Overview

* Tetra Q2 2025 revenue rises 11% sequentially, beating analyst expectations, per LSEG data

* Adjusted EPS of $0.09 beats estimates

* Adjusted EBITDA of $35.9 mln exceeds estimates,

Outlook

* Company expects full-year 2025 revenue between $610 mln and $630 mln

* Tetra projects full-year adjusted EBITDA between $100 mln and $110 mln

* Company anticipates GAAP net income before taxes of $21 mln to $34 mln

* Tetra highlights guidance subject to risks from schedule delays, hurricanes, and tariff impacts

Result Drivers

* COMPLETION FLUIDS & PRODUCTS - Revenue increased 9% year over year, driven by the successful completion of deepwater wells in the U.S. Gulf of America and strong performance in the industrial calcium chloride business

* WATER & FLOWBACK SERVICES - Revenue remained flat compared to Q1 despite a 14% decline in US frac activity, with margins impacted by $2 mln in non-recurring costs

* BROMINE PROJECT - Continued investment in Arkansas bromine processing facility to secure long-term supply and reduce raw material costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $173.87 $172.50

Revenue mln mln (3

Analysts

)

Q2 Beat $0.09 $0.07 (2

Adjusted Analysts

EPS )

Q2 EPS $0.08

Q2 Beat $35.88 $29.70

Adjusted mln mln (4

EBITDA Analysts

)

Q2 $26.49

Adjusted mln

Free

Cash

Flow

Q2 Gross $48.24

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 $5.50, about 31.6% above its July 28 closing price of $3.76

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(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.)