Q1 2026 Tetra Technologies Inc Earnings Call Transcript

Apr 30, 2026 / 02:30 PM GMT

Release Date Price: €8.15 (-1.81%)

Transcript 10-Q8-K

Key Points

Positve

Tetra Technologies Inc (TTI) reported a strong first quarter with revenue of $156 million and adjusted EBITDA of $26 million, marking 10-year highs.
The industrial chemicals and production testing subsegments achieved 10-year high revenues with strong margin contributions.
The company is well-positioned for growth with its OneTouch Tetra 2030 strategy, focusing on deep water, specialty chemicals, and critical minerals.
Tetra's bromine plant project in Arkansas is on schedule, with Phase 2 underway and Phase 3 planned for 2027, aiming for production in 2028.
The company has secured additional third-party bromine supply to meet forecasted demand, ensuring readiness for future growth in battery storage and deepwater projects.

Negative

Geopolitical unrest in Europe and the Middle East has led to higher costs and shipping delays, potentially affecting some Q2 2026 completion fluid sales.
Year-over-year, completion fluids and products revenue and adjusted EBITDA decreased by 1% and 23%, respectively, due to the absence of high-impact Tetra-Neptune projects.
Cash used in operating activities was $12 million, with total adjusted free cash flow being a use of $32 million, driven by higher incentive compensation and seasonal inventory builds.
The company faces significant uncertainty in oil and gas prices, which could impact future financial performance.
Tetra's exposure in the Middle East, although small, could face delays and challenges due to ongoing conflicts in the region.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TTI.N - Tetra Technologies Inc
Q1 2026 Tetra Technologies Inc Earnings Call
Apr 30, 2026 / 02:30PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. My name is Carly, and I will be your conference operator today. At this time, I would like to welcome everyone to the Tetra Technologies, Inc. 1Q 2026 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press followed by the number 1 on your telephone keypad. If you would like to withdraw your question, press *1 again.

Thank you. I would now like to turn the call over to Kurt Halliott. Please go ahead.

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Unidentified_2 [2]
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