Inventories

3 Months Ended

Mar. 31, 2026

Inventory Disclosure [Abstract]

Inventories

Inventories

The major components of inventories were as follows:

	March 31, 2026		December 31, 2025
Crude oil	$	17,868	$	33,665
NaHS	13,051		13,247
Caustic soda	8,305		8,454
Total	$	39,224	$	55,366

Inventories are valued at the lower of cost or net realizable value. There was no adjustment to the net realizable value of inventories as of March 31, 2026. As of December 31, 2025, the net realizable value of inventories was below cost by $0.7 million, which triggered a reduction of the value of inventory in our Consolidated Financial Statements by this amount.