newsfilter
← Latest News
PR Newswire·

TETRA TECHNOLOGIES, INC. REPORTS STRONG FIRST-QUARTER 2026 RESULTS MAINTAINS 2026 GUIDANCE

TTI
  • TETRA Technologies reported Q1 2026 revenue of $156.3 million, income from continuing operations of $8.3 million (including $0.5 million in unusual charges), and Adjusted EBITDA of $25.6 million.
  • Income per share from continuing operations was $0.06, with CEO Brady Murphy citing the results as one of the strongest first quarters in the company's past ten years.
  • The Middle East conflict did not materially impact Q1 results, though some completion fluid sales planned for Q2 may face delays; the company expects long-term tailwinds for offshore activity.
  • TETRA maintained its 2026 guidance for revenue and Adjusted EBITDA margins, noting potential upside if deepwater projects accelerate or oil prices rise.
  • Completion Fluids & Products segment generated $91.7 million in revenue with an Adjusted EBITDA margin of 28.0%, driven by high-pressure gas plays in Haynesville & South Texas.
  • Water & Flowback Services segment reported $64.5 million in revenue with an Adjusted EBITDA margin of 14.1%, benefiting from cost reductions & higher-margin automation technology.
  • Balance sheet metrics as of March 31, 2026, included $35.5 million in cash, $181.8 million in total debt, & a net leverage ratio of 1.5 times.
  • The company is advancing its ONE TETRA 2030 strategy with growth in electrolytes for battery storage, produced water desalination for data centers, & Arkansas bromine & critical mineral projects.
  • The Arkansas bromine facility construction is on time & on budget, with Phase 2 underway & first production expected in 2028 at a capacity of up to 75 million pounds annually.
  • TETRA formed a joint venture with Magrathea Metals to advance domestic magnesium production & holds over 40,000 acres of mineral-rich leases in Southwest Arkansas.
  • A conference call to discuss these results is scheduled for April 30, 2026, at 10:30 a.m. ET.