Industry Segments

9 Months Ended

Sep. 30, 2023

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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(in thousands)
Revenues from external customers
Product sales
Completion Fluids & Products Division	$	68,532	$	55,354	$	228,415	$	195,469
Water & Flowback Services Division	435		140		2,304		381
Consolidated	$	68,967	$	55,494	$	230,719	$	195,850
Services
Completion Fluids & Products Division	$	4,678	$	3,809	$	12,059	$	11,686
Water & Flowback Services Division	77,819		75,709		230,358		198,229
Consolidated	$	82,497	$	79,518	$	242,417	$	209,915
Total revenues
Completion Fluids & Products Division	$	73,210	$	59,163	$	240,474	$	207,155
Water & Flowback Services Division	78,254		75,849		232,662		198,610
Consolidated	$	151,464	$	135,012	$	473,136	$	405,765
Income (loss) before taxes and discontinued operations
Completion Fluids & Products Division	$	16,932	$	12,357	$	67,330	$	46,910
Water & Flowback Services Division	8,475		6,482		22,869		10,808
Interdivision Eliminations	—		3		—		9
Corporate Overhead(1)	(18,691)		(16,727)		(54,869)		(45,398)
Consolidated	$	6,716	$	2,115	$	35,330	$	12,329

(1) Amounts reflected include the following general corporate expenses:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(in thousands)
General and administrative expense	$	13,552	$	11,968	$	37,206	$	33,856
Depreciation and amortization	101		165		303		528
Impairments and other charges	—		—		777		—
Interest expense	5,755		4,437		17,029		11,978
Other general corporate (income) expense, net	(717)		157		(446)		(964)
Total	$	18,691	$	16,727	$	54,869	$	45,398