Jesse Sobelson

Stephen Gengaro

Tim Moore

Bobby Brooks

Joshua Jayne

Kurt Hallead

Martin Malloy

Robert Brooks

Colby Sasso

Dan Weston

Patrick Ouellette

- TETRA Technologies, Inc. (TTI) has unveiled its "ONE TETRA 2030" growth strategy, aiming to **double revenues and more than triple adjusted EBITDA** by the end of the decade.  **[844965_20250925DA83297:0]** 
- The strategy focuses on expanding into **water desalination and energy storage sectors**, leveraging the company's fluid chemistry expertise.  **[844965_20250925DA83297:0]** 
- By 2030, TETRA is targeting revenues between **$1.2 billion and $1.3 billion**, adjusted EBITDA in the **$300 million to $350 million range**, and EPS between **$1.20-$1.30**.  **[844965_20250925DA83297:0]** 
- Management expects to generate **over $100 million in annual adjusted free cash flow by 2028** and beyond, which will enable a shift to a capital allocation strategy focused on returning capital to shareholders through debt reduction, dividends, and/or share repurchases.  **[844965_20250925DA83297:0]** **[844965_20250925DA83297:1]**

TETRA Technologies Outlines ONE TETRA 2030 Growth Strategy

- TETRA Technologies is executing a "TETRA 2030" transformation strategy, projecting to increase revenues from over **$600 million** (trailing 12 months) to approximately **$1.25 billion by 2030**.  **[844965_2157545_1]** 
- By 2030, the company aims for a balanced revenue mix: **36%** from energy services, **36%** from specialty chemicals and minerals, and **28%** from water treatment and desalination, significantly reducing reliance on traditional oilfield services.  **[844965_2157545_1]** 
- Since refocusing its strategy in 2021, TETRA has demonstrated strong execution, increasing revenue by **56%**, EBITDA by **129%**, and cash flow from operations by **544%**.  **[844965_2157545_3]** 
- Growth is expected from its deep water completion fluids business (projected **7% to 10% CAGR** through 2030)  **[844965_2157545_14]** , specialty chemicals and minerals (projected over **$400 million in revenue**)  **[844965_2157545_4]** , and water treatment and desalination (targeting **500,000 barrels a day** of produced water desalination by 2030).  **[844965_2157545_4]** **[844965_2157545_26]**

TETRA Technologies Outlines 2030 Transformation Strategy and Growth Targets

- TETRA TECHNOLOGIES (TTI) has set ambitious financial targets for 2030, aiming for **$1.25 billion** in revenue, **$325 million** in Adjusted EBITDA, and an EPS between **$1.20-$1.30**.  **[844965_2157692:47]**  The company also plans to generate over **$100 million** in Free Cash Flow annually starting in 2028 to initiate a return of capital program.  **[844965_2157692:47]** 
- The company is undergoing a significant portfolio transformation, shifting from 71% Energy Services in Q2'25 TTM to a more diversified mix by 2030, targeting **36%** from Energy Services, **36%** from Specialty Chemicals and Minerals, and **28%** from Water Treatment and Desalination.  **[844965_2157692:10]**  This strategic shift is expected to drive a **15%** revenue CAGR and a **26%** Adjusted EBITDA Margin by 2030.  **[844965_2157692:47]** 
- Key growth initiatives include the Specialty Chemicals & Minerals segment, which is projected to achieve **$430 million - $460 million** in revenue and **$120 million - $150 million** in Adjusted EBITDA by 2030.  **[844965_2157692:47]**  The Arkansas bromine plant is expected to be completed by **late 2027**  **[844965_2157692:46]** , and TETRA anticipates **$12.6 million/year** in lithium royalties by 2028 from the Standard Lithium/Equinor joint venture.  **[844965_2157692:46]** **[844965_2157692:47]**

TETRA TECHNOLOGIES Outlines Ambitious 2030 Financial Targets and Strategic Portfolio Transformation

- TETRA Technologies, Inc. announced an updated Definitive Feasibility Study (DFS) and Resource Report as of **August 1, 2025**, detailing significant increases in bromine and lithium resources and the identification of new critical minerals.  **[844965_20250923DA80899:0]** 
- **Evergreen Unit Bromine Resources** (Measured and Indicated) increased by **173%** to **431 ktons** from the previously reported 158 ktons, with total Measured and Indicated Bromine Resources across all TETRA acreage rising to **3.57 million tons**.  **[844965_20250923DA80899:0]** 
- **Evergreen Unit lithium resources** (Measured and Indicated) grew by **163%** to **585 ktons** of lithium carbonate equivalent (LCE) from the prior 222 ktons.  **[844965_20250923DA80899:0]** 
- The report newly identified **2.18 million tons** of Measured and Indicated Magnesium resources and **47,000 tons** of Measured and Indicated Manganese resources across TETRA's brine lease acreage, which were not included in previous reports.  **[844965_20250923DA80899:0]** 
- TETRA is entitled to a **2.5% royalty** on gross proceeds from lithium recovered by Smackover Lithium (a joint venture) from approximately **35,000 acres** where TETRA is the brine lease holder.  **[844965_20250923DA80899:0]** **[844965_20250923DA80899:1]**