(5,875,000)	(1,518,000)
Other long-term liabilities	0	(99,000)
Net cash provided by operating activities	5,673,000	10,654,000
Cash flows from investing activities:
Purchases of property, plant and equipment	(6,735,000)	(12,284,000)
Advances of deposit on equipment	0	(354,000)
Proceeds from sale of property, plant and equipment	795,000	3,754,000
Net cash used in investing activities	(5,940,000)	(8,884,000)
Cash flows from financing activities:
Proceeds from revolving debt	20,000,000	7,500,000
Payments on revolving debt	(9,000,000)	0
Payments on finance leases	(698,000)	(122,000)
Payments on financed payables	(597,000)	(617,000)
Payments for treasury shares	(988,000)	(1,445,000)
Net cash provided by financing activities	8,717,000	5,316,000
Net increase in cash and cash equivalents	8,450,000	7,086,000
Cash and cash equivalents beginning of period	14,730,000	13,804,000
Cash and cash equivalents end of period	23,180,000	20,890,000
Supplemental cash flow information
Cash paid for interest	624,000	548,000
Income taxes paid	0	6,000
Supplemental non-cash investing and financing activities
Fixed asset purchases in accounts payable and accrued liabilities	832,000	1,096,000
Financed payables	549,000	392,000
Non-cash finance lease additions	$ 106,000	$ 720,000

Organization and Nature of Operations, Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Organization and Nature of Operations and Basis of Presentation	Organization and Nature of Operations, Basis of Presentation and Significant Accounting Policies Quintana Energy Services Inc. (either individually or together with its subsidiaries, as the context requires, the “Company,” “QES,” “we,” “us,” and “our”) is a Delaware corporation that was incorporated on April 13, 2017. Our accounting predecessor, Quintana Energy Services LP (“QES LP” and “Predecessor”), was formed as a Delaware partnership on November 3, 2014. In connection with our initial public offering (the “IPO”) which closed on February 13, 2018, the existing investors in QES LP and QES Holdco LLC contributed all of their direct and indirect equity interests to QES in exchange for shares of common stock in QES, and we became the holding company for the reorganized QES LP and its subsidiaries. We are a diversified oilfield services provider of leading onshore oil and natural gas exploration and production (“E&P”) companies operating in both conventional and unconventional plays in all of the active major basins throughout the United States. The Company operates through four reporting segments, including Directional Drilling, Pressure Pumping, Pressure Control and Wireline. Basis of Presentation and Principles of Consolidation The accompanying interim unaudited condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). These interim unaudited condensed consolidated financial accounts include all QES accounts and all of our subsidiaries where we exercise control. All inter-company transactions and account balances have been eliminated upon consolidation. The accompanying interim unaudited condensed consolidated financial statements have not been audited by the Company’s independent registered public accounting firm, except that the Consolidated Balance Sheet at December 31, 2019, is derived from previously audited consolidated financial statements. In the opinion of management, all material adjustments, consisting of normal recurring adjustments, necessary for fair statement have been included. These interim condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for interim financial information. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. Therefore, these interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 (“2019 Annual Report”) filed with the SEC on March 6, 2020. The operating results for interim periods are not necessarily indicative of results that may be expected for any other interim period or for the full year. There have been no material changes to the Company’s critical accounting policies or estimates from those disclosed in the 2019 Annual Report. Accounting Pronouncements Accounting Standard Adopted In June 2018, the Financial Accounting Standards Board ("FASB") issued ASU No. 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. This ASU is intended to simplify aspects of stock-based compensation issued to non-employees by making the guidance consistent with the accounting for employee stock-based compensation. The Company adopted ASU No. 2018-07 effective January 1, 2020 and the adoption did not have a material impact to the condensed consolidated financial statements. Accounting Standard Update Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("Topic 326"). This ASU is intended to update the measurement of credit losses on financial instruments. This update improves financial reporting by requiring earlier recognition of credit losses on financing receivables and other financial assets in scope by using the Current Expected Credit Losses model ("CECL"). This guidance is effective for interim and annual periods beginning after December 15, 2022, with early adoption permitted. The new accounting standard introduces the CECL methodology for estimating allowances for credit losses. QES is an oil field service company and as of the three months ended March 31, 2020 had a third-party accounts receivable balance, net of allowance for doubtful accounts, of $59.0 million. Topic 326 will not have a material impact on our consolidated balance sheets or our consolidated income statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This ASU is intended to simplify aspects of income tax approach for intraperiod tax allocations when there is a loss from continuing operations and income or a gain from other items, and to provide a general methodology for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. Topic 740 will also provide guidance to simplify how an entity recognizes a franchise tax (or similar tax) that is partially based on income as an income-based tax and account for any incremental amount incurred as a non-income-based tax, evaluations of when step ups in the tax basis of goodwill should be considered part of the business combination. Companies should also reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. The guidance is effective for the Company for the fiscal year beginning January 1, 2021. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This ASU provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting and, particularly, the risk of cessation of the London Interbank Offered Rate (LIBOR). The amendments in this ASU are elective and apply to all entities, subject to meeting certain criteria, that have contracts, hedging relationships, and transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The expedients and exceptions provided by the amendments in this ASU are effective for all entities, if elected, through December 31, 2022. While the exact impact of this standard is not known, the guidance is not expected to have a material impact on the Company’s condensed consolidated financial statements.

Impairment

3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment [Abstract]

Impairment

The following table presents impairment charges by asset group and related segment that were recorded for the three months ended March 31, 2020 in the interim condensed consolidated Statements of Operations (in thousands of U.S. dollars):



	Pressure Pumping		Pressure Control		Wireline		Three Months Ended March 31, 2020
Property, plant and equipment	$	2,191	$	4,182	$	1,297	$	7,670
Operating lease right of use assets	47		206		286		539
Finance lease right of use assets	311		727		26		1,064
Total impairment	$	2,549	$	5,115	$	1,609	$	9,273

We evaluate our long-lived assets for impairment whenever there are changes in facts or circumstances which suggest that the carrying value of the asset is not recoverable. During the latter part of the first quarter of 2020, we experienced significant reduced demand for our services coupled with a significant decline in West Texas Intermediate ("WTI") commodity pricing. As a result, we conducted a review of all of our asset groups in our segments in consideration of the completion of our first quarter 2020 forecast which provided additional insights into expectations of lower growth and margins. As a result of our review, for the Pressure Pumping, Pressure Control, and Wireline segments asset groups, we determined that the sum of the estimated undiscounted future cash flows of these asset groups were below their respective carrying amounts and thus were not recoverable.

As a result, we performed an impairment assessment for these asset groups as of March 31, 2020 using the market and income approaches to determine fair value. Our estimated fair values of our asset groups incorporate judgment and the use of estimates by management. We primarily calculate fair value in these impairment tests using discounted cash flow models, which require the use of significant unobservable inputs, representative of a Level 3 fair value measurement. Our cash flow models involve assumptions based on discount rates, utilization of equipment, revenues, direct costs, general and administrative costs, depreciation, applicable income taxes, capital expenditures and working capital requirements. Our fair value estimates of these asset groups are sensitive to varying dayrates, utilization and costs. While we believe these assumptions with respect to future dayrates, utilization, and cost are reasonable, actual future prices for services and activity levels may vary significantly from the ones that were assumed. A significantly prolonged period of lower oil and natural gas prices, other than those assumed in developing our forecasts could adversely affect the demand for and prices of our services, which could in turn result in future asset impairment charges for these asset groups due to the potential impact on our estimate of our future operating results.

During the three months ended March 31, 2019 there were no triggers or impairment expense.

Inventories

3 Months Ended

Mar. 31, 2020

Inventory Disclosure [Abstract]

Inventories

Inventories consisted of the following (in thousands of U.S. dollars):



	March 31, 2020		December 31, 2019
Inventories:
Consumables and materials	$	4,696	$	4,968
Spare parts	18,750		16,633
Total Inventories	$	23,446	$	21,601

Accrued Liabilities

3 Months Ended

Mar. 31, 2020

Payables and Accruals [Abstract]

Accrued Liabilities

Accrued liabilities consist of the following (in thousands of U.S. dollars):



	March 31, 2020		December 31, 2019
Current accrued liabilities:
Accrued payables	$	9,001	$	7,985
Payroll and payroll taxes	5,746		7,665
Bonus	403		3,147
Workers compensation insurance premiums	1,291		1,328
Sales tax	673		1,813
Ad valorem tax	741		648
Health insurance claims	1,029		1,010
Other accrued liabilities	4,359		5,925
Total accrued liabilities	$	23,243	$	29,521

Long-Term Debt	3 Months Ended
Long-Term Debt	Mar. 31, 2020
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt ABL Facility In connection with the closing of the IPO on February 13, 2018, we entered into a new five-year asset-based revolving credit agreement (the “ABL Facility”) with each lender party thereto and Bank of America, N.A. as administrative agent and collateral agent. The ABL Facility provides for a $100.0 million revolving credit facility subject to a borrowing base. Upon closing of the ABL Facility, the borrowing capacity was $77.6 million and $13.0 million was immediately drawn. As of March 31, 2020 our borrowing capacity was $56.1 million. The loan interest rate on the $32.0 million borrowings outstanding at March 31, 2020 was 3.5%. The ABL Facility's outstanding balance is recorded as long-term debt and the fair value of the ABL Facility, approximates its carrying value. At March 31, 2020, we had $23.2 million of cash and cash equivalents and $21.2 million availability on the ABL Facility, which resulted in a total liquidity position of $44.4 million. The ABL Facility contains various affirmative and negative covenants, including financial reporting requirements and limitations on indebtedness, liens, mergers, consolidations, liquidations and dissolutions, sales of assets, dividends and other restricted payments, investments (including acquisitions) and transactions with affiliates. Certain affirmative covenants, including certain reporting requirements and requirements to establish cash dominion accounts with the administrative agent, are triggered by failing to maintain availability under the ABL Facility at or above specified thresholds or by the existence of an event of default under the ABL Facility. The ABL Facility provides for some exemptions to its negative covenants allowing the Company to make certain restricted payments and investments; subject to maintaining availability under the ABL Facility at or above a specified threshold and the absence of a default. The ABL Facility contains a minimum fixed charge coverage ratio of 1.0 to 1.0 that is triggered when availability under the ABL Facility falls below a specified threshold and is tested until availability exceeds a separate specified threshold for 30 consecutive days. The ABL Facility contains events of default customary for facilities of this nature, including, but not limited, to: (i) events of default resulting from the Company's failure or the failure of any credit other party to comply with covenants (including the above-referenced financial covenant during periods in which the financial covenant is tested); (ii) the occurrence of a change of control; (iii) the institution of insolvency or similar proceedings against QES or any other credit party; and (iv) the occurrence of a default under any other material indebtedness that any credit party may have. Upon the occurrence and during the continuation of an event of default, subject to the terms and conditions of the ABL Facility, the lenders will be able to declare any outstanding principal balance of our ABL Facility, together with accrued and unpaid interest, to be immediately due and payable and exercise other remedies, including remedies against the collateral, as more particularly specified in the ABL Facility. As of March 31, 2020, the Company was in compliance with all debt covenants. QES uses standby letters of credit, arranged through our ABL facility, to facilitate commercial transactions with third parties and to secure our performance to certain vendors. Under these arrangements, QES has payment obligations to the issuing bank that are triggered by a draw by certain third parties in the event QES fails to perform according to the terms of its underlying contract. As of March 31, 2020, QES had issued a letter of credit for $2.8 million. The unused amount under the letter of credit was $2.8 million. To the extent liabilities are incurred as a result of the activities covered by the letter of credit, such liabilities are included on the accompanying consolidated balance sheets.

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes As the Company does not operate internationally, income from continuing operations is sourced exclusively from the United States. Income tax expense during interim periods is based on our estimated annual effective income tax rate plus any items, which are recorded in the period in which they occur. Items include, among others, such events as changes in estimates due to the finalization of tax returns, tax audit settlements, expiration of statutes of limitation, and increases or decreases in valuation allowances on deferred tax assets. Our effective tax rate was (0.4)% and (2.0)% for the three months ended March 31, 2020 and 2019, respectively. The increase in the effective tax rate for the period ended March 31, 2020 as compared to the same period in 2019 was primarily due to changes in state apportionment. Tax positions are evaluated for recognition using a more-likely-than-not threshold, and those tax positions requiring recognition are measured as the largest amount of tax benefit that is greater than fifty percent likely of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. The Company’s policy is to record interest and penalties relating to uncertain tax positions in income tax expense. At March 31, 2020, the Company did not have any accrued liability for uncertain tax positions and does not anticipate recognition of any significant liabilities for uncertain tax positions during the next 12 months. The federal and state statutes of limitations have expired for all tax years prior to 2016 and we are not currently under audit by the IRS or any state jurisdiction. In response to the COVID-19 pandemic, many governments have enacted or are contemplating measures to provide aid and economic stimulus. These measures may include deferring the due dates of tax payments or other changes to their income and non-income-based tax laws. The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which was enacted on March 27, 2020 in the United States, includes measures to assist companies, including temporary changes to income and non-income-based tax laws. For the three months ended March 31, 2020, there were no material tax impacts to our condensed consolidated financial statements as it relates to COVID-19 measures. During the first quarter of 2020, the Company elected to defer the employer portion of social security tax incurred from the date of the enactment of the CARES Act until the end of 2020. We continue to monitor additional guidance issued by the U.S. Treasury Department, the Internal Revenue Service and others.

Related Party Transactions

3 Months Ended

Mar. 31, 2020

Related Party Transactions

The Company utilizes some Quintana Capital Group, L.P. affiliate employees for certain accounting and risk management functions and incurs some tool rental and maintenance charges from Archer Well Company Inc. These amounts are reimbursed by the Company on a monthly basis.

At March 31, 2020 and 2019 QES had the following transactions with related parties (in thousands of U.S. dollars):



	March 31, 2020		December 31, 2019
Accounts payable to affiliates of Quintana Capital Group, L.P.	$	133	$	23
Accounts payable to affiliates of Archer Well Company Inc.	$	22	$	21



	Three Months Ended March 31,
	2020		2019
Operating expenses from affiliates of Quintana Capital Group, L.P.	$	158	$	172
Operating expenses from affiliates of Archer Well Company Inc.	$	1	$	4

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Environmental Regulations & Liabilities The Company is subject to various federal, state and local environmental laws and regulations that establish standards and requirements for the protection of the environment. The Company continues to monitor the status of these laws and regulations. However, the Company cannot predict the future impact of such standards and requirements on its business, which are subject to change and can have retroactive effectiveness. Currently, the Company has not been fined, cited or notified of any environmental violations or liabilities that would have a material adverse effect upon its interim unaudited condensed consolidated financial statement position, results of operations, liquidity or capital resources. However, management does recognize that by the very nature of its business, material costs could be incurred in the future to maintain compliance. The amount of such future expenditures is not determinable due to several factors, including the unknown magnitude of possible regulation or liabilities, the unknown timing and extent of the corrective actions which may be required, the determination of the Company’s liability in proportion to other responsible parties and the extent to which such expenditures are recoverable from insurance or indemnification. Litigation The Company is a defendant or otherwise involved in a number of lawsuits in the ordinary course of business. Estimates of the range of liability related to pending litigation are made when the Company believes the amount and range of loss can be estimated and records its best estimate of a loss when the loss is considered probable. When a liability is probable, and there is a range of estimated loss with no best estimate in the range, the minimum estimated liability related to the lawsuits or claims is recorded. As additional information becomes available, the potential liability related to pending litigation and claims is assessed and the estimate is revised. Due to uncertainties related to the resolution of lawsuits and claims, the ultimate outcome may differ from estimates. The Company’s ultimate exposure with respect to pending lawsuits and claims is not expected to have a material adverse effect on our financial position, results of operations or cash flows. Other Commitments and Contingencies The Company is not aware of any other matter that may have a material effect on its financial position or results of operations.

Segment Information

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Segment Information

The Company continuously reviews the information to be reviewed by the Company’s Chief Operating Decision Maker (“CODM”) and has determined that QES continues to operate under four reportable segments: Directional Drilling, Pressure Pumping, Pressure Control and Wireline. These segments have been selected based on the operating results that are regularly reviewed by the Company’s CODM to make decisions about resource allocation and segment performance. The Company considers its Chief Executive Officer to be its CODM. The CODM evaluates the performance of our segments based on revenue and income measures, which include Adjusted EBITDA.

Directional Drilling

Our Directional Drilling segment is comprised of directional drilling services, downhole navigational and rental tools businesses and support services, including well planning and site supervision, which assists customers in the drilling and placement of complex directional and horizontal wellbores. This segment utilizes its fleet of in-house positive pulse measurement-while-drilling navigational tools, mud motors and ancillary downhole tools, as well as electromagnetic navigational systems. The demand for these services tends to be influenced primarily by customer drilling-related activity levels. We provide directional drilling and associated services to E&P companies in many of the most active areas of onshore oil and natural gas development in the United States, including the Permian Basin, Eagle Ford Shale, Mid-Continent region, Marcellus/Utica Shale and DJ/Powder River Basin.

Pressure Pumping

Our Pressure Pumping segment provides hydraulic fracturing stimulation services, cementing services and acidizing services. The majority of the revenues generated in this segment are derived from Pressure Pumping services focused on hydraulic fracturing, cementing and acidizing services in the Permian Basin, Mid-Continent region and the DJ/Powder River Basin. These pressure pumping and stimulation services are primarily used in the completion, production and maintenance of oil and gas wells. Customers for this segment include large public E&P operators as well as independent oil and gas producers.

Pressure Control

Our Pressure Control segment supplies a wide variety of equipment, services and expertise in support of completion and workover operations throughout the United States. Its capabilities include coiled tubing, snubbing, fluid pumping, nitrogen, well control and other pressure control related services. Our Pressure Control equipment is tailored to the unconventional resources market with the ability to operate under high pressures without having to delay or cease production during completion operations. We provide our pressure control services primarily in the Mid-Continent region (including the SCOOP/STACK), Eagle Ford Shale, Permian Basin, DJ/Powder River Basin, Haynesville Shale and East Texas Basin.

Wireline

Our Wireline segment provides new well wireline conveyed tight-shale reservoir perforating services across many of the major U.S. shale basins and also offers a range of services such as cased-hole investigation and production logging services, conventional wireline, mechanical services and pipe recovery services. These services are offered in both new well completions and for remedial work. The majority of the revenues generated in our Wireline segment are derived from the Permian Basin, Eagle Ford Shale, Mid-Continent region (including the SCOOP/STACK), Haynesville Shale and East Texas Basin as well as in industrial and petrochemical facilities.

Segment Adjusted EBITDA

The Company views Adjusted EBITDA as an important indicator of segment performance. The Company defines Segment Adjusted EBITDA as net income (loss) plus income taxes, net interest expense, depreciation and amortization, impairment charges, net (gain) loss on disposition of assets - excluding (gain) loss of lost in hole assets, stock-based compensation, transaction expenses, rebranding expenses, settlement expenses, restructuring expenses, impairment expenses, severance expenses and equipment stand-up expense. The CODM uses Segment Adjusted EBITDA as the primary measure of segment operating performance.

The following table presents a reconciliation of Segment Adjusted EBITDA to net (loss) income (in thousands of U.S. dollars):



	Three Months Ended March 31,
	2020			2019
Segment Adjusted EBITDA:
Directional Drilling	$	5,490		$	9,480
Pressure Pumping	959			(3,504		)
Pressure Control	(191		)	3,241
Wireline	(1,678		)	2,064
Corporate and Other	(5,355		)	(6,877		)
Impairment	(9,273		)	—
Income tax expense	(80		)	(177		)
Interest expense	(729		)	(671		)
Depreciation and amortization	(9,894		)	(12,440		)
Gain on disposition of assets	26			23
Net loss	$	(20,725	)	$	(8,861	)

Financial information related to the Company’s total assets position as of March 31, 2020 and December 31, 2019, by segment, is as follows (in thousands of U.S. dollars):



	March 31, 2020		December 31, 2019
Directional Drilling	$	93,433	$	99,456
Pressure Pumping	42,321		45,875
Pressure Control	54,581		67,685
Wireline	17,854		21,304
Total	$	208,189	$	234,320
Corporate & Other	20,164		6,209
Total assets	$	228,353	$	240,529



	Three Months Ended March 31, 2020
	Directional Drilling		Pressure Pumping		Pressure Control		Wireline		Total
Revenues	$	50,248	$	16,149	$	19,041	$	7,363	$	92,801
Depreciation and amortization	$	3,017	$	2,822	$	3,258	$	797	$	9,894
Capital expenditures	$	4,441	$	249	$	1,944	$	101	$	6,735

	Three Months Ended March 31, 2019
	Directional Drilling		Pressure Pumping		Pressure Control		Wireline		Total
Revenues	$	61,956	$	28,631	$	28,775	$	22,303	$	141,665
Depreciation and amortization	$	2,966	$	5,478	$	2,932	$	1,064	$	12,440
Capital expenditures	$	3,391	$	3,289	$	5,048	$	910	$	12,638

Stock-Based Compensation

3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Stock-Based Compensation

As of March 31, 2020, the Company had three types of stock-based compensation under the Company’s 2018 Long-Term Incentive Plan, (i) restricted stock awards (“RSA”) issued to directors, (ii) restricted stock units (“RSU”) issued to executive officers and other key employees and (iii) performance stock units (“PSU”), which are RSUs with performance requirements, issued to executive officers and other senior management. Stock-based compensation issued prior to the Company’s IPO was subject to a dual vesting requirement, one of which was the time vesting component and the other was the consummation of a specified transaction, which included an initial public offering. As the IPO occurred on February 9, 2018, there was no stock-based compensation expense recognized in periods prior to the IPO. The stock-based compensation awards and units are classified as equity awards as they are settled in shares of QES common stock.

The following table summarizes stock-based compensation costs for the three months ended March 31, 2020 and 2019 (in thousands of U.S. dollars):



	Three Months Ended March 31,
	2020		2019
Restricted stock awards	$	175	$	166
Restricted stock units	1,809		2,131
Performance stock units	487		454
Stock-based compensation expense	$	2,471	$	2,751

i. Restricted Stock Awards

In January 2020, the Company’s Compensation Committee of the Board of Directors approved the issuance of RSAs to the Company’s non-executive directors. During the first quarter 2020, we granted 230,769 RSAs, which had a grant date fair value of $2.60 per share. The stock awards fully vest in February 2021.

In January 2019, the Company's Compensation Committee of the Board of Directors approved the issuance of RSAs to the Company's non-executive directors. During the first quarter 2019, we granted 140,844 RSAs, which had a grant date fair value of $4.26 per share. The stock awards fully vested in February 2020.

In March 2018, the Company’s Compensation Committee of the Board of Directors approved the issuance of RSAs to the Company’s non-executive directors. During the second quarter 2018, we granted 57,145 RSAs, which had a grant date fair value of $8.75 per share. The stock awards fully vested in February 2019.

The Company recognized these RSAs at fair value based on the closing price of the Company’s common stock on the date of grant. The compensation expense associated with these RSAs will be amortized into income on a straight-line basis over the vesting period.

As of March 31, 2020 and 2019, the total unamortized compensation costs related to the non-executive RSAs was $0.5 million and zero, which the Company expects to recognize over the remaining vesting period of 0.9 years.

ii. Restricted Stock Units

During the first quarter 2020, executive officers and key employees were granted a total of 900,597 RSUs, net of forfeitures, under the 2018 Long-Term Incentive Plan. These RSUs vest ratably over a three-year service condition with one-third vesting on each anniversary of the RSU’s grant date provided that the employee remains employed by the Company at the applicable vesting date.

During the first quarter 2019, executive officers and key employees were granted a total of 897,967 RSUs, net of forfeitures, under the 2018 Long-Term Incentive Plan. These RSUs vest ratably over a three-year service condition with one-third vesting on each anniversary of the RSU’s grant date provided that the employee remains employed by the Company at the applicable vesting date.

During the second quarter 2018, executive officers and key employees were granted a total of 476,042 RSUs, net of forfeitures, under the 2018 Long-Term Incentive Plan. These RSUs vest ratably over a three-year service condition with one-third vesting on each anniversary of the Company’s IPO provided that the employee remains employed by the Company at the applicable vesting date.

The Company recognized these RSUs at fair value based on the closing price of the Company’s common stock on the date of grant. The compensation expense associated with these RSUs will be amortized into income on a straight-line basis over the vesting period.

As of March 31, 2020 and 2019, total unamortized compensation cost related to unvested restricted stock units was $9.1 million and $18.3 million, respectively, which the Company expects to recognize over the remaining weighted-average period of 2.08 years.

A summary of the status and changes during the three months ended March 31, 2020 of the Company’s shares of non-vested RSUs is as follows:



	Number of Shares (in thousands)	Grant Date Fair Value per Share		Weighted Average Remaining Life (in years)
Outstanding at December 31, 2019:	1,589	$	11.53	1.60
Granted	901	2.60		2.81
Forfeited	28	—		—
Vested	645	—		—
Outstanding at March 31, 2020:	1,817	$	8.30	2.04

iii. Performance Stock Units

During the first quarter 2020, executive officers and senior management were awarded a total of 941,171 PSUs under the 2018 Long-Term Incentive Plan. The 2020 PSUs are equally divided into two parts, each part is subject to both a performance and service requirement. Under current accounting guidance, the first part of 470,585 PSUs which is subject to a relative total stockholder return performance requirement (the "2020 R-TSR PSUs"), to be measured as of December 31, 2019, and a service requirement are accounted for as being granted. The second part of 470,586 PSUs, were awarded but are not yet considered granted, as these PSUs remain subject to the performance of management and the Company during the period between January 1, 2020 and December 31, 2020 as to be determined by the Board’s Compensation Committee. Any PSUs that have not been earned at the end of a performance period will be forfeited. Should the grantee satisfy the service requirement applicable to such earned performance share unit, vesting shall occur in equal installments on the anniversary of the Company's IPO in 2021, 2022 and 2023.

During the first quarter 2019, executive officers and senior management were awarded a total of 646,966 PSUs under the 2018 Long-Term Incentive Plan. The 2019 PSUs were split equally into two parts, each part representing 323,483 PSUs. The first part of 323,483 PSUs was subject to a relative total stockholder return performance requirement to be measured as of December 31, 2019, and a service requirement (the "2019 R-TSR PSUs"). Under current accounting guidance, the 2019 R-TSR PSUs were accounted for as being granted. The second part of 323,483 PSUs, which were awarded but were not yet considered granted, (the "2019 Discretionary PSUs") were based on the performance of management and the Company during the period between January 1, 2019 and December 31, 2019 as determined by the Board’s Compensation Committee. In addition to forfeitures from employee terminations during 2019, any PSUs that were not earned at the end of the performance period were forfeited. Allowing for the various forfeitures to date, the remaining earned 2019 PSUs, should the grantee satisfy the applicable service requirement, shall vest in equal installments on the anniversary of the Company’s IPO in 2020, 2021 and 2022.

During the second quarter 2018, executive officers and senior management were granted a total of 425,083 PSUs under the 2018 Long-Term Incentive Plan. The PSUs were subject to both a performance and service requirement. The PSUs required the achievement of a certain performance as measured on December 31, 2018, based on (i) the Company’s performance with respect to relative total stockholder return and (ii) the Company’s performance with respect to absolute total stockholder return. Any PSUs that were not earned at the end of the performance period were forfeited. The remaining earned 2018 PSUs, should the grantee satisfy the applicable service requirement, shall vest in equal installments on the first three anniversaries of the Company’s IPO.

The Company recognized the 2019 R-TSR PSUs deemed granted in 2019 and the 2020 R-TSR PSUs deemed granted in 2020 at their fair values determined using the Monte Carlo simulation model. The compensation expense associated with these PSUs will be amortized on a graded straight line basis over the vesting period.

In January 2020, 184,678 of the 2019 Discretionary PSUs were granted when the Board's Compensation Committee unanimously approved an achievement of 80.0% of the overall awarded 2019 Discretionary PSUs. In addition to the achievement approval, the Compensation Committee approved a motion to cash settle the Discretionary PSUs over a three-year vesting schedule per the grant’s original terms. No equity shares were issued.

These earned 2019 Discretionary PSUs are amortized on a straight line basis over the remaining vesting period, based on the QES stock price on each vesting date, and recorded to stock based compensation expense on the income statement. The 2019 Discretionary PSUs are treated as liability awards since they are settled in cash.

As of March 31, 2020 and 2019, the total unamortized compensation cost related to unvested PSUs was $1.8 million and $2.3 million, respectively. The Company expects to recognize the expense over the remaining weighted-average period of 2.53 years.

A summary of the outstanding PSUs for the three months ended March 31, 2020 is as follows:



	Number of Shares (in thousands)	Grant Date Fair Value per Share		Weighted Average Remaining Life (in years)
Outstanding at December 31, 2019	315	$	4.84	1.91
Granted	471	2.96		2.81
Forfeited	2	—		—
Vested	134	—		—
Outstanding at March 31, 2020	650	$	3.71	2.45

Loss Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Loss Per Share

Basic loss per share (“EPS”) is based on the weighted average number of common shares outstanding during the period. A reconciliation of the number of shares used for the basic EPS computation is as follows (in thousands, except per share amounts):



	Three Months Ended March 31,
	2020			2019
Numerator:
Net loss attributed to common share holders	$	(20,725	)	$	(8,861	)
Denominator:
Weighted average common shares outstanding - basic	33,563			33,685
Weighted average common shares outstanding - diluted	33,563			33,685
Net loss per common share:
Basic	$	(0.62	)	$	(0.26	)
Diluted	$	(0.62	)	$	(0.26	)
Potentially dilutive securities excluded as anti-dilutive ¹	2,698			2,492

¹The Company’s potentially dilutive securities include outstanding RSAs, RSUs and PSUs.

Subsequent Event	3 Months Ended
Subsequent Event	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Event	SUBSEQUENT EVENTS Merger Agreement On May 3, 2020, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which an indirect wholly owned subsidiary of KLX Energy Services Holdings, Inc., a Delaware corporation (“KLXE”), will merge with and into QES, in an all-stock merger transaction (the "Merger"). QES will continue as the surviving corporation and become an indirect wholly owned subsidiary of KLXE. Upon closing of the merger, KLXE stockholders will own approximately 59% and QES stockholders will own approximately 41% of the combined company. Upon the terms and subject to the conditions set forth in the Merger Agreement, each issued and outstanding share of QES common stock, par value $0.01 per share (the “QES Common Stock”), will automatically be converted into the right to receive 0.4844 shares of KLXE common stock (the “Exchange Ratio”), par value $0.01 per share (the “KLXE Common Stock”). QES RSUs held by employees and executive officers will automatically be converted into RSU awards with respect to shares of KLXE Common Stock based on the Exchange Ratio, in the manner set forth in the Merger Agreement. RSUs held by non-executive directors will vest at the closing of the Merger in accordance with the terms of the underlying award agreements and will be canceled in exchange for shares of KLXE Common Stock based on the Exchange Ratio. Holders of QES Common Stock will receive cash in lieu of any fractional shares of KLXE Common Stock they would otherwise be entitled to receive. The Merger is intended to be treated for United States federal income tax purposes (i) with respect to the holders of shares of QES Common Stock, as a taxable sale of such shares to Krypton Intermediate LLC, a Delaware limited liability company and an indirect wholly owned subsidiary of KLXE (“Acquiror”) and (ii) with respect to KLXE, as a purchase of the shares of QES Common Stock from the holders of such shares by Acquiror. Following the closing of the Merger, the KLXE Common Stock will continue to be listed on the Nasdaq Global Select Market (“Nasdaq”). Conditions to Close and Covenants The Merger Agreement provides that KLXE will, prior to or concurrently with the closing of the Merger, repay in full our ABL Facility. The consummation of the Merger is subject to customary closing conditions, including (i) the adoption of the Merger Agreement by QES stockholders and approval of the issuance of KLXE Common Stock in connection with the Merger by KLXE stockholders, (ii) the absence of certain legal impediments, (iii) the approval for listing of KLXE Common Stock issuable in the Merger on Nasdaq and (iv) the effectiveness of the registration statement on Form S-4, pursuant to which the shares of KLXE Common Stock issuable in the Merger will be registered with the SEC. The parties have made customary representations, warranties and covenants in the Merger Agreement, including, among others, covenants regarding (i) the conduct of their respective businesses during the period between signing and closing, (ii) obligations to convene and hold meetings of their respective stockholders to obtain the required stockholder approvals and (iii) obligations to cooperate with each other to prepare and file a registration statement on Form S-4 and joint proxy statement with the SEC. Termination Fees If the Merger Agreement is terminated in certain circumstances, KLXE or QES may be required to pay a termination fee of $3 million to the other party and reimburse the other party for its expenses of up to $1.5 million. If the Merger Agreement is terminated by QES or KLXE due to the failure of either party’s stockholders to approve the Merger under certain circumstances, then the party who failed to obtain such stockholder approval may be required to reimburse the other party for up to $1.5 million of expenses, but such party will not be required to pay a termination fee. Repurchase Program Our $6.0 million common stock repurchase program approved by the Board on August 8, 2018, was suspended during May of 2020. As of May 1, 2020, the Company had purchased 1.1 million shares for an aggregate of $3.1 million over the life of this program. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On April 27, 2020, the Company was notified by the NYSE that the average closing price of the Company’s shares of common stock, par value $0.01 per share (the “Common Stock”), had fallen below $1.00 per share over a period of 30 consecutive trading days, which is the minimum average closing price required to maintain continued listing on the NYSE under Section 802.01C of the NYSE Listed Company Manual. Under the NYSE’s rules, the Company has a period of six months following the receipt of the notice to regain compliance with the minimum share price requirement. However, due to unprecedented market-wide declines as a result of the spread of COVID-19, on April 21, 2020, the SEC approved the NYSE proposal to toll the cure period for the minimum share price requirement through June 30, 2020. Consequently, the Company has a period of six months, beginning on July 1, 2020, to regain compliance with the minimum share price requirement. To regain compliance, on the last trading day in any calendar month during the cure period, the Common Stock must have (i) a closing price of at least $1.00 per share and (ii) an average closing price of at least $1.00 per share over the 30 trading day period ending on the last trading day of such month. The Company intends to consider all available options to cure the deficiency and regain compliance. The notice does not affect the Company’s ongoing business operations or its reporting requirements with the SEC.

Organization and Nature of Operations, Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying interim unaudited condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). These interim unaudited condensed consolidated financial accounts include all QES accounts and all of our subsidiaries where we exercise control. All inter-company transactions and account balances have been eliminated upon consolidation. The accompanying interim unaudited condensed consolidated financial statements have not been audited by the Company’s independent registered public accounting firm, except that the Consolidated Balance Sheet at December 31, 2019, is derived from previously audited consolidated financial statements. In the opinion of management, all material adjustments, consisting of normal recurring adjustments, necessary for fair statement have been included. These interim condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for interim financial information. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. Therefore, these interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 (“2019 Annual Report”) filed with the SEC on March 6, 2020. The operating results for interim periods are not necessarily indicative of results that may be expected for any other interim period or for the full year. There have been no material changes to the Company’s critical accounting policies or estimates from those disclosed in the 2019 Annual Report.
Segment Reporting	.
Accounting Pronouncements	Accounting Pronouncements Accounting Standard Adopted In June 2018, the Financial Accounting Standards Board ("FASB") issued ASU No. 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. This ASU is intended to simplify aspects of stock-based compensation issued to non-employees by making the guidance consistent with the accounting for employee stock-based compensation. The Company adopted ASU No. 2018-07 effective January 1, 2020 and the adoption did not have a material impact to the condensed consolidated financial statements. Accounting Standard Update Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("Topic 326"). This ASU is intended to update the measurement of credit losses on financial instruments. This update improves financial reporting by requiring earlier recognition of credit losses on financing receivables and other financial assets in scope by using the Current Expected Credit Losses model ("CECL"). This guidance is effective for interim and annual periods beginning after December 15, 2022, with early adoption permitted. The new accounting standard introduces the CECL methodology for estimating allowances for credit losses. QES is an oil field service company and as of the three months ended March 31, 2020 had a third-party accounts receivable balance, net of allowance for doubtful accounts, of $59.0 million. Topic 326 will not have a material impact on our consolidated balance sheets or our consolidated income statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This ASU is intended to simplify aspects of income tax approach for intraperiod tax allocations when there is a loss from continuing operations and income or a gain from other items, and to provide a general methodology for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. Topic 740 will also provide guidance to simplify how an entity recognizes a franchise tax (or similar tax) that is partially based on income as an income-based tax and account for any incremental amount incurred as a non-income-based tax, evaluations of when step ups in the tax basis of goodwill should be considered part of the business combination. Companies should also reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. The guidance is effective for the Company for the fiscal year beginning January 1, 2021. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This ASU provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting and, particularly, the risk of cessation of the London Interbank Offered Rate (LIBOR). The amendments in this ASU are elective and apply to all entities, subject to meeting certain criteria, that have contracts, hedging relationships, and transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The expedients and exceptions provided by the amendments in this ASU are effective for all entities, if elected, through December 31, 2022. While the exact impact of this standard is not known, the guidance is not expected to have a material impact on the Company’s condensed consolidated financial statements.

Impairment (Tables)

3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment [Abstract]

Schedule of Impairments and Other Charges



	Pressure Pumping		Pressure Control		Wireline		Three Months Ended March 31, 2020
Property, plant and equipment	$	2,191	$	4,182	$	1,297	$	7,670
Operating lease right of use assets	47		206		286		539
Finance lease right of use assets	311		727		26		1,064
Total impairment	$	2,549	$	5,115	$	1,609	$	9,273

Inventories (Tables)

3 Months Ended

Mar. 31, 2020

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories consisted of the following (in thousands of U.S. dollars):



	March 31, 2020		December 31, 2019
Inventories:
Consumables and materials	$	4,696	$	4,968
Spare parts	18,750		16,633
Total Inventories	$	23,446	$	21,601

Accrued Liabilities (Tables)

3 Months Ended

Mar. 31, 2020

Payables and Accruals [Abstract]

Schedule of Accrued Liabilities

Accrued liabilities consist of the following (in thousands of U.S. dollars):



	March 31, 2020		December 31, 2019
Current accrued liabilities:
Accrued payables	$	9,001	$	7,985
Payroll and payroll taxes	5,746		7,665
Bonus	403		3,147
Workers compensation insurance premiums	1,291		1,328
Sales tax	673		1,813
Ad valorem tax	741		648
Health insurance claims	1,029		1,010
Other accrued liabilities	4,359		5,925
Total accrued liabilities	$	23,243	$	29,521

Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Transactions with Related Parties

At March 31, 2020 and 2019 QES had the following transactions with related parties (in thousands of U.S. dollars):



	March 31, 2020		December 31, 2019
Accounts payable to affiliates of Quintana Capital Group, L.P.	$	133	$	23
Accounts payable to affiliates of Archer Well Company Inc.	$	22	$	21



	Three Months Ended March 31,
	2020		2019
Operating expenses from affiliates of Quintana Capital Group, L.P.	$	158	$	172
Operating expenses from affiliates of Archer Well Company Inc.	$	1	$	4

Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of Reconciliation of Segment Adjusted EBITDA to Net Loss

The following table presents a reconciliation of Segment Adjusted EBITDA to net (loss) income (in thousands of U.S. dollars):



	Three Months Ended March 31,
	2020			2019
Segment Adjusted EBITDA:
Directional Drilling	$	5,490		$	9,480
Pressure Pumping	959			(3,504		)
Pressure Control	(191		)	3,241
Wireline	(1,678		)	2,064
Corporate and Other	(5,355		)	(6,877		)
Impairment	(9,273		)	—
Income tax expense	(80		)	(177		)
Interest expense	(729		)	(671		)
Depreciation and amortization	(9,894		)	(12,440		)
Gain on disposition of assets	26			23
Net loss	$	(20,725	)	$	(8,861	)

Schedule of Financial Information Related to Assets Position

Financial information related to the Company’s total assets position as of March 31, 2020 and December 31, 2019, by segment, is as follows (in thousands of U.S. dollars):



	March 31, 2020		December 31, 2019
Directional Drilling	$	93,433	$	99,456
Pressure Pumping	42,321		45,875
Pressure Control	54,581		67,685
Wireline	17,854		21,304
Total	$	208,189	$	234,320
Corporate & Other	20,164		6,209
Total assets	$	228,353	$	240,529

Schedule of Financial Information with Respect to Reportable Segments



	Three Months Ended March 31, 2020
	Directional Drilling		Pressure Pumping		Pressure Control		Wireline		Total
Revenues	$	50,248	$	16,149	$	19,041	$	7,363	$	92,801
Depreciation and amortization	$	3,017	$	2,822	$	3,258	$	797	$	9,894
Capital expenditures	$	4,441	$	249	$	1,944	$	101	$	6,735

	Three Months Ended March 31, 2019
	Directional Drilling		Pressure Pumping		Pressure Control		Wireline		Total
Revenues	$	61,956	$	28,631	$	28,775	$	22,303	$	141,665
Depreciation and amortization	$	2,966	$	5,478	$	2,932	$	1,064	$	12,440
Capital expenditures	$	3,391	$	3,289	$	5,048	$	910	$	12,638

Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Costs

The following table summarizes stock-based compensation costs for the three months ended March 31, 2020 and 2019 (in thousands of U.S. dollars):



	Three Months Ended March 31,
	2020		2019
Restricted stock awards	$	175	$	166
Restricted stock units	1,809		2,131
Performance stock units	487		454
Stock-based compensation expense	$	2,471	$	2,751

Schedule of Status and Changes of Non-vested RSUs

A summary of the status and changes during the three months ended March 31, 2020 of the Company’s shares of non-vested RSUs is as follows:



	Number of Shares (in thousands)	Grant Date Fair Value per Share		Weighted Average Remaining Life (in years)
Outstanding at December 31, 2019:	1,589	$	11.53	1.60
Granted	901	2.60		2.81
Forfeited	28	—		—
Vested	645	—		—
Outstanding at March 31, 2020:	1,817	$	8.30	2.04

Schedule of Status and Changes of Outstanding PSUs

A summary of the outstanding PSUs for the three months ended March 31, 2020 is as follows:



	Number of Shares (in thousands)	Grant Date Fair Value per Share		Weighted Average Remaining Life (in years)
Outstanding at December 31, 2019	315	$	4.84	1.91
Granted	471	2.96		2.81
Forfeited	2	—		—
Vested	134	—		—
Outstanding at March 31, 2020	650	$	3.71	2.45

Loss Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Schedule of Reconciliation of Number of Shares Used for the Basic EPS Computation

A reconciliation of the number of shares used for the basic EPS computation is as follows (in thousands, except per share amounts):



	Three Months Ended March 31,
	2020			2019
Numerator:
Net loss attributed to common share holders	$	(20,725	)	$	(8,861	)
Denominator:
Weighted average common shares outstanding - basic	33,563			33,685
Weighted average common shares outstanding - diluted	33,563			33,685
Net loss per common share:
Basic	$	(0.62	)	$	(0.26	)
Diluted	$	(0.62	)	$	(0.26	)
Potentially dilutive securities excluded as anti-dilutive ¹	2,698			2,492

Organization and Nature of Operations, Basis of Presentation and Significant Accounting Policies - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020 USD ($) Segment	Dec. 31, 2019 USD ($)
Accounting Policies [Abstract]
Number of reportable segments \| Segment	4
Accounts receivable \| $	$ 58,980	$ 66,309

Impairment - Schedule of Impairments and Other Charges (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 7,670,000
Operating lease right of use assets	539,000
Finance lease right of use assets	1,064,000
Impairment expense	9,273,000	$ 0
Operating Segments \| Pressure Pumping
Property, Plant and Equipment [Line Items]
Property, plant and equipment	2,191,000
Operating lease right of use assets	47,000
Finance lease right of use assets	311,000
Operating Segments \| Pressure Control
Property, Plant and Equipment [Line Items]
Property, plant and equipment	4,182,000
Operating lease right of use assets	206,000
Finance lease right of use assets	727,000
Operating Segments \| Wireline
Property, Plant and Equipment [Line Items]
Property, plant and equipment	1,297,000
Operating lease right of use assets	286,000
Finance lease right of use assets	$ 26,000

Inventories - Summary (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Consumables and materials	$ 4,696	$ 4,968
Spare parts	18,750	16,633
Total Inventories	$ 23,446	$ 21,601

Accrued Liabilities - Summary (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current accrued liabilities:
Accrued payables	$ 9,001	$ 7,985
Payroll and payroll taxes	5,746	7,665
Bonus	403	3,147
Workers compensation insurance premiums	1,291	1,328
Sales tax	673	1,813
Ad valorem tax	741	648
Health insurance claims	1,029	1,010
Other accrued liabilities	4,359	5,925
Total accrued liabilities	$ 23,243	$ 29,521

Long-Term Debt - Narrative (Details)		3 Months Ended
Long-Term Debt - Narrative (Details)	Feb. 13, 2018 USD ($)	Mar. 31, 2020 USD ($) d	Dec. 31, 2019 USD ($)
Debt Instrument [Line Items]
Remaining borrowing capacity			$ 56,100,000
Cash and cash equivalents		$ 23,180,000	$ 14,730,000
Letters of credit outstanding		2,800,000
New ABL Facility
Debt Instrument [Line Items]
Term of debt instrument	5 years
Maximum borrowing facility	$ 100,000,000
Remaining borrowing capacity	77,600,000	21,200,000
Term Loan	$ 13,000,000	$ 32,000,000
Loan interest rate on borrowings outstanding (as a percent)		3.50%
Total liquidity position		$ 44,400,000
Minimum fixed charge coverage ratio		1
Threshold consecutive days \| d		30

Income Taxes - Narrative (Details) - USD ($)	3 Months Ended
Income Taxes - Narrative (Details) - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Tax rate (as a percent)	(0.40%)	(2.00%)
Accrued liability for uncertain tax positions	$ 0

Related Party Transactions - Summary (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Quintana Capital Group
Related Party Transaction [Line Items]
Accounts payable to affiliates	$ 133		$ 23
Operating expenses from affiliates	158	$ 172
Archer Well Company Inc.
Related Party Transaction [Line Items]
Accounts payable to affiliates	22		$ 21
Operating expenses from affiliates	$ 1	$ 4

Segment Information - Narrative (Details)	3 Months Ended
Segment Information - Narrative (Details)	Mar. 31, 2020 Segment
Segment Reporting [Abstract]
Number of reportable segments	4

Segment Information - Reconciliation of Segment Adjusted EBITDA to Net Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting, Revenue Reconciling Item [Line Items]
Impairment	$ (9,273)	$ 0
Income tax expense	(80)	(177)
Interest expense	(729)	(671)
Depreciation and amortization	(9,894)	(12,440)
Gain on disposition of assets	26	23
Net loss	(20,725)	(8,861)
Directional Drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Depreciation and amortization	(3,017)	(2,966)
Pressure Pumping
Segment Reporting, Revenue Reconciling Item [Line Items]
Depreciation and amortization	(2,822)	(5,478)
Pressure Control
Segment Reporting, Revenue Reconciling Item [Line Items]
Depreciation and amortization	(3,258)	(2,932)
Wireline
Segment Reporting, Revenue Reconciling Item [Line Items]
Depreciation and amortization	(797)	(1,064)
Operating Segments \| Directional Drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Segment Adjusted EBITDA	5,490	9,480
Operating Segments \| Pressure Pumping
Segment Reporting, Revenue Reconciling Item [Line Items]
Segment Adjusted EBITDA	959	(3,504)
Impairment	(2,549)
Operating Segments \| Pressure Control
Segment Reporting, Revenue Reconciling Item [Line Items]
Segment Adjusted EBITDA	(191)	3,241
Impairment	(5,115)
Operating Segments \| Wireline
Segment Reporting, Revenue Reconciling Item [Line Items]
Segment Adjusted EBITDA	(1,678)	2,064
Impairment	(1,609)
Corporate and Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Segment Adjusted EBITDA	$ (5,355)	$ (6,877)

Segment Information - Financial Information Related to Assets Position (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Segment Reporting, Revenue Reconciling Item [Line Items]
Total assets	$ 228,353	$ 240,529
Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Total assets	208,189	234,320
Operating Segments \| Directional Drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Total assets	93,433	99,456
Operating Segments \| Pressure Pumping
Segment Reporting, Revenue Reconciling Item [Line Items]
Total assets	42,321	45,875
Operating Segments \| Pressure Control
Segment Reporting, Revenue Reconciling Item [Line Items]
Total assets	54,581	67,685
Operating Segments \| Wireline
Segment Reporting, Revenue Reconciling Item [Line Items]
Total assets	17,854	21,304
Corporate and Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total assets	$ 20,164	$ 6,209

Segment Information - Financial Information with Respect to Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 92,801	$ 141,665
Depreciation and amortization	9,894	12,440
Capital expenditures	6,735	12,638
Directional Drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	50,248	61,956
Depreciation and amortization	3,017	2,966
Capital expenditures	4,441	3,391
Pressure Pumping
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	16,149	28,631
Depreciation and amortization	2,822	5,478
Capital expenditures	249	3,289
Pressure Control
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	19,041	28,775
Depreciation and amortization	3,258	2,932
Capital expenditures	1,944	5,048
Wireline
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	7,363	22,303
Depreciation and amortization	797	1,064
Capital expenditures	$ 101	$ 910

Stock-Based Compensation - Compensation Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 2,471	$ 2,751
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	175	166
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	1,809	2,131
Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 487	$ 454

Stock-Based Compensation - Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended			12 Months Ended
	Jan. 31, 2020	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2018	Dec. 31, 2019
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (shares)		230,769	140,844	57,145
Fair value of grants (USD per share)		$ 2.60	$ 4.26	$ 8.75
Restricted stock awards \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized compensation costs		$ 500,000	$ 0
Award vesting period		11 months
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (shares)		900,597	897,967	476,042
Fair value of grants (USD per share)		$ 8.30			$ 11.53
Unamortized compensation costs		$ 9,100,000	$ 18,300,000
Award vesting period		3 years	3 years	3 years
Recognition period		2 years 30 days
Number of awards forfeited during period (shares)		28,000
Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (shares)		471,000
Fair value of grants (USD per share)		$ 3.71			$ 4.84
Unamortized compensation costs		$ 1,800,000	$ 2,300,000
Award vesting period		2 years 6 months 10 days
Number of awards forfeited during period (shares)		2,000
Discretionary performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (shares)	185,000
Award vesting period	3 years
Achievement of awarded units	80.00%
Equity shares issued	0
2018 \| Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (shares)		470,585		425,083
Number of awards awarded during period (shares)		941,171	646,966
Number of awards awarded but not yet considered granted in period (shares)		470,586			323,483
2018 \| 2019 R-TSR PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards awarded but not yet considered granted in period (shares)					323,483
2018 \| 2019 Discretionary PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards awarded but not yet considered granted in period (shares)					323,483
Year 1 \| 2018 \| Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage		33.00%		33.00%
Year 2 \| 2018 \| Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage		33.00%		33.00%
Year 3 \| 2018 \| Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage		33.00%		33.00%

Stock-Based Compensation - Status and Changes of Non-vested RSUs and PSUs (Details) - $ / shares			3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2018
Restricted stock units
Number of Shares (in thousands)
Balance at beginning of period (shares)			1,589,000
Granted (shares)			900,597	897,967	476,042
Forfeited (shares)			28,000
Vested (shares)			645,000
Balance at end of period (shares)	1,817,000	1,589,000	1,817,000
Grant Date Fair Value per Share
Outstanding at beginning of period (USD per share)			$ 11.53
Granted (USD per share)			2.60
Forfeited (USD per share)			0.00
Vested (USD per share)			0.00
Outstanding at end of period (USD per share)	$ 8.30	$ 11.53	$ 8.30
Weighted Average Remaining Life (in years)
Outstanding at beginning of period	2 years 15 days	1 year 7 months 5 days	2 years 9 months 22 days
Outstanding at end of period	2 years 15 days	1 year 7 months 5 days	2 years 9 months 22 days
Performance stock units
Number of Shares (in thousands)
Balance at beginning of period (shares)			315,000
Granted (shares)			471,000
Forfeited (shares)			2,000
Vested (shares)			134,000
Balance at end of period (shares)	650,000	315,000	650,000
Grant Date Fair Value per Share
Outstanding at beginning of period (USD per share)			$ 4.84
Granted (USD per share)			2.96
Forfeited (USD per share)			0.00
Vested (USD per share)			0.00
Outstanding at end of period (USD per share)	$ 3.71	$ 4.84	$ 3.71
Weighted Average Remaining Life (in years)
Outstanding at beginning of period	2 years 5 months 12 days	1 year 10 months 28 days	2 years 9 months 22 days
Outstanding at end of period	2 years 5 months 12 days	1 year 10 months 28 days	2 years 9 months 22 days

Loss Per Share - Reconciliation of Number of Shares Used for the Basic EPS Computation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Numerator:
Net loss attributed to common share holders	$ (20,725)	$ (8,861)
Denominator:
Weighted average common shares outstanding - basic (shares)	33,563,000	33,685,000
Weighted average common shares outstanding - diluted (shares)	33,563,000	33,685,000
Net loss per common share:
Basic (USD per share)	$ (0.62)	$ (0.26)
Diluted (USD per share)	$ (0.62)	$ (0.26)
Potentially dilutive securities excluded as anti-dilutive	2,698	2,492

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

Subsequent Event (Details) $ / shares in Units, shares in Millions			3 Months Ended
	May 03, 2020 USD ($) $ / shares	May 01, 2020 USD ($) shares	Mar. 31, 2020 USD ($) $ / shares	Mar. 31, 2019 USD ($)	Apr. 27, 2020 d $ / shares	Dec. 31, 2019 $ / shares
Subsequent Event [Line Items]
Common shares, par value (USD per share) \| $ / shares			$ 0.01			$ 0.01
Stock buyback plan activity			$ 415,000	$ 486,000
Subsequent Event
Subsequent Event [Line Items]
Common shares, par value (USD per share) \| $ / shares					$ 0.01
Minimum average stock closing price \| $ / shares					$ 1.00
Consecutive trading days threshold \| d					30
Trading days threshold \| d					30
Subsequent Event \| Merger Agreement
Subsequent Event [Line Items]
Voting interests	41.00%
Common shares, par value (USD per share) \| $ / shares	$ 0.01
Exchange ratio	0.4844
Termination fees	$ 3,000,000
Termination expense reimbursement	$ 1,500,000
Subsequent Event \| 2018 Stock Repurchase Program
Subsequent Event [Line Items]
Authorized amount of repurchase program		$ 6,000,000.0
Stock buyback plan activity (shares) \| shares		1.1
Stock buyback plan activity		$ 3,100,000
Subsequent Event \| KLXE \| Merger Agreement
Subsequent Event [Line Items]
Voting interests	59.00%