v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 154,583 $ 72,628
Restricted cash 50 52
Trade accounts receivable, net of allowances of $440 and $397, respectively 114,367 99,578
Inventories 117,057 115,726
Prepaid expenses and other current assets 24,917 28,694
Total current assets 410,974 316,678
Property, plant and equipment, net 230,174 194,197
Deferred tax assets, net 86,738 87,322
Operating lease right-of-use assets 34,123 36,999
Patents, trademarks and other intangible assets, net of accumulated amortization of $50,264 and $48,775, respectively 19,737 21,463
Investments 11,090 11,827
Other assets 7,278 7,275
Total long-term assets 389,140 359,083
Total assets 800,114 675,761
Current liabilities:    
Trade accounts payable 55,002 54,517
Current portion of long-term debt 8,125 4,750
Compensation and employee benefits 20,668 28,934
Operating lease liabilities, current portion 11,880 11,326
Accrued taxes 14,629 15,001
Accrued liabilities and other 49,615 39,325
Current liabilities associated with discontinued operations 7,360 7,360
Total current liabilities 167,279 161,213
Long-term debt, net 175,190 176,607
Operating lease liabilities 28,640 32,664
Asset retirement obligations 15,825 15,526
Deferred income taxes 2,677 2,498
Other liabilities 3,976 4,766
Total long-term liabilities 226,308 232,061
Commitments and contingencies (Note 6)
Equity:    
Common stock, par value 0.01 per share; 250,000,000 shares authorized at June 30, 2026 and December 31, 2025; 151,211,454 and 137,252,465 shares issued at June 30, 2026 and December 31, 2025, respectively, and 148,072,779 and 134,113,790 shares outstanding at June 30, 2026 and December 31, 2025, respectively 1,512 1,373
Additional paid-in capital 607,190 500,436
Treasury stock, at cost; 3,138,675 shares held at June 30, 2026 and December 31, 2025 (19,957) (19,957)
Accumulated other comprehensive loss (34,086) (32,677)
Retained deficit (146,864) (165,420)
Total TETRA stockholders’ equity 407,795 283,755
Noncontrolling interests (1,268) (1,268)
Total equity 406,527 282,487
Total liabilities and equity $ 800,114 $ 675,761