v3.25.2
Industry Segments
 6 Months Ended
Jun. 30, 2025
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
June 30, 2025
Completion Fluids & ProductsWater & Flowback Services
Corporate
Total
(in thousands)
Revenue$109,445 $64,427 $— $173,872 
Cost of product sales and services62,594 53,752 — 116,346 
Depreciation, amortization and accretion2,214 6,881 94 9,189 
Impairments and other charges— 93 — 93 
General and administrative expense6,900 4,815 13,544 25,259 
Interest (income) expense, net(302)13 4,483 4,194 
Other (income) expense, net(94)144 (695)(645)
Net income (loss) before taxes$38,133 $(1,271)$(17,426)$19,436 
Capital expenditures$13,671 $5,784 $32 $19,487 
Six Months Ended
June 30, 2025
Completion Fluids & ProductsWater & Flowback Services
Corporate
Total
(in thousands)
Revenue$202,462 $128,550 $— $331,012 
Cost of product sales and services116,909 104,002 — 220,911 
Depreciation, amortization and accretion4,391 13,761 188 18,340 
Impairments and other charges— 611 — 611 
General and administrative expense13,583 10,550 25,260 49,393 
Interest (income) expense, net(417)6 9,329 8,918 
Other (income) expense, net(813)9,778 (648)8,317 
Net income (loss) before taxes$68,809 $(10,158)$(34,129)$24,522 
Capital expenditures$27,514 $9,848 $81 $37,443 
June 30, 2025
Total assets$330,507 $165,795 $149,274 $645,576 
Three Months Ended
June 30, 2024
Completion Fluids & ProductsWater & Flowback Services
Corporate
Total
(in thousands)
Revenue$100,019 $71,916 $— $171,935 
Cost of product sales and services64,027 55,881 — 119,908 
Depreciation, amortization and accretion2,361 6,329 84 8,774 
General and administrative expense6,991 4,457 10,689 22,137 
Interest (income) expense, net(135)68 6,252 6,185 
Other expense, net122 2,025 305 2,452 
Net income (loss) before taxes$26,653 $3,156 $(17,330)$12,479 
Capital expenditures$10,160 $4,944 $288 $15,392 
Six Months Ended
June 30, 2024
Completion Fluids & ProductsWater & Flowback Services
Corporate
Total
(in thousands)
Revenue$177,301 $145,606 $— $322,907 
Cost of product sales and services112,491 118,531 — 231,022 
Depreciation, amortization and accretion4,748 12,617 165 17,530 
General and administrative expense13,684 8,961 21,790 44,435 
Interest (income) expense, net(404)144 12,397 12,137 
Loss on debt extinguishment— — 5,535 5,535 
Other (income) expense, net337 1,476 (3,339)(1,526)
Net income (loss) before taxes$46,445 $3,877 $(36,548)$13,774 
Capital expenditures$17,902 $12,952 $365 $31,219 
December 31, 2024
Total assets$290,788 $158,475 $155,932 $605,195