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Industry Segments
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Industry Segments INDUSTRY SEGMENTS
We manage our operations through two segments: Completion Fluids & Products Segment and Water & Flowback Services Segment.

Summarized financial information concerning the business segments is as follows:
Three Months Ended
March 31, 2026
Completion Fluids & ProductsWater & Flowback Services
Corporate
Total
(in thousands)
Revenue$91,721 $64,532 $— $156,253 
Cost of product sales and services58,890 49,962 — 108,852 
Depreciation, amortization and accretion2,231 6,866 79 9,176 
General and administrative expense8,210 6,146 11,053 25,409 
Operating income (loss)
22,390 1,558 (11,132)12,816 
Interest (income) expense, net(157)89 3,305 3,237 
Other (income) expense, net(1,752)(591)332 (2,011)
Income (loss) before taxes
$24,299 $2,060 $(14,769)$11,590 
Capital expenditures$10,191 $8,828 $— $19,019 
March 31, 2026
Total assets$362,514 $169,088 $130,743 $662,345 
Three Months Ended
March 31, 2025
Completion Fluids & ProductsWater & Flowback Services
Corporate
Total
(in thousands)
Revenue$93,018 $64,122 $— $157,140 
Cost of product sales and services54,315 50,250 — 104,565 
Depreciation, amortization and accretion2,177 6,880 94 9,151 
Impairments and other charges— 518 — 518 
General and administrative expense6,683 5,735 11,716 24,134 
Operating income (loss)
29,843 739 (11,810)18,772 
Interest (income) expense, net(115)(7)4,846 4,724 
Other (income) expense, net(719)9,634 47 8,962 
Income (loss) before taxes
$30,677 $(8,888)$(16,703)$5,086 
Capital expenditures$13,843 $4,064 $49 $17,956 
December 31, 2025
Total assets$347,770 $161,978 $166,013 $675,761 

Our chief executive officer is considered the chief operating decision maker. We generally evaluate the performance of and allocate resources to our segments based on income (loss) from continuing operations before income taxes, return on investment and other criteria. Resources for each segment, including employees and financial or capital resources, are allocated predominantly through the annual budget as well as the annual and monthly forecasting process.