Tetra Technologies Inc
NYSE:TTI
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Tetra Technologies Inc
TETRA Technologies, Inc. is a geographically diversified oil and gas services company, which engages in the completion of fluids and associated products and services. The company is headquartered in The Woodlands, Texas and currently employs 1,100 full-time employees. The firm focuses on completion fluids and associated products and services, water management, frac flowback, and production well testing. The firm operates through two reporting segments organized into two Divisions - Completion Fluids & Products and Water & Flowback Services. The Completion Fluids & Products Division manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry. The Water & Flowback Services Division provides onshore oil and gas operators with water management services and provides frac flowback, production well testing, offshore rig cooling, and other associated services. Liquid calcium chloride, calcium bromide, zinc bromide, zinc calcium bromide, sodium bromide products. The firm focused on bromine-based completion fluids, calcium chloride, water management solutions, frac flow back, and production well-testing service.
TETRA Technologies, Inc. is a geographically diversified oil and gas services company, which engages in the completion of fluids and associated products and services. The company is headquartered in The Woodlands, Texas and currently employs 1,100 full-time employees. The firm focuses on completion fluids and associated products and services, water management, frac flowback, and production well testing. The firm operates through two reporting segments organized into two Divisions - Completion Fluids & Products and Water & Flowback Services. The Completion Fluids & Products Division manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry. The Water & Flowback Services Division provides onshore oil and gas operators with water management services and provides frac flowback, production well testing, offshore rig cooling, and other associated services. Liquid calcium chloride, calcium bromide, zinc bromide, zinc calcium bromide, sodium bromide products. The firm focused on bromine-based completion fluids, calcium chloride, water management solutions, frac flow back, and production well-testing service.
Record Results: TETRA posted its highest revenue ($484 million) and adjusted EBITDA ($93 million) in a decade, with Q3 revenue of $153 million and adjusted EBITDA of $25 million, both up year-over-year.
Guidance Raised: Full-year 2025 EBITDA guidance increased to $107–$112 million, up from prior $100–$110 million, driven by strong offshore activity.
Deepwater Strength: Completion Fluids & Products revenue climbed 39% YoY in Q3, and management expects another 10-year high for completion fluids in 2025.
Market Headwinds: Water & Flowback Services revenue fell 18% YoY, reflecting ongoing U.S. onshore weakness, but cost controls and international growth (notably Argentina and Middle East) are helping.
Bromine Project Progress: Arkansas bromine plant remains on track and under budget; expected to double current supply and generate $200–$250 million additional revenue annually once operational by end of 2027.
Strategic Wins: Significant contract wins in Argentina and Saudi Arabia, expanding international presence and offsetting U.S. market softness.
Leadership Transition: CFO Elijio Serrano plans to retire in March, with Matt Sanderson named as successor; transition described as smooth and well-prepared.
