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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Revenues from product sales and services $ 171,935 $ 175,463 $ 322,907 $ 321,672
Cost of revenues:        
Depreciation, amortization, and accretion 8,774 8,457 17,530 17,127
Impairment and other charges 0 777 0 777
Insurance recoveries associated with damaged equipment 0 0 0 2,850
Total cost of revenues 128,682 126,308 248,552 236,194
Gross profit 43,253 49,155 74,355 85,478
Exploration and pre-development costs 0 2,341 0 3,061
General and administrative expense 22,137 26,225 44,435 49,416
Interest expense, net 6,185 5,944 12,137 11,036
Loss on debt extinguishment 0 0 5,535 0
Other (income) expense, net 2,452 (6,435) (1,526) (6,649)
Income before taxes and discontinued operations 12,479 21,080 13,774 28,614
Provision for income taxes 4,839 2,875 5,219 4,364
Income before discontinued operations 7,640 18,205 8,555 24,250
Discontinued operations:        
Loss from discontinued operations, net of taxes 0 (8) 0 (20)
Net income 7,640 18,197 8,555 24,230
Loss attributable to noncontrolling interests 3 18 3 25
Net income attributable to TETRA stockholders $ 7,643 $ 18,215 $ 8,558 $ 24,255
Basic net income per common share:        
Income from continuing operations (in dollars per share) $ 0.06 $ 0.14 $ 0.07 $ 0.19
Income from discontinued operations (in dollars per share) 0 0 0 0
Net income attributable to TETRA stockholders (in dollars per share) $ 0.06 $ 0.14 $ 0.07 $ 0.19
Weighted average basic shares outstanding (in shares) 131,263 129,460 130,858 129,201
Diluted net income per common share:        
Income from continuing operations (in dollars per share) $ 0.06 $ 0.14 $ 0.06 $ 0.19
Income from discontinued operations (in dollars per share) 0 0 0 0
Net income attributable to TETRA stockholders (in dollars per share) $ 0.06 $ 0.14 $ 0.06 $ 0.19
Weighted average diluted shares outstanding (in shares) 132,169 129,925 132,115 129,953
Product sales        
Revenues:        
Revenues from product sales and services $ 96,622 $ 96,217 $ 169,959 $ 161,752
Cost of revenues:        
Cost of product sales and services 61,078 55,873 106,484 98,268
Services        
Revenues:        
Revenues from product sales and services 75,313 79,246 152,948 159,920
Cost of revenues:        
Cost of product sales and services $ 58,830 $ 61,201 $ 124,538 $ 122,872