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Industry Segments
 6 Months Ended
Jun. 30, 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
June 30, 2026
Completion Fluids & ProductsWater & Flowback Services
Corporate
Total
(in thousands)
Revenue$113,110 $72,547 $— $185,657 
Cost of product sales and services75,638 54,705 — 130,343 
Depreciation, amortization and accretion2,205 7,319 76 9,600 
General and administrative expense7,714 6,505 11,365 25,584 
Operating income (loss)
27,553 4,018 (11,441)20,130 
Interest (income) expense, net(103)247 3,123 3,267 
Other expense (income), net470 566 (27)1,009 
Income (loss) before taxes
$27,186 $3,205 $(14,537)$15,854 
Capital expenditures$15,806 $7,437 $72 $23,315 
Six Months Ended
June 30, 2026
Completion Fluids & ProductsWater & Flowback Services
Corporate
Total
(in thousands)
Revenue$204,831 $137,079 $— $341,910 
Cost of product sales and services134,528 104,667 — 239,195 
Depreciation, amortization and accretion4,436 14,185 155 18,776 
General and administrative expense15,924 12,651 22,418 50,993 
Operating income (loss)
49,943 5,576 (22,573)32,946 
Interest (income) expense, net(260)336 6,428 6,504 
Other (income) expense, net(1,282)(25)305 (1,002)
Income (loss) before taxes$51,485 $5,265 $(29,306)$27,444 
Capital expenditures$25,997 $16,265 $72 $42,334 
June 30, 2026
Total assets$496,842 $172,594 $130,678 $800,114 
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 
Operating income (loss)
37,737 (1,114)(13,638)22,985 
Interest (income) expense, net(302)13 4,483 4,194 
Other (income) expense, net(94)144 (695)(645)
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 
Operating income (loss)
67,579 (374)(25,448)41,757 
Interest (income) expense, net(417)6 9,329 8,918 
Other (income) expense, net(813)9,778 (648)8,317 
Income (loss) before taxes$68,809 $(10,158)$(34,129)$24,522 
Capital expenditures$27,514 $9,848 $81 $37,443 
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.