TTI News & Events

Tetra Technologies' board of directors has conditionally approved the final investment decision for the development of the company's bromine production facility near Stamps, Arkansas, the Evergreen Project. The board's authorization is subject to the company finalizing financing for the Evergreen Project. The global bromine market is estimated at approximately $2.3B in 2026. Currently, over 50% of global bromine supply originates in the Middle East. Tetra owns mineral rights to approximately 40,000 acres of brine leases in Southwest Arkansas, which contain significant bromine resources, including 744 ktons of proven and probable bromine reserves in the Evergreen Unit and measured and indicated bromine resources of 3.57 million tons across all Tetra acreage. This investment would allow Tetra to minimize third-party purchases of elemental bromine, reducing the company's reliance on external suppliers and providing greater supply chain certainty. The vertically integrated production case is expected to generate a bromine business NPV of $607M, using a 10% discount rate, inclusive of approximately $220M in remaining capital expenditures. The facility is expected to commence first production in early 2028. The entire facility is expected to be operational by the end of 2027, with first production anticipated in early 2028.

Reports Q1 revenue $156.3M, consensus $150.78M. Brady Murphy, TETRA's President and Chief Executive Officer, stated, "We are pleased to start 2026 with one of the strongest first quarter performances in the company's past ten years. Excluding the benefit of TETRA Neptune in the prior-year period, consolidated first-quarter revenue of $156 million and Adjusted EBITDA of $26 million were ten-year highs for a first quarter, as were both Brazil and Gulf of America. In addition, the Industrial Chemicals and Production Testing subsegments each delivered ten-year-high revenues with strong margin contributions. High-pressure gas plays in Haynesville and South Texas, supporting Gulf Coast LNG, are areas that should experience rapid growth in the coming years."

Reports Q4 revenue $146.7M, consensus $140.97M. CEO Brady Murphy stated, "We are pleased with our Q4 performance and finishing 2025 with one of the strongest financial years in our history across our current segments. Total 2025 revenue was $631M, income from continuing operations before taxes was $26.5M and Adjusted EBITDA was $114M. Revenue and Adjusted EBITDA were the highest in the last 10 years...Additionally, we finished the year with the highest volumes and revenue ever for the recycling and treatment of produced water, including first revenue from desalination for beneficial re-use in the Permian Basin. Q4 was highlighted by $31.7M of cash from operating activities and $21.8M in base business adjusted free cash flow. Additionally, we continued to make significant progress on the goals and milestones we outlined at our ONE TETRA 2030 Investor Day...It's been a very exciting year for TETRA, and we are on track to achieve our stated 2030 goals."