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Revenue
9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue REVENUE
Revenue from Contracts with Customers

Our contract asset balances, primarily associated with contractual invoicing milestones and/or customer documentation requirements, were $22.4 million and $30.4 million as of September 30, 2025 and December 31, 2024, respectively. Contract assets, along with billed trade accounts receivable, are included in trade accounts receivable in our consolidated balance sheets.

Unearned income includes amounts in which the Company was contractually allowed to invoice prior to satisfying the associated performance obligations. Unearned income balances were $4.2 million and $0.4 million as of September 30, 2025 and December 31, 2024, respectively, and vary based on the timing of invoicing and performance obligations being met. Unearned income is included in accrued liabilities and other in our consolidated balance sheets. We recognized approximately $0.3 million and $0.2 million during the three and nine months ended September 30, 2025, respectively, and $3.4 million and $2.5 million of revenue during the three and nine months ended September 30, 2024, respectively, deferred in unearned income as of the beginning of the period. During the nine months ended September 30, 2025 and September 30, 2024, contract costs were not significant.

We disaggregate revenue from contracts with customers into Product Sales and Services within each segment, as noted in our two reportable segments in Note 9 - “Industry Segments.” In addition, we disaggregate revenue from contracts with customers by geography based on the following table below.
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
 (in thousands)
Completion Fluids & Products
United States$46,331 $33,363 $163,816 $116,361 
International43,933 31,768 128,910 126,071 
90,264 65,131 292,726 242,432 
Water & Flowback Services
United States53,820 59,808 164,608 185,283 
International
9,155 16,761 26,917 36,892 
62,975 76,569 191,525 222,175 
Total Revenue
United States100,151 93,171 328,424 301,644 
International
53,088 48,529 155,827 162,963 
$153,239 $141,700 $484,251 $464,607