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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 41,000 $ 36,987
Restricted cash 50 221
Trade accounts receivable, net of allowances of $537 in 2025 and $626 in 2024 120,902 104,813
Inventories 106,486 101,697
Prepaid expenses and other current assets 22,616 25,910
Total current assets 291,054 269,628
Property, plant and equipment:    
Land and building 24,671 24,475
Machinery and equipment 327,680 323,044
Automobiles and trucks 10,540 10,325
Chemical plants 72,198 69,815
Construction in progress 41,423 34,910
Total property, plant and equipment 476,512 462,569
Less accumulated depreciation (327,237) (320,409)
Net property, plant and equipment 149,275 142,160
Other assets:    
Patents, trademarks and other intangible assets, net of accumulated amortization of $56,745 in 2025 and $55,421 in 2024 24,072 24,923
Deferred tax assets, net 97,181 98,149
Operating lease right-of-use assets 30,584 29,797
Investments 9,686 28,159
Other assets 12,233 12,379
Total other assets 173,756 193,407
Total assets 614,085 605,195
Current liabilities:    
Trade accounts payable 41,042 43,103
Compensation and employee benefits 19,594 23,022
Operating lease liabilities, current portion 9,325 8,861
Accrued taxes 10,695 12,493
Accrued liabilities and other 27,886 30,040
Current liabilities associated with discontinued operations 5,830 5,830
Total current liabilities 114,372 123,349
Long-term debt, net 180,095 179,696
Operating lease liabilities 25,291 25,041
Asset retirement obligations 15,082 14,786
Deferred income taxes 3,849 4,912
Other liabilities 3,653 4,104
Total long-term liabilities 227,970 228,539
Commitments and contingencies (Note 6)
Equity:    
Common stock, par value 0.01 per share; 250,000,000 shares authorized at March 31, 2025 and December 31, 2024; 136,207,612 shares issued at March 31, 2025 and 134,951,081 shares issued at December 31, 2024 1,362 1,350
Additional paid-in capital 493,424 492,722
Treasury stock, at cost; 3,138,675 shares held at March 31, 2025 and December 31, 2024 (19,957) (19,957)
Accumulated other comprehensive loss (37,449) (51,122)
Retained deficit (164,376) (168,425)
Total TETRA stockholders’ equity 273,004 254,568
Noncontrolling interests (1,261) (1,261)
Total equity 271,743 253,307
Total liabilities and equity $ 614,085 $ 605,195