Discontinued Operations

12 Months Ended

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

DISCONTINUED OPERATIONS

    On January 29, 2021, we entered into the Purchase and Sale Agreement with Spartan pursuant to which we sold the general partner of CSI Compressco, including the IDRs in CSI Compressco and approximately 23.1% of the outstanding limited partner interests in CSI Compressco. As a result of these transactions, we no longer consolidate CSI Compressco as of January 29, 2021. We recognized a primarily non-cash accounting gain of $120.1 million during the year ended December 31, 2021 related to the GP Sale. The gain, most of which was a function of CSI Compressco having a negative carrying value within our consolidated balance sheet due to our share of cumulative losses and distributions, is included in income (loss) from discontinued operations, net of taxes in our consolidated statement of operations. We also provided back-office support to CSI Compressco under a Transition Services Agreement until CSI Compressco completed a full separation from our back-office support functions during the first quarter of 2022. In the second quarter of 2022, we received $0.3 million from CSI Compressco for the sale of equipment. During the year ended December 31, 2022, we received $0.4 million from CSI Compressco for services provided under the Transition Services Agreement and distributions, and paid less than $0.1 million to CSI Compressco for reimbursement of expenses. During the year ended December 31, 2021, we received $7.0 million from CSI Compressco for services provided under the Transition Services Agreement, distributions and other reimbursements and paid $0.5 million to CSI Compressco for reimbursement of expenses. Our interest in CSI Compressco and the general partner represented substantially all of our Compression Division. A summary of financial information related to our discontinued operations is as follows:

Reconciliation of the Line Items Constituting Pretax Loss from Discontinued Operations to the After-Tax Loss from Discontinued Operations

(In Thousands)

	Year Ended
	December 31, 2022
	Offshore Services		Maritech		Total
General and administrative expense	$	31	$	—	$	31
Other expense, net	—		(226)		(226)
Pretax income (loss) from discontinued operations	$	(31)	$	226	195
Income from discontinued operations attributable to TETRA stockholders					$	195

	Year Ended
	December 31, 2021
	Compression		Offshore Services		Total
Revenue	$	18,968	$	—	$	18,968
Cost of revenues	11,471		(142)		11,329
General and administrative expense	2,766		(179)		2,587
Interest expense, net	4,336		—		4,336
Other expense, net	164		252		416
Pretax income from discontinued operations	$	231	$	69	300
Pretax income on disposal of discontinued operations					120,137
Total pretax income from discontinued operations					120,437
Income tax provision					30
Income from discontinued operations					120,407
Income from discontinued operations attributable to noncontrolling interest					(333)
Income from discontinued operations attributable to TETRA stockholders					$	120,074

	Year Ended
	December 31, 2020
	Compression		Offshore Services		Total
Revenue	$	338,246	$	—	$	338,246
Cost of revenues	212,253		(330)		211,923
Depreciation, amortization, and accretion	80,533		—		80,533
Impairments and other charges	20,841		—		20,841
General and administrative expense	37,895		473		38,368
Interest expense, net	52,771		—		52,771
Other expense, net	2,688		—		2,688
Pretax loss from discontinued operations	$	(68,735)	$	(143)	(68,878)
Income tax provision					3,211
Loss from discontinued operations					(72,089)
Loss from discontinued operations attributable to noncontrolling interest					47,898
Loss from discontinued operations attributable to TETRA stockholders					$	(24,191)

Reconciliation of Major Classes of Assets and Liabilities of the Discontinued Operations to Amounts Presented Separately in the Statement of Financial Position

(In Thousands)

	December 31, 2022
	Offshore Services		Maritech		Total
Carrying amounts of major classes of liabilities included as part of discontinued operations
Trade payables	$	319	$	—	$	319
Accrued liabilities and other	506		95		601
Total liabilities associated with discontinued operations	$	825	$	95	$	920

	December 31, 2021
	Offshore Services		Maritech		Total
Carrying amounts of major classes of liabilities included as part of discontinued operations
Trade payables	$	1,157	$	—	$	1,157
Accrued liabilities and other	—		228		228
Total liabilities associated with discontinued operations	$	1,157	$	228	$	1,385

See Note 11 - “Commitments and Contingencies” for further discussion of contingencies of discontinued operations.