XML 68 R48.htm IDEA: XBRL DOCUMENT

SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

SEGMENT INFORMATION

Summary of financial information by segment


		For the year ended December 31, 2024

		Water Infrastructure			Water Services			Chemical Technologies			Other			Eliminations			Totals
Revenue		$	293,862		$	910,479		$	260,840		$	-		$	(13,106)		$	1,452,075
Costs of revenue excluding depreciation, amortization and accretion			(148,772)			(721,205)			(222,195)			-			13,106			(1,079,066)
Depreciation, amortization and accretion			(65,092)			(81,119)			(7,332)			(3,404)						(156,947)
Selling general and administrative			(18,332)			(30,500)			(18,620)			(92,526)						(159,978)
Other⁽¹⁾			318			2,839			(484)			(2,774)						(101)

Net income																	$	35,450
Interest expense, net																		6,965
Tax expense																		13,568
Depreciation, amortization and accretion																		156,947
EBITDA		$	127,076		$	161,613		$	19,541		$	(95,300)					$	212,930

Capital expenditures		$	131,338		$	51,471		$	4,405		$	1,497					$	188,711
Total assets, end of period		$	652,870		$	523,545		$	136,658		$	53,209					$	1,366,282


		For the year ended December 31, 2023

		Water Infrastructure			Water Services			Chemical Technologies			Other			Eliminations			Totals
Revenue		$	235,290		$	1,036,393		$	323,541		$	-		$	(9,871)		$	1,585,353
Costs of revenue excluding depreciation, amortization and accretion			(142,849)			(819,536)			(262,364)			-			9,871			(1,214,878)
Depreciation, amortization and accretion			(37,295)			(91,347)			(10,171)			(2,276)						(141,089)
Selling general and administrative			(13,641)			(40,149)			(18,151)			(83,607)						(155,548)
Other⁽¹⁾			(597)			123			(10,943)			(39,005)						(50,422)

Net income																	$	79,219
Interest expense, net																		4,393
Tax expense																		(60,196)
Depreciation, amortization and accretion																		141,089
EBITDA		$	78,203		$	176,831		$	32,083		$	(122,612)					$	164,505

Capital expenditures		$	87,583		$	52,258		$	11,048		$	2,495					$	153,384
Total assets, end of period		$	364,587		$	629,815		$	152,437		$	71,351					$	1,218,190


		For the year ended December 31, 2022

		Water Infrastructure			Water Services			Chemical Technologies			Other			Eliminations			Totals
Revenue		$	130,422		$	947,599		$	318,280		$	-		$	(8,881)		$	1,387,420
Costs of revenue excluding depreciation, amortization and accretion			(85,488)			(769,935)			(266,616)			-			8,881			(1,113,158)
Depreciation, amortization and accretion			(21,564)			(82,919)			(9,024)			(2,209)						(115,716)
Selling general and administrative			(10,205)			(37,093)			(15,074)			(56,563)						(118,935)
Other⁽¹⁾			1,028			3,945			1,368			12,559						18,900

Net income																	$	54,854
Interest expense, net																		2,700
Tax expense																		957
Depreciation, amortization and accretion																		115,716
EBITDA		$	35,757		$	144,516		$	37,958		$	(44,004)					$	174,227

Capital expenditures		$	29,860		$	40,315		$	4,178		$	3,200					$	77,553

Revenue from External Customers by Products and Services


		For the year ended December 31,
		2024			2023			2022

		(in thousands)
Water transfer and monitoring		$	364,201		$	404,176		$	385,720
Chemical technologies			260,840			323,541			318,280
Fluids hauling			242,186			287,503			257,405
Water recycling and reuse			128,862			110,407			31,376
Fluids disposal			112,384			72,246			62,727
Flowback and well testing			84,780			112,887			123,825
Accommodations and rentals			78,729			83,326			75,878
Water sourcing			76,176			74,693			50,695
Water containment			63,037			75,326			56,591
Pipelines and logistics			27,410			41,095			32,000
Solids management			25,206			11,542			4,260
Eliminations and other service lines			(11,736)			(11,389)			(11,337)
		$	1,452,075		$	1,585,353		$	1,387,420