v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 84,303 $ 72,628
Restricted cash 50 52
Short-term investments 41,733 0
Trade accounts receivable, net of allowances of $445 and $397, respectively 127,315 99,578
Inventories 117,805 115,726
Prepaid expenses and other current assets 22,892 28,694
Total current assets 394,098 316,678
Property, plant and equipment, net 256,533 194,197
Deferred tax assets, net 89,524 87,322
Operating lease right-of-use assets 32,540 36,999
Patents, trademarks and other intangible assets, net of accumulated amortization of $51,414 and $48,775, respectively 18,878 21,463
Investments 10,584 11,827
Other assets 7,139 7,275
Total long-term assets 415,198 359,083
Total assets 809,296 675,761
Current liabilities:    
Trade accounts payable 56,232 54,517
Current portion of long-term debt 1,000 4,750
Compensation and employee benefits 26,573 28,934
Operating lease liabilities, current portion 11,400 11,326
Accrued taxes 13,041 15,001
Accrued liabilities and other 46,562 39,325
Current liabilities associated with discontinued operations 7,360 7,360
Total current liabilities 162,168 161,213
Long-term debt, net 182,819 176,607
Operating lease liabilities 27,263 32,664
Asset retirement obligations 15,981 15,526
Deferred income taxes 3,299 2,498
Other liabilities 3,568 4,766
Total long-term liabilities 232,930 232,061
Commitments and contingencies (Note 6)
Equity:    
Common stock, par value $ 0.01 per share; 250,000,000 shares authorized at September 30, 2026 and December 31, 2025; 151,542,116 and 137,252,465 shares issued at September 30, 2026 and December 31, 2025, respectively, and 148,403,441 and 134,113,790 shares outstanding at September 30, 2026 and December 31, 2025, respectively 1,515 1,373
Additional paid-in capital 607,959 500,436
Treasury stock, at cost; 3,138,675 shares held at September 30, 2026 and December 31, 2025 (19,957) (19,957)
Accumulated other comprehensive loss (34,035) (32,677)
Retained deficit (140,016) (165,420)
Total TETRA stockholders’ equity 415,466 283,755
Noncontrolling interests (1,268) (1,268)
Total equity 414,198 282,487
Total liabilities and equity $ 809,296 $ 675,761