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v3.25.2

Industry Segments (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Financial Information of Segments | Summarized financial information concerning the business segments is as follows:
| Three Months Ended
| June 30, 2025
| Completion Fluids & Products |  | Water & Flowback Services |  | Corporate |  |  |  | Total
| (in thousands)
Revenue | $ | 109,445 |  |  | $ | 64,427 |  |  | $ | — |  |  |  |  | $ | 173,872 |
Cost of product sales and services | 62,594 |  |  | 53,752 |  |  | — |  |  |  |  | 116,346 |
Depreciation, amortization and accretion | 2,214 |  |  | 6,881 |  |  | 94 |  |  |  |  | 9,189 |
Impairments and other charges | — |  |  | 93 |  |  | — |  |  |  |  | 93 |
General and administrative expense | 6,900 |  |  | 4,815 |  |  | 13,544 |  |  |  |  | 25,259 |
Interest (income) expense, net | (302) |  |  | 13 |  |  | 4,483 |  |  |  |  | 4,194 |
Other (income) expense, net | (94) |  |  | 144 |  |  | (695) |  |  |  |  | (645) |
Net income (loss) before taxes | $ | 38,133 |  |  | $ | (1,271) |  |  | $ | (17,426) |  |  |  |  | $ | 19,436 |
Capital expenditures | $ | 13,671 |  |  | $ | 5,784 |  |  | $ | 32 |  |  |  |  | $ | 19,487 |
| Six Months Ended
| June 30, 2025
| Completion Fluids & Products |  | Water & Flowback Services |  | Corporate |  |  |  | Total
| (in thousands)
Revenue | $ | 202,462 |  |  | $ | 128,550 |  |  | $ | — |  |  |  |  | $ | 331,012 |
Cost of product sales and services | 116,909 |  |  | 104,002 |  |  | — |  |  |  |  | 220,911 |
Depreciation, amortization and accretion | 4,391 |  |  | 13,761 |  |  | 188 |  |  |  |  | 18,340 |
Impairments and other charges | — |  |  | 611 |  |  | — |  |  |  |  | 611 |
General and administrative expense | 13,583 |  |  | 10,550 |  |  | 25,260 |  |  |  |  | 49,393 |
Interest (income) expense, net | (417) |  |  | 6 |  |  | 9,329 |  |  |  |  | 8,918 |
Other (income) expense, net | (813) |  |  | 9,778 |  |  | (648) |  |  |  |  | 8,317 |
Net income (loss) before taxes | $ | 68,809 |  |  | $ | (10,158) |  |  | $ | (34,129) |  |  |  |  | $ | 24,522 |
Capital expenditures | $ | 27,514 |  |  | $ | 9,848 |  |  | $ | 81 |  |  |  |  | $ | 37,443 |
| June 30, 2025
Total assets | $ | 330,507 |  |  | $ | 165,795 |  |  | $ | 149,274 |  |  |  |  | $ | 645,576 |
| Three Months Ended
| June 30, 2024
| Completion Fluids & Products |  | Water & Flowback Services |  | Corporate |  |  |  | Total
| (in thousands)
Revenue | $ | 100,019 |  |  | $ | 71,916 |  |  | $ | — |  |  |  |  | $ | 171,935 |
Cost of product sales and services | 64,027 |  |  | 55,881 |  |  | — |  |  |  |  | 119,908 |
Depreciation, amortization and accretion | 2,361 |  |  | 6,329 |  |  | 84 |  |  |  |  | 8,774 |
General and administrative expense | 6,991 |  |  | 4,457 |  |  | 10,689 |  |  |  |  | 22,137 |
Interest (income) expense, net | (135) |  |  | 68 |  |  | 6,252 |  |  |  |  | 6,185 |
Other expense, net | 122 |  |  | 2,025 |  |  | 305 |  |  |  |  | 2,452 |
Net income (loss) before taxes | $ | 26,653 |  |  | $ | 3,156 |  |  | $ | (17,330) |  |  |  |  | $ | 12,479 |
Capital expenditures | $ | 10,160 |  |  | $ | 4,944 |  |  | $ | 288 |  |  |  |  | $ | 15,392 |
| Six Months Ended
| June 30, 2024
| Completion Fluids & Products |  | Water & Flowback Services |  | Corporate |  |  |  | Total
| (in thousands)
Revenue | $ | 177,301 |  |  | $ | 145,606 |  |  | $ | — |  |  |  |  | $ | 322,907 |
Cost of product sales and services | 112,491 |  |  | 118,531 |  |  | — |  |  |  |  | 231,022 |
Depreciation, amortization and accretion | 4,748 |  |  | 12,617 |  |  | 165 |  |  |  |  | 17,530 |
General and administrative expense | 13,684 |  |  | 8,961 |  |  | 21,790 |  |  |  |  | 44,435 |
Interest (income) expense, net | (404) |  |  | 144 |  |  | 12,397 |  |  |  |  | 12,137 |
Loss on debt extinguishment | — |  |  | — |  |  | 5,535 |  |  |  |  | 5,535 |
Other (income) expense, net | 337 |  |  | 1,476 |  |  | (3,339) |  |  |  |  | (1,526) |
Net income (loss) before taxes | $ | 46,445 |  |  | $ | 3,877 |  |  | $ | (36,548) |  |  |  |  | $ | 13,774 |
Capital expenditures | $ | 17,902 |  |  | $ | 12,952 |  |  | $ | 365 |  |  |  |  | $ | 31,219 |
| December 31, 2024
Total assets | $ | 290,788 |  |  | $ | 158,475 |  |  | $ | 155,932 |  |  |  |  | $ | 605,195 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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