| Summary of financial information by segment |
| | | | | | | | | | | | | | | | | | | | | For the three months ended March 31, 2025 | | | | | | | | | | | | | | | | | | | | | | Water Infrastructure | | Water Services | | Chemical Technologies | | Other | | Eliminations | | Totals | Revenue | | $ | 72,646 | | $ | 227,946 | | $ | 76,686 | | $ | - | | $ | (2,894) | | $ | 374,384 | Costs of revenue excluding depreciation, amortization and accretion | | | (36,101) | | | (181,740) | | | (64,992) | | | - | | | 2,894 | | | (279,939) | Depreciation, amortization and accretion | | | (19,797) | | | (17,165) | | | (1,713) | | | (925) | | | | | | (39,600) | Selling general and administrative | | | (5,682) | | | (8,788) | | | (4,525) | | | (18,437) | | | | | | (37,432) | Other(1) | | | (537) | | | (63) | | | 581 | | | (64) | | | | | | (83) | | | | | | | | | | | | | | | | | | | | Net income | | | | | | | | | | | | | | | | | $ | 9,560 | Interest expense, net | | | | | | | | | | | | | | | | | | 4,876 | Tax expense | | | | | | | | | | | | | | | | | | 2,894 | Depreciation, amortization and accretion | | | | | | | | | | | | | | | | | | 39,600 | EBITDA | | $ | 30,326 | | $ | 37,355 | | $ | 7,750 | | $ | (18,501) | | | | | $ | 56,930 | | | | | | | | | | | | | | | | | | | | Capital expenditures | | $ | 40,676 | | $ | 18,404 | | $ | 1,205 | | $ | 496 | | | | | $ | 60,781 |
| | | | | | | | | | | | | | | | | | | | | For the three months ended March 31, 2024 | | | | | | | | | | | | | | | | | | | | | | Water Infrastructure | | Water Services | | Chemical Technologies | | Other | | Eliminations | | Totals | Revenue | | $ | 63,854 | | $ | 230,581 | | $ | 75,073 | | $ | - | | $ | (2,960) | | $ | 366,548 | Costs of revenue excluding depreciation, amortization and accretion | | | (36,068) | | | (181,698) | | | (62,173) | | | - | | | 2,960 | | | (276,979) | Depreciation, amortization and accretion | | | (13,901) | | | (21,114) | | | (1,877) | | | (1,258) | | | | | | (38,150) | Selling general and administrative | | | (4,254) | | | (8,750) | | | (5,252) | | | (25,724) | | | | | | (43,980) | Other(1) | | | (82) | | | (744) | | | 51 | | | (65) | | | | | | (840) | | | | | | | | | | | | | | | | | | | | Net income | | | | | | | | | | | | | | | | | $ | 3,875 | Interest expense, net | | | | | | | | | | | | | | | | | | 1,272 | Tax expense | | | | | | | | | | | | | | | | | | 1,452 | Depreciation, amortization and accretion | | | | | | | | | | | | | | | | | | 38,150 | EBITDA | | $ | 23,450 | | $ | 39,389 | | $ | 7,699 | | $ | (25,789) | | | | | $ | 44,749 | | | | | | | | | | | | | | | | | | | | Capital expenditures | | $ | 26,653 | | $ | 10,198 | | $ | 1,542 | | $ | (64) | | | | | $ | 38,329 |
| (1) | Other includes lease abandonment costs, impairments, bargain purchase gain, gains or losses on sales of property and equipment, tax receivable agreements expense, equity in losses of unconsolidated entities and other income and expenses. |
Total assets by segment as of March 31, 2025 and December 31, 2024, is as follows: | | | | | | | | | As of | | As of | | | March 31, 2025 | | December 31, 2024 | | | | (in thousands) | Water Infrastructure | | $ | 766,670 | | $ | 652,870 | Water Services | | | 571,895 | | | 523,545 | Chemical Technologies | | | 153,889 | | | 136,658 | Other | | | 52,757 | | | 53,209 | Total | | $ | 1,545,211 | | $ | 1,366,282 |
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