TETRA Technologies (TTI)

TETRA Technologies, Inc. Announces Pricing of Public Offering of Common StockJune 2, 2026 11:36 PM
PR Newswire (US) SPRING, Texas, June 2, 2026 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) today announced the pricing of an underwritten public offering of 10,810,811 shares of its common stock, par value $0.01 per share ("Common Stock"), at a price to the public of $9.25 per share, pursuant to an effective shelf registration statement on Form S-3 (the "Registration Statement") filed with the U.S. Securities and Exchange Commission (the "SEC").The Company intends to use the net proceeds it receives from the offering for general corporate purposes, including funding a portion of the construction costs of its Arkansas bromine project.The Company has granted the underwriters a 30-day option to purchase up to an additional 1,621,621 shares of Common Stock solely to cover any over-allotments at the public offering price, less the underwriting discounts and commissions.J.P. Morgan is serving as lead book-running manager for the offering. Jefferies is also serving as book-running manager. Berenberg, Johnson Rice & Company, Northland Capital Markets and CJS Securities are serving as co-managers for the offering. The offering is expected to close on June 4, 2026, subject to customary closing conditions.The offering is being made only by means of a prospectus and a final prospectus supplement that meet the requirements under the Securities Act of 1933, as amended. Copies of the final prospectus supplement and accompanying base prospectus relating to the offering and final prospectus supplement, when available, may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at prospectus-eq_fi@jpmchase.com, or by accessing the SEC's website at www.sec.gov.The Registration Statement was filed with the SEC on May 12, 2025 and declared effective on May 22, 2025. The Registration Statement may be obtained free of charge at the SEC's website at www.sec.gov under "TETRA Technologies, Inc." A preliminary prospectus supplement thereto has been filed with the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares of Common Stock or any other securities, nor shall there be any sale of such shares of Common Stock or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.Company OverviewTETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions. With operations on six continents, the Company's portfolio consists of Energy Services, Industrial Chemicals, and Critical Minerals.Cautionary Note Regarding Forward-Looking StatementsThis news release includes certain statements that are deemed to be forward-looking statements. Generally, the use of words such as "may," "see," "expectation," "expect," "intend," "estimate," "projects," "anticipate," "believe," "assume," "could," "should," "plans," "targets" or similar expressions that convey the uncertainty of future events, activities, expectations or outcomes identify forward-looking statements that the Company intends to be included within the safe harbor protections provided by the federal securities laws. These forward-looking statements include any statements regarding the offering of Common Stock, including those regarding the use of proceeds of the offering and the closing of the offering. These forward-looking statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to several risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future performance or results and that actual results or developments may differ materially from those projected in the forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, those described in the section titled "Risk Factors" contained in the Company's Annual Reports on Form 10-K, as well as other risks identified from time to time in its reports on Form 10-Q and Form 8-K filed with the SEC. Investors should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement, and the Company undertakes no obligation to update or revise any forward-looking statements, except as may be required by law. View original content to download multimedia:https://www.prnewswire.com/news-releases/tetra-technologies-inc-announces-pricing-of-public-offering-of-common-stock-302789537.htmlSOURCE TETRA Technologies, Inc. Original: TETRA Technologies, Inc. Announces Pricing of Public Offering of Common Stock

TETRA TECHNOLOGIES, INC. ANNOUNCES PUBLIC OFFERING OF COMMON STOCKJune 2, 2026 4:05 PM
PR Newswire (US) SPRING, Texas, June 2, 2026 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) today announced the commencement of an underwritten public offering of $100 million of shares of its common stock, par value $0.01 per share ("Common Stock"), pursuant to an effective shelf registration statement on Form S-3 (the "Registration Statement") filed with the U.S. Securities and Exchange Commission (the "SEC").The Company intends to use the net proceeds it receives from the offering for general corporate purposes, including funding a portion of the construction costs of its Arkansas bromine project.The Company expects to grant the underwriters a 30-day option to purchase up to an additional $15 million of shares of Common Stock solely to cover any over-allotments at the public offering price, less the underwriting discounts and commissions.J.P. Morgan is serving as lead book-running manager for the offering. Jefferies is also serving as book-running manager. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.The proposed offering will be made only by means of a prospectus and a prospectus supplement. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the offering and final prospectus supplement, when available, may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at prospectus-eq_fi@jpmchase.com, or by accessing the SEC's website at www.sec.gov.The offering is being conducted pursuant to the Registration Statement, previously filed with the SEC on May 12, 2025 and declared effective on May 22, 2025, and corresponding prospectus. A preliminary prospectus supplement thereto has been filed with the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares of Common Stock or any other securities, nor shall there be any sale of such shares of Common Stock or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.Company OverviewTETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions. With operations on six continents, the Company's portfolio consists of Energy Services, Industrial Chemicals, and Critical Minerals.Cautionary Note Regarding Forward-Looking StatementsThis news release includes certain statements that are deemed to be forward-looking statements. Generally, the use of words such as "may," "see," "expectation," "expect," "intend," "estimate," "projects," "anticipate," "believe," "assume," "could," "should," "plans," "targets" or similar expressions that convey the uncertainty of future events, activities, expectations or outcomes identify forward-looking statements that the Company intends to be included within the safe harbor protections provided by the federal securities laws. These forward-looking statements include any statements regarding the proposed offering of Common Stock, including those regarding the use of proceeds of the offering. These forward-looking statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to several risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future performance or results and that actual results or developments may differ materially from those projected in the forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, those described in the section titled "Risk Factors" contained in the Company's Annual Reports on Form 10-K, as well as other risks identified from time to time in its reports on Form 10-Q and Form 8-K filed with the SEC. Investors should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement, and the Company undertakes no obligation to update or revise any forward-looking statements, except as may be required by law. View original content to download multimedia:https://www.prnewswire.com/news-releases/tetra-technologies-inc-announces-public-offering-of-common-stock-302789193.htmlSOURCE TETRA Technologies, Inc. Original: TETRA TECHNOLOGIES, INC. ANNOUNCES PUBLIC OFFERING OF COMMON STOCK

TETRA TECHNOLOGIES, INC. BOARD OF DIRECTORS APPROVES FINAL INVESTMENT DECISION FOR ARKANSAS BROMINE PRODUCTION FACILITYMay 28, 2026 5:30 PM
PR Newswire (US) Strong Project Economics and Growth Outlook With a Secure U.S. Bromine SupplySPRING, Texas, May 28, 2026 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) today announced that its Board of Directors has conditionally approved the final investment decision ("FID") for the development of the Company's bromine production facility near Stamps, Arkansas (the "Evergreen Project"). The Board's authorization is subject to the Company finalizing financing for the Evergreen Project. The decision marks a key milestone in TETRA's transformation into a vertically integrated bromine producer and advances the Company's ONE TETRA 2030 strategic plan. "The Board's approval of the final investment decision for our Arkansas bromine facility marks a major milestone in TETRA's forty-five-year history," said Brady Murphy, President and Chief Executive Officer. "This investment will secure a long-term, low-cost domestic supply of elemental bromine – the critical feedstock for our deepwater completion fluids and TETRA energy storage electrolyte products. By becoming vertically integrated, we would achieve bromine costs consistent with a fully integrated solution and provide long-term U.S.-based supply security in a highly concentrated market. The Evergreen Project positions us to meet accelerating demand for these products through 2030 and beyond." Strategic RationaleThe global bromine market is estimated at approximately $2.3 billion in 2026 and is projected to grow at a compound annual growth rate of 5.5% through 2033 (1), driven primarily by electrification trends, rising demand for deepwater, high-density completion fluids, and growing energy storage solutions. Currently, over 50% of global bromine supply originates in the Middle East (2), where ongoing geopolitical concerns have heightened focus on supply security.TETRA owns mineral rights to approximately 40,000 acres of brine leases in Southwest Arkansas, which contain significant bromine resources, including 744 ktons of proven and probable bromine reserves in the Evergreen Unit and measured and indicated bromine resources of 3.57 million tons across all TETRA acreage.  TETRA has decided to use brine supplied by its Evergreen Unit as feed brine for the bromine production facility start-up, placing the project timeline entirely within TETRA's control and maximizing the significant capital and operating expenditure synergies planned for future lithium and magnesium facilities and production.Initial bromine production volumes for the Evergreen Project's bromine facility are expected to be 25% above the Company's long-term third-party supply agreement. Over time, the Company plans to double initial production rates to reach the bromine facility's nameplate capacity. This investment would allow TETRA to minimize third-party purchases of elemental bromine, reducing the Company's reliance on external suppliers and providing greater supply chain certainty.Project DetailsKey highlights of the Evergreen Project include the following:Net Present Value ("NPV") The vertically integrated production case is expected to generate a bromine business NPV of $607 million, using a 10% discount rate, inclusive of approximately $220 million in remaining capital expenditures. Required capital expenditures will be funded over the next two years from a combination of cash from operations, credit facility borrowings and other financing sources.  The estimated NPV of our bromine business has been calculated using management's estimates, which update the economics contained in the Company's Definitive Feasibility Study dated September 22, 2025, and include updated inputs for anticipated costs and timeline of construction as well as future expectations regarding bromine demand and sales prices.  These estimates reflect management's good faith estimate of potential return based on currently available information but are subject to change over time.  See "Forward Looking Statements" further in this press release.Timeline: The facility is expected to commence first production in early 2028, consistent with the Company's ONE TETRA 2030 strategic targets.Supply Security: Secures TETRA's bromine demand, which is forecast to increase by over 50% by 2030, and reduces the need for higher-cost third-party bromine purchases.Future Optionality: The Evergreen Unit infrastructure provides significant synergies for potential future development of lithium and magnesium resources from the same brine, further supporting TETRA's critical minerals strategy.Construction ProgressPhase 1 of the Evergreen Project, which included site preparation, power infrastructure, and installation of the bromine tower, was completed in December 2025. Phase 2, which encompasses the major infrastructure and equipment supporting the plant, is currently underway with mechanical completion targeted by the end of 2026. The entire facility is expected to be operational by the end of 2027, with first production anticipated in early 2028.(1) Grandview Market Research(2) ICL Group LTD Company Overview Presentation March 2026 Investor ContactFor further information, please contact Matt Sanderson, CFO, TETRA Technologies, Inc. at (281) 367-1983 or via email at msanderson@onetetra.com or Kurt Hallead, Treasurer and Vice President of Investor Relations at (281) 367-1983 or via email at khallead@onetetra.com.Company OverviewTETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions that help make people's lives better. With operations on six continents, the Company's portfolio consists of Energy Services, Industrial Chemicals, and Critical Minerals. In addition to providing products and services to the oil and gas industry and calcium chloride for diverse applications, TETRA is expanding into the low-carbon energy market with chemistry expertise, key mineral acreage, and global infrastructure, helping to meet the demand for sustainable energy in the twenty-first century. Visit the Company's website at www.onetetra.com for more information or connect with us on LinkedIn.Forward-Looking StatementsThis news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are identifiable by the use of the following words, the negative of such words, and other similar words: 'anticipates', 'assumes', 'estimates', 'expects', 'intends', 'plans', 'projects', 'targets', 'will', and 'would." These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding the expected timeline for the Evergreen Project, design capacity, production volumes, costs, financing sources, NPV projections, and strategic benefits of the Evergreen Project; statements regarding the global bromine market; statements regarding the Company's ability to replace its current third-party supply agreements; and statements regarding the Company's ONE TETRA 2030 strategic plan.With respect to the Company's disclosures of measured and indicated mineral resources, it is uncertain if all such resources will ever be economically developed. Investors are cautioned that mineral resources do not have demonstrated economic value and further exploration may not result in the estimation of a mineral reserve. Further, there are a number of uncertainties related to processing lithium, which is an inherently difficult process. Therefore, you are cautioned not to assume that all or any part of our resources can be economically or legally commercialized. These forward-looking statements are based on information available at the time of this release and are subject to a number of risks, uncertainties, and assumptions. For a discussion of these risks, uncertainties, and assumptions, the Company refers you to its filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company does not undertake any obligation to update or revise forward-looking statements. View original content to download multimedia:https://www.prnewswire.com/news-releases/tetra-technologies-inc-board-of-directors-approves-final-investment-decision-for-arkansas-bromine-production-facility-302785056.htmlSOURCE TETRA Technologies, Inc. Original: TETRA TECHNOLOGIES, INC. BOARD OF DIRECTORS APPROVES FINAL INVESTMENT DECISION FOR ARKANSAS BROMINE PRODUCTION FACILITY

TETRA TECHNOLOGIES, INC. REPORTS STRONG FIRST-QUARTER 2026 RESULTS MAINTAINS 2026 GUIDANCEApril 29, 2026 5:00 PM
PR Newswire (US)

SPRING, Texas, April 29, 2026 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced financial results for the three months ended March 31, 2026.First-Quarter 2026 Financial HighlightsRevenues of $156.3 millionIncome from continuing operations of $8.3 million, inclusive of $0.5 million of unusual chargesAdjusted EBITDA of $25.6 millionIncome per share from continuing operations of $0.06Brady Murphy, TETRA's President and Chief Executive Officer, stated, "We are pleased to start 2026 with one of the strongest first quarter performances in the company's past ten years. Excluding the benefit of TETRA Neptune in the prior-year period, consolidated first-quarter revenue of $156 million and Adjusted EBITDA of $26 million were ten-year highs for a first quarter, as were both Brazil and Gulf of America. In addition, the Industrial Chemicals and Production Testing subsegments each delivered ten-year-high revenues with strong margin contributions. High-pressure gas plays in Haynesville and South Texas, supporting Gulf Coast LNG, are areas that should experience rapid growth in the coming years."The Middle East conflict did not materially affect our first-quarter results, as historically less than 5% of our revenue is exposed to this region. However, some completion fluid sales planned for the second quarter will likely be delayed. From a supply chain standpoint, our chemical manufacturing plants are located in the United States and Europe, and our elemental bromine is sourced from Arkansas. Over the longer term, it remains to be seen how developments in the Persian Gulf and the Middle East will impact the global oil and gas markets and our business and financial results, but in general we believe it will provide tailwinds to an already robust offshore and deepwater outlook and boost unconventional investment activity in the U.S. and Argentina.Last September, we held an Investor Day at the NYSE, where we outlined a clear strategic path for the company. Although much has changed in the world since that event, our view of the company's key growth trajectories across deepwater, specialty chemicals, electrolytes for battery energy storage, and desalination of produced water has strengthened. In addition, recent global events have prompted us to evaluate options to accelerate our Lithium and Magnesium critical minerals development. I am very pleased with the continued strong execution and performance of our base business and the progress we are making toward the strategic and financial targets we set as part of our ONE TETRA 2030 vision.Maintaining 2026 GuidanceFor 2026, our revenue and Adjusted EBITDA margins outlook remains unchanged with potential for upside if deepwater projects get accelerated or elevated oil and gas prices drive activity increases in the U.S. We expect to have a better view of the full year as we go through the second quarter. Total company revenue is expected to increase modestly driven by higher electrolyte sales and the execution of long-term contracts for early production facilities ("EPFs") in Argentina. Adjusted EBITDA margins for Completion Fluids & Products is expected to be in the 25-30% range and Water & Flowback Services in the mid-teens. Overall, we are off to a strong start and remain confident in our ability to deliver solid financial results this year while continuing to advance towards our 2030 targets.First-Quarter Financial Highlights
Three Months Ended
March 31,
2026
December 31,
2025
March 31,
2025
(in thousands, except per share amounts)Revenue$                     156,253
$                     146,681
$                     157,140Income (loss) from continuing operations$                         8,319
$                      (15,298)
$                         4,049Net income (loss)$                         8,319
$                      (16,507)
$                         4,049Adjusted EBITDA(1)$                       25,609
$                       19,204
$                       32,010Net income (loss) per share from continuing operations$                           0.06
$                          (0.11)
$                           0.03Adjusted net income per share from continuing operations(2)$                           0.06
$                           0.02
$                           0.11Net cash (used in) provided by operating activities$                      (11,856)
$                       31,726
$                         3,935Total Adjusted free cash flow(3)$                      (31,914)
$                         3,070
$                         4,241

(1)  Adjusted EBITDA is a non-GAAP financial measure. See Schedule E for an explanation of how we calculate Adjusted EBITDA and reconciliation to net (loss) income from continuing operations before taxes.(2)  Adjusted net income per share from continuing operations is a non-GAAP financial measure. See Schedule D for an explanation of how we calculate Adjusted net income per share from continuing operations and a reconciliation to net (loss) income from continuing operations before taxes.(3)  For the three months ended March 31, 2026, December 31, 2025 and March 31, 2025, total Adjusted free cash flow includes $6.6 million, $17.2 million and $11.2 million of net payments, respectively, for the Arkansas bromine and lithium projects, excluding capitalized interest. See Schedule G for an explanation of how we calculate Adjusted free cash flow and a reconciliation to net cash (used in) provided by operating activities.Completion Fluids & Products Revenue of $91.7 millionNet income before taxes of $24.3 millionAdjusted EBITDA of $25.7 millionAdjusted EBITDA margins of 28.0%Completion Fluids & Products revenue increased 10% sequentially and decreased 1% year over year. Net income before taxes increased 16% sequentially and decreased 21% year over year. Adjusted EBITDA increased 12% sequentially and decreased 23% from the prior year comparable period. The year-on-year decline in revenue and Adjusted EBITDA was primarily a result of the absence of a TETRA Neptune project which did not repeat in the first quarter of this year. As deepwater offshore exploration activity increases, we expect targeted reservoirs to have higher pressures and temperatures, supporting the opportunity pipeline for high-density completion fluids, including TETRA Neptune, which continues to grow.Water & Flowback Services Revenue of $64.5 millionNet income before taxes of $2.1 millionAdjusted EBITDA of $9.1 millionAdjusted EBITDA margins of 14.1%Water & Flowback Services revenue increased 3% sequentially and 1% year over year. Our business has materially outpaced the 24% year-on-year decline in US frac activity and we are in a strong competitive position to incrementally benefit from any activity increase that may result from higher oil and gas prices. Water & Flowback Services net income before taxes increased 241% sequentially and decreased 123% year over year. Adjusted EBITDA increased 20% sequentially and increased 9% year over year driven by cost-reduction initiatives and market penetration of higher-margin automation technology. We expect profitability to improve in the coming quarters driven by project start-ups in Argentina's Vaca Muerta basin.Balance Sheet and Cash Flow As of March 31, 2026, cash and cash equivalents was $35.5 million and total debt was $181.8 million. Net debt was $146.3 million and our net leverage ratio (Net Debt/TTM Adjusted EBITDA) was 1.5 times.During the first quarter of 2026, cash used in operating activities was $11.9 million, total Adjusted free cash flow was a use of $31.9 million and base business Adjusted free cash flow was a use of $23.5 million. Total capital expenditures were $19.0 million, including $6.6 million associated with the Arkansas project and $1.8 million of capitalized interest.Tracking Progress to ONE TETRA 2030Electrolytes for Utility Scale Battery Energy Storage Systems ("BESS")TETRA's electrolyte revenue grew meaningfully in 2025 as the U.S. Energy Information Administration (EIA) reports that a record 15 gigawatts ("GW") of utility-scale battery storage was added to the grid in 2025. The EIA projects that another record 24 GW is planned for 2026, representing a 60% growth rate. As artificial intelligence and cloud computing drive rapid growth in data–center power demand, scalable long–duration energy storage is becoming increasingly critical. TETRA's proprietary PureFlow® zinc–bromide electrolyte is a key input for these systems, supporting safe, non–flammable performance at utility scale.Data Centers Provide New Produced Water Re-use OpportunityTETRA's OASIS TDS end-to-end desalination of produced water for beneficial reuse continues to gain momentum, with multiple engineering efforts and customer commercial engagements. Since establishing 24/7 steady-state operations over the past 50 days, our Permian Basin OASIS project has achieved 96% uptime and continues to meet our performance specifications. We believe that behind-the-meter self-power generation, access to affordable natural gas and land, and other factors will drive significant data center growth in West Texas and accelerate the produced water desalination market well ahead of our 2030 targets. Regulatory agencies continue to focus on understanding the technology, setting permitting standards, and encouraging the industry to bring solutions to the produced water disposal challenge. TETRA is honored to participate in the National Petroleum Council Produced Water Committee and to support the recently announced U.S. Environmental Protection Agency (EPA) Reuse Action Plan (WRAP) 2.0.Arkansas Bromine Facility on Time and on BudgetWe expect our bromine demand supporting our deepwater completion fluids and battery storage electrolytes to double by 2030, driving the need for and reliable access to cost effective elemental bromine, a critical feedstock. This has become more evident with the current events in the Middle East as well over 50% of the global bromine supply comes from that region. Our bromine construction project in Southwest Arkansas continues to proceed on time and on budget. Phase 2 of the project is underway with Phase 3 slated for 2027 and first production in 2028. The plant will have an annual capacity of up to 75 million pounds, more than double our existing long-term third–party supply agreement.Critical Mineral Extraction Provides Growth Beyond 2030TETRA holds more than 40,000 acres of mineral–rich leases in Southwest Arkansas anchored by large–scale lithium and magnesium resources. With respect to lithium, this includes royalty rights on lithium sales to be generated by Smackover Lithium ("SWA"), a Standard Lithium/Equinor joint venture, on 35,000 acres and 65% ownership of 585,000 tons of lithium carbonate equivalent ("LCE") on approximately 6,900 acres.Also on our 40,000 acres, we have identified over 2 million tons of measured and indicated magnesium resources. We have finalized the formation of a joint venture with Magrathea Metals to advance domestic magnesium metal production and monetize this asset. The JV will leverage our specialty chemical processing expertise and large–scale magnesium resource base in combination with Magrathea's proprietary electrolytic magnesium production technology, which has been underwritten in part by the U.S. Department of War.Conference CallTETRA will host a conference call to discuss these results on April 30, 2026, at 10:30 a.m. ET. Please visit the Events & Presentations section of the TETRA Technologies website to listen to the call via live webcast. You can also pre-register for the conference call and obtain your dial in number and passcode by clicking here.Investor ContactsMatt Sanderson, Executive Vice President and Chief Financial Officer, msanderson@onetetra.com
Kurt Hallead, Vice President - Treasurer/Investor Relations, khallead@onetetra.comCompany OverviewTETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions that help make people's lives better. With operations on six continents, the Company's portfolio consists of Energy Services, Industrial Chemicals, and Critical Minerals. In addition to providing products and services to the oil and gas industry and calcium chloride for diverse applications, TETRA is expanding into the low-carbon energy market with chemistry expertise, key mineral acreage, and global infrastructure, helping to meet the demand for sustainable energy in the twenty-first century. Visit the Company's website at www.onetetra.com for more information or connect with us on LinkedIn.Financial Statements, Schedules and Non-GAAP Reconciliation Schedules (Unaudited)Schedule A:   Consolidated Income Statement
Schedule B:   Condensed Consolidated Balance Sheet
Schedule C:   Consolidated Statements of Cash Flows
Schedule D:   Non-GAAP Reconciliation of Adjusted Net Income
Schedule E:   Non-GAAP Reconciliation of Adjusted EBIT and Adjusted EBITDA
Schedule F:   Unusual Charges and Credits
Schedule G:   Non-GAAP Reconciliation of Adjusted Free Cash Flow
Schedule H:   Non-GAAP Reconciliation of Net Debt
Schedule I:     Non-GAAP Reconciliation to Net Leverage RatioNon-GAAP Financial MeasuresIn addition to financial results determined in accordance with U.S. GAAP, this press release includes the following non-GAAP financial measures for the Company: Adjusted net income, Adjusted net income per share, consolidated and segment Adjusted EBITDA, segment Adjusted EBITDA as a percent of revenue ("Adjusted EBITDA margin"), total Adjusted free cash flow, base business Adjusted free cash flow, net debt, and net leverage ratio. Schedules D through I provide reconciliations of these non-GAAP financial measures to their most directly comparable U.S. GAAP measures. Such non-GAAP measures adjust for unusual credits, which are further explained in this press release. The non-GAAP financial measures should be considered in addition to, not as a substitute for, financial measures prepared in accordance with U.S. GAAP, as more fully discussed in the Company's financial statements and filings with the Securities and Exchange Commission.Schedule A: Consolidated Income Statement (Unaudited)

Three Months Ended
March 31,
2026
December 31,
2025
March 31,
2025
(in thousands, except per share amounts)Revenues$                    156,253
$                    146,681
$                    157,140Cost of product sales and services108,852
105,433
104,565Depreciation, amortization and accretion9,176
9,268
9,151Impairments and other charges—
3,551
518Gross profit38,225
28,429
42,906General and administrative expense25,409
25,926
24,134Operating income12,816
2,503
18,772Interest expense, net3,237
3,961
4,724Other (income) expense, net(2,011)
4,667
8,962Income (loss) from continuing operations before taxes11,590
(6,125)
5,086Income tax expense3,271
9,173
1,037Income (loss) from continuing operations8,319
(15,298)
4,049Discontinued operations:




Loss from discontinued operations, net of taxes—
(1,209)
—Net income (loss)8,319
(16,507)
4,049Loss attributable to noncontrolling interest—
7
—Net income (loss) attributable to TETRA stockholders$                         8,319
$                     (16,500)
$                         4,049





Basic per share information:




Income (loss) from continuing operations$                           0.06
$                         (0.11)
$                           0.03Loss from discontinued operations$                           0.00
$                         (0.01)
$                           0.00Net income (loss) attributable to TETRA stockholders$                           0.06
$                         (0.12)
$                           0.03Weighted average shares outstanding134,500
133,868
132,350





Diluted per share information:




Income (loss) from continuing operations$                           0.06
$                         (0.11)
$                           0.03Loss from discontinued operations$                           0.00
$                         (0.01)
$                           0.00Net income (loss) attributable to TETRA stockholders$                           0.06
$                         (0.12)
$                           0.03Weighted average shares outstanding137,315
133,868
133,757 Schedule B: Condensed Consolidated Balance Sheet (Unaudited)


March 31,
2026
December 31,
2025
(in thousands)
(unaudited)

ASSETS


Current assets:


Cash and cash equivalents$            35,473
$            72,628Restricted cash51
52Trade accounts receivable115,769
99,578Inventories119,974
115,726Prepaid expenses and other current assets25,900
28,694Total current assets297,167
316,678Property, plant and equipment, net203,223
194,197Deferred tax assets, net86,900
87,322Operating lease right-of-use assets35,855
36,999Patents, trademarks and other intangible assets, net20,595
21,463Investments11,494
11,827Other assets7,111
7,275Total long-term assets365,178
359,083Total assets$          662,345
$          675,761



LIABILITIES AND EQUITY


Current liabilities:


Trade accounts payable$            52,205
$            54,517Current portion of long-term debt5,938
4,750Compensation and employee benefits19,671
28,934Operating lease liabilities, current portion11,900
11,326Accrued taxes11,912
15,001Accrued liabilities and other38,123
39,325Current liabilities associated with discontinued operations                    7,360
7,360Total current liabilities147,109
161,213Long-term debt, net175,880
176,607Operating lease liabilities30,635
32,664Asset retirement obligations15,669
15,526Deferred income taxes2,889
2,498Other liabilities4,548
4,766Total long-term liabilities229,621
232,061Commitments and contingencies


TETRA stockholders' equity286,883
283,755Noncontrolling interests(1,268)
(1,268)Total equity285,615
282,487Total liabilities and equity$          662,345
$          675,761Balances as of December 31, 2025 have been revised to reflect $4.8 million of long-term debt as current, 
with an offsetting reduction in long-term debt.Schedule C: Consolidated Statements of Cash Flows (Unaudited)

Three Months Ended
March 31,
2026
December 31,
2025
March 31,
2025
(in thousands)Operating activities:




Net income (loss)$                8,319
$            (16,507)
$                4,049Adjustments to reconcile net income (loss) to net cash (used in)
provided by operating activities:




Depreciation, amortization and accretion9,176
9,268
9,151Impairments and other charges—
3,551
518Gain on investments(662)
(1,194)
(257)Deferred income tax expense (benefit)1,102
4,704
(134)Equity-based compensation expense1,778
1,779
1,860(Recovery of) provision for credit losses(23)
190
(85)Amortization and expense of financing costs570
531
495Gain on sale of assets(127)
(152)
(113)Non-cash cumulative foreign currency translation adjustment loss
from dissolution of Canadian subsidiary—
—
9,516Other non-cash (credits) charges(1)
(453)
6Changes in operating assets and liabilities:




Accounts receivable(17,375)
16,625
(15,584)Inventories(3,906)
(10,535)
(2,663)Prepaid expenses and other current assets2,789
(4,495)
6,158Trade accounts payable and accrued expenses(13,300)
21,560
(9,277)Other(196)
6,854
295Net cash (used in) provided by operating activities(11,856)
31,726
3,935Investing activities:




Purchases of property, plant and equipment, net(19,019)
(27,639)
(17,956)Proceeds from sale of investments—
—
19,011Proceeds from sale of property, plant and equipment127
301
182Other investing activities164
(8)
108Net cash (used in) provided by investing activities(18,728)
(27,346)
1,345Financing activities:




Proceeds from credit agreements and long-term debt105
98
96Principal payments on credit agreements and long-term debt(105)
(98)
(96)Payments on financing lease obligations(1,166)
(1,318)
(931)Proceeds from exercise of stock options371
3,864
—Taxes paid upon vesting of equity-based compensation(5,928)
(1,368)
(1,158)Net cash (used in) provided by financing activities(6,723)
1,178
(2,089)Effect of exchange rate changes on cash151
(76)
651(Decrease) increase in cash and cash equivalents(37,156)
5,482
3,842Cash, cash equivalents and restricted cash at beginning of period 72,680
67,198
37,208Cash, cash equivalents and restricted cash at end of period$              35,524
$              72,680
$              41,050





Supplemental cash flow information:




Interest paid(1)$                2,737
$                3,827
$                4,515Income taxes paid$                7,337
$                2,212
$                3,360Accrued capital expenditures at end of period$                7,020
$                7,849
$                5,292
(1) Interest paid is net of $1.8 million, $1.5 million and $0.8 million of capitalized interest for the three months ended
March 31, 2026, December 31, 2025 and March 31, 2025, respectively. Schedule D: Non-GAAP Reconciliation of Adjusted Net Income (Loss) (Unaudited)
The following table presents the reconciliation of adjusted net income to the most directly comparable GAAP measure,
income before taxes and discontinued operations for the periods indicated:

Three Months Ended
March 31,
2026
December 31,
2025
March 31,
2025
(in thousands, except per share amounts)





Income (loss) from continuing operations before taxes$              11,590
$              (6,125)
$                5,086Income tax expense (benefit)3,271
9,173
1,037(Income) loss attributed to noncontrolling interest—
7
—Income (loss) from continuing operations8,319
(15,291)
4,049Cost of product sales and services adjustments—
—
477Impairments and other charges—
3,551
518Transaction, restructuring and other expenses490
7,485
1,086Former CEO stock appreciation right expense (credit)—
479
(151)Non-cash foreign currency translation adjustment loss—
—
9,516Unusual tax expense (benefit)—
7,173
(1,159)Adjusted net income (loss)$                8,809
$                3,397
$              14,336





Diluted per share information




Net income (loss) attributable to TETRA stockholders$                  0.06
$                 (0.11)
$                  0.03Adjusted net income (loss) per share$                  0.06
$                  0.02
$                  0.11Diluted weighted average shares outstanding137,315
136,719
133,757Adjusted net income is defined as the Company's income (loss) before noncontrolling interests and discontinued operations, excluding unusual tax provision, unusual foreign exchange losses and certain special or other charges (or credits), and including noncontrolling interest attributable to continued operations. Adjusted net income is used by management as a supplemental financial measure to assess financial performance, without regard to charges or credits that are considered by management to be outside of its normal operations.Adjusted net income per share is defined as the Company's diluted net income per share attributable to TETRA stockholders excluding certain special or other charges (or credits). Adjusted net income per share is used by management as a supplemental financial measure to assess financial performance, without regard to charges or credits that are considered by management to be outside of its normal operations.Schedule E: Non-GAAP Reconciliation of Adjusted EBIT and Adjusted EBITDA (Unaudited)Consolidated
Three Months Ended March 31, 2026
March 31, 2026
December 31, 2025
March 31, 2025
(in thousands, except percents)Revenues$                 156,253
$                 146,681
$                 157,140Income (loss) from continuing operations before taxes11,590
(6,125)
5,086Cost of product sales and services adjustments—
—
477Impairments and other charges—
3,551
518Former CEO stock appreciation right expense (credit)—
479
(151)Transaction, restructuring and other expenses490
7,485
1,086Non-cash cumulative foreign currency translation
adjustment loss from dissolution of Canadian subsidiary—
—
9,516Interest (income) expense, net3,237
3,961
4,724Investment (income) losses(662)
(1,194)
(257)Adjusted EBIT14,655
8,157
20,999Depreciation, amortization and accretion9,176
9,268
9,151Equity-based compensation expense1,778
1,779
1,860Adjusted EBITDA$                   25,609
$                   19,204
$                   32,010





Adjusted EBITDA as a % of revenue16.4 %
13.1 %
20.4 % Completion Fluids & Products
Three Months Ended March 31, 2026
March 31, 2026
December 31, 2025
March 31, 2025
(in thousands, except percents)Revenues$                   91,721
$                   83,727
$                   93,018Income (loss) from continuing operations before taxes24,299
21,012
30,677Cost of product sales and services adjustments—
—
477Transaction, restructuring and other expenses—
465
—Interest (income) expense, net(157)
(144)
(115)Investment (income) losses(662)
(670)
361Adjusted EBIT23,480
20,663
31,400Depreciation, amortization and accretion2,231
2,259
2,177Adjusted EBITDA$                   25,711
$                   22,922
$                   33,577





Adjusted EBITDA as a % of revenue28.0 %
27.4 %
36.1 % Water & Flowback Services
Three Months Ended March 31, 2026
March 31, 2026
December 31, 2025
March 31, 2025
(in thousands, except percents)Revenues$                   64,532
$                   62,954
$                   64,122Income (loss) from continuing operations before taxes2,060
604
(8,888)Impairments and other charges—
—
518Transaction, restructuring and other expenses76
582
302Non-cash cumulative foreign currency translation
adjustment loss from dissolution of Canadian subsidiary—
—
9,516Interest (income) expense, net89
11
(7)Investment (income) losses—
(524)
—Adjusted EBIT2,225
673
1,441Depreciation, amortization and accretion6,866
6,917
6,880Adjusted EBITDA$                     9,091
$                     7,590
$                     8,321





Adjusted EBITDA as a % of revenue14.1 %
12.1 %
13.0 % Corporate
Three Months Ended March 31, 2026
March 31, 2026
December 31, 2025
March 31, 2025
(in thousands, except percents)Income (loss) from continuing operations before taxes$                     (14,769)
$                     (27,741)
$                     (16,703)Impairments and other charges—
3,551
—Former CEO stock appreciation right expense (credit)—
479
(151)Transaction, restructuring and other expenses414
6,438
784Interest (income) expense, net3,305
4,094
4,846Investment (income) losses—
—
(618)Adjusted EBIT(11,050)
(13,179)
(11,842)Depreciation, amortization and accretion79
92
94Equity-based compensation expense1,778
1,779
1,860Adjusted EBITDA$                       (9,193)
$                     (11,308)
$                       (9,888)Effective with this earnings release for the three months ended March 31, 2026, we revised our definitions of Adjusted EBIT and Adjusted EBITDA to exclude investment (income) losses. Prior period Adjusted EBITDA amounts have been recast to reflect these revised definitions for all periods presented. We changed the definitions of Adjusted EBIT and Adjusted EBITDA because management believes that investment (income) losses are not reflective of the underlying operating performance of our core business. Investment (income) losses consist of realized and unrealized gains and losses on equity and debt securities, including our investment in Standard Lithium, and investments in common units and preferred units issued by two privately-held companies as well as the option to convert a convertible note issued by a privately-held company into equity interests. Investment (income) losses are recorded in other income (expense), net in our consolidated statements of operations. The magnitude and timing of investment (income) losses are driven by factors external to our core operations that management cannot control and does not consider when evaluating or managing day-to-day business performance. Accordingly, management believes the revised definitions of Adjusted EBIT and Adjusted EBITDA provide more meaningful measures of our operating performance and improve period-over-period comparability. The revisions to the Adjusted EBIT and Adjusted EBITDA definitions apply symmetrically to both investment income and investment losses, and we will apply this definition consistently in future periods.Adjusted EBIT is now defined as net income (loss) from continuing operations before taxes, interest (income) expense, net, investment (income) losses, impairments and certain non-cash charges, and unusual adjustments.Adjusted EBITDA is now defined as net income (loss) from continuing operations before taxes, excluding impairments, certain special, unusual or other charges (or credits), including loss on debt extinguishment, interest (income) expense, net, investment (income) losses, depreciation and amortization and certain non-cash items such as equity-based compensation expense. The most directly comparable GAAP financial measure is net income (loss) from continuing operations before taxes. Equity-based compensation expense represents compensation that has been or will be paid in equity and is excluded from Adjusted EBITDA because it is a non-cash item.Adjusted EBITDA is used by management as a supplemental financial measure to assess financial performance, without regard to charges or credits that are considered by management to be outside of its normal operations and without regard to financing methods, capital structure or historical cost basis, and to assess the Company's ability to incur and service debt and fund capital expenditures.Adjusted EBITDA margin is defined as Adjusted EBITDA divided by revenues. A reconciliation of Adjusted EBITDA margin to the most directly comparable GAAP measures for future periods is not available without unreasonable efforts due to the inherent difficulty in forecasting and quantifying with reasonable accuracy activity levels and product mix, which significantly impact revenues. Such items are not currently determinable with reasonable accuracy and may be material to the Company's actual results determined in accordance with GAAP.Schedule F: Unusual Charges and Credits (Unaudited)Unusual charges and expenses, net of credits were $0.5 million for the quarter ended March 31, 2026, which are reflected in Schedules D, E and I, and include $0.5 million of legal fees related to a former subsidiary, plus restructuring and severance as we downsize certain Water & Flowback Services operations.Management believes that the exclusion of the special charges and credits from the historical results of operations enables management to evaluate more effectively the Company's operations over the prior periods and to identify operating trends that could be obscured by the excluded items. See Schedules D, E and I for additional information.Schedule G: Non-GAAP Reconciliation to Total Adjusted Free Cash Flow and Base Business Adjusted Free Cash Flow (Unaudited)
Three Months Ended
March 31, 2026
December 31, 2025
March 31, 2025
(in thousands)Net cash (used in) provided by operating activities$                 (11,856)
$                  31,726
$                     3,935Capital expenditures, net of proceeds from asset sales(18,892)
(27,338)
(17,774)Payments on financing lease obligations(1,166)
(1,318)
(931)Cash received from sale of investments—
—
19,011Total Adjusted Free Cash Flow$                 (31,914)
$                     3,070
$                     4,241





Total Adjusted Free Cash Flow$                 (31,914)
$                     3,070
$                     4,241Less Investments in Arkansas(6,608)
(17,190)
(11,168)Capitalized interest(1,832)
(1,516)
(765)Base Business Adjusted Free Cash Flow$                 (23,474)
$                  21,776
$                  16,174Total Adjusted free cash flow is defined as cash from operations, less capital expenditures net of asset sales, less payments on financing lease obligations plus cash distributions to the Company from investments and proceeds from sales of investments. Total Adjusted free cash flow does not necessarily imply residual cash flow available for discretionary expenditures. Base business Adjusted free cash flow is defined as total Adjusted free cash flow excluding TETRA's investments in the Arkansas project and capitalized interest associated with the Arkansas project. Management uses this supplemental financial measure to assess the Company's ability to retire debt, evaluate the capacity of the Company to further invest and grow, and to measure the performance of the Company as compared to its peer group.A reconciliation of Adjusted free cash flow to the most directly comparable GAAP measures for future periods is not available without unreasonable efforts due to the inherent difficulty in forecasting and quantifying with reasonable accuracy significant items required for the reconciliation including, among other things, depreciation expense and interest. Such reconciling items are not currently determinable pending finalization of cost estimates and funding structure, and may be material to the Company's actual results determined in accordance with GAAP.Schedule H: Non-GAAP Reconciliation of Net Debt (Unaudited)The following reconciliation of net debt is presented as a supplement to financial results prepared in accordance with GAAP.

March 31,
2026
December 31,
2025
(in thousands)Unrestricted Cash$                     35,473
$                       72,628



Term Credit Agreement181,818
181,357Net debt$                    146,345
$                    108,729Net debt is defined as the carrying value of long-term and short-term debt, minus cash 
(excluding restricted cash).Schedule I: Non-GAAP Reconciliation to Net Leverage Ratio (Unaudited)

Three Months Ended
Twelve Months
Ended
March 31,
2026
December 31,
2025
September 30,
2025
June 30,
2025
March 31,
2026
(in thousands)Income (loss) from continuing operations before taxes$            11,590
$            (6,125)
$               8,105
$            19,436
$             33,006Impairments and other charges—
3,551
—
93
3,644Former CEO stock appreciation right expense (credit)—
479
98
(22)
555Transaction, restructuring and other expenses490
7,485
1,188
1,242
10,405Interest (income) expense, net3,237
3,961
4,448
4,194
15,840Investment (income) losses(662)
(1,194)
(1,096)
299
(2,653)Depreciation, amortization and accretion9,176
9,268
9,491
9,189
37,124Equity-based compensation expense1,778
1,779
1,708
1,747
7,012Adjusted EBITDA (Schedule E)$            25,609
$            19,204
$            23,942
$            36,178
$           104,933(Gain) loss on sale of assets(127)
(152)
(66)
(23)
(368)Other debt covenant adjustments145
347
177
121
790Debt covenant adjusted EBITDA$            25,627
$            19,399
$            24,053
$            36,276
$           105,355


















March 31, 2026








(in thousands,
except ratio)Term credit agreement







$           190,000Finance lease obligations







4,194Letters of credit and guarantees







3,050Total debt and commitments







197,244Unrestricted cash







35,473Debt covenant net debt and commitments






$           161,771Net leverage ratio







1.5Net leverage ratio is defined as debt excluding financing fees and discount on term loan and including finance lease obligations, other capital purchase liabilities, letters of credit and guarantees, less unrestricted cash, divided by trailing twelve months Adjusted EBITDA for credit facilities. Adjusted EBITDA for credit facilities consists of Adjusted EBITDA described above, less non-cash (gain) loss on sale of investments, (gain) loss on sales of assets and excluding bank fees and certain special or other charges (or credits).Cautionary Statement Regarding Forward Looking StatementsThis news release includes certain statements that are deemed to be forward-looking statements. Generally, the use of words such as "may," "see," "expectation," "expect," "intend," "estimate," "projects," "anticipate," "believe," "assume," "could," "should," "plans," "targets" or similar expressions that convey the uncertainty of future events, activities, expectations or outcomes identify forward-looking statements that the Company intends to be included within the safe harbor protections provided by the federal securities laws. These forward-looking statements include statements regarding our ability to achieve our ONE TETRA 2030 objectives with respect to revenue and Adjusted EBITDA as well as other 2030 goals discussed herein. These statements also include statements concerning economic and operating conditions that are outside of our control, including statements concerning the oil and gas industry; potential revenue associated with our electrolyte products and prospective energy storage projects; measured, indicated and inferred mineral resources of lithium, magnesium, and/or bromine, the potential extraction of lithium, bromine, magnesium and other minerals, including potential extraction of those minerals designated as critical minerals, from our Evergreen Unit and other leased acreage, the economic viability thereof, the demand for such resources, the timing and costs of such activities, and the expected revenues, including any royalties, profits and returns from such activities; the timing and success of our bromine production wells and the construction of our bromine processing facility and related engineering activities and estimated revenues and profitability thereof; projections or forecasts concerning the Company's business activities, including the completion of new projects, future results of operations, revenues, profitability, estimated earnings, earnings per share, estimated Adjusted EBITDA margins and statements regarding the Company's beliefs, expectations, plans, goals, future events and performance, and other statements that are not purely historical. With respect to the Company's disclosures of measured, indicated and inferred mineral resources, including bromine, lithium carbonate equivalent concentrations, and other minerals, it is uncertain if all such resources will ever be economically developed. Investors are cautioned that mineral resources do not have demonstrated economic value and further exploration may not result in the estimation of a mineral reserve. Further, there are a number of uncertainties related to processing lithium, which is an inherently difficult process. Therefore, you are cautioned not to assume that all or any part of our resources can be economically or legally commercialized. These forward-looking statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to several risks and uncertainties, many of which are beyond the control of the Company. With respect to the Company's disclosures regarding the joint venture with Magrathea and the joint venture for the Evergreen Unit, it is uncertain about the ability of the parties to successfully negotiate one or more definitive agreements, the future relationship between the parties, and the ability to successfully and economically produce magnesium, lithium, and/or bromine from TETRA's brine leases, including the Evergreen Unit. Investors are cautioned that any such statements are not guarantees of future performance or results and that actual results or developments may differ materially from those projected in the forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes in general economic conditions; opportunity risks, such as mineral extraction, demand therefor, or realizing industrial and other benefits expected from bromine processing; our ability to develop a bromine processing facility and risks inherent in the construction of such facility; the accuracy of our resources report or the timing of future updates to our resources report, feasibility study and economic assessment regarding our lithium, bromine and other mineral acreage; our ability to obtain any necessary additional capital to finance our development plans, including the construction of our bromine processing plant; equipment supply, equipment defects and/or our ability to timely obtain equipment components; competition from existing or new competitors; risks associated with changes in laws and regulations, or the imposition of economic or trade sanctions affecting international commercial transactions, including legislative, regulatory and policy changes, such as unexpected changes in tariffs, trade barriers, price and exchange controls; and other the factors described in the section titled "Risk Factors" contained in the Company's Annual Reports on Form 10-K, as well as other risks identified from time to time in its reports on Form 10-Q and Form 8-K filed with the Securities and Exchange Commission. Investors should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement, and the Company undertakes no obligation to update or revise any forward-looking statements, except as may be required by law. 





View original content to download multimedia:https://www.prnewswire.com/news-releases/tetra-technologies-inc-reports-strong-first-quarter-2026-results-maintains-2026-guidance-302757954.htmlSOURCE TETRA Technologies, Inc.

Original: TETRA TECHNOLOGIES, INC. REPORTS STRONG FIRST-QUARTER 2026 RESULTS MAINTAINS 2026 GUIDANCE

TETRA TECHNOLOGIES, INC. ANNOUNCES DATE FOR FIRST QUARTER 2026 EARNINGS CONFERENCE CALLApril 7, 2026 6:34 PM
PR Newswire (US)

SPRING, Texas, April 7, 2026 /PRNewswire/ -- TETRA Technologies, Inc. (NYSE:TTI) will release First Quarter 2026 results after the market closes on April 29, 2026. Brady Murphy, President and CEO, and Matt Sanderson, CFO, will host a conference call to discuss the results and outlook on April 30, 2026, at 10:30am ET. CLICK HERE to pre-register and obtain your dial in number and passcode. A replay will be available for thirty days following the conference call.Company Overview
TETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions that help make people's lives better. With operations on six continents, the Company's portfolio consists of Energy Services, Industrial Chemicals, and Critical Minerals. In addition to providing products and services to the oil and gas industry and calcium chloride for diverse applications, TETRA is expanding into the low-carbon energy market with chemistry expertise, key mineral acreage, and global infrastructure, helping to meet the demand for sustainable energy in the twenty-first century. Visit the Company's website at www.onetetra.com for more information or connect with us on LinkedIn.





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Original: TETRA TECHNOLOGIES, INC. ANNOUNCES DATE FOR FIRST QUARTER 2026 EARNINGS CONFERENCE CALL

Argentina Milestone: TPF Construction - LAS Project for YPF in Neuquén, Argentina!

TETRA TECHNOLOGIES, INC. TO PARTICIPATE IN THE PIPER SANDLER 26TH ANNUAL ENERGY CONFERENCEMarch 4, 2026 3:02 PM
PR Newswire (US)

SPRING, Texas, March 4, 2026 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced that Brady Murphy, Chief Executive Officer; Elijio Serrano, Chief Financial Officer; and Kurt Hallead, VP of Investor Relations and Treasurer, will be hosting one-on-one meetings with institutional investors on March 17, 2026 during the Piper Sandler 26th Annual Energy Conference in Las Vegas. Investors interested in scheduling one-on-ones meetings at the conference should contact their Piper Sandler sales representative.Company OverviewTETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions that help make people's lives better. With operations on six continents, the Company's portfolio consists of Energy Services, Industrial Chemicals, and Critical Minerals. In addition to providing products and services to the oil and gas industry and calcium chloride for diverse applications, TETRA is expanding into the low-carbon energy market with chemistry expertise, key mineral acreage, and global infrastructure, helping to meet the demand for sustainable energy in the twenty-first century. Visit the Company's website at www.onetetra.com for more information or connect with us on LinkedIn.





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Original: TETRA TECHNOLOGIES, INC. TO PARTICIPATE IN THE PIPER SANDLER 26TH ANNUAL ENERGY CONFERENCE

TETRA TECHNOLOGIES, INC. ANNOUNCES FOURTH-QUARTER AND STRONG FULL-YEAR 2025 RESULTS AND PROVIDES UPDATE ON STRATEGIC INITIATIVES


SPRING, Texas, Feb. 25, 2026 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced financial results for the three and twelve months ended December 31, 2025.

Fourth-Quarter 2025 Financial Highlights

Revenues of $146.7 million increased 9% from the fourth quarter of 2024

Loss from continuing operations was $15.3 million, inclusive of $18.7 million of unusual charges

Loss per share from continuing operations was $0.11 while Adjusted net income per share was $0.02, excluding unusual charges

Adjusted EBITDA was $20.4 million

Net cash provided by operating activities was $31.7 million - materially above the prior sequential quarter and the fourth quarter of 2024;

Adjusted free cash flow was $3.1 million and base business adjusted free cash flow was exceptionally strong at $21.8 million.

Brady Murphy, TETRA's President and Chief Executive Officer, stated, "We are pleased with our fourth-quarter performance and finishing 2025 with one of the strongest financial years in our history across our current segments.

Total year 2025 revenue was $631 million, income from continuing operations before taxes was $26.5 million and Adjusted EBITDA was $114 million. Revenue and Adjusted EBITDA were the highest in the last 10 years. Completion Fluids & Products segment led the way with record revenue, Adjusted EBITDA and Adjusted EBITDA margins, supported by a record industrial chemicals performance and a very strong deepwater fluids market position. Additionally, we finished the year with the highest volumes and revenue ever for the recycling and treatment of produced water, including first revenue from desalination for beneficial re-use in the Permian Basin."

"The fourth quarter was highlighted by $31.7 million of cash from operating activities and $21.8 million in base business adjusted free cash flow. This further improved our already strong balance sheet, as evidenced by a net leverage ratio of 1.1 times net debt to Adjusted EBITDA and unrestricted cash on hand of $72.6 million at year-end. Completion Fluids & Products Adjusted EBITDA margins were 28.2%. Water & Flowback Services Adjusted EBITDA margins were 12.9%."

"Additionally, we continued to make significant progress on the goals and milestones we outlined at our ONE TETRA 2030 Investor Day, which has received very positive feedback. We completed phase 1 of our Arkansas bromine project on time and under budget, placing and erecting the 120-foot-tall bromine tower and structure during the fourth quarter of 2025. We also secured access to additional volumes of bromine for 2026 and 2027 to meet incremental demand for completion fluids and electrolytes until our bromine plant is running, which is targeted for the fourth quarter of 2027. We completed the engineering study for a 25,000 bbls/day produced water desalination plant for beneficial reuse; however, our customers pivoted quickly in the fourth quarter by requesting engineering design for much larger-volume projects to support West Texas data center opportunities. We also executed a term sheet outlining the key parameters for a joint venture with Magrathea Metals, Inc. ("Magrathea") to monetize high concentrations of magnesium in our Arkansas brine. Magnesium is classified as a critical mineral by the U.S. government and is used to produce a highly valued metal for the Department of War and other U.S. industries. Deliveries of Eos electrolyte and PureFlow® continued to ramp up, and several capacity expansion projects at our plants, along with the added bromine supply, are expected to ensure we keep pace with their demand. It's been a very exciting year for TETRA, and we are on track to achieve our stated 2030 goals."

https://www.prnewswire.com/news-releases/tetra-technologies-inc-announces-fourth-quarter-and-strong-full-year-2025-results-and-provides-update-on-strategic-initiatives-302697624.html

TETRA TECHNOLOGIES, INC. AND MAGRATHEA METALS, INC. ADVANCE JOINT VENTURE PLANS TO PRODUCE MAGNESIUM IN ARKANSAS
December 02 2025 - 6:00AM
PR Newswire (US)

Critical mineral extraction represents another key step in ONE TETRA 2030 strategy

SPRING, Texas, Dec. 2, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced today that it has signed a term sheet outlining key parameters to form a joint venture with Magrathea Metals, Inc. (a private company developing innovative technology for producing clean, secure magnesium metal from seawater and brines) to rebuild America's magnesium metal defense industrial base at TETRA's Evergreen Project in Southwest Arkansas.

Magnesium is the "gateway metal" used across the defense industrial base and economy and is designated a critical mineral by the Department of Energy, Department of War, and Department of the Interior.

"We are thrilled to be working with a well-established global specialty chemicals and industrial minerals player like TETRA," said Alex Grant, CEO of Magrathea. "This joint venture will unlock the value created by our team over the past three years. We are now taking meaningful steps to evolve from a technology R&D lab to an industrial project co-developer."

TETRA is building a bromine production facility near Stamps, Arkansas, called the Evergreen Project. The plant is projected to produce 75 million lbs. of bromine annually and plans to begin operations by the end of 2027. Besides bromine, TETRA also plans to produce and monetize several critical minerals from the brine, including lithium and magnesium. Magrathea and TETRA are actively exploring ways to incorporate Magrathea's innovative electrolytic magnesium technology into the brownfield site.

"Our intention to work with Magrathea for the clean, high-quality domestic manufacturing and production of magnesium is another key step towards achieving our ONE TETRA 2030 strategy while supporting the U.S. initiative to develop a secure domestic supply of critical minerals," said Brady Murphy, President and CEO of TETRA. "Through our planned partnership, we would combine Magrathea's advanced process technology with TETRA's deep operational expertise and a world-class magnesium resource base from our Southwest Arkansas brine acreage. Magrathea has already secured Defense Production Act Title III funding from the Department of War to support its Commercial Phase 1, planned to be on-site at TETRA's Evergreen Plant. We are optimistic that further government support is possible for our future commercial plans."

"This proposed new venture proves what Arkansans have always known - our people and communities can compete with anyone in the world," said Governor Sarah Huckabee Sanders. "Magrathea and TETRA's investment builds on Arkansas' defense industry and ensures our nation's future is powered by American innovation."

Investor Contact
For further information, please contact Elijio Serrano, CFO, TETRA Technologies, Inc. at (281) 367-1983 or via email at eserrano@onetetra.com or Kurt Hallead, Treasurer and Vice President of Investor Relations at (281) 367-1983 or via email at khallead@onetetra.com.

About TETRA Technologies
TETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions that help make people's lives better. With operations on six continents, the Company's portfolio consists of Energy Services, Industrial Chemicals, and Critical Minerals. In addition to providing products and services to the oil and gas industry and calcium chloride for diverse applications, TETRA is expanding into the low-carbon energy market with chemistry expertise, key mineral acreage, and global infrastructure, helping to meet the demand for sustainable energy in the twenty-first century. Visit the Company's website at www.onetetra.com for more information or connect with us on LinkedIn. See also the cautionary note concerning estimates of Mineral Resources and Reserves as well as the full S-K 1300 Report dated September 22, 2025, available on TETRA's website under the Investors section at the Presentations link at www.onetetra.com.

About Magrathea Metals, Inc.
Magrathea is a technology company based in California that has developed a new generation of electrolytic process for making clean, secure magnesium metal from seawater and brines. Magnesium supply underpins trillions of dollars of trade and national security is impossible without it and Magrathea is the category leader in re-building ex-China supply of the critical material.

https://investorshub.advfn.com/stock-market/NYSE/tetra-technologies-TTI/stock-news/97356451/tetra-technologies-inc-and-magrathea-metals-inc

TETRA TECHNOLOGIES, INC. ANNOUNCES STRONG THIRD QUARTER 2025 RESULTS
October 28 2025 - 5:00PM
PR Newswire (US)

Third Quarter 2025 Financial Highlights

Revenue of $153 million increased 8% year over year

Net income before taxes of $8.1 million was flat year over year

Adjusted EBITDA of $25.0 million increased 7% year over year

Earnings per share were $0.03. Adjusted earnings per share were $0.04

Net cash provided by operating activities was $16.4 million, while base business free cash flow (defined below) was $5.4 million

THE WOODLANDS, Texas, Oct. 28, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced third quarter 2025 financial results.

Brady Murphy, TETRA President and Chief Executive Officer, stated, "Our employees delivered another strong quarter, contributing to a ten-year high adjusted EBITDA of $93 million for the first nine months of 2025. Third quarter results of $25.0 million of adjusted EBITDA, 16.3% of adjusted EBITDA margins and $5.4 million in base business free cash flow were achieved despite ongoing weakness in the U.S. onshore oil and gas markets. The team delivered an 8% year-over-year improvement in revenue driven by continued strength in our offshore and industrial calcium chloride businesses.

"Through the first nine months of the year, Completion Fluids & Products' adjusted EBITDA margin reached 34.5%, a 500 basis point improvement compared to the same period in 2024 driven by the successful completion of three TETRA CS Neptune wells in the Gulf of America along with increased demand for high density zinc-based bromine brines, strong contributions from Brazil deepwater projects and robust calcium chloride results in Northern Europe."

"Third quarter Completion Fluids and Products revenues increased 39% compared to the previous year period, with adjusted EBITDA rising by $6.9 million. Water & Flowback Services revenue declined 2% sequentially, despite a 12% drop in frac activity from the second quarter. Adjusted EBITDA margins improved to 11.9% from 9.9% driven by cost reduction initiatives and continued market penetration of automation and new technology."

"We ended the third quarter with $67 million of cash on hand and a net leverage ratio of 1.2 times trailing twelve month adjusted EBITDA. Our focus on operational execution and fiscal discipline continues to support our Arkansas investments and emerging growth initiatives. We remain focused on increasing return on capital and maximizing free cash flow."

"On the emerging growth initiatives, we are encouraged by the progress Eos Energy Enterprises, Inc. ("Eos") continues to make in automating their manufacturing assembly line to support the volumes of electrolyte they will require from us. We have completed the installation of our bulk electrolyte tanker loading system at our West Memphis plant and expect a significant increase in electrolyte volumes in early 2026. Following the commercial launch of our TETRA Oasis TDS water desalination technology, we engaged a third-party engineering firm and started the design for our first commercial 25,000/bbl per day facility. The Front-End Engineering and Design ("FEED") has been completed, and the estimated capital and operating expenses are within our initial projections for the project. This step is facilitating commercial discussions with multiple customers who have signed non-disclosure agreements ("NDAs")."

"Through the first nine months of the year, we have generated $58 million of base business free cash flow and invested $28 million towards the development of our Arkansas bromine processing facility, including prepping the site, laying initial foundation and pilings and positioning to receive the bromine tower in the fourth quarter. We are on schedule and under budget for Phase 1 of the project and remain confident that the plant will be fully operational by year-end 2027."

https://www.prnewswire.com/news-releases/tetra-technologies-inc-announces-strong-third-quarter-2025-results-302597502.html

TETRA TECHNOLOGIES, INC. OUTLINES ONE TETRA 2030 GROWTH STRATEGY FOR ENHANCED SHAREHOLDER VALUE AT NYSE INVESTOR DAY
September 25 2025 - 12:00PM
PR Newswire (US)

Outlines road map to double revenues and more than triple adjusted EBITDA and increase free cash flow by the end of the decade through expansion into the water desalination and energy storage sectors.

Management expects improved financial performance to support over $100 million of targeted annualized adjusted free cash flow by 2028 and beyond to transition to a return of capital allocation strategy.

THE WOODLANDS, Texas, Sept. 25, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) this morning outlined a path towards reshaping the Company by capitalizing on several key emerging growth initiatives that are positioned to evolve the Company's business profile and create long-term shareholder value.

Brady Murphy, President & Chief Executive Officer comments, "Our ONE TETRA 2030 strategy to focus on our core expertise around fluid chemistry will enable a new era of growth for TETRA. Our strategy leverages decades of fluids chemistry expertise to expand into new high-growth end markets that include battery electrolytes for long-duration energy storage and produced water desalination for beneficial reuse. We are targeting to more than double revenue and triple adjusted EBITDA by 2030 and targeting to generate over $100 million in annual adjusted free cash flow by 2028 and beyond, positioning TETRA to deliver meaningful returns to shareholders. By 2030, we expect that approximately two-thirds of our business will come from our Specialty Chemicals & Minerals and Water Treatment & Desalination segments. It is our intention to create new business segments to provide better visibility of our financial performance and allow those new revenue and earnings streams to be benchmarked against relevant industry peers."

Investor Day Highlights

By 2030, TETRA is targeting

Revenue to be between $1.2 billion and $1.3 billion, compared to $607 million (second quarter 2025 trailing twelve-month "Q2-2025 TTM"), representing a 15% compounded annual growth rate ("CAGR")

Adjusted EBITDA in the $300 million to $350 million range, compared to $114 million TTM Q2-2025 and adjusted EBITDA margins in the 25% to 28% range, compared to 18.9% TTM Q2-2025
EPS between $1.20-$1.30, and

Annualized adjusted free cash flow above $100 million from 2028 onwards.

To achieve these targets TETRA is expecting that subject to attainment of certain milestones, in 2027 it will begin reporting three business segments to allow investors to better assess the performance of the current oil and gas services and products business and the two new growth initiatives, which are outlined below.

Specialty Chemicals & Minerals is targeting 2030 revenue between $430 million and $460 million (five year CAGR >25%) with adjusted EBITDA margins in the 30% range as it is expected to (a) leverage its strong calcium chloride market position in the United States and Europe, (b) bring online in late 2027 its bromine processing facility to provide incremental bromine volumes at a lower cost than it is sourcing today, and (c) ship electrolytes volumes of 8 Gwhs by 2030, or sooner, to keep up with battery storage requirements supporting AI data centers.

Water Treatment & Desalination is targeting 2030 revenue between $340 million and $360 million (five year CAGR in excess of 55%) with adjusted EBITDA margins also in the 30% range as TETRA capitalizes on its recently deployed TDS Oasis desalination technology. TETRA expects that by 2030 it will have built 10 water desalination plants processing over 500,000 barrels of produced water per day. The plants will be a combination of business models with a license model where operators or midstream companies fund the project, or TETRA funds the desalination equipment and technology with non-dilutive project level capital. At the Investor Day session Thursday morning, the Commissioner of the Texas Railroad Commission via video summarized the challenges the oil and gas industry is facing and encouraged the industry to embrace technology such as water treatment and desalination to address the challenge.

Energy Services is targeting 2030 revenue between $440 million and $460 million with EBITDA margins in the mid 20% range as TETRA focuses on the offshore deepwater market capitalizing on lower tertiary activity that requires TETRA's high-end completion fluids, which will also benefit from additional volumes at a lower cost from the bromine plant.
As part of the Investor Day presentation, TETRA outlined several key milestones that it expects to achieve between now and 2027 that are expected to lead toward the 2030 targets. TETRA management further indicated that by 2028 upon completion of the bromine project it intends to shift capital allocation strategy from an investment to expand into the growth initiatives to returning capital to shareholders with debt reduction and dividends and/or share repurchases.

The investor presentation is available on our website. Please visit the Investors section at www.onetetra.com to view it.

Company Overview

TETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions that help make people's lives better. With operations on six continents, the Company's portfolio consists of Energy Services, Industrial Chemicals, and Critical Minerals. In addition to providing products and services to the oil and gas industry and calcium chloride for diverse applications, TETRA is expanding into the low-carbon energy market with chemistry expertise, key mineral acreage, and global infrastructure, helping to meet the demand for sustainable energy in the twenty-first century. Visit the Company's website at www.onetetra.com for more information or connect with us on LinkedIn.

NYSE Content Advisory: Pre-Market Update + President of South Korea rings Opening Bell

September 25 2025 - 8:55AM
PR Newswire (US)

NEW YORK, Sept. 25, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.


Ashley Mastronardi delivers the pre-market update on September 25th

Equities are fractionally lower following two straight days of losses across the major averages. Investors will focus on new developments in the AI trade, as well as key economic data out ahead of today's open.

The Labor Department released its latest weekly jobless claims data this morning amid a cooling labor market. Fed Chair Jerome Powell said this week that weakness in the labor market is outweighing concerns about sticky inflation.

Today at the New York Stock Exchange, the President of South Korea, Lee Jae Myung, will ring the Opening Bell amid the 80th session of the United Nations General Assembly.

Opening Bell
H.E. Lee Jae Myung, President of South Korea, rings the Opening Bell

Closing Bell
Tetra Technologies (NYSE: TTI) celebrates ONE TETRA – The Path to 2030

TETRA TECHNOLOGIES, INC. ANNOUNCES RESOURCE UPGRADE FOR ARKANSAS BROMINE PROJECT AND ADDITIONAL CRITICAL MINERALS
September 23 2025 - 8:00AM
PR Newswire (US)

Investor Day Scheduled for September 25 at the New York Stock Exchange

THE WOODLANDS, Texas, Sept. 23, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced today an updated resources report prepared in accordance with Regulation S-K 1300: Definitive Feasibility Study ("DFS"). RESPEC loop Company, LLC ("RESPEC") prepared the Technical Report Summary dated September 22, 2025 (the "Resource Report") as an update to its August 2024 resources and reserves report and incorporates the results of the DFS, including bromine reserve determinations, as of August 1, 2025.

Brady Murphy, TETRA's president and CEO said, "Following the completion of our final exploration well in our Evergreen Unit, the processing of additional seismic data and the publishing of Smackover Lithium's SWA Phase 1 Definitive Feasibility Study, we are very encouraged by our updated DFS report. The updated DFS report reflects very positive results, advancing the classification of bromine and lithium resources and increasing the totals in the Measured and Indicated Mineral Resources categories. In addition, the report identifies the presence of significant volumes of magnesium and manganese – which together with lithium have been classified as critical minerals by the US government."

Highlights from the updated Resource Report include:

TETRA's expanded Evergreen Unit Bromine Resources (Measured and Indicated) increased by 173% and total 431 ktons from the previously reported 158 ktons. Proven and probable bromine reserves remain consistent with the prior report of 744 ktons. TETRA holds 65% working interest in the expanded Evergreen Brine unit as further detailed below.

Measured and Indicated Bromine Resources increased from 158 ktons to 3.57 million tons across all TETRA acreage.

TETRA's expanded Evergreen Unit lithium resources (Measured and Indicated) increased by 163% to 585 ktons of lithium carbonate equivalent (LCE) from the previously reported 222 ktons.

The identification of Magnesium resources (Measured and Indicated) of 2.18 million tons across all TETRA brine lease acreage, which had not been included in previous reports. An additional 1.88 million tons of Magnesium Inferred Resources are reported.

Manganese Resources (Measured and Indicated) of 47,000 tons across all TETRA brine lease acreage, which had not been included in previous reports.

*See cautionary note concerning estimates of Mineral Resources and Reserves.
Brady Murphy further stated, "This is another very positive step for our plans for the future development of our Arkansas resources. Based on our plans for our bromine plant and production, this update further validates the volumes of bromine resources that are expected to be available to support our investments and growth initiatives. The upgraded lithium resources in our Evergreen Unit, as well as the positive announcement from Smackover Lithium (discussed below), are also very encouraging. The identification of concentrations of magnesium and manganese, which the U.S. government designated as critical minerals, in these same resources, is also a very important development as we explore technology and partnerships to extract these critical minerals."

In addition, Smackover Lithium, a joint venture between Standard Lithium Ltd. ("Standard Lithium" (TSXV: SLI) (NYSE.A: SLI)) and Equinor (NYSE: EQNR), on September 3, 2025, reported a total of 780 ktons of proven and probable LCE reserves and an additional 515 ktons of Measured and Indicated Resources on approximately 35,000 acres where TETRA is the brine lease holder. Smackover Lithium acquired rights to lithium pursuant to an Option Agreement, and in exchange, TETRA will receive a 2.5% royalty on any gross proceeds that may be realized from the lithium recovered from these holdings. All other minerals, including bromine, within the 35,000 Option Agreement acreage are owned by TETRA.

TETRA currently owns mineral rights to approximately 40,000 acres of brine leases in Southwest Arkansas, which contain bromine, lithium, magnesium, manganese, and other key minerals. Although bromine is the initial target for TETRA's commercial project as outlined in the DFS report, lithium, magnesium, and manganese have been designated as critical minerals by the U.S. government and will be present in TETRA's future brine production along with the bromine.

The various acres and units where TETRA holds brine interests and mineral rights are summarized below.

Evergreen Brine Unit: The expanded Evergreen Brine Unit includes approximately 6,953 gross acres of brine interests. All minerals produced from brine in this unit are owned 65% by TETRA and 35% by Saltwerx LLC, a subsidiary of Exxon Mobil. The Evergreen Brine Unit consists of the initial Evergreen Brine Unit approved by the AOGC in October 2023 together with an adjacent Evergreen Expansion Brine Unit approved by the AOGC in early 2025.

Reynolds Brine Unit: In addition, the 20,854 gross acres in the Reynolds Brine Unit are primarily held under TETRA brine leases as approved by the AOGC in early 2025. Although TETRA owns all the brine leases within the Reynolds Brine Unit, the operator of the Reynolds Brine Unit is SWA Lithium LLC, which is the joint venture between Standard Lithium Ltd and Equinor. SWA Lithium (now Smackover Lithium) acquired rights to lithium in the 20,854-acre Reynolds Unit from TETRA pursuant to the Option Agreement. In exchange, TETRA will receive a 2.5% royalty on the gross proceeds from the sale of lithium products. All other minerals, including bromine, within the Reynolds Brine Unit are owned by TETRA.

Non-Unitized Acreage: In addition, TETRA also holds mineral rights in 10,951 net acres of remaining brine leases in Southwest Arkansas that are not part of either the Evergreen Unit or Reynolds Brine Unit. These additional 10,951 net acres of brine leases are not yet unitized. Of those, 9,114 of these non-unitized net acres are part of the Option Agreement pursuant to which Smackover Lithium holds the lithium rights. Pursuant to the Option agreement, TETRA will receive a 2.5% royalty on lithium proceeds, and TETRA retains ownership of all other minerals. For the remaining 1,837 non-unitized net acres, TETRA holds all mineral rights including lithium.

See cautionary note concerning estimates of Mineral Resources and Reserves as well as the full S-K 1300 Report dated September 22, 2025, available on our website under the Investors section at the Presentations link at www.onetetra.com.

Investor Day Registration
TETRA's executive team will be hosting an Investor Day on Thursday, September 25, 2025, at 8:30AM EST, at The New York Stock Exchange ("NYSE"). Click here to Register to listen via web cast. The investor presentation will be available on our website in the morning of September 25. Please visit the Investors section at www.onetetra.com to view it.

Company Overview
TETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions that help make people's lives better. With operations on six continents, the Company's portfolio consists of Energy Services, Industrial Chemicals, and Critical Minerals. In addition to providing products and services to the oil and gas industry and calcium chloride for diverse applications, TETRA is expanding into the low-carbon energy market with chemistry expertise, key mineral acreage, and global infrastructure, helping to meet the demand for sustainable energy in the twenty-first century. Visit the Company's website at www.onetetra.com for more information or connect with us on LinkedIn.

TTI being shorted, every day, just not enough volume

TETRA TECHNOLOGIES, INC. ANNOUNCES STRONG SECOND QUARTER 2025 RESULTS AND PROVIDES FULL YEAR GUIDANCE
July 29 2025 - 5:00PM
PR Newswire (US)

Second Quarter 2025 Financial Highlights

Revenue of $174 million increased 11% sequentially

Net income before taxes of $19.4 million increased $14.4 million sequentially

Adjusted EBITDA of $35.9 million increased $3.6 million sequentially from $32.3 million

GAAP earnings per share were $0.08. Adjusted earnings per share were $0.09

Net cash provided by operating activities was $48.3 million, while free cash flow from the base business was $37.4 million

Capital expenditures were $19 million, including $10.9 million related to TETRA's Arkansas project

THE WOODLANDS, Texas, July 29, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced second quarter 2025 financial results.

Brady Murphy, TETRA President and Chief Executive Officer, stated, "Our employees delivered an exceptional second quarter with Adjusted EBITDA of $35.9 million, adjusted EBITDA margins of 20.6% and base business free cash flow of $37.4 million – all above our expectations. The $68.1 million adjusted EBITDA for the first six months of 2025 is a historical record for our current reporting segments and $3.1 million above the upper range of guidance that we provided in our first quarter 2025 earnings press release. The team delivered an 11% sequential improvement in revenue that included the successful completion of the three well CS Neptune Gulf of America project and another very strong northern Europe industrial chemicals season. This performance was achieved despite a sixteen-month decline in the U.S. rig count and lower oil prices due to overall market uncertainty."

"Compared to the first quarter of 2025, Completion Fluids & Products adjusted EBITDA margin increased by 100 basis points to 36.7% driven by the successful completion of the final two TETRA CS Neptune wells in the Gulf of America and the seasonally strong calcium chloride business in Northern Europe. Revenue for Water & Flowback Services was flat compared to the first quarter, outperforming US frac activity that declined 14%. Our automated technology fleet, including Sandstorm and Automated Drillout, continues to gain traction in the market and has been recognized for reducing manpower and removing employees from the well-site danger zone (the "red zone"). Adjusted EBITDA margins of 10% were down from 13% in the first quarter. Excluding approximately $2 million of costs not expected to repeat in the third quarter, adjusted margins would have been flat. We will continue to adjust our cost structure for the US onshore business to protect margins and maximize free cash flow."

"On the balance sheet, we ended the second quarter with cash on hand of $69 million, a net leverage ratio of 1.2 times adjusted EBITDA, and a return on net capital employed of 17.9%, meaningfully above our cost of capital. Our continued focus on executing on the base business and management of the balance sheet continues to support our Arkansas investment and to move forward with our emerging growth initiatives."

"On the emerging growth initiatives, we are very encouraged by the progress of the Eos Energy Enterprises, Inc. automated manufacturing assembly line and the projected volumes of electrolyte to meet their planned ramp-up. We have completed the installation of our bulk electrolyte tanker loading system at our plant in West Memphis to support higher volumes. Following the commercial announcement of our Oasis TDS water desalination technology, we engaged a third-party engineering firm and launched the engineering design of a first commercial plant. This step will facilitate commercial discussions for the multiple clients that have executed non-disclosure agreements ("NDAs") and visited our research center to gain insight into TDS Oasis."

"On the back of the $53 million of base business free cash flow that we have generated in the first half of the year, we invested $22 million also in the first half of the year into the development of our Arkansas bromine processing facility, including preparing the site and bromine tower for the plant. We have also secured the necessary power required to operate the plant."

https://ih.advfn.com/stock-market/NYSE/tetra-technologies-TTI/stock-news/96518720/tetra-technologies-inc-announces-strong-second-q

TTI price target $6.00

TETRA Liquid Calcium Chloride and Sodium Chloride Operations, Mojave Desert, CA

TTI MINI MONSTER

TETRA TECHNOLOGIES, INC. ANNOUNCES $190 MILLION 6-YEAR FUNDED TERM LOAN TO REFINANCE MATURING DEBT AND A $75 MILLION DELAYED DRAW TERM LOAN TO PROVIDE CAPITAL FOR THE PLANNED BROMINE PROCESSING PROJECT
January 15 2024
https://ih.advfn.com/stock-market/NYSE/tetra-technologies-TTI/stock-news/93043109/tetra-technologies-inc-announces-190-million-6

Eos Energy Enterprises and TETRA Technologies, Inc. Extend Partnership, Expanding Electrolyte Production Capacity
January 09 2024 - 07:30AM
https://ih.advfn.com/stock-market/NYSE/tetra-technologies-TTI/stock-news/92993227/eos-energy-enterprises-and-tetra-technologies-inc

Tetra Technologies surges as Reuters says partnering with Exxon on lithium work
Nov. 13, 2023
Tetra Technologies (NYSE:TTI) +12.1% in Monday's trading following Exxon Mobil's (XOM) announcement that it has launched lithium operations in Arkansas, and Reuters reported Tetra will be an Exxon partner in the work.

Reuters had reported in June that Tetra (TTI) had issued a little noticed press release that it had signed an agreement with Saltwerx, an Exxon (XOM) subsidiary, to develop ~6K acres of salty brine deposits in Arkansas that are filled with lithium and bromine, although it provided few additional details.

Neither company has provided a production or development timeline, or financial details, although Exxon (XOM) will contribute ~2K acres and Tetra (TTI) ~4K acres to the partnership, according to the June report.

Tetra (TTI) currently buys bromine from Lanxess to produce a material used by Eos Energy Enterprises to manufacture batteries.
https://seekingalpha.com/news/4035615-tetra-technologies-surges-as-reuters-says-partnering-with-exxon-on-lithium-work

Oilfield Technology Spotlight: The Sands of Brine

October 30 2023 TETRA TECHNOLOGIES, INC. ANNOUNCES THIRD QUARTER 2023 FINANCIAL RESULTS AND PROVIDES UPDATE ON ARKANSAS BROMINE AND LITHIUM BRINE UNIT

https://ih.advfn.com/stock-market/NYSE/tetra-technologies-TTI/stock-news/92404414/tetra-technologies-inc-announces-third-quarter-2

TETRA TECHNOLOGIES, INC. ANNOUNCES THIRD QUARTER 2023 EARNINGS RELEASE CONFERENCE CALL AND WEBCAST
October 16 2023

THE WOODLANDS, Texas , Oct. 16, 2023 /PRNewswire/ -- October 16, 2023 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced today that it will release third quarter 2023 results after the closing of the market on Monday, October 30, 2023. On October 31, 2023, TETRA will host a conference call at 10:30 a.m. Eastern Time to discuss the results. Brady M. Murphy, President and CEO, and Elijio V. Serrano, Senior Vice President and CFO, will host the call.

TETRA invites you to listen to the conference call by calling the toll-free phone number 1-888-347-5303. The conference call will also be available by live audio webcast. The news release will be available on the Company's website prior to the conference call. A replay of the conference call will be available at 1-877-344-7529 conference number 4719291, for one week following the conference call and the archived webcast will be available through the Company's website for thirty days following the conference call.
https://ih.advfn.com/stock-market/NYSE/tetra-technologies-TTI/stock-news/92285145/tetra-technologies-inc-announces-third-quarter-2

THE WOODLANDS, Texas, Sept. 21, 2022 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) announced the completion of its maiden inferred bromine and lithium brine resource estimation report for its brine minerals leased acreage in the Smackover Formation in Southwest Arkansas. The technical report summary, which is available in its entirety on TETRA's website Investor Relations - Presentations (tetratec.com), reflects the following.

TETRA has identified a direct lithium extraction (DLE) technology based on adsorption/desorption using a proven, commercially available resin that is currently being successfully used in commercial lithium extraction operations from salar brines. Using our lithium-rich Arkansas brine samples from our recently completed test well, our inferred resource report details the excellent DLE laboratory and pilot unit results from our research group at our TETRA Innovation Group Technology Center in Conroe, Texas.

"The inferred resource report also confirms that the Smackover Formation is enriched in bromine (an average of 5,371 mg/liter) and lithium (an average of 416 mg/liter), which we expected based on our previously disclosed test well fluid sampling results. Based on the recent test well drilled on the TETRA 5,000 acres, the brine samples from the Upper Smackover Member within that well yielded the highest recorded lithium values (461-489 mg/liter) within the Upper Smackover Member, which may indicate uniquely elevated lithium brine within the targeted acreage where TETRA retains both the bromine and lithium rights.

https://www.prnewswire.com/news-releases/tetra-technologies-inc-announces-maiden-inferred-resources-of-5-25-million-tons-of-elemental-bromine-and-234-000-tons-of-lithium-carbonate-equivalent-301630186.html

TTI new 52 week high

TTI new 52 week high

TTI new 52 week high

Thanks for your interest
Download - TETRA AOGC Brine Unit Hearing Materials July 25, 2023
https://tetratec.com/thank-you-tetra-aogc-brine-unit-hearing-materials-july-25-2023/?submissionGuid=ba43fbef-d4e5-4f2c-859c-405bea04f152

Evergreen Brine Unit
Updated Jul 31, 2023
https://www.magnoliareporter.com/pdf_6892fecc-2f88-11ee-9a9d-17da0704a8bd.html

pdf
https://bloximages.chicago2.vip.townnews.com/magnoliareporter.com/content/tncms/assets/v3/editorial/6/89/6892fecc-2f88-11ee-9a9d-17da0704a8bd/64c7854cd74fc.pdf.pdf

$TTI - 👆Up 8% Pre-Market/ Current Price $5.02
Announces Strong Second Quarter 2023 Results With Revenue Of $175.5 Million, Gaap Eps Of $0.14, Gaap Net Income Of $18.2 Million And Adjusted Ebitda Of $36.0 Million

TETRA TECHNOLOGIES, INC. EXPECTS SECOND QUARTER NET INCOME BEFORE TAXES AND DISCONTINUED OPERATIONS AND ADJUSTED EBITDA TO BE ABOVE THE PREVIOUS GUIDANCE AND COMMENCES LITHIUM FEED STUDY ON ARKANSAS BRINE LEASES
Additionally, the second test well TETRA was drilling in the Smackover Formation in Southwest Arkansas has been completed with fluid sampling tests underway. The results from this well will be used to update the previously reported Inferred Resources Study for bromine and lithium. TETRA has also engaged Hargrove and Associates to execute a front-end engineering and design study ("FEED") for a lithium production facility. The lithium plant design will be optimized to share the production wells, injection wells, and pipelines consistent with the previously completed FEED study for the bromine plant, which was completed during the first quarter of 2023.
https://ih.advfn.com/stock-market/NYSE/tetra-technologies-TTI/stock-news/91505251/tetra-technologies-inc-expects-second-quarter-ne

Lithium and Bromine Assets

TETRA has over 27,000 acres of brine leases in Arkansas with lithium carbonate equivalent exploration targets of 884,000 tons and an estimated 3.9 million tons of bromine, positioning us to participate in recent energy storage advances using bromine technologies and zinc bromide.

Large scale energy storage will be required to achieve the full potential of renewable energy, and technological advances using zinc bromide are promising. Using TETRA’s patented elemental bromine production process at our facilities in West Memphis, Arkansas, TETRA produces TETRA PureFlow® ultra-pure zinc bromide clear brine fluid, one of the highest purity zinc bromides available to the industry today, and a primary attribute for energy storage applications.

Our agreements with Standard Lithium Ltd. in 2017 and 2018 gives them the right to explore, produce, and extract lithium in our Arkansas leases and the additional potential resources in the Mojave region (San Bernardino county) of California. In a separate project, Standard Lithium announced the shipment of its first large volume of lithium chloride product from their Direct Lithium Extraction Demonstration Plant near El Dorado, Arkansas, for final conversion to lithium carbonate. Read our press release to learn more about our key mineral asset development initiatives.

https://tetratec.com/low-carbon-solutions/lithium-and-bromine-resources/?_gl=1*1nni863*_ga*MjEzNjEwNjA0NC4xNjg4MDQ2NDYz*_ga_SEBM2LZE37*MTY4ODA1MjcwNi4yLjEuMTY4ODA1NTAxMC41OC4wLjA.

Shares Outstanding
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https://ir.tetratec.com/financial-information

THE WOODLANDS, Texas, May 1, 2023 /PRNewswire/ --TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI)

today announced first-quarter 2023 financial results. Brady Murphy, TETRA President and Chief Executive Officer, stated, "First quarter results came in as expected representing a solid start to 2023 and setting the foundation for a very strong second quarter."

First quarter 2023 revenue of $146 million increased 12% from the first quarter of 2022 but decreased 1% from the fourth quarter of 2022. Net income before discontinued operations was $6.0 million, inclusive of $2.0 million of non-recurring credits, net of charges, mainly from a favorable cash insurance settlement. This compares to net income before discontinued operations of $7.7 million, inclusive of $0.6 million of non-recurring credits, net of charges, in the first quarter of 2022 and to a net loss before discontinued operations of $1.8 million in the fourth quarter of 2022, inclusive of $4.3 million of non-recurring charges and expenses. Net income per share attributable to TETRA stockholders was $0.05 in the first quarter compared to net loss per share of $0.01 in the fourth quarter of 2022 and net income per share from continuing operations of $0.06 in the first quarter of 2022.

Adjusted EBITDA for the first quarter of 2023 was $20.6 million (14.1% of revenue) compared to $20.3 million (13.8% of revenue) in the fourth quarter of 2022, and up slightly compared to $20.5 million (15.7% of revenue) in the first quarter of 2022. The first quarter of 2023 included unrealized losses on investments of $504,000. Excluding these unrealized losses on investments, Adjusted EBITDA for the first quarter of 2023 was $21.1 million, the highest Adjusted EBITDA, excluding unrealized gains or losses on investments, since the first quarter of 2020.

Cash flow from operating activities was $9.0 million in the first quarter of 2023 compared to cash used in operating activities of $7.0 million in the fourth quarter of 2022 and compared to cash flow from operating activities of $5.9 million in the first quarter of 2022. Adjusted free cash flow from continuing operations was a use of $3.7 million after funding capital expenditures of $12.5 million, net of proceeds. The first quarter has traditionally used cash due to the timing of significant annual payments, including property taxes and employee incentive cash bonuses for the prior year. Inventory expanded in the first quarter in anticipation of the second quarter seasonal peak in the European industrial chemicals business. Working capital at the end of the first quarter was $109 million. Working capital is defined as current assets, excluding cash and restricted cash, less current liabilities.

Brady Murphy further stated, "In the first quarter, both segments increased Adjusted EBITDA and improved Adjusted EBITDA margins quarter-over-quarter offsetting higher corporate expenses from one-off increased legal and benefits costs. Water & Flowback Services Adjusted EBITDA margins improved 180 basis points from 14.9% in the fourth quarter of 2022 to 16.7% in the first quarter of 2023. Completion Fluids & Products revenue increased 4% sequentially and Adjusted EBITDA margins improved sequentially from 24.2% to 26.1%, primarily driven by our European industrial chemicals business where operations have nearly returned to the levels prior to the Russia and Ukraine conflict with stronger pricing in place. First quarter results also reflect a full quarter contribution from the fluids business acquisition late last year in the North Sea, which performed above expectations. In March 2023, we signed a purchase and sale agreement to expand our completion fluids operational capacity in Brazil. The acquisition is expected to close during the second quarter of 2023, subject to government approvals. This investment, in addition to the Gulf of Mexico and North Sea investments from the prior quarter, will complete our planned expansions in three of our key offshore markets in advance of what we believe to be an extended offshore upcycle.

https://ir.tetratec.com/2023-05-01-TETRA-TECHNOLOGIES,-INC-ANNOUNCES-FIRST-QUARTER-2023-REVENUE-OF-146-MILLION-AND-EPS-OF-0-05-AND-PROVIDES-SECOND-QUARTER-GUIDANCE

Company Overview
Founded in 1981, TETRA Technologies, Inc. (NYSE: TTI) is an energy services and solutions company, focused on completion fluids, calcium chloride, water management solutions, frac flowback and production well testing services. Calcium chloride is used in the oil and gas, industrial, agricultural, road, food and beverage markets. TETRA is evolving its business model by expanding into the low carbon energy markets with its chemistry expertise, key mineral acreage and global infrastructure. Low carbon energy initiatives include commercialization of TETRA PureFlow®, an ultra-pure zinc bromide clear brine fluid for stationary batteries and energy storage; advancing an innovative carbon capture utilization and storage technology with CarbonFree to capture CO2 and mineralize emissions to make commercial, carbon-negative chemicals; and development of TETRA’s lithium and bromine mineral acreage to meet the growing demand for oil and gas products and energy storage.

https://ir.tetratec.com/investor-overview

Looks like I chased this rabbit in the past.

THE WOODLANDS, Texas, June 26, 2023 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced that it has entered into a Memorandum of Understanding ("MOU") with Saltwerx LLC ("Saltwerx"), an indirect wholly owned subsidiary of a Fortune 500 company, whereby they will pool certain of their respective brine mineral rights in Arkansas' Smackover Formation, in support of an application for an approximately 6,000 acre Brine Production Unit ("Brine Unit") with the Arkansas Oil & Gas Commission ("AOGC") and potential bromine and lithium extraction from the brine produced from such Brine Unit.

Contingent on Brine Unit approval by the AOGC, TETRA and Saltwerx have agreed to collaborate in key areas, including upstream design and development to optimize long-term brine production, technology development for lithium extraction, and associated engineering studies required to develop the proposed Brine Unit. As part of the MOU, subject to AOGC approval of the Brine Unit, TETRA and Saltwerx have agreed to work together to negotiate operating, joint venture and/or joint development agreements relating to the development of the Brine Unit.

Additional information may be found in the current report on Form 8-K filed by the Company on June 23, 2023. https://www.sec.gov/ix?doc=/Archives/edgar/data/844965/000095017023029677/tti-20230619.htm.

https://ir.tetratec.com/2023-06-26-TETRA-TECHNOLOGIES,-INC-AND-SALTWERX,-LLC-ENTER-INTO-A-MEMORANDUM-OF-UNDERSTANDING-REGARDING-A-PROPOSED-BRINE-PRODUCTION-UNIT-IN-THE-SMACKOVER-FORMATION

Tetra Tech, a company built on Leading with Science
https://investor.tetratech.com/home/default.aspx

Congratulations Brady Murphy and team at TTI! Now on to that $1b market cap valuation in February. Well done.

Very short runway... an announcement that one of TTI's SVP's will start focusing on doing his job is not newsworthy in my opinion.

The window for divesting CCLP is closing. Investors are growing impatient and want results, not feel-good announcements about executive retirements or 2021 goal setting.

Tetra Technologies Q3 Adj. EPS $(0.09) Beats $(0.10) Estimate, Sales $152.60M Miss $167.40M Estimate
7:36 am ET November 3, 2020 (Benzinga) Print

Tetra Technologies (NYSE:TTI) reported quarterly losses of $(0.09) per share which beat the analyst consensus estimate of $(0.10) by 10 percent. This is a 350 percent decrease over losses of $(0.02) per share from the same period last year. The company reported quarterly sales of $152.60 million which missed the analyst consensus estimate of $167.40 million by 8.84 percent. This is a 37.95 percent decrease over sales of $245.95 million the same period last year.

Hope so...the only thing that will keep them alive...will need positive info tomorrow or else...

they might be shopping it

Any idea when they might divest it?

During the Q&A part on the conference, someone asks about shareholder value.

CCLP the spinoff, allows to explore opportunities

Tetra Technologies, Inc. To Present At The Microcap Rodeo Best Ideas Bowl Conference

TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI), announced that management will present at the MicroCap Rodeo Conference on October 14, 2020.

Brady Murphy, President and Chief Executive Officer, and Elijio Serrano, Senior Vice-President and Chief Financial Officer of TETRA Technologies, are scheduled to present on Wednesday, October 14th at 10:00 A.M. Eastern Time (9:00 A.M. Central Time), and will be hosting one-on-one meetings on October 14 and October 15, 2020.


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I wonder why they think they are a best idea

https://seekingalpha.com/article/4371932-tetra-technologies-is-misunderstood-energy-tech-innovator-multiple-shots-on-goal

The New York Stock Exchange (the “NYSE”) has granted TETRA Technologies, Inc. (“TETRA” or the “Company”) an extension until our next regularly scheduled annual stockholder meeting, anticipated to take place in May 2021, to regain compliance with the minimum share price and minimum average share price requirements under Section 802.01C of the NYSE Listed Company Manual (“Section 802.01C”).



If the Company’s share price does not increase to the required thresholds by May 2021, the Company will take the actions necessary to regain compliance with the requirements of Section 802.01C, including, if necessary, implementing a reverse stock split, subject to approval by the Company’s board of directors and stockholders.

Trend is up (and this isn't a super fast mover). You are going to have down days. The lows keep stopping a little shallower and the highs creep higher. We are ahead of Tuesday last week and Tuesdays are notorious low days.

WTF?