Overview

* Tetra Technologies Q3 revenue rose 8% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, reflecting operational improvements

Outlook

* Tetra raises 2025 revenue guidance to $620 mln-$630 mln from $610 mln-$630 mln

* Company expects 2025 adjusted EBITDA of $107 mln-$112 ln, up from $100 mln-$110 mln

* Tetra anticipates strong demand for battery electrolytes

Result Drivers

* OFFSHORE AND INDUSTRIAL STRENGTH - Revenue growth driven by strong performance in offshore and industrial calcium chloride businesses

* COMPLETION FLUIDS GROWTH - Completion Fluids & Products revenue increased 39% year-over-year due to Gulf of America and Brazil projects

* COST CONTROLS AND TECHNOLOGY - Water & Flowback Services improved EBITDA margins despite revenue decline, aided by cost controls and tech advancements

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $153.23 $143.63

Revenue mln mln (3

Analysts

)

Q3 Beat $0.04 $0.02 (2

Adjusted Analysts

EPS )

Q3 EPS $0.03

Q3 $25.03

Adjusted mln

EBITDA

Q3 -$628,00

Adjusted 0

Free

Cash

Flow

Q3 Gross $36.37

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil related services and equipment peer group is "buy"

* Wall Street's median 12-month price target for Tetra Technologies Inc ( TTI ) is $7.50, about 3.7% below its October 28 closing price of $7.78

* The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)