Industry Segments

3 Months Ended

Mar. 31, 2023

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,
	2023		2022
	(in thousands)
Revenues from external customers
Product sales
Completion Fluids & Products Division	$	65,515	$	69,888
Water & Flowback Services Division	20		167
Consolidated	$	65,535	$	70,055
Services
Completion Fluids & Products Division	$	3,527	$	3,306
Water & Flowback Services Division	77,147		56,676
Consolidated	$	80,674	$	59,982
Total revenues
Completion Fluids & Products Division	$	69,042	$	73,194
Water & Flowback Services Division	77,167		56,843
Consolidated	$	146,209	$	130,037
Income (loss) before taxes
Completion Fluids & Products Division	$	18,442	$	19,292
Water & Flowback Services Division	6,378		2,682
Interdivision Eliminations	—		3
Corporate Overhead(1)	(17,286)		(13,043)
Consolidated	$	7,534	$	8,934

(1) Amounts reflected include the following general corporate expenses:

	Three Months Ended March 31,
	2023		2022
	(in thousands)
General and administrative expense	$	11,059	$	10,346
Depreciation and amortization	109		191
Interest expense	5,460		3,647
Other general corporate (income) expense, net	658		(1,141)
Total	$	17,286	$	13,043