Tuesday, Aug. 4, 2026, at 10:30 a.m. ET
CALL PARTICIPANTS
* President and CEO - Brady Murphy
* Chief Financial Officer - Matt Sanderson
* Treasurer and Investor Relations - Kurt Hallead
TAKEAWAYS
* Revenue -- $185.7 million, representing a 19% sequential increase and 7% year-over-year growth.
* Adjusted EBITDA -- $31.9 million, up 24% sequentially but down from $36.2 million in the second quarter of 2025 due to a non-repeating completion fluid project.
* Completion Fluids & Products Revenue -- $113.1 million, driven by increased sales activity in the Europe and Caspian region.
* Water & Flowback Services Revenue -- $72.5 million, supported by record second-quarter revenue in Argentina.
* Income from Continuing Operations -- $10.2 million, compared with $8.3 million in the first quarter of 2026.
* Net Debt -- $28.7 million, following a $108 million equity offering used to fund the Arkansas bromine project.
* Net Leverage Ratio -- 0.4x, improving from 1.5x at the end of the first quarter of 2026 due to the equity infusion.
* Argentina Growth -- Revenue is on pace to double in 2026 compared with 2025 levels due to early production systems and SandStorm technology...
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