Earnings summaries and quarterly performance for TETRA TECHNOLOGIES.
Executive leadership at TETRA TECHNOLOGIES.
Brady Murphy
Detailed
Chief Executive Officer
CEO
ES
Elijio Serrano
Detailed
Senior Vice President and Chief Financial Officer
KK
Katherine Kokenes
Detailed
Vice President and Chief Accounting Officer
MS
Matt Sanderson
Detailed
Executive Vice President and Chief Commercial Officer
RM
Roy McNiven
Detailed
Senior Vice President
TM
Timothy Moeller
Detailed
Senior Vice President
Board of directors at TETRA TECHNOLOGIES.
Research analysts who have asked questions during TETRA TECHNOLOGIES earnings calls.
BB
Bobby Brooks
Northland Capital Markets
4 questions for TTI
Also covers: ATMU, BELFA, CECO +13 more
JS
Jesse Sobelson
Analyst
3 questions for TTI
Also covers: AREC, CXDO, EVTL +8 more
Stephen Gengaro
Stifel Financial Corp.
3 questions for TTI
Also covers: ACDC, AESI, AMRC +24 more
TM
Tim Moore
EF Hutton
3 questions for TTI
Also covers: AMPS, AMSC, ARQ +12 more
JT
Jonathan Tanwanteng
CJS Securities
2 questions for TTI
Also covers: APG, ATRO, CMCO +17 more
JJ
Joshua Jayne
Daniel Energy Partners
2 questions for TTI
Also covers: AESI, AROC, BORR +20 more
KH
Kurt Hallead
The Benchmark Company
2 questions for TTI
Also covers: AESI, BKR, FTI +14 more
Martin Malloy
Johnson Rice
2 questions for TTI
Also covers: BE, BLDP, EOSE +7 more
MM
Marty Malloy
Johnson Rice & Company L.L.C.
2 questions for TTI
Also covers: EOSE, OPAL
RB
Robert Brooks
Northland Capital Markets
2 questions for TTI
Also covers: ATMU, BELFA, CECO +10 more
Stephen Gengaro
Stifel
2 questions for TTI
Also covers: ACDC, AESI, AMRC +18 more
Colby Sasso
Daniel Energy Partners
1 question for TTI
Also covers: OII, TUSK, VTOL +1 more
DW
Dan Weston
WestCap Management
1 question for TTI
Also covers: DUOT, IVAC
Patrick Ouellette
Stifel Financial Corp.
1 question for TTI
Also covers: EOSE, EVGO, OIS
Recent press releases and 8-K filings for TTI.
TETRA Technologies Reports Record 2025 Financial Achievements and Strategic Progress
TTI
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- TETRA Technologies reported record financial achievements in 2025, with $83 million in free cash flow from its base business, significantly exceeding its $50 million objective.
- The company substantially improved its balance sheet, reducing net debt to $109 million from $143 million at the end of 2024, and improving its net leverage ratio to 1.1 times from 1.8 times.
- Strategic initiatives are progressing, with Gulf of America Completion Fluids revenue increasing over 50% in 2025 and the global calcium chloride business setting revenue and adjusted EBITDA records.
- TETRA's OASIS desalination technology received a patent, and the company is focusing on larger, 100,000+ barrel per day plants for data centers in West Texas, with first revenue from a large facility anticipated in 2027.
- The Argentina business is expected to double its revenue in 2026 compared to 2025 due to new contracts.
5 days ago
TETRA Technologies Reports Record 2025 Financials and Progresses Arkansas Bromine Project
TTI
Earnings
New Projects/Investments
CFO Change
- TETRA Technologies achieved record revenue and adjusted EBITDA for its completion fluid segment in 2025, with Gulf of America revenue increasing over 50% and completion fluids and products EBITDA margins improving to 33% from 28.9% in 2024.
- The company reported $83 million in free cash flow from its base business in 2025 and reduced net debt to $109 million from $143 million at the end of 2024, improving its net leverage ratio to 1.1 times from 1.8 times.
- Significant progress was made on the Arkansas bromine plant, with Phase 1 completed, and the plant's annual capacity is projected at 75 million pounds by 2029.
- For 2026, completion fluids and products adjusted EBITDA margins are expected to be in the 25%-30% range, while water and flowback services adjusted EBITDA margins are projected to improve from 12% in 2025 to the mid-teens.
- Elijio Serrano, CFO, will retire at the end of March 2026, with Matt Sanderson transitioning into the CFO role.
5 days ago
TETRA Technologies Reports Record 2025 Financials and Strategic Progress in Q4 2025
TTI
Earnings
New Projects/Investments
CFO Change
- TETRA Technologies (TTI) achieved record financial performance in 2025, including $83 million in free cash flow from its base business, significantly exceeding its $50 million objective, and a net leverage ratio that improved to 1.1 times from 1.8 times at the end of 2024.
- The Completion Fluids and Products segment's revenue increased over 50% in 2025 compared to 2024, with EBITDA margins improving to 33%, while the global calcium chloride business also achieved record revenue and adjusted EBITDA.
- Strategic advancements include a patent for its OASIS desalination technology and a shift to developing larger plants (100,000+ barrels per day) for data centers in West Texas, with the earliest large-scale plant expected online by mid-2027. Additionally, the Argentina business is projected to double its revenue in 2026.
- Elijio Serrano, Senior Vice President and Chief Financial Officer, is retiring.
5 days ago
TETRA Technologies, Inc. Announces Strong Q4 and Full-Year 2025 Results
TTI
Earnings
New Projects/Investments
Guidance Update
- TETRA Technologies, Inc. reported strong full-year 2025 financial results, with revenue of $631 million and Adjusted EBITDA of $114 million, both marking the highest in the last 10 years. For Q4 2025, revenues were $146.7 million and Adjusted EBITDA was $20.4 million.
- The company generated $100.4 million in net cash provided by operating activities and $33.2 million in Adjusted free cash flow for the full year 2025. TETRA ended the year with a strong balance sheet, including $72.6 million in unrestricted cash and a net leverage ratio of 1.1 times net debt to Adjusted EBITDA.
- Strategic initiatives advanced, including the completion of Phase 1 of the Arkansas bromine project and securing additional bromine volumes for 2026-2027, alongside executing a term sheet for a joint venture with Magrathea Metals, Inc. to monetize magnesium.
- Looking to 2026, TETRA anticipates modest overall revenue growth and expects Completion Fluids & Products Adjusted EBITDA margins in the 25%-30% range and Water & Flowback Services Adjusted EBITDA margins to improve to mid-teens.
6 days ago
TETRA Technologies Announces Strong Full-Year 2025 Results and Strategic Progress
TTI
Earnings
Guidance Update
New Projects/Investments
- TETRA Technologies reported full-year 2025 revenue of $631 million, a 5% increase year-over-year, and Adjusted EBITDA of $113.6 million, a 14% increase year-over-year, marking the highest levels in over ten years.
- For the fourth quarter of 2025, revenues were $146.7 million, up 9% from Q4 2024, and Adjusted EBITDA was $20.4 million. The company also generated $31.7 million in net cash provided by operating activities and $3.1 million in Adjusted free cash flow for Q4 2025.
- The company ended 2025 with a net leverage ratio of 1.1 times net debt to Adjusted EBITDA and unrestricted cash on hand of $72.6 million.
- Strategic initiatives progressed, including the completion of Phase 1 of the Arkansas bromine project in Q4 2025, with the entire facility targeted to be operational by the end of 2027 and first production in 2028. TETRA also secured a term sheet for a joint venture with Magrathea Metals to monetize magnesium resources.
- For 2026, TETRA expects modest overall revenue growth, with Completion Fluids & Products Adjusted EBITDA margins projected to be in the 25%-30% range and Water & Flowback Services Adjusted EBITDA margins in the mid-teens.
6 days ago
TETRA (TTI) Reports Q3 2025 TTM Results, Provides 2025 Guidance, and Outlines 2030 Targets
TTI
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- TETRA (TTI) reported Q3 2025 TTM Revenue of $618.8 million and Adjusted EBITDA of $116.0 million, with an 18.7% Adjusted EBITDA Margin.
- The company issued 2025 guidance projecting revenue between $620-630 million and Adjusted EBITDA between $107-112 million.
- Strategic growth initiatives include ramping sales of TETRA PureFlow for Battery Energy Storage Systems (B.E.S.S.), advancing TETRA Oasis TDS, and progressing the Arkansas bromine project, supported by a five-year supply agreement with EOS for high-purity zinc-bromide.
- TETRA targets significant long-term growth by 2030, aiming for $1.25 billion in revenue and $325 million in Adjusted EBITDA.
- The Arkansas Bromine Project is expected to contribute $230 million in incremental revenue and $105 million in incremental EBITDA at mid-point first year full production, with a $270 million project Capex.
Jan 14, 2026, 12:00 PM
Tetra Technologies Details Growth Strategy and CFO Transition
TTI
Guidance Update
New Projects/Investments
Management Change
- Tetra Technologies is currently operating at a run rate of approximately $600 million in revenue and over $100 million of EBITDA, with steadily increasing EBITDA margins.
- The company is executing a strategic transformation, targeting $1.25 billion in revenue and $325 million in EBITDA by 2030, by expanding into high-growth markets such as long-duration battery storage and water desalination.
- Significant growth is anticipated from battery storage, with product sales to Eos Energy Enterprises projected to increase from $20 million in 2025 to $50 million-$60 million in 2026.
- To support this growth, TTI is constructing a bromine extraction facility in Arkansas, expected to be operational by late 2027, which is projected to add over $100 million of EBITDA.
- Elijio Serrano, SVP and CFO, is set to retire at the end of March 2026, and Matt Sanderson, Chief Commercial Officer, will assume the CFO position.
Jan 13, 2026, 9:30 PM
Tetra Technologies Outlines Growth Strategy and CFO Transition at Needham Conference
TTI
Guidance Update
New Projects/Investments
CFO Change
- Tetra Technologies (TTI) is currently operating at a run rate of approximately $600 million in revenue and over $100 million in EBITDA, with a strategic focus on high-margin areas such as water and flowback services and industrial chemicals.
- The company anticipates significant growth in its battery electrolyte sales to EOS, projecting an increase from $3 million in 2024 to approximately $20 million in 2025, and further to between $50-$60 million in 2026.
- TTI plans to construct a bromine extraction facility in Arkansas, expected to be operational by late 2027, which is projected to add over $100 million of EBITDA.
- Under its "One Tetra 2030" plan, the company targets an increase in annual revenue to $1.25 billion and EBITDA to approximately $325 million, driven by expansion into water treatment and specialty chemicals.
- Elijio Serrano, SVP and CFO, will retire at the end of March, with Matt Sanderson, Chief Commercial Officer, transitioning into the CFO role.
Jan 13, 2026, 9:30 PM
TETRA Technologies Details Diversification Strategy and Ambitious 2030 Targets
TTI
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
- TETRA Technologies is currently operating at a run rate of approximately $600 million in revenue and over $100 million of EBITDA, with a strategic focus on water and flowback services and industrial chemicals after divesting non-core businesses.
- The company projects significant growth in its battery storage electrolyte business, with sales to EOS expected to increase from $3 million in 2024 to $20 million in 2025, and further to $50-$60 million in 2026.
- TETRA is expanding into water treatment and desalination, with discussions for large-scale facilities that could process 100,000 barrels per day or more, potentially generating over $70 million in annual revenue for a single plant.
- To meet increasing demand, TETRA plans to invest approximately $200 million in a bromine extraction facility in Arkansas, anticipated to be operational by late 2027 and expected to add over $100 million of EBITDA.
- The company has outlined "One TETRA 2030" targets, aiming to increase revenue from $600 million to $1.25 billion, EBITDA from over $100 million to about $325 million, and free cash flow to over $140 million.
Jan 13, 2026, 9:30 PM
TETRA Technologies and Magrathea Metals Advance Joint Venture for Magnesium Production
TTI
New Projects/Investments
M&A
- TETRA Technologies and Magrathea Metals, Inc. have signed a term sheet to form a joint venture aimed at rebuilding America's magnesium metal defense industrial base at TETRA's Evergreen Project in Southwest Arkansas.
- This partnership will leverage Magrathea's innovative electrolytic magnesium technology and TETRA's resource base to produce magnesium, a critical mineral designated by the U.S. government.
- The initiative is a key component of TETRA's ONE TETRA 2030 strategy and supports the U.S. goal of developing a secure domestic supply of critical minerals.
- Magrathea has already secured Defense Production Act Title III funding from the Department of War for its initial commercial phase at TETRA's Evergreen Plant.
Dec 2, 2025, 11:00 AM
Quarterly earnings call transcripts for TETRA TECHNOLOGIES.
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