Industry Segments

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Industry Segments

INDUSTRY SEGMENTS

We manage our operations through two segments: Completion Fluids & Products Division and Water & Flowback Services Division.

Summarized financial information concerning the business segments is as follows:

	Three Months Ended
	March 31, 2025
	Completion Fluids & Products		Water & Flowback Services		Corporate		Total
	(in thousands)
Revenue	$	93,018	$	64,122	$	—	$	157,140
Cost of product sales and services	54,315		50,250		—		104,565
Depreciation, amortization and accretion	2,177		6,880		94		9,151
Impairments and other charges	—		518		—		518
General and administrative expense	6,683		5,735		11,716		24,134
Interest (income) expense, net	(115)		(7)		4,846		4,724
Other (income) expense, net	(719)		9,634		47		8,962
Net income (loss) before taxes	$	30,677	$	(8,888)	$	(16,703)	$	5,086
Capital expenditures	$	13,843	$	4,064	$	49	$	17,956
	March 31, 2025
Total assets	$	318,848	$	162,365	$	132,872	$	614,085
	Three Months Ended
	March 31, 2024
	Completion Fluids & Products		Water & Flowback Services		Corporate		Total
	(in thousands)
Revenue	$	77,282	$	73,690	$	—	$	150,972
Cost of product sales and services	48,464		62,650		—		111,114
Depreciation, amortization and accretion	2,387		6,288		81		8,756
General and administrative expense	6,693		4,503		11,102		22,298
Interest (income) expense, net	(269)		76		6,145		5,952
Loss on debt extinguishment	—		—		5,535		5,535
Other (income) expense, net	215		(548)		(3,645)		(3,978)
Net income (loss) before taxes	$	19,792	$	721	$	(19,218)	$	1,295
Capital expenditures	$	7,705	$	8,045	$	77	$	15,827
	December 31, 2024
Total assets	$	290,788	$	158,475	$	155,932	$	605,195