Industry Segments

6 Months Ended

Jun. 30, 2025

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 & Products		Water & Flowback Services		Corporate		Total
	(in thousands)
Revenue	$	109,445	$	64,427	$	—	$	173,872
Cost of product sales and services	62,594		53,752		—		116,346
Depreciation, amortization and accretion	2,214		6,881		94		9,189
Impairments and other charges	—		93		—		93


General and administrative expense	6,900		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 & Products		Water & Flowback Services		Corporate		Total
	(in thousands)
Revenue	$	202,462	$	128,550	$	—	$	331,012
Cost of product sales and services	116,909		104,002		—		220,911
Depreciation, amortization and accretion	4,391		13,761		188		18,340
Impairments and other charges	—		611		—		611


General and administrative expense	13,583		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 & Products		Water & Flowback Services		Corporate		Total
	(in thousands)
Revenue	$	100,019	$	71,916	$	—	$	171,935
Cost of product sales and services	64,027		55,881		—		119,908
Depreciation, amortization and accretion	2,361		6,329		84		8,774



General and administrative expense	6,991		4,457		10,689		22,137
Interest (income) expense, net	(135)		68		6,252		6,185

Other expense, net	122		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 & Products		Water & Flowback Services		Corporate		Total
	(in thousands)
Revenue	$	177,301	$	145,606	$	—	$	322,907
Cost of product sales and services	112,491		118,531		—		231,022
Depreciation, amortization and accretion	4,748		12,617		165		17,530



General and administrative expense	13,684		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, net	337		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

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

TETRA TECHNOLOGIES INC 10-Q