Quarterly ResultApr 29, 2026, 05:07 PM
TTI Q1 Revenue $156.3M; EPS $0.06; Maintains 2026 Guidance
AI Summary
TETRA Technologies, Inc. reported strong first-quarter 2026 financial results, with revenues of $156.3 million and income per share from continuing operations of $0.06. Adjusted EBITDA reached $25.6 million. The company highlighted one of its strongest first-quarter performances in a decade, excluding the TETRA Neptune benefit, and maintained its full-year 2026 guidance. Strategic initiatives in electrolytes for battery energy storage and produced water desalination are progressing, with the Arkansas bromine facility on track.
Key Highlights
- Q1 2026 Revenue was $156.3 million, a 6.5% sequential increase from Q4 2025.
- Income from continuing operations was $8.3 million, up 105% YoY from $4.0 million in Q1 2025.
- Adjusted EBITDA for Q1 2026 was $25.6 million, a 33% sequential increase from Q4 2025.
- Income per share from continuing operations was $0.06, doubling from $0.03 in Q1 2025.
- Completion Fluids & Products revenue was $91.7 million with 28.0% Adjusted EBITDA margins.
- Water & Flowback Services revenue was $64.5 million with 14.1% Adjusted EBITDA margins.
- Cash used in operating activities was $11.9 million; total Adjusted free cash flow was $(31.9) million.
- Net debt stood at $146.3 million, with a net leverage ratio of 1.5 times.