Tetra Technologies Inc
F:TGI

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Tetra Technologies Inc Logo
Tetra Technologies Inc
F:TGI
Watchlist
Price: 9 EUR 4.05% Market Closed
Market Cap: €1.2B

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
Q1 2026
Call Date
Apr 30, 2026
AI Summary
Q1 2026

Strong start: TETRA said Q1 2026 was one of its strongest first quarters in the past 10 years, with revenue of $156 million and adjusted EBITDA of $26 million both at 10-year highs when excluding last year’s Neptune benefit.

Guidance held: Management kept full-year 2026 guidance unchanged, still expecting single-digit revenue growth, Completion Fluids margins of 25% to 30%, and Water & Flowback margins in the mid-teens.

Middle East risk limited: Leaders said the conflict in the Middle East should not hurt overall results much because the region is only about 5% of revenue and strength in the U.S., Europe and Latin America should offset any slowdown.

OASIS momentum: The produced-water desalination business is advancing through multiple engineering studies and customer discussions, with management aiming to be ready for more commercial talks before the end of Q2.

Growth pillars: TETRA highlighted bromine, electrolytes, critical minerals and desalination as key 2030 growth areas, with the Arkansas bromine project on time and on budget and lithium and magnesium options being evaluated further.

Key Financials
Revenue
$156 million
Adjusted EBITDA
$26 million
Completion Fluids & Products revenue
$92 million
Completion Fluids & Products adjusted EBITDA
$26 million
Water & Flowback Services revenue
$65 million
Water & Flowback Services adjusted EBITDA
$9 million
Cash
$36 million
Total debt
$182 million
Net leverage ratio
1.5x
Cash used in operating activities
$12 million
Total CapEx
$19 million
Arkansas bromine project CapEx
$8.4 million
Total adjusted free cash flow
use of $32 million
Base business adjusted free cash flow
use of $23.5 million
Middle East revenue exposure
about 5%
U.S. frac fleets
down 24% year over year
International Production Testing revenue mix
over 50%
Permian Basin pilot uptime
over 96% uptime
Bromine plant capacity
up to 75 million pounds annually
Lithium carbonate resources
585,000 metric tons
Evergreen ownership
65%
Current lithium carbonate price
around $25,000 per metric ton
Battery storage added to grid in 2025
record 15 gigawatts
Battery storage planned for 2026
24 gigawatts
Earnings Call Recording
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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