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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 68,749 $ 36,987
Restricted cash 52 221
Trade accounts receivable, net of allowances of $538 in 2025 and $626 in 2024 110,302 104,813
Inventories 108,537 101,697
Prepaid expenses and other current assets 23,993 25,910
Total current assets 311,633 269,628
Property, plant and equipment:    
Land and building 24,930 24,475
Machinery and equipment 333,615 323,044
Automobiles and trucks 10,575 10,325
Chemical plants 75,530 69,815
Construction in progress 53,016 34,910
Total property, plant and equipment 497,666 462,569
Less accumulated depreciation (335,281) (320,409)
Net property, plant and equipment 162,385 142,160
Other assets:    
Patents, trademarks and other intangible assets, net of accumulated amortization of $58,514 in 2025 and $55,421 in 2024 23,235 24,923
Deferred tax assets, net 94,702 98,149
Operating lease right-of-use assets 32,394 29,797
Investments 8,971 28,159
Other assets 12,256 12,379
Total other assets 171,558 193,407
Total assets 645,576 605,195
Current liabilities:    
Trade accounts payable 52,145 43,103
Compensation and employee benefits 19,942 23,022
Operating lease liabilities, current portion 10,730 8,861
Accrued taxes 12,782 12,493
Accrued liabilities and other 24,908 30,040
Current liabilities associated with discontinued operations 5,830 5,830
Total current liabilities 126,337 123,349
Long-term debt, net 180,504 179,696
Operating lease liabilities 25,687 25,041
Asset retirement obligations 15,286 14,786
Deferred income taxes 4,575 4,912
Other liabilities 3,569 4,104
Total long-term liabilities 229,621 228,539
Commitments and contingencies (Note 6)
Equity:    
Common stock, par value 0.01 per share; 250,000,000 shares authorized at June 30, 2025 and December 31, 2024; 136,418,399 shares issued at June 30, 2025 and 134,951,081 shares issued at December 31, 2024 1,364 1,350
Additional paid-in capital 495,095 492,722
Treasury stock, at cost; 3,138,675 shares held at June 30, 2025 and December 31, 2024 (19,957) (19,957)
Accumulated other comprehensive loss (32,552) (51,122)
Retained deficit (153,071) (168,425)
Total TETRA stockholders’ equity 290,879 254,568
Noncontrolling interests (1,261) (1,261)
Total equity 289,618 253,307
Total liabilities and equity $ 645,576 $ 605,195