Tetra Technologies Inc
F:TGI

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Tetra Technologies Inc Logo
Tetra Technologies Inc
F:TGI
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Price: 7.25 EUR -2.68% Market Closed
Market Cap: €950.7m

Tetra Technologies Inc
Investor Relations

Tetra Technologies makes and supplies specialized chemicals and services for the energy and industrial markets. Its core products include brines, calcium chloride, and other fluids used in oil and gas drilling, well completion, pressure control, and production. It also provides related field services and equipment for moving, storing, and treating these fluids. Its main customers are oil and gas producers, well service companies, and industrial users that need reliable fluid handling or chemical products for tough operating conditions. Tetra usually earns money by selling chemicals and fluids, renting or selling equipment, and charging for services tied to the use, recovery, treatment, and disposal of those materials. In some areas, it also earns fees from decommissioning and environmental work. What makes Tetra different is that it sits in a practical middle layer of the energy supply chain: it does not drill wells itself, but it supplies the materials and hands-on services that make drilling, completion, and cleanup possible. That gives it a business tied to real operating needs rather than consumer demand, with revenue linked to activity levels in oil and gas and to long-life industrial and environmental service work.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Aug 4, 2026
AI Summary
Q2 2026

Revenue: TETRA reported second-quarter revenue of $185.7 million, up 19% sequentially and 7% year over year, with management calling it one of the best second quarters in a decade.

Profitability: Adjusted EBITDA rose to $31.9 million and adjusted EBITDA margin improved to 17.2%, helped by stronger international offshore activity and higher sales in Completion Fluids and Water & Flowback.

Strategic wins: The company announced key milestones including the launch of TETRA Neptune Z-Lite, a Beacon Offshore contract, and final investment decision on the Arkansas Bromine project.

Demand: Management said deepwater, Argentina, and electrolyte demand remained strong, while Middle East disruptions delayed some fluid sales and created uncertainty for the rest of 2026.

Outlook: TETRA said base business should perform in line with market expectations, but 2026 second-half results could swing meaningfully based on Neptune job timing and Middle East conditions.

Growth drivers: The company highlighted growing opportunities in produced-water desalination for data centers, especially after new hyperscaler discussions, plus longer-term optionality in lithium and magnesium.

Key Financials
Revenue
$185.7 million
Adjusted EBITDA
$31.9 million
Income from continuing operations
$10.2 million
Adjusted EBITDA margin
17.2%
Completion Fluids & Products revenue
$113.1 million
Completion Fluids & Products adjusted EBITDA margin
26.4%
Water & Flowback Services revenue
$72.5 million
Water & Flowback Services adjusted EBITDA margin
14.8%
Cash generated by operating activities
$34.4 million
Capital expenditures
$23.3 million
Base business adjusted free cash flow
$22.8 million
Total adjusted free cash flow
$9.9 million
Cash and cash equivalents
$154.6 million
Total debt
$183.3 million
Net debt
$28.7 million
Net leverage ratio
0.4x
Equity offering proceeds
approximately $108 million
Arkansas Bromine project completion
fourth quarter 2027
Eos stated capacity
4 gigawatt hours by year-end heading into 2027
Lithium price
above the $20,000 per metric ton mark
Other Earnings Calls

Management

Mr. Brady M. Murphy
President, CEO & Director
No Bio Available
Mr. Elijio V. Serrano C.P.A.
Senior VP, CFO & Principal Accounting Officer
No Bio Available
Mr. Matthew J. Sanderson
Executive VP & Chief Commercial Officer
No Bio Available
Mr. Timothy C. Moeller
Senior Vice-President of Global Supply Chain & Chemicals
No Bio Available
Mr. Roy Evan McNiven
Senior Vice President of Energy Services Operations
No Bio Available
Rigo Gonzalez
Corporate Finance & Investor Relations Manager
No Bio Available
Ms. Alicia P. Boston
General Counsel & Chief Compliance Officer
No Bio Available
Mr. Kimberly M. O'Brien
Corporate Secretary
No Bio Available
Mr. Jacek M. Mucha
Vice President of Finance & Treasurer
No Bio Available

Contacts

Address
TEXAS
The Woodlands
24955 Interstate 45
Contacts
+12813671983.0
www.tetratec.com
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